Actual Experience Share Discussion Threads

[steve695] 12/2/2020 15:18

Operations director leaving this sinking ship. One can only assume he's fed up with them not actually managing to sell anything.Should really be the CEO given the boot.

[pugugly] 24/1/2020 16:31

Just come by as a top lsit faller to see if any value but having read all post in this remarkably short thread - Thanks to all posters - decided not to waste any cash folling further - Best wishes to all posters for a healthy and profitable New Year - The data and analysis in virtually all posts MUCH better than most brokers ANAL-ISTS.

[steve695] 24/1/2020 15:49

All job vacancies removed from their website today

[steve695] 24/1/2020 11:32

Oh dear, down another 30%Anyone who subscribed to the last placing has seen the value of their investment halved in only 6 months.CEO and Sales Director need to be shown the door ASAP, would be surprised if the VCs aren't thinking this

[pierre oreilly] 23/1/2020 11:35

I didn't say or imply like for like revenue has increase. I said your post was disingenuous, which it was and was designed to be, as you know.

[12345onceicaught] 23/1/2020 10:33

"1st line - revenue increased 79% Your post is disingenuous." Please re-read the release: like for like revenue has NOT increased; no new customers signed; no increase in monthly revenue from existing customers. The increase reflects the fact that there is a full year of revenue from those customers rather than a partial year - i.e. annualisation.

[steve695] 23/1/2020 09:59

Yes, revenue up 79% albeit from a very small base.They also have a bit more cash left than I expected, circa £7m.I'm not convinced that they'll ever be able to grow revenue enough to overcome the large cost base. After all these years, sales and marketing costs alone are still higher than revenue.Surely another capital raise within 12 months is inevitable?

[pierre oreilly] 23/1/2020 09:32

1st line - revenue increased 79% Your post is disingenuous.

[12345onceicaught] 23/1/2020 09:26

https://www.londonstockexchange.com/exchange/news/market-news/market-news-detail/ACT/14394753.html Nil like for like revenue growth. Cash still pouring out of the door. None of the previous commitments realized. Land and expand? More like stop and plop.

[steve695] 06/1/2020 14:25

6 months on from the last raise of capital and not a single new customer acquisition or deployment announced.Bet those who contributed to the "accelerated book build" are really pleased about this now that the £3m raised in the placing has likely all been squandered.

[steve695] 09/12/2019 14:00

wow, sale of 1k shares brings the price down nearly 3%, this share price is on incredibly thin ice

[steve695] 12/8/2019 15:40

What a turkey this really is.Decent IT organisations nowadays expect each experienced sales member of staff to pull in at least £1m p.a. from their accounts yet here they don't even cover their own salaries.When will people realise that this is because no-one wants to buy the Actual Experience product.On a positive note, the annual report is really glossy and well designed and they clearly spend a lot of time looking after their staff and thinking about CSR.

[fgump] 13/7/2019 09:20

I bet the folks who bought the shares at £1.70 yesterday are delighted with a placing at £1.35!!

[fgump] 13/7/2019 09:18

As predicted, the inevitable fund raise. Good money after bad, this business is a basket case and will never justify the valuation.

[fgump] 29/5/2019 17:20

Has the world woken up to the basket case...

[fgump] 20/5/2019 07:27

Can somebody call the emperor, i can't find my robes. £2.6m of negative cashflow for six months. Sales of less than £1m with sales and marketing costs of £1.25m. They could give the stuff away and lose less money!

[fgump] 17/5/2019 09:09

Another huff puff press release. So now you can buy the software directly from a Vodafone server - that will ease the queue of businesses that were desperate to buy! Still we only have to wait another quarter for the next deal according to the CEO.The results will be very interesting and I suspect will indicate the need to raise even more money.

[fgump] 10/5/2019 12:59

Any real volume of sellers here and the price is heading south at a rate of knots.

[astonedt] 10/5/2019 10:17

Written Q&A for the latest interview with DT - http://bit.ly/2Vs5Sb4

[steve695] 07/5/2019 09:55

Agreed. Two new deployments that *may* make $500k pa after 18-24 months - this will run out of cash way before then.Classic case of directors heads being in the sand and non-execs milking it while they can.

[12345onceicaught] 05/5/2019 10:41

Agreed @fgump surely IP Group (22%) and others cannot invest further even on a down-round, on empty promises and no growth. £576k of directors' rem for a business turning over £1m?! Even if you strip out the costs, and expect a fire sale, there is no way that obsolete IPR that has failed to commercialise for 10 years will raise even a 1/10th of the current market cap of £83m ... steer clear ...

[fgump] 24/4/2019 18:37

Will run out of cash this year unless there is another raise but why would you bother? Market has moved on..

[12345onceicaught] 23/4/2019 04:06

This company is a dog, Very high staff costs for a small to no-growth operation and yet another new sales team hired but still no revenue to speak of ten years in. Has their IPR been passed by and missed its chance? ACT will need to raise another round soon given their burn rate so that could be crunch time. The board are asleep at the wheel. Who's gonna back it?.