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SEV Servision

0.85
0.00 (0.00%)
28 Mar 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Servision LSE:SEV London Ordinary Share GB00B0586C20 ORD 1P
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.00% 0.85 0.00 00:00:00
Bid Price Offer Price High Price Low Price Open Price
0.70 1.00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
  -
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 0.85 GBX

Servision (SEV) Latest News

Real-Time news about Servision (London Stock Exchange): 0 recent articles

Servision (SEV) Discussions and Chat

Servision Forums and Chat

Date Time Title Posts
13/3/201812:30SERVISION - Huge Potential with new Recurring Revenue!!!211
22/2/201712:49nice buying pressure21
05/4/201623:13Servision - The picture is clearer now417
01/12/201511:22A new beginning240
02/5/200709:54Servision - Be Careful.....50

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Servision (SEV) Most Recent Trades

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Trade Time Trade Price Trade Size Trade Value Trade Type

Servision (SEV) Top Chat Posts

Top Posts
Posted at 20/2/2018 12:15 by euclid5
remember this rns

SerVision AIM: (SEV), a leader in mobile live video streaming over wireless and cellular networks, is pleased to announce that it has secured $2 million of new capital from Cascade SVP, LLC ("Cascade"), a US based investment fund (the "Subscription"). Cascade has agreed to subscribe for 14,089,084 ordinary shares of 1p each in the capital of the Company (the "Subscription Shares") at a price of approximately 11.4 pence per Subscription Share ("Issue Price"), which is a significant premium to the closing mid-market price on 21 February 2017 and which values the Company at approximately £14.4 million.



___ ________________________________________________________________

Now we have this

As announced on 13 February 2018, the Company was required to raise further finance in the near term or face having to convert some of the existing debt into equity. Unfortunately, the positive conversations regarding a loan and equity investment that were ongoing at that time have not yet concluded. The Company was not able to convert some of the existing debt into equity as the conversion price is below the nominal value of the Company's shares and therefore a shareholder meeting would be required to approve a capital reorganisation and also due to the Company's financial position, it would not be in the best interests of the creditor. Whilst those and other conversations are continuing as the Board takes advice on the options available to the Company, there is currently no immediate prospect of any new capital.



Since the Company is currently in default on at least one of its loans and any refinancing will take some time and will require the agreement of the Company's lenders, the Company has requested an immediate suspension to the trading on AIM of its shares pending clarification of its financial position.
Posted at 20/2/2018 12:02 by tomboyb
Looking at the last RNS I wonder what made them decide to bring out this RNS -

New investor decided not to invest or so at a significantly lower level -

Cascade who paid over 11p don't agree -

CEO wishes to pick up the tech for a song?

Debt could be converted to equity but price not agreed?

Quite a few questions and forum busier at the LSE -
Posted at 19/3/2017 20:20 by ifaze
Pizza Man on Shareprophets complaining today about lack of disclosure of Major shareholders.
Sure, the web site is ages out of date in this regard but we have had this in a recent RNS:
Major shareholdings

Following the issue of the New Ordinary Shares, Cascade will have a beneficial interest in 7,044,542 ordinary shares of 1 pence each in the Company ("Ordinary Shares") representing 5.3 per cent. of the enlarged share capital of the Company.

Further to the announcements of 22 February 2017 and 23 February 2017, Gidon Tahan (Chairman and CEO of the Company) continues to retain full ownership over, and the voting rights to, 9,857,881 Ordinary Shares representing 7.37 per cent. of the enlarged share capital of the Company.

Further to the announcements of 22 February 2017 and 23 February 2017 the Company confirms that, following the issue of the New Ordinary Shares to Cascade, the guarantee provided by Gidon Tahan to Cascade will only result in an obligation to transfer shares to Cascade in the event that the Company fails to issue to Cascade the second tranche of new Ordinary Shares in accordance with the terms of its subscription agreement. The Company believes that such circumstances are extremely unlikely. The guarantee will cease on the issue of the second tranche of subscription shares to Cascade.

Total voting rights

Following Admission of the New Ordinary Shares, the Company's issued ordinary share capital will consist of 133,846,293 Ordinary Shares with one voting right per share. The Company does not hold any Ordinary Shares in treasury. Therefore, the total number of Ordinary Shares and voting rights in the Company will be 133,846,293. This figure may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the share capital of the Company.
Posted at 01/3/2017 11:48 by the stigologist
Servision – come on Nomad Allenby, the silence is deafening
Published 2 days ago

AIM-listed Servision (SEV) has some questions to answer. I hope it is currently answering them to its Nomad Allenby Capital and that we will have a statement shortly. Having announced a funding deal with US-based Cascade (which has nothing to do with Bill Gates) which seemed way too good to be true – at over 400% of the previously prevailing share price – backed by a personal guarantee from chairman and CEO Gidon Tahan, the nature of that guarantee became rather murky on Friday when it emerged after-hours that he had put up his entire shareholding as security. On what terms?
Posted at 28/2/2017 12:41 by ihavenoclue
cautoussid
22 Feb '17 - 11:57 - 84 of 123 0 0

NICE BUYING PRESSURE AGAIN ,
ARE SOME THINKING OF BUYING NOW IF MORE OF A MOVE UP WITH SHARE PRICE THIS AFTERNOON

cautoussid
22 Feb '17 - 11:58 - 85 of 123 0 0

6,50 PAID , WILL A MOVE UP TO 7 BE SEEN THIS TIME

cautoussid
22 Feb '17 - 12:02 - 87 of 123 0 0

at 7p may see more sellers cleared like to see this at each level

====================

Congratulations on working out where the Caps Lock button was ;)
Posted at 22/2/2017 11:33 by cautoussid
SerVision AIM: (SEV), a leader in mobile live video streaming over wireless and cellular networks, is pleased to announce that it has secured $2 million of new capital from Cascade SVP, LLC ("Cascade"), a US based investment fund (the "Subscription"). Cascade has agreed to subscribe for 14,089,084 ordinary shares of 1p each in the capital of the Company (the "Subscription Shares") at a price of approximately 11.4 pence per Subscription Share ("Issue Price"), which is a significant premium to the closing mid-market price on 21 February 2017 and which values the Company at approximately £14.4 million.
Posted at 22/2/2017 11:12 by cautoussid
bought some more shares , did not expect to get buying again at this share price
Posted at 22/2/2017 09:56 by sh1984
SerVision AIM: (SEV), a leader in mobile live video streaming over wireless and cellular networks, is pleased to announce that it has secured $2 million of new capital from Cascade SVP, LLC ("Cascade"), a US based investment fund the "Subscription". Cascade has agreed to subscribe for 14,089,084 ordinary shares of 1p each in the capital of the Company (the "Subscription Shares") at a price of approximately 11.4 pence per Subscription Share ("Issue Price"), which is a significant premium to the closing mid-market price on 21 February 2017 and which values the Company at approximately £14.4 million.
Posted at 22/2/2017 09:55 by sh1984
SerVision AIM: (SEV), a leader in mobile live video streaming over wireless and cellular networks, is pleased to announce that it has secured $2 million of new capital from Cascade SVP, LLC ("Cascade"), a US based investment fund (the "Subscription"). Cascade has agreed to subscribe for 14,089,084 ordinary shares of 1p each in the capital of the Company (the "Subscription Shares") at a price of approximately 11.4 pence per Subscription Share ("Issue Price"), which is a significant premium to the closing mid-market price on 21 February 2017 and which values the Company at approximately £14.4 million..... Fill your Boots, this is going to 11p
Posted at 20/7/2016 09:18 by maytrees
Good morning

Does SEV share price often jump c.23% given the co's very small size or is news anticipated?

Am in paper profit - just!
Servision share price data is direct from the London Stock Exchange

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