Actual Experience Share Discussion Threads

[fgump] 15/11/2018 07:25

Burned through £4m of cash in six months. Going to need to sign an awful lot of contracts before this thing ever breaks even...

[steve695] 01/10/2018 13:05

Going to buy when this hits 50p

[steve695] 25/1/2018 11:29

No one interested in this one?The price has been remarkably resilient over the last year or so, definitely going to tank at some point given the crazy valuation.

[steve695] 21/7/2016 15:00

My feeling from the figures and reading between the lines of the rhetoric coming from ACT is that they're finding it hard to commercialise their tech.The channel partner thing all seems a little "jam tomorrow" for my liking. How about some info on how much revenue your channel partners are generating for you ACT?

[steve695] 21/7/2016 14:54

Aren't N+1 Singer ACT's own broker/advisor? Always going to be bullish...

[steve695] 13/2/2015 14:44

I like the idea and I like the professional look of the website and company reports. My concerns with these guys are twofold:

(1) Cost focus - I get the impression that the board are a little in the "we're going to be billionaires" mould and aren't particularly focussed on cost despite the current paltry revenues. Would hate to see any investment watered down by future dilution after dilution as more capital is inevitably raised. Seen this happen all too often. Hopefully the new non-execs will add some perspective here.

(2) Barriers to entry - as far as I understand it the really clever thing is not the technology they use but the way they interpret the data that comes back. So it makes me wonder why any other large player in either the networks or analytics space can't reverse engineer what they are doing. After all, the technology to monitor response times for different parts of an IP network is probably 30 years old. The cost of replicating this for a company like Cisco would surely be less than it'd cost for them to acquire ACT AND they already have the customer base/sales channels in place.

Any thoughts?

[arseaboutface] 23/10/2014 20:53

Righto mal, best of luck with that one...

[malhashemi] 29/9/2014 08:34

Finally cracked ? Quite honestly surprised how well it has held up over past few months when so many aim tech stocks have tanked with valuations compressing (Wandisco, Blur, etc etc). I remember I was so desperate to try and get into this stock at a small premium in IPO day (which I couldn't). Funny how things change. I wouldn't touch this now before it hits 1 bob.

[arseaboutface] 19/9/2014 20:41

Price is resilient, as there are so few shares and a very small free-float, and nobody wants to sell. There was a huge demand for them at IPO. It's all about the potential which is enormous. DYOR.

[steve695] 03/9/2014 13:37

Still Interested in this just not at this price.

[simon gordon] 21/5/2014 12:30

Should fall at some stage, £56m and they just did 272K of turnover in H1.

[malhashemi] 16/4/2014 11:34

Strangely resilient this one in the fave of tech malaise.. Sod's law isn't it ? My other holdings are falling and the one I am waiting on to fall so I can finally buy (ACT)

[hydrus] 29/3/2014 00:16

If it goes to 50p I might be interested

[steve695] 11/3/2014 08:53

Not much happening here after that crazy opening day...

[praipus] 14/2/2014 15:01

Offered some at 235 or £2.35 I assume? I didnt take any in the end. I hold IPO/FIP and FIPP so dont feel I've missed out too much:-)

[malhashemi] 14/2/2014 13:11

Am curious - how many people here actually managed to buy shares yesterday .. And at what level..I had thought I can get in first thing the morning at say around 65p. I called two separate brokers who were struggling to even find an accurate price for this (an LSE / AIM mess up). One broker quoted me initially 0.75p ! Anyhow one called me back around 9:30 to say price was 110p, double IPO price. I passed.. It then doubled again half an hour later to over 200p.

[steve695] 13/2/2014 16:12

Simon - thanks from me for explaining too.I was wondering what on earth the price was doing with only pocket money changing hands...

[hazl] 13/2/2014 15:58

tried to get a price online but there was nothing given

so I didn't pursue simon

[praipus] 13/2/2014 14:54

Very interesting thank you Simon. So founding debt holders get their convertibles equitised, a means for valuing their holdings and a potential market for an exit should they need it.

The company gets a wider potential shareholder base, eventually, from which they can raise more money if required. Some kudos from being listed.

Government seen to support those brave enough to start or fund new business. Like it:-) thanks again P.

[simon gordon] 13/2/2014 14:52

Hazl,

Tried to buy, it was chaos first thing, no one knew how to make a price, because I couldn't get anywhere near the number I wanted I left it.

[hazl] 13/2/2014 14:46

have you got any simon?

[simon gordon] 13/2/2014 14:42

Praipus,

From the Admin Document:

In November 2011, Actual Experience secured additional funding of £0.60 million with the majority of the subscription again coming from IP2IPO. With initial sales commencing in 2010, this funding provided the necessary working capital to enable the Company to recruit additional development employees and to establish a greater customer facing presence. Employee numbers increased steadily from eight in November 2011 to the current level of 16, all based at the Company's Bath office.

Further equity funding of £4.07 million was received in November 2013 from a group of investors led by funds managed by Henderson. Concurrent with this funding, convertible loan notes totalling £0.51 million, including accrued interest, which had been issued between April and July 2013, were converted into equity. The purpose of this funding was to provide further working capital to the Company and, in particular, to facilitate expansion of its development and sales functions to drive further growth.

On 5 February 2014 a capital reduction exercise was performed which converted the Company's share premium account of £5.9 million to distributable reserves, thereby eliminating the deficit on the reserves account, following which the Company was converted to a public limited company on 11 February 2014.

=====

That is why they called it an "Introduction Price".

There's basically no stock about. I've never come across this before. I did read that Osborne had set up a new hi tech area of the market where tech stocks could ipo with limited free float, not sure if ACT is joining under that umbrella.

[praipus] 13/2/2014 14:29

Really! How does that work Simon?