Actual Experience Share Discussion Threads

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

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 14:40

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 08:20

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

[fgump] 13/7/2019 08:18

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 16:20

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

[fgump] 20/5/2019 06:27

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 08:09

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 11:59

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

[steve695] 07/5/2019 08:55

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 09:41

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 17:37

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 03:06

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?.

[fgump] 13/2/2019 15:22

Blah, blah, blah. This time next year Rodney...still has to show enormous growth to justify the valuation.

[fgump] 16/1/2019 07:08

Market cap of 94 x revenue! £10m of cash left. Will be out of business by the end of 2019...

[fgump] 28/11/2018 16:01

Something of a zombie stock this one. Very little volume and yet it maintains an unrealistic valuation. I wonder whether one day if IP Group will throw the towel in!

[steve695] 16/11/2018 12:08

Agree with the comments, this looks like a complete dog given their inability to sell their product.

[fgump] 15/11/2018 08:24

Feb 2014 it came to market. Nearly four years later to get to £1.6m of ARR. great work!!

[fgump] 15/11/2018 08:07

116m market cap for a tiny little business with no traction and having burned through tens of millions of cash to get here.

[dave4545] 15/11/2018 07:57

Short of the century