Seed Innovations Share Discussion Threads

[jaylett] 15/4/2024 17:01

"and we anticipate unveiling several strategic initiatives aimed at achieving this goal in the near future"

Blackjack, roulette, and the fruities.

[888icb] 15/4/2024 09:04

RNS:
SEED Innovations Ltd, the AIM-quoted company investment company providing shareholders with exposure to early-stage health, wellness, and medical cannabis companies, to which, in normal circumstances they have limited access to, is pleased to announce that it has received the remaining circa £2.4m (€2.76m) from the sale of its portfolio company Fralis LLC, trading as Leap Gaming.

Leap Gaming was sold in April 2023 (see RNS dated 11 April 2023), with SEED's proceeds of the sale totalling €5.8 million payable in two tranches. The first tranche of €3 million (£2.7m) was received on completion of the deal and the balance was received on the 12 April 2024.

The Leap Gaming sale has contributed to SEED's strong cash position of over £6m, which remains higher than its market capitalisation.

Commenting on the announcement, Ed McDermott, CEO of Seed said: "With an additional £2.4 million in cash in the bank, our financial position is exceptionally robust. Despite ongoing liquidity challenges in junior stocks, the investment landscape continues to offer compelling opportunities. Accordingly, we are committed to identifying innovative investment opportunities that will benefit our shareholders. Our primary objective is to enhance shareholder value, and we anticipate unveiling several strategic initiatives aimed at achieving this goal in the near future. We are confident that these initiatives will be well-received by our shareholders."

[jaylett] 10/4/2024 07:04

"£nil value"

Another job well done. Honestly you could get a trained chimp to select investments more skillfully than this shower.

[brave dave] 30/3/2024 10:01

It’s happened before in the past. It’s because of the crazy charges etc. wages and expenses have been over 12% of the fund value at one point. It’s run for the benefit of the bod.they collect wages and provide nothing in return.

[hemsworth] 28/3/2024 14:42

You can't buy these now on ajbell. Says "This security is restricted from dealing". What's that all about.

[1chrism] 27/3/2024 07:49

They have more cash in the bank than they do invested.Ed McDermott presentation at Master Investorhttps://youtu.be/sLxNpjXsObw?si=I9OX3yVY699ijwTO

[mellonsbellend] 26/2/2024 20:10

Did you also listen to Ed when he said he expected Seed to have a £50million mcap after the sale of Seed?? lol.

[burtond1] 21/2/2024 06:47

Cash is King for Seed Innovations – a safe haven in a very choppy market suggest @TMSreach "...Anything that we own is for sale at the right price, in the right circumstances of course. We're seeing a huge amount of deal flow and we've come very, very close to making some investments..."https://total-market-solutions.com/2024/02/seed-innovations-ltd-feb-2024/

[mellonsbellend] 03/1/2024 17:09

That reefles over on lse certainty lives up to his name. He hasn’t a clue, trying to say the buyback would push the price to 6p. lol. The NAV is now barely 6p. Given the amount of selling into the buys it’s not going to move the share price at all. These people shouldn’t be allowed to buy shares with the money left over from their sweet money. It was pretty obvious as countless people have already said. It’s going to take something amazing to move this. 4p would be an outstanding achievement.

[1retirement] 30/12/2023 17:06

Is Billy no mates still invested here? What about that Matabore dude, is he still invested here and in EML? lol

[1retirement] 30/12/2023 10:55

Lol, just lol.

[burtond1] 27/12/2023 07:27

10 Companies to follow in 2024https://total-market-solutions.com/2023/12/10-companies-to-follow-in-2024/

[rickyl1] 22/12/2023 14:08

I've not posted on here for some time. What's happened here is an absolute shambles. I got out of this ages ago with a bit of a hair cut. If I'd stayed in I'd be frickin bald now. Good luck to shareholders and have a good Christmas despite what Ed has done to this bumhole of a company.

[1retirement] 22/12/2023 11:32

Lol great update. One investment bankrupt and the other written down from 600k to 400k to 13k, yes THIRTEEN THOUSAND. Someone wake up that 888 guy who is always floating around here to tell him the good news.

[jaylett] 23/11/2023 07:27

This company's ability to consistently reduce net asset value year after year is world class. If they could wind up at 6-7p I'd happily take it now, because history tells us that in a year's time the NAV will be lower than that. They couldn't burn through money faster if we bought a smelting plant and chucked piles of notes into the nearest furnace.

The days of 10p+ are long gone.

[brave dave] 22/11/2023 16:48

NAV down another 20% over the last year or so. It’s also lower than it was almost 8 years back. What an absolute shower of Shyte.

[888icb] 22/11/2023 15:48

Up 14% since the release of the interims this afternoon. Very strong cash position which is more than the current market cap:
“ The Leap sale, and partial sale of Avextra have contributed to our strong cash position of £7.1 million, which remains higher than our market capitalisation. Our invested NAV also in isolation is higher than our market capitalisation.̶1;

[waterloo01] 22/11/2023 15:44

Taken small punt. £7m in cash (inc future receivables)is about 3.5p a share? Sharebuybacks should also support the SP

[parob] 22/11/2023 15:33

-- Strong cash and cash receivables of GBP7.1 million as at 30 September 2023 - making it well position to capitalise on investment opportunities.

[1retirement] 19/11/2023 15:39

Pardon Mario?