Member Info for Newuncle

As Gerry would say, he can't control the share price, he is very busy building a business that will scale up from a minnow to a whale.

Even more buying, MMs still sitting on the price...

Once you have eliminated the impossible, whatever remains, however improbable, must be the truth.

Live long and Prosper Jim.

What strange behaviour today by MMs, just seen two large buys of 100k and 60k printed, no sells and the price drops.....is there a larger sell being worked or MMs just being MMs here today and working the SP to suit themselves?

Some buying interest again, wonder which MM will break ranks first?

MRRR there a lot of traders on this so could go either way?

Compulsory acquisition
Further to DeepVerge's announcement on 17 November 2020 that it had received valid acceptances in respect of more than 90% in nominal value of the Modern Water Shares to which the Offer relates, the Company commenced compulsory acquisition proceedings under sections 974-991 of the Companies Act 2006. The Company announces that the compulsory acquisition of all remaining Modern Water Shares has now completed.
Share allotment
The Company has today allotted 3,636,915 New DeepVerge Shares in respect of the Modern Water Shares compulsorily acquired, and application will be made for these shares to be admitted to trading on AIM ("Admission"). Admission is expected to occur at 8.00 a.m. on 20 January 2021.

Hi Trillsg,

Not wanting to rain on your parade so to speak but is the UK even a target market for DVRG's water monitoring business? I don't know if we have any existing systems in place in the UK? As far as I am aware GB has consistently said he will be targeting existing 3,000 installations for retro fitting and consumables?

Stampee, after having made great gains some were always going to sell on the day an RNS landed, they always do as they think next news could be weeks/months away.

PC62,

Actually I am quite keen on the proposed individual subscription based recurring skin care personalised offering, that alone could be a huge game changer here.

dfl,

As a non medical layman my take is that the whole point of "Save the NHS" was to avoid hospitals being overwhelmed in terms of acute nursing beds. Listening to a hospital doctor very recently he was saying that they are at breaking point now in terms bed occupancy and availability and in terms of having enough qualified staff to provide critical care. he was saying when covid sick patient is admitted to critical care they are often in hospital for weeks rather than days so the reality is they can't keep enough beds free to keep admitting patients, hence the recent news that hospitals in Kent are transferring patients as far away as Leeds and Plymouth for them to access critical care beds and treatment. It's pretty basic stuff really capacity of beds/staff v patients requiring weeks of care. That's what Save the NHS means.

BZ welcome to my world, they guy is a total fruitcake.

Bid 34.8 Ask 34.9

Bid 34.5 Ask 35.25

And again

Card Payment

31-Dec There has been a 10% increase in the numbers of cards in circulation, while average transaction values per card for the period was £219, down from the previous monthly average spend per card of £340. Spending levels per card have been volatile over 2H2020, which the Management Team believes is related to the fluctuating Covid lockdown measures. Overall however, the Payment Services business has proved resilient to the implications of Covid containment measures to date, and similarly, the proposed post-Brexit trade deal is not expected to have any material impact on the business.

27-Nov Prepaid Card Products have enjoyed a 20% increase in managed services (cards issued for third parties) with new programs to launch in the New Year, plus an 18% increase in active cards underlined by a 7% growth in average card spend.

30-Oct Growth in Prepaid Card Products has improved from the 2% growth previously reported in August, and similar levels in September, with growth rising to 19% in October. Two managed card programmes have placed further orders for card stock in October which are estimated will translate to a 200% increase in active cards over the coming months. Average daily spending levels, which decreased significantly in August, have recovered to the prior levels through September and Octobe

23-Sep In card payment services, Prepaid Card Products continue to grow slowly with a 2% increase in active customers, however daily spending levels were significantly down at approximately 50% of the daily spending level in July, largely reflected by a significant decrease in the use of cards for cash withdrawals.

11-Aug In card payment services, Prepaid Card Products have been steady with a 2% increase in active customers, with a 50% growth in spend volume across active users.

Nice to see a 200k buy there just now. MMs moving with it.

If you think this is useful I can do the same for other divisions as well?

Please comment if this is any use and I will add the same for Card Payments, Merchant Services and comments by GP on the Group

Just seeing if I can capture where things have been and are currently at for each division, not sure if this will work or not please bear with me as I test postings out:

Payments Division
31-Dec The period 27 November to 23 December 2020 has seen steady performance in the payments division, with GBP:USD FX pair transactions growing 43% in volume, however the company did see a slowdown in incoming EUR deposits of around 18%. Overall, the number of active multicurrency accounts grew by 5% over the past 25 days, and the Company expects the take up rate to increase significantly in the New Year supported by sales and marketing activities.
27-Nov Following on from the launch of the multicurrency account services there has been a modest increase in account opening of 7.5% during the last month, despite the new lockdown conditions. In the period from 24 October 2020 the Company has seen significant improvement in FX and account handle with growth in FX transactions of 237% (mostly driven by GBP to USD swaps). Following on from the 304% growth in October EUR account handle has increased 117% compared to last month and GB account handle which grew by 487% in October has more than doubled, growing 138% in the last four weeks.
30-Oct The payments division, having rolled out multicurrency accounts, has seen improvements in sales through September and October. After the relatively quiet month of August, September saw an increase in Euro handle of 29%, however GBP handle was down 37%. There was however a significant increase in October as clients adopted the new services seeing a month-on-month increase in Euro handle of 304% and an increase in GBP of 487%. 
23-Sep The payments division is pleased to report trading through August with non-card related GBP and EURO activity holding steady through the quiet month of August. We have seen a 25% increase in GBP accounts and 10% increase in Euro accounts. Inbound deposit receipts were similar to July but with fewer outbound payments for GBP account holders. Still growing from a relatively low base the Company will continue to monitor the data closely and develop a more meaningful data set as patterns in growth emerge over the coming months.
11-Aug The payments division is pleased to report improved trading through July, with non-card related GBP and EURO activity improving 118% and 54% respectively. Still growing from a relatively low base the Company will continue to monitor the data closely and develop a more meaningful data set as patterns in growth emerge over the coming months.