Morning all!
Nothing at all to report on today – Expecting just the one RNS for companies in my universe tomorrow, an AGM statement from Focusrite ( Focusrite (LON:TUNE) ).
As always, all comment most welcome!
My morning smallcap tweet: Totté's tottering tower of treacle at RGD is no more.
Real Good Food (LON:RGD), Deepmatter (LON:DMTR), Chamberlin (LON:CMH), Yu (LON:YU.), Netscientific (LON:NSCI)
Real Good Food (RGD) sells lossmaking R&W Scott for an EV of £4m. Leaves "two main continuing, profitable businesses which together now comprise the majority of the Group, Cake Decoration and Brighter Foods."
DeepMatter Group (DMTR) aquisition and £3m (min) placing at 2.5p, a 12% discount.
Chamberlin (CMH) sells Exidor for an EV of £10m, 180% of CMH cap. No actual cash fig. No shareholder bonanza though. Will be used to cut debt, pension deficit and for working cap.
Yu Group (YU.) serves up a glass of the chef's urine to go with the shit sandwich. Accounting reviews show further reduction in profitability of £2.75m-£3.25m. Guides FY loss £7.35m-£7.85m.
NetScientific (NSCI) strategic review flops. No offers for for any of its portfolio companies. Considering fundraise and/or taking action to reduce further the Company's costs, which may include seeking a delisting.
