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ALM

Allied Minds Plc

13.85
0.00 (0.0%)
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
  0.00 0.0% 13.85 10.05 12.65 - 0.00 01:00:00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
- - - - 0

Allied Minds Share Discussion Threads

Showing 7226 to 7249 of 8375 messages
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DateSubjectAuthorDiscuss
15/4/2021
07:30
Continued. Bridgecomm. Doing well. Single digit millions revenue for 21. Again double for 22 onwards. Tapping into a $30billion market. Boeing part sponsoring ongoing r&d and progressive partnership with Nokia. Looks very interesting but smaller than the others.Spin. Not yet dead. ARM and applied are putting together a proprosal for an extended runway, details of which we will hear soon. ALM reluctant to participate so dilution expected. Worse case scenario there is significant value in the IP. Just a question of how that would be monetised. Spark insights. Probably dead.
bobonumber1
15/4/2021
07:24
I watched the whole presentation and asked lots of questions. It all looks very bullish. A brief breakdown.Fed growing rapidly. Single digit millions Rev for 21, double for 22 and looking to hit triple digit for 23 onwards with global expansion and WiFi 6Orbital side kick. Growing exponentially. Single digit million Rev 21, double digit 22 and high double + 2023. Every o&g pipeline operator will want to use their proprietary hyperspectural imaging. Also being used by the airforce for confidential reasons. And many other use cases. Raise at 3x from previous round plus additional 3x value added from $16mill contribution from US airforce
bobonumber1
15/4/2021
07:21
ohisay
Budgets were given for this year and next with this year broken down by quarter with actuals so far and revised expectations. Can the now put this on the web site without an RNS?

bwm2
15/4/2021
07:13
As i said the slide show is on the website not the presentation dialogue which included forward looking revenue estimates for the company's largest asset..if you have found the full presentation let me know.
kooba
15/4/2021
07:07
http://www.alliedminds.com/investor/

Presentation on the website at some point .??..

ohisay
15/4/2021
06:52
I was unable to attend the CMD due to childcare issues...started at pick up time! I have spoken to one person who was on the call and understand there was some quite detailed updates from FW on turnover ..the numbers sounded quite pleasing in magnitude and i would have thought should be deemed price sensitive. FW is the company's largest asset and represents more than half its Nav. I have looked on the company website expecting the full vid of presentation but only has the slideshow without narrative so whilst interesting does not contain the verbal trading update on FW that was given on the call.This now seems to be price sensitive information only given to those that could attend the call...i do not think this is the correct determination of information.
kooba
13/4/2021
09:20
The monster companies lining up in the space Federated has a foothold in is very encouraging..does make me think that federated is such a small bite that at some point there could be a land grab in the sector and Federated could see an auction.So Cisco already moving in the area over $200b market caphttps://www.lightreading.com/5g/charter-wants-to-start-mapping-out-its-mobile-network/d/d-id/768632Charter comms a tiddler at $133b market cap.Both working with federated.
kooba
13/4/2021
06:58
And yet if ST read this thread, he'd know the Edison note isn't even all that accurate.

There's still value in ALM IMO, just not as much as claimed.

Waiting on Capital Markets presentation, hopefully make it clearer.

spectoacc
13/4/2021
03:38
https://www.investorschronicle.co.uk/ideas/2021/04/08/five-investment-company-bargains/

That’s clearly not what I was expecting when I last suggested buying Allied Minds' shares, at 38.5p (‘Technology winners with a huge margin of safety’, 19 October 2020). Allied Minds’ 43 per cent stake in Spin Memory had a read through valuation of US$77m at the time and accounted for 24.6p a share of my NAV per share estimate of 65p.

However, even if you attribute nil value to the Spin holding, then analysts at Edison estimate that Allied Minds’ remaining portfolio companies and net cash of US$22.3m (6.7p a share) still have a combined value of £104m (42.5p a share). There should be upside to that valuation, too. That’s because the company's largest investment, a 43.1 per cent holding in Federated Wireless, which has a read-through valuation of $92.7m (28p) based on the last funding round, is on track to achieve its revenue targets.

I've taken a position here ..full article worth a read.And Capital markets presentation tomorrow will be on the website afterwards ..Does look oversold.

ohisay
09/4/2021
12:25
Mentioned in the Investors Chronicle i believe.
kooba
06/4/2021
13:38
Edison note is no longer accessible as far as i can tell..maybe just checking those number...often better to check them before publication i reckon.I'm sure as its effectively promotional material someone at the company should fact check...conversation I've had before when they effectively double counted the capital distribution. That trade sale and distribution has done so much heavy lifting in company communications unfortunately surrounded by the ongoing failures in the rest of the portfolio.However did spot on the note that there is a AM capital markets day on 14th April..now the company with the 4th January update did say there would be a CMD in April ..details to follow. I can't find any details to shareholders of this event or how one might access it ..even on company website. So if its not well attended i guess the answer is tell people in future.I'm afraid comms goes from bad to worse here.
kooba
05/4/2021
17:14
Yes a SPAC might boost value short term but would obviously not be a money exit..AM would have listed paper that they may be locked in on. It could provide the company with a decent cash injection to progress in an exciting field without AM getting hit for not holding corner.On brighter note second biggest investment..https://finance.yahoo.com/news/bridgecomm-commence-targeted-customer-demos-130000779.html
kooba
05/4/2021
17:01
Good spot, haven't looked in detail. Edison so often iffy, which is surprising when everything will be run past the co in question first!

Sticking with my view of the cash, until something happens to change my mind.

Should we also consider that even with a FW SPAC listing, shareholders wouldn't be seeing all the cash back?

spectoacc
04/4/2021
17:59
Found the April fools on Edison.They are counting the increased valuation on Orbital Sidekick that has not completed as subject to regulatory approval as yet on post valuation $46m as opposed to AM who are taking last round funding at $11.9m which might not be that bad as the round is likely to go through shortly , but they are not diluting AM holding in the process to 24% not 30% fully diluted , so that is an incorrect calculation by a few M..then on the cash to get them 24% holding AM are committing $2.5m to the round , only $1.5m I believe has been taken from cash as $1m due on completion.Think that takes $3.75m odd off assets or 1.5p off asset value per share..now in the old days that would be trivial but these days every little matters.Might have got this wrong I guess but something ain't right on the Orbital valuation relating to last round if any cares to look.
kooba
01/4/2021
15:13
Thanks for that.

I'd take issue with them including the cash - 36.6p without it, the majority being Federated.

Can personally see ALM p*ssing the last of the cash up the wall. Or put another way, if it's not all done & dusted ASAP (which it won't be), the cash will be gone in costs in less than 5 yrs, even without one single penny to funding rounds.

Some will go into funding rounds this year, since all the holdings need more - but seeing how much went into Spin, I'm discounting the cash.

FW - as always - the big hope. Any news on that and the situation changes.

spectoacc
01/4/2021
14:21
Edison note out ..checking for errors!https://www.edisongroup.com/publication/waiting-for-news-on-funding-rounds/29228/
kooba
31/3/2021
08:18
Incubators - the last refuge of the scoundrel.Not sure its that all incubators or early stage investors are scoundrels! Ip group and Draper Esprit seem to be emerging well at the moment. Unfortunately AM has always been badly run with a bad model that never seemed aligned to shareholders and likely overvalued investments , they also made bad investment decisions or ultimately too many investments it couldn't support. The market cap after a small distribution is around $78m but they have lost hundreds of Ms getting here...they are an outlier in venture investing and an exceptionally bad one.
kooba
31/3/2021
07:44
Good grief, is this still trading? Should have been liquidated when the mkt cap was 10x higherComplete and utter shareholder value destruction. The clue was in the BOD remuneration...
scepticalinvestor
31/3/2021
07:36
CRS has had a few things that have gone wrong. Some a lot less public but if you ask the right people, they might tell you a few stories.
buffettjnr
31/3/2021
06:56
@walterwhite1 - as it touched its Covid nadir low from 2020 of 23p yesterday, I'd suggest your last sentence is very true. [Edit - low was actually 20p, but your point stands].

CRS have ballsed this one up, tho hardly their fault they got no support from the likes of the lamentable Invesco.

Yes, maybe FW comes through, and there's still value knocking around in ALM, but can't argue that the c.$5m a year being dribbled out is a big problem. Less of a problem if they'd sold the lot a year ago, or now, or even in the next 12 months.

Someone remind me what price the highest fundraising was at - £3.50-ish? But hey, let's trumpet that 12p cash return again.

Incubators - the last refuge of the scoundrel.

spectoacc
30/3/2021
20:47
Good to read some honest debate regarding the shambles which is the BOD. They've used ALM to line their pockets whilst not giving a single thought to shareholders.
I wasn't expecting anything other than waffle in the 2020 results. So todays 8% drop didn't surprise me. I'd agree that the cash position is starting to look a little worrying. But I've long maintained that FED is the golden egg here. The potential for recurring revenues is excellent.
My b/e is 36p. I feel lucky as I assume others are under much deeper water?

walterwhite1
30/3/2021
18:58
Maybe federated would struggle to achieve a premium to the valuation of $215m even into a SPAC ! The fact FW haven't achieved anything like revenue projections and are still loss making though might boost the SPAC value! Overall if you take it that Spin and Spark are gonners but that Bridgecomm and orbital could have upside in the next funding round it is still very difficult to come up with a nav projection with a 4 in front.The cash position is getting very worrying..they can keep the doors open for a few years sure but can they hold their corner in funding rounds protecting what remains of value ....and if they cant , they will get shafted.This needs to be resolved it cannot continue like this until there is nothing left burning $5m a year holding a few passive investments.Market cap $76m cash $20m portfolio valued by market at $56m and costing $5m to manage that passively.Add to that this tech investment company has had $100ms of losers and one small monetised winner (a chunk of that profit paid to management) and the NAV here is still going down and down against markets that have hit new highs does make you wonder how the management see this as sustainable and reasonable. I doubt Crystal Amber will let this continue ..they appear to have no shareholder support.
kooba
30/3/2021
18:15
Specto or maybe now you can go by Spacto. I am with you if the spac achieves many multiples but if they don't then that eats into shareholder equity. For spin it's a good idea. A 2 year cash runway could give them opportunity to prove their tech. Let's see what the future holds
bobonumber1
30/3/2021
15:15
@bobo - SPAC market in the US is just nuts. There's things listing at multiples of the valuation (from last funding round) of less than 12 months ago. No-profit co's a speciality.

Cazoo at $7bn? Nuts. Arrival at $13bn? Beyond nuts. (You may not have heard of Arrival, but it's now the largest listing of a UK co in history).

And those are just some UK co's - Federated, with some decent US blue-chip customers, ought to go down even better over there. SPAC'ing also far faster than IPO. They could have it away in weeks, and money back to us shareholders in little more than a month.

I don't understand why they haven't done it already - and I'd do same with Spin, raising perhaps next to nothing for ALM but raising cash for Spin and keeping a now listed shareholding to dispose of later. Just can't see a downside.

Yet it doesn't appear to be happening.

spectoacc
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