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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Socialgo | SGO | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 0.065 | 00:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 0.065 | 0.065 |
| Top Posts |
|---|
Posted at 31/7/2013 11:51 by the analyst The lack of any discussion regarding SocialGO in the last RNS is very worrying.No mention of plans, no mention of how SocialGO (DWAV) will communicate with shareholders, time scales, business plan, product development, what options they are looking into to create value for shareholders etc. I asked Dominic about the intentions for the SocialGO business going forward (business plan, funding, developers, time scales etc), but got no answer to those specific questions. Yes, I could phone him, the offer was there, but it all sounds pretty pointless - it seems to me that they have no tangible plans for SocialGO. Maybe they just intend to watch and wait for an opportunity to appear out of thin air. Reading that last RNS does make it look like they want investors to forget about SocialGO completely and focus on the shell. However, following dilution and a 75% drop in share price, the chances of getting any value back for investors from the shell look to be zero. How are they going to get a shell valued at .06p per share back up to 1.5p? |
Posted at 16/7/2013 12:27 by the analyst Bobby, as we discussed before, there are no examples - I think that's the reason why he might, just might, actually want to succeed in getting some value back for investors.And yes, just 'wanting' to succeed is not enough - the proof is in the pudding. |
Posted at 16/7/2013 12:16 by the analyst Norbus, Yes, it's a good question. You would think, though, that if selling SGO was order of the day, then they would have done it ages ago. Perhaps they already tried and failed, but nobody on the Board understands the social sector well enough, or has the industry contacts to sell it? I'm stuck in two minds here. Half of me trusts Dom to do the right thing and keep PIs interests at heart with DWAV. Remember our meeting back in the early V2 days... on the question as to whether he would take it private and leave investors with nothing - the response was pretty passionate, unambiguous, to put it mildly. I hope he stays true to his word on that. The other half of me - the part of me that has seen this type of thing before with other companies says that we will get nothing. Cynics are already suggesting that Dom wants to take it private just so that he can then eventually dilute AH etc out for having not done their job with V2. In which case, we will get diluted out at the same time - collateral damage. |
Posted at 15/7/2013 14:48 by trent harris RGFletcherI also thought that they would sell the business assets to the Directors for nothing to steal the assets, or take the trading subsidiary into administration. As it happens, they took it private and kept investors in the game. No one saw that coming. You got that wrong, but you fail to mention that now. |
Posted at 15/7/2013 07:15 by the analyst An interesting plan of actionBasically, nothing really changes with regard to SocialGO ownership, just that it will become a private, rather than a public company. That's not ideal and you are right, norbus, there is a risk of them letting it die a quiet death. But at least we retain a stake - a lot of AIM Directors out there would simply have sold the company to themselves, rather than give all shareholders a stake in the privately run company. Can SocialGO run at break-even without the costs associated with being a listed company? I doubt it. Presumably it still need the Catalis agreement. Investors also get a few shares in a shell - I'm not not too excited about that, but I guess it could be worth a few extra quid one day. |
Posted at 09/7/2013 19:01 by flopinfo mug investors waiting to be fleeced by Lenigas ? |
Posted at 18/6/2013 11:05 by the analyst More evidence that we are getting closer to the expected corporate action, with the final tranche of shares from the GOWIT acquisition being issued to Halliday and Hardman now, rather than next January:"In light of the ongoing review of the Company's operations it has been agreed that the final tranche of 5,833,333 deferred consideration shares, due to be issued in January 2014, be issued now." I remain on the fence with regard to my expectations. On the one hand, those of us that know the industry, know the value of what the company has developed, would be hoping for a decent outcome - a multiple of today's price. However, past experience tells us to be cautious in these situations, that Directors often fail to get any sort of value for their investors. So, optimists have plenty of reason to be optimistic, pessimists have plenty of reason to be pessimistic. In reality, though, nobody knows what the outcome will be - we only know what 'should' be achieved by the team here, if they really do go all out in their attempt to create value for shareholders. |
Posted at 16/6/2013 10:50 by the analyst Managed to take a quick look at the new re-design.I agree with WT - it does look much cleaner, more up-to-date, easier to navigate and I hope (although I am not yet 100% convinced, having only just looked at it) that they have made it much easier for people to choose a product. Good to see the improvement. I'm not sure, but I am presuming that the product itself remains the same as before and that one of the offerings (classic) is SocialGO V1, whilst the other (pro) is V2? If that is the case, then I see this as a relatively minor update (compared to a new product, or updated product launch), but it is still a very welcome improvement. It shows that the company is still working, still developing, still looking to make a go of the product and to create value for investors. Hopefully, this update encourages a greater proportion of their visitors to sign-up and trial the product. It is worth noting that SocialGO still attract many thousands of visitors to their site every month. So, if they do finally manage to achieve a decent conversion rate, it would result in a massive increase in the KPIs. In turn, that would make SocialGO a much better proposition to sell to investors in the future... |
Posted at 13/6/2013 12:29 by wealthtransfer I'm surprised at the lack of interest on here and elsewhere. The new website demonstrates that management have finally understood and conveyed clearly where the products sit and positioned them with clarity, a first for SocialGo in the 2 years or so I've been following them.I understand the caution that investors and potential investors feel with the failures of the past and they have much to prove, but this media update gives me some encouragement that with further similar efforts with the functionality and marketing, they are clearly on a better track than those taken before. |
Posted at 25/5/2013 15:25 by the analyst Chances are, imo, is that it's a disposal, then a reverse takeover, but how much they will get for the SocialGO business, what sort of company they will bring in, what sort of value they will generate for investors etc remains to be seen.I still think that Dominic Wheatley wants the best for shareholders, but of course, that doesn't means he will succeed (his skills are now to be judged by his appointment of the new Chairman and what that brings the company) - only time will tell on that. I'll be disappointed (but not surprised), if they get less than £4m for the business (0.8p per share), because it should be worth so much more than that in the right hands. Of course, it could just be a simple placing to develop the product themselves, or to develop a new business. If that is the case, then it will be interesting to see whether they get a great placing price, like they did last time around, or whether they go low and dilute current investors out of the picture. |
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