RE: DEEP MATTER Time to buy?17 Dec 2019 11:01
At a glance, I notice that this company
Summary:
DeepMatter Group Plc is a big data and analysis company which has built a platform - DigitalGlassware™, focused on enabling reproducibility in chemistry. It continues to develop this software to deliver applications resulting in new optimised chemicals, materials and formulations in such commercially significant areas as pharmaceutical research, fine chemicals, scientific publications and teaching. DeepMatter is at the forefront of the digitization of chemistry, which will ultimately see the enabling of an autonomous synthesis engine, the Chemputer™.
* Has a small number of shares in issue 737m.
* Has a whopping 73.43% not in public hands.
* Is currently exploiting a niche area with high growth potential.
* Collaboration announced with AstraZeneca.
* Is progressing at pace and in line with their strategic roadmap.
* Is starting to get revenue-generating contracts.
* The Group held cash balances at 30 June 2019 of £4.08m (helped by placing )
* In sept reported a widened pretax loss for the first half of the year--in line with the board's expectations--after booking higher costs and said it is confident for the future.
From Chairmans Statement
* We are engaging with a number of industry participants
* We are excited by the scale of the pipeline of opportunities we have built and
are focused on the effective execution of wider deployment and further monetisation of the
DigitalGlassware™ platform.
*We remain confident about the future and, with a robust strategy in place, look forward to driving our
vision and achieving our long-term objectives.
Media:
Company video explaining what company does http://www.deepmattergroup.com/content/investor/index.asp
https://www.insider.co.uk/appointments/trio-specialists-strengthen-scottish-science-21105731
Obviously I will need to dig around a bit deeper but I like what I see currently and at a price of 2p when the share price has been much high, 2.60 on AstraZeneca Pact alone.
I took a small position while I look deeper.