Alphawave Ip Share Discussion Threads

[hew] 20/5/2024 14:23

"Tipped" not quite an adequate term. It's "An Investment Idea" in the IC. A substantial piece giving a fairly detailed review of pros and cons.

Clearly, by spotlighting it, IC regards it as worth considering

No Advice

[takeiteasy] 20/5/2024 10:36

which paper out of interest thanks

[blueball] 17/5/2024 08:21

Tipped today.

[gregmorg] 10/5/2024 16:40

Nice to see the CFO put real skin in the game a couple of days ago

[takeiteasy] 09/5/2024 07:14

Some seemingly quite reasonable results from ARM last night - but not to the market's liking and down 10%.

hxxps://www.msn.com/en-us/money/markets/arm-stock-slips-despite-earnings-beat-investors-wanted-more/ar-BB1m3BEg

dyor etc

[casholaa] 07/5/2024 12:51

340p here we come I hope!

[tsmith2] 07/5/2024 09:51

and today too

[tsmith2] 07/5/2024 08:09

very decent director buy

[tsmith2] 03/5/2024 10:36

looking healthy today

[takeiteasy] 01/5/2024 21:50

Can this still carve out a decent future - so many fits and starts!

[dividevil] 01/5/2024 18:04

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!

[gregmorg] 01/5/2024 15:14

Collusion you suggest-heaven forbid . Possibly more a coincidence the traders use the same lunch time watering hole!

Unfortunately this particular stock has a history of slip ups and the markets these days are quick to punish any perceived moment of weakness. Sometimes I rather feel that’s the whole purpose of algorithms! !

[dividevil] 01/5/2024 14:47

gregmorg, in my opinion it was active shorting by institutions who curiously always seem to work in tandem.

[gregmorg] 01/5/2024 14:10

Well if the mini mini shakedown wasn’t to do with the boardroom departures as announced ( for better or worse!) what exactly , in your opinion , was it all about?

[dividevil] 01/5/2024 13:48

For clarity, the directorate change does not take effect until the AGM.

They are all Independent non-executive directors.

Apart from Paul Boudre (who is getting on a bit) the ones leaving have no real background experience in the semiconductor industry, let alone in AI / datacentres.

Paul and Susan both held 48,780 shares from when they were first appointed.
Rosalind held 52,420 shares of which she bought 7,961 herself in Oct 2021.
Victoria held 102,821 shares of which she bought 78,431 herself also in Oct 2021.

The mini shake down this morning has nothing to do with the announcement.

[valhamos] 01/5/2024 11:28

It will save money in short-term. Not sure why they had so many non-execs. The company is inevitably becoming more America-focused, and I think the replacements (perhaps only 2 are required) will be US nationals, also because of the stated requirement for AI experience.

[casholaa] 01/5/2024 11:26

Never saw so many people choosing not to remain on a board before. This tells me that the 'remainers' should also leave next year if they cannot convincingly deliver as this would be the reason for them continuing this year.

[indiestu] 01/5/2024 11:10

There is of course the possibility that these directors have smelt a rat and left to avoid professional harm. The markets reaction to the news would indicate that all is not well. I don't have time to research what stake these directors held but it will be interesting to find out if they dumped any shares this morning.

[hairybeast] 01/5/2024 10:42

Seems sensible. The board they had in place was since the IPO and the needs are different now. Board members get paid a lot of money for what they do and it's a chance to bring on industry players that can push the business forward. Positive move, IMHO.

[gregmorg] 01/5/2024 09:53

non executives by the look but fd and auditors in place by the looks of it

[gregmorg] 01/5/2024 09:40

well it has shaken my tree anyway! Explanation rather thin as well

[casholaa] 01/5/2024 09:39

What have they done now??

[tsmith2] 01/5/2024 09:28

Tree shake

[takeiteasy] 30/4/2024 20:28

image showing level of capex of top 10 cloud providers...


dyor etc