Kooth Share Discussion Threads

[sphere25] 27/11/2024 16:34

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.

[oilinvestoral] 27/11/2024 13:09

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

[sphere25] 27/11/2024 11:00

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.

[hatfullofsky] 06/11/2024 10:13

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.

[hatfullofsky] 30/10/2024 21:55

Some big late trades there, looks like they were buys judging at the trade time and spread

[hatfullofsky] 30/10/2024 13:45

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.

[hatfullofsky] 29/10/2024 22:18

That late reported trade - 275,000 @ 160 may have been a sell timed at 10:40 odd

[dave4545] 29/10/2024 21:32

Clearly a buy order today, none stop pi selling followed by large worked buys.

No position yet but watching still

[hatfullofsky] 28/10/2024 20:22

And a scaling additional revenue ladder dependant on active users from 366k to 960k

[hatfullofsky] 28/10/2024 20:21

Cali has a 180d notification of termination clause

[hatfullofsky] 28/10/2024 08:34

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.

[pireric] 27/10/2024 21:58

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

[gretagarb0] 27/10/2024 13:10

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.

[hatfullofsky] 27/10/2024 12:18

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.

[hatfullofsky] 25/10/2024 12:05

Interesting to see the great work Kooth are doing

[hatfullofsky] 25/10/2024 09:59

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

[74tom] 25/10/2024 09:35

It's the definition of a falling knife. If they did want to defund a 4 year contract just months after starting it, will they attempt it again next year? What protection does Kooth have in the contract? If they agreed to hire 200 employees then I can't imagine there wouldn't be some major penalties for ending it years early? Without visibility on these details I think it's univestable.

I also really don't like the fact there was a secondary placing less than 2 weeks before this all dropped, it is not a good look at all.

[dave4545] 25/10/2024 09:19

Freefall watching it on L2 and always well offered too.

Might be a trade but from what low price ?

[pireric] 24/10/2024 17:32

FYI



Eric

[hatfullofsky] 24/10/2024 15:41

It's trading below the price on the California Contract announcement on 16/03/23 185p (so that's now in for free) and the £10m placing at 261p

It's now on an EV of £55m (inc £15m cash)

[hatfullofsky] 23/10/2024 12:21

Would be nice to see some director buys

[hatfullofsky] 21/10/2024 09:13

Loss of a $3m contract wipes £20m off the MCap.Contagion worries ? I think the worries are over done.California is a strong democratic state, Pennsylvania is a swing state so maybe axing a somewhat "contentious" pilot will draw in votes.Mental health is always a tricky subject with results hard to measure but just having a platform available to those in need is a huge step forward.