Hiwave Tech Share Discussion Threads

[lefrene] 30/5/2012 18:42

John of Groats, I have seen it happen twice, but not in listed companies. The cases I know of though very different businesses each relied on one major customer with too few secondary customers to carry them through thin patches. In each case the main customer dragged their feet over paying invoices knowing that their suppliers operated from rented premises. In both cases the predator offered a takeover deal but needed to see the books first. They then delayed the takeover whilst they pinched the other customers and then greatly reduced their takeover offer. In each case the target companies were too trusting and didn't hire really hardnosed lawyers. It certainly was an education for me, luckily I wasn't involved with either business. However I don't doubt their are listed examples where small outfits have been shafted. The staff are easily poached you just offer them far more money than they could get with the target business. The only ones who usually won't jump ship are the directors, with the others it's just the size of the bribe that varies.

Whoever this big USA company is will know they have the whip hand, now we know the cap will be passed round again, Mr Lewis has been caught short on his game plan due to factors beyond his control, though perhaps he refused to be blackmailed and today is the result of him holding out for better terms. As per usual I doubt the mere shareholders will ever learn the truth.

[dafrog] 30/5/2012 16:32

Nigel,



From a Motley thread.

[gnnmartin] 30/5/2012 16:24

There seems to be a good two way trade in HIW shares at the new low level, so someone still thinks they are worth a punt.

dafrog, is that a quote? Where from? I've seen a lot of people suggesting HIW are working with Apple, but nothing reliable to back that up. Indeed I would not expect Apple would permit HIW to say anything even if there is something to say. Is it just people guessing that HIW sound is an obvious fit for a tablet?
Nigel Martin

[dafrog] 30/5/2012 15:27

"We generally rely on what customers want," says Lewis, ""Apple is doing research and feeding it back to us."

[john of groats] 30/5/2012 15:26

lefrene,

I have heard that so many times about small tech companies - a big customer will let them go bust and then buy the business for peanuts. I cannot recall it ever happening. Have you any examples?

One reason why it does not happen is that the real capital is not in the IP but in the highly skilled personnel who know how to develop and apply it. They tend to jump ship before it hits the rocks as their skills are valuable in a wide range of industry sectors. Wait for the crash and pick a few bits of paper - no way if you really want the business.

John

[lefrene] 30/5/2012 11:14

I would expect that whoever this potential customer is will likely sit back and pick over the corpse of HiW. Why would something drag on for 15 months, unless you were waiting for the business to fall off its perch?

Good luck spookies, like most others here I have lost a pile, thank goodness I didn't give in to the temptation to buy more before the results.

From the things the company was saying I had begun to believe that they were actually selling enough widgets to bring the company to breakeven, now we learn that all hinged on swinging a big deal with just one major customer.

[gnnmartin] 30/5/2012 11:02

The revenue was disappointing. The switch to selling components rather than licensing IP has resulted in a slight fall in revenue from selling components and a fall in orders. :-( It sounds pretty grim. The company looks certain to need more money, and it will almost certainly be screwed by the market unless it can persuade some kind customer to underwrite the future, perhaps by taking a stake.

It's a pity. I like what I've heard from the new management, and I thought they had a decent chance. They are still not dead, but the dead weight of years of disappointment will hurt their chances of pulling through.
Nigel Martin

[spookies] 30/5/2012 10:27

I held these in the past from 1999-2007. Sold some at the top but kept some and averaged down. Sold out in 2007. Never made any money as what I made I also lost so ended up breakeven. Moved into PDX and watched as it went to £7 and now down to 15p. PDX was also relying on a big contract win which they did not get, two weeks back. Funny how I pick companies with similar stories. Bought back into HIW this morning as a punt.

[lefrene] 30/5/2012 09:45

At the AGM they were confident of a trading breakeven by September, which rather gave the impression that the actual business was improving, now it becomes clear they were hopeful of landing a big deal with a single major customer. It does look very much like same old dog with same old spots.

[folderboy] 30/5/2012 08:45

Some seem to still see this as a chance to add . . .

[dafrog] 30/5/2012 08:45

"As of today, the agreement has not been finalised, and therefore the Board cannot rely on any revenue from this potential contract in the current financial year. This has an immediate impact on our revenue expectations for the year to September 2012, and also impacts the year to September 2013."

September is only 3 months away. Obviously a new contract with a Major would be unlikely to result in cash within such a short period. The intimation is that the agreement will be finalised. Wht would the share price be if a contract with Apple was? Worth a gamble.

[kenbachelor] 30/5/2012 08:44

And to think that I sold 14,400 of these at £24 a few years ago. I've been averaging down on the 1,600 I kept ever since!

[pugugly] 30/5/2012 08:30

Looks as though no real quantum jump from the old NXT. message I get is that the technology is not capable of meeting commerial hopes - So no change from the NXT situation. Fundraising or bust definately on the way. (imo)

Maybe the only hope is for the copy to be bought by say the Indians and do a jaguar/Landrover,

[buybuybuymenow] 30/5/2012 08:12

All together now sing " Am on a High Wave to Hell "

[folderboy] 30/5/2012 07:28

J7 - tend to agree except that, as ever, there is the possibility of heaven! Big hints of the Apple tie up - not completed but still an IF. This could, and probably will, plummet when the market opens but - if either of the deals are finalised then it could rocket. Would have just liked one joyous, fully positive results morning!

[johnyee 7] 30/5/2012 07:21

hiwave to hell by the looks of it.

[folderboy] 30/5/2012 07:19

Trading statement - puts the boot in!


HiWave has been working with a major US company for the past 15 months with a view to entering into a development agreement. Throughout this engagement HiWave significantly progressed its personal audio technology, and filed several new patents in this area.

As of today, the agreement has not been finalised, and therefore the Board cannot rely on any revenue from this potential contract in the current financial year. This has an immediate impact on our revenue expectations for the year to September 2012, and also impacts the year to September 2013.

[folderboy] 30/5/2012 07:13

Results. First take. Sonds much more professional, competent and assured. Some excellent sounding parts tempered, as ever, by real caution and worry - futrther fund raising? "As a consequence of this uncertainty and the growth opportunities available to the Group, the Board has assessed the Group's finances and is considering options for the future financing of the Group."

[gnnmartin] 24/5/2012 10:32

Another pleasing RNS.
Nigel Martin

[folderboy] 23/5/2012 08:35

Normal downward process resumed . . damn it - and a few of those 50 - 100K disposals.

[joeblogg2] 22/5/2012 16:16

I would be worried if there were 500k + sales . From the recent rns , it could finally surprise us and start to generate meaningful sales??

[folderboy] 22/5/2012 16:13

Sorry - that didn't format too well did it!

200K, 115K 200K 100K 107K and 50K

Not super massive - but a bit of a late pattern?

Not that I am honestly expecting to ever reach my 8p average price!

[folderboy] 22/5/2012 16:11

Num Price Size Bid Offer Time Buy Sell
0 2.889 13468 2.8 2.95 07:02:14 13,468
1 2.889 47000 2.8 2.95 07:10:10 47,000
2 2.889 15000 2.8 2.95 07:44:09 15,000
3 2.93 50000 2.8 2.95 08:03:01 50,000
4 2.93 50000 2.8 2.95 08:12:31 50,000
5 2.925 20000 2.8 2.95 08:30:56 20,000
6 2.925 19000 2.8 2.95 08:59:57 19,000
7 2.925 20000 2.8 2.95 09:06:18 20,000
8 2.8 200000 2.8 2.95 10:36:36 200,000
9 2.81 115000 2.8 2.95 10:37:04 115,000
10 2.92 70000 2.8 2.95 12:36:53 70,000
11 2.8 200000 2.8 2.95 12:54:30 200,000
12 2.815 100000 2.8 2.95 13:33:00 100,000
13 2.89 20000 2.8 2.95 13:46:07 20,000
14 2.8 107143 2.8 2.95 13:51:50 107,143
15 2.8 50000 2.8 2.95 15:07:39 50,000