Iconic Labs Share Price (ICON)

Share Name Share Symbol Market Type Share ISIN Share Description
Iconic Labs Plc LSE:ICON London Ordinary Share GB00BD060S65 ORD GBP0.0025
  Price Change % Change Share Price Shares Traded Last Trade
  -0.0025 -3.33% 0.0725 11,151,818 16:22:55
Bid Price Offer Price High Price Low Price Open Price
0.07 0.075 0.075 0.0675 0.075
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
 
Last Trade Time Trade Type Trade Size Trade Price Currency
16:28:43 O 500,000 0.0725 GBX

Iconic Labs (ICON) Latest News

Iconic Labs News

Date Time Source Headline
14/1/202009:01ALNCFAlliance News Flash Headline
14/1/202009:00UKREGIconic Labs PLC New Consulting & Marketing Joint Venture
13/1/202011:15ALNCIconic Labs Wins Advertising Pact From Unnamed UK Wellness Platform
13/1/202009:00UKREGIconic Labs PLC New Consulting and Marketing Agreement Signed
31/12/201910:24UKREGIconic Labs PLC Result of AGM
30/12/201911:07ALNCIconic Labs Chair David Sefton Resigns And CEO John Quinlan Fills In
30/12/201907:00UKREGIconic Labs PLC Directorate Change
12/12/201917:17UKREGIconic Labs PLC Notice of AGM
29/11/201914:41ALNCIconic Labs Reshuffles Board, COO Asante Becomes Executive Director
29/11/201907:00UKREGIconic Labs PLC Directorate Change
More Iconic Labs News
Iconic Labs Takeover Rumours

Iconic Labs (ICON) Discussions and Chat

Iconic Labs Forums and Chat

Date Time Title Posts
18/1/202009:32ICONIC LABS - New media and technology business4,495
17/1/202001:24New beginning 157
16/1/202014:16Iconic Labs ... UniLad v2.0 .. all new and improved reboot :)3,057
18/10/201914:13Iconic Labs PLC23
17/10/201914:56Icon: the clue is in the name. I con. 30

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Iconic Labs (ICON) Top Chat Posts

DateSubject
19/1/2020
08:20		Iconic Labs Daily Update: Iconic Labs Plc is listed in the sector of the London Stock Exchange with ticker ICON. The last closing price for Iconic Labs was 0.08p.
Iconic Labs Plc has a 4 week average price of 0.06p and a 12 week average price of 0.06p.
The 1 year high share price is 0.29p while the 1 year low share price is currently 0.06p.
There are currently 0 shares in issue and the average daily traded volume is 46,415,324 shares. The market capitalisation of Iconic Labs Plc is £0.
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13/12/2019
08:17		pwhite73: sep800 - "And if passed new shares at 0.25p that almost 3 time higher than currently" Yes they can issue new shares at 0.25p and above which is three times the current share price. However to raise new money somebody has to be prepared to pay 0.25p per share when the shares are currently trading at 0.075p. If there was a buyer out there for shares at 0.25p they would not currently be trading at 0.075p. So to raise £1.375m at 0.25p per share one of two things has to happen. There has to be a 300% rise in the share price or the capital base of the shares has to be restructured. It is the second of the two that is going to take place. That is what the prospectus will reveal.
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30/11/2019
08:36		pwhite73: DATAIT - "These will be worth an absolute fortune in 2 to 3yrs £££" You and I have been around a long time and we both remember the days when acorns grew into oak trees. Sadly those days are long since gone for a number of reasons. 1. Big companies don't take stakes in listed micro-caps any longer. If they want them they buy them out. 2. Micro-caps can't borrow money any longer. Banks have much tighter lending restrictions since various financial crashes. 3. Directors are no longer interested in holding meaningful stakes in their own listed micro-caps. Conclusion What all this means is that micro-cap share prices can't grow. The market cap can grow but not the share price. Any value in the shares is stripped out to pay directors, nomads, brokers, listing fees and repay death spiral financing. Like me if you have 10, 20, 30 AIM/micro-cap stocks on your monitor on any given day 80% are showing red. ICON will bleed you dry whilst all associated with it will tell you its the next facebook.
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21/11/2019
08:23		pwhite73: sep800 - "If you were on the ball you could of bought millions of shares on the fall at 0.065 and would of made 30% but you already know that" Complete rubbish. If everybody was buying at 0.065p the share price would be even lower than 0.065p because that's how they cream their money. The share price is always under the lowest of the majority buys. The fact that there were not that many buyers at 0.065p meant they had to play the recovery game. You have clearly fallen for it that's why you've bought back in. But all these games are immaterial now. The publication of the prospectus is the next big call. They have to give 21 days notice for an EGM. To fully launch ICON before the end of the year the prospectus has to be with mug shareholders by the end of next week at the very latest.
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13/10/2019
14:48		pwhite73: livup967 - "we are just under attack by a relentless and spiteful seller that cannot be ID" This relentless and spiteful seller has to be selling at a huge loss for if he or she bought their shares they cannot be selling at a profit down at these levels AGREED!!! But I think you are wrong for herein lies the answer. Q. Is EHGO still forward selling shares? A. As far as the Company is aware, EHGO is not forward selling. How can the company not be 100% certain that EHGOS are not forward selling shares. They and their brokers are not stupid. They know full well the reason why the share price has collapsed from a peak of 1.60p in March to 0.085p today and still falling. There is no bottom to this share price as EHGOS can sell and sell and sell until the £1.375m is raised. When the shares are trading at 0.015p and the £1.375m is raised they can then be consolidated 100 - 1, 1000 - 1 or 10000 - 1 to produce a respectable amount of shares in issue. Please have some respect if not for me then for other ICON shareholders like yourself that have seen their investment wiped out. If last week is anything to go by then 0.070p here we come.
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21/9/2019
11:36		pwhite73: When EHGOS shares are finished what happens next?. Do the shares start rising on buys due to a shortage of stock? NO What is happening in today's markets is that the MM run a deficit on any micro-cap stock. So if 100m ICON shares are overbought it doesn't mean the shares move back into the 30s, 20s or even late teens. What happens is that the company issues new shares/warrants to fill the demand. So it is ICON that creams the excess demand not you. All you can do is enjoy the feel good factor of the odd blue day or two before the stock turns red again. In this case ICON have already told you in advance they intend to raise another £1.35m plus warrants which is in excess of another 1.35 billion shares. The interviews by JQ is to facilitate mug PI demand. You see at the end of the day if ICON were really going places it would not be broadcasting its plans and strategies for all its competitors to latch onto (THINK ABOUT IT). You think this share price is low and at bargain levels. Just wait until they publish the prospectus and the consolidation details.
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09/9/2019
08:53		pwhite73: Acquisitions do not turn the share price What turns the share price is a restriction placed on the number of shares available coupled with profit generating news. With EHGOS providing an unlimited supply of shares and all companies associated with this outfit loss making the share price is 100% guaranteed to continue its slide.
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19/8/2019
06:32		pwhite73: From Gary Newman at share price .. It never ceases to amaze me how willing many private investors are to forget past failures and accept that a complete change of direction in a business is suddenly going to bring success. WideCells (WDC) failed as a stemcell research business, so it has now reinvented itself as a media and technology business, having changed its name to Iconic Labs (ICON), and many are immediately assuming that the new company will be a big success. A lot of the excitement seems to revolve around the previous involvement of Iconic CEO John Quinlan, and chief business officer Liam Harrington, in social publisher Unilad. What seems to be mentioned less often is that Unilad went into administration last September before a deal was finally done with LadBible to save the business, although it would be downsized, as LadBible owned a significant chunk of its debt. Around the same time as all this was going on, former LadBible creative lead Jono Yates, now working for Dugout, incorporated a company in the UK called Social Alchemist Ltd. Iconic (or WideCells as it was still known then) set up a media and technology division back in March, at the time Quinlan and Harrington joined the board. On August 6 an RNS landed stating that Iconic had signed a heads of terms agreement to purchase Social Alchemist using a mixture of cash and shares. What is strange though is that both parties are refusing to disclose the actual amount of the consideration being paid, and given that Iconic is a PLC I don’t really see how this information can be kept from shareholders. The RNS stated that Social Alchemist is ‘revenue generative, cash flow positive and profitable’ but no further indication is given as to exactly what extent – especially when it suddenly becomes part of Iconic, and with all of the corporate overheads that it has, I suspect it will be far from profitable at its current level – and it will be some time before we see the Social Alchemist accounts for the period in question. In early August the company also announced that it had secured up to £1.375 million, gross, of financing from the European High Growth Opportunities Securitization Fund over a six month period. The company has stated that it hopes that this financing will settle its outstanding debts – although there seems to be some confusion as to exactly what is still owed as it is still in dispute with creditors to the tune of £400,000, and if it loses then it would also be liable for that, although it has made a contingency for that. Looking at the way in which the funds are drawable over the six month period, and the fact that warrants are attached to them at a 10% discount to the volume weighted average price over the five days prior to exercise, or at the nominal value of the shares if that is higher. If they are exercised at nominal value then a fee is payable by Iconic equal to the difference in price. Currently the nominal value of the shares is 0.25p and the shares are trading at 0.15p, so things don’t exactly look great for the company unless it can turn that around quickly, as the warrants are exercisable as soon as they are issued, with a five year term. It also had to issue nearly 238 million shares to EHGO in settlement of previous debts, so that has given it an awful lot of firepower to sell and to keep the share price low – which is in its interests to do so whilst the finance is being drawndown over the coming months, as it will ensure that it receives a larger number of warrants (the amount issued is also based upon the VWAP over a five day period) and a guaranteed minimum exercise price of 0.25p (with Iconic being responsible for the difference, in money terms, for anything below that). So, taking all of this into account, the company is basically in a death spiral financing agreement, for an amount which may only settle all of its existing debts and leaving very little working capital, and with potentially huge amounts of shares to flood onto the market over the coming months. Based on all of this you have to wonder why on earth Social Alchemist would choose to sell to a company like this. If it really was a strong private company with such exciting prospects, it would easily be obtaining funding from angel investors/venture capitalists, or at the very least would sell to a listed company that had the funding available to accelerate growth – if it is as good as it sounds then they should have been queuing up for a piece of it. You certainly wouldn’t sell to a company that was in trouble, had little in the way of working capital, and little prospect of raising further capital. Don’t forget that Iconic can’t raise capital at below the nominal share value of 0.25p, which is around 65% above the current share price level. I suspect that the accounts of Social Alchemy are far less impressive than has been hinted at in the RNS – it could have a tiny revenue and profit, and still fit the description of it in that release. As if all of that wasn’t enough of a concern, the executive chairman of the company is David Sefton, who doesn’t exactly have the best track record to say the least. On top of that the company has been heavily pumped across social media, including by those who have a track record of being involved in causing brief spikes on micro cap companies before disappearing when the share price subsequently crashes. Often this is accompanied by rumours, or even fake articles sometimes, and in this case the story doing the rounds is of a £3 million deal with Sega! The market cap here is only £2 million so I suspect it will continue to be prone to wild share price swings, and some will benefit from trading that, but as an actual investment I can’t see any reason to buy it, with large amounts of further dilution due and the company in a position where it is unable to raise any further funds via an equity issue currently. I suspect that it will get rinsed by EHGO, and the £1.375 million debt is repayable after 12 months, along with a 5% interest rate, so where on earth is that money going to come from? Unless that debt also gets converted into shares and the death spiral financing continues. If you do try to have a trade here, just make sure you aren’t the one who ends up holding when it does come tumbling down.
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18/8/2019
22:34		bumpa33: Beware any stock that serial junk pumper yorgi is pushing... From Gary Newman at share price .. It never ceases to amaze me how willing many private investors are to forget past failures and accept that a complete change of direction in a business is suddenly going to bring success. WideCells (WDC) failed as a stemcell research business, so it has now reinvented itself as a media and technology business, having changed its name to Iconic Labs (ICON), and many are immediately assuming that the new company will be a big success. A lot of the excitement seems to revolve around the previous involvement of Iconic CEO John Quinlan, and chief business officer Liam Harrington, in social publisher Unilad. What seems to be mentioned less often is that Unilad went into administration last September before a deal was finally done with LadBible to save the business, although it would be downsized, as LadBible owned a significant chunk of its debt. Around the same time as all this was going on, former LadBible creative lead Jono Yates, now working for Dugout, incorporated a company in the UK called Social Alchemist Ltd. Iconic (or WideCells as it was still known then) set up a media and technology division back in March, at the time Quinlan and Harrington joined the board. On August 6 an RNS landed stating that Iconic had signed a heads of terms agreement to purchase Social Alchemist using a mixture of cash and shares. What is strange though is that both parties are refusing to disclose the actual amount of the consideration being paid, and given that Iconic is a PLC I don’t really see how this information can be kept from shareholders. The RNS stated that Social Alchemist is ‘revenue generative, cash flow positive and profitable’ but no further indication is given as to exactly what extent – especially when it suddenly becomes part of Iconic, and with all of the corporate overheads that it has, I suspect it will be far from profitable at its current level – and it will be some time before we see the Social Alchemist accounts for the period in question. In early August the company also announced that it had secured up to £1.375 million, gross, of financing from the European High Growth Opportunities Securitization Fund over a six month period. The company has stated that it hopes that this financing will settle its outstanding debts – although there seems to be some confusion as to exactly what is still owed as it is still in dispute with creditors to the tune of £400,000, and if it loses then it would also be liable for that, although it has made a contingency for that. Looking at the way in which the funds are drawable over the six month period, and the fact that warrants are attached to them at a 10% discount to the volume weighted average price over the five days prior to exercise, or at the nominal value of the shares if that is higher. If they are exercised at nominal value then a fee is payable by Iconic equal to the difference in price. Currently the nominal value of the shares is 0.25p and the shares are trading at 0.15p, so things don’t exactly look great for the company unless it can turn that around quickly, as the warrants are exercisable as soon as they are issued, with a five year term. It also had to issue nearly 238 million shares to EHGO in settlement of previous debts, so that has given it an awful lot of firepower to sell and to keep the share price low – which is in its interests to do so whilst the finance is being drawndown over the coming months, as it will ensure that it receives a larger number of warrants (the amount issued is also based upon the VWAP over a five day period) and a guaranteed minimum exercise price of 0.25p (with Iconic being responsible for the difference, in money terms, for anything below that). So, taking all of this into account, the company is basically in a death spiral financing agreement, for an amount which may only settle all of its existing debts and leaving very little working capital, and with potentially huge amounts of shares to flood onto the market over the coming months. Based on all of this you have to wonder why on earth Social Alchemist would choose to sell to a company like this. If it really was a strong private company with such exciting prospects, it would easily be obtaining funding from angel investors/venture capitalists, or at the very least would sell to a listed company that had the funding available to accelerate growth – if it is as good as it sounds then they should have been queuing up for a piece of it. You certainly wouldn’t sell to a company that was in trouble, had little in the way of working capital, and little prospect of raising further capital. Don’t forget that Iconic can’t raise capital at below the nominal share value of 0.25p, which is around 65% above the current share price level. I suspect that the accounts of Social Alchemy are far less impressive than has been hinted at in the RNS – it could have a tiny revenue and profit, and still fit the description of it in that release. As if all of that wasn’t enough of a concern, the executive chairman of the company is David Sefton, who doesn’t exactly have the best track record to say the least. On top of that the company has been heavily pumped across social media, including by those who have a track record of being involved in causing brief spikes on micro cap companies before disappearing when the share price subsequently crashes. Often this is accompanied by rumours, or even fake articles sometimes, and in this case the story doing the rounds is of a £3 million deal with Sega! The market cap here is only £2 million so I suspect it will continue to be prone to wild share price swings, and some will benefit from trading that, but as an actual investment I can’t see any reason to buy it, with large amounts of further dilution due and the company in a position where it is unable to raise any further funds via an equity issue currently. I suspect that it will get rinsed by EHGO, and the £1.375 million debt is repayable after 12 months, along with a 5% interest rate, so where on earth is that money going to come from? Unless that debt also gets converted into shares and the death spiral financing continues. If you do try to have a trade here, just make sure you aren’t the one who ends up holding when it does come tumbling down.
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11/8/2019
07:56		pwhite73: livup967 - "and we can all put this to bed like it never happen" Like what never happened?. The RNS announced on 06/08/2019 or the crash in the share price to 0.12p. The first precipitated the second. ICON intends to raise £1.375m through the use of variable conversion loan notes identical to the ones that strangled the share price to near death before. 'put this to bed like it never happen'? What do you think happened? Tuesday's RNS was all a bad dream and mug PIs will wake up from the nightmare Monday morning to find the RNS gone missing and the share price back to 0.32p.
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08/8/2019
22:26		pwhite73: Your concern is not the dilution. It would be quite acceptable for EHGOS to own 99% of the company if the share price is at 1p. What DS is doing is extracting value from your holdings not by dilution but by issuing shares below the market price. That is what is killing the stock price and what death spiral financing is all about. DS is effectively transferring money held in the value of your stock into his and Iconic's bank accounts. The new death spiral finance is set at 90% of the share price and the warrants are set at 80%. Together these two will drive the share price lower than it is today and no amount of positive news can reverse this technical trend. Why do think even at this pathetic all time low price people are still bailing.
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