Member Info for katstrangler

Corporate Developments

The Company continues to progress the acquisition of 60% of the share capital of EasySend Ltd ("EasySend"), a Northern Ireland incorporated company operating a cross-border payments business, as announced on 29 November 2023. Completion of the acquisition of EasySend remains conditional, inter alia, on the entering into of definitive sale and purchase documentation and also on GST obtaining approval from the FCA for the change of control of EasySend, a regulated entity. The Company expects to complete the acquisition in Q2/Q3 2024 and further announcements will be made regarding the acquisition in due course.

GS20 "... is trading profitably, in line with the GST Board's expectations."

" Semnet is trading ahead of the GST Board's expectations"

and

"Completion of the acquisition of EasySend remains conditional,"

i understood full well what you were referring to.

Ah, yes. because the sp isn't any sort of reference point for a company.

which, presumably, is why so many folk are happy with 0.7 having been encouraged to buy at 1.4 because everything was great and was going to be £2.50 by 2027.

let's be honest, you say you'll keep looking at the assets, and i'll keep saying i'm looking at the sp and i'm sure you're far happier at the current situation!

Ps. i would remind everyone that we're currently sitting at 0.7ish...

who here thought that was ever going to be probable again! so who's to say what else might be 'probable'!

We're now at about 9th/10th week since the placing. (no idea why they pushed through the shares sooner than first announced) which starts to emulate how the other placings were announced (though still not completed, either of them!). so, now looking for either Easysend completion or new asset (thouh i doubt i'll have heard of it but assume it adds something to their operations so... how cheap is a US licence-holding company?).

But would infinitely prefer it to be next week, latest.

Obviously, i'm not wearing rose tinted specs.

objectivity isn't a failing. if you can contest the points and turn them into positives, fire away!

So, as full updates went, it wasn't very full... or as full as saying "including potentially via further acquisitions" which also means 'potentially not".

that's not very full, is it.

i'd have quite liked for them to say what their 'expectations' were as it's a redundant phrase without numbers.

what is one expected to gauge from 'as expected' or 'better than expected'?

those words got ramped hard as if it was some kind of objective target.

i would say that, from the '***packet numbers' being chucked about, without acquisition news i doubt the revenue will be all that.

but whether it 'betters expectations' will only be known once the cost of the added assets is seen relative to whatever that revenue is.

fair to say that excusing a company for having no numbers makes the investment rather arbitrary and dependent on sentiment signals... like a new acquisition or completion of the ones that are still in the air.

without that, the only real metric one has is the current price relative to the price 3 and six months ago.

Their engineering works must be looking to Labour for contracts for railways... and company say the rest of the company is 'in line with...'

It's like a fairground for printing money for some of the more cavlier traders!

gla.

What overhang???

this is just a monied pi who's decided to chuck money at it on the expectation that several buys attracts viewers and, potentially, buyers and that today's news confirmed positive outlook for company.

still needs a definitive contract, though.

ah... that's fine, then. and, while fca are dragging their feet on that one, if the news comes soon, the mcap will knock your figures into a ****ed hat! so, get ready to revise upwards! : )

Not sure why you're adding Easysend... not ours yet!

... for example, they say the assets are meeting or beating expectations but what are they?

those expecations?

were their expectations to make revenue of £100k, £1mill or £10mill?

the only thing we can hold onto is that the results will say how much improved revenue will be so it'll either bounce very hard or hard or fall back.

and, based on the sp over the past six months it's a lottery where it'll be. the only upside is the sp has been so trashed that if a new or old acquisiton comes in prior to results it'll be a good rise from current sp and set up nicely for results to at aleast make for a recovery to last year's high.

...because they're the only company in the world that can't make predictions about potential growth or how many new corprations might be using their platform or what progress Wellesley is making, after several months of employ, or even just saying that they can't state that they can't give details of FCa progress on Pathways or any conferences or exhibitions or financial anythings that aren't rns worthy but might be pertient to th market perception of the company and, therefore, the sp?

... make that £3.75mill...

We don't have a clue what the costs of each acquisition have been nor what kind of expenditure is incurred in running operations, nor what £2.75 million raised over 3 placings has done for the company, beyond:

acquiring two-thirds of a cyber company, paid for by $0.8mill but with more dilution to come from $1million in new shares at a tbc price,

a proposed two-thirds Easysend acquisition, with no details on the cost and still awaiting approval,

acquisition of PayPT at undisclose price, for Candian licences, etc.

so, we have approx £4.25mill spent (once Semnet shares have been issued) to create revenue of... ? yoy.

personally, find it impossible to draw a line between dilution > revenue > share price. feels like it'll be down to sentiment as to what the market thinks about the rate of progress and whether the 'expectations' and approvals feel more positive than the current sp.

one would like to think it is.

That's my interpretation, anywyay.

the placing was shiiii... for, once again, giving no clues as to why they raise the amount, relative to the cost of previous acquisitions. even the Semnet price is a movable feast, due to the sale being dependent on share issuance.

impossible to gauge just how much, each time, gets swallowed up by 'progressing' GSMoney. but, now we've had the disappointment, eyes turning to the results and, from this low, a bit of optimism that at least some of the outstanding news is being kept (though i thought news had to be released asap) for results.

if they couldn't be arssed to rns Angra's new ceo then god knows what we'll hear on results!

but at least it's upside from here...

"We are yet to find out what the recent raise was for."

'potentially'... it's in the rns. or can't you read!