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Real-Time news about Clearspeed Tech (London Stock Exchange): 0 recent articles
|hugepants: No sign of Farleigh buying more despite sub 10p share price. Maybe thats him finished.|
|hugepants: It looks like Mr Market Maker is trying to slowly walk the share price back up. I dont think this small rise is being driven by buying volume.
When CSD floated in July 2004 they had already raised £41M See placing document (http://investor.clearspeed.com/support/pdfs/prospectus.pdf)
Since floatation they've raised another £50M. Theyve only 20M left but there surely has to be value in the intellectual property.|
|supernumerary: tradx - I know, but I can't see how they can raise more cash without something more than a good story. Who's going to buy in the face of that share price graph unless they really have a solid sales and profit message to sell?
That's why I think survival will become an issue during the year if they don't win substantial more business. Personally I expect there to be some trimming during the year to stretch the cash - they can't go on at that rate for much longer without action.|
|taylor20: Curiously one of Collins Stewart's picks for 2008:
The share price has suffered over the last 8 months from a perceived lack of
progress in commercialisation of ClearSpeed's advanced technology.
However, the company is at the vanguard of an emerging market and has
demonstrated its viability through recent contracts with TITECH and BAE
Systems and partnerships with Sun Microsystems and Hewlett-Packard.
While these are not yet significant in revenue terms, there is now greater
confidence in the expected ramp-up in revenues during 2008. The recent
appointment of George Elliot, former FD of Wolfson, as Non-executive,
provides valuable expertise for building ClearSpeed into a market leader.
ClearSpeed's prospects are therefore less about general tech spend than
the continuing acceptance of acceleration in the High Performance
Computing market. CSD has approximately £19m cash, equating to 30p per
share, which should be sufficient to reach break-even at the end of 2008.|
|ch8rlie2000: Could any of you more experienced guys out there help me out with a simple explanantion to my current confusion?.... How is it that with the likes of J O Hambro, Lansdowne and Fidelity all buying fairly large chunks ( certainly more than the average daily amounts moved on this stock) of Clearspeed in recent days that the share price is falling?
Am I right in thinking that the CEO and the major shareholder probably only sold their shares to meet these institution orders?
Looking for enlightenment.................|
|taylor20: Crikey, no pleasing some people! ;-)
I thought the point was that this is the first time they have started shipping boards in volume to any customer [that they can tell us about of course!](excluding prototypes, A & B model boards), i.e. this is very much a finished product with all issues ironed out.
This is one of the company's major milestones, hence the announcement.
What annoys me is that the share price always start to move up about a week or two before the RNS is released.|
|bachman: Lemming Investor Brief Updates 2 December 2005
ClearSpeed Technology, a specialist microprocessor jumped 16p to 233.5p, (130p*) on the back of a discounted fund raising net £20.02m in a placing of 10,097,560 new ordinary shares at 205p each to fund expansion.
The funds will used to consolidate the company's selection by the Tokyo Institute of Technology to participate in a consortium, led by Sun Microsystems, to develop Japan's largest super computer.
It will also provide additional working capital to finance the start of volume shipments of the company's first product, the CSX600. Clearspeed is increasing the rate of investment in the company's sales and marketing effort and in product development. The placing proceeds will also strengthen the company's balance sheet.
The placing shares will be placed with institutional and other investors.
ClearSpeed said it has received irrevocable undertakings to vote in favour of the fundraising at the company's EGM in respect of a total of 19,754,999 ordinary shares, representing 60.82%.
System C Healthcare issued a profit warning in a trading statement today, just eight weeks after we initiated our coverage at (56.5p*). The shares fell 22% to 37p after the company said negotiations with NHS National Program for IT (NP IT) had caused volatility in revenue conditions for the Company, but that the outcome of negotiations about new product and services opportunities could have a significant impact on the results for the current financial year and beyond. Whilst the company expected that those negotiations would be concluded in the short term, it is now aware that the final outcome has been delayed by at least 3 months. Consequently revenue and profits for the year will be significantly below expectations.
The Company intends to maintain its operational and development capacity to ensure that it is able to take full advantage of substantial business opportunities as NPfIT gathers pace, and is well supported in this by a strong cash and balance sheet position.
Helphire Group the vehicle replacement service company, gained just 8p closing at 356p, (214p*) on the news of an appointment of Rodney Baker-Bates as Non Exec Chairman. Rodney Baker-Bates was previously Chief Executive Prudential Financial Services from 1998 to 2001 and prior to that he was the Finance and Information Technology Director for the British Broadcasting Corporation between 1993 and 1998.
Stanelco jumped 11% on the back of Teather & Greenwood advice to hold on to cash and buy later. Investors took this as positive note:-) We remain cautious until the full ramifications are known with the pending BPRG v SEO debacle scheduled to conclude in early 2006. Nevertheless, SEO are still ahead of our (5.25p*) inaugural research note, now trading at 14p, but well off their high of 32p since our feature. BPRG, are trading at 50p, 5p down from our (55p*)inaugural feature and well off their high of 165p since our feature.
Petrel Resources lost 5.5p, closing at 60.25p, (36p*) as investors realised today's announcement was nothing new, other than the formal signing of a $197.4 service contract with the Iraq Ministry of Oil to develop the Subba & Luhais oil field, announced on 7 September 2005
The project is to develop existing reserves to raise production from under 50,000 barrels of oil daily to over 200,000 barrels of oil and 120m cubic feet of gas daily.
Petrel has mobilized a development team: initial work is mainly engineering design. We plan to conduct site surveys in close cooperation with Iraqi Ministry of Oil officials early in 2006.
Please note the editor of Lemming Investor has a holding in Petrel Resources
(*) indicates the share price at the time of our inaugural report
The content of this e-mail should be read in conjunction with our disclaimer
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|appalachian: simon self - 24 Aug'05 - 08:17 - 151 of 153
Cheers taylor, the next few months activities should give some direction to where the share price is heading.
Never !!....ROFL !!
Here Kitty Kitty Kitty...
|simon self: Cheers taylor, the next few months activities should give some direction to where the share price is heading.|
|redbraces: I bet you those were two (100,000) directors sells circa 15.00pm to balance the books, now that I bought 2000 shares at todays high 15.36pm. Well you cannot win them all.
Interesting to see, they marked them up 2p directly after my trade. The RSI is approaching 100%, therefore a retraction on the chart/share price is due, hopefully, then I can get some more.|
Clearspeed Technology share price data is direct from the London Stock Exchange