UK 17:04 Friday, 30 October 2026
Breaking news and expert analysis on fast-moving AIM and LSE listed shares
Arguing it is positioning “to capitalize on significant projected increases in spending” as suggested by it having “reported a strong set of financial results for the six months ended 30 June 2017”, Ubisense (UBI) “is pleased to announce it has raised £5.5 million (before expenses) from a placing in order to support growth plans and strengthen its balance sheet”. Hmmm, let’s review…
Previously on Ubisense Group (UBI), I reviewed a November profit warning and noted an idea where the “further cost actions” can start – see HERE. That was with the shares then at 66p. With them now at 29p, an announcement from the company begins with “that it is to expand the remit of its chairman, Peter Harverson, to become executive chairman with immediate effect”. Hmmm, why’s that then?
I looked at Ubisense Group (UBI) in August – noting "performance payments" to CEO Richard Green despite the company’s shocking track record and concluding that, even after the shares had declined from 275p reached last year to 103.5p, “even if the balance sheet was exceptionally strong (it’s not: net cash of £2.5 million), the track record suggests this a clear bargepole stock” (see Ubisense Group – interim results continue shocking track record, where are the shareholders’ “performance payments”?). The following updates with the shares currently down to 66p on the back of an, ahem, “trading update”…
Yesterday Steve Moore noted the litany of losses but increased “performance payments” to Chief Executive Richard Green delivered by Ubisense Group (UBI) - see HERE. With a track record of;
Having reached 275p last year, shares in Ubisense Group (UBI) have declined further to a current 103.5p following interim results earlier this week. Is this understandable? Er, just a bit! …
