Albert Technologies Share Discussion Threads

[smithless] 16/7/2019 09:40

So have enough cash for the next 10-12mths, but decided to delist. I can only conclude that new business wasn't converting from the pipeline, as was promised, at last fundraise and old and new investors just don't believe management anymore. With some decent newsflow, this would be 20p, but reading between the lines, revenue has deteriorated since the trading update. Yes, it's heading for insolvency and even it survives, current shareholders will be diluted to nothing and no one will have a clue whats going on in the business. Either Richard Griffiths was closing a short on this one when he acquired his holding or more likely he just lost £2m+. The whole thing smells of usual aim poo.

[escapetohome] 16/7/2019 09:01

Dont avoid all israeli companies at all, many will be top class.

Only avoid the ones listing on aim due to their general poor record only, ditto indian and chinese and many many british ones too.

[pre] 16/7/2019 08:38

100k sells at 2.05 from earlier buys of around 1.3-1.4p...someone did ok

[bookbroker] 16/7/2019 08:29

Reason for delisting is company is insolvent, they see no chance of fund-raising!

[brownie69] 16/7/2019 08:16

Basically its a form of theft.

The lack of newsflow and trying to get interest amongst investors suggests they have been working on this for a while. They will now have this high growth business all to themselves. The only hope would be if enough shareholders vote against. I know I will, but I dont know if there is enough of a free float to stop this scandal.

The other thing is to avoid the directors in future who have overseen this. Maybe en grounds for reporting them for fraud. No doubt they are being "looked after" in this sorry affair.

[pejaten] 16/7/2019 08:08

This is what I have found as well.. Israeli companies should b avoided as you get screwed every time

[escapetohome] 16/7/2019 07:49

escapetohome28 May '19 - 08:19 - 50 of 60 Edit
0 0 0
Oh dear! Glad this is only on my watch list. ‘Long term’ mentioned in update.


“Taking into account the performance for the start of the year, and the fact that as previously stated Enterprise clients' sales, onboarding and expansion of activity, takes longer than for our previous roster of midsize and small businesses, management anticipates that revenues for 2019 are unlikely to reach current market expectations, which forecast revenue to more than double over 2018.”

[escapetohome] 16/7/2019 07:47

Im glad i just put this one under observation only.

A supposed go go stock, but suddenly started falling, didnt seem right.

Tempting to buy in at lows, but something just didnt seem right sales cycle lengthening.

Glad i avoided.

[blueball] 16/7/2019 07:46

Another 1p share.

[orinocor] 16/7/2019 07:29

BOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOO

[orinocor] 16/7/2019 07:27

Shameful and disgracful. Delisting after only 4 years. What a complete failure.

Avoid all Israeli companies. They are as bad as the Chinese and Indian ones.

BOO
BOOOOOOO

[smithless] 12/7/2019 09:11

Well, it looks like the PI are giving up on this one and who can blame them. The utter lack of news flow from what is supposed to be an exciting dynamic company says it all - well done Or Shani Current mkt cap = cash, so mkt values the $32m it has spent in R&D and marketing since 2016 at zero pathetic.

[bakunin] 14/6/2019 12:25

A lot of the expenditure can be turned off once the core product is fully-fledged and sales momentum is under way. Either that or sales take off to the extent that you say. A blueprint would be WAND. As the CEO said in an interview, it is an opportunity to invest in the early VC stage that is just not available at all in the US and rarely elsewhere. Obviously, the vast majority of PIs are right not to risk their own money in the way that VCs invest other people's money. They prefer stable operations like KIE.

[ewanwhose] 14/6/2019 11:46

Reading between the lines, maybe 8M loss in the current year which will use up all the cash. Roughly needs revenues to quadruple to achieve breakeven when they will less than double this year.Too risky for me at this stage, but on the list for future review.

[bakunin] 14/6/2019 10:00

Very low valuation for the disruptive potential of their technology and initial sales headway that Albert has made. Recurring revenue model. Valuation way too low.

[smithless] 14/6/2019 09:56

Also on my watch list and remains so. It currently has about $8.5m cash left (near current mkt cap) if no cost-cutting measures have been taken. Really need to get a lot of news flow into the market asap. Surprised Richard Griffiths has such a large interest in this one - reason it's on my watch list - as he's quite a recent investor and isn't daft. Very tempted at this level, as any decent news will see it back to 15p quickly IMHO

[escapetohome] 28/5/2019 08:19

Oh dear! Glad this is only on my watch list. ‘Long term’ mentioned in update.


“Taking into account the performance for the start of the year, and the fact that as previously stated Enterprise clients' sales, onboarding and expansion of activity, takes longer than for our previous roster of midsize and small businesses, management anticipates that revenues for 2019 are unlikely to reach current market expectations, which forecast revenue to more than double over 2018.”

[rambutan2] 10/4/2019 19:18

Overhang cleared as PE backer sells final tranche, with Mr Griffiths taking them:

[tonynorstrom1] 15/3/2019 07:27

I have seen the video - landgrab is fine as long as they don’t have to do raise further funds and dilute existing shareholders.

Outlook is key as robward already stated - would like to see a significant rise in revenues in next update - they’ve been at this quite a while now.

[hausofmaus] 14/3/2019 20:13

There is a very good video with CEO here: hTTps://www.google.co.uk/amp/s/www.proactiveinvestors.co.uk/companies/amp_overview/17294Tbh I don't think making the money last is a priority for them, as it's a landgrab now. Last raise was at 37p though. I strongly expect them to be bought out at some stage. A bit odd that they are on Aim at all (historical reasons I suppose), but lucky for us as we can grab a share of the pie!Move up in past few days triggered by a large transaction (buy, I guess) a couple of days back. Exciting times again!

[tonynorstrom1] 14/3/2019 19:34

Robward,

Good post - would also point out they have hired a couple of high powered executives in the last year so cash burn is likely to have gone up. I’m not sure the cash will last unless revenue increases dramatically.

[robward] 14/3/2019 17:41

Hi hsm12
I concur that Albert could be going places, however, I would like to point out that the Market Cap is £22m with cash of $22 as of 30th June 2018. Assuming loss for the 2nd half is the same as the 1st half ($6.3m) then cash position as of 31 Dec 2018 would be $16m (approx) which equates to £12m so therefore cash is approximately half of market cap. Hopefully enough to see the Company through to profitability. The outlook statement will be key of course.