Chris Heminway, Exec-Chair at Time To ACT, explains why now is the right time for the Group to IPO. Watch the video here.
LOTM
It’s a good effort to inform the BoD of your displeasure but the horse has very much bolted.
My fear is that with such a low value placing, and the fact that clearly The Company’s ‘touching distance, of programmatic and therefore scale, is at best, early 2025, the Share Price will fall below the placing price.
The distrust, and ineptitude of The CEO at running the business side, is palpable, and investors have already been burnt very heavily here.
I’m as cheesed off as the rest, bottom drawer for my holding, fortunately I have alot of cash, but rather than buying more, I’ve seen other opportunities elsewhere.
Seems my x2 350K’s buys have now miraculously appeared, now printed at the time they were purchased.
Mm’s doing their very best not suppress this, but word is getting out.
What I particularly like, is the rock steady growth of the Company, 30 year investment time frames from UHNW individuals supporting both the longevity of the Company & growth of the investment.
I was also interested to note that aswell as now being debt free, the 187,500 warrants, exercisable at 3p, expired on 21st December 2023.
The fact that outstanding shares in The Company are 467,775,068 with no future dilution is very relevant.
And another 350K bought at 08.25 not printed…
Fun & games here today, there are a lot of very patient LTH’s that are waiting for value to return here, and have certainly been through the Mill with this.
I found it interesting that in the presentation 6 months ago that Gobind once again referred to the £2 Billion AUM BY 2025.
This again was printed in the recent annual financial report issued via RNS on 30th April 2024, on the 3rd Paragraph.
They must be close to announcing a number of acquisitions, or a few huge acquisitions, to close nearly £1.4 Billion in AUM within the next 7 Months.
I’m expecting significant newsflow here.
Algw won’t be ‘turning over’ £40M, it will be income.
From this point the Company may look at Dividends, and therefore earnings per share.
Then the market can value the Company properly on a number of metrics, PE included.
Then consider the MCap.
My 350K buy at 08.15 has not been printed, so will pop up later as a sell no-doubt!
Great comment at the end from Steve Brown, his knowledge of the area, history & his subject is second to none.
With the amount of skin in the game he has, the £100M of retained value with our recent farm-out, this is certainly a Compelling investment from these levels.
@ PaulFG
I suspect the RNS will be distributed on Tuesday when the market re-opens.
It will be carefully penned announcing the License wins but to also remind the market about our £100M of retained Value.
Other big winners in the SNS area include Deltic Energy, Horizon Energy Partners, Ineos UK SNS, Ocradian Energy, Perenco UK and Neptune Energy.
I’d be interested to know what was in the presentation to The Institutional investors who have provided a further £6.3M.
They’ve not needed to go to the open market to raise funds, and the £550K allocation to retail investors is just a gesture to appease.
Yes, I am confident, I believe Mirriad have built a juggernaut in their domain & are taking a decent market share.
Rathbones & M&G agree, as well as The Directors, and new Investors yet to be Announced.
I’ll buy in the retail offer & decide at what point I determine a ‘free carry’ in the future.
Well, I agree with you that there’s been a big filling of boots across a private table.
However, we play in a game controlled by others, and I tend not to waste energy on my disappointments.
I will however enjoy taking up what I am able, at least as investors prior to the announcement last night, we should also be able to obtain some very cheap tickets.
We knew a raise was coming, but the price has taken us by surprise.
The 10 - 20 bagger has been reduced to 5 -10, with a dose of further patience.
Otherwise everything remains on track, funding is out of the way and massive traction ahead.
I’ll be interested to see what Rathbones have allocated.
Enjoy the bank holiday weekend & switch off for a while.
Like most looking to add further to their positions, they’re holding off whilst the recent traders have boarded.
They’ll gradually get bored and move on, which we are witnessing currently, and the price will gradually be eroded.
Then a slow & steady rise can take place, without big spikes, which only interests, and attracts, the flippers.