Another chunk of delayed announced trades posted
My understanding is (disclaimer: I am no expert) that when there are large orders at a specific price, in this case 7p, the MMs will try and place it and the tactics they employ to do that are often discussed on the BBs.
Phew my 2.5m has gone through at 7p ;)
(I wish)
to fill these bigger orders. I'm not giving them my shares cheaply!!
Some large buys going through. Does the Higgs stake continue to grow?!
Champagne in Mr & Mrs Higgs' household tonight?!
Nice delayed buy trade
Completion of Cov-ID Project
Catenae Innovation PLC (AIM: CTEA), the AIM quoted provider of digital media and technology, is pleased to announce that further to its Cov-ID Project Update of 19 June 2020, the graphic design refinements to the Cov-ID app have now been completed, and the commercial product is now ready to be rolled out across the UK and globally.
Guy Meyer, Interim Chief Executive Officer of Catenae, said: "I am particularly pleased to announce that the Cov-ID app is now market ready, well ahead of schedule. We are receiving enquiries about the app and are in discussions about local and international sales opportunities. The Company looks forward to informing the market of further developments."
This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014. The person who arranged for release of this announcement on behalf of the Company was Guy Meyer, Interim Chief Executive Officer of the Company.
Also this update is to end of March rather than to today
Half-yearly report to 31 March 2020
Catenae Innovation PLC (AIM: CTEA), the AIM quoted provider of digital media and technology, is pleased to announce its half-yearly report for the six months ended 31 March 2020.
Financial overview
· The results for the half year are set out in full below and show a loss of £364,013 (2018: £503,233) with revenues of £19,892 (2018: £68,857).
· Shareholders approved a consolidation of share capital which enabled a fund raise of £153,000 and conversion of £404,250 liabilities to shares resulting in an improved balance sheet with net liability position of £533,840 (2018: £399,980) compared to the year-end position of £727,077.
Operational overview
· Renewal of contract with Southend United Community and Educational Trust for "OnSide", Catenae's centralised management tool specifically developed for sports organisations.
Post period end
· Development of the Cov-ID app, a joint initiative by a consortium of companies led by Z/Yen Group Limited to build a COVID-19 status verification passport.
· Partnership agreement with Newcastle Premier Health Limited, an occupational health and wellness business based in the North East of England, to pilot the Cov-ID app
· Kevin Everett stepped down as Interim Non-executive Chairman
· Appointment of Brian Thompson and John Farthing to the Board as Non-executive Chairman and Chief Financial Officer respectively
· Appointment of Brandon Hill Capital Limited as sole corporate broker
· As at 26 June 2020 the Company had cash balance of just over £1.0m
Guy Meyer, Interim Chief Executive Officer of Catenae, said: "Significant progress has been made during the period under review towards implementing the Group's revised strategy following the corporate restructuring that took place in 2019, and we have seen this momentum continue to date.
"We are delighted that the Cov-ID app that Catenae has developed as its commercial contribution to the consortium led by Z/Yen Group Limited completed the recent pilot trail with our clinical partner, Newcastle Premier Health Limited, as part of their Access Control Programme. The app should shortly be ready to be marketed for the benefit of businesses and organisations as Covid-19 restrictions begin to ease.
"Our recent fundraises have provided us with the funds required to continue to explore further opportunities. We look forward to keeping the market updated with our progress."
Chief Executive's Statement
Business and performance review
Following the successful corporate restructuring and business stabilisation process carried out by the Board in 2019, Catenae was able to focus its efforts on delivering on its new strategy in the six months to 31 March 2020, by innovating its products and exploring new opportunities for growth. This positive momentum has continued post period end, with two new Board
Thanks for sharing loosely and yes agreed very interesting. I am hoping for a better few days for VLS now and a return to an increasing SP now the funding announcements are out and have been digested.
Vste provide the passport the other company conduct the test. The advantage Catenae are likely to have is cost: the premiership testing and passport set up is extremely expensive
M&G now under 5%.
Admittedly from their house broker but good it kept at 16p rather than lowered. Ideally it would be higher of course!
I didn't move quickly enough for this placing then!
Some decent buys going through
There appears to be a delayed 18million share buy. Hopefully they are aware of some positive news!!
I have been overexposed to this company with a pretty large holding that led to a nervous weekend and Monday but much happier now and so have cracked open a beer!
15:38:29 0.1499 1,000,000 1,499 O
15:37:49 0.149 1,000,000 1,490 O
15:34:52 0.148 1,000,000 1,480 O
15:33:40 0.148 1,000,000 1,480 O
15:32:51 0.148 1,000,000 1,480 O
15:31:41 0.14 500,000 700.00 O
15:30:03 0.14 100,000 140.00 O
A few more of those going through at the moment.