Adrian Hargrave, CEO of SEEEN, explains how the new funds will accelerate customer growth Watch the video here.
wel this aged well !
"Surprised you shareholders aren't getting together and making some sort of threat to remove PF or make a stance at the agm, it's historically been a good time to get a feelgood factor pump going from the bod, just so that the agm goes nicely nicely"
Sarcastic much ? Maybe I should have stuck with this idea but bought back this morning for my sins
Aiming, no I am out, I posted this here on 19/5, maybe you missed it due to all the pump on twitter:
"ftr I am now fully out at a loss on this trade, the lack of mention of current cash, avoiding the request for such information at the recent presentation, and the big numbers floating around presently just indicate to me one thing, and I'd be a fool to ignore the signs
GLA, it might rise more in the meantime"
Surprised you shareholders aren't getting together and making some sort of threat to remove PF or make a stance at the agm, it's historically been a good way to get a feelgood factor pump going from the bod, just so that the agm goes nicely nicely
That's great Ian, could you ask if any of those 50 twitter members managed to get Pete or the FD to tell them the current cash balance please. Several people tried to ask on the recent webinar but for some reason those questions were 'lost' and therefore unanswered. I mean surely it's not too much to ask for Pete/FD to have given that info out in either the trading update or the webinar ? The last indication we have is £2.1m as the end of December 2020
hmm my main takeaway from the results was this:
"The Board remains open to further expanding the Group through quality acquisitions and the acquisition of rights to product"
and:
"Currently discussions are taking place with potential vendors of their businesses, any of which, if terms can be agreed and the businesses satisfy the due diligence process, would positively benefit the Group."
And my immediate reaction was how could they make a substantial acquisition with nett cash of only £1m ? I guess they could utilise the £2.5m overdraft facility which was put in place through the year but that moves the company into a nett debt situation, not ideal.
I'm interested but I have doubts
You say "money is not an issue", the recent warrant exercises gives them about £0.5m to play with but these will only pay the monthly wage & expense bill in the meantime ? Surely some reason for the recent drop and I'm hearing that placing prices are being deeply discounted right now ala rbg & staf. I'm an avoid until I hear of a 'no reason'
be very careful of rampers here, and don't let confirmation bias cloud your decision. Compare how much the upside could be and conversely the downside, how much risk is the downside to your finances ?
That would be my advice as a non holder (but nonentheless interested observer anyway)
That would be very poor form and hint at desperation imo, I for one wouldn't touch with a barge pole on that basis.
Personally I can see a small raise tbh to keep the lights on as it wouldn't take much to keep going if they envisage a contract in the near term. You could also be right with Riverfort selling atm as I just can't see private investors shifting these amounts
ftr I am now fully out at a loss on this trade, the lack of mention of current cash, avoiding the request for such information at the recent presentation, and the big numbers floating around presently just indicate to me one thing, and I'd be a fool to ignore the signs
GLA, it might rise more in the meantime
Misty/Jimzi, yep fair call tbf
Yes I've been pretty cynical in the distant past agreed, I'm back in the hope category as it stands while sp is this low and in at mid 6 and 4, just happens I've seen a few companies turn it around evetually I just wonder (wish) if these actually can and now they have Tema they might just stand a fighting chance. With a recovering Lunghi I reckon one more airport even at a low margin could just swing it cash flow positive (big IF however of course)