Insig Ai Share Discussion Threads

[nico115] 09/3/2022 18:17

Thanks for that PJWny are no holders averaging at these prices after such a big fall?I have no view yet.Just trying to gauge where there might be some value.RB was buying at 50p ,a mkt cap of 55m ! What the hell was he drinking ?

[banshee] 09/3/2022 18:15

FDB is the only part of the co with concrete forecasts/t/o related targets, £900k next year i.e FY starting 1.4.22, then £1.9 mill the following year from memory.

[pj 1] 09/3/2022 18:14

JJ . Don't look in tomorrow morning. Late trades 8% below the advertised bid does not bode well.

[pj 1] 09/3/2022 18:03

nico. I am not aware of any forecasts, or broker note. The CEO did assure us back in November that positive cash flow and forecasts would be at the end of March.

[pj 1] 09/3/2022 18:00

We are now very much towards the end of Q1 and I'm afraid so far the CEO interim results comments of December ''"I am pleased to report that both in the coming quarter and beyond, I expect this momentum to build very significantly.'', have so far produced very little.

Off course the CEO interpretation of significant'' is probably different to ours. I have already criticised them for playing on words in previous RNS's. Im sure they will argue and keep us hidden with claiming the momentum is building, even though we see evidence of very little results wise. .

I really hope this isn't yet another BoD who issue such claims as ''Revenues building nicely'' and then come in with £148k (yes , thousands not millions)

My concern is that the Co is still expensive on quite a few metrics.

The interim Chairmans comments in December were also worrying.

''However, without good
commercial structure and discipline, it is not a sufficient condition. '' Clearly INSG was not aligned for growth? No structure and no disciplin :-0

''The business is already benefiting from his experience,
structure, and professionalism.'' So, it was unprofessional then previously?

''Whilst it is widely accepted that contract wins of significant size are rarely
quick, it was apparent that in order to accelerate that cycle, eliminating the
wait to obtain a potential client's portfolio associated data needed to be
addressed. That is why the FDB Systems Limited ("FDB") acquisition is
important.'' It looks like the RTO was built on quick sand, as this wasn't planned. I wonder why he didn't reference the (his) finding fee?

[nico115] 09/3/2022 17:59

105m shares in issue So at 30p mkt cap of 31mWhat are forecasted profits for 2023 and 2024 ?TIA

[banshee] 08/3/2022 13:10

Ironically, graphs of the share price performance of INSG since its float, and RENX in the same timeframe, would look remarkably similar.

[banshee] 08/3/2022 13:02

Not sure the departure of the old chairman was entirely voluntary, or that his skillset was ever a good fit. It is easy to contruct false narratives that reflect whatever way the share price is going. At least in theory the new Commercial director is more important, and indeed could have been appointed Chairman. The NED was certainly a loss though I have never seen one depart before saying he looked forward to advising the company free of charge before.

It is lack of deals that is the real problem imo, that last one appears to be 'just' the full version of the August announcement which will allow the incorporation of its figures in the April note, and recent events inevitably make people cautious when it comes to signing.

[nico115] 08/3/2022 12:32

Thx v much

[pj 1] 08/3/2022 12:29

At admission, Exec chairman and 1 ned have since bailed out.

Existing Directors Matthew Todd Farnum-Schneider (Chief Executive Officer and
Interim Chairman)
David Hillel ((Finance Director)
John Christopher Murray (Independent Non-Executive Director)
David John Coldbeck (Non-Executive Director)
John Zucker (Non-Executive Director)

Proposed Directors Steven (Steve) Wallace Cracknell (Chief Executive Officer)
Warren Paul Pearson (Chief Technical Officer)
Peter Lee Rutter (Independent Non-Executive Director)

Proposed New Board (to take Matthew Todd Farnum-Schneider (Executive Chairman)
effect on Admission) Steven (Steve) Wallace Cracknell (Chief Executive Officer)
Warren Paul Pearson (Chief Technical Officer)
John Christopher Murray (Independent Non-Executive Director)
Peter Lee Rutter (Independent Non-Executive Director

[nico115] 08/3/2022 12:21

Is the old Chairman Richard Owen still on the BODIf he isn't then this is more investable I didnt rate him at all.Maybe this new guy is worth backing ?

[banshee] 08/3/2022 12:12

He has a good CV, but I think there is a concern that McVeigh's skillset is not as transferrable to INSG as some people there might imagine, I used to be acquainted with board of Vodafone years ago when it was in a more much more aggressive growth stage, and it is hard for me to believe any of them could have made the same transition usefully.

Time will tell, though zero visible evidence he has added anything so far anyway. The award of (further) options to to other employees is probably more understandable as there is a lot of competition for people with their skills and the share price fall must be demoralising for them too.

[pj 1] 08/3/2022 11:24

2 Directors quit , including the EXECUTIVE Charmain, with no orderly handovers. Nothing mentioned in the Admin doc about this and only weeks earlier he had quoted '' where WE are taking the Company''.

The current interim chairman trousers a large ''finders fee''.

The CEO is already paid way over the accepted and fair norms.(plus expenses?) No doubt other Director pay will follow this precedent.

A lack of tangible progress and opaque RNS's giving little detail.

Inferred RNS contract news flow hasn't materialised

Sky high valuation

Existing shareholders already with large paper losses, whilst witnessing Director greed.

I accept I am cutting my nose of to spite my face, but based on the above and what is available to research in the market, then unless you have correct inside information*, then this Co is currently bargepole and totally uninvestable.

*many Directors leak ''inside information'' which in reality never materialises.

All IMO.

[pj 1] 08/3/2022 11:10

Normally options are ''awarded''. However, INSG '' has agreed to issue Colm McVeigh,''

It looks to me as if Colm has held a gun to INSG 's head, and called the shots, especially after 2 Directors have already quit, knowing full well they cannot afford the hat trick.

If so, that opens up questions as to how much this has been orchestrated.

[nico115] 08/3/2022 10:26

Was thinking of making a purchase as hit my buy price But this Rns today is awful

[banshee] 08/3/2022 09:45

It's a third rate RNS, in more ways than one
"The vesting of the Options is conditional on the continued employment of the option holder which also lapse should the option holder no longer be employed by the Company" sounds like someone struggling with English as their second language. Maybe the natural language processing tech wrote it.

[judijudi] 07/3/2022 17:30

Oh I’ve noticed a lot
It’s been a dead loss virtually since re-listing
A quick jump to £1 and then a continuous drop
Nothing to do with the present macro economic conditions
It’s been going on for nearly a year
Shambolic that’s what it is

[busterdog2] 07/3/2022 17:23

Perhaps you hadn't noticed the macro economic conditions at present? Insig isn't on its own.