Member Info for JPP8788

Telegram

Quote from John Taylor, ex-CEO here:

"The bond has resulted in WeCap having line of sight to the 500k odd WSHP shares in CSIL…

The Board won’t and can’t give a running commentary on negotiations with bond holder. It’s not due until May. I would not expect any update on DCB until there is something material to disclose. Board has acknowledged that the DCB timing is contributing to the valuation disconnect and is focused on resolving it ahead of time....

There is nothing to suggest that the bond holder will be anything other than accommodating - as they have been in all previous extensions."

Agree that patience is required. I also agree that the DCB will be extended without too much fuss, probably until early 2027 to allow some flexibility

The next 6 months for WeShop are the most important measure

If it gets back to the $100/150 levels then you may end up with 20/30x from the current SP

Should bounce today.

Do we have confirmation on quarterly results announcement?

Yeah Comms really hasn't been great. WeShop is the concern currently.. Needs to reverse the downtrend

@Veteran10

Embarrassing.

The SP is NOT worth 12p with the DCB liability.

Based on $53, the true value of the SP based on NAV is 9.8p, based on assumed DCB debt at Dec 2026

Veteran, you've clearly become invested beyond your comfort... You're letting emotion overrule your sensibility here. ABF hasn't said anything that I would see as a "deramp".. They've provided a very balanced view.

As others have said, there's likely no catalyst for a large growth here now for the next few months - unless WeShop hits $100/150/200+ and holds it, the SP isn't likely to move significantly.

Traders know this and aren't interested, and would-be long term investors know they can likely wait to time an entry.

This will come good... The buzz and excitement will return.. Just not yet.

Undervalued..

Revenue: £5.55 m (FY25)

Profit before tax: £1.41 m (FY25)

Mcap: £10.7m

Recent RNS suggesting revenue of "not less" than £5.2m for FY26 does not justify a drop from 180p in June 2025 to 69p today

£1 by February 6th

An aquis listed company would not be able to raise £9m at 1.3 - not a chance.

And even if they did, you'd looking at over 120% dilution, making a current 10x value disconnect into more like 4x

DCB extension is by far the best option

The original owner can't "take all WeCaps shares", it doesn't work like that. The DCB isn't secured against any assets as far as I can tell. If Hawk demand repayment of the £7m, then WeCap would have to look at some kind of funding... Given the value of their NAV, I don't think that would be a problem.

Ultimately the BOD here said in December that they identified the liability of the DCB as being key.. I don't think we'll here anything until maybe April time either way. I think once the DCB is extended or otherwise settled, we will be sat around the 4p level (assuming the WeShop price is $65, and it will then build from there. It's not a rocket science... As the lock up deadline approaches, there will be fewer and fewer investors prepared to sell their shares.

The BOD havent covered themselves in glory at all - but if I put myself in their position, I'm not sure what else they can do.. The DCB holder probably won't entertain discussions around extension until close to maturity, so they have a better understanding around the liquidity of WeShop, hence they can be confident that WeCap can monetise their holdings. The board know what they are sat on, and they also know they can't touch it until November, what else are they supposed to do/say? ... A share price here of 1.45p is disappointing.. But I have no doubt that this share will be the share of 2026 from these levels.

I'm in at 72.5

Fundamentals too strong, drop overdone for sure.

Wow - that moved QUICKLY.

Bounce coming... Spread tightened.

Spread isn't great, but 1p is too cheap here.

Those buys around 1p will do well today.

This looks too cheap based on that RNS - fair value more like 7/8p

Discount nearly 10x