Member Info for unhooked

Don't worry, there are plenty of opportunities out there. Share prices are well below intrinsic value and what took place at N Brown today will soon happen elsewhere.
I may be wrong but I'm detecting a change in sentiment in UK small cap world. Previously shares were getting hammered on results unless it was a really big earnings beat. Now these shares are so smashed that even half reasonable results are getting rewarded. Sentiment is swinging!
Look for decent but beaten-up small caps yet to receive this boost.

Just a bit! I'm rubbing my eyes - hello N Brown!

Wow, bit of a mass exodus going on here - everybody heading for the door at the same time! Bargain hunters will be arriving soon.

Hi Silverblade, much appreciated, but I'm still not sure I understand what the actual benefit is of distributing EKF's Verici shares in specie, either for EKF or for Verici shareholders. I can't see why it would give a boost to either share. No doubt Mr Mills has his reasons, so perhaps there is some hidden value in untangling the cross-holdings.
Anyway, the AGM is today and it looks like I will end up as involuntary shareholder in a company I hadn't heard of ('till v recently).
Adding in my holding in RENX, it feels like I've really tied myself to the mast of Christopher Mills' galleon... just as it enters rough seas... I know you're in these shares too Silverblade - you may be feeling the same way!

150p to sell? Shocking how brutal market sentiment can be! I went in at 398p a share, just 3 months ago, and am now down over 60%. Why isn't there a queue of buyers seeing value at 150p??

When was the last time anybody looked at Gatemore's extremely flashy website? Top of the blurb is the turnaround they've achieved at Dx Group - not a mention of the current travails at the company or the fact that it's suspended/on the point of being delisted. Just a touch dishonest?
I also see that Gatemore are distressed company turnaround specialists, who often take on debt as well as equity in their targets, the former putting them in pole place if the target company fails (see SENS, a company I follow).
Early on in this saga I thought Gatemore were aligned with the rest of us (shareholders). I'm not so certain of that protection any more. I reckon they'll be cutting a deal... and we won't be in on it.

Interesting. Share price is clawing back some of the early losses - now at around 55p, which is where it was 2 weeks ago. Given today's news I'm actually mildly encouraged by the share price reaction. Perhaps the mid 50's really is the bottom for this share and the only way from here is up.. ? Once these current macro issues have passed (which admittedly could be a while), Made may emerge in an enhanced market position.
That is provided they don't run out of cash in the interim...

Maybe not...

Market for big ticket items like online furniture predictably weak. Although I didn't sell out, macro worries stopped me from topping up on recent weakness.
It does look like Made is outperforming the general market, but will that be enough to stop them running out of money?

We're no relaxed - the muted reaction is because most of us understood the seriousness of the situation and the potential for big losses some time ago.

ONT might well be dragging down the NAV but the buyback will have no effect on the NAV itself, only, theoretically, on the discount to NAV.
Seems clear they don't have much ammo (cash) for a meaningful buyback anyway.

Lol, that conversation would never happen. Well, it might if the prospective investor made the initial approach and DX didn't want the money. If DX made the approach (more likely) there's absolutely no chance of that conversation taking place!

"do they not care about their share price ?" Lol, of course not! just look at the sensational share price decline over any given time period. They don;'t go shopping.
Perhaps you're new to this company. For a few of us older hands, a 50% decline in a matter of days is par for the course I'm afraid.
My advice on Loopup would be to make a mental provision for a 100% loss and you might be surprised on the upside.

Wow, so they've actually commenced the buyback? With what money I wonder? Proceeds from past sales I presume, because I doubt the SUPP portfolio produces a yield... Anyway, if there is spare cash lying around, this is a better use of it than new investments I think.

Sisteract, no I wouldn't write them a cheque, but that's at least partly because I don't know what the heck is actually going on at DX - they're not telling us. In the absence of info, it's only reasonable to assume the v worst.
If I was a potential funder, I'd presumably get full disclosure and - who knows - with all the info to hand and if they are to be believed to be trading well, then I might. As always, it would depend on the price I'm asked to pay versus my expectation of future returns - there are always profits to be made from distressed situations. However, a good price from the funder's point of view by definition means a poor price for existing shareholders.
However it's added up, we the existing shareholders, are pretty screwed, not disagreeing there.

Anyone seen this?
Last updated 9 May 2022:
"The Board of EKF Diagnostics Holdings plc has announced that that it will transfer all of the group's holding in Verici DX plc to shareholders by way of a dividend in specie, subject to shareholder approval at a general meeting to be held on 18 May 2022. The date that the distribution will be made has not been announced yet.
If you wish to vote on the proposals, please let us know by noon on Thursday 12 May 2022."
Are we to receive Verici shares and does anyone know why they are doing this?

Gotta say, great posts. People have clearly done some thinking on this within the confines of the limited info we have. It's an awful situation but at least this is a good forum - not that this will help us get any more money!

Sisteract - what makes you think they can't raise the money?

Yes, good points, it seems they are indeed saving on the annual capex with this purchase. Probably some shared overheads and other synergies too. Market likes it.

My question is will we ever know what the actual issue is or was? Will we find out at the delisting? I mean, we only own the bl**dy company!

They dryly state that we will be effectively delisted in July and still no hint of what the issue is. What arrogance towards us! Telling us they are trading well, just makes it worse. I'm making a mental provision for a 100% loss on this one.