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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Conviviality | CVR | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 101.20 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 101.20 | 101.20 |
| Top Posts |
|---|
Posted at 02/5/2018 11:46 by vulgaris Re Galatea99.To expand a little on the D Telegraph article.....Attempte |
Posted at 22/4/2018 10:34 by sweepie2 Get your money back on this oneBlockbuster report from Investor Show about Tern, market sensitive news leaked to attendees Further to yesterday’s brief post, I had the pleasure of sitting through the TERN presentation by Bruch Leith and the chance to talk to him in detail for about 15 minutes after. Bruce came across as a nice guy and indeed, he explained some of the personal issues that Al Sisto has had to deal with in the last 3 years and it puts things in perspective. Presentation Key points: - Al Sisto; career in Intel; encryption expert with expert knowledge of what’s needed in the IOT space. - Al Sisto California based but spends approx. 50% of his time in the UK. - Tern; the leading investment company in the IOT space. - Bruce Leith; primary role; finding new deals/investment companies (note; at last, people now in dedicated roles rather than trying to do everything). - Bruce; looking at 4 new investment companies , deals imminent , subject to term sheets and due diligence completion. - Working with Microsoft (possibly through In VMA). - Device Authority : hungry for cash due to growth; building product and distribution channels with Global technology companies - Intel deal; took 2 years to consumate; 7 months behind schedule mainly due to Intel internal process/sign offs. DA will handle authentication of Intel chip and through the Cloud - GEC; launched in USA last week (medical devices); launch re-scheduled to enable DA integration to be integral to the product. Enables 24/7 monitoring and treatment remote from hospital of patient condition but all data secured by DA. Huge market potential. - Strong play – authenticating sensors and at point of application; data remains secure throughout. - Products are now being rolled out; very well placed! Data analytics will also be a revenue growth area. - IOT take up by global tech has been slower than envisaged but now starting to gain traction and momentum. - 8 fold increase in security attacks in the last year; DA has a hack proof platform that automates at scale. - Strong patent suite that global’s cannot copy - DA life cycle has seen 12-24 month sales campaign followed by a 9-12 month product development/integrat - Now in a position to deploy Keyscaler globally with good evidence of several major customer contracts signed in the last 6 months. - THALES/GEMALTO; TO BUILD A BUSINESS AROUND DA/KEYSCLER; 2018-2021 RAPID GROWTH ENVISAGED - PTC; a $6 billion company with DA intrinsically linked! - Verticals/markets huge; sensors/data transmission now permeating every aspect of global world/life. - Emphasised high profile global partners. - THALES; LOOKING AT HUGE USA DEAL WITH ROBOTICS DELIVERING SURGICAL PROCEDURES – DA WILL BE INTEGRAL TO SECURITY. - AMAZING THINGS TO COME…… In VMA - Phenomenal order book; tripled revenue in 3 years to £1million and no signs of slowing - Key contracts with Howdens, MSE, MEM’s , GEC - Asset Minder can now be deployed within 3 months of enquiry; see huge potential and synergies with DA. Wrap up - Focus on improving investor communications via 3 monthly conference calls - PATENTS ARE EVRYTHING! THIS IS WHY COMPETITION IS STIFLED, DA ARE IN THE BOX SEAT AND GLOBALS GO TO DA FOR THE SOLUTION TO THEIR SECRUITY ISSUES - SaaS model ; recurring and growing revenues - BLENDING OF THE TERN COMPANIES TO PROVIDE INTEGRATED DISRUPTIVE SOLUTIONS THAT GLOBAL PLAYERS NEED! Conversation with Bruce Leith Bruce came across as a genuine and nice guy. It was clear the last 2-3 years has hurt the BOD as much as shareholders. For example, a number of Bruce’s family have shares in ISA’s bought at 14,12, 10, and 8 pence. It is clear the single issue that has stymied progress has been the time it takes to consummate a deal (typically 12-18 months) and then integrate Keyscaler into the eco system offer. This is due to global tech companies themselves struggling to shape their offer to the market and the way these companies deal with their supply chain in terms of budgets, approvals, gateways etc. Essentially, think of a timescale and double it. Intel took 18-24 months but things are moving rapidly; Keyscaler will be ‘on chip’ and in the cloud for the Intel solution. In summary, they are 12 months behind where they thought they’d be. The US fund raise is still open but didn’t take off due to the slow uptake of contracts + a poor understanding of what is being developed. Device Authority are talking with Microsoft and ARM (DA were approached); global’s will use DA rather than spend years developing in house; ALL ABOUT TIMING! Last week’s San Francisco conference went well with significant interest shown in DA. There is significant interest in DA and ‘players are circling’. They’ve already had offers that have been rejected (at above the current TERN market cap). The dilemma is the timing of sale of DA versus timing of value created by the global partnerships versus the cost of funding a growing company. Also, in order to attract institutional investors to TERN, they need to prove the business model by selling a company for a significant return. Whilst Bruce wouldn’t be directly drawn, my impression was a £75-100million offer (short term) will be considered. Bruce so stated a realistic aspiration that TERN will be valued at £100 million within 12 months. I left the event feeling extremely positive that our money is in safe hands and the share price will be multiples of what it is today in the coming months. My personal preference/issue is they find a way to keep DA for another 2 years unless a £250 million offer is tabled as there’s no reason why DA shouldn’t be valued at £1 billion + within 3 years. Ultimately, I cannot find a reason to sell my shares anywhere below £1. Hope this helps but DYOR,NAI. |
Posted at 05/4/2018 12:38 by russell250 This whole saga stinks - and requires a full investigationI have lost a lot of money with 337k of shares But have friends who lost tens of thousands The speed of demise is remarkable - where was the protection for the PI The protection for non institutional investors is zero investec continued to issue messages of confidence without any due diligence KPMG did not audit the half yr results (legally not required) so the directors can say whatever they like on the day prior to suspension still put out an rns - with £55.3-56.4 million expected range of ebitda profit Investec did 2 updates to the city professional bodies not for pi eyes second on 12-3 Two major share holders sell their holdings Old Mutual UK smaller companies Downing Monthly Income remarkable timing as on 14th Suspension Rns re 30 million hmrc bill the buying of shares by ceo/cfo after announcement on 8th march was a smoke screen in my eyes - and is a symptom of the fraudulent behaviour i believe has happened which a full investigation would uncover. The mutual funds what remarkable timing to clear the positions - were they tipped off of 30 million hmrc bill in advance? This needs a full investigation it makes the demise of carillion which was a protracted affair seem a much smaller cover up. There is talk of a investor law suit against the directors but what could be recovered - peanuts -- add all bonus payments together - subtract legal fee`s divi out -- nothing much left result private investors lose out |
Posted at 29/3/2018 16:37 by hpcg Too much import is put by director and management purchases after profit warnings, poor results etc. Following people that have demonstrated their incompetence is irrational IMO. It is almost always a fraction of their remuneration, and in any case supporting the share price is to their benefit also.Also, a reminder that most equity investors are completely and willfully ignorant about debt. This includes fund managers. A company without debt is often able to soldier on even in distress, and has the ability to raise new equity which it can use. Companies will continue to go bankrupt, that is how business works. If that company is publicly listed then someone has to lose. Our only duty to ourselves as investors is to ensure that it is someone else that suffers the loss, and our duty to the community is not to reward companies which load up on unsupportable debt. |
Posted at 28/3/2018 16:29 by masurenguy Conviviality, whose shares were suspended this month, is likely to fall into administration.Mark Kleinman, City Editor, Sky News, 16:22, Wednesday 28 March 2018 More than 2,500 jobs are at risk as the owner of Bargain Booze heads for administration after failing to raise £135m from an emergency cash call. Sky News has learnt that Conviviality, which stunned investors earlier this month when it revealed a £30m tax bill, is expected to announce later on Wednesday that it has been unable to secure sufficient new funds. The development is likely to lead to PricewaterhouseCoope It comes just days after Conviviality confirmed the departure of Diana Hunter, its chief executive, and said it would seek to raise £125m from investors through a placing of new shares. A number of suppliers are understood to have deserted the company, which supplies drinks to thousands of pubs, undermining Investec's efforts to raise the new funding. Conviviality's shares were suspended after the tax bill was disclosed to the stock market, leaving it with a market value of just £185m. The company, which also owns the Wine Rack chain and the drinks wholesaler Matthew Clark, is a big player in the UK's beverages industry. It supplies more than 700 off licences and 23,000 pubs and restaurants across the country, and employs more than 2,600 people. Administration will mean the company becomes the latest retail sector failure following the collapse of Toys R Us UK and Maplin. Conviviality declined to comment. |
Posted at 20/3/2018 21:11 by bulltradept Not quite sure I agree with that given what information is available to the retail investor for a lot less than 12k a year! I would also state as retail investors another large advantage you have is position sizing. |
Posted at 19/3/2018 09:15 by edmondj york investor,Lots of questions were posed after 1980s acquisition vehicles hit the buffers, despite a clean bill of health from auditors - but it seems nowadays, after the expansion of cheap debt since 2009, investors have forgotten the lessons arising. Definitely agree about the trade risk now. |
Posted at 18/3/2018 09:10 by masurenguy Conviviality’s one too many for the roadThis weekend, Conviviality’s advisers, including bankers at Investec and consultants from PwC, are locked in discussions over a bailout. It is looking to raise more than £100m to shore up its balance sheet. However, with the credibility of its management and board in tatters, shareholders may balk at pouring in more money. Since the float in 2013, investors have backed Hunter with more than £250m. In her hands, Conviviality has been transformed into an acquisition machine. Sources said investors were likely to back a new fundraising — but only because the alternative was so unpalatable. If they refuse to commit more money to Conviviality, their shares could become worthless. They are expected to demand a high price for their support. Hunter is expected to stand down early this week, but may stay on in a consultancy role. “Conviviality has a viable business model, but it’s caught in a liquidity trap. The internal controls and processes have been found wanting, but it’s fixable,” said Phil Carroll, a retail analyst at Shore Capital. “The question now is whether shareholders would want to back management with another cash injection. “ Complete article here: |
Posted at 16/3/2018 21:15 by tsmith2 The company's shares were suspended on Wednesday at 101p, but INVESTORS SPECULATED that the emergency placing could be undertaken at as little as 10p..BB talk would amount to investors speculating..if they are going to raise £100mn (which I v v much doubt) it would only be if there was v healthy demand and besides the company doesn't need anywhere near that.. |
Posted at 14/3/2018 11:00 by bulltradept IC View:"One must wonder how this error was missed by management. At the time of the results in January chief executive Diana Hunter told Investors Chronicle margins “were the last thing investors had to worry about”. Even broker Shore Capital, which reissued its buy position on Conviviality two weeks ago, says it’s “hugely disappointing” Last IC view: Buy, 305p, 8 March 2018 Better late than never eh... |
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