Member Info for ShearClass

Top sleuthing oldtramp, that sounds very promising indeed. First mover advantage playing a crucial role again for ENGAGE, why would Daegu ever change metaverse provider once they’ve set everything up?

I’d like to see them release more RNS’s, but I also understand it’s far better for them to keep things under the radar from a competitive point of view. Once they’ve got unstoppable momentum they can ramp up the PR.

You could accuse every start up of being a long term gamble, no company would ever get off the ground if everyone took that attitude though.

Todays news is huge & I note that it comes the day after British Volt received official confirmation from the UK transformation fund for >£100m of grant funding, this may have been the green light AMTE had been waiting for.

Hats off to them, that's an excellent RNS. I've bought back in after watching the long slide since IPO high's of £3.30, with Scottish government backing it becomes a much more exciting proposition as they do love a national champion...

Where does it say they are likely to recover the money??

It’s 12% down on £7k of selling volume… it’s not worth looking at the share price until the first results are announced, then we may see some volume and a rapid recovery.

Paul Jourdan has gone way down in my estimations after he talked RENX up for 2 years at share prices of £4-12 and then dumped his whole stake at £1.50 without any explanation. When I saw the big dumps yesterday / Monday I thought of Amati straight away, are they reducing their stake?

It's the 1p exercise price I have a real issue with, why not the current share price?

Fairly simple explanation here I think.

2021 full year adjusted EBITDA was -£16.4m, cash burn was -£20m

2022 half year results announced on Thursday had doubled adjusted EBITDA losses to -£15m, so the assumption has to be cash burn was -£18-20m

Cash at year end of 31/12 was £43m

So based on the half year burn rate they have ~£25m left

That equates to 6-12 months runway, so looks like a capital raise soon and it’s not a good time to be raising capital.

Hence the share price is de-rating in anticipation.

Very good article & solid mention for Ondo. I think the lack of interest is indicative of AIM at the moment, too many investors only want to buy something that is already popular or they don’t want to take any risk at all.

Zebbo, you can’t get a technical bounce if there are still large parties exchanging shares, the technical bounce will occur after they are finished &. TR1’s are released.

Hi Bermondsey,

I use sharepad as it has historical data going back years.

Still being held this morning via a false spread, walking down of buy prices & NT when the price is dropped, I.e you can’t buy 1k shares at present.

It all points to market makers knowing the current price is oversold so wanting to collect shares from inpatient PI’s which they’ll sell back over the coming weeks.

"Another what I thought was good informative RNS and we drop to an all time low."

This is where private investors run into so many problems. For a company with a market cap of ~£140m the level of disclosure in that trading update is appalling.

- They've fixed a price for the rest of the year but don't say what it is
- There is no disclosure around production costs
- There is no disclosure of current cash balances
- There is no explanation of how 40k clean tons per month from Aug fits with 110k of train capacity, or whether this production is even subject to offtake?

All in all it reads the an RNS from a £10m tiddler.

The financials to 31/03 will provide some more clues but you have to assume that if things were going fantastically well then they would be quoting some figures...

It’s definitely been held - as long as there is a buyer & seller exchanging millions of shares it’ll be held there, as that’s the market price. Clearly though the buyer is getting a volume discount & the seller is getting punished for offloading a large quality of an illiquid share, so once complete this will recover significantly in my opinion.

There were 33m shares traded Tues - Fri last week, that’s more than in the whole of 2021 put together & by far the greatest weekly volume in the 6 years HOTC has been listed. Interesting to see what happens to volume over the coming week.

Wow, can’t say I’ve ever seen a trade that size go through the order book at such a discount… is this going bust?

The share price is being very carefully managed today, it's now NT for 1k shares at 136p, maybe not a surprise after the 1.86m & 250k buys at 135p. It's clearly being held so big parties can conclude their business.

Worth bearing in mind that the 1.86m represents some 1.35% of share capital, excluding the 54.2% owned by the 2 founders it's 3% of the available float...

It's at an all time low so no obvious support, I'd also note that the 1 year anniversary of the IPO was 19th July, so it's more than possible the plunge this week has been due to a lockup expiring...

Two things I noted here;

- On 12 May REVB announced a change of CFO, with the incumbent leaving at the end of July. When this was announced the share price was 118p, today it sits at 52p... To me that is suspect and suggests that something unsavoury may be lurking?

- Elf Beauty is listed as a comparable peer in latest Zeus note, on 12th May their share price was $22, today it stands at $34. So in a period where REVB are down 55%, Elf are up 55%...

FWIW Elf have 2023 forecasts of $439m revenue and $61m PBT and are valued at $1.8b

REVB have 2023 forecasts of $283m and $12m PBT and are valued at $193m

Based on that simple comp, either Elf are overvalued or REVB are undervalued. I'd also say it's highly unlikely the share price falls much lower UNLESS there is a financial issue disclosed in the 4th August results.

I'll wait and see what the results look like before taking the plunge.

You have to look back at the old TR1's for ARBDN / Standard Life to get an idea of what has happened here;

Their last TR1 to the market was in July 2018 for 7.05% of shares in issue, which at the time was a total of 7,955,623

Today's RNS declares a holding at 20/07 of 7,621,765 or 5.55%

The Hotel Chocolat website meanwhile have ABRDN at 8.2% as of 30/06/22, which would have been equivalent to 11,279,683 shares

So it's a tad confusing... my guess is that ABRDN bought shares in the March 20 & July 21 placings to maintain their ownership and possibly even increase it to 8.2%, but they haven't been bothered to submit an updated TR1.

On balance I suspect they've actually gone from 8.2% to 5.5%, as HOTC would get their information from refinitiv / bloomberg which is a lot more reliable than the TR1 system...

If that is the case then they've sold ~3.6m shares at the all time low - great work lads!

AAQUA bought their initial holding of 1.5m shares from Nick Candy on 15/02/2021 when the share price closed at £3.80. They then added significantly over the next 15 months to reach a max total of 2.95m on 8th June.They are now down to 1.882m shares, so still a lot left to potentially dispose of.

They are still in profit by ~£4.5m on the 1.5m bought from Candy, so if they are cashing in then I'd expect the aggressive decline to continue - every 10k shares sold nets then ~£30k of realised profit.

Could be a nice overhang play if it gets back to the £3/4 levels.

I doubt it'll go anywhere for a few days, traders exiting and institutional buyers / sellers tidying up their ownership will ensure it'll stick here for a bit. A retest of the 113 low wouldn't surprise me, medium term I think the 110-130 range will prove a really good entry point IMO.