Abal Share Discussion Threads

[stark industries] 24/6/2019 11:34

Tech companies are usually valued at x 20 to x 50 PE ?

[pilkersa] 24/6/2019 11:30

Sure I read somewhere that average market cap after an rto is 3 mill, and we are valued at less than a million, with a potential target in a very high value sector....

[stark industries] 24/6/2019 11:30

This will multi bag hard for sure once the real news is out as not many shares available GL

[yorgi] 24/6/2019 11:26

Market is now waking up to the RNS and what potentially could be being lined up for us 😊

[godolphin] 24/6/2019 10:50

Looks like they include Regtechs which opens up an even bigger selection of companies.

[still waiting] 24/6/2019 10:46

Someone thinking the same.

[still waiting] 24/6/2019 10:45

Exciting sector, fintech, ai. Etc.

Multibag opportunity if right deal found..

[yorgi] 24/6/2019 10:17

Possibly but it seems very likely they have something they are working on and in a lucrative sector as Pilkersa pointed out.

[still waiting] 24/6/2019 10:14

Yes, progress and maybe a bigger deal ahead than we thought.

[yorgi] 24/6/2019 10:08

Yes it does appear to have gone relatively unnoticed Pilkersa. Very encouraging.

[pilkersa] 24/6/2019 09:48

So we are going into computer software for the financial sector. Very interesting and potentially very lucrative. That rns seems to have gone unnoticed.....

[still waiting] 17/6/2019 12:29

did someone just kick the corpse ?

[godolphin] 14/6/2019 11:23

He hasn't joined AIK for his oil and gas skills. But early days.

ECP are active in doing a deal announced in the AGM resolution 6. Can't be bothered studying that, but shows they're not sleeping. Cosmos have taken their holding to 29% announced today.

[godolphin] 14/6/2019 11:03

John Treacy has just become a director at AIK Energy. Maybe looking for a listing? Here or BOU.

[godolphin] 14/6/2019 10:41

Below is what ECP said about ABAL in their figures. They've gone to 22% (after converting) this year and share a director (Treacy) who is also a director of BOU. Mkt Cap still below cash, though I would like them to confirm how much cash they actually have eg. did they get the extra CAD$800k or not?

Abal Group Plc (formerly Imaginatik Plc)

In October 2018, Eight Capital invested GBP250,000 in Abal Group plc (formerly known as Imaginatik plc), a software as a service (SAAS) business, and a leading player in the corporate innovation solutions software sector in the UK and US. The tech company's client list includes ExxonMobil, Altria, TD Bank, Sodexo, Caterpillar, and Cargill. Abal is listed on AIM London.

Eight Capital invested through a mix of equity and convertible debt with warrants attached. The market capitalisation of the company at investment was approximately GBP540,000. Since Eight Capital became the cornerstone investor, Abal has raised capital, cut costs and repositioned itself for the sale of its assets. In January 2019 Eight Capital's board representative oversaw the sale of Imaginatik's assets to a Canadian buyer from the same sector, for a consideration of up to $2.5 million ($1.7 million on completion and up to a further potential $800,000 post completion). The company was rebranded Abal Group Plc.

Following the asset sale, Abal (now an AIM quoted Cash Shell) is looking at a selection of new potential acquisitions. Eight Capital and Abal's management are working hard to source and execute a suitable transaction in order to generate a positive return for Abal's shareholders. Eight Capital could then exit the investment in Abal to crystallise its return.

[still waiting] 09/6/2019 17:18

Time for abal to wake up ?

[still waiting] 07/6/2019 14:49

buy orders being filled or news on the way ?

[still waiting] 07/6/2019 12:25

a bit more and buys continue.

[yorgi] 07/6/2019 12:24

Looking a bit better now but an update on progress and DD on director as SW pointed out is required.

With the right news could move quite quickly.

[delboy99] 07/6/2019 12:15

Another tick up

[still waiting] 07/6/2019 11:57

needs to.

news on director would be nice.

[delboy99] 07/6/2019 11:56

Moving a bit now

[still waiting] 07/6/2019 11:55

heavy volumes on no news yesterday?

[delboy99] 07/6/2019 11:54

Surely at the bottom
Share price less than cash value