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A new refinancing will be a choice between getting Venus to pony up more cash, a CLN or a bucket shop placing.
Any share issuewill be dilutive as I suspect AZ won’t be able to find cash for his 22% stake.
Ornamental
Mate you have a shocker here.
AAC Cyroma sales for the 18 months ended 30 September were £5 million up from £3 million for the year ended 31 March 2021.
So after adjusting 12 months to 18 months the increase is far smaller and the year to 31 March 2021 would have impacted by COVID lockdowns.
Another exit, this time above last valuation by significant amount.
BP Marsh remains undervalued.
The rampers who keep citing AAC Cyroma sale at £4 million ignore the £5 million Innovate loan plus other debt when they come up with VRS is a bargain ramps.
I also doubt that AAC Cyroma will generate £4 million. Why because it is loss making and VRS directors wrote off goodwill associated with the business because they couldn’t justify any value over net assets which are £500.000.
Jay
Your shares still exist but you can’t trade them unless if you fund a buyer or seller and can agree on a price.
Also as a private company you will only get information they want to give you and the minimum would be statutory accounts for a private company once a year.
Maidit
You’re missing the Linton Capital convertible of £750,000 and £750,000 convertible from EHGOS which is another £1.5 million of shares to dump. Linton has now started to offload. There will a lot more confetti to issue yet.
Newgrange
Mr Market isn’t as naive as you.
RegTech RNS shows just how strapped for cash the Zamboni empire is as he has short changed them on cash as well.
Both SYME and RTOP will need to sort out external funding before year end accountsare signed off in my view.
Peterkel
TW highlighted that TAG last accounts showed it was technically insolvent and now it hasn’t paid on time for 2nd time on £2 million debtor or on working capital facility.
SYME is going to have to undertake a discounted placing very soon.
G
A shares and funds account is a trading account without ISA tax wrapper around it so income and gains or losses are taxable.
Paitech
An ISA can’t hold unlisted shares and for a SIPP it depends on SIPP administrator rules so you speak to the SIPP provider.
For ISA you can either sell share in ISA and keep the cash in ISA or get shares in unlisted Tintra shares outside ISA.
John Gunn has had a dream of developing the Sterling Engine technology for over a decade via Inspirit which came to the AIM market in July 2013 listed by David Lenigas the Aussie share promoter.
It brought the technology from back in 2006 which was listed on Canada’s TSX and went bust where John Gunn was also a Director.
Its imho a pipe dream that Gunn keeps alive by endless placings all supported by positive announcements that never come to anything.
Rob S
AAC Cyroma made a loss of £261,000 in last 18 months. It had net assets of around £557,000 (of which is £463,000 is debt owed by Versarien group). Revenue for 18 months was £5 million.
You are saying someone will pay 1.5 times yearly revenue or £5 million.
Seems expensive to me but time will tell.
I suspect you might be disappointed.
Shorthater
It’s Versarien Plc no Systems
Poor quality attempted ramp
With both EHGSOF and Linton Capital both dumping shares the immediate future doesn’t look that positive.
Amanda continues to deliver for shareholders easily the best CEO Aviva have had for some time.
It sounds like she continues to deliver on efficiency gains within the retained businesses.
Q4 should see cash from Singapore business exit arrive.
My primary concern on Aviva is what happens when Amanda calls it a day.
Good news that BPM is out of LEBC as I had feared they were going to go bust because of pension misselling liabilities.
It’s their only majority shareholders and it was the longest duration holding and was it looking to me like they might never get out.
Recovery of equity investment at last valuation and loan will give more cash to newer ideas.
Peterkel
The first article is 8 years old and second relates to using false information. Also the FCA are well aware who TW is as he writes to then asking them to act.
The real reason why some shares do badly over longer periods of time is simply, lack of delivery by managers.
You can write any types of negative articles but if figures every six months so strong growth then the share price will respond.
SYME hasn’t delivered even remotely close to its promises.
You and Savvy dream up theories of elaborate and complex scams and ignore the simple facts.
figtree harry
you are ignoring the £5 million innovate loan and the £1.9 million bank loan in your buy vrs for £1 million and it’s a deal, it’s a steal, it’s sale of the ******* century calculations.
factor in the ongoing losses and suddenly its not such a bargain after all.
Jonah
Get back to your payroll duties.