Two days ago St James House (SJH) published a trading and finance update and the shares rocketed up 350% to a mid-price of 67.5 pence per share. They have since slumped back to 35p, but that is still 35p too high.
A “Trading Statement & Funding Update” from St James House (SJH) including “injection of cash, when combined with the capitalisation of liabilities, the stability of the lottery business and the steady growth of the payments business means the outlook for the business is positive despite the challenges all businesses have and continue to face” – and the shares have currently responded to 67.5p, 350% higher!...
On 11 May 2020, St James House (SJH) provided an update that the subscription originally announced on 31 January 2020 remained outstanding. It explained that:
On 31 January 2020, long time AIM uber dog St James House (SJH) announced that a new investor was going to subscribe for 1,666,667 shares at 30 pence per share to raise £500,000 in exchange for a 29.9% shareholding in the Group subject to approval to issue additional shares at a General Meeting. All conditions to approve the share subscription were approved at the General Meeting on 28 February.
On 31 January 2020 St James House (SJH) announced that:
In the current climate, I would be very guarded over handing over a cheque to subscribe for shares in any company, let alone AIM-listed St James House (SJH) – the former Lord Razzall disaster that was Boxhill Technilogies (BOX).
The disposal of Market Access Ops Limited (“MAO”) whilst a great deal for uber dog St James House (SJH) which sells a loss-making company with net liabilities for a £1 after stripping out the business it wants to keep does not appear to make a lot of sense from the perspective of the buyer Mr John Botros.
AIM-listed St James House (SJH), formerly Lord Razzell’s harikiri exercise Boxhill Technologies (BOX), has announced a proposed capitalisation of liabilities, the disposal of MAO for just £1 and new articles. What is immediately striking, however, is the double reward-for-failure for good old Lord Razzall – oh, and the doubling of approved shares capital available to be issued (Placing, anyone?)
On 6 December 2019, AIM uber dog St James House (SJH) issued a trading update indicating more losses for second half of the year ending on 31 January 2020. It also stated it was actively exploring options to improve the working capital position of the group before the end of its current financial year end on 31 January 2020 as it was working capital constrained.
You can’t say you were not warned on this website, but the old adage that when a bad company meets (perhaps, or perhaps not) good management it is the reputation of the former which prevails has once again proved true for AIM-listed St James House (SJH), formerly Boxhill (BOX), the past home of Lord Razzall. This afternoon we were treated to a 1pm Trading update: Friday lunchtime – definitely no-one-is-watching o’clock! Uh-oh…………
I have already explained in great detail how the accounts of St James House (SJH) run b y Lib Dem grandee Lord Tim Razzall, breach IFRS all over the shop and need to be restated. The company’s advisors say they are considering this. While they consider here is another howling and material error for consideration
Lib Dem grandee Lord Timmy Razzall may have changed the name of Boxhill to St James House (SJH) but this company which has been mired in so much corruption and fraud remains an uninvestable uber dog even by the standards of the AIM casino. Results earlier this week were covered in bearcast yesterday but perhaps merit further scrutiny. They are shocking, breach IFRS on numerous counts and quite simply aim to decieve. Nomad Allenby should be walking.
AIM-listed St James House (SJH) is not the investment house which gave Neil Woodford the dreaded vote of confidence – this is the old Boxhill run by Lord Razzall. It may have a swanky upmarket new name but it still looks like the disaster of old...
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