The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
God all the emojis are back. I have followed this since god knows when it morphed out of Sarantel. Nothing has changed it is LTH being shafted by the management. Lots of you say you have averaged down. No you haven’t you placed a bet and lost. Get real, bite the bullet and walk away from this turd. Sanderson is hoping you won’t but a lot of you are just stupid enough to think this is a company with a future. Silly you.
The company has accumulated over £22 million in tax credits over the years. That is what the new shareholders wanted access to and they have got them fairly cheaply. I expect they will reverse another company into Location Sciences and take it into a profitable area of business. LTH will be duly dumped on. Happens all the time on AIM.
With iOS14.5 due this week
Blis now using Geoprove, a new company. Competition for LSAI at last. Had to happen, none of LSAI tech is difficult to implement.
Cash bonus means he hasn't paid for his shares, you have. Same old story!!!!
All they have done is change their solicitors to Throwers & Hamlins. 3 Bunhill Row is their address. Perhaps they are cheaper than their last lot. Why pay £60k a year for non-exec chairman. He does precious little!!!
Looks like they want to get out ASAP. Better to lose a little than a lot.
These institutions are not interested in this company. Peel were stuck with these shares after the share issue they organised for LSAI. If they hadn't taken them, the issue would have flopped and Barclays would have wound them up. They are still losing money, and talking of acquisitions!! which means coming back to shareholders for more cash to enable them to do this. Sounds just like Kennedy, remember when they bought Acconite!!!!!
That's more like it, PH have reduced their holding.
Look at the last annual accounts. The execs are on +£100k/year. The non exec chairman took home £60k, and for doing what???. Then add the pr and lawyers and accountants. They must be losing money hand over fist. The product looks good, but no one wants to pay serious money to employ it. They raised £400k a couple of months ago, must be nearly gone by now.
Product looked interesting, but absolutely no mention of sales. There were 3 questions answered, none relating to financial situation of the company. I cannot believe they did not receive questions of this nature, they chose to ignore them.
DaveWin. The loyalty Card gives them the complete picture, when and where and what they buy, shop at both etc, etc. It is not every phone it's only one's that have the app enabled. Most of the data (which they buy in) comes from the rail delivery group. Just great if Asda or Tesco are near a station!!!! Oh yes they have 9 billion data points some over a year old must be hyper useful. Let's see if Asda/Tesco sign up, at least Slade would have a reason for a RNS.
Combine the data from their loyalty cards. It will tell them far more than who walked past their store. This is a real red herring that Slade has hooked into. No contracts, burning cash, fund raising due, says it all really.
I think you will find that Prox are buying location data from the rail company and then analyzing it to sell it on.