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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Deepmatter Group Plc | LSE:DMTR | London | Ordinary Share | GB00B29YYY86 | ORD 0.01P |
| Price Change | % Change | Share Price | Shares Traded | Last Trade
|
|
|---|---|---|---|---|---|
| 0.00 | 0.00% | 0.0325 | 0.00 | 00:00:00 |
| Bid Price | Offer Price | High Price | Low Price | Open Price | |
|---|---|---|---|---|---|
| 0.025 | 0.04 | ||||
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| - |
| Last Trade Time | Trade Type | Trade Size | Trade Price | Currency |
|---|---|---|---|---|
| - | O | 0 | 0.0325 | GBX |
Deepmatter (DMTR) Share Charts1 Year Deepmatter Chart |
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1 Month Deepmatter Chart |
Intraday Deepmatter Chart |
| Date | Time | Title | Posts |
|---|---|---|---|
| 22/7/2023 | 07:30 | DeepMatter | 1,718 |
| 24/1/2021 | 19:14 | Deepmatter | 4 |
| Trade Time | Trade Price | Trade Size | Trade Value | Trade Type |
|---|
| Top Posts |
|---|
Posted at 22/7/2023 07:30 by timbo003 I received two updates by snail mail from the company in July:1) Correspondence dated 3rd July Chairman's letter: Resolutions: Subscription letter: 2) Correspondence dated 10th July (Received 21st July) Chairman's letter: Resolutions: It looks to me as if all small ordinary shareholders (who did not participate in the April open offer for A shares) will be totally wiped out as there will be a one for a billion consolidation for both the ordinary shares and the A shares, with no fractional shares being allocated to shareholders. It is now apparent that the only value in holding the old ords after the delisting (I held 5,000,000) was that they gave shareholders the right to subscribe to the April open offer for A shares There is now a new share offer to raise £1.5 million through the issue and allotment of 3,260,870 new A shares at the lssue price of 46p pence per Share - it is not clear to me from the ccorrespondence whether that share offer is still open or not, but given that the subscription price is just over 3X that of the April open offer (taking into account the share consolidation) I will pass on that one anyway Postscript: The correspondence regarding the April open offer has now been published on the website, although I do not recall seeing it on the web site at the time of the open offer, also there is nothing there regarding the recent (July) shareholder correspondence: |
Posted at 23/4/2023 08:11 by timbo003 On a re-read of the paperwork, it is not quite a simple as I first thought in terms of how the new shares relate to the old shares.The nominal value of the (old) ords is 0.01p The nominal value of the (new) A ords is 0.000000015p The offer price of the new A shares is 0.000000015306363p (i.e. just over the nominal price) The two share classes are equal in all respects except the nominal value, i.e. equal voting rights and entitlement to dividends, but given that the nominal value of one old ord is 653,323 X greater than the nominal value of the new A ords, that would mean on wind up (or sale of the company?) each old ord would receive 653,323 X more than each new A ord. There are some new company articles which shareholders are being asked to approve along with resolutions to approve the new share issue: |
Posted at 22/4/2023 07:27 by timbo003 I received paperwork through the post yesterday concerning a £1M open offer along with a trading update which sounds reasonably encouraging:End of year sales of £1.5m. Strong growth in Q1 (end of March)compared to last year (circa +60%), new contract wins with Vertex and Bayer and contract extensions with AZ, Lonza, Springer Nature and LVMH so far this year. Cost savings introduced should reduce operating expenses from £5m to £3m, they estimate the total cash requirement until end of 2024 will be £2.5M. The £1M fund raise will keep them going until July, so over the next 3 months they will look at other funding options and possibly selling the business. The Open offer is for 1M new shares for every 1 existing share priced at 0.000000015 pence per share, so that implies a pre-money valuation for the company is approximately £1 I will apply for my entitlement, plus an excess Shareholders will need to be quick if they want to apply though, the open offer closes at close of business on Wednesday APril 26th. If any shareholders still hold their shares in nominees accounts and haven't received paperwork or notification, message me and I can send you some paperwork |
Posted at 20/4/2023 08:28 by timbo003 Asset match share trading facility: Twitter feed: Sign up for news letter: |
Posted at 30/11/2022 10:18 by pwhite73 1347 - "The other question in my mind is whether it's worth holding the shares after de-listing"RNS 24/11/2022 - "The Company anticipates it will seek to raise c.£1m from its major shareholders ahead of the Delisting, following which a more substantial capital raise would be pursued as a private limited company in 2023." Firstly the delisting if it goes ahead won't take place until next year. Secondly I would strongly advise anybody against selling their shares at these levels. The major shareholders are having the value of their own holdings trashed when the share price craters but they are willing to tolerate short term pain for long term gain. Deepmatter are at the cutting edge of digitising chemistry and AI technology in chemistry. They have major global clients and only last month they updated on a licensing deal with Merck. Merck does not enter into licensing agreements with mickey mouse outfits. This company will be worth multiples of the current market cap so naturally the major shareholders will try and wrestle as much of it away from small PIs. If it means in the interim wiping out the value of their own holdings its a price they're willing to pay. |
Posted at 30/11/2022 07:40 by 1347 Has anyone reported this to the FCA yet? I've given up with them, I've bought one or two other companies to their attention in the past with pretty clear proof of dodgy things yet no action is ever taken. I've come to the conclusion that they are not fit for purpose and pretty much anything goes on the London Laundromat.Anyway I'm certain in my own mind that Warne and the other Directors have acted in a despicable and possibly underhand manner, which may not be in line with the Companies Act for public companies. I really hope that Madame Karma catches up with them one day, in one way or another. That heavily discounted placing last year was suppposed to allow them to execute on their strategic plan and grow the business, they even did an open offer to retail shareholders only to then hang them out to dry less than a year later. The thing is I don't see how it helps the significant shareholders, who they say are backing it, between them they already own about 67% so if they wanted to gain control then they could fairly easily do so at not much extra cost. How does wiping out the share price still further and de-listing help them or make any offer from a third party more likely or improved? Am I missing something here? The other question in my mind is whether it's worth holding the shares after de-listing in case an offer does come in at some point, might not be able to trade them but might still be worth more by holding shares in the private company than selling at this stupid price? Anyone had any previous experience of this scenario or a view on that? |
Posted at 25/11/2022 10:45 by pwhite73 1347 - "I may be being over cynical"I don't believe you are. It is important to note there is no suggestion from the company of any decline in business. Indeed they appear to be gaining traction on every trading update. I think the issue here is one of liquidity. The shares are not traded frequently enough for the bucket shops so if the management are going to inject their own money they want as bigger slice of the cake as possible. They are not concerned about the decline in the share price of which they already own 67% as the long term goal is to purchase the remainder of the company's shares at the lowest possible price. There is ample evidence in the trading updates that there is a host of major science companies interested in what they have and what they do. Once the company has gone private with major shareholders owning 99.99% it will be sold off for multiples of the current market cap. The FCA do need to investigate what is going on here. |
Posted at 25/11/2022 07:51 by 1347 PW That's interesting because it may be the case that by them waiting a year to table an offer they will be able to benefit from the lower price caused by the share price crash from over 1 p to 0.1 p due to that 'wipeout' placing last December, which means they may have created a false market in the share. It could be that this was all contrived and the placing was a means by which they grabbed a chunk at a low price in order to enable a subsequent low ball offer later? I may be being over cynical but having seen how AIM companies operate(and some of their bigger shareholders) it's something that needs to be considered. Either way I think the FCA should investigate the company, not that they are of much use. Has anyone bought it to their attention? |
Posted at 24/11/2022 09:31 by pwhite73 the quiet one1 - "They are not useless, they are criminal, they have used the system to steal investors' money,"But who are they stealing from?. If you go to the website you will see as of May 2022 66.7% of the shares are holders of more than 3%. Open up major shareholders Its not PIs in nominee accounts that are the shareholders. They can't do anything without the agreement of these 66.7% major shareholders. As per the RNS the delisting is not a foregone conclusion, they would need the support of these 66.7% major shareholders. They intend to raise £1 million from the 66.7% major shareholders prior to any delisting. I think the major shareholders believe in the company but this belief has not been reflected in the listed share price. |
Posted at 26/10/2022 14:21 by pugg1ey Yeah I hate these truth twisters. It was a 84% discountThe Group has been able to secure a material equity investment, but at a significant discount to the current share price. The Issue Price represents a discount of 84.0 per cent. to the closing mid-market price of 0.625 pence per Existing Ordinary Share on 23 December 2021 (being the last practicable Business Day before publication of this Announcement). |
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