Auctus Growth Share Discussion Threads

[lazygun] 14/8/2017 19:29

Hedgehog,

Mkt cap is around £1 mill.
Cash is around £1 mill
Annual costs are around £35k

The BoD could go another 3 yrs without a deal, and the mkt cap and cash would still hardly be dented.

When I spoke to the BoD at the agm, I got the distinct impression that the BoD are acutely aware of the perceived "inaction", and that they intend to do something about it.
What, and when is still anyone's guess of course.


That being said, we've seen other situations where a change in mgt can act as a catalyst also, although I'm not sure that will happen here. For a start, the directors/founders/sig shareholders own around 30% of the stock. I also understand that much of the money that was put into Auctus at the start also came from friends and family of the BoD and so on, so the stock is extremely tightly held.

No-one buying/selling around these levels will be making much more than a 10-15% profit max, once you factor in the spread, so there is unlikely to be any real selling pressure in the medium/long term here either, as I'm fairly confident that those lth'ers will remain faithful to the BoD for the long haul

In that sense, I feel Auctus is a very low risk speculative buy, and I will keep adding at every opportunity.

L.

[hedgehog 100] 13/8/2017 18:44

lazygun 30 Jun '17 - 18:29 - 1 of 10 1 0
" ... I am more confident that the BoD are holding out for that genuine opportunity, ... "


11/08/2017 07:00 UKREG Auctus Growth Plc Half-year Report

"FOR THE SIX MONTHSED 30 JUNE 2017

AUCTUS GROWTH PLC

CHAIRMAN'S STATEMENT

Dear Shareholder,

I present the Chairman's report for the financial period ending 30 June 2017, where the Company reported a net loss of GBP16,459 (0.62p per share) and as at 30 June 2017 had liquid cash balances of GBP991,666.

During this financial period the Board has continued to actively evaluate a number a potential transactions across a variety of different sectors. At this time no formal agreement has been entered into by the Company however the Board remains focused on delivering a transaction that brings both value and growth potential to the Shareholders of Auctus Growth in the near term.

Costs continue to be prudently monitored and are in line with the previously announced budget of GBP35,000 per annum. The Directors continue to draw no fees from the Company.

Finally the Board would like to thank Shareholders for their continued patience and support. Further updates will be provided in due course in regard to the future plans for the Company.

Malcolm Burne

Chairman

11August 2017 ... "




LG,

A belated thank you for your AGM report.

Main-listed shells can't be delisted for not RTOing, unlike on AIM, but that lack of urgency can be a double-edge sword.

Friday's interim report from AUCT gives no indication that a deal is close, or even that they are confident of achieving one.

It is possible to be TOO choosy.

It's been three years ... if 'nothing changes', who's to say that another three years won't go by with still no deal?

Look at RGP (Ross Group) for example ... where 'RGP mortis' might be setting in after a seven year wait:

30/04/2015 15:22 UK Regulatory (RNS & others) Ross Group PLC Annual Financial Report LSE:RGP Ross Grp.

" ... The Board takes satisfaction in its rigorous control of overheads and preservation of the Group's Main Board Premium Listed status.

... During the year we have continued our work to explore a variety of strategic opportunities; primarily involving potential mergers, acquisitions and business alliances. We have, over the last five years looked at such opportunities in a variety of business sectors: ranging from consumer electronics, mining, mineral resources, green energy, internet service providers, to specialist supply chain management services. This is still the case, although up to now there has been no conclusive material event to report. ... "



26/04/2017 15:54 UKREG Ross Group PLC Ross Annual Results

"… The Board takes satisfaction in its rigorous control of overheads and preservation of the Group's Main Board Premium Listed status:

… We have continued to diligently research and explore strategic opportunities for the Group, primarily involving potential mergers, acquisitions and/or business alliances.

Over the last several years, we have considered many proposals from within various industries; consumer electronics, mining, mineral resources, green energy, internet service providers to specialist supply chain management services. Whilst I reflect on the fact that yet another year has gone by without being able to present to our shareholders a really compelling opportunity, I equally remain both enthusiastic and confident that such a deal should prove possible and in due course we will hopefully have a well-developed proposal that shall reward our shareholders' patience and provide them with significant value. …"






While HWC is still a shell after a mind-boggling sixteen years! -

28/06/2001 15:25 UK Regulatory (RNS & others) Final Results
LSE:HWC
Highway Capital
" ... The Company is now effectively a cash shell and as such is seeking suitable acquisitions. Your directors are in the process of searching for a suitable business. ... "

[lazygun] 11/8/2017 11:00

Well,

Mixed news...

Continued good money mgt, to keep cost to the bare minimum, but, still no action....



Is it time for new mgt perhaps? New blood, fresh ideas, fresh vision?

L.

[lazygun] 27/7/2017 13:20

Last few days roughly 1% bought at the full ask...

With over 30% at least in directors and other lth'ers, this stock is going to get squeezed..

L.

[kemche] 27/7/2017 13:13

coming along nicely........

[lazygun] 26/7/2017 15:18

Everyone who took part in the original placings were in at around the 50p mark,

So given the low volumes over such a long period, my guess is that the majority of the shares, beyond the 30% significant share holdings by the directors/funds, are probably in the hands of lth'ers.

No-one is really going to profit until they go beyond the 50p mark.

L.

[lazygun] 26/7/2017 15:15

Looks like the buys are starting to trickle through.

Well. It's been nearly 2 years, so perhaps something is finally in the wind....

L.

[kemche] 26/7/2017 11:32

And another :)

[lazygun] 20/7/2017 22:18

Another buy at full ask gone through...
L

[lazygun] 10/7/2017 21:49

Interesting reading.

Prospectus show founders, directors and hnwi all participated at 50p, and they've hardly spent anything so far...



L.

[lazygun] 06/7/2017 23:50

Still surprises me how much under the radar this one is.
Clean shell, mkt cap less than cash assets
Directors waiving salaries
Main market listing so no timescale restrictions on doing a deal (unlike aim)
Directors with natural resource sector and rto/ipo experience
30%+ in directors and lth holders hands
Small free float available

What more do people want from such a cash shell?

L.

[lazygun] 30/6/2017 18:28

New thread on premium bb.

Link to old thread:



Regards

L

[lazygun] 28/6/2017 20:59

Anyone going to the agm?

L

[lazygun] 17/6/2017 00:23

Interesting,

Clean shell, £1 mill cash,
Directors foregoing salary,
Annual cash burn £35k pa.

3 directors with apparent pedigree in natural resources sector, and in ipo' / rto's.

No debt.

But taking a huge amount of time to find something to invest in..

Agm end of June.

Might be an opportunity to find out what if anything is happening...

L

[runwaypaul] 05/9/2016 14:57

et la pumpe....

[runwaypaul] 08/6/2016 13:28

et la dumpe...

[adthorn] 08/6/2016 08:26

Up to 50 but will retrace throughout the day no doubt

[fillipe] 08/6/2016 08:20

Looking rather hotly active today, from the start, but I don't immediately spot the reason....?

+ 18%, as I type>

f

[geoffsh] 07/2/2016 12:06

Thanks for the interesting post mikeh30, hopefully the Auctus management are busy setting up a potentially lucrative RTO and the patience of the Auctus shareholders will soon be rewarded.

[geoffsh] 12/6/2015 17:04

Could be one of these.

[geoffsh] 05/6/2015 16:59

RNS


RNS Number : 3583P

Auctus Growth Plc

05 June 2015




Auctus Growth plc ("Auctus" or the "Company")



Notice of AGM



The Company is today sending a notice of its Annual General Meeting ("AGM Notice") to shareholders. The Annual General Meeting is convened to be held at 18 Pall Mall (2nd floor), London SW1Y 5LU on 30th June 2015 at 10.00am.

Copies of the AGM Notice and Annual Report are available on the Company's website at www.auctusgrowthplc.co.uk.




Could be an exciting AGM. We will know about the company that we are taking over and all going well it should have come back on the market at hopefully a healthy premium.