Member Info for Hightower

Buffet being discussed in a thread titles eaten up.

I'm ready for Christmas Turkey

More questions

Is a reverse takeover instead of a completed wind down?

or

Would the reverse takeover happen following the completion of the wind down?

To be fair, for every buyer there is a seller of the same amount :-)

Someone had to sell them to you. (he he he)

Indeed Robespieree that statement is factually correct.

What does this mean?

Cash and cash equivalents held at 30 September 2024 amounted to £46.0m

Cash Reserves: Following refunds to customers due under the Scheme, payment of operational costs and continued transfers of surplus cash to the Scheme, the Group held unrestricted cash of £22.5m at the end of September 2024.

Unrestricted.....is that a cash amount that is not attached to any scheme or creditors in relation to the wind down. Free to be used?

Likely to be around £18m left. Why would they share it out when they are not legally obliged to do so.

If there is a reverse takeover finalised, the money will be free to use to invest in whatever the business becomes. Not a bad starting point.

Only a few final payments to be made and then redress will be completed. 10th January completion (I'm told).

With Amigo still having millions in the bank following redress completion. What will that money be put towards?

I have a feeling this will go past the 2021 highs.

This is one of my safe holdings.

These shares are being eaten up in huge numbers every single day.

It's only a matter of time until this rockets, it cannot be long now as its been going on for weeks.

A firm hold from me, hopefully the jump can wait until after my Christmas bonus is paid on the 20th December so I can add a few more.

The RNS does not really tell us anything new. These developments have been on the company website for the last couple of weeks. (Unless I'm missing something).

Out of interest?

And off we go

I have a gut feel that 61p will be just the beginning with this one.

As a non dividend stock, I think this one will simply remain in my portfolio for a long time and will be a continuous growth. (Hopefully one where non investors will say, I wish I got involved in 2024 when it was only 4p :-) :-) :-))

Happy for my comments to be shared.

Gspanner - the company I work for (not a particularly large company only 500 employees) - had a demo of the recruitment software that Cykel have produced to see how it could benefit our small recruitment team of 4.

Lets just say (being a not technical person) I have never seen anything like it, it the way it essentially takes away all of the donkey work by matching up C.V.s to job descriptions - which in busy times we would use agencies or admin staff to do at a cost (which sounds quite basic but is very time consuming). Using part of the A I function it can communicate with candidates inviting them to interviews by synchronising calendars and preparing invite letters.

The human element is and will likely be that final interviews will need to be carried out by a human decision maker, but it can if mass recruiting for front line workers in an industry with high turnover e.g. delivery drivers, construction workers, facilities based roles, warehouse workers etc carry out first stage interviews through automation before presenting a selection of candidates for 2nd interviews to the client.

Essentially if you put out a vacancy in the current climate, you will likely get 100's of applications, it can reduce that down to 7 or 8 (quality candidates) without you having to do any admin type work yourself and can even provide you with videos clips taken from online interviews carried out by an AI agent.

It appears very good and I can see it being used by recruitment agencies themselves (instead of having a human agent making endless phone calls to candidates and back and forth email communications) as well as large organisations that do their own recruitment.

I was impressed enough to but some shares as I think this could be a hit.

Probably other large orders being processed. I'm sure once they are completed you will be able to buy a larger amount. May just cost more.

Will there be any reported today. (I'm hearing there will be).

Why so many HUGE buys and no SP rise?

Does anyone have any answers?

No can do, she is having a duvet day today, didn't fancy it after a heavy weekend.

People can research the detail themselves, they don't need me to regurgitate it.

It's artificially intelligent bikes right ???? :-) :-) :-)

Yes Londuke, I am well aware of the product, the strategy and the business aims. I have first hand experience of using their product.

As long as they continue to develop, they can become the market leader.

With it being a new area, there could easily be a big tech player that comes from nowhere and blow them away. So it is risky.

I have invested a medium stack.

Pretty confident it's a good investment from the research I have done. (But cant always be right).