Member Info for JPJPJP

No financials, but the value of the contract is described as small.

But some may take it as a positive that the first sale for a new product "Vendor Management Hub" has been announced today

https://www.londonstockexchange.com/news-article/ACRM/first-customer-win-for-new-product/17188010

Companies House filings on 11 July 2025 show that Simon Marvell and Angus Forrest are no longer Directors of Acuity Risk Management Ltd since 2 July 2025

https://find-and-update.company-information.service.gov.uk/company/12369714/filing-history

Forrest remains a Director of the parent company, Acuity RM Group plc

https://find-and-update.company-information.service.gov.uk/company/00298654/officers

The significant holdings announced via TR1 keep coming, but the share price is still under downward pressure.

Currently unloved by the broader market?

Good news that NextGen STREAM is launched. I hope customers and prospective customers see the benefits and flock to buy it.

Now, I hate to be picky on such things, but it was as recently as 25 June 2025 that the Final Results RNS stated "New product development on STREAM has been finalized. It is ready for June launch"

How did they not know on 25th June that the June launch would not happen?

The TR1 today re Philip J Milton & Company Plc increasing its holding from 4.08% - that was announced just a week ago - to 6.61%

Is that because

- more of its clients have been convinced to add it to their portfolio?

- it couldn't buy all the shares it wanted at the time and crossed the 3% threshold before its position was fully established?

- something else?

Also has a non-exec in common with Acuity - John Wakefield

Is it secret?

> Lothbury, Built Cybernetics plc?

Philip J Milton & Company Plc is shown as holding 8.24% of Built Cybernetics plc

https://builtcybernetics.com/share-information

Acuity's non exec Director (and holder of 4.6% of its shares) Nick Clark, is Built Cybernetics CEO (and holder of 12.54% of its shares).

Philip J Milton & Company Plc , a wealth management firm, has announced it has a 4.08% position according to the TR1 on RNS today

https://www.londonstockexchange.com/news-article/ACRM/holding-s-in-company/17106740

For clients? For itself?

Others likely spotted this before I did,

There has been a charge registered on Acuity Risk Management Ltd since July 2023, the 'person entitled' being Uncapped Ltd.

The charge was marked as satisfied on 3 June 2025

https://find-and-update.company-information.service.gov.uk/company/12369714/charges

I take that as being a good thing. Whilst I have no prior knowledge of Uncapped Ltd, a quick look at its website suggests it charges 15-23% APR to borrowers.

There is a potential issue with accounts like this. Potential prospects such as the "major defence contractor" will question whether ACRM can survive. As such companies aren't known for making decisions quickly anyway, introducing that element of doubt makes doing a good deal less easy.

The solution, as others have repeatedly said, is to grow revenues by adding new customers.

Having already pushed out the time until the company is cash generative just three months after saying it would happen going into Q4, changing that to "we expect to be able to report significant progress towards cash generative trading at the end of 2025" there is still a credibility issue too.

That the share price did nothing of any significance on the back of the results shows that the market was not interested. I say the only thing that will (positively) interest the market now is the announcement of significant sales, or a bid being made for the company.

It always interests me when a purchase is made that takes the holder just over the 3% threshold.

In this case (Wicks), we don't know what his shareholding was prior to the date on the TR1, but the decision to buy enough to to trigger the notification requirement would have been taken with that requirement in mind.

He could own 2.99% and no one would ever know.

Wicks wants it to be known that he has a position of that size.

I wonder if he was hoping that the announcement would cause a little uptick in the share price? That it hasn't shows that the general mood of the market towards this share is negative, doesn't it?

True, but consider how it looks the other way round.

Imagine if they had said in the investor presentation "we expect to be able to report significant progress towards cash generative trading at the end of 2025" and then, three months later, said

we will be cash generative going into Q4 2025

and profitable from the end of Q4 2025

I think that would be touted as an upgrade by more people than there are touting the reality as a downgrade, wouldn't it?

There is a walk back in the statement that is of concern

In the investor presentation on 11 Mar 2025, the message was

Cash generative going into Q4 2025

Profitable from the end of Q4 2025

In the Update on 13 June 2025, the message was

"we expect to be able to report significant progress towards cash generative trading at the end of 2025"

I agree with skid

I am glad to see angus sidelined from the business into a role where he can only do less damage

Cost savings are good too, but they can't save their way to prosperity: they need sales. Lots of sales and the sooner they start getting booked, the better.

No need to clear a space in the office for a YouTube Creator Award just yet either, unfortunately.

Just 247 subscribers and a combined fifty views (at the time of writing) across their last five videos

https://www.youtube.com/@AcuityRM/videos

They will all be busy at infosecurity Europe this week

https://www.infosecurityeurope.com/en-gb/exhibitor-directory/exhibitor-details.acuity%20risk%20management%20limited.org-fec535b8-311f-41e1-b200-0a0e6b1ff232.html#/

Shareholders need that to be a very successful event for acuity

AIUI, any material change or information that could impact investors needs to be disclosed through RNS. Included in this is the requirement to correct any public forecasts made.

I would take that to include any significant contract win (with 2024 revenue being guided at £2.1m, then 5% / £105k revenue).

Or if the publicly stated forecast to be cash generative going into Q4 2025 and profitable from the end of Q4 2025 requires correction.

786,084 shares have changed hands today at 0.96 per share

As lothbury mentions, paying creditors / suppliers with shares has happened as part of this placing.

"In August 2024 the Company acquired a loan note for a deferred consideration payable at 50 per cent. of any monies subsequently received pursuant to the loan note payable in cash or new Ordinary Shares at the Company's option. To date £10,000 has been received pursuant to the loan note and therefore the Company is paying consideration of £5,000 by way of the issue of 344,827 new Ordinary Shares at a price of 1.45 pence per share, being the mid-market price at close of business on 16 May 2025 (the "Loan Note Shares").

In addition, the Company has agreed to settle £16,261 of a supplier invoice by way of the issue of 1,121,454 new Ordinary Shares at a price of 1.45 pence per share (the "Supplier Shares"), being the closing mid-market price at closing of business on 16 May 2025."

Many will be surprised to learn of the existence of the loan note, but maybe heartened by the effective discount achieved on the £16,261 supplier invoice by settling it with shares priced considerably above the current market price.