Member Info for MikG

Agreed - this is a nice update. Not sure what sort of news would be up his sleeve that he would withold from the RNS this morning - you'd have to think whatever he had would be put out there in the shop window today. Market still seems to not want to get onboard with this share, and the punishing markdown on zero volume is continuing. I actually thought demonstration of a £1m+ cash position in this morning's update would be seen as positive, and might see a rally, as had thought one or two might have been watching from a far pending clarification that the company was in a decent cash position. Which it is.

Great RNS & what we have been waiting for here. The market makers look like they are planning to gap this down, which in reality is ridiculous based on this news. The shares have been marked down aggressively over this first sale delay, and fallen from late teens down to 12 or so p today on the back of it. The mention of sales being down for the year as the result of the delays is no new news, as all are aware of the delay, and longer term holders have been punished, But the RNS adds the unexpected bonus of telling investors that bottom line for the financial year will not be affected, and will be in line with expectations! Anything other than a blue day here would be a farce.

Hard to disagree as a LTH here, Presto. This is movement in the right direction, nearer to realising value on a partner company, and achieving a stated goal. But as ever, there's a disappointing twist. This time its the dilution of the holding. As per AMP standard, there is related parties galore. I've been re-reading all the recent accounts to try and get more info on this "institutional lender" who supports the debt facility - and find it all extremely vague. What also jumps out is how much MTFB is touted as the value driver and headline partner company for AMP, and yet they deliver their positive Phase 3 trials (on which that whole company depended on) and AMP don't even announce it!! Complete farce of a BoD, and a terrible example of the gluttony on AIM, as they draw down over 1 million a year in director emoluments, all for the privilege of running the SP into the ground, and leaving loyal shareholders in the dark. Great value.

Political ramifications..with the FTSE at all time highs? Not sure on that, but poor day here. News delays will inevitably cause drops with these kinds of shares, as those rainbows won't chase themselves..and in fairness, this is taking its time in seeing those first sales, compared to original expectations.

Good to see this doing well and pushing on post the IC tip. See others berating the BOD for selling prior to the rise, but at last count AMP still had 4.5m or so, so a 50% rise can't be moaned at. It's also not the strangest thing in the world for a couple of large sellers to drag a share price down, only for the MMs to then run that stock up aggressively to offload their acquired shares at a higher margin. A nice share tip in a well read publication is always a decent catalyst to aid that process. Good to see any AMP investment rise, regardless of the holding now vs. the past IMO.

Standard AIM "sophisticated" PI behavior. Somehow, a markdown and the offer of 10% less than you'd have received yesterday is enough to cause a frenzy. Never ceases to amaze me. Expect a couple of nibbles later in the day to bring it back up as they never really offer a lot on these sorts of drops - those who pick them up should be thankful to the uncommunicative BoD for allowing them such cheap bites of the cherry. GL.

Anyone able to help on what the BoD are actually doing here to justify their $1m PER ANNUM emoluments figure (2015)? I mean, a quick scan over the last 12months of RNS' shows a company that seems to report to the market about little other than financing arrangements? If the BoD are just twiddling their thumbs and waiting for MTFB and DT legal case to come good, then why on earth do they warrant such extortionate salaries? If they are doing more than this, can;'t they just update the market on what they are doing? Because I've read about everything in the public domain and still don't have the foggiest as to what they might be doing day to day to earn their pay. Judging by the RNS flow, not a lot. Apparently, MTFB's recent milestone wasn't even deemed newsworthy.

:) Have a good Christmas and New Years break

Ha! You've clearly spoke to my wife.. !! :) Not wanting to sound bearish on AMP as I think its a compelling buy from here, but i'll have to agree to disagree with you on this one. I'll leave the discussion for now before I get touted as a de-ramper by others - on a share I hold and am positive about! All indicators thus far on the case have been positive, hence its a good spot to be optimistic. Good to see the rise today. ATB.

Fair point - and perhaps I should have been clearer. Absolutely agree that in terms of where we are now, this is priced for failure and none of the upside potential is remotely near being priced in or reflected at this market cap. However, if you've been in this share a little while, like myself, or any way you look at it - for a company to have poured millions after millions into an endavour, and for that to then to deliver an unfavourable outcome and no reward in lieu of the costs, I would call that a disaster. IMO only of course.

AMP have been offloading KMK, and no doubt suppressing their SP in the process. I think a controlled disposal, selling into any strength, seems to be a good strategy for coming out of the holding. Absolutely agreed on what you say re the Markman Hearing. It really is pivotal for this co. when you consider AMP/Datatern has been a sponge for expenses, and the case will be the bulk of the reason the company/consolidated liabilities are so high. An unfavourable outcome would be an utter disaster, and you'd have to question the decision-making of the BOD to throw so much money at it. Hopefully all goes well and the company can re-rate on the news, and settle at a figure that will likely be vastly in excess of the costs incurred to date, and would make a mockery of the current market cap. As others have noted, it really is an odd move that the board don't consider announcement of a 22% stake in a Nasdaq listed, Phase 3 partner company to be RNS-worthy. Either that or their incredibly relaxed and wound down for Christmas already! GL.

How about the company actually releases something tangible & value enhancing, rather than just remind us of their continued gluttony whilst decimating shareholders to the tune of -50% for the year to date? Seriously. The strike prices are a farce, and show nothing to demonstrate that a BoD clearly in need of incentivisation is going to be incentivised! Every time I see there's a Director Shareholding RNS I presume it will be directors showing some faith by stumping up some cash out of their exorbitant emoluments* to actually buy some of these on the open market. But I guess, why bother when they can just reward themselves for failure and all time lows for free, eh? *Exorbitant emoluments that were to the tune of over $1m for 2015...versus a market cap here of $5m. Criminal.

Says it all here..anyone with an ounce of sense will look past the blind ramping & will be able to determine fair value for themselves. Now trading at a massive discount to (dollar denominated) Net Asset Value, with the upcoming Markman hearing outcome to follow - none of which has been baked into that NAV yet has been the contributor for much of the liabilities incurred in recent reporting periods, What is exactly being priced in here, other than virtually failure and zero return of virtually everything this company holds? How this is not on the radar for more people, and doesn't attract new money with these incessant drops, I'll never know.

2.2m buy...

Unfortunately (as evident by where the share price sits today ) this is far more readily marked down than up. For a share supposedly linked to MTFB movements, it is now under half the price it was before MTFB IPO'd! (MTFB IPO price 20p, recently beaten down price today 40p or thereabouts). Seems quite a few of us on this BB are supporting the price with buying at these levels, myself included, but I'm all bought out for now sat on around a million of these frustrating buggers. Time for others to realise the potential here, such as imminent MTFB IPO & next year pivotal Phase 3 results, markman hearing outcome v near term, USD/GBP deval impacting NAV, KMK progress etc etc etc..

Hilarious here. Looking like this is being gapped down at open to 2.75 ask (CFEP of course), taking it below the key 2.875 support it closed on yest.

Commentator's curse Jim...! Had also thought it had done remarkably well to that point..15% not too bad all things considered given this has often been more elastic than MTFB

Thanks for sharing Jimbo. If the AMP case follows those other examples then hopefully we will hear soon. GL

Anyone here with any sort of informed or reasoned idea of when we may hear news on the Markman hearing that was approx one month ago? Hoping for an imminent catalyst to break the monotony here of buy = increase ask spread = close ask spread = buy...rinse/repeat for what feels like months.

Standard book flip (negatively) on NET BUYS. Really testing share, but confident that despite the MM nonsense this will come good..