Allied Minds Share Discussion Threads

[bobonumber1] 21/9/2022 19:37

When of your best comments Kooba was " they seem to win more prizes than contracts "

[kooba] 21/9/2022 17:17

There's prizes!!https://twitter.com/fedwireless/status/1572609132737470466?s=21&t=RKYlneF8Y4DKXWyoLdOinQ

[kooba] 15/9/2022 11:23

Interview with ceo of OSK.http://www.satmagazine.com/story.php?number=1337551781

[davesailing] 14/9/2022 18:43

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[kooba] 14/9/2022 17:18

Also interesting AWS launching private networks.https://www.lightreading.com/private-networks/amazon-starts-selling-private-5g-plants-flag-on-pricing/d/d-id/779687'However, Amazon did mention partners including Bearcom and Federated Wireless that can provide network planning and installation services.'

[kooba] 14/9/2022 17:15

This Saudi Arabia demo could be big..interesting partners Aruba giving equal space. Aruba is subsidiary of Hewlett-Packard Packard after $3b takeover several years ago. A bid player. This is state of the art stuff they are working on.Just hope someone with deep pockets makes an offer that can't be refused sooner rather than later !https://www.tahawultech.com/features/aruba-aims-to-be-a-leader-of-wi-fi-6e/

[kooba] 08/9/2022 12:11

If being a key provider in spectrum sharing in the rapidly growing private network markets they are gaining that sort of traction i think a trade sale more likely on that timescale..since revenues are largely recurring one could see decent multiples on that revenue giving a value significantly above the post new money value. Hears hoping! Currently valued at about 25p per share double that is not impossible for control.If there is a 12m likelihood of monetisation opportunity then de listing would save about $2m on that time frame...so no great saving for forcing some shareholders out and reducing regulatory oversight.I still think by moving to aim reviewing all costs they can save a similar amount if the business which literally now just owns 4/5 shareholdings is run on a fiscally appropriate basis.Review all advisor costsLook at legal feesLook at salaries The company is now just a passive investor they say with not authority to decide on exits..why the huge costs??De list is lazy its cutting a few listing fees but still they are looking at $3.25m admin and general..for what??

[bobonumber1] 08/9/2022 08:57

It always was the plan once revs hit high double digits. Was discussed on capital markets day a few years back and at one of the AGM's when people where allowed to sit around and talk to each other. 2019 I think !

[wbodger] 07/9/2022 23:54

That's a point, bobonumber1. That says delist is proceeding. No reason for Saba to close it if delist is not going to go ahead.

Annoying that they have made money on the short.

[jj3483598] 07/9/2022 23:34

"The plan is to IPO federated in the next 12 months. Right now is a little to early. Next year with verging on triple digit revenue it will be prime for that."

@bobonumber1: how do you know this? I cannot find any info about a plan to IPO in the next 12 months

[bobonumber1] 07/9/2022 21:02

They have to if it delists !

[kooba] 06/9/2022 15:42

Saba closing shorthttps://www.shorttracker.co.uk/manager/saba-capital-management-lp/

[davesailing] 06/9/2022 15:10

A reasonable number of trades today and the big sell off overhang appears to be diminishing.... Share price recovering a bit after the delist slump.

[kooba] 03/9/2022 12:03

Bobo DM’d if you have a mo.

[kooba] 02/9/2022 16:00

Obviously ALM holding cash the only accounts of portfolio companies that were consolidated were BridgeComm i believe where we have been diluted so in future all holdings should just be shareholding of the group.Bridgecomm and orbital on running on fumes and need finance but no debt.Federated and OcuTerra are financed for the foreseeable with federated possibilities funded to cash flow positive.So there is no debt as far as i am aware.

[davesailing] 02/9/2022 15:49

Does anyone know the net cash position of ALM including the net cash (or debt) of the shares holdings that it owns?

[spectoacc] 02/9/2022 15:37

Sure, they don't have to - but the point is, today's announcement shows they've had no bids. Yes, is possible someone's offered say 5p/share for ALM - no "notable interest" is how they phrased it - but once again, whatever they say about eg FW, whatever is claimed on here, the facts on the ground are that no one has come forward for it, and that no one has even tried to pick up the FW stake dirt cheap by buying ALM itself.

Why?

Meanwhile, yet another plaintive call for interest:

"Notwithstanding that, the Board remain receptive to any proposal for the whole or part of the business, prior or subsequent to any proposed de-listing..."

Things could work out - 0p-30p is my guess, over an uncertain timescale. Took me quite a few years to separate ALM fact from ALM fiction, even before the much-touted SPIN was abruptly valued at 0p.

FW has been the great hope for a long time - hopefully for long suffering shareholders, it'll come off. Is worth considering the evidence tho.

[bobonumber1] 02/9/2022 15:32

They don't need to take a cheap bid on federated. Right now you are effectively buying shares in federated at over 2 times less than what Cerberus paid 3 months ago. They would have done their due diligence and would have been privy to information that we do not have.

[spectoacc] 02/9/2022 15:32

Hopefully the markets will be receptive to it by then, but you have to wonder why no new shareholders, or existing shareholder, are interested in ALM's stake in FW.

Or as @davesailing points out, are interested in FW at a large discount by buying into ALM itself. More so since the endgame would be in specie distribution.

Not trying to be negative, but pointing out why things don't add up.

[bobonumber1] 02/9/2022 15:28

The plan is to IPO federated in the next 12 months. Right now is a little to early. Next year with verging on triple digit revenue it will be prime for that.

[spectoacc] 02/9/2022 15:00

"federated get real traction it is a rapidly expanding private network market and their spectrum sharing technology is a key component. The last fund raise effectively a down round still sees the holding worth 24p odd and there is certainly upside on that"


They've had no offers for it, nor for the co at a large discount to FW.

$10m cash won't last out realisation timescale (it won't be 18 months).

[davesailing] 02/9/2022 14:57

ALM cash position is 10M US dollars.(Over 4p per share). ALM current holding of Federated Wireless is valued at 25.6p per share (so this is valued at under 7p per share with the current ALM share price of 10.8p!!!!!

[kooba] 02/9/2022 14:33

Is there a further update on last week?On the hunt for tech bargainsShares in two small-cap technology companies have been savaged this year, but at such depressed valuations the investment risk is skewed to the upsideAugust 25, 2022By Simon ThompsonInvestors invariably head for the exit on news of a potential de-listing. This was the case with Allied Minds (ALM:10p), a Boston-based intellectual property (IP) commercialisation company focused on investing in early-stage companies with disruptive technologies.As part of a strategic review that could lead to an outright sale of the company, or distribution of assets and cash, the board is consulting with shareholders to ascertain the level of support for a de-listing to save on listing fees. Allied Minds' share price had been trading above the level of my last update ('An unloved deep value play', 17 June 2022), but tanked on the news.I would not sell out at these depressed levels as the group's largest holding, Federal Wireless, is alone worth $72.3mn (25.6p a share), or 2.5 times Allieds Minds' market capitalisation of £24mn. That technology group is reshaping wireless connectivity for cloud-based technologies by providing customers with a high performance, accessible and secure private wireless network.Including proforma net cash of $13.4mn (4.75p a share) and other holdings, Allied Minds' sum-of-the-parts valuation of 36p a share is 3.6 times the current share price. Even as an unlisted entity, the investment risk is skewed firmly to the upside.

[davesailing] 02/9/2022 14:30

Investors Chronicle (Friday 2 September 2022) latest view from Simon Thompson is not to sell ALM at these depressed - Federated Wireless is worth 25.6p a share on its own 2.5 times ALM current capitalisation. With other assets the sum of ALM is 3.6 times the current share price....