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Lot's of buying pressure sprung from nowhere in the last half an hour!? Looks good... in profit!
DIGITAL LEARNING MARKETPLACE PLC "DLM" or the "Company") Placing and Issue of Equity DLM (AIM: DLM), is pleased to announce that the Company has raised £102,325.25 (before expenses) through the placing of 51,162,625 new ordinary shares (the "Placing Shares") at 0.20p per share ("the Placing"). In addition, the Company will be issuing 2,500,000 new ordinary shares on the same terms in settlement of fees. The Placing is conditional on admission of the Placing Shares to trading on AIM ("Admission"). Application has been made to the London Stock Exchange for the Placing Shares, which will rank pari passu with all existing ordinary shares, to be admitted to trading on AIM. Admission is expected to become effective and dealings to commence on or around 12 April 2011. Following Admission the number of shares in issue will be 837,971,807 Ordinary shares of 0.05p each. This figure may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the share capital of the Company under the Financial Services Authority's Disclosure and Transparency Rules. Commenting on the transaction, Andy Hasoon, CEO of DLM plc said, "Our primary objective in this Placing was to allow our certified high net worth individuals and sophisticated investors to participate in a funding round that issued new shares and was EIS qualified. We are delighted to have raised over £100,000 via this method, as we are strong believers that AIM companies should work more closely with their private investors, allowing them to participate in such events, so that we can mutually help each other - we access funds from long term investors and they access publicly listed EIS qualified investments." http://www.investegate.co.uk/Article.aspx?id=20120405070031H0333
£20M mcap and about £15M in cash. £5M for the projects? Even with the downturn in Flourspar prices that seems a little harsh...
DIGITAL LEARNING MARKETPLACE PLC ("DLM" or the "Company") Placing Digital Learning Marketplace plc (DLM) is announcing to its shareholders that it is carrying out a Placing to raise cash from Institutions and qualified high net worth individuals via its brokers at 0.20p per ordinary share. Investors are being told that they must have completed the subscription to the placing by 5pm on Thursday 29 March 2012. Investing in DLM is an EIS qualified investment subject to the terms of HMRC Enterprise Investment Scheme (EIS). DLM is further announcing that its new Primary Broker is Northland Capital Partners - Katie Shelton Head of Corporate Broking will be leading future funding rounds on behalf of the company. http://www.northlandcp.co.uk/UK/UK/?page_id=39 Rivington Street Corporate Finance (RSCF) are also retained as brokers to address the various retail and private client investors that the Company has existing relationships with. CEO of RSCF Peter Greensmith is in charge of these relationships. http://www.rivingtonstreetholdings.com/divisions/rscf.html Full details of EIS investments can be found at: http://www.hmrc.gov.uk/eis/ Due to the regulations of EIS investments there has to be a minimum investment of GBP500 up to a maximum of GBP500,000 worth of shares in any one company in any one tax year to qualify. However, from 6 April 2011 relief is at 30 per cent. of the cost of the shares to be set against the individual's Income Tax liability for the tax year in which the investment was made. DLM will use the funds raised for organic growth and to cover acquisition costs. NOMAD approved presentations to qualified investors as defined under the FSA regulations are being conducted during the 27-29(th) March 2012 at the Company's offices at Windsor House, 55/56, St James Street, London, SW1A 1LA or at investors' offices. http://investegate.co.uk/Article.aspx?id=20120327070037H7385
Bulford and his cronies bought in! That should give us some exposure...
http://www.investegate.co.uk/Article.aspx?id=20120215070445H5667 http://www.investegate.co.uk/Article.aspx?id=20120215071522H5711 Good news that the shares have been placed at a slight premium and that directors have taken a few but I cannot see how that amount will last very long! Maybe they are working on another source of funding?
I am very good thanks. The funding ostensibly definitely holding this back atm IMO. I would imagine that the uncertainty is putting a few off and keeping them sitting on the fence. As soon as it is resolved the company will be free to grow. A strategic investor would definitely be the way forward if they can secure it. Happy to hold and see what they can pull out of the bag. The miner I was referring to is FRX. A South African Iron Ore and Manganese miner. Lots of newsflow expected over the coming months and very much off the radar. Have a little gander and let me know what you think. ATB
Hi faz, hope you are well. It was great to see some long awaited uplift here. The company has hit a few more radars now at least. As discussed before the company need to address the funding but once that is done the company is clear to progress. Whether this is done by an issue of equity or by some other means we will have to wait and see :) ATB By the way you interested in miners at all?
Great update. Further proof the company is heading in the right direction. Only thing to sort out going forward now is funding, let's hope it's at a premium to sp again if they go down the road of a placing :) GLA
Not surprising to see some profit taking after such a rise. The trade fair must have made a great impression. Very bright future here IMO and I plan to see the story develop. GL all holders.
Still rising... all buys so far! Looking good
Welcome aboard, for more info have a read through this bb: http://uk.advfn.com/cmn/fbb/thread.php3?id=26720422&from=15 ATB
Five product deals - in the range of S$200,000 to S$300,000 - have also been signed so far. And the MDA expects more deals in the next few years. http://www.channelnewsasia.com/stories/singaporelocalnews/view/1179719/1/.html
SINGAPORE: Games are hardly considered "serious", but there are in actual fact many that don't just serve to entertain. Some are created to educate, train or even simulate. Singapore's recent venture into this sector is bearing fruit, with local developers making a name for themselves globally. Two overseas companies have even set up offices here. In the educational game NewsMaker, you assume the role of a news presenter, with stories to write and bulletins to read. The award-winning teaching tool, designed by local developer EyePower, is now being used by schools in Australia and the United States. Co-Founder and CEO of EyePower, Benson Loo, said NewsMaker has hit 30 states in the US and at least 100 schools in Australia. It has also livened classrooms in Singapore, where more than 50 per cent of the country's primary and secondary institutions have this game. Mr Loo said: "We are trying to make learning an entertaining process. Our products, like Moo-O (a digital puppetry game which involves storytelling) for example, we really transform the way that reading is done, so it is now a very social activity that parents, families and friends can come together and read together and have fun." It is also important not to take "serious" games too seriously. Thomas Lim, director of Inteactive Media & Games at the Media Development Authority (MDA), said: "By serious games, we actually mean games that are not for entertainment. So it can mean games for education, healthcare, corporate training and so forth. "The way we look at the serious games market in Singapore is that we certainly have the competency, plus we have the pedagogy know-how, especially in areas such as education, where we have an advantage in terms of many years of having experimented in schools and institutions of learning." The MDA has set its sights on developing the sector here, having pumped S$6 million to attract overseas collaborations. As a result, two UK companies, Roll7 and PIXELearning, have decided to set up offices here in Singapore. Singapore's official venture into serious games began in 2009, when the industry was still considered rather niche. But over the years, local companies have also gained traction in the mainstream market. This year, the MDA also brought along eight local companies to BETT (formerly known as the British Educational Training and Technology Show) - the biggest trade show for educational technology in the United Kingdom. Mr Lim said: "They (the eight companies) have a variety of product offerings, from those that are meant for autistic children, to corporate training, to healthcare. With this portfolio, we think it is therefore possible for us to start working with our British counterparts, localising them for the European market." Five product deals - in the range of S$200,000 to S$300,000 - have also been signed so far. And the MDA expects more deals in the
"Digital Learning Marketplace , a schools’ software maker formerly known as Intellego, was marked up 62.5 per cent to 0.26p thanks to interest generated at a trade fair." http://www.ft.com/cms/s/0/34928f56-4904-11e1-954a-00144feabdc0.html#axzz1kkYw42BH I did have my suspicions it may have been the trade fair :)
Hoping we see more action Monday :)
Hi sector, welcome aboard. Looks like word is getting around... good luck to you too
Ping!
588k buy I see. Must have been a fill/kill as cannot get that online. Could see another tick up before close if any more pop up.
to be an impressive day. Pretty low volumes but being constantly marked up as no stock floating about.