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SEED Seed Innovations Limited

1.60
0.00 (0.00%)
Last Updated: 08:00:00
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Seed Innovations Limited LSE:SEED London Ordinary Share GG00BRK9BQ81 ORD 1P
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.00% 1.60 45,916 08:00:00
Bid Price Offer Price High Price Low Price Open Price
1.50 1.70 1.60 1.60 1.60
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Unit Inv Tr, Closed-end Mgmt -1.11M -2.06M -0.0107 -1.50 3.09M
Last Trade Time Trade Type Trade Size Trade Price Currency
11:45:30 O 39,000 1.536 GBX

Seed Innovations (SEED) Latest News

Seed Innovations (SEED) Discussions and Chat

Seed Innovations Forums and Chat

Date Time Title Posts
01/10/202406:50SEED INNOVATIONS1,885
13/10/201117:07Seed Companies - Publicly quoted / not just Monsanto1
05/4/200909:39CANCER..BIGGEST MEDICAL CONTRICK ON THE PLANET..LET FOOD BE YOUR MEDICINE3

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Seed Innovations (SEED) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
10:45:301.5439,000599.04O
07:00:201.546,916106.23O

Seed Innovations (SEED) Top Chat Posts

Top Posts
Posted at 14/10/2024 09:20 by Seed Innovations Daily Update
Seed Innovations Limited is listed in the Unit Inv Tr, Closed-end Mgmt sector of the London Stock Exchange with ticker SEED. The last closing price for Seed Innovations was 1.60p.
Seed Innovations currently has 192,949,895 shares in issue. The market capitalisation of Seed Innovations is £3,087,198.
Seed Innovations has a price to earnings ratio (PE ratio) of -1.50.
This morning SEED shares opened at 1.60p
Posted at 25/9/2024 18:39 by 888icb
Orderly Wind Up is the best Option for Shareholders.
SEED has proved a very bad investment for those in from the start on the back of Jim Mellon and his Fast Forward book. Massive value has been destroyed even measured against the current £10.5 million NAV. The actual market cap is about 70% lower and is more than covered by the £3.5 million cash. They have bought back shares and declared a 1p per share dividend however this has had no effect on the massive discount to NAV. The market has absolutely no confidence in the board and in those circumstances the only responsible course of action is to realise the NAV and return the cash to shareholders. I would draw the Boards attention to a small Investment trust DSM which is doing precisely that and has so far this year returned 90% of NAV.
This is an extract from a DSM RNS explaining the rationale for their Orderly Winding Up:

“ The Board therefore considered the best and fairest ways to meet its commitment of returning capital to Shareholders, seeking to realise the best value, at the time of realisation, for them equitably and, as announced by the Company on 28 December 2023, the Board concluded that it would be advantageous to all Shareholders equally and fairly to commence a managed wind down of the Company's portfolio (the "Managed Wind-Down"). In order to implement the Managed Wind-Down a material change to the Company's published Investment Policy will require to be approved by Shareholders.

Under the proposed Managed Wind-Down process, the Company will be managed with the intention of realising all the assets in its portfolio in a manner consistent with the principles of good investment management and with a view to returning cash promptly to Shareholders in an orderly manner whilst seeking to obtain the best achievable value for the Company’s investments at the time of their realisations.

Background to and reasons for the ProposalA negative sentiment towards UK small companies has persisted over the past two to three years. Value and micro-cap investment strategies have equally been out of favour and the Company has not attracted a great deal of new investors, with the Company itself being a significant acquiror of its own Ordinary Shares. In addition, investment trusts are currently, generally trading at wide discounts and as the wealth management sector, a significant buyer of investment trust stock, itself consolidates there is little interest from such sector in small, specialist vehicles such as the Company.”

SEED could considerably reduce its overhead as it wouldn’t need to have people looking for new investments and wouldn’t need so many Directors. I cannot see the circumstances in which they will ever get the share price anywhere close to the NAV so the best way to reduce the loss of long term shareholders is to hand back the cash at NAV by selling all the assets over time.
Posted at 28/8/2024 07:14 by jaylett
There really should be market regulation to guard against situations like this. It is plainly obvious that the Board of this Company are content to get paid once a month for doing virtually nothing, while the share price slides towards zero. NAV must be around 5p, even with discounts for exiting, and it is clear they have absolutely no intention or ability to get the price back close to that. A mickey mouse oil bet in the last what, six months?

They are breaking every word of the Company's policy and objectives and utterly failing in their obligations to investors. Only in a tinpot market like AIM would this be allowed to continue. Why should anyone have to sell at a massive loss to exit, when there are funds and and investments sat there doing nothing? It is our money. Give it back or step aside.
Posted at 07/8/2024 16:09 by basstrend
Are they in breach of their investing policy? It lists the sectors covered and Oil & Gas isn't included. I thought they had to stay within the policy under Aim Rules? What on earth is Ed up to? Wasnt SEED set up to invest in cannabis companies? All a bit odd!
Posted at 05/6/2024 08:39 by biggest bill
Now that the share buy backs have been concluded, what is going to support the share price? The wonderful investment record?
Posted at 15/4/2024 09:04 by 888icb
RNS:
SEED Innovations Ltd, the AIM-quoted company investment company providing shareholders with exposure to early-stage health, wellness, and medical cannabis companies, to which, in normal circumstances they have limited access to, is pleased to announce that it has received the remaining circa £2.4m (€2.76m) from the sale of its portfolio company Fralis LLC, trading as Leap Gaming.

Leap Gaming was sold in April 2023 (see RNS dated 11 April 2023), with SEED's proceeds of the sale totalling €5.8 million payable in two tranches. The first tranche of €3 million (£2.7m) was received on completion of the deal and the balance was received on the 12 April 2024.

The Leap Gaming sale has contributed to SEED's strong cash position of over £6m, which remains higher than its market capitalisation.

Commenting on the announcement, Ed McDermott, CEO of Seed said: "With an additional £2.4 million in cash in the bank, our financial position is exceptionally robust. Despite ongoing liquidity challenges in junior stocks, the investment landscape continues to offer compelling opportunities. Accordingly, we are committed to identifying innovative investment opportunities that will benefit our shareholders. Our primary objective is to enhance shareholder value, and we anticipate unveiling several strategic initiatives aimed at achieving this goal in the near future. We are confident that these initiatives will be well-received by our shareholders."
Posted at 21/2/2024 06:47 by burtond1
Cash is King for Seed Innovations – a safe haven in a very choppy market suggest @TMSreach "...Anything that we own is for sale at the right price, in the right circumstances of course. We're seeing a huge amount of deal flow and we've come very, very close to making some investments..."https://total-market-solutions.com/2024/02/seed-innovations-ltd-feb-2024/
Posted at 03/1/2024 17:09 by mellonsbellend
That reefles over on lse certainty lives up to his name. He hasn’t a clue, trying to say the buyback would push the price to 6p. lol. The NAV is now barely 6p. Given the amount of selling into the buys it’s not going to move the share price at all. These people shouldn’t be allowed to buy shares with the money left over from their sweet money. It was pretty obvious as countless people have already said. It’s going to take something amazing to move this. 4p would be an outstanding achievement.
Posted at 09/10/2023 20:01 by mellonsbellend
Well. They have had the share buyback running for a week now. They have bought back around £85k worth, 10% of the proposed buyback and the share price is down over 10% in the same period. At this rate they should have the buyback complete before Christmas. I thought it would give the share price some support. Bagged for those who bought in at the bottom. It will still take something pretty big to shake off its shady history. All eyes on Ed. You talk the talk….yet so far you’re barely crawling never mind walking.
Posted at 29/9/2023 10:14 by 888icb
Up 2.5% to 4.05p on volume of 950000. SEED is up 100% in the last 6 weeks but still along way to go to narrow the discount to NAV. SEED just back to the share price it had in September 2022 and needs to double again to get anywhere near NAV.

Important to remember that the share buy back has not yet commenced as a further announcement has been promised when it actually starts. September has seen an impressive turn around in SEED’s fortunes which should continue into October and 2024. The investments are starting to perform well and the Directors clearly have some deals lining up to start deploying the £7 million cash. As a long term holder I am enthusiastic about SEED for the first time in a long time.
Posted at 17/8/2022 07:06 by jaylett
This board is as abysmal as the SEED share price. Both a total waste of time.
Seed Innovations share price data is direct from the London Stock Exchange

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