We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Register to chat with like-minded investors on our interactive forums.
| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Alphawave Ip Group Plc | AWE | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 129.00 | 09:38:37 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 126.00 | 126.00 | 129.00 | 129.00 |
| Industry Sector |
|---|
| TECHNOLOGY HARDWARE & EQUIPMENT |
| Top Posts |
|---|
Posted at 09/5/2024 07:14 by takeiteasy Some seemingly quite reasonable results from ARM last night - but not to the market's liking and down 10%.hxxps://www.msn.com/ dyor etc |
Posted at 01/5/2024 18:04 by dividevil When the company IPO'd and the share price tumbled 6 months later that hurt a lot of institutional investors, especially the cornerstone investors. It was blatantly overvalued at the time even perhaps by the inflated NASDAQ standards.Perhaps some of that hurt still carries over to this day and now you have a set of investors who just want to love to hate this stock forever, particularly when the selling shareholders (the founding members) took a massive slice of the proceeds (£496 million out of £856 million) hence making more than £100 million each for themselves. Some of the slip ups have been very unfortunate though. The China strategy was derailed in part thanks to Russia invading Ukraine which gave rise to heightened geopolitical tensions not only with Russia but with China also. The increase in state organised cyber attacks led to the SEC having conversations with certain companies having sensitive technology business in China and resulted in pressured guidance to withdraw / reduce level of involvement. It also had the effect of dampening the market conditions in China. Frankly, Alphawave will have done well if they are able to withdraw from the Wisewave JV breaking-even just about (Alphawave share of the JV is valued at around $42.5 million and the losses are $46.15 million). It was meant to have been a 5 year partnership with a commitment to invest $170 million and it is not unreasonable to have expected a reasonable return from that had geopolitical tensions only remained at the level it was 5 years ago. The IPO objective was always to use the funds for the acquisitions of businesses that would allow them to enter the fast growing chiplet market. I also suspect that Banias Labs / AWS early discussions were already underfoot even at the time of the IPO but couldn't be openly written about in the prospectus due to the sensitivity of those plans. The Wisewave JV has still nevertheless served as a crucial stepping stone while they were in the consolidation phase to establish a market in custom silicon and opto-electronics. It is just a pity that the management were allowed to help themselves to too much of the portion of the proceeds, all of which is plainly spelled out in the prospectus. I mean who needs £100 million? Could they not have been satisfied with just £50 million each and be sitting on a business with a healthy $200 million in cash, no debt, and most probably at a much higher share price than today! |
Posted at 29/4/2024 08:02 by valhamos So you agree with my querying whether the FactSet 2026 eps quoted above (giving a claimed P/E of 11) was correct because I suspect it has been 'adjusted' for all sorts of things?A cash measure is important ( but adjusted EBITDA is not it when it excludes $29m cash paid in interest and tax in the recent accounts) especially if they are going to run out. But my main concern is not cash but profit - bottom line profit. Following recent events AWE are going to have work pretty hard to convince investors there is anything in it for them. If they can demonstrate or forecast good profitability ( not adjusted EBITDA!) then extra finance if needed shouldn't be an issue. But at the moment we seem to be a few years away from any profits. |
Posted at 28/4/2024 12:49 by valhamos While I also remain optimistic about its long-term prospects I am not a great fan of this massaging of numbers. For instance why would $40.7m of compensation be stripped out? Share options are an employee cost and legitimately go through the income statement. Measures like "adjusted EBITDA" are not sensible for serious investors.So is the FactSet 2026 12 cent eps inflated by adjustments? |
Posted at 21/3/2024 10:21 by dividevil In a way AWE already benefit from this chips act through their partners. It was something I queried with investor relations. |
Posted at 21/3/2024 07:39 by takeiteasy Good point and if we stay at these low levels, investors need to call for a move to Nasdaq.When I mentioned this on advfn once before I was met with a chorus of disapproval for all those firms that have moved without the share price rating success they were hoping for.... |
Posted at 02/10/2023 18:51 by f56 Follow sceptical investor. In this case it makes sense! |
Posted at 25/9/2023 21:37 by valhamos The investor presentation and webcast is now on the website.Also on the blog page on the website is a very informative interview with the CTO Tony Chan Carusone talking about connectivity solutions for AI hardware - as per today's announcement 77% of Licence and NRE bookings are in advanced nodes with 90% of that related to AI/HPC (High Performance Computing). Only Marvell is competing with Alphawave in this area. |
Posted at 24/8/2023 20:58 by valhamos "The market can drive a person to madness" The prevention is not to be concerned about short term share price movements."it ...can stay irrational.." which is where rational investors make money. If you were kicking yourself for not adding yesterday morning, then you must delighted to have had another opportunity this afternoon? |
Posted at 26/10/2022 20:41 by rambutan2 Courtesy of Mr Biden:Proposed Secondary Placing of approximately 32 million ordinary shares in Alphawave IP Group plc 26(th) October 2022 Wise Road Alpha Investment Fund I, L.P. and SMART Growth Fund, L.P. each acting through the general partner of the respective partnerships ("Wise Road", or the "Sellers") announces their intention to sell up to 31,719,187 ordinary shares (the "Placing Shares") in the share capital of Alphawave IP Group plc ("Alphawave IP"), through a placing to institutional investors (the "Placing"). The Placing Shares represent approximately 4.6% of Alphawave IP's issued share capital. Given the evolving geopolitical environment, and given the recent closing of Alphawave IP's OpenFive acquisition, the Sellers believe the it is the right course of action to exit their Alphawave IP shareholding. Following completion of the Placing, Wise Road will hold 13,778,093 ordinary shares in the Company, representing approximately 2.0% of the Company's issued share capital. It is intended that these residual shares will be distributed to certain investors in the Sellers' Funds who wish to retain a residual stake in Alphawave IP and benefit from their ongoing ownership. The remaining Alphawave IP ordinary shares held by Wise Road and their investors following the placing will be subject to a 90-day lock-up, subject to customary exceptions. The price per Placing Share will be determined by way of an accelerated bookbuilding process to institutional investors. The bookbuilding period will commence immediately following this announcement and may close at any time on short notice. The results of the Placing, including the number of Placing Shares to be sold and the price per Placing Share, will be announced as soon as practicable after the closing of the bookbuilding process. Barclays Bank PLC ("Barclays") is acting as Sole Global Coordinator and Sole Bookrunner in connection with the Placing. Alphawave IP will not receive any proceeds from the Placing. |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Hot Features
Premium
