Member Info for optimist13

Acuity. Very strong fourth quarter and business outlook very positive.

https://is.gd/JU3F8A

Interview with Directors Talk....worth a listen.

Well.....results out and looking a lot better than the same period last year.

Loss for the period of £859k, which includes a refurbishment cost of £500k which I hadn't factored in, but a lot better than the previous year loss of £2.5m.

With cash of £500k and the promise of positive monthly cash flow over the next 12 months, it would appear that the company have finally turned the corner.

The scenes coming out of Palma are dreadful. The importance of the LNG project for the future of Mozambique cannot be understated and I am sure there will be a concerted effort to clamp down on the insurgency to protect the lives of the local population as well as the staff connected to the project.

Cannot see the news affecting the RTO as whilst the potential contracts from the LNG Project will be important, it is not the mainstay of the company's revenues. Comarco have taken to Twitter again, so I expect further RTO news imminently.

Should be another RNS tomorrow as KCR will be reporting their interim results. Should be some positive news there.

Contract wins coming thick and fast now. Can only see this increasing significantly as more and more companies and organisations are hit with hacks to their systems.

Added a few more today.

The company reported a loss of £2.5m last year which included a significant £1.59m for share-based payment charge which no longer applies. By my estimation, if you also take in to account the £300k of fundraising costs, the results for the current year should look a whole lot better.

With the reduction in overhead costs and directors, we could be looking at losses reducing to £250k to £400k, which will be a vast improvement over prior years.

Hi Kenny, difficult to predict. Just looked back at previous placings in 2019. The company raised about £1.4m at what would now be 10.00p per shares to fund the Apollon investment. So you will probably have a lot of selling around that price, but if Apollon pull a rabbit out of the hat, the shares could quickly be soaked up.

I have decided to give it another year to see how Apollon develops the business and the take up of their various strategies/plans. Could be a very exciting time.

unvrkw - good questions, but other than the amount of shares that will be issue which is stated, it is very difficult to work out how the market will value the company.

The downside is the placing at 5.00p which I believe will probably be churned very quickly if there are buyers. Apollon current investors and directors are getting shares at 6.00p, but they have a lock-in period, so should not be a problem.

For me, it depends on the revenue generation announcements they make once the RTO completes. They are sounding very bullish and with some patent protected products and formulas, could very much surprise to the upside.

I am going to wait until the RTO completes, and if the share price drops to the 7.00p to 8.00p range, I will buy to reduce my average.

The company certainly sounds like it has the potential and if you forget about the current 'three musketeers' who were allegedly running AfriAg, there is probably a good case for investing in Apollon Formularies. All IMHO.

Acuity Risk Mgmt
@acuityrm

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Buys still trickling in...but showing as sells.

It should be seamless, on the 12th it will AfriAg Global and on the 13th it will Apollon Formularies.

A few brokers offer online trading with Aquis. I have an account with Barclays and I can buy/sell online.

It does if you are holding in the 20p to 40p range. DL has diluted this company to oblivion with nothing to show for it. Just pleased that he will no longer be involved.

Don't think it is going to be long before we hear further news giving the success of the IPO.

Price seems to have stabilised now and buy price increasing today.

Extract:

Going forward, the company is looking at potential “third-party sales agreements” for Apollon products in countries such as South Africa and Greece, says Jacobs.

Corporate developments may include ‘up listing’ here in the UK and taking a stock market quote in the US, most likely on the OTC QB.

Jacobs says the company has news flow “coming thick and fast” after the RTO

Yes, basically the RTO of Apollon Formularies is going ahead and the AGM is to approve the transaction and associated placing. The good news is we get a new BOD and hopefully a route to a success.

The bad news is existing shareholders have been heavily diluted so it is going to take quite a while before the share price recovers to anywhere near current holders values.

You don't need to do anything, but on the 13th Aptril the company name will change to Apollon Formularies. Ticker:APOL

https://www.proactiveinvestors.co.uk/companies/news/944824/apollon-formularies-federally-licensed-jamaican-medical-cannabis-specialist-brings-a-scientific-focus-to-the-sector-944824.html

At the half-year, the carrying value of Drumz investment in KCR stood at £767k or 31.5 pence per share.

It KCR deliver the improvements they expected for the half-year then there is every chance the current large discount to NAV will be reduced significantly and the book value should then increase.

Irrespective of what eventually Drumz do with the investment in KCR, they are still sitting on funds from the last placing so it shouldn't be too long before there is a further investment announcement.

From the Corporate Update yesterday:

"Although the LNG project in Mozambique has already formally commenced, there has been a pause caused by Covid and security concerns. The project is expected to restart in earnest in July 2021. Comarco Marine Division is making the necessary preparations in Mombasa and Mozambique with a number of strategic partners to be ready when this happens."

Total have confirmed today that work is resuming on the LNG Project, so it looks like it could be all systems go for Comarco/Agulhas Group.

Good to see the new Agulhas Group Twitter account - AGA_Plc now being used.

https://www.dailysabah.com/business/energy/frances-total-to-resume-insurgency-halted-mozambique-lng-work
Extract:
"French energy giant Total will resume construction at its $20 billion liquefied natural gas (LNG) development in Mozambique after the government increased security, the company said Wednesday."