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Share Name Share Symbol Market Type Share ISIN Share Description
Allied Minds Plc LSE:ALM London Ordinary Share GB00BLRLH124 ORD 1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.80 3.72% 22.30 22.00 22.50 22.30 22.30 22.30 52,519 09:33:16
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
General Financial 0.5 -55.5 -22.0 - 54

Allied Minds Share Discussion Threads

Showing 6726 to 6750 of 7325 messages
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DateSubjectAuthorDiscuss
16/1/2020
15:42
@flyfisher - I assume CRS have done that, but they don't say, and nor do they explain how their NAV estimate has shifted from "95p-105p" to nearer (by my calc) 84p. In fact, I recall a higher figure between those two statements too, tho can't now find it. Some may be phantom-plan related, some may be costs-related. Either way, they're in for 17%, and I'd be happy with a final figure in the 80's. As you say, what they're actually realised at is another matter - I'd hope higher than current value. PS Seller still very much in evidence today.
spectoacc
16/1/2020
15:25
Owenga It is down to accounting treatment, two of the assets are majority owned and are consolidated in the accounts and not marked to last fundraising values. CRS seem to have used the fully diluted % holdings at last fundraising value, plus cash at the parent to get to a value of around 87p at the last interims, with some opex since then. Of course what they can actually sell them for is a different matter. Will they all be duds, or will we have a couple of good winners?
flyfisher
16/1/2020
14:21
@owenga - I crib mine from CRS's releases. Worth going back through their statements since they first started building a stake in ALM. Eg from September (but note they now seem to reckon it's c.84p, if my maths is correct): "Allied Minds plc Allied Minds describes itself as an early-stage investor in technology and life science companies. In 2014, it listed on the London Stock Exchange at 190p per share, valuing the company at GBP398m. In December 2016, it raised GBP64m at 367p per share. Since its formation, Allied Minds has invested in over 40 companies. In 2017, it discontinued funding of several portfolio companies in order to focus primarily on its six largest remaining portfolio companies. From 2014 to 2018, Allied Minds reported total operating losses of US$464 million. The net asset value of Allied Minds now comprises four significant technology and space-related investments, two life-sciences investments that have been substantially written-down, four small new investments made since 2017, and a cash balance of around US$25-30 million after two recently announced follow-on investments. Based on the disclosure regarding individual investee company holding values, we estimate that Allied Minds' net asset value currently stands at between 95p and 105p per share. " Edit - Re-reading that is a reminder of just how much wealth ALM have squandered. 190p listing, £64m raised at 367p, now grateful to get a 12p payout! But also (hopefully) how much will be coming back our way before too long - I really can't see us ultimately getting back less than current s/p.
spectoacc
16/1/2020
12:42
Where are people getting their NAV estimates from. NAV from half year interims were usd110m. They got extra usd10m for Hawkeye above carrying value. So say usd120m. That's about gbp90m with about 250m shares in issue equates to about 40p per share. What am I missing here?
owenga
16/1/2020
09:28
Inclined to agree but suspect Invesco still a weighty seller, can't recall how many they have to go?
spectoacc
16/1/2020
09:20
Fantastic buying opportunity. News can't have sunk in yet to the market. The share price should rise to 60+p prior to ex divi date.
academy1
16/1/2020
08:34
Missed this, from...yesterday in fact: "Allied Minds' shares trade at around a 40% discount to the Fund's estimate of its NAV per share. Its current market capitalisation, excluding estimated parent-level cash, is around $67 million, which is less than the value of the stake in Federated Wireless alone (as implied by that company's fundraising round in September 2019). Allied Minds also owns two other sizeable holdings in Spin Memory and BridgeComm, both of which have raised capital from third parties including strategic investors, as well as three smaller investments. " From CRS, who've got c.17% of ALM. That discount is lower than I'd have thought, implying c.84p NAV by their ests. But I like the point that just Federated Wireless justifies the entire current mkt cap.
spectoacc
16/1/2020
08:25
Tear even...
hiraniha
16/1/2020
08:25
This morning's RNS brought a year to my eye.
hiraniha
16/1/2020
08:13
Any stab at NAV would be out of date, but guessing over a quid. I'd hope for up to 10 distributions like this over the next say 2 years. Luckily have most of mine SIPP'd and ISA'd.
spectoacc
16/1/2020
07:43
probably the least efficient way to return capital. Be interesting to see the discount this tiny company trades at after the dividend.
buffettjnr
16/1/2020
07:23
good call!
buffettjnr
16/1/2020
07:15
your wish is granted
buffettjnr
16/1/2020
07:02
Get in - this is about as tight as they could do it, look at that payment date vs my post above about the qtr :)) "The Board is pleased to declare a special dividend of 12.62 pence per ordinary share (the "Special Dividend") totalling GBP30.49 million. The Special Dividend will be paid on 14 February 2020 to holders of ordinary shares recorded on the register as at the close of business on 24 January 2020. The ordinary shares will go ex-dividend on 23 January 2020. The Special Dividend will be paid in cash. "
spectoacc
15/1/2020
16:43
16 January will be a fun day.
buffettjnr
15/1/2020
16:12
Lol. Not sure that'd be too popular. If they went down the tender route (& it may just be a straightforward 12p back), I reckon it'd be at a discount to latest NAV to make it worth some (CRS?) not taking it up, but high enough for most of us to go for it. The way they've worded it so far, 12p/share back feels most likely. But just get on with it!!
spectoacc
15/1/2020
16:06
Tender at 42p?
flyfisher
15/1/2020
15:59
Tender has the advantage of getting a possible over-allotment, and the price would need to be high - a stab at NAV might be over a quid.
spectoacc
15/1/2020
15:55
Love me tender
buffettjnr
15/1/2020
15:43
I was convinced it'd be a cash return, via a capital rtn rather than taxable divi. But now wondering if they might do one of those tender offers for eg "15% of holding at (whatever, say 85p)". Also been mooted above that they buy Invesco out, but can't see that, and a tender would be a halfway house. But the fact remains - why the bloody hell hasn't it all happened already!
spectoacc
15/1/2020
15:28
Absolutely no way. It has to be a special dividend. Give the shareholders some bloody money back for the long suffering we have endured
alasdair100new
15/1/2020
15:21
Capital return must be via a buyback of sorts. Only way to return capital that makes any sense
buffettjnr
13/1/2020
09:53
The 49.5p's are buys. Expected the drift-off after the thin Xmas market but feels even thinner atm. Needs the long-overdue return date.. From over a month ago, 11th Dec: "..Upon completion of final required filings, the Company will be in a position to announce specific dates and the method of returning capital to its shareholders, we estimate that the return of capital to shareholders will be complete by early Q1 2020. " Sorry, but if it's going to be "complete" by "early Q1", they had better bloody get on and announce format/ex-dates. It's early Q1 now.
spectoacc
07/1/2020
14:21
My largest holding, expecting a big year for it.
spectoacc
07/1/2020
14:17
This dog is heading to new lows. Never fails to disappoint. Shame.
swinsco
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