Member Info for Laura2022

So far Lumon have not made any further announcements since 23rd April but I suspect there will be developments

There offer was never made public, but if there offer is better than the current one then I'm assuming g Lumon amd or courts have to listen to it to protect shareholders who are currently making shafted by this ridiculous makes rates insider stich up

From 23rd April

Lumon was contacted by representatives of Argentex seeking Lumon's urgent support in view of its rapidly deteriorating liquidity position. Lumon has since worked at great pace collaboratively with Argentex and its advisers to develop a package of an immediate bridging loan and liquidity support in the manner described in the Announcement (the "Lumon Liquidity Proposal") as well as a possible offer in cash for the entire issued and to be issued share capital of the Company (together with the Lumon Liquidity Proposal, the "Lumon Possible Offer"). Accordingly, Lumon was surprised and concerned that the Lumon Possible Offer was unequivocally rejected.

Lumon believes that the terms of the Lumon Possible Offer are highly compelling and offered certainty to Argentex and all of its internal and external stakeholders.

Https://www.bbc.co.uk/news/articles/cn053edex5eo

Donald Trump says there has been a "total reset" in US-China trade relations following the first day of talks between American and Chinese officials in Switzerland.

In a social media post, the US president described the talks as being "very good" and said change had been "negotiated in a friendly, but constructive, manner".

An escalating trade war between Washington and Beijing has seen the US president hit Chinese imports to the US with tariffs of 145%. China retaliated with levies of 125% on some US goods.

Ricey, sadly while £500k is extreme it's not uncommon for lifestyle AIM directors odd heavily loss making comapjeis to be on £250k+

A recent report put it at £275,000 on average for AIM if I recall

But £500k for a company that loses £5mln+ a year is unforgivable

Then...after 10yrs + to suddenly say " we need to make coat cutrinc" right on the 11th hour

I am not beginning to think he was either

Naive

Deliberately one sided

Insider

I do ignore Tom

Hence why I couldn't understand your reticence

LOTM

You could /should have been asking these questions 6-12mths ago ?

The cash burn per month has been highlighted by myself and others for a long time

You seem pretty relaxed given your large holding has lost 95%

Thabks for that Ralph

Momentum is building operationally this last 2mths

* 3 new clients

*4 different contracts

*3rd Peer review

"one of the most important annual meetings for those working in PK/PD modelling and population approaches."

And this was from yesterday RNSits all a bit muddy

Following allotment of the New Ordinary Shares, Eric Leire has agreed to direct their issue to an institution, who will immediately sell these New Ordinary Shares at the same Issue Price to a purchaser identified by it (the "Purchaser").

Still no news on the institutional investor who should have declared their 41mln ( 1p%)

I got a wooly reply from the company stating it should be forthcoming

I

Scmd and people like myself are buying because there's likely to be a few twists over coming months

"The Scheme also requires the passing at the General Meeting of the Resolutions. Following the Court Meeting and the General Meeting, the Scheme must also be sanctioned by the Court. The Scheme is expected to become Effective during the second half of the calendar year 2025."

Toptrump1

06/5/2025 13:47

It’s certainly not a done deal. Lumon or a new bidder may be accumulating at this price. The board have agreed to sell but until they secure 75% it won’t go through. The court needs to investigate whether a transaction at undervalue has not occurred to protect shareholders. If Lumon are buying up 30% a bid may follow. It’s why IFX have provided for in their offer that they may change from a scheme to a Bid

The fact they are willing to bid for stock HIGHER than the initial takeover offer suggests the market believes this won't be the only offer

Current market cap is a fraction of last accounts

Financial summary

· Group revenue of £50.3m (FY23: £49.9m), with growth in the number of clients offset by a reduction in average spend

· Improving trading momentum with revenue growth of 6% yoy in H2 (vs. 4% yoy decline in H1)

· EBITDA margin of 8% comfortably ahead of previous expectations of low single digit EBITDA margin

· Operating loss of £0.2m (12 months to 31 December 2023: operating profit of £8.1m), with margin reduction as a result of planned investment in business transformation

· Strong balance sheet: debt free with net cash of £18.4m at 31 December 2024(1)

Yeah..I'd filtered him months ago

A vaguely similar company ( £10mln revs V CODE £8.7l)

Brave Bison, the digital media, marketing and technology company, notes recent press speculation and confirms that it has entered into exclusive negotiations to acquire MiniMBA from Centaur Media plc for an enterprise value of £19 million.

 

Strategic Rationale

 

MiniMBA is an eLearning business for marketing professionals. MiniMBA provides MBA-level tuition through an online learning platform to c.6,000 delegates every year, and has trained almost 40,000 professionals since inception. MiniMBA sells directly to marketers, as well as to major brand advertisers looking to train their marketing teams including John Lewis, Tesco, Google, Nestle and Carlsberg.

 

MiniMBA is led by its founder, ex-London Business School marketing professor, Mark Ritson, and CEO Tim Plyming. Mark Ritson is one of the marketing industry's most influential commentators, and has worked as a brand consultant for global clients including LVMH, McKinsey and Baxter.

 

MiniMBA would form the cornerstone of a new eLearning & business intelligence division for Brave Bison. The new division's products will be cross sold to Brave Bison's existing base of over 120 clients, many of which employ alumni of MiniMBA. As part of the Group, MiniMBA would also leverage Brave Bison's expertise in artificial intelligence, digital marketing and technology services, including near-shore hubs for product development.

 

The Acquisition

 

Brave Bison intends to fund the acquisition consideration by way of:

 

§ Existing Group balance sheet cash, totalling £5 million at 31 March 2025 (unaudited)

§ A new Group bank facility of up to £10 million. Letters of support have been received from multiple UK banks

§ A strategic investment of £4 million from MiniMBA founder Mark Ritson who would, on completion, become a Top 5 shareholder

§ A placing of new ordinary Brave Bison shares to existing and new investors

 

In the year ending 31 December 2024, MiniMBA generated net revenue £10.7 million, growth of 5% year-on-year. Should the acquisition complete, MiniMBA would be expected to contribute a minimum of £3.5 million in Adjusted EBITDA, increasing the enlarged Brave Bison pro-forma Adjusted EBITDA by 78% to £8.0 million.

 

80p well and truly broken

Now over 30% up on purchases

The reason for the drop

Investpro

I'm just a bit perplexed that you and him both appears on LSE atthe same time with same very positive messages

Apologies if I'm off the mark

Who is bob?

I certainly thought boggers knew far too much and was probably an insider