Tekcapital Share Discussion Threads

[speedsgh] 26/1/2017 09:01

So the long-awaited placing rns has arrived this morning. Looking to raise up to £2.4m (not less than £1m) at 35p. The market seems to have taken the news as mildly positive at present.

Proposed placing to raise gross proceeds of up to approximately £2.4 million -

Use of Proceeds
The Company intends that the net proceeds of the Placing will be predominantly used to:
· launch IP-related software applications;
· expand the Company's sales programme in Latin America;
· acquire and market new intellectual properties; and
· for general working capital purposes.

Some useful titbits under 'Background to the Placing'...

re possible Belluscura IPO in 2017 - "The Company is currently exploring an IPO of Belluscura in 2017. If this IPO proceeds, then the Directors believe that this should represent a value inflexion point for Tekcapital's shareholders."

"The Board believes that the Company would benefit from additional finance to enable it to accelerate its growth strategy. The Placing is expected to allow the Company to continue to fund acquisitions of additional new potentially disruptive university intellectual properties, and complete further out-licenses of intellectual properties that are already under exclusive license to Tekcapital, several of which are currently in negotiation. The Board believes that this strategy, coupled with the future growth of sustainable income streams from corporate services, out-licenses, and the potential IPO of Belluscura, should facilitate the creation of material shareholder value over the LONGER term."

Interesting that they appear to see a possible Belluscura IPO, and not the out-licensing of the much-vaunted Crackle-baked process, as the main catalyst for increasing shareholder value.

[mikeroot5] 04/1/2017 09:39

TEK RNS covered by Trader Tim this morning, good analysis! Price is key with this one.

[pj 1] 04/1/2017 08:20

Hopefully, would certainly be a first in 2017!

[battlebus2] 04/1/2017 08:13

Yes good to see, what a placing we shareholders may participate in....

[pj 1] 04/1/2017 08:10

Nice to see positive news. No contract yet. Beware a pump before a placing!

[battlebus2] 28/12/2016 11:23

Yes it is progress, hopefully they have more success and we can see a good return from the 5% royalties.

[pj 1] 31/10/2016 08:05

Initial reaction. Latin America? MIRA?

Confirms the changing strategy IMO, wonder why they have not communicated it to Investors more pro-actively? Maybe VOX Markets says it all

[speedsgh] 30/10/2016 15:51

London buses, bb ;-)

[battlebus2] 28/10/2016 13:15

It'll happen RP19, sooner rather than later imv :))

[rp19] 28/10/2016 12:50

From the half year interims - "By the end of the year (November 2016) we expect to make significant out-license progress". Getting towards time to deliver.

[battlebus2] 28/10/2016 07:37

Crackle bake making progress with second patent allowance.

[battlebus2] 25/10/2016 08:03

Private placing Nigel Wray inc for Belluscura..

[pj 1] 12/10/2016 17:52

Yes. Very interesting move today. Watching more closely now

[battlebus2] 12/10/2016 16:33

Continuing to move higher, some news would be helpful.

[battlebus2] 04/10/2016 11:10

Noticed these are slowly creeping higher again.....

[battlebus2] 31/8/2016 07:42

Half year results out....increased losses as I expected.... Positives on some of the technologies with maybe news in November. U salt still being tested with major producer. Our value of the holding in Burlesscara is $3.3 million, hopefully we can get a revenue stream from here. Cash of $1.9 million. It all still rests on there ability to make a deal. Boom or bust :))

[battlebus2] 03/8/2016 10:47

I'm still holding a few after taking profits a while back, lack of contract news is killing the share price. Good luck PJ we may fall further short term.

[pj 1] 03/8/2016 09:34

Im out boys, sorry its gragged the price down but its just an awful chart now

Also , Co has failed to respond to my communications, so B*lls to 'em. Still on the W/l but no proven model yet. Good luck if you're braver than me

[pj 1] 27/7/2016 08:53

Lets hope its a good one BB2 lol

[battlebus2] 27/7/2016 08:47

Oh so quiet here........some of these days we will wake to a surprise....

[mach100] 17/6/2016 12:52

Good news today and a vast improvement on previous RNS's. I would like the company to deliver on some tech now rather than a procession of acquisitions.

[battlebus2] 06/6/2016 18:39

Interesting comments. Let's hope for a positive taste test then.....

Mars Food plans to reduce sodium in its products by 20% in the next five years and Nestlé SA voiced its support for the US government's sodium reduction efforts.

Tekcapital plans to team up with partners to commercialise the technology and will conduct a taste test for a major food company in the next few weeks.

Gross said: "This should bode well for Tekcapital, the inventors of the technology and the consumer."

[battlebus2] 06/6/2016 12:45

Yes but it does look another possible great buy. Peoples health is a biggy atm.