LightwaveRF – argues “has continued to make progress”. Er, what about the like-for-like sales swing for starters?
Tom Winnifrith Bearcast: Any bloody fool (bar Neill Ricketts) can grow sales if he, she, they or it spunk enough on marketing
Audioboom – emphasises “revenue growth” & “EBITDA improvement”. Er… what about cash flow & the balance sheet?
Previously writing on capital markets risk management technology-focused KRM22 (KRM), in November I noted “placing… to provide the company with additional working capital”... Or not? – concluding “there remains cash danger. As previously concluded with the shares around 70p, at this juncture I certainly avoid”. Now a “Trading Update”…
“KRM22 plc (AIM: KRM.L), the technology and software investment company, is pleased to announce that it has conditionally raised gross proceeds of approximately £1.0 million through a placing of 1,895,765 new ordinary shares… at a price of 52 pence per ordinary share”. Hmmm – having only joined AIM at 100p per share little more than 18 months ago and the shares last closing at 54.5p, it really “pleased to announce” this?!...
KRM22 (KRM) was incorporated and listed on AIM in 2018, the latter seeing emphasised “successful fundraising undertaken saw strong demand from a number of institutional and private investors, raising in total £10.32 million through the issue of 10,320,239 new ordinary shares at a price of 100p” and “identified a clear opportunity to deliver significant improvements for our target customers, through our underlying investments, by providing a suite of cost effective risk management tools”. Today a “Trading Update”…
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