Member Info for Chrisatrdg

Following my posting the following is the description of placing of shares:

'A placing is the issue of new shares when companies are looking to raise money. Usually new or 'primary' shares are only offered to institutions, which is what makes a placing different to a rights issue, where the shares are offered to existing shareholders.'

Below is an extract from the recent RNS & the new share base following the recent admission is as detailed on their website today - 'The total number of shares in issue is: 71,761,878. 3.16% are not in public hands'.

On the basis of the new share issue what is the likely monies raised & surely this must help matters or am I missing something.

'Application for admission to trading

In accordance with the terms of the Facility, Sareum has issued a further 1.5 million Placing Shares. Application will be made to the London Stock Exchange for the admission of the 1.5 million Placing Shares to trading on AIM ("Admission"). It is expected that Admission will occur at 8.00am (London Time) on Monday 18 March 2024.'

Hi All - Is there any feed back from our fellow investors visit today ?

PS: I note that the last comments posted was at 14.42 which seems odd to me.

Hi Investors Relations,

I am an investor in Sareum (SAR) and I have worked in Biotech, a company based In Oxford called Summit plc, now listed on the NASADQ (SMMT).

While working at Summit I also worked with xxxxx xxxxxxxx who I understand was one of the founders of your company.

I wish to make it clear that I understand the challenges that all Biotech companies face but wanted clarity as to the status of the companies position.Clearly you are continuing as a 'Going Concern' but the market place has interpreted your last but one RNS in a negative way.

I am asking for some form of clarity with regards the 'Notice of Interim Results and Trading Update'.I would find it difficult to believe that the company has run out of money in that it needs the £300,000 prepayment deposit in order to continue in business unless it can secure additional funding.

I appreciate that such matters are market sensitive but I feel that clarity is required to confirm that you are not in 'the last chance saloon'.

Regards

Recent post by John Wood on LinkedIn

1h • 1h •

'Great to see the robot performing well on MAS'

http://www.linkedin.com/feed/update/urn:li:activity:7174437816813191168/

Xenor - I agree with your post I believe the decision in principle has been agreed the banks are not at risk it is a matter of the paperwork & working with 9.00 to 5.00 civil servants & having worked within a civil service framework there is no thing as overtime. I am expecting an announcement within the next two weeks if not an update at the end of March to confirm it is in progress then expect deal shortly.The announcement likely to be accompanied by a trading update & if positive I see this going to circa 20p.

I cannot believe that we will not get an update soon to correct a very clumsy RNS issued yesterday & to those ends I have made a further top up of 700 shares.Time will tell.GLA. PS Our saving grace is that I believe that the science is sound & having worked in Biotech I have some understanding of the challenges that exist.

Following various posts on here re the new finance deal ,expected this month. I would like to add that my understanding from what I have read is that it can be used for working capital for both export and domestic contracts, capex etc. The whole purpose of the exercise is for them to get rid of the current expensive deal which will be good all round but for it not to be restrictive. As I said before if there was some form of hold up we would have been informed by now.I am expecting a rerate this month to hopefully 20p provided we have an equally positive trading update.Regards to all.

Hi All - Made a small top up this morning of 315 shares to bring my average to 68p. My total number of shares is not that high more of a gamble for a few years down the line.SAR has great potential & I am banking on a multiply of the current SP as I said in a few years time.I cannot believe that the current directors have made the decisions they have without due consideration particularly when they must be thinking of their future retirements.Selling the company maybe an option they are considering.

Hi dawski37 - I support your post & have every confidence that the finance deal with be completed successfully & likely in Qtr 1 2024.If H&W were not on the cusp of settling the deal by the end of Qtr 1 2024, at this late stage, H&W would have had to have updated the market.I am now showing 'Strong Buy'.

Throwing caution to the wind I think it is time to be positive maybe todays current SP increase means maybe the worm is turning.I have just checked the http://onlineservices.justice-ni.gov.uk/publiccourtlists/SearchScreen.aspx & there is no listing for the hearing relating to the IM JR appeal up to Friday 22nd March which then leaves 4 days the following week before Easter.My expectation is a hearing in April.Enjoy the rugby for those that follow.

I thought it might assist to know where H&W are with this potential contract award below is the definition of 'Preferred Bidder' & shows how close they are to this contract award pity the current SP does not reflect the significance of todays RNS.

'PREFERRED BIDDER is the bidder who is selected by the vendor, usually to some predetermined criteria, as being the party to whom it intends to sell the business, or award a contract, subject to the completion of negotiations and legal arrangements.'

PS Confirmation of todays RNS & the finance deal should take us to 20p.

Hi Kaeren Totally agree with your comments. I have to admit although final contract award is required they would not be announcing this RNS this morning which is clearly price sensitive unless confident award will be made.We now need the finance deal & we are then holding onto shares that will climb in value over the years. Totally unexpected with the news.Well done JW & his team.

Alexander Nairn

Alexander NairnAlexander Nairn • 2nd • 2nd

Senior Vice President - Major Projects at Cenovus EnergySenior Vice President - Major Projects at Cenovus Energy 5d • 5d •

'Stunning picture of Cenovus’s SeaRose FPSO in the H&W Drydock in Belfast. Good luck to Neil Martin and our project team that are managing the repairs and upgrades!'

http://www.linkedin.com/feed/update/urn:li:activity:7169211909286604800/

LSE03 - Thanks for that post & underscores what I have been hearing from my source that things are on the up & the article that you showed the link for is proof of that.Thanks again.

PS A bit disappointed that there was no RNS business update this morning maybe next Monday 4th March.

PPS I am showing Hold which reflects what I am doing but if I had a spare few thousand pounds I would be Buying.

Hi All - As previously mentioned I note that we had a 'Business Update and Outlook' on 1st March 2023 I wonder if this will be repeated Thursday this week or do we have to wait till we have the finance deal confirmed.

PS: Let's hope we have reached the bottom of the SP drop.

PPS : Not sure I would want to bet a £5 on having the recent IM Appeal squashed.

Hi Bubble2021 The problem with topping up is when to do so as the SP is still falling. I am tempted to add another 3,000 & hopefully double my money in 1 month. But do I see a pig flying by. Regards to all.

Under 10p to Sell.

Hi Lottie123 - Thanks for your post this morning. As someone who has attended the last two AGM’s I am very disappointed for the SP to be below 10p. As a long term shareholder even I am becoming despondent at the lack of news & have made an approach to H&W for at least an interim update but no answer. Once we have the finance news the mood will change but some will wonder how & earth H&W were awarded that MOD subcontract starting next year.Moan over.

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