Allied Minds Share Discussion Threads

[kooba] 02/12/2023 10:06

There is Crystal Amber who have been on the case for years but can only do so much. They previously offered to wind the business up and as they had significant skin in the game might have been more aligned to getting shareholder returns than feathering their nest ! It was not to be as there has been a supportive fraction that has enabled the farce to continue to where were are today.Shame ..and an example of the dangers of unchecked poor management and governance and unaligned investment managers gambling with shareholder funds.Poor model and a dreadful execution.

[zimmie] 02/12/2023 09:06

It sounds an awful mess. Are there no large institutional investors who can put a brake on those running it profligacy?

[kooba] 02/12/2023 08:25

Seems much now depends on Ocutera a company the management wrote off and did not back , whilst they were putting more money into other failures.If Ocutera treatment in trials works they might get a deal or funding at multiples of current book value...if not they are out of cash so it's a high risk long shot.Everything else is progressing more slowly than planned and running out of money , though there are precious few investments left. It's a case of serial mismanagement that has lost hundreds of millions and has managed to get virtually no investment successes ...literally the only company they ever made money on was Hawkeye ..and then a lump of cash went to the management.Federated our largest book investment continues to miss any revenue forecast and is now years behind previous forecasts whilst burning any funding raised. ALM has little say in its running as it is now effectively controlled by Cerberus following the last raise.An unrivalled catalogue of failure and still those running it drain down the last of the cash.

[catabrit] 02/12/2023 01:05

Yep. I am expecting my cash to be tied up here for quite some time. It is frustrating and I think I got the risk reward wrong. I would be disappointed to lose money off a 10p basis though.

[cousinit] 01/12/2023 18:17

Apparently it should be available on InvestorMeet for shareholders.

I wouldn't put a deposit down on a Vantage just yet...

Tough economic environment (businesses not wanting to incur capex, extended sales cycles) and funding very challenging.

Seemed like a few more snakes than ladders in terms of specific portfolio company progress.

[zimmie] 01/12/2023 09:12

Did anyone listen in on the call? Any news?

[jj3483598] 22/11/2023 14:43

Any insights from the call?

[damers] 16/11/2023 19:51

Greetings all. Worth a read....

hxxp://www.satmagazine.com/story.php?number=1288708509

[wbodger] 16/11/2023 07:33

Looks like meeting is 8 - 10 AM Boston time. (BST threw me.)

Maybe Sam Dobbyn's radio silence is good news.

[seadog40] 14/11/2023 16:25

Thanks bobo.

[bobonumber1] 14/11/2023 16:08

I'll believe for general sh's it will be on the 21st with Info to follow

[seadog40] 14/11/2023 15:29

Understood. But how do we keep up to date with news from the company?

[bobonumber1] 14/11/2023 15:03

I presume to get some consensus and input on key decisions. If they get a majority backing then it's much easier to push through. Some info, ie a sale of an asset would also be sensitive and they would not want a potential buyer being privy to that discussion.

[bobonumber1] 14/11/2023 05:55

It's only for large holders

[kooba] 13/11/2023 11:26

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.

[kooba] 03/11/2023 17:17

Good for you ..my knees arent up to that kind of thing anymore but love being in the mountains when we take them skiing.Have a good expedition..and watch out for the yeti's!

[catabrit] 03/11/2023 17:12

Yeah I am looking forward to it. My fourth expedition to Nepal in just over a decade. I have done a number of the big treks there; Kanchenjunga, Manaslu & the Tsum Valley, Annapurna Base Camp. But this will be my first time to the Khumbu / Everest region.

I grew up in a council estate and didn’t see my first mountains until I was 18! I took the Via rail from Toronto to Jasper and when I saw the Rockies, it was love at first sight.

So I can’t get enough of them basically. From Nepal to Peru to Patagonia and to the Alps, I just love it. And every time I visit I discover a new region or trek I want to do.

Anyway, I digress! Back to business.

[kooba] 03/11/2023 16:53

I am 100% certain that will be far more rewarding ! What a great experience..enjoy.

[catabrit] 03/11/2023 15:07

Keep me posted. I will be doing the three passes trek in the Himalayas!

[kooba] 03/11/2023 14:33

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)

[kooba] 25/10/2023 10:54

Yep just seems we get more folks with their noses in the trough ..whilst the investments go from bad to worse and no realisations are made.The unmitigated disaster that is ALM continues..i can see funding issues on all fronts where ALMs cannot hold their corner and will get stuffed thats if the portfolio company manages to raise anything and doesn't fail.The serial revenue misses and the overall funding environment not helping but this company was meant to be wound up years ago when we were in a much better private equity environment where shareholders could have probably received 50p in the £ for the assets ( which included cash which has now been burnt through for no advantage to anyone but the management) when the assets were many multiples of suspension price.Unfortunately i think we will end up getting less than that suspension price now.

[wbodger] 25/10/2023 08:42

From Crystal Amber results:
Since delisting, the Fund's [Crystal Amber] engagement with the two directors of Allied Minds, Sam Dobbyn and Bruce Failing has been frustrating and unproductive. The Fund has written to both Allied Minds and two of its largest shareholders expressing concerns regarding the lack of governance and oversight. Astonishingly, much of the board's focus at Allied Minds has been on securing increased remuneration for its directors. The Fund has seen no evidence of realising or monetising investments.



Without such evidence in the very near term, the Fund will take appropriate action to protect its interests. Whilst this holding currently accounts for less than 5% of net asset value, the Fund will take action to ensure that the interests of those charged with the responsibility of delivering value from Allied Minds for its owners are aligned with the interests of its owners. The Fund is surprised and disappointed that to date, other institutional shareholders have been prepared to condone this conduct, but the Fund will continue to engage with them.

[wbodger] 26/9/2023 19:08

Hoping Crystal Amber have some news this week, perhaps an update on ALM. Last year their results were on September 30.