Camkids is widely believed to be another AIM-listed Chinese company which can’t be trusted. Tom Winnifrith is bolder in his view on this one in light of events at Sorbic today HERE. Back to Camkids, with its shares having fallen by 50% over the past two weeks since it failed to declare a final dividend, the stock lower again today at 17.4p as we receive an RNS stating that British non-exec Richard Sweet has resigned with immediate effect.
Allied Minds (ALM), as we have discussed previously, is an R&D-focused company with interests in “life sciences and high technology”. In its own words, “Allied Minds' core aim is to focus on early-stage disruptive technologies that it believes have significant upside potential and to realise that potential through supporting commercial development.” There are few instances of companies with almost zero revenue generation entering the FTSE-350, but this is one of them.
Ever heard of Webis (WEB)? This interesting creature showed USD $276 million of turnover in 2014, a small profit of $500k, and had net current asset value of $3.8 million. How should such a company be valued? The current offer at 1p (beware the spread) values it at around $6 million. Strip away the net current assets and you seem to be buying a mammoth pile of revenues for an exceptionally small price at this level! However, all is not quite as it seems.
Wednesday morning saw the announcement of annual results from Peel Hotels (PHO), and the headline numbers are impressive for a hotel operator without any presence in London and which is wedged in that uncomfortable space between the luxury and budget brands. It has all the makings of a serious recovery play – just look at the percentages!
How’s this for a stonking sell? Allied Minds (ALM) is a member of the FTSE-350 index and is capitalised at £1.55 billion. This is rather impressive for a company which in the six months to June 2014 reported revenues of $2.9 million and a loss of $27.2 million.
