PATH
readmitted to trading soon. |
DRUM, Cash and asset shell valued just above its share price.
Going to invest in profitable tec companies in the U.K.
New web site, director has bought 10% of the company at today’s price, so you can get in at the start, prior to any deals being done.
He will not want to dilute his investment |
 RMS could help pandemic distress.
In three ways:
1. A potential imminent medtech-biosecurity acquisition.
2. RMS's Cloudveil security & risk management subsidiary.
3. RMS's GyroMetric remote monitoring & safeguarding subsidiary.
Remote Monitored Systems (RMS) 0.32p Market cap. £2.48M.
17/07/2020 07:00 UKREG Remote Monitored Systems PLC Potential Acquisition
"Remote Monitored Systems plc ("Remote Monitored Systems", the "Company" or the "Group")
Potential Acquisition
The Board of Remote Monitored Systems plc is pleased to announce that it has entered into an exclusivity arrangement and agreed outline non-binding heads of terms in respect of a potential acquisition of a company that operates in the fast growing medtech and biosecurity sectors.
The consideration for the proposed acquisition, should it proceed, is expected to be satisfied by the issue of new Ordinary Shares in the Company. The acquisition is subject, inter alia, to the completion of mutual due diligence by both parties and there can be no certainty that a transaction will proceed
Further announcements will be made in due course."
29/07/2020 07:00 UKREG Remote Monitored Systems PLC Cloudveil forms Strategic Partnership with Axis
"Remote Monitored Systems plc ("Remote Monitored Systems", "RMS" or the "Company")
Cloudveil forms Strategic Partnership with Axis Security
Remote Monitored Systems plc, Cloudveil Limited's parent company, is pleased to announce the foundation of a strategic partnership between Security and Risk Management Consultancy, Cloudveil, and Axis Security Services Limited ("Axis"), one of the UK's leading providers of Integrated Security Solutions.
The partnership will be launched with the delivery of a range of specialist consultancy services at one of Axis's most prestigious accounts. Cloudveil will provide its Management Information Platform, IRIS, at the City of London headquarters of a well renowned professional services firm. Main platform functions will be incident and crisis management, contract audit and reporting and performance measurement. Cloudveil will also provide Technical Surveillance Counter Measures and Close Protection services to the account.
Hugo Gillum-Webb, MD of Cloudveil said: "For a young company like Cloudveil, this is an extremely significant moment. Axis's organic growth rate is unmatched in the integrated security sector and their success and reputation, particularly in London is well deserved. We are delighted to be working with such a great company."
Trevor Brown, Executive Director of the Company said: "Cloudveil was an important acquisition for RMS and we anticipate this exciting business win for Cloudveil's management information platform, "IRIS" will prove to be one of many over the coming months." " |
Kazera Global could be starting an 'era unstoppable'.
KZG's progress upgrade this week is very positive news in the current pandemic.
Kazera Global (KZG) 0.675p Market cap. £4.60M.
30/07/2020 07:00 UKREG Kazera Global PLC Operational Update
"Kazera Global plc ("Kazera Global", "Kazera" or "the Company"), the AIM quoted investment company, is pleased to provide the market with an update on progress following its acquisition of Deep Blue Minerals on the 15(th) of last month:
-- The Company has successfully negotiated the purchase of all necessary machinery and equipment for the commencement of operations.
-- All of the machinery and equipment has now been delivered to the Company's operational site in the Western Cape and has been made "mine ready".
-- All necessary staff have been recruited and have successfully undergone the required medical and security checks, as well as the mandated training.
-- The above have all been achieved within budget and ahead of anticipated time scales.
-- Deep Blue Minerals have secured a sub-contract to mine beach diamonds in addition to the existing sub-contract to mine land diamonds.
-- Diamond mining will commence on 3 August 2020.
Further to progress on the Company's South African interests, the Company is pleased to note the successful completion of its most recent drilling campaign at its Tantalum Project in Namibia. A further Operational Update specifically on the Tantalum Project will be announced shortly as appropriate.
Dennis Edmonds, the Kazera Executive Director managing the Alexander Bay projects, commented:
"Considering the enormous obstacles imposed by Covid-19, the team have done a fantastic job in sourcing the necessary equipment from all over South Africa and getting it to site as quickly as they have and comfortably within budget. This could never have been achieved without our drive to meet our commitments to our shareholders or without the help and support of the concession holder, Alexkor RMC JV ." " |
Digitalbox could be a 'miracle that rocks'.
DBOX's profit upgrade this week is very positive news in the current pandemic.
Digitalbox (DBOX) 5.5p Market cap. £5.05M.
28/07/2020 07:00 UKREG Digitalbox PLC Pre-Close Trading Update
"Digitalbox plc (AIM: DBOX), the mobile-first digital media business, which owns Entertainment Daily and The Daily Mash, today issues a pre-close trading update for the six months ending 30 June 2020. The Company expects to announce its interim results on 8 September 2020.
Despite the impact of COVID-19, the performance of the Company in the first six months has been encouraging. As a result of the Company's strong operating margins, Digitalbox expects to report adjusted profit before tax ahead of management expectations. Furthermore, the cash balance has increased from GBP0.6 million at 31 December 2019 to GBP1.2 million on 30 June 2020.
Revenue for the six months ending 30 June 2020 is expected to be flat year on year at approximately GBP1 million. The two factors that drive revenue are the volume and value of advertising. The volume is reflected in the number of visits (or sessions) that the Company's websites receive from users that come to read the content. The value is the price paid by advertisers to reach these users during these sessions. The number of visits to the Company's website has increased significantly but this has been offset by the sharp fall in the value per session because of COVID-19. The executive team took measures to mitigate the impact of the lockdown to offset the revenue shortfall, which protected the profit margin.
The performance of the Company's online publishing assets has progressed during the period. Entertainment Daily which is focused on TV and showbusiness news had a strong six months. The number of sessions recorded was up 16% compared to the same period last year. In February 2020, Entertainment Daily had more than six million unique users to its site, a similar level to December 2019. December is historically the biggest month of the year for Entertainment Daily. In the second quarter, the lockdown dominated the news agenda and reduced the flow of entertainment news. As a result, revenue for the period was flat.
The Daily Mash, which the Company acquired in March 2019, has been successfully expanding its user base. The site saw record audience figures through the early stages of lockdown as the nation looked to brighten its mood. Top articles through the period included: ' School kid who didn't revise and prayed for a miracle scared of his own powers' ; 'Waitrose limits food sales to people with detached houses'; and 'Your guide to holding out till midday before starting to drink'. This increase was also helped by the Mash Report TV show which aired on BBC2 through April and May. The show achieved record viewing figures as it successfully adapted its production format. Importantly, its share of the younger audience demographic grew, which is a key metric for the BBC when judging success.
Like other media companies, Digitalbox has found trading very challenging because of COVID-19. While much uncertainty remains, there are some early signs in the third quarter that advertising spend is increasing. The Company remains cautiously optimistic that a positive advertising market upturn will occur in the second half of the year. This half is traditionally the Company's strongest trading period.
James Carter, CEO, Digitalbox plc, said: "Our success in the first quarter positioned us to withstand the challenges presented by COVID 19. We quickly adapted to deal with the new environment, and our content teams made a seamless switch to homeworking. Running a largely automated commercial operation through programmatic and header bidding solutions has enabled us also to continue the trading of our inventory without disruption.
"While the lockdown has presented great opportunities for the Daily Mash to showcase the talent of its writers, the flow of news for Entertainment Daily slowed as TV production stopped and celebrities were out of view. We remain cautiously optimistic about the second half of 2020 as big TV shows return to our screens, retail opens up again, and the economy returns to a more positive position." " |
#RTO JPMorgan Cazenove upgraded its recommendation on shares of Rentokil Initial to ‘overweight’ from ‘neutral’ on Friday and lifted the price target to 560p from 430p as it pointed to earnings upside and M&A optionality. |
SYME RTO to date has been a sorry affair, down 70% plus since listing in March. The news since has been good.Now might be the time to pick up some value as institutions paid just short of today’s market cap for just 15% of the total equity just 8 weeks ago. |
IHC looks like an inspiring choice for these challenged times.
Inspiration Healthcare (IHC) 58.5p Market cap. £22.45M.
06/05/2020 07:00 UKREG Inspiration Healthcare Group PLC Trading Update
"Inspiration Healthcare Group plc (AIM: IHC), the global medical technology company today provides a trading update, in light of the economic and social disruption caused by the COVID-19 pandemic.
Trading Update as at 30(th) April 2020
The Group has enjoyed very strong trading in the first quarter of its financial year with revenues up by 27% on the comparative period last year. This increase in revenues does not include the contracts won for the supply of ventilators to the UK National Health Service announced on the 16(th) and 20(th) March 2020 which, when combined, are worth over GBP5 million of additional revenue and are expected to be accounted for in the second quarter of the financial year. Without these exceptional orders, the Company's order book remains strong and the Company is receiving considerable interest in its products.
Neil Campbell, Chief Executive Officer of Inspiration Healthcare commented: "I am delighted with our performance so far this year; it positions us very well for continued growth. The current situation has presented challenges for many companies and it is a tribute to our team, along with our outstanding suppliers, that we are still supplying vital intensive care equipment and the support that goes with its use. We look forward to shipping the ventilators we have orders for to the NHS and to the rest of the year with confidence." " |
Reasonably defensive...?.
Perhaps take a look at the what happened to RTO during the last recession?... |
BYOT and thisnshould do well |
Zinc Media (ZIN) was formerly known as Ten Alps (TAL), which was co-founded in 1999 by Bob Geldorf, and acquired Reef Television Limited in 2015 which constituted a reverse takeover under AIM rules.
It has had a chequered history, multi-bagging in some periods but falling heavily in others, but now looks like a good recovery buy ... although obviously success isn't guaranteed.
Zinc Media Group PLC (ZIN) 81.0p Market cap. £6.43M.
17/01/2020 07:00 UK Regulatory (RNS & others) Zinc Media Group PLC Launch of Placing via Accelerated Bookbuild
"Proposed Placing, Preference Share Conversion, Debt Conversion, Debt Variation, Share Consolidation, Article Amendments and Capital Reduction
Zinc Media Group plc, (AIM: ZIN), a leading TV and multimedia content producer, is pleased to announce a proposed placing of GBP3.5 million (gross) via an accelerated bookbuild placing to institutional investors and other investors, alongside a preference share conversion, debt conversion, debt variation, share consolidation, article amendments and a proposed share consolidation; such that every 500 Existing Ordinary Shares are consolidated into one New Ordinary Share. The Placing is being conducted at a price equivalent to 0.18 pence per share, or 90 pence per share as adjusted for the impact of the Share Consolidation (the "Placing Price").
The proceeds of the Placing will be used primarily to fund the Company's four-point transformational plan, adopted in September 2019 by the Group's new management team, to address issues of the past and enable it to capitalise on its significant market opportunity. The transformation plan prioritises the delivery of improved margins and a diversified revenue base, whilst driving cultural and creative renewal and building operational excellence. The balance of the Placing proceeds will be used for servicing of existing debt and for general working capital purposes.
Herald, the Company's largest shareholder, has indicated its intention to support the Placing. In addition, it is proposed that Herald receive New Ordinary Shares pursuant to the Preference Share Conversion and that John Booth, another member of the Concert Party, receive New Ordinary Shares pursuant to the Debt Conversion. The aggregate proposed issue of New Ordinary Shares to the Concert Party would be such that the increase in its percentage holding of voting rights in the share capital of the Company, would require a waiver pursuant to Rule 9 of the City Code on Takeovers and Mergers. The Placing, the Preference Share Conversion and the Debt Conversion are therefore conditional, inter alia, on the Panel granting the Waiver and approval by Independent Shareholders of the Whitewash Resolution.
The Placing is being conducted by N+1 Singer, the Company's nominated adviser and joint broker and Peterhouse, the Company's joint broker.
Mark Browning, CEO, commented:
"I am delighted that our existing shareholders, supported by significant new investors, have backed the Group's transformation plan. This placing will allow Zinc to invest in the plan and enable the Group to deliver future profits following a period of transition." ..." |
ORM looks interesting: it should have cash far above its current market cap. after its proposed disposal is approved next week: for EUR 6M., which is about £5.08M. (1 Pound sterling equals 1.18 Euro.)
Ormonde Mining PLC (ORM) 0.65p Market cap. £3.07M.
08/01/2020 12:58 UK Regulatory (RNS & others) Ormonde Mining PLC Proposed Disposal
"Ormonde announces that it has entered into a conditional Sale and Purchase Agreement ("SPA") for the disposal of the Company's 30% interest in Barruecopardo Joint Venture BV ("Barr BV"), the joint venture holding company for the Barruecopardo Tungsten Mine (the "Mine") in Salamanca, Spain, to Oaktree Capital Management ("Oaktree") for a total net cash consideration of EUR6 million (the "Disposal"). ...
The Disposal constitutes a fundamental change in business of Ormonde pursuant to Rule 15 of the AIM Rules and Rule 5.20 of the Euronext Growth Rules and therefore requires the approval of the Shareholders at an EGM of the Company. A circular, which will contain further details of the proposed Disposal and use of sale proceeds and a notice of EGM containing resolutions to approve the Disposal, will be posted to Shareholders in mid-January and will also be available on the Company's website at hxxp://ormondemining.com/. The EGM is expected to be held at the Crowne Plaza Hotel, The Blanchardstown Centre, Blanchardstown, Dublin 15 on 12(th) February 2020 at 11am. ..."
27th Jan 2020 4:39 pm RNS Publishing of Circular and Proposed Board Changes
"Ormonde announces that it has published a circular, notice of extraordinary general meeting and form of proxy ("the Circular"), relating to the proposed disposal of Ormonde's 30% interest in the Barruecopardo Tungsten Mine ("Proposed Disposal"). The Circular has been posted to shareholders today, with a copy of the document to be available shortly on the Company's website www.ormondemining.com, in accordance with the AIM and Euronext Growth Market Rules.
The Extraordinary General Meeting to seek shareholder approval for the Proposed Disposal will be held at the Crowne Plaza Hotel, The Blanchardstown Centre, Blanchardstown, Dublin 15, at 11.00am on Thursday 13 February 2020 (a change from the previously indicated date of 12 February 2020). ..." |
LSE % Gainers Top Lists
EPIC Name %
+224% KAT Katoro Gold
+60% CBUY Cloudbuy
+48% KIBO Kibo Energy
KIBO has finished third on the top risers board today, up 0.195p (48.1%) to 0.6p.
30/01/2020 16:19 UKREG Kibo Energy PLC Update re Katoro Gold plc
"Kibo Energy PLC, the multi-asset, Africa focused, energy company, is pleased to note the announcement released by Katoro Gold plc ('Katoro') in which it holds a 54.58% interest. This is in regard to Katoro's participation in a strategic gold production opportunity in South Africa, focused on the reprocessing of an existing 1.34 million ounce of gold JORC compliant tailings resource.
The full announcement can be found at Katoro's website: hxxps://katorogold.com/investors/regulatory-news/. " |
'OFF-TOPIC'
Not a shell or RTO, but an undervalued penny share opportunity that looks a good buy:
Kibo Energy PLC (KIBO) 0.425p Market cap. £5.3M.
Thanks to Edgein for this useful KIBO 'summary' three days ago:
Edgein 6 Dec '19 - 11:19 - 2854 of 2868 0 2 0
"Lurker,
You are completely wrong. KIBO has working interests in multiple coal developments which they own, they're not options. They then used those resources to establish bankable feasibility studies for CTP projects which they've completed and another one towards DFS level. Today's reorganisation is setting them up for another 35% direct ownership in a circa 700Mt coal resource. So not only have KIBO set themselves up for multiple revenues streams from future coal production from their assets they're looking to develop coal to power on all of their assets too.
Today's reorganisation is progressing to another one of these that can lead to multiple revenue streams from not only the coal production, but also KP1 and now KP2 which expands the potential from just KP1. This greatly benefits both KIBO and Shumba.
Add to that the recent acquisition of the bordersley project, the first of many planned peak usage power generation sites with EPC with AB for its development. So KIBO have multiple assets, not just options, and lots of plans to expand those assets into CTP projects using clean coal technology and carbon capture etc. I guess that's why their current NAV is about £27m.
Regards,
Ed." |
Another comparison for the 'intelligent investor':
1. Yolo Leisure & Technology PLC (YOLO) 14.0p Market cap. £10.1M.
146.05% premium to last published NAV.
03/12/2019 07:00 UKREG YOLO Leisure & Technology PLC Final Results
" ... As at 30 September 2019, gross assets were GBP2,995,972 (2018: GBP3,441,504) and the net fair value of investments held was GBP2,684,091 (2018: GBP3,083,995). Total net assets were GBP2,968,527 (2018: GBP3,408,811) which represents 5.69 (2018: 7.72) pence per share. ... "
2. FastForward Innovations Ltd. (FFWD) 6.2p Market cap. £10.01M.
47.50% discount to last published NAV.
11/09/2019 08:00 UK Regulatory (RNS & others) FastForward Innovations Limited Results for the year ended 31st March 2019 LSE:FFWD Fastforward Innovations Limited
" ... The net assets of the Company at 31 March 2019 were GBP19,072,000 (2018:GBP13,534,000), equal to net assets of 11.81p per Ordinary Share (2018:10.18p per Ordinary Share). ... "
If FFWD was trading at YOLO's premium, FFWD's share price would be 29.11p. |
PATH will be one to watch when it shortly relists. |
MILA has edged up further recently, in anticipation of a potential RTO: currently 1.75p (market cap. £406K.)
Here are some key phrases from MILA's 31.10.19 RNS:
• "extremely exciting opportunities"
• "at least one of these opportunities"
• "a swift replacement"
The phrase "extremely exciting opportunities" is clearly very bullish, especially from a company that is not known for its hyperbole.
The phrase "at least one of these opportunities" means that multiple acquisitions are potentially on the cards, and also increases the chances that there will at least be something.
And the phrase "a swift replacement" indicates that we shouldn't have to wait long.
A non-resource and domestic RTO should be relatively quicker, cheaper, and simpler to arrange.
Whereas foreign acquisitions obviously increase costs, and resource acquisitions tend to have more complicated due diligence, and risk of abortion.
In addition, two other potential barriers to an RTO don't apply in MILA's case:-
• It's a 'new', 'clean' shell, as opposed to a 'dirty' shell that previously housed another business, which can have left some toxic baggage.
• It's very lowly-valued, including re. cash, so there is no problem of shell overvaluation putting off interested parties.
Here's the "extremely exciting opportunities" sentence in full:
"The reduction of investment routes for smaller businesses following the continued uncertainty over Brexit has driven some extremely exciting opportunities towards Mila."
That sentence highlights a paradox of shells.
A period of stockmarket jitters can effectively close down the IPO route for many companies for a while, effectively increasing the opportunities for a good shell ... and that shell's potential valuation.
It sounds like that is happening here, and that there could well be competing businesses vying for MILA's attentions.
Such competition would mean that MILA could take the pick (or picks) of the bunch, and also negotiate a better deal.
I would think-hope that an RTO here would be priced in the 3p to 4p range, and it could potentially be more in the right circumstances.
And of course after the RTO the expanded company will in effect be like a new issue, and as with any good new issue could itself do extremely well going forward ... including a potential big initial premium to the issue price. |
It was a change of investment strategy to focus on technology that triggered YOLO's quadrupling this month to about 10p:
02/10/2019 06:00 UK Regulatory (RNS & others) YOLO Leisure & Technology PLC Placing and Investment Strategy
" ... Investment Strategy
The board of directors has conducted a review of the Company's investment strategy. One outcome of that review is that the board has decided that, in the light of the current market conditions and pipeline opportunities, within the scope of its current investment strategy it should give particular focus to technology opportunities in the fields of big data, machine learning, telematics and the internet of things (IoT). ..."
Similarly, it was MMO's switch to technology that triggered its rapid multibagging (see my post 151 above):
tomboyb 9 Feb '16 - 08:23 - 619 of 627
"In case anyone has missed it - MMO moving to fintech area"
Within a year MMO had more than 20-bagged. |
A MILA after hours RNS this evening: they are negotiating some "extremely exciting opportunities" to RTO!
And they have been pursuing a new strategy, looking beyond the resources sector: this will almost certainly include the tech sector!!
31/10/2019 17:00 UKREG Mila Resources PLC Final Results
" ... Highlights
-- Ongoing appraisal of investment targets in regions with strong valuation or cash-flow growth potential
-- Mutually terminated a proposed reverse takeover of Capital Metals Limited
-- Broadening of investment horizons
-- Strong balance sheet position with cash balance at the end of the period
Chairman's Statement
Dear Shareholder
We have pleasure in presenting the financial statements for the year ended 30 June 2019.
Following Mila's re-listing and broadening of its horizons we remain open minded about which industries we might invest in while retaining our key criteria for delivering excellent value for our shareholders. The mutually terminated proposed reverse takeover of Capital Metals Limited, while disappointing, has driven our new strategy which we hope will lead to a swift replacement. The reduction of investment routes for smaller businesses following the continued uncertainty over Brexit has driven some extremely exciting opportunities towards Mila. Negotiations are already well underway on these projects and we hope that at least one of these opportunities can be Mila's first acquisition.
We formed the Company to undertake an acquisition of a controlling interest in a company or business (an "Acquisition"). Any Acquisition is expected to constitute a reverse takeover transaction and consideration for the Acquisition may be in part or in whole in the form of share-based consideration or funded from the Company's existing cash resources or the raising of additional funds.
I look forward to reporting our progress to you over the next period. ... " |
Watch MILA - moving up again now, to 1.575p.
This is a main market investment shell, valued at just £365K. at its current share price of 1.575p, and with £573K. of cash at the interim period end (interim results 29.3.19). |
I bow to your superior knowledge & clearly admit my lack of research. into ffwd.
However i do have a bit more idea about Tern, & it is very interesting to note that you have taken the posting from the site that is part of the reason Tern has failed to thrive on Aim.
Keyscaler has a link to intel & Microsoft.
14/5/19 Device Authority, a global leader in Identity and Access Management (IAM) for the Internet of Things (IoT), today announced two of its latest KeyScaler platform developments with Microsoft Azure IoT Hub Device Provisioning Service (DPS) and Docker.
Does the quote you have chosen sound accurate?
A little more research on the other thread, which again is heavily blocked by now identified shorters, would perhaps be worth your time.
Tern is holding significant positions in the IOT mkt, which has enormous potential, & is sharing a platform with their partner Micro soft, that's after sharing one with Thales this week.
Many thanks for your help, i must keep an eye on ffwd.
Cheers Hay.
Its not about contacts for DA, & never was is a model, where they link with the customer & in the chips to provide ongoing security. I am too old to recall the name. |
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