Allied Minds Share Discussion Threads

[red ninja] 10/3/2020 14:42

No comments on the directorate change ?
Hopefully it will move the improve the boards attitude.

Allied Minds plc (LSE: ALM), the IP commercialisation company focused on early stage company development within the technology sector, has appointed Harry Rein, currently Senior Independent Director, as Chairman. He succeeds Jeff Rohr, who has stepped down. Additionally, Bruce Failing has been appointed as Non-Executive Director. Both appointments are with immediate effect.

Bruce has over 30 years of management and investment experience in the areas of media and consumer products, applied technology and logistics management. He founded and currently is the General Partner of Alerion Partners. Previously, he was CEO of Productivity Solutions, Electronic Retailing Systems and Actmedia, and Executive Chairman of ScentAir Technologies and Lamaze Publishing & the Newborn Channel. Bruce attended Tufts University (1971) and holds an MBA from Harvard Business School (1973).

Bruce will assume the Senior Independent Director role, Chair the Remuneration Committee and be on the Nomination and Audit Committees.

Mark Lerdal will Chair the Audit Committee. Harry will Chair the Nomination Committee.

Harry Rein, Non-Executive Chairman, commented:

"On behalf of the Board, I extend our deepest thanks and appreciation to Jeff for his many dedicated years of service on the Board and the leadership and support he has provided over the past six years.

"I welcome Bruce to the Board. His operational and management experience and expertise is invaluable and positions him perfectly to help us.

"I look forward to becoming Chairman and continuing to work closely with my fellow directors as we execute on our strategy of delivering shareholder value by focusing on our existing portfolio."

There are no further details in relation to Mr. Failing's appointment which require disclosure pursuant to Listing Rule 9.6.13.

[spectoacc] 10/3/2020 12:58

If it's not going to spread across America, I'd be interested to know why not. Africa is the one for me - it'll be incubated there no matter what China, Italy, UK shut-downs occur.

But - in 12-18 months we'll have a "partially effective" vaccine. Let's hope that's sooner.

[red ninja] 10/3/2020 11:10

In America the stats for Covid-19 seem low.
However, when you understand that you have to pay for your own test at not an inconsiderable cost it's easy to understand why the US figures are low. Thus it would seem that there is a real chance that a considerable outbreak will be building in the US.

[spectoacc] 10/3/2020 09:54

I fear I may be married to it - haven't been this convinced on further falls since 2001! Honestly, market bouncing on possible Trump tax cuts, what are people on?

I'd feel a lot better if Italy got contained, in the same way eg Singapore and (possibly) China/Korea have. Not without massive disruption, but as an investor you can at least look past it.

I struggle to look past eg the rest of Europe, and UK, experiencing the same lockdowns. And Africa, where it may be so much harder to contain.

Also struggling with this Italian death rate - c.30k tested, 9,172 infected, 462 deaths (so far - more of those 9k to die unfortunately), health service utterly overwhelmed (and more slack in it than ours). Either Italy have a lot more cases than they've found, in which case it's spreading much wider, or the death rate is crazy high (which itself may help end the outbreak of course - SARS was c.9%).

Is any of that priced in, anywhere? Doesn't seem to be, to me. But next few weeks should make things clearer.

[hpcg] 10/3/2020 09:34

SpectoAcc - I agree with your view, though I am not married to it. In these circumstance genuine value investing works (not the dividend based nonsense). As I tend to have a large short book I can comfortably ignore volatility in holdings such as ALM, and add if they really drop to low levels, which hasn't been the case here.

[spectoacc] 10/3/2020 09:30

After Covid-19! Gosh, if it gets into and across America, what's to stop it? Needs either a swift resolution or no US spread. Isn't even universal healthcare, I'd be pretty scared looking at Italy.

However, when all blown over/a working vaccine, markets can get going again in style, and should be a wall of money for floats etc. So I'm going "a year to 18 months", assuming no trade sale first. Perfectly happy to sit on cashed-up ALM in the meantime.

(For the avoidance of doubt - I think the markets are going considerably lower, with a lot of indebted co's going to the wall).

[flyfisher] 10/3/2020 09:23

We have had a few press releases with positive news for federated wireless, which seems to be ahead of schedule and increasing its customer base.

Any thoughts on when and how ALM will be able to monetise its holding.

[spectoacc] 09/3/2020 07:46

Ta. Not sure it's the day for good news ;)

[kooba] 09/3/2020 07:43

https://enterpriseiotinsights.com/20200303/channels/news/federated-wireless-on-cbrs-40-networks-in-the-bag-100-in-the-pipe

[bg23] 19/2/2020 16:08

seems like a pretty strong initiative, and , more importantly, ahead of the competition

Edison quick to comment today:

hxxps://www.edisongroup.com/publication/federated-moving-towards-commercialisation/26180

[catscats] 18/2/2020 14:13

federated linking with microsoft and Amazon has to be decent news - no info on the economics of it all but early days. Stock looking perky and Crystal Amber topping up

[spectoacc] 17/2/2020 13:56

Still waiting on the divi at Selftrade (/equiniti/Sqauregain/Comdirect/Equi/whatever).

[nw99] 17/2/2020 08:54

Keep buying oversold

[nw99] 14/2/2020 16:11

Dry possible would imagine more upside next week

[dodger777] 14/2/2020 15:46

I wonder if crystal amber reinvested their dividend..hence the big buys

[nw99] 14/2/2020 15:41

Added some more here

[itsnotmeitsy0u] 14/2/2020 15:09

yes hmm some huge buys in earlier...

[nw99] 14/2/2020 14:01

Buys coming in

[itsnotmeitsy0u] 14/2/2020 13:39

finally got my 12k odd div.will buy back here soon...

[bobonumber1] 14/2/2020 11:15

Seemslikenotyou