Share Name Share Symbol Market Type Share ISIN Share Description
Widecells Group LSE:WDC London Ordinary Share GB00BD060S65 ORD GBP0.0025
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.00p +0.00% 4.15p 0.00p 0.00p - - - 0 06:30:09
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Health Care Equipment & Services 0.0 -1.4 -3.0 - 2.69

Widecells Share Discussion Threads

Showing 176 to 199 of 200 messages
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DateSubjectAuthorDiscuss
21/5/2018
14:10
It looks like they didn't have proper expenditure planning, particularly given the capital-raising constraints of the listing. They should have kept the company much leaner before serious revenue came in. I don't understand why the company is run from Lisbon since the none of the major business units are centred there. The new board looks strong, I hope they impose some discipline on the company.
nohead
21/5/2018
12:39
couldn't agree more - £1m in admin sees to be there salaries & if they are expecting to earn £15m revenue in 3 years time that's £3m they expect to take in salaries until then. Doubt they will raise these funds & the city isn't stupid paying for high salaries on an early stage co that hasn't delivered yet. Plus, let's see what the boD's participate in buying in the placing!
euclid5
21/5/2018
11:09
Under the Standard Listing rules, the company will be unable to raise any more funds for another 12 months without going through another wasteful and expensive prospectus exercise. Therefore it needs to provide an ultra low cost expenditure plan to see it through to positive cash flow. The CEO needs to base himself in Manchester and/or Madrid and spend the majority of his time selling his products to get this company going.
nohead
21/5/2018
09:16
No head, well said. Please go ahaid and contact the management.
moreminer
21/5/2018
09:03
Most interested to see how the company spent £1.347m in admin costs last year, and why so much of this new fund raise is ear-marked for admin once again. The management has been responsible for the destruction of shareholder value by running up overheads and trying to operate the company under the wrong type of listed vehicle. Senior executives and directors should come off their salaries until this company becomes cash flow positive.
nohead
21/5/2018
08:09
Read that for: "not enough money raised"3p isn't low enough to get people interested IMO.
longshanks
21/5/2018
07:47
WideCells Group PLC, the healthcare services company focused on providing stem cell services and ground-breaking insurance for stem cell treatment, announces that the audit of the Group's annual financial statements for the period ended 31 December 2017 is nearing completion and is expected to be finalised in the near term. As a result of the additional time needed to finalise the annual results, the Group will be extending the Live Market Bookbuild currently being undertaken via the Teathers mobile application (see RNS dated 10 May 2018) until the results are published. The Group is in active discussions with the Financial Conduct Authority to achieve a lifting of the suspension following the publication of its annual financial statements. The company will update the market in due course. Https://www.investegate.co.uk/widecells-group-plc--wdc-/rns/final-results-update/201805210700106508O/
euclid5
15/5/2018
19:44
so bookbuilding closes 21 May then we should know if they manage to raise funds by next Monday " Accounts published and trading suspension lifted (subject to approval from the Financial Conduct Authority): Monday 21 May 2018 · Prospectus published (including results of the Placing), general meeting notice issued to shareholders: Friday 25 May 2018 "Onboarded users of the Teathers App (which may include the directors) will be able to participate in the Live Market Bookbuild, which will commence at 12.00 pm on 10 May 2018 and will close on 21 May 2018. Https://www.investegate.co.uk/widecells-group-plc--wdc-/rns/placing-to-raise--1-47m-and-live-market-bookbuild/201805101030016626N/
euclid5
15/5/2018
07:10
Yep - and touting via the Teathers app, whilst making it available to retail investors (which I support in principal), hints that they have a very limited level of interest.Might register just to see the prospectus, but for me this is one to avoid right now.
longshanks
14/5/2018
09:31
Another placing as they cannot attract other investment.
pictureframe
03/5/2018
08:53
Sorry for shareholders. But lot of puff about potential earnings but no sales and high cash burn. Unless they have increased sales substantially in the past six months then I cannot see any third party lending being secured.
pictureframe
03/5/2018
07:37
Suspension...
longshanks
02/5/2018
10:46
Where has the cash gone?
pictureframe
02/5/2018
10:21
In theory I would agree but I think offers will be quite a bit lower (nearer £600k IMO).
longshanks
02/5/2018
08:02
£2.5m mkt cap surely someone interested. Might be swallowed
imjustdandy
02/5/2018
07:38
we shall see what unfolds here. hope they manage to raise some capital they should of raised this prior 30/03/2018 to get their YE accounts signed off at least.
euclid5
01/5/2018
23:32
Point noted, but there is no mention of any struggle in raising - just need a little more time. So, I’m reading it differently. The tone of wording implies to me they are close. Also, the company hired WG Partners since Dec 17 for this very reason? BOD appear to have been proactively working on this in the background with their ‘financial advisers’ ie WG Partners.
zen12
01/5/2018
21:48
Not much loans they are actually making Zen, I think you have a lot to learn about AIM listed co's, don't take it the wrong way They had a directors talk Q&A in March 2018 & the CEO never mentioned the funding issue o/s. {erhaps he knew it will frighten s/holders off Can't you read through the rns today the way it's written Zen They are struggling to raise any funding & if they don't the co is at risk of not being able to continue trading as a going concern. Meaning the shares will be suspended & the co will go bust / or is as good as bust. Because Nov 30 2017 Broker note mentioned they will neeed a capital raising. So 5 months later they have not been able to raise anything
euclid5
01/5/2018
20:44
The cash is being burned at an alarming rate and on what?
pictureframe
01/5/2018
16:48
See the directors lending as a hugh positive. But again if there was something grossly wrong then the directors would know about this (than us PIs), and the last thing they would do is hand over loan’s to the company from their own personal wealth, and this is not once but twice! My guess is funding must be extremely close.
zen12
01/5/2018
15:53
There is no problem with Directors lending money.The issue is more that they had ~£800k in June 2017, they raised £750k in August and yet by October they needed additional loan financing. Furthermore on 29 September, there is no hint provided in the interim results of just how much cash was being haemorrhaged.There is something grossly wrong with the way this company has been run.
longshanks
01/5/2018
15:24
May have small holding, but are prepared to loan so still a very positive indication.
zen12
01/5/2018
14:43
Tiny BoD's buys of their own co shares Date Director Type Volume / Price Trade Value 15 Aug 2017 Joao Andrade Placing 15,000 @ 14.00p £2,100.00 15 Aug 2017 David Bridgland Placing 71,429 @ 14.00p £10,000.06 15 Aug 2017 Lopes Gil Placing 15,000 @ 14.00p £2,100.00 15 Aug 2017 Dr Graham Hine Placing 20,000 @ 14.00p £2,800.00 15 Aug 2017 Dr Marilyn Orcharton Placing 7,143 @ 14.00p £1,000.02
euclid5
01/5/2018
14:24
Or alternatively they secure funding. What people are missing here...is that directors are digging deep into their own pockets (oct and Apr last month) to provide interim funding. Now, if theyre was a remote possibility (having inside knowledge) that funding might not happen then they would no way be handing loans out (twice)!
zen12
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