Smoove Share Discussion Threads

[rambutan2] 05/10/2022 13:54

Agree, was a horribly good trade.

[masurenguy] 05/10/2022 13:37

Yeah, you're right - the shareholding announcements don't always make it clear that Hambro is a subsidiary of Pendal. Doesn't alter the accuracy in the content of post #45 above but I have amended the header to eliminate any duplication.

[rambutan2] 05/10/2022 12:41

Masurenguy, Pendal and JO Hambro are one and the same:

[masurenguy] 05/10/2022 12:21

Having sold 900,000 shares at circa 60p at the end of August, Pendal Group have bought them back at circa 32p earlier this week. Header updated. I also topped up today.

[aimsurfer] 05/10/2022 12:13

Add to that £5m share buy back to kick in any day. This has to be incredible value short and especially long term. Smoove Start launched today, keep an eye on adoption rate, could add additional meaningful revenue.

[sbb1x] 05/10/2022 11:04

Just bought a few 17m cashMkt cap 22.5m2 big guns loading

[masurenguy] 03/10/2022 16:26

Harwood added another 200,000 shares to take their stake up to 13.05%. Over the past 4 weeks they have increased their shareholding by 46.5%. Current EV here is just £4.8m !

[rambutan2] 30/9/2022 14:10

Paul, yes the price was dropped to what Harwood were prepared to pay. No other way for the seller to get out quickly.

[paulsavannah] 30/9/2022 14:02

I use the term strange as optically it looked like the price was walked down in order to let Harwood Capital take a very substantial stake at a very reduced price. They had their due diligence etc conducted extremely quickly in order to purchase shares following a poor enough company update. Still it's a vote of confidence I suppose

[sidam] 30/9/2022 07:32

I certainly made a mistake in not selling when I had a substantial profit and had some concerns when the new management team originally failed in my view to set out their strategy, but that is water under the bridge and I am still a holder. The big question is whether I would buy more today. If the buy back goes ahead at a decent price there could be a short term gain, but the team refused to answer questions about that saying that they had to consult with their nomad. That was rubbish as they must already have consulted before making the announcement. So I have some concerns over management’s market savvy. Finally, the recent gaffe by the new conservative leader and her chancellor have thrown the housing market into disarray. I like the SMV story, but i think the results will not be seen for some time. So should I hang on? I think I am going to, but I may have to wait a long time to see the upside.

[masurenguy] 30/9/2022 06:46

Harwood increased their stake by 43% yesterday, to become the 2nd largest institutional shareholder, taking advantage of the recent price fall. They have more than doubled their position here over the past 5 months (see #20). I don't understand why somebody would consider this opportunity, to increase their holding, by taking advantage of the price drop during the current market malaise, to be "strange". I also added @30.9p on Wednesday, on a speculitive basis, for the same reason.

[rambutan2] 29/9/2022 20:16

Preferable to there being no buyer at all!
Harwood are savvy enough to keep some cash on the side for just such opps. And they have a super long term track record in small caps.
Will be interesting to see who the seller was, when/if an rns emerges.

[paulsavannah] 29/9/2022 19:36

Harwood Capital increased their holdings yesterday considerably the day after the share price fell 35%Strange....

[melloteam] 29/9/2022 12:18

FREE RESULTS ROUND UP

Just to let shareholders and prospective investors know that SMV will be discussed in the Results Round Up at the Results Round Up Webinar at 2pm - 6.30pm on Thursday 29th September 2022. .

The programme is as follows:

2.00 pm David Stevenson discusses The Small Cap Discount : Opportunity Knocks with David Stredder
2.30 pm Company presentation by Fintel
3.00 pm Results Round-up from Graham Neary
3.30 pm Company presentation by Brave Bison
4.00 pm Company presentation by Avation
4.40 pm Company presentation by TPFG
5.00 pm Results Round-up from Mark Simpson including the Good, the Bad and the Ugly
5.30 pm Company presentation by S&U

The event is FREE and there will be over 500 investors attending and these are very popular shows with company presentations, fund manager and investor interviews, and panel sessions.

[rambutan2] 28/9/2022 21:51

So my dodgy maths says that the tender will return approx 7.6p ps. Agree or disagree?

[masurenguy] 28/9/2022 15:23

Big trading volume today, including a 1.7m Sell @30p!
At 32.5p, the current EV is just £4.2m !

[simon gordon] 28/9/2022 09:45

Market starting to price in a house price correction and lower volumes due to gilts market crashing?

Cost of Lizzie Crisis?

[farrugia] 28/9/2022 09:27

The FTSE 250 is down 3% today - SMOOVE has a much higher beta besides the 'soft' results of yesterday. Tough times.

[paulsavannah] 28/9/2022 09:25

What is going on? We've lost over 40% in two days and no real explanation as to why from anyone or anywhere.Or am I missing something?

[rambutan2] 27/9/2022 22:08

What a mad day of trades!

[masurenguy] 27/9/2022 16:00

From the final results published in August.

"The Group announces a proposed return of capital to shareholders via a tender offer of up to £5m. The Board believes that this is the best way to achieve a balance between an immediate return of capital to shareholders whilst retaining funds to support value creating new products and business improvements. A resolution authorising the tender offer will be put to shareholders at the annual general meeting which is expected to take place in late September. The tender offer is expected to be completed during October." 22 August 2022

The resolution to enable the company to purchase its own shares was approved by a vote of 99.98% at todays AGM.

[paulsavannah] 27/9/2022 15:56

YesIt's not exactly a profit warning either although in fairness it's not a great update...but hardly warrants a drop of 35%Very very annoying

[masurenguy] 27/9/2022 13:57

This afternoons strange sell off has now reduced the market cap to just £20.3m compared with net cash at the end of Auust of £16.9m. That puts an enterprise value on the current business of just £4.4m - quite a crazy metric!