SMV

Smoove Plc

44.50
0.00 (0.0%)
Share Name Share Symbol Market Type Share ISIN Share Description
Smoove Plc LSE:SMV London Ordinary Share GB00BNG8T458 ORD 0.4P
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.0% 44.50 18,863 01:00:00
Bid Price Offer Price High Price Low Price Open Price
43.20 45.80
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Radio, Tv Advertising Reps 19.17 -5.12 -7.90 - 28.87
Last Trade Time Trade Type Trade Size Trade Price Currency
11:53:54 O 5,000 43.30 GBX

Smoove (SMV) Latest News (1)

Smoove (SMV) Discussions and Chat

Smoove Forums and Chat

Date Time Title Posts
23/5/202309:20Smoove - digitally transforming the home purchase process !176

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Smoove (SMV) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2023-05-31 10:53:5543.305,0002,165.00O
2023-05-31 08:33:5843.233,8051,644.75O
2023-05-31 07:45:1845.2110,0584,546.91O

Smoove (SMV) Top Chat Posts

Top Posts
Posted at 23/5/2023 09:20 by aimsurfer
Options price is interesting reference. You would think the target was set low on purpose. I don't have access to Panmure analyst report but few online sources seem to indicate 91p target price. SMV 2025 back to profit targets were set in q4 and were based on conservative estimates. As we know in q4 there last year we had fears of deep recession and significant impact on property transactions. Times now are different but don't forget YE 2020 econveyancer was doing 19m revenue and 5m ebitda. CAL was sold for 3x revenue and 10x ebitda. If we ignore recent investments into revenue diversification econveyancer alone should easily support current valuation including 10m existing cash position. Accepting or recommending offer around this price is unthinkable for me but who knows. Comparing PEXA valuation to SMV it's a no brainer for them to spend £50m here just to reinforce and protect their own growth and valuation going forward.
Posted at 23/5/2023 08:36 by sidam
Good comments Masurenguy.

They must be talking in the right ballpark, otherwise there would be no reason to extend the negotiation period. So the $64k question is what is the right ballpark.
If you look at the grant of incentive options, these do not all become issuable until a price of 85p is reached. So my hope and best guess is that the executives will want that price. The lower hurdle is 55p which is the target price for the first tranche.

Posted at 22/5/2023 16:30 by earwacks
Absolutely no problem getting an offer on my stock at 47.8p, which I declined. Are Pexa trying to call their bluff? Playing hard ball seems a little foolish if Pexa are serious. Looks like the market will close before any deal is on or off the table. Clearly from the initial interest shown by interested parties ‘buyers queueing up’ , SMV are future hot property. A few £20,000+ purchases in final ten minutes. I find this all quite fascinating. I was hoping this would be the cherry on top of my largest holdings in Niox and Eqls. Guess you cant win them all, just yet
Posted at 22/5/2023 10:27 by earwacks
Seem to be a lot of form 8s. I wonder if Panmure are acting for Pexa and accumulating shares. Perhaps disclose final situation after the market closes. No idea really. They have surely had enough time to make up minds one way or tother. I believe it is possible to extend deadline , aren't they there to be broken? Just been reading up on takeovers. The good news is that if Pexa have been building a stake they must bid for the rest of the company at at least their highest buy price. In this case north of 50p which is something. Cant see ollie accepting much under £1
Posted at 19/5/2023 15:42 by earwacks
Share price should be interesting on monday. Seem to have been a few quite chunky positions taken since the announcement. Either way the market cap is still ridiculously cheap. Gl all
Posted at 05/5/2023 09:02 by earwacks
Like many new technology disrupters, Smv has attracted a lot of attention. I remember having a chat with one of the leading estate agency bosses a few years back about ULs as it was then. He said they were building their own software but I dont think he really understood what ULS were about. They have some significant backers. Unfortunately they got caught in a triple whammy just as they were emerging from Covid. There is no doubt that they have built an amazing platform to transform the house transactions market. Unfortunately along came energy crisis, government crisis, and housing market seizure with a trading forecast for a flat year. As the results recently show that has not quite been the case and the business has been flexible enough to withstand some of the faltering market.
Hardly surprising that there has been intense interest from many places and countries that would be interested in a platform that can probably be adapted elsewhere. I dont think management will be concerned or interested in anything but a knock out offer. There is a lot of potential value which is why Oliver has been buying so consistently through thick an thin. It is encouraging to see some serious recognition of the value by those in the industry. Would be nice to see it gently bought back up to some kind of sane valuation even if a realistic offer is not forthcoming. Win win hopefully! Gl all

Posted at 18/3/2023 08:32 by sidam
I hope it is just general markets acting on loss making small cap shares. I was a little premature because I have just taken my holding to a full unit. There were two reasons, I thought that the share price would fall after the tender. Although I was wrong initially, it has now and the second was the incentive scheme. I do not think that the target prices would have been set, unless the management thought there are a decent probability that theses would be met. The low target is in round numbers 70% above current level and the higher target 150%, which over a three year period is potentially very attractive.

Good luck to all holders.

Posted at 14/2/2023 12:20 by paulsavannah
Anyone know whats going on with the share price slide this past few days.Can't see any news anywhere.
Posted at 29/11/2022 07:27 by masurenguy
There it is !

29 November 2022
Smoove plc

Tender Offer to repurchase Ordinary Shares up to £5m at 40p per share

Following the announcement of a proposed tender offer in August 2022, Smoove today announces its intention to repurchase up to 12,500,000 Ordinary Shares at 40p per Ordinary Share ("the Tender Price") amounting to a repurchase of up to £5m ("the Tender Offer"). The Tender Offer is subject to shareholder approval.

The Company expects to post a circular to shareholders on 2 December 2022 with details of the Tender Offer and Notice of General Meeting containing a resolution to repurchase up to 12,500,000 Ordinary Shares (the "Resolution"). The Resolution shall be proposed at the General Meeting which is expected to be convened at 11.00 a.m. on 11 January 2023. A copy of the Circular will be published on the Company's website at the same time at hellosmoove.com/investor-relations.

Structure of the Tender Offer

Up to 12,500,000 Ordinary Shares will be purchased under the Tender Offer, representing approximately 19.3% of the issued ordinary share capital as at 28 November 2022 for a maximum aggregate consideration of £5m. The Tender Offer will be implemented on the basis of Panmure Gordon acquiring, as principal, the successfully tendered Ordinary Shares at the Tender Price. The Company will purchase such Ordinary Shares from Panmure Gordon at the Tender Price. It is expected that most of the repurchased shares will be cancelled with the balance being transferred to treasury.

Only Qualifying Shareholders who hold Ordinary Shares on the Tender Offer Record Date are able to participate in the Tender Offer in respect of those Ordinary Shares. Qualifying Shareholders can decide whether they want to tender all, some or none of their Ordinary Shares in the Tender Offer. The Tender Offer is expected to close at 1.00 p.m. (UK time) on 9 January 2023 and tenders received after that time will not be accepted (unless the Tender Offer is extended). The Tender Offer will be subject to customary conditions, details of which will be set out in the Circular.

Posted at 25/11/2022 11:47 by red ninja
Well the tender offer gives Kestrel and other big holders a chance to take some of their cash off the table, but I believe at the current share price that would show them a loss. I presume they would hope for a share price recovery before proceeding.

I added some today as well in the hope that with new partners and slicker interfaces they can grow the business back to profits.

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