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Agree with Jimmy, Brandshield should have an Enterprise value of $40-50M, it's estimated revenue for YE 2024 is nearly $18M which would increase this even more.
Hi nicwe,
I had a chat with HL. From what I understand, if you choose not to sell pre de-listing, then after the de-listing date, your shares would still be held in your account, until you arranged to sell them via a matched bargain facility with a broker such a JP Jenkins. You would then contact HL to transfer them across. I would expect this to be equal or above placing price, depending on when you decide to sell.
I would expect the share price to recover over the next few weeks, as it is well below placing price, so would make sense for long term holders to buy, while below the 5.68p price.
5.68 pence per Ordinary Share is over 25% of current price. Both Sir Terence Leahy and William Currie both subscribing to another $500,000 each.
Well, I was wrong about needing another placing!
Raise $3.32 million (£2.68 million) in a Subscription of 47,137,662 new Ordinary Shares and up to £2.20 million in an Open Offer of up to 38,669,962 new Ordinary Shares, each at 5.68 pence per Ordinary Share (in each case before expenses)
Impressive results, Brandshield does always hit it's financial targets, so the estimated end of year Revenues of $11 million looks very achievable. With revenue growth continuing at such a high rate, and operational costs reducing, who knows, maybe we'll be in profit by year end...
And then there is the added bonus of Brandshield's holding in WeShop, conservatively valued at $3,840,920. All for a Market cap of $7m.
Hi Shandypants2,
The company has stated in it's Final Year results from July, that: "the Company believes it will get cash flow positive during 2024 without the need for further funding." and also :
“an increased emphasis has been placed on achieving a cash flow generative position in 2024. The operational cash burn has been significantly reduced through various initiatives including the roll out of the enhanced 'BrandShield 3.0' platform to the Company's clients. This has allowed greater automation to be achieved leading to wider re-structuring within certain areas of the Company, particularly within the enforcement division. Other cost cutting has been achieved including a reduction in cloud based costs. The Company also holds legacy investment assets that it is seeking to dispose of in an orderly way. Opportunities may arise to dispose of these however the Company is not reliant on this in a going concern scenario. In addition, the directors have undertaken sensitivity reviews of the forecasts to model the effects of lower than budgeted growth and believe that cost reductions would be achievable if needed (albeit to the detriment of the Group's long term strategy) if required to avoid the need for a fundraise within the next 12 months. These measures would include if required the Directors deferring an element of their salaries. As such, the Directors consider that the Group will have access to adequate resources to meet operational requirements for at least 12 months from the date of approval of these financial statements.
I'm guessing that would be why Sir Terence Leahy and William Currie were prepared to buy more shares back in May, otherwise why risk dilution?
Shh, the longer the better... just keep accumulating ;0)
Https://www.voxmarkets.co.uk/articles/q-a-with-dr-tom-oakley-of-feedback-plc-5a69d6c
Been following MAST for a while with interest. Once the Joint Agreement has been signed off in a couple of weeks, I'm expecting the share price to significantly improve. I would also suspect that they have been holding off from publishing project news until this is done, so would expect updates to follow. Should see this heading back to 3p in the next few weeks.
Https://www.linkedin.com/feed/update/urn:li:activity:7079425428213387264/
Interesting article posted today by Cap XX on their Linkedin page:
https://lnkd.in/eYTECe5R
Yep, looking good Roley, trading should only be improving since last year, shares price will improve accordingly.
Sir Terence Leahy and Mr William Christopher Currie have increased their holdings, explains yesterdays large buys. A big vote of confidence in Brandshield, exciting times ahead I feel......
So if the WeShop share price is £5.95, I calculate that would put Brandshields holding at a value of $7m. The company is expected to Turnover US$13M this year, and become profit making, plus with it's WeShop holding, makes it a screaming buy.
The lock in period has now past, which might have something to do with it. I also noticed that the latest transaction of WeShop shares went for £5.95 which would place Brandshields holding at a much higher value.
BrandShield holds 508,508 shares in WeShop Limited. This represents around 10.5% of the currently issued share capital in WeShop Limited. Should a £9m convertible loan note in WeShop Limited convert then the Company’s holding would reduce to around 5.3%. WeShop Holdings Limited is currently trading on the JP Jenkins matched bargain trading platform with most recent trades being at £3.50 per share. Taking this share price then the Net Asset Value of WeShop Limited would be £116m and the potential NAV per share would be £24.05 for currently issued shares or £12.09 for shares issued following conversion of the CLNs. The value of BrandShield’s holding could be derived at £12.2m or £6.2m respectively in those scenarios, however the Board does not believe that it is prudent to attach such a valuation at this stage given the relatively small trading volume of WeShop Holdings on JP Jenkins, the fact that the WeShop main marketing effort has not been fully launched yet and the fact that there are likely to be some taxation liabilities and administrative costs associated with WeShop Limited which will be deducted from any shares issued to underlying shareholders in specie. The lock in period to May 2023 would also require a discount to be applied to any derived valuation. As such the Board has continued to hold the value of the investment in WeShop Limited at cost, that being $4,112,107.
Apologies if already posted: Modern Clinical Communications Solution and Implementation Partner, closing date tomorrow.
https://bidstats.uk/tenders/2023/W19/798294020
Description:
A Bleep communication system is currently being utilised at The Dudley Group NHS Foundation Trust (DGFT).
However, in 2019 the then Health Secretary called for the phasing out of this method of communication.
Modern technology facilitates the need for team-based communication, image facilitation, and task assignment.
Bleeps on the other hand require medics to seek out landline phones to then go through a switch board and manually telephone everyone involved which negatively impacts efficient clinical care.
In line with our Digital and People Plans, a new communication solution is needed to improve productivity. To achieve digital maturity, modern clinical communication solutions is a key element to ensure that there is a sustainable patient flow through the treatment process.
Improving the flow of patients is in line with a key strategic objective of ensuring patient care.
As a result of the recent pandemic, there is now a significant backlog of patients across clinical domains, meaning that ensuring there is adequate communication and flow is essential to ensure the Trust meets clinical demands. DGFT wish to embark on a programme of work to deliver enhancements to our clinical communication methodologies which will underpin the efficient flow of patients between clinical teams.
A partner is required to provide a full end-to-end set of professional in-house Project Services relating to Modern Clinical Communication and offer insight expertise into linking this with the current digital infrastructure at DGFT.
Some big trades, could be connected to WeShop?