UK 08:16 Wednesday, 28 October 2026
Breaking news and expert analysis on fast-moving AIM and LSE listed shares
It is not quite up there with Eden Research (EDEN) and Blackbird (BIRD) in the AIM listed jam tomorrow contest. They were both founded in the last Century. But Sareum (SAR) will turn 21 this June and has never made a profit. So far in its miserable life it has sent more than £25 million to money heaven and at 14.75p after another keep the lights on placing it is capitalised at c £18 million. So sticking that £25 million in a building society account would have been a far better investment.
For 20 years Tim Mitchell has been fighting the good fight against cancer at Sareum (SAR) giving hope but not actually delivering anything other than accumulated losses of c£23 million and a six figure pay cheque for him every year. Last year his total package was £207,847 but I suppose a man has got to live. Lovely Jubbly. Anyhow, as predicted on this website a few times in recent weeks, simply to survive the company has today announced a hugely discounted placing.
Sareum (SAR) is in a very bad place. For starters it is almost out of cash but has declined to say just how close it is to a gig with the Fat Lady. Its silence suggests that it is very close indeed and, if AIM was a properly regulated market, no sniggering at the back please, the company would be forced to come clean.
ShareProphets earns a small commission any time a reader who registered with Primary Bid via ourselves subscribes for one of its offers. For that reason we urge you all to sign up HERE. But today's offer, Sareum, (SAR) is a total dog, as I have noted often enough on this website, so since we have integrity, we advise you to make us no money and avoid this hound like the plague.
Whenever a company sees a big share price movement and subsequently puts out an RNS citing that it knows of no reason for the rise (or fall), I would expect the price to return to around where it was previously.
Sareum Holdings (SAR) released its latest set of full year figures this morning. Shareholders might take some comfort from the company’s reported £1.65million net current asset position, but the reality is the placement clock is now ticking. Careful examination of Sareum’s numbers reveals this dog is getting ready to bark.
Featuring shares in Arria NLG (NLG), Gulf Keystone (GKP), Mariana Resources (MARL), Pan African Resources (PAF), Pinnacle Technology (PINN), Sareum (SAR), together with some share price targets.
Although shares of Sareum were in the Bulletin Board Hero zone a couple of years ago, this status has been eroded by a rather erratic, but persistent breakdown over the intervening period.
