Board Appointments
One of the aspects of small cap life that can be transformational is that of board changes / appointments. On some occasions this can just appear to be jobs for the boys and girls, and very often it is. We do know that just as with real estate it is location, location, location, which is the mantra for that area. For small caps it is very much management, management, management. This is not only something I have learned from personal experience, it is also something I knew before I garnered the personal experience. This week I was reminded of the concept of the three M’s when I read that Callum Somerton, CEO of Chill Brands (CHLL) has been appointed non-executive director of Technology Minerals (TM1). Given that TM1 has been arguably even more of a tough ride than CHLL, one might at first glance regard Somerton as being a glutton for punishment. That said, over the years he has certainly gathered experience / been stress tested as far as how to keep a company on track. One could say that everything but the kitchen sink has been thrown at him.
All of this suggests that our Callum should be perfectly suited to taking TM1 forward, especially in the wake of the latest mini-fundraises. All that can be said is good luck. At least the TM1 share price did turn up this week, with it being up more than 100%.
Potentially AI
Given that I am someone who writes about the stock market on a daily basis, and hopefully in a constructive way, whether being paid or not for the privilege, it is interesting that even with a larger X following than the Investors Chronicle, I am not bombarded by emails from PR companies. In fact, quite the opposite. Presumably, part of this is the ongoing fallout from being the maverick / renegade / anti-establishment figure I am! Nevertheless, I did spot Potentially AI (AGI) all on my own, especially given the way that there were a couple of highlights. The first was that the former Tiger Alpha has very little charting data – a couple of weeks. The second is that there is a big wig Tory Peer. This is of interest as it is normally the case that both posh and Tory do not really work on the stock market. The other aspect is that we are still in a will it, won’t it burst as far as AI is concerned. Indeed, like all other fads, AI is currently stuck onto the end of a company name to make it seem a la mode. It is also the case that we have had very few examples of either listed tech investment or AI investment companies hitting the ball out of the park.
Tooru
As you can imagine, I know plenty of CEOs. Indeed, now and again, some even talk to me and are happy to meet me. Indeed, Tooru (TOO), and its CEO Scott Livingston, I know well. I am glad to see that this week he rolled his sleeves up and started really engaging with the market and investors. The result was that the shares were up 36% on the week, helped along by a strong update from the health and wellness sector focuses company on Friday. Livingston said, “”We are seeing encouraging momentum across the Group, with strong EBITDA delivery, growing revenues and excellent progress from both Juvela and OAF. OAF’s expansion into major retailers and Pulsin’s return to growth demonstrate the strength of our brands and the opportunities ahead. Going forward, we firmly believe that the Group is well positioned to accelerate growth and continue building value across the portfolio. We remain excited about the opportunities in front of us as we progress through 2026.” The charting call on TOO at least takes the shares back to their 200 day moving average zone at 0.22p by the end of next month.
Interviews:
Finally, this week I caught up with Andy Dennan, CEO of Halo Minerals
And after a long time, Christian Dennis, Chairman of Total Graphite. Both are small caps run by strong and experienced leadership.
