Member Info for SmallerThanLife

It is certainly good to see upward momentum in sales and contracts but unfortunately this is matched by a steady downward momentun in share price. Is this company seriously undervalued (as we all hope) or is there something murky behind the scenes that only insiders know about?

Back up to £20 now. Any further to run?

Gaz - thanks for posting the interview link. Very encouraging, I thought. it's nice to listen to someone who seems realistic and isn't trying to talk up a lot of intangibles.

To me the Dynasty investment seems solid and the valuation grounded in reality. Let's hope this company can continue to grow as Tony hopes and expects.

As for SatoshiPay, this type of business is way outside my area so I really have no idea what it might be worth. I'm happy to defer to people like Ragnar who know a lot more about it. But I certainly take a lot of comfort from the fact that the share options are going to be issued at 0.35p. The board would not do this unless they have very high hopes of a significant net asset uplift.

Lastly, I like the fact that Tony is basically setting the clock at 2-3 years to realise maximum value. No new investments and no fund raising during that time. This means that the Board have to be fully focused on getting NAV well above 0.35p during this time so that they can profit from their options. That's a Win/Win for me.

All in all it is very encouraging. I am certainly a buyer below 0.20p.

Yes, the offer is 30p per share. Currently the market is quoted as 28-31, which suggests there is not much expectation of a higher bid coming in. The bid has already been agreed by the Attraqt directors so eventually receiving 30p should be reasonably certain. Therefore there doesn't seem much point in selling for less than 30p in the market especially after transaction costs are factored in.

I really don't know as much about this company as I should. Does anyone know who the major shareholders are - staff, directors, investment funds etc.?

Is this good news for us shareholders? I guess it is. It's a healthy premium to the current share price. Any chance of other bidders appearing?

'The board of directors of Aegean Bidco Limited ("Bidco"), an indirect wholly-owned subsidiary of Crownpeak Holdings, LLC ("Crownpeak"), and the board of directors of Attraqt Group plc ("Attraqt") are pleased to announce that they have reached agreement on the terms of a recommended cash offer to be made by Bidco for the entire issued and to be issued share capital of Attraqt (the "Acquisition").

Under the terms of the Acquisition, each Attraqt Shareholder will be entitled to receive 30 pence in cash per Attraqt share.

The Acquisition values the entire issued and to be issued share capital of Attraqt at approximately £63.2 million.'

There's no problem buying and selling through Charles Stanley. I bought some more yesterday. Trading volumes are going up again now. I hope that a sign that some good news is on the way (although it could also mean bad news is coming!). Good luck to all!

Another RNS came out today. An increasing sales pipeline and lots of future revenue prospects, but nothing too tangible yet. No mention of the cash runway either, but picking through the details of the previous RNS (5 August) I would put this at around 9 months, depending on CapEx, inventory control and debt collection.

I like what this company is doing, but can they deliver on the opportunities that are out there? If they can the shares look cheap at 6.5p; if they can't there will likely be another cash call coming by the end of the year.

I don't make predictions - never have; never will.

You don't really need one with this company JB.

I don't know about ODX, but no way will this be the case for ABDX.

Market cap now £8.9m with £7.6m of cash and it's still a lousy investment.

Absolutely shameless management. We have been taken for mugs time and time again.

I like the sound of this COMSOF acquisition too. It seems about the right size to digest without putting too much strain on the IQGeo's resources and it introduces new markets and new products. Also the new subscription shares are not being placed at a big discount which shows confidence in the company's future.

The results announced today were not over exciting but net cash is now £16.8m against a market cap of £14.5m. Add to this the fact that the company is trading profitably and paying a decent dividend and it looks a good bet.

Basically it's because ABDX is a very poor company that has lurched from one problem to another over the last few years and has made little effort to keep its investors informed. There is no 'master plan' that is artificially holding the SP down whilst the last insiders scramble on board. But, hey ho, what the hell, I've just bought back in at 10.4p just to see what happens. 4th time lucky perhaps!

So there is an agreed cash offer at 350p per share (BidCo) and another prospective bidder (Astorg) still in play. Is that right? Looks good for shareholders.

07 Apr 16:36 0.4937 9,000,000 Buy
Yes, that's interesting. One of the largest trades of the day I think.
What will tomorrow bring ...

They did. Last month. They cancelled the dividend so no payment is due.

That didn't last long. It's quoted 65p-70p this afternoon. I just bought some. I hope this weakness is a good buying opportunity and not a sign that some bad news is on the way. Results due to be reported before the end of April.

The SP has been moving up nicely over the last few weeks - from 110p to 150p today. It's pretty much the only holding in my portfolio that is at a one year high currently. Lots to like in the most recent results. Let's hope it can keep going from here.

Apre - yup, I'm new to posting here and I'll take your advice and move along. But I'm not sure you are going to get much activity on this board if people who have lost money on ABDX (realised or unrealised) are excluded from posting. I hope it works out well for this company but, frankly, I don't think it will.