The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
“ As a result of our losses and our projected cash needs, the Directors have concluded that substantial doubt exists about the Group and Company's ability to continue as a going concern. Substantial additional capital will be necessary to fund the Group and Company's operations, expand its commercial activities and develop other potential diagnostic related products. The Company plans to seek additional funding through public or private equity offerings, debt financings, other collaborations, strategic alliances and licensing arrangements. The Group and Company may not be able to obtain financing on acceptable terms, or at all, and the Group and Company may not be able to enter into strategic alliances or other arrangements on favorable terms, or at all.”
https://www.londonstockexchange.com/news-article/RENX/half-year-report/16333418
RUA did 10p to 60p to an equity raise at 11p
RENX looks like 10p to 70p to a raise around 10p?
Good luck to the lunatics today. Another accounting lesson.
Currently at $1.26, which is £1.00/2= 50p Equivalent.
50p, and lemons paying 60p here :D
InvestorAce,
I know you are cognitively challenged, so I can never be overly harsh on you. You are also my most profitable indicator, find a company who is desperate for cash, with your good self touting a meteoric rise on their LSE board, go short, and makes considerable cash.
RUA was a belter, maybe the best of the growing list. This might better it though, keep up the good work!
Https://x.com/profitpunditaim/status/1753063743041503439?s=46&t=7qw14tM7x7okrgHwWCfwzw
Profit Pundit Aim said BOIL at 0.14 was a golden ticket. One week later it’s 50% down.
I’ll give him/her one thing, they’re consistent as I expect they’ll be 50% down on this once the lack of cash starts hitting home.
Openheimer,
What hasn’t been noticed by many on this board (or ignored), is that the US price is an ADR repository that represents 2 shares for every ordinary UK share.
In simpler terms, whatever the US price is, you convert that to £, and then divide that figure by 2 to get the corresponding price here.
Many here are overegging the pudding by exactly double by forgetting (ignoring) that simple fact above.
To save you the work, it’s currently trading at $1.28 in the US, which is 101p here, divide that by 2 and you get 50.5p.
This will be sub 20p by Friday close.
When you see the usual names, Ria, InvestorAce, Flava all collecting on a share that has no cash left, as per the interim results, you know a brilliant short is on.
The last time this exact setup appeared was on RUA, the boiler room got that to 60p, before an 11p placing arrived.
For those that have any numerical and accounting sense, we thank you for this phenomenal short opportunity.
By all means, send it higher if you wish, it will only make it more profitable on the way down!
RUA 10p to 60p to 11p
RENX 10p to 70p to 15p?
Https://x.com/oilman_jim/status/1750476681561698328?s=46&t=7qw14tM7x7okrgHwWCfwzw
1/300 of the required levels to be even remotely commercial.
Ouch
PS.
0.40p target
GordonBennett and crew.
On Friday 5th Jan AGL went to 37p in the morning, closed the day at 23p as the crews take their weekend profits.
Exact same will happen here at HE1 at some point in the next few hours.
Another successful trade on the way, one thinks.
Cheers rampers
The regular game of small cap pump and dump chicken, which pump artist sells first, and which one gets holding the baby.
Pass the popcorn, please.
For anyone interested, it is now available online and in app as of this week.
Added some on Spread Bet for the tax free benefits.
Looks to have found a very solid base here before what should be a very rich news period.
Superb RNS
Mercedesman,
“ Another 76m BuyToday 11:02
Weak money getting transferred to institutions on the cheap”
What is this dross you talk. It’s just the other side of the mega sell from last week.
You led many folk here on a merry dance before funding news, please don’t continue to do so.
0.4p might end up being value here, but it may not. Spot lithium is getting annihilated again. Apparently though that didn’t matter when I gave examples of the worlds biggest lithium producers being between 40-70% down this year.
Nothopeful,
I could not agree less with your theory of 'Sell at a price higher than you bought at, isn't that why we all invest'
He fabricates fictional events and targets that he never has any intention of holding to, he simply wants enough 'greater fools' to buy in, which acts as his exit liquidity for his 20% profit.
I post the question to you, regarding your theory. If Gordon Bennett was buying cars from a scrap yard for £150, rolling the mileage back by 100,000 miles, then promoting them on a public forecourt as stunning, well looked after vehicles, with a sale price of £1500, would that also just be a simple case of 'buy low and sell high'?
Of course it wouldn't, that would be lying, cheating, immoral, pond life behaviour.
In your theory, 'well we should just all join in and sell clocked cars also'. No thanks.
Check out the share prices 30 days after GB and his crew have finished their ramp, and often you will see a HUGE retracement, which makes my extreme car sales example actually look quite befitting.
Gordon Bennett,
https://www.lse.co.uk/profiles/gordonbennett1/
Posts in last 30 days: RUA 24
Of course everyone knows you're not in RUA now, you're only ever in for the pump, always long gone when the dump arrives.
Pond life
11p placing, after all the talk of ‘50p by the end of the week’.
So I take it the ‘de-rampers’ were not ‘de-rampers’ at all, they just had the basic ability to read a balance sheet, and the warning from the company regarding losses versus cash flow.
The pond life crew did another job on this share, Gordon Bennett so often the ringleader, but his merry men contribute too.
Hopefully some long termers managed to sell for a profit into the fake pump.
It will be carnage here today
Without sounding like a broken clock, this mornings buyers were obviously just the same traders/rampers who have manipulated this daily for the last 5-10 days.
Hot money, hot money out, new lows created, every time.
Crikey,
You lot are more unhinged than I remember.
I’d be enlightened to see where there is a single lie in any of what I posted. The bulk of it was copy and pasted from a regulatory rns.
Someone should do a study on the correlation between the likelihood of a share price to go down based upon the ferocity in which members of an lse bulletin board will try and remove an objectively negative posts.
I suspect the findings would be quite obvious!
“ The Investor Placing Agreement entered into on 31 March 2023 provided a committed facility of up to £5m and to date the Group has received £2.9m (£2m initial payment and further payments of £0.3m in June, July and November 2023). Further drawdowns are conditional on meeting certain share trading criteria, which are set out in note 6 and were also set out in the Company's circular issued on 24 April 2023 and therefore further drawdowns cannot be considered as guaranteed. The Board is planning for an equity or debt raise in early 2024 to support the growth and development plans of the business and allow the Group to continue to operate as a going concern.”
For reference, Genedrive (GDR) did an identical Riverfort financing deal not long before SAR announced their own Riverfort deal.
GDR’s original reference price was 29p, it now trades at 6p, with the realisation that they can’t even meet draw down requirements, meaning an impending equity raise.
It’s not even something I considered, but it makes the whole GDR/SAR Riverfort situation even more precarious.
Flava,
Haha, fair play. You'll be issuing a TR-1 soon!