| Breakdown | TTM | Feb 2024 | Feb 2024 | Feb 2023 | Feb 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 9.00K | 1.00K | 1.00K | 0.00 | 0.00 |
| Gross Profit | 10.00K | 1.00K | 1.00K | 0.00 | 0.00 |
| EBITDA | -22.92M | -708.00K | -1.57M | -3.35M | -600.00K |
| Net Income | -25.82M | -708.00K | -1.57M | -3.35M | -600.00K |
Balance Sheet | |||||
| Total Assets | 153.44M | 351.00K | 620.00K | 2.33M | 160.00K |
| Cash, Cash Equivalents and Short-Term Investments | 60.55M | 31.00K | 565.00K | 2.07M | 45.00K |
| Total Debt | 156.12M | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Liabilities | 170.41M | 464.00K | 184.00K | 318.00K | 132.00K |
| Stockholders Equity | -16.98M | -113.00K | 436.00K | 2.01M | 28.00K |
Cash Flow | |||||
| Free Cash Flow | -1.89M | -359.00K | -1.50M | -2.63M | -207.00K |
| Operating Cash Flow | -1.89M | -314.00K | -1.50M | -2.63M | -196.00K |
| Investing Cash Flow | -4.50M | -295.00K | 0.00 | 0.00 | -11.00K |
| Financing Cash Flow | 66.98M | 75.00K | 0.00 | 4.66M | 252.00K |
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
70 Outperform | £92.46M | 54.18 | 2.93% | ― | -3.95% | 16.87% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
50 Neutral | £13.27M | -2.98 | -32.23% | ― | -7.72% | 54.13% | |
43 Neutral | £1.57M | -1.88 | -110.31% | ― | -38.77% | -1.67% | |
41 Neutral | £26.89M | -0.12 | 526.67% | ― | ― | ― | |
41 Neutral | £15.49M | -35.35 | -19.77% | ― | ― | ― | |
41 Neutral | £3.82M | -2.64 | -389.90% | ― | -3.87% | 9.43% |
Satsuma Technology PLC has overhauled its leadership after shareholders lost confidence in the former chief executive and chief financial officer, who agreed to resign as directors and employees following requisitions received in January 2026. To stabilise governance, Ranald McGregor-Smith became temporary executive chairman and Clive Carver a temporary executive director until the expected June 2026 annual meeting, while the board has already initiated significant cost-cutting to align expenses with a reduced scale of activity.
Following extensive discussions with major shareholders, the board acknowledged strong investor backing for the appointment of two new non-executive directors, despite concerns their skills overlapped with existing board members. To avoid further cost and disruption, the company will appoint both candidates as non-executive directors subject to regulatory checks and will adjourn the requisitioned general meeting scheduled for 19 March 2026 indefinitely, as the resolutions it was to consider will no longer be applicable.
The most recent analyst rating on (GB:SATS) stock is a Hold with a £0.21 price target. To see the full list of analyst forecasts on Streaks Gaming Plc stock, see the GB:SATS Stock Forecast page.
Satsuma Technology PLC has announced the immediate resignation of director Henry Elder, with his duties temporarily assumed by Ranald McGregor-Smith, who becomes Executive Chair. In addition, Clive Carver will take on a temporary executive role to support the company’s compliance efforts as it responds to regulatory correspondence and prepares for potential board changes requested by shareholders.
The board emphasised that these executive appointments are interim and will be reviewed at the next Annual General Meeting or earlier if permanent executives are identified. Satsuma is also engaging with shareholders over proposed resolutions to appoint Nicholas Lee and Paddy Dean to the board, signalling ongoing governance reshaping that could affect the company’s strategic direction and oversight structure.
The most recent analyst rating on (GB:SATS) stock is a Hold with a £0.21 price target. To see the full list of analyst forecasts on Streaks Gaming Plc stock, see the GB:SATS Stock Forecast page.
Satsuma Technology PLC has published a circular convening a requisitioned general meeting on 19 March 2026 in London, following shareholder requests reflecting a loss of confidence in the executive team and concerns over the company’s cost base. In response, the non-executive directors have already agreed the resignation and employment termination of director Andrew Smith, launched an immediate review expected to significantly cut operating costs, and are recommending shareholders vote to remove Henry K. Elder from the board while they further assess the proposed appointments of Nicholas Lee and Patrick Dean before issuing a voting recommendation.
The board’s non-executive directors say they are acting in the best interests of all security holders and will continue engaging with shareholders in the coming weeks to reach a mutually acceptable position on the requisitions. They plan to provide a supplemental communication with their recommendation on the prospective non-executive director appointments at least 14 clear days before the meeting, signalling an ongoing governance reshaping that could materially alter Satsuma’s leadership and strategic direction.
The most recent analyst rating on (GB:SATS) stock is a Hold with a £0.23 price target. To see the full list of analyst forecasts on Streaks Gaming Plc stock, see the GB:SATS Stock Forecast page.
Satsuma Technology PLC announced that director Andrew Smith has resigned from the board and that his employment with the company has ended, following a requisition notice calling for a general meeting to vote on terminating his appointment. His duties will be taken over by executive Scott Kaintz, who will assume responsibilities without joining the board, signaling a swift operational transition while the company responds to shareholder pressure over board composition.
The departure of a director under the shadow of a requisitioned meeting underscores active shareholder engagement in Satsuma’s governance and may indicate underlying tensions over leadership or strategic direction. By reallocating Smith’s responsibilities internally rather than immediately appointing a new board member, the company appears to prioritise continuity in day-to-day operations while it reassesses its governance structure and board makeup.
The most recent analyst rating on (GB:SATS) stock is a Hold with a £0.23 price target. To see the full list of analyst forecasts on Streaks Gaming Plc stock, see the GB:SATS Stock Forecast page.
Satsuma Technology PLC has received sufficient shareholder requisition requests to meet the legal threshold under the UK Companies Act, obliging its board to convene a general meeting to consider proposed resolutions backed by what appears to be a majority of its beneficial shareholders. The move signals a significant moment in the company’s governance, suggesting potential shifts in strategic direction or board composition, and the board has indicated it will comply with its statutory duties and provide further updates, while advising shareholders not to take any action until more information is released.
The most recent analyst rating on (GB:SATS) stock is a Sell with a £0.29 price target. To see the full list of analyst forecasts on Streaks Gaming Plc stock, see the GB:SATS Stock Forecast page.
Satsuma Technology PLC has disclosed that it received a requisition notice from Shard Capital, claiming support from shareholders holding 49.3% of the company’s issued share capital, seeking the removal of directors Henry Elder and Andrew Smith and the immediate appointment of Nicholas Lee and Paddy Dean as non-executive directors. The board is consulting advisers on the validity of the notice and verifying the shareholder backing, has urged investors to take no action for now, and chair Ranald McGregor-Smith criticised the move as an unnecessary distraction from ongoing strategic initiatives, underscoring board support for the current executive leadership amid a potential governance shake-up at the recently listed bitcoin-focused company.
The most recent analyst rating on (GB:SATS) stock is a Sell with a £0.28 price target. To see the full list of analyst forecasts on Streaks Gaming Plc stock, see the GB:SATS Stock Forecast page.
Satsuma Technology PLC has secured admission of its ordinary shares to the Equity Shares (Commercial Companies) category of the FCA’s Official List and to trading on the Main Market of the London Stock Exchange, with admission becoming effective on 19 December 2025. The move formalises Satsuma’s presence on the UK’s primary public market, potentially broadening its investor base, enhancing share liquidity and visibility, and reinforcing its standing among listed commercial technology companies.
Satsuma Technology PLC has granted substantial share options to its chief executive, Henry Elder, and chief financial officer, Andrew Smith, under its employee share option plan, with options over 560.2 million and 168.1 million ordinary shares respectively, vesting evenly over four years at exercise prices of £0.01 and £0.02 depending on the vesting period. In a further move that increases executive equity participation, the company has also issued 50 million new ordinary shares to Elder following the conversion of previously announced convertible loan notes, a step that both strengthens alignment between senior management and shareholders and modestly increases the company’s issued share capital, with potential dilution implications for existing investors as the options vest and notes convert.
Satsuma Technology PLC has announced the approval and publication of its prospectus for the admission of its ordinary shares to the Main Market of the London Stock Exchange. This strategic milestone aligns with its focus on Bitcoin-based operations and a treasury policy centered around Bitcoin as a reserve asset. The firm will convert convertible loan notes into new ordinary shares, boosting its issued share capital to over 11 billion shares. With repayments to remaining noteholders scheduled, Satsuma projects a liquid balance sheet with assets totaling approximately £52.3 million and no material liabilities. This development positions Satsuma as a well-capitalized, debt-free entity aiming for sustainable shareholder value and substantial market presence in the Bitcoin and decentralized finance ecosystem.