Iconic Labs Share Discussion Threads

[livup967] 01/11/2019 07:39

i suppose we will get another update monday onwards, on S/A
and how that is going
to give us another share price boost

''we will see''

but this is a good RNS on GSN'' revenue already coming in Mmmmm
and it's only a soft launch

[livup967] 01/11/2019 07:21

i was going to say we may get another RNS in the morning HUSS'''
to put last night one behind us, in my last post
but took it out because of wishful thinking
and here we are right on cue

well done J/Q we needed a boost to forget the past
and as always you see and know..

GLA

[hussyo] 01/11/2019 07:08

... and right on cue, an RNS about GSN! Seems that a page has been turned and we are now well and truly into the Iconic only phase of the story.

[hussyo] 01/11/2019 07:06

I'd only speed-read the report last night and took another look this morning. There is still nothing about the hefty trade payables in the CL, though it was good to see that the directors have deferred 40 per cent of their salaries until company is better financed:
- Sefton is on 90k, Harrington and Quinlan 120k.
- GSN, now wholly owned by Iconic, had revenue of 500k last financial year, and it is expected to repeat that performance, but with a lower cost base.
- The MCM agreement re The Tab will be worth 300k a year.
- There was little news re agreement with the Fintech company.
So 800k next financial year looks highly probable, with the Fintech agreement another possible source, plus anything else they can close in Q4 of '19, which Quinlan said was traditionally a strong quarter for business.

[livup967] 01/11/2019 04:10

this RNS was all about WDC, and the pass drawing to a conclusion
with a clear path to the future, in ICON with lots of contracts
to come, and lots of interest in our offering

they had to drop RNS after close, to give us a chance to read
and fully understand it, and don't just press the red button in haste..
i can't see us getting a rise with this one, although
there was lots of positive noise within…

but at the same time we are well below our nominal value of 0.10p
so there is not a lot they can do to us at these level

and the only person that will be selling at the opening
is our resident seller that's got millions of shares on the cheap
and not LTH that has invested there hard earn't, and would rather
wait for the recovery, no matter how long it takes

''we will see''

[hussyo] 31/10/2019 22:38

It's a long and, for the most part, an uncomfortable read. One can't escape the fact there is no revenue. Another issue, the notes to which I couldn't find, is the enormous trade payables. On the positive side, the company, to their credit, was very active in Sept and I've no doubt revenue, possibly substantial, will start coming in very soon. As for how the market takes it tomorrow, what does it matter. I suspect many people here, including myself, are down quite a bit and certainly won't be back in the black tomorrow.

[yorgi] 31/10/2019 22:22

We will see how the market receives it in the morning. In my opinion it would appear there is far more progress being made than the market is giving the company credit for but it is how the market sees it of course.

Looking forwards and not backwards.

[yorgi] 31/10/2019 22:17

What would you call a fair market cap DIJON based on todays release ?

[katsy] 31/10/2019 22:14

I guess one positive though is that they even released the results. That a be a slight relief to those who feared suspension due to no results being released.However legacy issues are still to be fully resolved. Looks like this fable £1m contract is now just a model going forward rather than a real contract. Nothing about the new website.

[yorgi] 31/10/2019 22:07

Last paragraph of Chairman's Statement :

"Outlook

We have a team in place that has a track record of building social media focussed businesses. The implementation of the strategy has been slower than we anticipated, and we have been constrained by capital being diverted to legacy issues. However, I believe we have turned the corner and we ask that shareholders bear with us while we complete the final parts of the transition and move the Company to where we and you want to go, that being a leading profitable new media and technology business"

[yorgi] 31/10/2019 22:06

You're reasoning DIJON ?

Seems you have taken a completely different view than you did just over a month ago :


DIJON5212 Sep '19 - 13:27 - 1304 of 2649 Moderate | Ban
0 6 0
This is looking good guys. Contract after contract. These boys are working hard

[katsy] 31/10/2019 21:59

Strange time to release an RNS, almost as if they are trying to hide it. Nothing in the CEO statement other than empty words.

[livup967] 31/10/2019 19:41

good breakdown YORG'' some good positive in there

see what happen tomorrow

REGARDS

[yorgi] 31/10/2019 19:10

The numbers for the old Wide Cells business are horrendous to say the last but of course that is almost all now settled and in the past.

JQ is very encouraging with his plans for the future and what is being built now. The big question for the coming days and weeks will the market give him credit for that before some tangible and verifiable information is released to the market.

That's the big question. Tomorrow may give us some idea.

[yorgi] 31/10/2019 19:03

The last two paragraphs of CEO Statement :

"I believe the future looks positive as we execute our plans and focus on building a pipeline of organic revenues as well as making good value acquisitions and investments. The media and advertising industries are in a state of flux and the opportunities for a disruptive new business like ours that combines owning valuable audiences with being able to offer a unique product suite and content creation to clients puts us in a great position for the future.

Overall, we are seeing some real signs of progress on both the revenue generation and acquisition parts of the business and we are looking forward to building on this in the future."

[yorgi] 31/10/2019 19:00

The numbers of course are for the past and it is looking forwards that matters. Lots of promising words but for the moment mainly promise.

I keep going back to not getting the new website up and running is doing them no good in my view....... In most others I'm sure as well.

[yorgi] 31/10/2019 18:57

I have just had a very quick read through the "words" but not got into the numbers.

[livup967] 31/10/2019 18:55

bloody hell YORG'' RNS out 6.30pm 18 month result
will take a while to read

''here goes''

see what happen tomorrow

[zen12] 31/10/2019 18:51

Results out - CEO says bear with us!

[ihavenoclue] 31/10/2019 08:28

Katsy, I think you need to re-read the finance agreement and the issuing of shares.

[pwhite73] 31/10/2019 08:15

Too many investors were hanging onto the success of UNILAD in the belief it can be replicated here. Well it can't. Times move on we are now in the #metoo era the UNILAD and LADBIBLE days are over.

I'm now even beginning to question if there were ever any Widecell legacy issues and the real legacy issues were the debts of £6.5m to creditors and £1.5m to HMRC the ex-UNILAD directors left behind.

[yorgi] 30/10/2019 19:07

Yes it has not been good NoobCybott to say the least...... and it most certainly wasn't a good time to top up as we all know. Until we hear something from JQ and BOD then it is anyones guess where we are going but it does not look good at the moment and that is an understatement.

The question we all want answered is the share price honestly reflecting what is going on. I'm afraid the time it is taking to get a decent website up and running is not adding any confidence.

Only time will tell.