Cloudbreak Discovery (#CDL) – FY loss £0.9m, year-end cash £1.3m
- 2021-12-30 07:23:36
Cloudbreak Discovery (CDL) only joined the sub-Standard List in June, but the stock has been a one-way ticket south ever since. Having listed at 3p and peaking at 5.5p, the shares are now just 1.425p. Anyone who purloined IPO shares has now lost some 53% of their cash in around five months. Is that some kind of record?
If there were not already enough Red Flags flying over sub-Standard-Listed Cloudbreak Discovery (CDL) to supply a parade in Red Square on May Day, this morning’s announcement of a delay in publishing full-year results to June 2021 must surely be the final straw for shareholders.
Sub-Standard-Listed Cloudbreak Discovery (CDL), which rushed its way onto the Standard List only in June as Imperial X (IMPP) before it had even managed to change its name amid a forest of Red Flags, has announced an industrial trough-load of options for directors, PMDRs and other staff. Its nice to be valued, but what about the shareholders?
Shares in sub-Standard Listed Cloudbreak Discovery (CDL) have dropped to another new low this morning of 2.275p – as against the IPO price only last month at 3p. It’s not looking good, especially as today’s decline accompanied a ramptastic RNS. Again!
I suggested that having dropped below its IPO price back in June at 3p, sub-Standard Listed Cloudbreak Discovery – nee Imperial X - (CDL) would struggle. Having peaked at 5.5p, the stock is now down to just 2.6p. Shall I save the Ouzo for the footie on Sunday?
Imperial X listed on the sub-Standard List back on June 3rd at 3p per share. The shares quickly rushed up to 5.5p but the share price chart shows a ski-slope ever since, despite a series of ramptastic announcements and a name-change to Cloudbreak Discovery (CDL). This morning we have another ramparoonie……
New-boy to the London Stock Exchange’s (sub-)Standard List, Cloudbreak Discovery (CDL), which listed as Imperial X – such was the hurry to get the IPO away, has announced yet more ramptastic news. This time it is investee Imperial Helium which the company is banging the drum about, as commercial field operations have commenced. So why are the shares off by 12% at 2.85p – now below the IPO price?
I have been ploughing through the prospectus for previously Aquis-listed Imperial X (IMPP, now CDL) regarding its move to the sub-Standard List. It looks like a shambles, as it was supposed to have changed name in the process (but hasn’t yet) and the myriad of conflicts of interest is just grim. If ever there was a sign of the top of the market, this IPO is surely it.






