Member Info for JPJPJP

The retail offer, part of the latest fundraise, is priced at 0.75p.

It aims to raise £50k that will be used for working capital purposes.

It is proposed that each offer share has a warrant attached, exercisable at the Issue Price for a period of 1 year.

https://www.londonstockexchange.com/news-article/ACRM/retail-offer/17643154

Another fundraise.

https://www.londonstockexchange.com/news-article/ACRM/fundraise-of-approximately-ps400-000/17642720

The placing (c. £320k) and Directors subscription (c.£50k) have raised £370k and there is £50k worth of shares on offer to retail investors.

However they dress up the reason for the raise, the RNS states that the company had net cash of £322k as at 31 Dec 2025. As the Directors have been careful to avoid the "cash generative" goal in recent appearances, I wonder how much cash they had on hand before this placing?

New product development is all well and good of course. But in the time I have been a shareholder, the company has launched three new products: Storm, VMH and Stream Cloud. None of which have yet set the market on fire, have they?

How big an ask is it to expect shareholders to believe that the next new product will succeed where the last three appear to have not?

The contract expansion announced today is, of course, good news.

https://www.londonstockexchange.com/news-article/ACRM/contract-expansion/17627365

Whilst it does not actually tell us how much the expansion is worth versus the previous arrangement with this existing customer, it does tell us that the overall contract value is over £100k across three years.

STREAM Cloud was launched twelve weeks ago today.

So far, there has been no announcement that a single instance of it has been sold.

16 March 2026

With regulatory requirements tightening across the UK and EU, and boards increasingly demanding visibility of cyber risk, the timing is right. STREAM® Cloud gives these organisations a fast, guided route into professional risk management, with a clear path to our enterprise platform as their needs evolve. This is a commercially attractive model that we expect to contribute to improved new customer acquisition and recurring revenue growth."

Today, almost 7 weeks later.

If the market need is so significant and the product is as good as the launch RNS and subsequent communications from the company claim, why hasn't the first sale been announced yet?

Is it unreasonable to expect that a flagship new product, first touted for launch in June 2025, supported by a sales function refocused on the cyber security market for almost a year, and a programme focused on the most productive partners, should have racked up its first sale more quickly than this.?

A sense of restrained optimism from David and Duncan today?

I think they are as keen as any other shareholder to land more sales and, my impression is, that they believe they can and will.

I am looking forward to hearing of the first few Stream Cloud customers going live, hopefully soon. Having launched on 16 March, the impatient part of me was hoping that a launch customer was lined up in advance, or that there was someone very close to the business end of the sales pipeline.

To discuss the trading statement for the six months to 31 March 2026

It would be good to hear David's / the company's near term objectives. In the last presentation David outlined three key objectives and they were all delivered. More of that (with bigger objectives) is needed.

On the day David was announced as CEO, the share price was 2p. Today it is 0.775p. It is clear just how much more work there is ahead.

Some will see the LIve RNS notification and, maybe excitedly, click on it.

They will be pleased to read that the company has traded profitably month on month since 1 October 2025 and that management is confident this will be sustained through 2026.

They will wonder if the company is cash flow positive and why that is not mentioned.

They will wonder what the Q1 revenues comparable figures are and why that is not mentioned.

They will continue to hope that significant new business is won, preferably soon.

The only part that wasn't mentioned in the RNS was that Marvell was taking part in the deferral / reinvestment process.

"As part of the changes, from the start of June the role of Chairman has reverted to being a non-executive role, at a salary of £60,000 pa of which one sixth will be deferred until 31 December 2025. It will include responsibility for identifying and delivering complementary acquisitions. The other two non-executives remain on salaries of £15,000 pa and these are entirely deferred until 31 December 2025. Deferred pay at 31 December net of taxes will be invested in the Company's shares."

I suppose as he wasn't a plc Director means it didn't have to be included, but in terms of overall transparency, it would (imo) have been better to mention all participants.

4,872,255 new shares issued

https://www.londonstockexchange.com/news-article/ACRM/issue-of-equity/17522859

As per the RNS in June 2025 ( https://otp.tools.investis.com/clients/uk/drumz_plc/rns/regulatory-story.aspx?cid=199&newsid=1954708 ) Forrest and the non exec's have taken their deferred pay for the period to 31 Dec 2025 in new shares.

Whilst is wasn't specifically mentioned in June 2025, Marvell has also received shares in lieu of deferred salary.

Additionally, the company has settled two supplier invoices by issuing new shares instead of paying cash.

With its cybersecurity efforts

https://bsky.app/profile/danneidle.bsky.social/post/3mh6dr52y5l2u

Quite staggering really

"I "hack" into the dashboard of a digital consultancy, ClarityDW Ltd, by ⚠️ ⚠️ pressing the back key four times ⚠️ ⚠️ "

16 March 2026

"Acuity RM Group plc (AIM: ACRM) , the software group specialising in the cybersecurity sector of the Governance, Risk and Compliance ("GRC") market, is delighted to announce the launch of STREAM® Cloud, a new cloud-native edition of its award-winning STREAM® integrated risk management platform.

STREAM® Cloud represents the culmination of the NextGen STREAM® programme, announced in June 2025 and is the new product launch for Q1 2026 anticipated in the trading update of 13 January 2026. During the initial rollout in 2025, the Company identified quality issues that did not meet the standards expected by its customers. Management paused the release, undertook a comprehensive programme of redevelopment and testing, and the resulting product is now being launched as STREAM® Cloud."

continues

https://www.londonstockexchange.com/news-article/ACRM/product-launch/17503541

The directors of Acuity (AIM: ACRM), the software group, are delighted to announce that its wholly owned subsidiary, Acuity Risk Management Limited ("ARML") which is focused on the cyber-security sector of the Governance, Risk and Compliance ("GRC") market has received the following customer feedback from Moonpig on its recently launched Vendor Management Hub ("VMH") product. VMH is a software product which enables users to onboard suppliers and others easily, quickly and automatically. VMH helps automate assessments, strengthen governance and make decisions with confidence.

continues...

https://www.londonstockexchange.com/news-article/ACRM/a-client-s-experience-of-acuity/17492713

Another contract win (£75k) that is touted as having the potential to bring further business to ACRM.

Sopra Steria will "develop a product built on Classic STREAM"

https://www.londonstockexchange.com/news-article/ACRM/contract-win/17473486

More about Sopra Steria here https://www.soprasteria.com/about-us

Another UK government contract announced is good news.

https://www.londonstockexchange.com/news-article/ACRM/contract/17463996

Is this the 'old' STREAM? Or the NexGen STREAM?

The ID of a significant recent buyer is revealed in today's RNS , Philip J Milton & Company Plc

https://www.londonstockexchange.com/news-article/ACRM/holding-in-company/17445227

Whilst it is positive news to see a big holder add to its position, it is also noteworthy (to me) that even on the back of broadly positive investor update, the contract renewal RNS and a single buyer acquiring (another) 1.46% of the issued shares, the price has hardly moved.

The market is not in love with this one (yet), is it?

Good news that an existing customer has renewed for a further three years with a total contract value in excess of £160k (and that this lifts ACRM's contracted future revenues to over £2m).

https://www.londonstockexchange.com/news-article/ACRM/contract/17440436

May this be the first of many positive updates.

Measured and positive presentation dangling the prospect of jam tomorrow. Maybe.

The CEO is a good guy and he has made progress. I hope it is enough to get them onto an upward trajectory. I am not yet convinced it is, but I think it has a better chance now than it had in the last update.

The cost base reduction work appears to have got them to a better place. Let's see how it shows up in the next accounts / results.

They have to land at least one significant contract in Q1 2026 on the back of today's presentation.

They have to get STREAM Cloud up and running - it is already over 6 months late.

I (and I expect the market more broadly) would view a cash call / raise in 2026 very negatively, unless it was for something very special indeed, that didn't cost much and delivered lots.

I am curious if Acuity has any sales traction with councils such as RBKC?

https://www.rbkc.gov.uk/newsroom/we-are-responding-cyber-security-issue

https://www.rbkc.gov.uk/cyber-security-incident-faq

Skid35, they are good questions for the investor presentation on 21 Jan

https://www.londonstockexchange.com/news-article/ACRM/statement-re-investor-presentation-10-00am-21-january/17414675

Https://www.londonstockexchange.com/news-article/ACRM/trading-statement/17410286

extracts

- revenue flat for 25 vs 24 at £2.1m

- forward contract revenue down from £2.5m to £1.9m

- admin costs down to £1.8m annualised

- profitable trading in Oct, Nov and Dec 2025

- Next Gen stream has not yet launched (was due July 2025, now saying Q1 2026)

- potential of jam tomorrow