Ryan Mee, CEO of Fulcrum Metals, reviews FY23 and progress on the Gold Tailings Hub in Canada. Watch the video here.
Growth Opportunity In UK
According to the Business Post, Dunnes Stores sees an opportunity to grow the Buymie business overseas, particularly in the UK.
The ecommerce platform currently employs around 50 people working in technology roles and also has over 300 personal shoppers on its books.
Buymie was founded in 2015.
It has recorded growth of more than 6,900 per cent in the past four years.
The firm has partnerships with retailers such as Dunnes, Lidl, Aldi and Woodies.
Unsuccessful Fund Raising
The newspaper reported that the group recently hired the Goodbody stockbroking firm to help it raise an additional €10 million to €20 million.
This process proved unsuccessful, prompting the stockbroking firm to seek a buyer.
Dunnes Stores could pay as little as €1 to acquire the business, as well as agreeing to pay creditors.
Angel Investors
In recent years, Buymie has received support from angel investors.
These include former Unilever CMO Keith Weed and Kiddicare.com founder Scott Weavers-Wright.
Former Superquinn executive Eamonn Quinn is the current chairman of the business.
Last May, the group announced that it had raised a further €7 million in funding, bringing total funding in the business to €18 million.
This investment was led by the firm's biggest backers, including Grosvenor Food & AgTech, Act Venture Capital, Sure Valley Ventures, Haatch Ventures, and HBAN.
Is it time to buy into this bombed out play ? The time could be right to buy in ahead of some overdue share price enhancing news. If history repeats itself some share price upside comes around in the last 1/4 of the year and into the 1st 1/4 of the next.
Positive news flow coming through now with an expected indirect investee company's share floating tomorrow ( sic 15th December) and this new news https://www.londonstockexchange.com/news-article/PIRI/svv-software-fund-invests-in-jaid/15758261
https://www.londonstockexchange.com/news-article/PIRI/new-svv1-investment-in-everyangle/15693685
https://www.londonstockexchange.com/news-article/PIRI/half-year-report/15649328
Increase year on year.
https://www.londonstockexchange.com/news-article/SURE/portfolio-update-q2-2022/15631492
Any increase in SURE share and market cap will be positive news for PIRI's investment.
Took a while but all will come good in the end ?
https://www.londonstockexchange.com/news-article/UKOG/environment-agency-grants-full-horse-hill-permit/15438126
https://www.londonstockexchange.com/news-article/PIRI/update-on-investment-in-pluto-digital-assets-plc/15260861
PIRI shares will attract plenty of attention on this press release could be worthwhile tucking a few away at current price for future upside in my opinion.
https://www.londonstockexchange.com/news-article/PIRI/smarttech247-receives-eur6m-order/15036382
https://www.londonstockexchange.com/news-article/PIRI/contract-win-for-smarttech247/15031011
https://www.londonstockexchange.com/news-article/PIRI/getvisibility-secures-new-funding/14998035
https://resource.co/article/teg-group-placed-administration-9711