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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Socialgo | LSE:SGO | London | Ordinary Share | GB00B00S8650 | ORD 1P |
| Price Change | % Change | Share Price | Shares Traded | Last Trade
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|---|---|---|---|---|---|
| 0.00 | 0.00% | 0.065 | 0.00 | 01:00:00 |
| Bid Price | Offer Price | High Price | Low Price | Open Price | |
|---|---|---|---|---|---|
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| - |
| Last Trade Time | Trade Type | Trade Size | Trade Price | Currency |
|---|---|---|---|---|
| - | O | 0 | 0.065 | GBX |
Socialgo (SGO) Share Charts1 Year Socialgo Chart |
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1 Month Socialgo Chart |
Intraday Socialgo Chart |
| Date | Time | Title | Posts |
|---|---|---|---|
| 12/1/2014 | 12:00 | SocialGO (SGO) - Social Media Software | 5,733 |
| 02/8/2013 | 00:01 | SGO | 384 |
| Trade Time | Trade Price | Trade Size | Trade Value | Trade Type |
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| Top Posts |
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Posted at 31/7/2013 12:51 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 31/7/2013 12:50 by the analyst Norbus, Good question. I don't know whether there would be a quick fix alternative that would get them into profit with their new low cost base. There might be, but I don't know the ins and outs of the product well enough to say for sure which specific fix would make the difference - that is, I haven't set up any websites using V2 for serious use, only looked over it and compared to V1, looked at the sites being produced using it, customer feedback forums etc. I was looking for a serious investment into the company as the fix - to develop mobile, add all the missing V1 features to V2, provide proper tuition, customer support, dedicated technical forums etc. That is, to give the customers what they need. My thoughts were that to do that, they needed cash, or better, to reverse a profitable, growing SaaS company into SGO - a company looking for a listing, that could take advantage of the huge past tax losses and that could use their skills and money to fix V2. Even if such a deal only valued SGO, (along with the listing and losses) at £2m, it would have been worth it. As it stands, maybe there is a quick fix to get things going, but I don't know what it would be. |
Posted at 29/7/2013 14:39 by ukpatco RESULT OF GENERAL MEETINGThe board of SocialGO Plc ("SocialGO" or "Company") is pleased to announce that at the general meeting of the Company held today the resolution proposed ("Resolution") was passed. As a consequence the Company's name has today been changed to Tavistock Investments plc (ticker TAVI) and the Board look forward with enthusiasm to developing a profitable business in the financial services sector. Placing, Capital Reorganisation and Change of Name As a result of the passing of the Resolution, the Company has successfully raised GBP200,000 to pursue its investment policy, a summary of which is set out below. The Company's ordinary shares of 1 penny each have been subdivided into one new ordinary share of 0.01 pence each ("New Ordinary Share") and one deferred share of 0.99 pence each. 900,344,739 New Ordinary Shares, comprising 465,344,739 New Ordinary Shares arising from the existing issued ordinary shares of 1 penny each, 400,000,000 New Ordinary Shares issued for cash and 35,000,000 New Ordinary Shares issued as settlement for professional fees, will be admitted to trading on AIM under the Company's new name of Tavistock Investments Plc with effect from 30 July 2013. Divestment of Existing Business The Company has today disposed of its entire operating business to DWAV Limited ("DWAV") for a nominal consideration of GBP1. DWAV's initial shareholder has undertaken to the Company that he will immediately gift (for nil consideration) all of the shares in DWAV to shareholders in SocialGO in such proportion as will result in their holding the same proportion of the issued share capital of DWAV as they hold in the Company today. In this manner, Shareholders will maintain an identical ownership interest in the Company's business, which in future will operate in a lower cost private company environment. Shareholders will also retain their original holding in the Company and may benefit from its future investing activities. Change of Directors Neil Goodall, Brett Morris, Alex Halliday, Steve Hardman and Ian Livingstone have all resigned as directors of the Company with immediate effect. Investing Policy Following the General Meeting, the Company is an Investing Company under the AIM Rules and its investing policy is to either acquire or invest in a business or businesses which have some or all of the following characteristics: * strong management with a proven track record; * ready for investment without the need for material re-structuring by the Company; * generating positive cash flows or imminently likely to do so; * via an injection of new finances or specialist management, the Company can enhance the prospects and therefore the future value of the investment; * able to benefit from the Director's existing network of contacts; and * the potential to deliver significant returns for the Company. The Company will initially focus on opportunities within the financial services sector located in the United Kingdom but may consider investments in other sectors or in other geographical regions that the Directors have expertise in. Moreover, the criteria set out above are not intended to be exhaustive and the Directors may make an investment which does not fulfil any or all of the investment criteria if they believe it is in the best interests of Shareholders as a whole. Whilst the Directors will be principally focused on making an investment in private businesses, they would not rule out investment in listed businesses if this presents, in their judgment, the best opportunity for Shareholders. The Directors believe that their broad collective experience together with their extensive network of contacts will assist them in the identification, evaluation and funding of appropriate investment opportunities. When necessary, other external professionals will be engaged to assist in the due diligence on prospective targets and their management teams. The Directors will also consider appointing additional directors with relevant experience if required. The Directors recognise that the Investment Policy outlined above carries a certain degree of risk, but they believe that the successful implementation of the strategy may result in strong capital growth for Shareholders. The Company's new Investing Policy will be led by Oliver Cooke who has significant experience in support services, software, technology and financial services and the Company will identify and invest in or acquire one or more businesses within these sectors |
Posted at 16/7/2013 13:20 by the analyst Regarding the shell, I don't see any real value coming from it. At least, not for original SGO shareholders.Past experience tells me that they will simply reverse a reasonably-sized company in so they can save face - so that they can say they 'transformed' a company with market cap of less than £Xm into one of £XXm, but failing to mention that shareholder value (share price) was destroyed during the process. At best, I could only imagine the shell being worth the equivalent of, say, 0.2p per share in a few years - that is, if they find a good company to reverse in and things go really well thereafter. An opportunity might well arise for a few to make a quick buck by speculatively trading on that possibility, but just pin money. I'm away travelling for the next week or so, but will contact Dom when I'm back and update you, WT etc (privately) if I manage to get an update. Maybe I might be able to meet Dom privately again, away from Nomads, where we can be a bit more open about whats going on. Cheers |
Posted at 15/7/2013 09:55 by flopinfo another cretin who got smashed up on thisTOP Traders Thread !!!! - CR 27macca - 07 Jun 2013 - 10:02:48 - 265171 of 276224 SGO sounds good to me that RNS, worth a dabble down here. Chairman's statement ____________________ I was appointed to the Board early in May with a mandate to review the Group's present operations and to consider options that might deliver greater value to shareholders. That review is now well advanced and I look forward to being in touch with you in the near future to update you on the progress that has been made. The Board would like to express their thanks to the dedicated staff at SocialGO plc, all of whom have a stake in the future success of the Company. Oliver Cooke Chairman 6 June 2013 CEO's statement TOP Traders Thread !!!! - CR 27macca - 03 May 2013 - 08:58:05 - 253417 of 276224 SGO being overlooked on what I think is very interesting news. SocialGO Plc (the "Company") is pleased to announce the appointment of Oliver Cooke as Executive Chairman with immediate effect. Dominic Wheatley, the former Chairman, has taken on the role of non-executive director. Mr Cooke has been appointed to the board of the Company with a mandate to assess its current operations and to propose a course of action that will deliver value to its shareholders, which may involve the disposal of the Company's current operations, acquisitions or new investment into the Company. ALSO, this suggests there may be some buying from the new guy?�� Mr. Cooke does not at present hold any shares in the Company. TOP Traders Thread !!!! - CR 27macca - 03 May 2013 - 07:19:48 - 253301 of 276224 Yes indeed and it def needs medicine but this looks very good news to me at SGO with it being so low,it needed some new life pumped into it. Sounds like he will be buying shares also after the comment at the bottom!! |
Posted at 10/6/2013 11:06 by orange1 From today's UKHotViews (www.techmarketview.Where to start with SocialGo? In keeping with its fine tradition of prompt reporting, AIM-listed, social media SaaS pure-play, SocialGO, announced its results for the year to 31st Dec. 2012 last Friday. It's hard to know where to start. We could perhaps begin with the 23% headline revenue decline to £562k (yes, that's '000s). Or perhaps the £1.5m net loss (yes, that's millions). Or maybe we should start with the suspension of payments under the 'distribution agreement' with Catalis SE (see SocialGO warns - and gets social with Catalis). Or perhaps the ensuing 12% drop in share price to 0.27p (yes, that's pence). Or maybe we should just give up and write the next UKHotViews post. |
Posted at 09/6/2013 13:04 by knigel The share is getting pounded on another SGO thread - seems posters are at both far ranges of the spectrum - either very bullish on prospects or an avoid at all costs... still not sure but decided to buy on Friday as results were not as dire as some expected and the share price does not appear to factor in any possible recovery or positive developments. High risk but the truth is probably somewhere in the middle of the opinions I have been reading... interesting share whatever ones opinion! gla |
Posted at 08/6/2013 17:44 by the analyst It begs the question as to who will be that 'someone' to take the product on? Who is going to transform SocialGO into a profitable business?- Will SocialGO raise money, hire a development team and take on the mission themselves? Last time they decided to raise funds, the share price was around 1p, yet they managed to raise cash at around 3p. That certainly shocked a few of the trolls, but there is no guarantee that they can do it again. - Will we see a reverse takeover? (my preferred option). I would love to see a company with a related suite of products reverse in, a company with the skills and resources to take the SocialGO product to the next level. That is, as long as we, as investors, see value from the deal. - Or, will we see them simply sell the SocialGO product and become a cash shell, then start something new or reverse a new, unrelated business in? Lots of questions, lots of potential outcomes, but no idea what will happen - we will just have to wait and see... |
Posted at 03/5/2013 08:02 by cliffpeat The recent share price movement was - perhaps - stimulated by the expectation of the significant change at the top announced today.Will the 58 year old chartered accountant Oliver Cooke deliver more for the shareholders than Dom W did? It is not re-assuring that OC is involved with the quoted "toothbrush scanner" company which has changed its name twice since November 2012 and is now "AfriAg plc" - during the short time I had the company (as 3D Diagnostic Imaging plc) on my watch list the shares lost 90+% of their value (as reported on iii - I haven't checked to see the effect of a share and warrant dilution). And a Google search on St Helens Capital Partners LLC now takes you to "Peterhouse Corporate Finance" - where you get the message "Site under construction". Reported revenue of St Helens in 2011 seems to have been less than £1/2m |
Posted at 25/8/2012 10:13 by cliffpeat Useful links to Bloomberg and brrmedia - thank you.Goodall in the brr interview said they "came across" Catalis and referred to conversations with the "new CEO" - as has been pointed out Goodall worked for them and DW is the "new CEO". Ingenuous to the point of misleading IMO. I was also puzzled by the references in teh interview to "white label" sales given that SGO still is "able to continue to supply and/or license its products to third parties on a "white label" basis (per RNS). Does Catalis share in any such income? Maybe I have misunderstood what was said. However - if they really have a big deal in prospect and Catalis are capable of securing it and they want to share the spoils between the two companies then the short term benefit to the share price of SGO and of Catalis (XAE:GR) might be significant. SGO t/o in 2011 was £734k - so £600k annual fee plus taking over some of the now reduced costs does not seem much of a risk for Catalis. It feels as if there may be an imminent substantial opportunity already being negotiated - I hope this is the case. The Catalis reported financials are not impressive (again IMO) and the SGO deal makes sense only if it delivers a profit stream. I am wary of "related party transactions" - would have preferred a commercial lawyers' opinion of the "fairness" of the deal - and hope that the interests of SGO shareholders and DW are aligned here. |
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