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Shame about the financials.

3 weeks held and 30% down. Just another AIMless investment...

Good old market shake, vacumming up weak holders' shares...
Appear to have been a bit early with my recent purchase, lol

Forgive me, not AIM, but feeling like it is...

Seems an appropriate thread title for today too!
Is this another AIM retail stock to go into the value-destroying bucket? Feels like it.

And down another 15% today. Company keeps breaking all-time lows. Remarkable.

...or, investors have simply lost faith... or lost hope.
3p to sell is yet another all-time low and is < 1% of what it was 3 years ago.
What else is there to say? Total value destruction. A dog.

Direct Line swings to a loss today, primarily due to Motor Insurance woes - i.e. effect of cost inflation on repair bills.
Saga writes motor insurance, hence today's drop I guess.

Perhaps not in 2023/24, but few believe SED won't need to raise again... and if it was getting hard to do that in recent months, it's even harder now.
In terms of revenue growth, 40% of next-to-nothing is still next-to-nothing.
That the company can't be bothered to issue an RNS confirming or denying any direct links with SVB is v poor communication and adds to the justification of this morning's 12% drop.
As a holder, I say that with no relish.

Well put. Today's a day for adding or, at the very least, sitting on one's hands...

Contagion from the SVB debacle is dropping the share price.
Be nice to get an RNS telling us if they're any direct links.

Why not? Everybody else has. Poor communications from SED adding to the appalling sp performance.

Per the other board it EAAS has a £5m RCF with SVB.
However, given the news of the HSBC/US Govt bailouts, I reckon this is a non-story and have taken advantage with a little opportunistic top-up.

Presumably not SVB contagion, given news of the bailout...so ?

Maybe, but it dropped enough on Friday and again this morning so far...
Would be nice if they released an RNS confirming or denying facilities like many other companies today.

Per the advfn board, apparently the company has debt facilities with Santander and SVB... which makes sense of Friday's drop.

Good morning SB. I'd say you are in that category. As our operations are mostly over there, I'd expect RENX to have facilities in both countries, but also can't determine whether or with who.
It's an evolving story and another kick in the teeth for pre-profitable companies who are already reeling from rapidly increasing interest rates. If there Is material exposure, it'll soon be RNS'd as you say.

The question has to be asked: would anyone happen to know if SED has deposit or debt facilities with SVB or SVB (UK)?
The share price drop on Friday suggests it might have... or was that just contagion?

The question has to be asked: would any particularly well-informed investor happen to know if RENX has deposit or debt facilities with SVB or SVB (UK)?
The share price drop on Friday suggests it might have, or was that just contagion?

It's all over the place - but look at the market in general. Managed to sell a few in the 130's, now wish I'd sold more.
Resumption of the 'higher for longer' inflation narrative is clearly a downer for unprofitable biotechs and yesterday's SVB banking debacle, while not affecting RENX directly, is having some distorting effects in what they call (ahem) 'duration sensitive assets'. Take a look at growthy investment trust Molton Ventures, who may have facilities with SVB either directly itself or through portfolio companies... having a torrid day.
I've actually been adding to growthy investments recently - betting inflation will get licked soon and we're near the top of interest rates. Oops!
To channel Buffet, when the tide goes out you see who's been swimming naked... and at the moment it's growth investors. I'm not quite naked but I've lost my shirt and am trying to cling onto my pants...