Insig Ai Share Discussion Threads

[nico115] 04/11/2022 08:36

Lots of debt here Propped up on a life support machine by Bernstein He will be fuming as to such little progress made here .The debt facility has nearly been drawn down hence the need for massive cost cutting .I won't touch this at any price awful rns

[nico115] 03/11/2022 17:00

I was thinking of investing and paying up but this was a big profit warning and I don't like companies that rns like that .Without Bernstein this would be sub 10pSo it's not for me I won't be buying any at any price

[banshee] 03/11/2022 13:18

Yes, it would be very much in their own interests to do, so but some people have an irrestible attachment to money in its purest form, especially when they have millions of shares or options already. Also a factor is whether they are stockmarket oriented people as RB certainly is.

Dovish comments from the BOE today re further rates rises will help calm things down a bit.

[judijudi] 03/11/2022 11:44

You can’t tell me that highly paid career execs can’t afford to chuck less than £20k at it per 100k shares 🤷🏻‍♂️

[banshee] 03/11/2022 11:35

Not much selling in evidence, so possibility it has been marked down to encourage more selling to fill a dir buy, I would not put any money on it though.

[pj 1] 03/11/2022 11:28

Roughly

RB £300k

Pearson? £10k.... I assume A NED?

McVeigh £15k

Cracknell £10k

All rounded off, dont blame me because they do not add up 🤔

[judijudi] 03/11/2022 11:19

PJ,
How many of those were RB’s?

[pj 1] 03/11/2022 11:13

I make it £330k Director buys within the last 12 months.

[banshee] 03/11/2022 11:05

TBF I think RB has a lot more spare cash than the others but also has bought plenty. With last years results on 22/12 they would not be in a closed period if the date this year was similar.

Not sure if we will see any dir buying this time, would certainly be welcome though. they won't mention timelines after missing with last forecast, that is unsuprising.

[judijudi] 03/11/2022 10:54

There has only been RB interested in buying on the board
Im disappointed to say the least
There wasn’t any mention of time lines for expected deals just that many were still live
Since inception it’s been a cash burning crock of shyte
imho

[pj 1] 03/11/2022 10:31

I agree that events out of their own control have been impossible to manage. However, it was their own strategy to go tally-ho for it, I believe they have the (AIM) world record for burning cash raised, via the RTO, within 12 months.

Off course if they had succeeded then I would have been the best investor in the UK! It is easy to criticise from the side -lines but I am struggling to value this Company at all now as the figures we did have have been withdrawn.

I'll be looking to see how heavily the Directors pile in now, especially the CEO, if prospects are still that good, as I assume from the narrative in the RNS that they will not be in any close period.

[banshee] 03/11/2022 10:02

It's Liz Truss's right hand man who was more of the problem I would say. The first quesion asked at the AGM was whether the pension turmoil would cause delays. That's a good question said RB, and yes could be if it goes on long enough (condensed version), something similar hapended with the Invasion of Ukraine but then things picked up after a few months until they were struck down again, this time by the Invasion of the Noddy Thatchers. Presumably they will pick up again in the new year if no further pink unicorn events occur.

The reduction in the company database expansion was something mentioned as happening anyway at the AGM, as as I posted at the time, with the implication it was not cost effective to pursue it further unless specific uncovered companies were requested, now it seems to be being repurposed as decisive cost cutting ;)

Looks like the first Carval payment is now going to be booked in q2, hence the cash flow +ve comment.

[noujay] 03/11/2022 09:56

If they go cash flow positive q2 next year the any associated costs will be in the forecast and by that measure won't be punitive. Presumably some of those affected will be on rolling consultancy contracts which can be switched off (and back on) quickly if and when required.

[pj 1] 03/11/2022 09:36

Not a good way to treat your workforce though is it?

How much will the one-off payments be?

I admit to not knowing how to take this RNS from a selfish investing perspective, but the minimum it has done is spread uncertainty, and we all know the market hates uncertainty.

[nico115] 03/11/2022 07:36

Obamas right hand man leaving was always a warning sign for me .Saying that sub 10p this could be interesting as now costs are being slashed .

[nico115] 03/11/2022 07:16

No wonder the shares have fallen of late.Not good.

[noujay] 02/11/2022 17:48

Insig article:https://ifamagazine.com/article/financial-services-sector-not-walking-the-talk-on-gender-pay-gap/

[banshee] 01/11/2022 10:38

No, I don't think they have actually signed anything significant that has not been announced yet, but i think these new deals are only delayed, hopefully not too long.

They are certainly very constrained in what they can say about Carval, but have given as many hints as they can, including inadvertently in the timing of the CLN redemptions, i.e they originally thought Carval revs before end Dec but now think Q1. It is reasonable to assume they have very up to date info from Carval on this.

A lot of prep work including, but not restricted to, marketing takes place before a fund gets up and running.

Another 50k buy I see.

[pj 1] 01/11/2022 10:13

In the update of 21st March INSG stated

''Based on our success
in securing the partnership with CarVal, we now have visibility that the scale
of these new funds can provide Insig AI with recurring revenues of several
million pounds per annum.''

and

''With the adoption of our new commercial strategy, Insig AI's revised business
plan forecasts revenues of £2.4 million for the year to March 2023, rising to
£6.2 million in the year to March 2024, to £12.5 million in the year to
March 2025 and to £19.0 million in the year to March 2026. An estimate of the
CarVal revenues are the only revenues included for the New Funds Launch
division. These forecasts exclude the Sport in Schools business.''

It is worth noting that they are business plan forecasts and not official market forecasts, which I believe would have to be audited as achievable by the Broker/Nomad. Maybe the cost of that is prohibitive currently?

Secondly, from Results on the 9th September

''Forecasting significant jump in second half revenues and for
following financial year and beyond''


''A number of contract wins expected by the end of next month''

''The corrective action we took is now expected to convert into a number of
contract wins: these are anticipated to close before the end of October.''

Subject to the track history of the Company from November last year when we were assured by INSG of positive news flow and contract wins which didn't materialise, rae we stilll in the position that INSG may have won substantial contracts after Results, but, for whatever reasons, are unable to RNS them?

I note INSG didnt refer to ''updating the market'' or ''advising the market by RNS'' which many Company's use in their own RNS's in referenc to future news flow.

[banshee] 01/11/2022 08:37

Because of what they said in the results about a number of deals coming by end Oct, we probably won't see a bounce without more of that (now delayed) news imo. Even though the rise in revs in H2 they also forecast in the results at the same time is predicated, I believe, on the first payment from Carval rather than short term revs from any new deals - which would nevertheless be very welcome, and more icing on the cake.

60k bought yesterday without any price movement shows still some stock around.

There was a revenue forecast made in March I think, of £2.4 million (excluding the Sports division) for this financial year. Depending how and when they book the first payment from Carval there is nothing to suggest that figure (made with Carval revs very much in mind) is not achievable, or even beatable - and it would represent a very respectable increase of 500% or so in core AI revenues over last year.

It might also make the company profitable in H2, or thereabouts.

[pj 1] 28/10/2022 11:02

The share price bounced from these levels back in March and August.

Will we get a hat-trick?