In January, a five-year-old technology company, Diginex, listed in America at $4.10 a share. Today, its shares are $92 each, valuing the firm at more than $2 billion.
Diginex aims to help companies stay on top of environmental, social and governance regulations and to become more sustainable.
Here in the UK, Aim-listed Insig AI provides similar services and users believe its AI-powered technology is the best in the business. UK watchdog the Financial Conduct Authority became a customer this month, several big firms are enthusiasts and there is a growing pipeline of orders from companies and asset managers.
I was pondering on Aurrigo or Insig. I may have left it late.
Insig AI shares are priced at 23p and the company is valued on the stock market at just £27million.
This should change. Insig AI has built a database of information on 6,000 companies going back to 2015 and put it all into smart, machine-readable format. That means customers, such as investment institutions, consultants and regulators, can access the data online, ask questions related to it and swiftly assess whether companies are following rules around sustainability, transparency and related issues.
A type of ChatGPT for the financial services industry, the toolkit has won praise from many quarters. Jobs that would take three weeks of manual sifting through paperwork can be completed in less than an hour.
Insig AI also helps big financial houses manage data more effectively, a kind of digital spring clean that is increasingly in demand.
Historically, however, it has found it hard to translate interest into orders so, in May, chairman Richard Bernstein stepped into the chief executive’s role. Shares have more than doubled since then but there should be plenty more to come.
Bernstein has a long history as an activist investor, achieving success at firms as varied as property group Grainger and money printer De La Rue. With £5 million of his own money invested, he is motivated to do even better here.
In the dark days of Covid, forecasters claimed air travel would never be the same again. They were right: it is even busier. Flights are full, airlines are expanding and airports are barely coping.
Baggage handling is a case in point. Airports are on track to spend around £7.5 billion ensuring luggage is transported properly, but millions of suitcases are lost each year.
Coventry-based Aurrigo has devised highly sophisticated automated electric vehicles, known as Auto-Dolly Tugs, that can carry baggage around airports and are faster, safer and greener than older motorised trucks.
The business floated in 2022 with one airport customer, Changi in Singapore. Today, there are seven, including Gatwick, Cincinnati in America and Schiphol in the Netherlands. Founder and chief executive David Keene is also working with UPS at its East Midlands hub, the group’s global headquarters outside America.
Cargo is an enormous market, with UPS alone operating some 2,400 flights a day. Aurrigo has pioneered a cargo vehicle that is smarter, nimbler and more secure than anything on the market.
Aurrigo has had a torrid time on the stock market, floating at 48p, shooting up to £1.60 and now languishing at 47p. The price drastically undervalues this business, making it a long-term buy for adventurous investors.
Well done. I have a small investment in Insig. I need around 15% for break even.
Insig AI
In January, a five-year-old technology company, Diginex, listed in America at $4.10 a share. Today, its shares are $92 each, valuing the firm at more than $2 billion.
Diginex aims to help companies stay on top of environmental, social and governance regulations and to become more sustainable.
Here in the UK, Aim-listed Insig AI provides similar services and users believe its AI-powered technology is the best in the business. UK watchdog the Financial Conduct Authority became a customer this month, several big firms are enthusiasts and there is a growing pipeline of orders from companies and asset managers.
I was pondering on Aurrigo or Insig. I may have left it late.
Insig AI shares are priced at 23p and the company is valued on the stock market at just £27million.
This should change. Insig AI has built a database of information on 6,000 companies going back to 2015 and put it all into smart, machine-readable format. That means customers, such as investment institutions, consultants and regulators, can access the data online, ask questions related to it and swiftly assess whether companies are following rules around sustainability, transparency and related issues.
A type of ChatGPT for the financial services industry, the toolkit has won praise from many quarters. Jobs that would take three weeks of manual sifting through paperwork can be completed in less than an hour.
Insig AI also helps big financial houses manage data more effectively, a kind of digital spring clean that is increasingly in demand.
Historically, however, it has found it hard to translate interest into orders so, in May, chairman Richard Bernstein stepped into the chief executive’s role. Shares have more than doubled since then but there should be plenty more to come.
Bernstein has a long history as an activist investor, achieving success at firms as varied as property group Grainger and money printer De La Rue. With £5 million of his own money invested, he is motivated to do even better here.
In the dark days of Covid, forecasters claimed air travel would never be the same again. They were right: it is even busier. Flights are full, airlines are expanding and airports are barely coping.
Baggage handling is a case in point. Airports are on track to spend around £7.5 billion ensuring luggage is transported properly, but millions of suitcases are lost each year.
Coventry-based Aurrigo has devised highly sophisticated automated electric vehicles, known as Auto-Dolly Tugs, that can carry baggage around airports and are faster, safer and greener than older motorised trucks.
The business floated in 2022 with one airport customer, Changi in Singapore. Today, there are seven, including Gatwick, Cincinnati in America and Schiphol in the Netherlands. Founder and chief executive David Keene is also working with UPS at its East Midlands hub, the group’s global headquarters outside America.
Cargo is an enormous market, with UPS alone operating some 2,400 flights a day. Aurrigo has pioneered a cargo vehicle that is smarter, nimbler and more secure than anything on the market.
Aurrigo has had a torrid time on the stock market, floating at 48p, shooting up to £1.60 and now languishing at 47p. The price drastically undervalues this business, making it a long-term buy for adventurous investors.