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ALM Allied Minds Plc

0.00 (0.00%)
Last Updated: 01:00:00
Delayed by 15 minutes
Allied Minds Investors - ALM

Allied Minds Investors - ALM

Share Name Share Symbol Market Stock Type
Allied Minds Plc ALM London Ordinary Share
  Price Change Price Change % Share Price Last Trade
0.00 0.00% 13.85 01:00:00
Open Price Low Price High Price Close Price Previous Close
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Top Posts
Posted at 21/3/2024 12:37 by catabrit
It was always a speculative option and is likely more than offset by the rise in value of OSK. I suppose we will soon find out. Does anyone know when the next investor update call is?
Posted at 14/12/2023 20:27 by wbodger
You should phone Sam Dobbyn if you can find a number. (Missing the Investor Call doesn't matter, it wasn't public anyway, it was by invitation.) Maybe phoning any large shareholder of (formerly) ALM might be productive since you have a large interest.

No need for CA to be secretive as it isn't listed now. Maybe they have Sam Dobbyn's number.

I don't have many. For me CA is more important.
Posted at 02/12/2023 09:06 by zimmie
It sounds an awful mess. Are there no large institutional investors who can put a brake on those running it profligacy?
Posted at 13/11/2023 11:26 by kooba
The Company's next Investor Call will be held on Tuesday 21 November at 13:00 - 15:00 BST. This will be a Microsoft Teams virtual event for which the link will be provided shortly. This investor call will be a deep dive into the portfolio companies and there will be a Q&A session through the call via the Q&A chat box.
Posted at 03/11/2023 14:33 by kooba
I am told there is an investor presentation in London on 15th NOV.I am registered but have not received an invite.I also notice there is now no website ( that i can see)
Posted at 11/4/2023 18:01 by kooba
NbThe company will present year end results on 12 April at 1pm (London time) via Zoom conference. The call will include an update on the subsidiary companies and the ongoing cost review. If you have not already done so, please respond to this email to register for the call no later than April 1st. Please include a screenshot or similar of your confirmation of holdings in Allied Minds. Once you are confirmed, the zoom link will be sent to you. Sincerely, Investor Relations at Allied Minds
Posted at 01/2/2023 15:29 by kooba
They have got some new investors so that might be encouraging...including the CIA which is nice!
Posted at 01/2/2023 15:22 by kooba
Good spot..This i believe was the last position here.So knowing the pre or post money valuation would be a help.I'm sure ALM will let us know at some point.Since its not mentioning an up round i would presume its flat or more likely down which would be another disappointment on progressing a valuation and dilution. Will have to wait and see i guess.Date of Last Funding Round: April 2021 -- Post-Money Valuation: $46 million -- Co-Investors: Temasek, Energy Innovation Capital and 11.2 Capital -- Allied Minds' Issued and Outstanding Ownership in respect of preference shares: 26.29% -- Allied Minds' Fully-Diluted Ownership: 23.84%
Posted at 01/10/2022 06:48 by kooba
Crystal Amber report yesterday. Doesn't appear they have signed up yet for delisting. If they do not support then i cant see how it can go through. They are seeking further clarifications and actions including creating liquidity for smaller holders.Would be very good imo if they had someone on board as they have skin in the game.Allied Minds plc ("Allied Minds")The Company has been an investor in Allied Minds since November 2018, and currently owns more than 18% of its issued share capital. Engagement to date has secured a 70% reduction in the annual cost base.Allied Minds' portfolio contains three significant holdings: Federated Wireless, BridgeComm and Orbital Sidekick.In March 2020, Harry Rein was appointed Chairman of the Allied Minds board, having joined the board in November 2017. In January 2021, following a strategic review, Allied Minds introduced what it described as "a new form of governance better suited to achieve value creation." The board had no Chief Executive and Allied Minds was managed by its three non-executive directors. The Company considers, in practical terms, that Harry Rein was the key decision maker.During the year, the Company expressed several governance concerns to Allied Minds, none of which was adequately resolved. In February 2022, Crystal Amber announced that it had sent a requisition notice to the board of Allied Minds requiring Allied Minds to convene a general meeting at which a resolution would be proposed to remove Harry Rein as a non-executive director. The Company considered Harry Rein to be a major impediment to value protection and realisation. Prior to the requisition meeting and following discussions with shareholders, Harry Rein agreed to step down from the board and as a result, the Company withdrew its requisition notice.In March 2022, Allied Minds announced that it was undertaking a formal strategic review, aimed at creating and / or realising shareholder value. It also launched a formal sales process and the commencement of an offer period. Disappointingly, earlier this month, the board of Allied Minds has stated that whilst the process is ongoing, to date, no notable interest has been forthcoming.Last month, Allied Minds announced that it considers that the costs of maintaining a premium listing on the Official List and the Main Market of the London Stock Exchange are now prohibitively high relative to Allied Minds' current size and maintaining a public listing is no longer in its best interests. It stated that it therefore intends to formally consult with shareholders regarding a possible delisting of the company. In response to the potential delisting, shares in Allied Minds fell by 40% to 10 pence.The Company estimates that net asset value per share at Allied Minds is approximately 36 pence, placing the shares on a 70% discount to net asset value. If a delisting is to proceed, the Company believes that Allied Minds first must communicate to market participants a timeline of cash realisations and return of sale proceeds. Furthermore, it should explain how its three non-executive directors are going to be more than spectators at portfolio companies and fight for the interests of Allied Minds. The Company also believes that were a delisting to proceed, Allied Minds should offer private investors with shareholdings of up to 100,000 shares, the opportunity to tender their shares to the company for purchase. Allied Minds could purchase up to 5 per cent of its issued share capital, around 12 million shares. Doing so would be accretive to net asset value whilst providing private investors with a liquidity facility.
Posted at 30/8/2022 16:49 by steedman607
Isn't the issue with federated and others that Allied Minds is no longer the majority. So whilst ALM maybe keen to sell, float or trade sale Federated and others - the likes of Cerabus and the other investors have very different strategies, ideas and time horizons for repayment of capital and return. I suppose it is still possible for ALM to sell it stake to those other investors but clearly they would look for a deep discount to take advantage of the situation. Even where ALM is the majority, i suspect if you opened the shareholders agreement those other investors have a say or blocking rights to protect their capital

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