Seed Innovations Share Discussion Threads

[888icb] 20/4/2023 10:54

Hopefully when OTO does an IPO in due course we will see a much better return on our investment.

[babbler] 20/4/2023 10:44

£90k profit for seed overall?

[888icb] 20/4/2023 09:30

OTO acquires South West Brands for £7 million and forms new company
OTO has acquired South West Brands’ (SWB) wellness portfolio for £7m and merged the two businesses to create global consumer packaged goods company OTO Group.
The company will build on “the rapid success of both entities”, creating a portfolio of global, female-focused wellness brands that are focused on innovation.

Luxury wellness brand OTO, which is known for its CBD products, acquired menstrual and perimenopausal wellness brand FEWE, skin care range Love MeMeMe and CBD-infused soft drink company Botanic Lab in the deal.

“The consumer need for wellbeing and self care products is on the rise, with the global wellness market already worth trillions, and [it is] still growing at a 5.5% CAGR,” said James Bagley, CEO of OTO Group.

“The market is at an inflection point, as early players and sub-standard products make way for leading brands and lifestyle propositions that are thoughtful, effective and set to drive explosive growth.”

OTO Group has also secured additional funding to accelerate its growth ahead of a potential public listing

[888icb] 20/4/2023 09:26

There should be an `RNS soon as South West Brands as just announced it has been acquired.

[beerboy02] 19/4/2023 20:20

Seems this is going no where just spiralling down to zero, another bad call.

[dave4545] 17/4/2023 11:22

So long as they do not revert back to past history and sell off their treasure for a pittance the little green pharma holding could be a money spinner.

Hard to believe I sold some of these for over 15p Winter time 2020-2021...or just over 2 years ago

[amelio] 11/4/2023 21:15

This is SED all over just with an Extra E :-)

Beaten up stocks move incredibly fast.

[amelio] 11/4/2023 19:46

This is starting to look very attractive from both a ridiculously undervalued and technical perspective.

Not often you have the chance to buy where incoming cash, let alone NAV, is above mcap.

Chart wise this looks like it’s about to go on a belter of a run.

ST Target 4.5p

[1retirement] 11/4/2023 10:47

Good to see you back. Isn't everyone under water here? Except Bill, his average is exceptional for having been in this for years.

[888icb] 11/4/2023 09:56

Ed Still losing on his Investment
Ed won’t be pleased with the rise so far as it leaves him still losing on his first share purchases which were at 2.52p and 2.69p. SEED is about to receive £2.45 million into its account with the same again in 12 months. That £5 million cash is more than the current market cap so all SEEDs other assets are in for nothing. Avextra alone is valued at the current market cap. This share needs to at least 3 bag to get anywhere close to NAV. The rerate should start to build on todays news

[888icb] 11/4/2023 08:59

RNS:
Leap Gaming Update - Offer Declared Unconditional
Divestment will secure approximately EUR5.8m Cash to the Company over 2 year period
SEED Innovations Ltd, the AIM quoted company focusing on making investments in fast growing and industry leading businesses with a focus on the medical cannabis, health and wellness space, is pleased to announce that, further to the announcement of 7 December 2022, the sale of portfolio company Fralis LLC (trading as Leap Gaming, 'Leap'), is now unconditional and completion has occurred ('Completion').
As previously announced, Leap entered into a conditional Sale & Purchase Agreement ('SPA') for the sale of the remainder of Leap to existing unitholder IMG Arena US, LLC ('IMG') based upon an enterprise value of EUR14 million (the 'Leap Transaction'). IMG is an existing investor in, and was the second largest owner of, Leap. Following the transaction, Leap will be wholly owned by IMG.
Sale proceeds due to SEED will be received by the Company in the coming days as follows:
-- EUR2.8 million being 50% of the sale proceeds due to SEED under the agreement (and after adjustment for working capital and repayment of debt); and
-- EUR268,000 being repayment of the Company's EUR250,000 term loan (as announced on 8 June 2022), together with accrued interest.
The second tranche of sale proceeds, being EUR2.8 million (calculated as the remaining 50% of the sale proceeds and subject only to any claims under customary warranties & indemnities,), is expected to be received in April 2024, being the 12-month anniversary of Completion, as per the terms of the SPA.
The Company intends to use the proceeds received for making further investments in accordance with its investing policy.
Ed McDermott, CEO, commented : "I am pleased to be able to confirm to shareholders that the sale of Leap to IMG Arena has been declared unconditional and has concluded in line with the anticipated timelines. The initial cash proceeds, and the balance paid on the 12-month anniversary of Completion, provides us with liquidity at a time where we are seeing some very promising investment opportunities. We strongly believe that our portfolio has the potential to create short, medium- and long-term value creation.
"We wish Leap and IMG well in the future."

[mellonsbellend] 07/4/2023 14:56

They are getting half the cash now and half in a years time IF conditions are met. True. The discount is totally down to Ed's mismanagement of the fund and his obvious lies of £50m mcap when he already knew he was about to give away Leap.

[westendwinston] 07/4/2023 00:58

How gullible - in these markets - it will be lot lower rather than higher

[soultrading] 06/4/2023 16:09

i thought that tweet was good, suspect we will see something in the pipeline next week.

[yogaboy] 06/4/2023 14:57

I mean, we are getting ballpark five million quid for Leap Gaming, so the market values the entire remaining portfolio at or below zero.

[yogaboy] 06/4/2023 14:52

Is this the same Ed that forecast £50m by the end of last year? Or was that the year before?

[biggest bill] 06/4/2023 13:09

Does Ed not realise that he is the reason why the stock is very discounted?

[bdog51] 06/4/2023 10:21

Ed McDermott tweeted - I believe over the coming weeks/months we will demonstrate, on a number of fronts, that the stock is very unfairly discounted.

[soultrading] 06/4/2023 08:18

Well I wish you all the best

[soultrading] 05/4/2023 13:28

Not your cup of tea?

[1retirement] 04/4/2023 18:36

Bah hahaha give it a rest Chris

[soultrading] 04/4/2023 09:39

Value tends to do it's thing, so it should climb, I see it being an easy double from here in the short term, could triple and still be under nav

[westendwinston] 04/4/2023 03:18

Down she goes - see ya at the bottom. Ed needs good pair of flippers to right this ship

[1retirement] 31/3/2023 11:37

Rubbish and you know it