Member Info for Muck165

There were prints after hours reflecting two large trades near close, but they didn’t move the book at all. The only impact I noticed was a volume limit put on dummy sales. Thats a big positive, reflecting sentiment.

Throughout the day it’s seemed obvious to me that the MM’s were carefully managing the book whilst an accumulation is in play, and I think it far more likely that those larger sells were in fact really just the MM’s managing their inventory position.

There are clearly people desperate to get in here, and at volume. And the more they want, the more they have to pay.

For my money that’s likely people with a bit more of an inside track than us mere retail.

Follow the money. I have. Just waiting for fireworks.

And to note, that buy was at 0.0945p, near full ask at the time and the highest buy price all day.

17m buy £16k. The latest of some large buys. All points to accumulation here before news.

Well, now we know the price ticked up on a sell earlier. Delayed print from 10.02 for 12m shares at 0.0875 just printed. Looking extremely bullish here

Also very encouraging to see any sellers haven’t immediately taken the new 0.008 bid.

We had a sale of nearly 1.3m shares at 10.02. Very strange indeed then to see that the immediate impact of it was an increase in the quoted bid/ask, and not a fall! There is accumulation and strength in this book in my view.

Well, we closed (having bounced off a rising 50DMA) at our highest level since March and, supported by frequent and sustained auction bids, above what has proven stubborn resistance at 0.08p. That, coupled with a strong closing VWAP and a rising RSI all suggests to me that sellers at 0.08 may have cleared, new buyers are comfortable chasing higher prices, and sentiment is shifting from consolidation to expansion. In other words, a technical breakout maybe on the cards.

But then add in the business itself. CIQ is in a really great space as adtech moves from general site traffic to connected tv/video. Old methods of targeting like cookies are being phased out as we become more privacy focussed, and so contextualised targeting is the new way. This is all demonstrated by recent Halley pointers to pieces by the big boys like Tradedesk, Amazon, Roku etc. And of course it’s the younger generation who have grown up with connected devices that are now the “buying” population.

And then the commercials. We know we’ve spent 6 months on successful trial campaigns and it would appear are now poised to sign deals with multiple major agencies. The revenue will be nice, but it’s the validation of CIQ as a solution that really counts.

And then the CEO. Unpaid, remunerated solely on SP performance, clever guy, right sided the business, changed strategic focus to capture trends through AI, and forged relationships with expert engineering teams like Koneqt (with their founder investing heavily in us).

And finally the financials - costs massively reduced and, so we are told, GDM currently profitable with Yentra expected to be from the outset. Fully funded to drive CIQ adoption (secured by way of subscriptions not placing), all legacy balance sheet issues dealt with, and little debt except the Keith CLN (if I recall correctly). There is a warrant ladder in place, initially exercisable at 0.009, but that only further incentivises growth.

Im glad I’m loaded up. I believe Halley when he teases us with deals and future performance expectations - the only fly in the ointment will be if he doesn’t update the mkt soon with details of them.

Another interesting extended auction at close, with a final vwap of 0.0796 and. UT at 0.00865. In my honest opinion the book is a coiled spring and prime for breakout, with or without news.

Well, the last auction was interesting.

Immediate offer to buy 312500 shares at 0.0865p, which remained the only buy offer throughout.

First a sell offer of 312497 came in at 0.0865p

That was quickly followed by an offer to sell 312,000 at 0.0084p

Immediately after, the 312497 offer dropped to 0.0835

And immediately after that the 312000 went to 0.0082 and the 312497 vanished.

The auction was extended - 20 mins rather than 10, and resulted in no UT. This is despite a buyer offering to pay 0.00865 and a seller wishing to sell at 0.0082.

I am going to stick my neck out here - this reeks of suppression of the offer potentially to obstruct a breakout and allow stock accumulation at lower prices for "those in the know" before news is released. May be utter tosh, but the whole thing was very odd.

No expert, but it looks to me like any sell side liquidity is drying up - they will take all I have and we've moved up on light trading.

Product validation demonstrated by commercial contracts seems a sniff away, and that could well position us as a potentially integral part of the CTV/Video adtech space which anyone, even with basic research, will see is the key trend at the moment.

Thanks, but what I was wondering is whether or not your views have changed either way given you can now see what we have (or at least a sample)

What would be your rough estimate of value ASI

Photos here for ease

https://www.rns-pdf.londonstockexchange.com/rns/9005Q_1-2025-7-14.pdf

Yep, and give real credibility to the product for wider roll out/scale.

In the May corporate update Halley said we were talking to agencies, who may potentially want to incorporate CIQ into their own proprietary tech stack. From what I can see, it’s only the major industry agencies like WPP, Omnicom, Publicis, IPG, Dentsu that have their own stack.

So if what Halley said is true (no reason to think not), then the agencies we’re confirming deals with are likely to be the big players

And lest we forget Halleys tweet a few weeks ago

“ Trading updates will show you the results”

A pretty bullish thing to say, and stupid if without foundation. DH is definitely not stupid.

Scaleability is a key thing for me. As it stands it looks to me that over the last 2 quarters we’ve successfully trialled this across some campaigns run by large agencies, with those agencies now primed to agree full commercial deals. The fact they look to be agreeing deals means they like the product, and if they adopt it and it can scale then wider roll out should have less headwinds.

Agencies will see it works, has been adopted, and will want in. This is particularly so if we’ve trialled it with recognised players.

At least I hope!

I’d wondered if we’d get one too given we did for the last2 years.

But then we didn’t get any TU in Q1 prior to the interims, as we had in previous years, so I’m not holding my breath.

ABDX have had a habit of putting great news out quickly, but staying quiet when things aren’t so sweet. So the longer we hear nothing, the more nervous I feel. And the more constant “case studies” they’re doing at the moment give me the feeling that they’re trying to cushion the blow.

So I don’t think FY figures will be great. Current year is already looking a different kettle of fish though given contracts already announced.

ABDX seem keen to post case studies at the mo - this one from today is I am sure about Zoetis.

https://www.abingdonhealth.com/case-study-leading-global-animal-health-organisation/