Previously writing on OneView Group (ONEV), I concluded it still currently looking unsustainable beyond the very short-term, natch the stance remains avoid / sell, noting I’d been warning since it went from “remains confident” in September 2016 to “likely to be below market expectations” the following month! On my most recent update the shares were circa 12p. They’re currently today’s biggest faller, to sub 2p…
I’ve been warning on OneView Group (ONEV) since it went from “remains confident” in September 2016 to “likely to be below market expectations” the following month! The shares had then been hit to below 4p… But they’re now circa 12p aren’t they? A September 2017 10-to-1 share consolidation though needs to be factored in - and today there’s a 10:21am Short Term Loan Facility announcement…
Previously writing on OneView Group (ONEV), it was ramptastic “Commencement of Australia Post Project” RNS. Wonder why? This week has now seen Short Term Loan Facility and CEO Appointment announcements…
OneView Group (ONEV) “is pleased to announce that it has commenced a project with the Australian Postal Corporation (Australia Post)”, with CEO Stuart Mitchell adding “we have been engaged in a vendor evaluation process with Australia Post for over twelve months and are delighted to have been selected for this sole source contract”. Certainly sounds good, what’s the detail?...
I previously wrote on OneView Group (ONEV) in February; following ramparoonie, admits “now considering an equity fund raising” (natch). It subsequently raised £3.9 million at 1.5p per share, a 25% discount (there has since also been a 1-for-10 share consolidation), with CEO Stuart Mitchell stating “since inception we have been consistently undercapitalised and look forward to putting these funds to work to propel our growth forward in the interests of all our stakeholders”. There’s now though an announcement of “Short Term Loan Facility”!...
Having warned that Wednesday’s “Multi-Million Dollar Cloud-Based Hosting Agreement” announcement from OneView Group (ONEV) was ramptastic and, with also a precarious previously stated financial position, caveat emptor, today there is an update and funding announcement. Quelle surprise…
Shares in OneView Group (ONEV) are currently soaring ahead on the back of a “Multi-Million Dollar Cloud-Based Hosting Agreement”. With I previously having been bearish here and the ramptastic use of “Multi-Million Dollar” in the announcement title, does this remain a case of caveat emptor?...
Having in December announced “an additional loan facility of $1 million on similar terms to that of the existing $3m facility, which is fully drawn… to cover short term working capital needs around the company's new business contracts”, OneView Group (ONEV) has now announced an additional $300,000 loan “to cover short term working capital needs”. Hmmm…
Having most recently warned on OneView Group (ONEV) last month HERE, the company has now announced an additional loan facility and results for its half year ended 30th September 2016 showing why…
I warned shares in OneView (ONEV) were for the bargepole list as they slumped last month after the company went from “remains confident” to “likely to be below market expectations” in 6 weeks. They had subsequently recovered somewhat, but that before a Thursday 10:32am “Trading Update and Notice of Results” announcement…
“Winning its first hosted customer in the UK was a pivotal event for OneView (ONEV) in the first half of the year, creating an important new recurring revenue stream… The company continues to see strong interest in its software and is confident that the current pipeline will deliver growth in the future”. Sounds encouraging, but what? The shares currently down circa 30% to sub 4p? …
