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Share Name Share Symbol Market Type Share ISIN Share Description
Iconic Labs Plc LSE:ICON London Ordinary Share GB00BD060S65 ORD 0.001P
  Price Change % Change Share Price Shares Traded Last Trade
  0.0001 1.92% 0.0053 508,803,207 16:35:14
Bid Price Offer Price High Price Low Price Open Price
0.005 0.0055 0.00525 0.00505 0.00525
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Software & Computer Services 0.11 -2.84 -0.11 2
Last Trade Time Trade Type Trade Size Trade Price Currency
16:35:14 UT 14,382 0.0053 GBX

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28/2/202115:55ICONIC LABS - New media and technology business18,709
16/2/202115:22New beginning 9,333
24/1/202120:52Iconic Labs PLC80
21/1/202121:39Icon: the clue is in the name. I con. 56
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DateSubject
28/2/2021
08:20
Iconic Labs Daily Update: Iconic Labs Plc is listed in the Software & Computer Services sector of the London Stock Exchange with ticker ICON. The last closing price for Iconic Labs was 0.01p.
Iconic Labs Plc has a 4 week average price of 0p and a 12 week average price of 0p.
The 1 year high share price is 0.07p while the 1 year low share price is currently 0p.
There are currently 37,405,248,039 shares in issue and the average daily traded volume is 807,762,857 shares. The market capitalisation of Iconic Labs Plc is £1,982,478.15.
11/2/2021
14:44
pwhite73: We are awaiting news on three fronts. Funding, settlement and direction. I still believe a placing is being worked if its not already done. People forget how small the share price is so when they see sells in the tens of millions they scream timber. A 50 million sell is only £2500, its nothing. The market makers are absorbing the sells at 0.005p so they obviously think they can pass them on for more shortly. That's not to say the share price can't drop lower but it really isn't important at this stage. Its what happens next that counts. I am still of the opinion that administration and suspension (other than for an RTO) are not on the cards. Let's wait and see.
09/2/2021
11:51
phil1969: PW73 To 10 bag from here values ICON at £24m How on earth is ICON supposed to be a £24m company? I understand only gamblers will be looking at ICON shares as a buy but you use the word investors, if you want to be picky, no 'investor' would touch ICON. Only opportunistic speculative chancer day traders maybe? An investor would want news before putting money into ICON. An investor wouldn't be investing if they put their money into ICON with current information in public domain.
09/2/2021
11:30
pwhite73: phil1969 - "What revenues are they generating?" Current shareholders and the type of investors who are likely to buy the shares are not in the slightest bit interested in revenues or profit. They are only interested in one thing a rising share price. You may look for intrinsic value in the stocks you buy they don't. This understanding of the type of shareholder who buys ICON shares was the reason why DS and JQ were able to completely trash the share price from 0.40p to 0.0023p at its lowest. They also increased the number of shares in issue from 158 million to 37 billion. They were able to do this because all investors were short term including Ehgos. Here today gone tomorrow. They were accountable to nobody. The listing was just a free ATM cash machine. With OTT and their 18% holding on board the gravy train came to an abrupt halt and they were forced to leave or be kicked out. Corporate news irrespective of any revenue will increase the share price exponentially. ICON investors also care nothing for market cap either. They are only interested in the share price of 0.0063p hitting 0.063p and that's a ten bagger.
09/2/2021
10:35
pwhite73: phil1969 - "I call it a listing because it is no longer a company." Wrong. What you mean is that it is currently not trading, it has no recognisable operations not that its not a company. If we leave aside the cash argument for now because I do not believe the company is completely cashless the value in ICON as of today is very much in its human capital, Sarah Dees and Stephen Birrell. What the market and shareholders are waiting to hear is corporate news. How are they addressing the issues that the previous board claimed forced them to leave. News is also required on further funding. The company's main attraction for those that would cause the stock to rise is still the fact that you need an electronic microscope to see the share price. Put positive news and the two together and you can get a multi-bagger. Remember the share price was trading at 0.0030p when the previous aboard announced their resignations. Look at the price today.
07/2/2021
11:37
terminator101: In the blog from "oilman Jim". Sefton has previous. There are a number of people you need to avoid in the small cap space, sure you can make money while they are pumping the latest scam, but in the long run the house always wins. On that subject, it appears the chickens may be coming home to roost for David Sefton, the former CEO of Anglo African Oil & Gas (AAOG), a company which, as regular readers know, I was calling out as wrong all the way down from around 20p. It's now suspended at 0.3p. His nemesis comes in the form of the European High Growth Opportunities Securitization Fund, which has expressed significant concerns about arrangements made by the departed executive directors of Iconic Labs (ICON) with Greencastle Capital, a company established by the former Executive Chairman of Iconic, David Sefton. To quote: "This follows their stewardship of Iconic in which they presided over huge value destruction for shareholders and a collapse in the share price of the company, leaving the company in an almost valueless state with significant debts owed to its creditors. This whole episode raises major questions about their conduct and the conduct of David Sefton, questions which we expect they will now be required to answer, whether in court or by the appropriate regulatory authorities." You can read all about it at
04/2/2021
09:53
esimba24: EHGO expresses concerns about arrangements made by departed Iconic Labs directors with Greencastle CapitalFebruary 02, 2021 12:06 PM Eastern Standard TimeLONDON--(BUSINESS WIRE)--European High Growth Opportunities Securitization Fund ("EHGO"), an institutional investment company based in Luxembourg, has expressed significant concerns about arrangements made by the departed executive directors of Iconic Labs plc ("Iconic") with Greencastle Capital ("Greencastle"), a company established by the former Executive Chairman of Iconic, David Sefton."These moves therefore appear to us to have been pre-planned in order to give the directors a lifeboat on which to jump ship to Greencastle and raise significant concerns about the directors' compliance with their fiduciary duties as directors of Iconic. "Tweet thisJohn Quinlan, Liam Harrington and Sam Asante resigned from Iconic on 31 January 2021, with Iconic also announcing it had received notices of termination of the management service agreements between the company and Greencastle Capital in respect of the JOE Media and TheLondonEconomic businesses.Greencastle Capital then announced that the former Iconic directors had joined them. Iconic had previously lent Greencastle Capital the £1m required to purchase JOE Media, having received the money in financing from EHGO.In a statement, EHGO said: "The timing and sequencing of the activity by these three departed directors of Iconic raises serious questions, to say the least. Especially as Greencastle is a vehicle established (and owned) by David Sefton, the former Executive Chairman of Iconic. EHGO provided Iconic with £1m in financing, which Iconic then lent to Greencastle to buy JOE Media. The directors of Iconic then refused to honour our financing agreement, forcing us to take legal action against Iconic. The directors then departed for Greencastle, leaving Iconic holding the outstanding debt and pending proceedings, with Greencastle holding JOE Media (the acquisition of which was financed by Iconic) Greencastle then cancelled its service agreement with Iconic (thereby depriving Iconic of any benefit from the JOE Media acquisition)."We are gravely concerned about these moves. Iconic had been protected in its arrangements with Greencastle through a conversion right whereby it would have the right to equity (shares) in Greencastle by converting the debt. However, on December 7th last year, Iconic announced that it had amended its agreement with Greencastle in order to do away with the conversion right in respect of Greencastle shares. Such an equity conversion right was central to the business rationale of the Greencastle/JOE Media structure, as it meant that Iconic could come in at any time and become a direct equity owner in Greencastle. We note that the amendment of the agreement to do away with the equity conversion right with Greencastle followed less than two business days after EHGO's presented revised settlement terms to the Iconic board detailing terms on which it would be willing to settle its claim with Iconic. It would seem that the only parties who benefited from the amendments to the Greencastle agreement announced on December 7th of last year were David Sefton, and now that they have left, John Quinlan, Liam Harrington and Sam Asante (who were members of the board of Iconic at the time they made the decision to amend the Greencastle agreement)."These moves therefore appear to us to have been pre-planned in order to give the directors a lifeboat on which to jump ship to Greencastle and raise significant concerns about the directors' compliance with their fiduciary duties as directors of Iconic."This follows their stewardship of Iconic in which they presided over huge value destruction for shareholders and a collapse in the share price of the company, leaving the company in an almost valueless state with significant debts owed to its creditors. This whole episode raises major questions about their conduct and the conduct of David Sefton, questions which we expect they will now be required to answer, whether in court or by the appropriate regulatory authorities."
03/2/2021
18:10
theaviator: Well let's see how Sefton manages to slither out of this..Sorry if it's already been posted.https://www.businesswire.com/news/home/20210202005931/en/EHGO-expresses-concerns-about-arrangements-made-by-departed-Iconic-Labs-directors-with-Greencastle-Capital"This follows their stewardship of Iconic in which they presided over huge value destruction for shareholders and a collapse in the share price of the company, leaving the company in an almost valueless state with significant debts owed to its creditors. This whole episode raises major questions about their conduct and the conduct of David Sefton, questions which we expect they will now be required to answer, whether in court or by the appropriate regulatory authorities."
02/2/2021
18:58
hjfe: Breaking news: EHGO expresses concerns about arrangements made by departed Iconic Labs directors with Greencastle Capital Updated Tue, February 2, 2021, 5:06 PM·3 min read European High Growth Opportunities Securitization Fund ("EHGO"), an institutional investment company based in Luxembourg, has expressed significant concerns about arrangements made by the departed executive directors of Iconic Labs plc ("Iconic") with Greencastle Capital ("Greencastle"), a company established by the former Executive Chairman of Iconic, David Sefton. John Quinlan, Liam Harrington and Sam Asante resigned from Iconic on 31 January 2021, with Iconic also announcing it had received notices of termination of the management service agreements between the company and Greencastle Capital in respect of the JOE Media and TheLondonEconomic businesses. Greencastle Capital then announced that the former Iconic directors had joined them. Iconic had previously lent Greencastle Capital the £1m required to purchase JOE Media, having received the money in financing from EHGO. In a statement, EHGO said: "The timing and sequencing of the activity by these three departed directors of Iconic raises serious questions, to say the least. Especially as Greencastle is a vehicle established (and owned) by David Sefton, the former Executive Chairman of Iconic. EHGO provided Iconic with £1m in financing, which Iconic then lent to Greencastle to buy JOE Media. The directors of Iconic then refused to honour our financing agreement, forcing us to take legal action against Iconic. The directors then departed for Greencastle, leaving Iconic holding the outstanding debt and pending proceedings, with Greencastle holding JOE Media (the acquisition of which was financed by Iconic) Greencastle then cancelled its service agreement with Iconic (thereby depriving Iconic of any benefit from the JOE Media acquisition). "We are gravely concerned about these moves. Iconic had been protected in its arrangements with Greencastle through a conversion right whereby it would have the right to equity (shares) in Greencastle by converting the debt. However, on December 7th last year, Iconic announced that it had amended its agreement with Greencastle in order to do away with the conversion right in respect of Greencastle shares. Such an equity conversion right was central to the business rationale of the Greencastle/JOE Media structure, as it meant that Iconic could come in at any time and become a direct equity owner in Greencastle. We note that the amendment of the agreement to do away with the equity conversion right with Greencastle followed less than two business days after EHGO’s presented revised settlement terms to the Iconic board detailing terms on which it would be willing to settle its claim with Iconic. It would seem that the only parties who benefited from the amendments to the Greencastle agreement announced on December 7th of last year were David Sefton, and now that they have left, John Quinlan, Liam Harrington and Sam Asante (who were members of the board of Iconic at the time they made the decision to amend the Greencastle agreement). "These moves therefore appear to us to have been pre-planned in order to give the directors a lifeboat on which to jump ship to Greencastle and raise significant concerns about the directors’ compliance with their fiduciary duties as directors of Iconic. "This follows their stewardship of Iconic in which they presided over huge value destruction for shareholders and a collapse in the share price of the company, leaving the company in an almost valueless state with significant debts owed to its creditors. This whole episode raises major questions about their conduct and the conduct of David Sefton, questions which we expect they will now be required to answer, whether in court or by the appropriate regulatory authorities." Ends Notes to editors About European High Growth Opportunities Securitization Fund European High Growth Opportunities Securitization Fund is an institutional investment company based in Luxembourg which focuses on financing innovative companies globally that are deemed to be significantly undervalued. View source version on businesswire.com: https://www.businesswire.com/news/home/20210202005931/en/ Contacts Media Contact Edward Keller keller@ehgo.co
01/2/2021
12:15
pwhite73: A reminder why this may not be over yet. https://www.investegate.co.uk/ott-holdings-limited/gnw/ott-holdings-calls-for-reform-at-iconic-labs-plc-ahead-of-egm/20210115173540H6742/ Friday 15 January, 2021 Ott Holdings Limited Ott Holdings calls for reform at Iconic Labs Plc ahead of EGM Concern expressed about poor share performance and lack of financing Criticism of management and board performance EGM has been requested Firm faces lawsuit for breach of financing agreement NICOSIA, Cyprus, Jan. 15, 2021 (GLOBE NEWSWIRE) -- Ott Holdings Limited (“Ott Holdings”), holder of 5,735,555,554 shares of Iconic Labs Plc (“Iconic”), has called for reform at Iconic ahead of an extraordinary general meeting (“EGM”) of shareholders which has been requested. Jean-François Ott, founder and CEO at Ott Holdings, said, “The share performance of Iconic Labs has been absolutely appalling. Management have failed to create any shareholder value since coming to the helm in 2018/2019. “I also note that Iconic now faces a lawsuit relating to their breach of the financing agreement with European High Growth Opportunities Securitization Fund (“EHGO”), which has been its only strategic financing partner over the last three years. The mismanagement by Iconic of its relationship with its financers is further proof of the incompetency of Iconic’s management, as evidenced by the sharp decrease of the price of Iconic’s shares by 22.5% on the day of the announcement of Iconic’s lawsuit with EHGO. “The Board has therefore failed to secure anything beyond short term financing, which has done little more than cover the salaries of current employees (including what seem to be the high salaries of the executive team). The Board is seemingly incapable and lacks the experience to secure the long- and medium-term financing that Iconic desperately needs to put its business on the right path towards sustainable growth. “They have also presided over the disastrous departure of David Sefton, who was brought in as executive chairman in order to transform the company, but who resigned on the day of its Annual General Meeting (“AGM”) in 2019 following “rumour and market speculation” about his role at another company. It appears that despite the negative impact of Iconic’s involvement with David Sefton, Iconic continues to work with him as a consultant. “Ott Holdings is of the firm view that a competent and experienced board and management team needs to be installed at Iconic who can preserve shareholder value and secure the needed medium- and long- term financing which Iconic needs to put it on a sound financial footing. Further, the current business of Iconic needs to be rationalized and streamlined, with new potential M&A targets to be identified for growth. “In order to prevent the complete destruction of the firm we believe that urgent change is required. That is why we have called for an EGM where we will propose a new course for the firm, which we believe will not only rescue the firm from its current state but also lay the foundations for growth in the future. As a first step, and in order to enhance corporate governance, we propose changing three of the board members, and to undertake a complete review of the executive team’s contracts and performance. We hope to have the other shareholders’ support in our efforts.” Notes to editors Ott Partners - http://www.ottproperties.eu/ Ott Holdings is part of the group Ott Partners (previously “Ott Properties”), a diversified family office and investment company based in Paris, Berlin, Nicosia and Prague. These key locations serve as a hub in their business throughout Europe where it has extensive knowledge of the markets in Central and Eastern Europe. Ott Partners invests in real Estate, hospitality and property development since 1991. Over the years the company has expanded its range of activities to become entrepreneurs and investors in private equity and venture capital. Media Contact For further information please contact: Citigate Dewe Rogerson: kieran.farthing@citigatedewerogerson.com
28/1/2021
10:35
pwhite73: CC - I do not believe suspension is on the cards. Shard Capital has enough money to bail them out of any situation. But of course it comes at a price which is further dilution for the company has no assets for the loan to be secured against. Whether they are placing shares to pay off Ehgos or placing shares to secure the Shard loan amount to the same thing as far as PI investors are concerned, more shares and a lower share price. It would be better if it were to pay off Ehgos because that would be one obstacle out of the way. Ehgos/OTT are certainly working together to undermine the company but they are not out to destroy the company they just want more money. The dispute serves a purpose for ICON too because it gives them the opportunity to raise further finance on the grounds it was either a settlement with Ehgos, an expensive High Court case with no guarantee of success or administration. As reported by ICON if OTT removes any member of the board then the Joe Media contract is ended. So what's the point in OTT calling an EGM to terminate the only contract the company has. All in all I believe this will pan out as normal with everything settled at a lower share price. If ICON can throw in some positive news then you may get a temporary lift. Its damaging what has happened but not fatal. Imagine if you were an external business would you sign any contracts with a company that had just announced it was being taken to the High Court and the largest shareholder is calling an EGM to have the board removed.
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