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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
  -0.825 -6.99% 10.975 10.65 11.30 11.00 11.00 11.00 426,131 16:35:18
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
General Financial 1.5 -16.2 -6.0 - 27

Allied Minds Share Discussion Threads

Showing 7201 to 7222 of 8175 messages
Chat Pages: Latest  291  290  289  288  287  286  285  284  283  282  281  280  Older
DateSubjectAuthorDiscuss
05/3/2021
09:15
Still time to SPAC or float Federated in a bubble market, but it's getting tight.
spectoacc
03/3/2021
14:26
https://www.satellitetoday.com/imagery-and-sensing/2021/02/08/orbital-sidekick-finalizes-constellation-plans/
bobonumber1
25/2/2021
06:56
Can't say the chart looks healthy - surely not a retest of the 20p low? Thought the market had popped the day before yesterday, but the bubble is still going - still time to SPAC Federated, would make all the difference & more.
spectoacc
24/2/2021
19:33
yes I noted the same. Heavy buying today following on the Bridge com news. Interesting that the share price was held in a narrow range. I'm holding for 40-50p personally
walterwhite1
24/2/2021
16:54
Volume picking up with a few sizeable trades today
tole
19/2/2021
21:08
hxxps://www.valuewalk.com/2015/09/allied-minds-plc-kerrisdale/?amp=1 Well... kerrisdale predicted the Spin memory Outcome in 2015 already! Hopefully they are Not right at Fedwireless.
snappler
09/2/2021
09:46
Something has to happen soonish - need to make Pignato's ousting count.
spectoacc
09/2/2021
09:42
That’s a bit harsh. But the reason that ALM hasn’t delivered anything despite being such an obvious candidate makes me concerned
buffettjnr
09/2/2021
09:29
Def - market is nuts, now's the time to do it. If not now, then when?
spectoacc
09/2/2021
09:22
Good idea. Or spac the lot.
bobonumber1
09/2/2021
08:04
If Spin is really worth next to nothing at next funding round, why on earth not reverse it into a SPAC, raise money that way? No drain on ALM's cash, no worse dilution (probably a lot better), & a listed entity going forward to sell out of. Current tech boom market would lap it up. And if it didn't - what's been lost?
spectoacc
04/2/2021
11:40
Spin makes no sense. Reading the report from 29/10/2020. Certainly does not look dead. The appointment of Thomas Boone on the 14th of December 2020 as Vice President of defence and aerospace. Only then to lose the government contract 2 weeks later. Why make that appointment ?The following bullish articles in December :https://blog.executivebiz.com/2020/12/thomas-boone-elevated-to-defense-aerospace-vp-role-at-spin-memory/https://www.eetimes.com/spin-partners-with-arm-applied-in-mram-manufacturing/https://www.eejournal.com/article/spacing-out-with-spin-memory/Where these pod for promos
bobonumber1
04/2/2021
11:33
https://ny-creates.org/wp-content/uploads/STT-MRAM-Technology-and-Applications-Pinarbasi.pdf
bobonumber1
02/2/2021
10:38
No not huge director buys but better than nothing. Makes me feel good as i bought at 28p last week. B/e us now 36p so I’m happy. GLA!!
walterwhite1
02/2/2021
09:34
A couple of director buys - which is nice - but neither massive, 38k & 24k (shares not £).
spectoacc
28/1/2021
12:38
Personally I am selling stocks today. I am worried about a US crash as stated by Jeremy Grantham (see link below) and it repercussions :- hxxps://www.gmo.com/europe/research-library/waiting-for-the-last-dance/
red ninja
28/1/2021
08:37
Bought a few here FWIW. The discount just looks way too deep with various exciting prospects - and a brief to realise assets and give us the cash back.
value hound
26/1/2021
09:05
On Spin yes has been very disappointing but with Edison perhaps indicating little value if as CA sees 5p per share can be rescued through refinancing or monetisation then better than nothing ! Nice idea with Federated but the company needs to demonstrate traction with new customers and revenue build , Covid has obviously not helped but many tech related companies are making hay in this period. It is essential that new Chair at federated gets some new urgency in the business as this will be the big determinant on future value whether by reverse or next funding round.
kooba
26/1/2021
08:50
Thanks @kooba, missed that. Hard to say how much influence CRS have - did like this bit: On 15 January 2021, Allied Minds announced that its Chief Executive had "decided to step down from the board with immediate effect." Speech marks CRS's. If they get a SPAC reversing done for Federated, could really take off. Spin is a sorry read tho.
spectoacc
26/1/2021
08:39
From yesterday commentary from largest shareholder Crystal Amber who I am sure were somewhat involved with recent board restructuring and hopefully moving the board to secure early value through monetisation of remaining holdings. Interesting stating the idea of a reverse into a SPAC, with way things are going in the listed US tech small cos could achieve a big valuation lift.Seeing decent upside on current levels on known info alone.Allied Minds plc ("Allied Minds")Following its initial investment in the fourth quarter of 2018, the Fund focused on securing a major reduction in the excessive parent company costs of Allied Minds: ongoing HQ expenses were running at an estimated US$17-20 million at the time. These have now been reduced to approximately $5.75 million per annum. In response to concerted pressure exerted by the Fund, Allied Minds ended its extraordinary practice of paying management 10% of gains arising from any successful individual investment, without taking account of the losses incurred on other investments in the portfolio (the "Phantom Plan").In October 2020, Allied Minds released its interim results and referred to the "underlying strength of the portfolio". Spin Memory was described as "the preeminent MRAM IP provider [...] transforming the semiconductor industry". Reassuringly, it was stated that "Spin Memory has made significant progress against its key operational objectives since its last funding round". Allied Minds'43% shareholding in Spin Memory, based on that last funding round, was valued at $77 million. This compares with its $44 million cash cost since 2006. In July 2020, Allied Minds invested a further $4 million into Spin Memory. Spin Memory's carrying value therefore comprised around 35% of net asset value. After 15 years, Spin Memory remains a "pre-revenue" business.Following this update, the Fund held detailed discussions with the board of Allied Minds and expressed its concerns.On 4 January 2021, Allied Minds announced that due to COVID-19, the required testing of Spin Memory's chip had been delayed for nearly nine months, that this delay had affected Spin Memory's ability to secure new customers and that as a result, this, coupled with an unexpected loss of a government bid in late Q4 2020, Spin Memory is now facing liquidity issues. The contemplated funding round is expected to be at a far lower valuation than its carrying value.On 15 January 2021, Allied Minds announced that its Chief Executive had "decided to step down from the board with immediate effect." Going forward, the portfolio will be managed by the three non-executive directors. The Fund welcomes the streamlined management of the portfolio, in which three companies comprise more than 90% of the latest reported carrying value.The Fund notes that the current 28p share price compares with an estimated 26p per share carrying value of the 36.6% holding in Federated Wireless together with parent company cash of 6p per share. Holdings in BridgeComm, Orbital Sidekicks, TableUp and Spark Insights are together valued at 12p per share. Whilst there is uncertainty as to the current value of the Spin Memory holding, the Fund estimates that at least 5p per share could be achievable. Overall, therefore, to trade at the Fund's estimated net asset value of Allied Minds, the share price would have to increase by 75%.The Fund expects the Allied Minds board to proactively seek to realise the inherent value of the portfolio in a timely manner and return proceeds to shareholders. It should be open to any structure that could achieve this objective including, if considered appropriate, reversing Federated Wireless into a Special Purpose Acquisition Vehicle (SPAC).Over the period, the share price of Allied Minds declined by 10%.
kooba
15/1/2021
08:43
The fact it states these NEDs will be joining certain boards , they will be joining as the corporate representative of AM and JP will undoubtedly be stepping down.Suspect staying on in Cfo capacity is largely regulatory pending replacement.Be interesting if there will be some more proactivity in extracting value from the portfolio especially major asset Federated , where again revenues have not met KPI targets which will be partly down to CVD. It's time for some realism and delivery of shareholder value not sitting back and letting things slip further.In the short term i guess whoever is given the poison chalice that is Spin has work cut out to try to get anything back for shareholders...not easy on where we are but hopefully i might be pleasantly surprised if there is an orderly sale process where we get some cash out.
kooba
15/1/2021
08:25
It is clear Pignato will be replaced on all investments where the company has a director representative by one of the NEDs who seem to have solid VC experience. Was hoping Lerdal would step up to an executive role, he was introduced by CA but is independent but did a sterling job of extracting value from Leaf Clean Energy a UK listed mess he took over and sorted where shareholders achieved a great result.
kooba
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