Allied Minds Share Discussion Threads

[blueball] 15/10/2019 16:02

Interesting...very interesting.

[vivgav] 15/10/2019 15:55

Woodford Holdings RNS

[jonwig] 01/10/2019 14:39

Two pieces of good news recently have failed to lift its skirts! Maybe Woody overhang, of course.

[volsung] 01/10/2019 13:46

Well I'm out for the 3rd time. Each time at a loss. Woodford effect no doubt

[red ninja] 29/9/2019 15:48

Copied from AqualSulis01 post on LSE chat.



re the fortunes of early-stage technology investor Allied Minds (ALM) starting to turn? The group, whose shares are down 88 per cent since the start of 2017, provided its latest cause for optimism on Tuesday 24 September, after unveiling plans to sell its entire stake in satellite technology firm HawkEye 360 for $65.6m (£52.8m) in cash.

ALM:LSE
Allied Minds PLC

1mth
Today change
-10.03%Price (GBP)
52.00
The disposal, to privately owned media firm Advance, is a major liquidation event for the group. Since founding HawkEye in 2015, Allied Minds has seen the radio frequency data analytics specialist grow into its largest single holding, recently helping it secure backing from aircraft manufacturing giant Airbus and Californian data company Esri.

Those investments arrived in a $70m Series B financing round in August, to which Allied Minds contributed a further $5m and which valued HawkEye at $200m. As such, this week’s sale was made at a 15 per cent discount, which might explain the muted investor reaction to the promise of a $32.8m return, equivalent to 11p a share.

However, there can be few grumbles about the exit, which represents a 5.6 times return on invested capital, or an internal rate of return of 96 per cent over four years. Other realisations have been scant. During the past three years, divestments have been limited to the sale of the trade and assets of IT security firm Percipient Networks for $4m in 2018.

News of the capital return should bring some relief to fund manager Neil Woodford, whose funds – including the currently shuttered Woodford Equity Income – own a 21.6 per cent stake in Allied Minds. Invesco, where Mr Woodford was a fund manager before striking out on his own in 2014, owns 23 per cent of the group.

Half-year results for the group had not yet been released when this article went to press.

IC View
Earlier this month, the value of Allied’s stake in mobile communications group Federated Wireless jumped to $72m – equal to 24p a share – following a $51m fundraising and recent commercial progress. According to analysts at Jefferies, stakes in Spin Memory and BridgeSat are worth 19p and 8p a share, respectively, while the HawkEye deal should still leave 21p of cash on the table. At 57p, Allied Minds' shares would therefore appear to trade at a discount to the sum of their parts, and sharply down on the two-year average price-to-book value multiple of 3.7. While issues within the broader investment portfolio are unlikely to herald a return to those valuation levels, investors may now ask whether the current market price fully captures the potential proceeds from a wind-up of the group’s remaining assets. Speculative buy.

Last IC View: Hold, 63p, 26 Apr 2019

[dodger777] 25/9/2019 09:30

disappointing reaction to latest rns. I assume today’s drop is reaction to the bonus payments.
Their communication is certainly appalling ...I really hope Crystal amber are on the case, they have my support for sure.

[alasdair100new] 25/9/2019 08:50

I actually raised this point at the agm- that the pr has been woeful and we need a need direction

[jonwig] 25/9/2019 06:30

Edison research note:



Reason for poor share price reaction: discount to latest funding round. [NB sponsored research.]

[nigwit] 24/9/2019 15:26

If that's true then the answer is to vote it down but the major holders will have the greatest say and may choose pragmatism over principle.

I'll wait and see what CA decide to do.

Clearly the market is unimpressed although I suspect full value won't be realised until Woodford's situation is closer to resolution, hopefully this year.

(I'm holding long.)

[jonwig] 24/9/2019 14:39

NigWit - yes, director bonus ... who'd have thought!

[nigwit] 24/9/2019 13:39

Richard Bernstein

[nigwit] 24/9/2019 13:16

Maybe today's news is just the first in relation to Hawkeye's sale and it will provoke more and better offers.

[mad foetus] 24/9/2019 10:40

Nothing makes much sense with ALM!

[jonwig] 24/9/2019 07:27

Return of cash is around 11p/sh, could be special div or share buyback.

I think Hawkeye was valued at $43m on the books at Dec 2018. (Not easy to winkle out.)

[donald pond] 24/9/2019 07:27

I think it's good, but the company seem to have given up on PR! Let's see what the share price does

[jonwig] 24/9/2019 07:21

Sale of stake in Hawkeye:



Includes return of cash to shareholders. I'm still too new to this to know how good it is, but I bet the whole of Allied is in run-off now.

[blueball] 18/9/2019 08:51

Stay long.

[ragnarr] 17/9/2019 09:52

New iPhones support CBRS Band 48by Monica Alleven | Sep 11, 2019 9:37amApple iPhone 11The iPhone 11 Pro and iPhone 11 Pro Max will be available for pre-order beginning Friday, September 13, and in stores beginning Friday, September 20. Besides preparing to celebrate the initial commercial deployment (ICD) of Citizens Broadband Radio Services (CBRS), the CBRS community has another reason to pop the cork on the champagne: Apple's new iPhone models support Band 48.Other devices, like the Samsung Galaxy S10 and Note 10 and Google Pixel 3, support LTE Band 48, which is equivalent to supporting CBRS. But until Tuesday, it wasn't clear when Apple was going to support the band.Walter Piecyk, co-founder and partner of LightShed Partners-which happened to launch on the same day as Apple's big news-noted the CBRS support in a tweet on Tuesday. LightShed is a new technology, media and telecommunications (TMT) independent research firm headed by telecom/wireless veterans and catering to institutional investors. "This is big news for Verizon which is running out of spectrum in population dense markets, and for cable companies looking to limit the amount of MVNO fees they pay as their subscriber bases grow," he told FierceWireless in response to an email query. "It also opens up new business models for neutral host and third party service providers targeted at entirely new enterprise and consumer markets."The Wireless industry is an ever-changing world where big ideas come along daily. Our subscribers rely on FierceWireless as their must-read source for the latest news, analysis and data on this increasingly competitive marketplace. Sign up today to get wireless news and updates delivered to your inbox and read on the go.Verizon is a big customer for Federated Wireless, which just this week announced it will begin ICD of its services to more than 20 customers in urban and rural markets as soon as the Federal Communicatons Commission gives its public notice of approval. Cable company Charter is another Federated customer."Support for CBRS Band 48 in the Apple iPhone 11 rounds out the suite of available shared spectrum handsets and modules," Federated Wireless CEO Iyad Tarazi said in a statement provided to FierceWireless. "This sets the stage for operators and enterprise alike to take advantage of 150 MHz of new spectrum for 4G and 5G services."The CBRS Alliance is holding an invite-only event next Wednesday in Washington, D.C., celebrating the launch of commercial activity in the 3.5 GHz CBRS band. FCC Commissioner Michael O'Rielly will be on hand during the event where attendees will hear about use cases of the OnGo-branded services, including network densification, IoT, neutral host networks, private LTE networks and-coming to CBRS next year-5G.The ICD period for CBRS has been a long time coming. Next week's event represents years of collaboration between the FCC, Congress, U.S. Department of Defense (DoD), U.S. Department of Commerce, WInnForum and more than 135 members of the CBRS Alliance. The CBRS band is unique in that it encompasses a three-tiered sharing system. Long dubbed the "Innovation Band," the 3.5 GHz band in the U.S. is divided among protected incumbents-which include federal users like the U.S. Navy-as well as operators that will use auctioned Priority Access Licenses (PALs) and the unlicensed General Authorized Access (GAA). The GAA is available to carriers as well as public venues, property managers and others who want to improve their wireless networks and service capabilities.

[jonwig] 17/9/2019 09:13

A newbie (like me) might ask "How exactly does FW fit into the CBRS Alliance?" This might help answer the question; it's dated May 2019:



#1748, #1749 - good information, thanks!

[ragnarr] 17/9/2019 08:47

Federated Wireless poised to hit 'go' for 20-plus customersby Monica Alleven | Sep 10, 2019wave CBRSFederated Wireless has been riding the CBRS wave, and expects to start serving commercial customers as soon as the FCC issues a public notice of approval. (Fierce Wireless)As soon as the Federal Communications Commission issues its public notice of approval, Federated Wireless will immediately initiate services in the Citizens Broadband Radio Services (CBRS) band for more than 20 customers in both urban and rural markets across 36 states.In combination with the Series C funding announced on September 4, Federated said this puts it "squarely at the forefront" of shared spectrum market development. The CBRS market is one that has been waiting years for kick-off, and numerous players, including Google and its partner CommScope, are jockeying for position."Customers from all areas of business across the nation will begin to reap the benefits of the higher throughput, improved availability and low barrier-to-entry for high-performance CBRS services made available through shared spectrum in the 3.5 GHz range," said Iyad Tarazi, CEO of Federated Wireless, in a press release. "We applaud the FCC for its leadership in opening this spectrum for general shared use and its stewardship in bringing the industry and all of its various players to this critical juncture. CBRS will be a huge boon to innovation and help to accelerate new business models."

[jonwig] 17/9/2019 07:51

mad - I thought "notes that" was a fairly standard format to report these things. Maybe I'm wrong.

But FW's business model is surely based on this approval happening: sometime, if not now. And Amazon and Alphabet are keen to be big players here.

[swinsco] 17/9/2019 07:45

Great news for Allied today!

[mad foetus] 17/9/2019 07:18

'Notes that'. It's as if they don't have a clue what's going on and don't want to tell the market.

[jonwig] 17/9/2019 07:08

Allied Minds plc, the IP commercialisation company focused on early stage technology businesses, notes that Federal Communications Commission (FCC - the US radio, television, wire, satellite, and cable regulator) has approved an initial commercial deployment (ICD) of Citizen Band Radio Service (CBRS).

Allied Minds' portfolio company Federated Wireless is a pioneer in CBRS and this development will have a significant impact on the development of the business.



... but wasn't this expected anyway?