A “Business Review update and proposed Board changes” announcement from Location Sciences Group (LSAI) includes “the successful fundraising and board changes… has given the company a huge opportunity to deliver value for shareholders”. So why are the shares currently at 0.575p, 15% lower, on the back of it?...
Location Sciences Group (LSAI) “is pleased to announce that the broker option was significantly oversubscribed by both existing shareholders and non-shareholders”. Hmmm – “pleased to announce” that a £0.35 million option at 0.20p per share was significantly oversubscribed when the closing share price prior to the fundraising announcement was 0.56p? And then “However,”...
Previously writing on Location Sciences Group (LSAI), in March I concluded that the financials together with ‘business review’ uncertainty meant it remained on the bargepole list. Now a “pleased to announce” fundraising, though the company also arguing “the current relative strength of the company's working capital position”. Hmmm...
Location Sciences Group (LSAI) has announced results for the 2020 calendar year including “the swift response from the management team, shifting the group's resources to revenue growth areas and reducing costs has to a large extent mitigated the virus' impact on the group's operational and financial performance”. So why are the shares currently at 0.425p in response, 10.5% lower?...
Previously writing on self-styled “leading location data insight and verification company” Location Sciences (LSAI), last year I concluded, despite the shares already significantly lower than a prior just below 1.5p, that it remains cash burn concern and on the bargepole list. Today “Trading Update and Directorate Changes”. An ominous combination?...
Previously writing on self-styled “the pre-eminent global location verification provider to the $160 billion digital advertising industry” Location Sciences Group (LSAI), in February with the shares having fallen below 1.5p I concluded cash burn concern and an around £6 million market cap see this currently remain on the bargepole list. The shares last closed at 0.475p and now a “Trading Update”...
Location Sciences Group (LSAI) reckons it “has noted the recent downward movement in its share price and market speculation surrounding the launch of Android 11 later in 2020” – the shares having been down from 1.85p on Monday to a low of 1.425p today – though also having closed at 1.225p during just last month!…
Previously writing on Location Sciences Group (LSAI), with the shares recovering above 3p I concluded asking requiring discounted fundraising ahoy?. Certainly, I look forward to seeing the half-year balance sheet by the end of this month – and, natch, at least currently, continue to avoid. Now there’s been the results announcement and “Result of Placing”…
Shares in Location Sciences Group (LSAI) have recently slid back below 3p, but are currently recovering above this on the back of a “Contract with Vicinity Media” announcement…
Location Sciences Group (LSAI) has followed “extremely pleased” with the appointment of Michael Iantosca to its advisory panel with “together with Blis, we are taking the lead globally in terms of bringing transparency to location data”. Oooh – global lead, hey…
Previously writing on Location Sciences Group (LSAI), in November I questioned fundraising “to accelerate the growth” from a “leading position”, Really?. The latest from the company is “Trading Update and Appointment”… at an 08:31am. Hmmm…
A “Placing, Open Offer and Trading Update” announcement from the former Proxama, now Location Sciences Group (LSAI), including “the directors believe that further funds will enable Location Sciences to maintain its leading position in the UK location data and insights market and allow the company to accelerate the growth of Verify, its leading location data verification product, both in the UK and overseas”. Hmmm…
