Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Was trying to establish some metrics on how to value a Fast Fashion business. You have the usual Revs/Profit/loss as in any business. Also need to factor in Social media subscribers think over 4 million emphasis on Collabs which they have Stacey Solomon and Jac Jossa as well as others and also about ethic and sustainability which they go into quite a bit on the accounts side of things about carbon foot print etc... With the company now turning a profit this year apparently - Which means revs have probably increased quite considerable together with a reduce cost base.
This is looking very positive for us all. If deal goes through. So a large MCAP on return could well be possible it will now all depend on what Shares are in issue once everything is sorted that is the only question lets hope not too many!!!
Not sure about a 50MCAP - but hey that would be nice. Remember there will be more Shares in Issue than the 11m currently. I would certainly factor those in for sure. Unfortunately for ITS shareholders they will not benefit from the looks of it as its a separate entity now.
If this get over the line then we should benefit massively as a result. Totally new company, New people at the helm. Profitable with million in revenue streams- I will certainly be happy if this gets close to the £1 mark on return anything from 50p to £1 on return anything else is a bonus. min 30p would still be great - I was thinking between £5-10 Million prior to yesterday - but until we see the details its just guess work.
So Just had a quick read. So expected profits of 1million by the end of this month. Nice
So Ben Armstrong taking his place - he has been Brand consultant - So expecting them to be out new leaders. Brad might stay on on a non exe capacity I would have thought, Who knows
Yes and Bob RTO - its a quicker vehicle to market using a Shell such as ICON, than going IPO route. My thoughts though is what Market will we be on AIM or MAIN. Again not sure but I'm sure it has to be 30 million now could be wrong on that. So I expect to be AIM. But either way this looks pretty decent - but they do need to sort Linton etc. out which Brad I am sure is on with that will probably take more negotiations.
Just done a Google search - Yes he stepped down from the board - sure its still on companies house however. I think he is now still involved as a brand consultant. Don't know too much about him if I'm honest but obviously he is talented from a fashion perspective but not a board level. I think that is why they will probably need someone with Brad expereince initially going forward as its a complex world. If they have started to be profitable which you would hope will be disclosed when doing DD and with revs of 44 million plus then this could be a great RTO for us Iconic shareholders - I would expect shares in issue to go up a fair few million would be great to get back to 30p initially which what is was after consolidation - but atleast we have a viable business with revenues. -if signed sealed.
Only just seen this, this morning so not had a real look at it yet. But I would probably say Brad will be kept on as he will be the Tech side of things I would have thought with Lisa being the main driver going forward. The other 2 Iconic will leave as I think they were brought on to deal with the aspects of funding etc.. for the RTO. As others have said let clear the slate
I know the business was bought for 1.2 mill last year more for convenience to stop going into afmin. TRying to put a real value to the business we are RTO with revenues of 44 millions We will see what the deal is if it goes through soon enough But one thing the MCAP should be a bit greater than it was before suspension with what seems like a good player in the market. .
I'm not overly concerned if this gets suspended or not, it means progress has been made and finally the next chapter can be written. Most important thing now is to make sure an RTO gets across the line.
Also I don't think we can lose much more money considering we are now only worth £350K approx. The RTO in terms of market CAP should be considerably north of this figure, will no doubt be a mix of cash and shares so yes more shares in issue but with MCAP of x millions.
Not had time to do any real research on the new directors but noted one of them deals with mid market - which hopefully gives us an indication of the sizr of company we are looking at min £15m. In regards to suspension lots of caveats with the FCA to go through but i would hope if RTO goes through then we stand a chance of gaining our money back, time will tell and hopefully now we won't have too much longer to wait.
Well officially now changed to Tonner Drones, so if this is anything to do with us going forward we should hear soon, if not then who knows. Nothing stopping them now after the Shareholder meeting last week. We shall wait and see if nothing announced in the next couple of weeks I will assume this will be nothing to do with us.
Not posted for a while as was on holiday then been really poorly with COVID, finally on the mend, been taking an interest in this for obvious reasons. Its been a bit of car crash hasn't it. Hopefully light at the end of the tunnel but still expect a few more weeks before anything if anything is announced. RTO do take a while to get done and its was clear prior to the AGM nothing had been done apart from the commitment of the CVA.
Hopefully now ths is the starting point of the company moving forward
With any RTO it obvious that more shares will be allocated as part of the deal as this is how these sorts of deals are done, however with the caveat that the MCAP of the new company being ALOT bigger dependent on the company - We will see in hopefully the next few weeks but not expecting anything that soon.
Yes will now take 150m
Said yesterday it gaining traction but we do need multiple 150/200 trades. Ultimately we need news - but will take incremental rises throughout the week and build a base which i think its doing this week.
Morning Shareinterest, its a good dream to have - but i think you will be struggling to pay off mortgage with this share i'm afraid with 3 million.
If positive RNS get announced the company will significantly increase in value that is for sure so you need to look at Mcap of the company and not the SP in reality. 0.1 would be c46m that would be some deal from where we are today even that might be out of reach to begin with but over time possible, we will also have to allow for dilution as part of the deal which is often the case. it not out of reach but it will all depend on the company or companies they RTO into - its all guesswork until the RNS lands.
Not been massive seen 2 for around 60m.
Personally as said the other day would like to see some bigger trades in the region 150/200 million and several of them then that to me would signal news is on its way. Until them I will take 15/20% days as and when they come. But certainly more activity in recent days that is for certain.
Lol, on holiday from Thursday this week for 2 weeks - might be buying a villa if this comes good, i will name it Iconic Towers.
Hopefully will come good but not expecting it to get to 80/90 million I would settle fro 15.25 million mcap to begin with which will give us a few quid