UK 18:42 Saturday, 3 October 2026
Breaking news and expert analysis on fast-moving AIM and LSE listed shares
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
Version (VRS) is a serial placer to raise cash to fund ongoing losses. Despite having sold its Korean business and AAC Cyroma it still launched 5 placings in just over a year with the latest being on Friday. Although the Korean purchaser has struggled to pay the full £604,000 on the agreed schedule it has so far ponied up £512,000. The AAC Cyroma purchaser is paying the £550,000 consideration in 16 quarterly instalments. So the two mature businesses sold to date haven’t been big cash generators. Now do the maths!
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