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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 0.0% 0.0325 0.00 00:00:00
Bid Price Offer Price High Price Low Price Open Price
0.025 0.04
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Chemicals 1.01 -3.27 -0.33 1
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 0.0325 GBX

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Date Time Title Posts
04/1/202312:24DeepMatter 1,713
24/1/202119:14Deepmatter 4

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Posted at 01/2/2023 08:20 by Deepmatter Daily Update
Deepmatter Group Plc is listed in the Chemicals sector of the London Stock Exchange with ticker DMTR. The last closing price for Deepmatter was 0.03p.
Deepmatter Group Plc has a 4 week average price of 0.03p and a 12 week average price of 0.03p.
The 1 year high share price is 0.27p while the 1 year low share price is currently 0.03p.
There are currently 3,809,897,281 shares in issue and the average daily traded volume is 0 shares. The market capitalisation of Deepmatter Group Plc is £1,238,216.62.
Posted at 04/1/2023 12:24 by 1347
This TR-1 makes no sense to me. Acquired 547,500,000 shares via subscription at 0.04 p and held 991,380,771 afterwards, according to the RNS on 1st December 2022. Now has only 605,995,338 shares, i.e. 385,385,433 less, so sold at a loss just after subscribing? Percentages also don't stack up. Anyone?

This whole affair stinks in my view, related parties subscribing in previous placings and then sell down, then subscribing for more shares at a lower price and then vote to take it private. The FCA needs to investigate this whole sorry affair.

Posted at 01/12/2022 12:28 by pwhite73
euclid5 - Yes the substantial capital raise is that they are going to sell part or the whole business. They may simply sell valuable IP. According to their website they have 54 employees so they are not a tiny outfit. They claim the markets are not reflecting the true value of the company but that's because I suspect they're concealing the big money deals (they never did say how much the Merck deal was worth) and they keep trashing the share price to hold an even larger stake in the company. How else did they expect the market to react.

https://www.deepmatter.io/investors/

54 Employees + 4 Non-exec Directors. £2m Invested in R&D annually. 35+ Clients

Posted at 30/11/2022 18:25 by 1347
super - "acting in concert" is the phrase used by the FCA

(e) any person or persons in the same group or persons acting in concert who have an interest in 5% or more of the shares of the relevant class

Acting in concert

Persons acting in concert are also known as a concert party. A group acting together in a takeover situation. As defined in the Takeover Code (the Code), persons acting in concert are persons who, pursuant to an agreement or understanding (whether formal or informal), co-operate to obtain or consolidate control of a company or to frustrate the successful outcome of an offer for a company. Control in this context means 30% of the voting rights in the target company.

Ok I know we are not in a formal takeover situation (yet) but the situation is the same so I'm not sure what it is that I'm misinterpreting here?

Yes, there are risks with all shares and obviously a lot of new companies have to raise funds to progress their potential, everyone has to form a view on that risk. I expected DMTR would come good over time, I didn't spot soon enough just how underhand Warne was/is and how much in hoc he was with the big holders, to the detriment of smaller share holders. I expected some bad apples on AIM but it seems to me as if almost the whole orchard is rotten.

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 22:34 by pwhite73
1347 - "This does look underhand to me, possibly worse."

I wholeheartedly agree. The major shareholders already own 66.7% of the company. If they inject £1 million this is effectively a buyout of the company. The listing regulations require they offer the remaining shareholders the highest share price closed at over the last 12 months. Sit tight.

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%.

https://www.deepmatter.io/investors/aim-rule-26/ 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% discount

The 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).

Deepmatter share price data is direct from the London Stock Exchange
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