Seraphine Share Discussion Threads

[blue59] 30/5/2022 18:56

Anyone else got the feeling that we’re being played by the MMs?

[jimbo130] 24/5/2022 15:09

4 lots of 1.25m. Someone smashed it and now accumulating.

[shareho1der] 05/5/2022 17:12

There are lots of bump with this stock

[dr biotech] 05/5/2022 11:58

In fairness the old CFO fell upon his sword, and rightly so. It appears the new one is unearthing what the last one buried, one wonders if there are more unpleasant surprises to find.

[kingston78] 05/5/2022 11:21

I have come across this company by chance. The company's share price is about 1/10 of its flotation price. I have read a couple of news and trading updates. It would appear that management blames everyone else but themselves for the sorry state of the company. They should become politicians instead. The House of Commons is full of such unaccountable people.

[its the oxman] 05/5/2022 09:38

Looks like the promised growth here is fast disappearing and if a fund raise is becoming necessary it is not going to be nice. Looks set to drift lower until newsflow turns positive and that looks some way off.

[bubloo] 05/5/2022 08:47

GOOD POINT 74 TOM
BABBLER FIGURES ARE QUITE DIFFERENT EBITDA 3.00 MILLION
REVENUE GROWTH NOW 10%
last statement ebitda 4.5 million and revenue growth 25%

[74tom] 05/5/2022 08:47

The amount equal to the refunded cash hasn't been booked to the P&L, instead it must have been sitting somewhere on the balance sheet. Now they have to adjust the P&L to account for it. Adjusting prior year accounts for such an issue would be embarrassing for the accountant of a private company, for a PLC it has to be unheard of. Bigger picture; if the finance team can't get that right what chance do they have of accurately forecasting / budgeting / managing cash?!

[babbler] 05/5/2022 08:26

but the figures are identical to what was already given to the market. No difference. Strange but hey ho.

[firestorm911] 01/4/2022 14:02

Was getting hit with 2K AT and taking it down 1p a go. Hopefully, the same happens on the way up.

Big trade earlier circa 50K, usually chunks of 2k-3k shs here.


How did Lombard accumulate such an amount? Did Jupiter sell to them directly?

[sahina123] 01/4/2022 13:55

Yes.this will be up very quickly .bounce time

[firestorm911] 01/4/2022 13:54

From 0 to 8.7% holding.


Resulting situation
on the date
on which threshold
was crossed
or reached 8.70% 8.70% 4,429,474
------------------ ---------------------- ---------------- --------------------
Position of
previous notification
(if
applicable)

[firestorm911] 01/4/2022 13:51

Good shs, forced seller Jupiter out and Lombard buying all the way to 150p.

[firestorm911] 24/3/2022 17:37

3. Details of person subject to the notification obligation

Name

Jupiter Fund Management PLC

City of registered office (if applicable)

London

Country of registered office (if applicable)

United Kingdom

4. Details of the shareholder


Name City of registered office Country of registered office
None
=========================== ==============================

5. Date on which the threshold was crossed or reached

23-Mar-2022

6. Date on which Issuer notified

24-Mar-2022

7. Total positions of person(s) subject to the notification obligation


% of voting rights % of voting rights Total of both in % Total number of
attached to shares through financial (8.A + 8.B) voting rights held
(total of 8.A) instruments (total in issuer
of 8.B 1 + 8.B 2)
Resulting situation
on the date on
which threshold
was crossed or
reached 0.000000 0.000000 0.000000 0
====================== ====================== ====================== ======================
Position of
previous
notification (if
applicable) 7.660000 0.000000 7.660000
====================== ====================== ====================== ====

[firestorm911] 24/3/2022 17:36

1a. Identity of the issuer or the Seraphine Group PLC
underlying issuer of existing shares
to which voting rights are attached
(ii) :
------------------------------------------------
1b. Please indicate if the issuer is a non-UK issuer (please mark with
an "X" if appropriate)
Non-UK issuer
----
2. Reason for the notification (please mark the appropriate box or boxes
with an "X")
An acquisition or disposal of voting rights
X
----
An acquisition or disposal of financial instruments
----
An event changing the breakdown of voting rights
----
Other (please specify) (iii) :
----
3. Details of person subject to the notification obligation (iv)
Name Lombard Odier Asset Management (Europe)
Limited
City and country of registered office London, United Kingdom
(if applicable)
4. Full name of shareholder(s) (if different from 3.) (v)
Name Disclosure on behalf of accounts managed
on a discretionary basis by Lombard
Odier Investment Managers group.
------------------------------------------------
City and country of registered office
(if applicable)
------------------------------------------------
5. Date on which the threshold was 23/03/2022
crossed or reached (vi) :
------------------------------------------------
6. Date on which issuer notified 24/03/2022
(DD/MM/YYYY):
------------------------------------------------
7. Total positions of person(s) subject to the notification obligation
% of voting % of voting rights Total of both Total number
rights attached through financial in % (8.A + of voting rights
to shares (total instruments 8.B) held in issuer
of 8. A) (total of 8.B (8.A + 8.B)
1 + 8.B 2) (vii)
------------------ ---------------------- ---------------- --------------------
Resulting situation
on the date
on which threshold
was crossed
or reached 8.70% 8.70% 4,429,474
------------------ ---------------------- ---------------- ----------------

[firestorm911] 24/3/2022 17:36

Two rns, Jupiter sold the lot of 7,6%+

and Lombard bought from 0 to 8.7%

[sahina123] 23/3/2022 15:32

Think this will bounce hard as price was very down on very low volume.this should go up around 75 pence in no time once buying started

[albert arthur] 09/3/2022 08:09

Added this, printed as a sell :)

[km18] 07/3/2022 12:19

...from a couple of weeks ago...

Seraphine Group plc issued a trading update this morning. Strong sales growth in the 3 months to January has been followed by a weak February, management now expect to deliver full year revenue marginally below current expectations. In addition, there have been a number of margin and costs challenges recently identified which mean that FY22 Adjusted EBITDA is now expected to be significantly below current expectations at circa £4.5m. The lower guidance has triggered a sharp sell-off this morning, share price is down a whopping 66%.

But the underlying performance still counts as robust top-line growth on FY21 of around 30%. Published consensus is for £46.5m, which will now be missed, but not by much. EBITDA of £4.5m is also still a decent and growing profit despite the challenges identified above and associated downward revision. And the problems look temporary. The incremental yoy performance of the company looks pretty decent and management also sound more encouraged about the outlook for FY23, now expecting sales growth of 25%-30% and EBITDA margins starting to rebuild. The share is relatively newly listed and valuation is hard to assess. There is no rush to buy here, but once the dust settles, today’s plunge may turn out to have created a bargain. One to monitor for the time being....

...from WealthOracleAM

[blue59] 25/2/2022 15:25

Hard to see a logical bottom.

[lcw888] 23/2/2022 21:06

This stock represents all the worst of private equity. Buy an in vogue online company for £50mm, saddle it with the debt used for the purchase, IPO it 7 months later for £150mm to immediately take £75mm of pure profit with the rest being raised as cash by the company to repay the original debts. Still own circa 40% of the shares so that it’s fairly easy to take private again (in totality or gradually via share placings)when it starts to run out of cash.

[ak62] 23/2/2022 16:40

enjoy the evening