It looks like the 8% fall was due to a 240K seller at 155/156p.
Market makers were working the book in the afternoon, so cheap stock was around for a few hours. Just hope a few weak holders weren't shaken out as today it's back to 162p-167p.
A good opportunity to top up if you were quick off the mark. :-))
Happy days |
I can't find any reason for yesterday's 8% fall. I can only assume there was a large seller in the background as no large trades were visible. Soluna looks more embedded in California every day. A search reveals increasing numbers of references to it, and I've seen young people traumatised by the recent fire being referred to it. |
- 2024 revenues are anticipated to be in line with consensus market expectations of £65.8m (2023: £33.3m).
- Adjusted EBITDA is expected to be at or ahead of the top of the range of analyst forecasts of £12.7m (2023: £2.3m), (helped by certain items one off's)
- Cash position to £21.5m during 2024, from £11.0m as at 31 December 2023
- Maintains an undrawn working capital facility of $9.5m.
MCAP £63m
Interestingly no news of Soluna UK |
There it is and overall seems good. Tim moving on but Kate taking over. |
Was hoping for a trading update today, perhaps tomorrow ? |
Some buying before the update ? |
Nice Christmas Presents from Kooth |
You've heard of short term trades. Good for you.
Is it worth the effort even explaining this...probably not.
That post is your level. |
I've heard of short term trades but to change from "this is a buy" at 11:09 to "this is too risky" by 11:35 is amusingly bizarre! Lol |
 Followed Harwood in here for a speculative high risk trade.
(EDIT 11:09: Well, it is RKW, but all under that Harwood Umbrella I think it is. RKW were the best performing fund weren't they)
Harwood done their homework here?
They have just disclosed 4.5%, which has got a few interested. Are Canaccord done selling though? Or are Harwood going to clear them out.
If that is the case, then it could break out from here.
Spread is pants with these illiquid ones though.
All imo
DYOR
UPDATE 11:17 So Root Capital sold a wedge at 280p in early October and have a 90 day lock in. Would RKW buy here if they knew Root were going to lob more at these price levels?
Hmmmm. It is one of those horrible, almost binary type of plays with the loss of contract and current uncertainty. Oooerr,, the research here must have been deep to buy that stake. Wonder if they have got it right.
UPDATE 11:35 Just piecing it together. Yes, this as risky as I suspected. Not a comfortable hold for me, personally. It will be an exit if there is no momentum. I just wonder if other funds will follow Harwood in. If that were to happen in the near term (without any bad news hitting the tape), then it could break out higher. Or do Root lob a load more after the 90 day lock in at discounted prices. Spew...too messy to get too involved with beyond a little position. But yeah, a few high level thoughts. |
Two mental health services suspended as part of a programme to make £5m of saving for Manx Care are set to be reinstated, the chief minister has confirmed.
Kooth and Quell, which provide access to immediate mental health counselling online for adults and young people, were paused in a bid to save around £30,000.
Speaking in the House of Keys, Alfred Cannan the move had been reversed after "an element of concern" surrounding the savings "versus the impact it would have".
He also confirmed the temporary total closure of the Minor Injuries Unit (MIU) at Ramsey Cottage Hospital had been among the now rejected new proposals to further reduce costs.
Manx Care was given an operating budget of £347m this financial year, but projections in September forecasted a £16.8 overspend.
The island's health care provider subsequently announced a range of staffing and service changes in a bid to save £5m by April. |
Some big late trades there, looks like they were buys judging at the trade time and spread |
On 30 October 2024, Timothy Barker (Chief Executive Officer) purchased 20,000 Ordinary Shares in Kooth at a price of 160p per Ordinary Share at a total value of £32,000. Following the transaction Timothy Barker has a total interest of 861,692 Ordinary Shares, representing 2.30% of the total voting rights.
On 30 October 2024, Sanjay Jawa (Chief Financial Officer) purchased 20,000 Ordinary Shares in Kooth at a price of 160.5p per Ordinary Share at a total value of £32,100. Following the transaction Sanjay Jawa has a total interest of 373,981 Ordinary Shares, representing 1.02% of the total voting rights. |
That late reported trade - 275,000 @ 160 may have been a sell timed at 10:40 odd |
Clearly a buy order today, none stop pi selling followed by large worked buys.
No position yet but watching still |
And a scaling additional revenue ladder dependant on active users from 366k to 960k |
Cali has a 180d notification of termination clause |
The solution is pretty simple, rebuke the false statements exactly how GRETAGARBO has done.
I would even go as far as taking legal opinion (as is the USA way) unfortunately the pressure group has no funds to go after. |
I don't disagree, but when perception and pressure can (and maybe have already) impact contracts, it's a core risk to the equity story. What the solution is, is less clear
Eric |
The ‘pressure group’ has pedalled many untruths about the Kooth service and how it works. The platform is moderated and provides a space where young people can talk about concerns they experience - the anonymity is actually there to safeguard those young people where families are not safe. Staff are carefully recruited. No personal information is allowed between young people on the boards and as explained, it is a pre post moderated space. The conservative backlash comes from a sentiment which argues young people should not be allowed a safe moderated space where they can speak confidentially and yet time and time again young people say this is what makes a space like this so important. |
Just a load of BS from the pressure group in Pennsylvania
This is the actual contract :
p136 - p144 8 pages on Information Confidentiality and Security Requirements
6.8 Background Check. Before a person may access DHCS PCSI, a thorough background check of that person must be conducted, with evaluation of the results to assure that there is no indication that the person may present a risk to the security or integrity of confidential data or a risk for theft or misuse of confidential data. The Contractor shall retain each person’s background check documentation for a period of three (3) years following contract termination. |
Interesting to see the great work Kooth are doing |
Contracts are confidential and under NDA so we'll never know but I would expect penalty clauses and break clauses. Kooth tailored the product and agreed to promote it in county so I expect they have a minimum contract value, it's all now about take up.
"State Sen. Caroline Menjivar (D-Van Nuys) asked Baass at the hearing whether “there’s room to get out” of the contract altogether" If this was possible then they may have done it already. I don't like the volatility and uncertainty but they have again re-itterated 24 and 25 expectations so I guess they have a 2 year tie in - minimum |
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