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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
  0.00 0.0% 13.85 10.05 12.65 - 0.00 00:00:00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
General Financial 1.5 -16.2 -6.0 - 34

Allied Minds Share Discussion Threads

Showing 7301 to 7323 of 8250 messages
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DateSubjectAuthorDiscuss
23/6/2021
13:09
Why would they back the board at the agm 1 month ago to sell into a buy back at circa 21 p when they could have backed Bernstein and sold their entire position on a cheap liquidation at say 40p
bobonumber1
23/6/2021
12:50
They are thoroughly useless
buffettjnr
23/6/2021
12:38
Invesco are inept IMO. My guess is they want out, and eventually we'll get a Holdings RNS saying they've reduced what they can into the buyback.
spectoacc
23/6/2021
12:32
I don't believe investco want out. If they did they would have voted alongside Bernstein at the agm. They chose to side with the board even though Bernstein must have tried to persuade them not to. The same applies for GIC. Their investment arm also sorted the funding for Orbitals last round. Bernstein wanted to liquidate the company on the cheap. Investco therefore would have had the opportunity to get out. A fed IPO would be done at 10-20x revenue. So if they hit the $100m + Rev then you have your billion $ company and fed alone worth 6x current share price for ALM
bobonumber1
23/6/2021
09:50
718k & 768p at 20p & 20.1p - is this buyback simply going to buy a few of Invesco's that they want rid of? 20.9% of the co last RNS I saw (about 102m shares?).

As before - this isn't "returning $3m to shareholders", not unless you're the one selling to them. I'm with Terry Smith on buybacks.

spectoacc
23/6/2021
09:44
Look at Fed jobs - they are looking for a new CEO with ipo experience- keep the faith
believer2
23/6/2021
07:01
Celebrating another write off ( ($50m odd in total and over $4m put in a year ago) with a share buyback, whoop whoop...likely last a week.https://blocksandfiles.com/2020/07/23/spin-memory-funding/
kooba
23/6/2021
06:43
Surprisingly positive
buffettjnr
23/6/2021
06:23
I eat my words, a buy-back after all. For all of $3m, but still - it's something.

Tho standard American:


"With the developments at Spin Memory, we now hold excess capital within the Group which we are pleased to be able to return to shareholders via a share buyback."


It's not "returned to shareholders", is it. And without control over in the remaining investee co's, how can they be sure they won't need it?

Spin looking like zero, ALM having invested over $50m. They'd previously warned of us that, but it's still a blow. Token buyback presumably an attempt to placate.

spectoacc
17/6/2021
08:57
Think you'll find that short is in reflection of a long in Crystal Amber not a stock specific short in AM. Saba have built a holding in CA because the shares trade at a discount and are shorting underlying to try to trap that valuation discount.All true on Federated though , company was forecasting a sharp jump in revenues this year and I believe in the Cap Markets presentation indicated they would be in a stronger position to guide in June..we'll here we are how we doing? The lack of any new contract coverage is not encouraging but I still think the business is in a strong position in a vastly growing space with bigger players committing to strategy where spectrum sharing is a key component..it gets taken out imho hopefully at a reasonable premium to book.If the company needs more funding without getting the promised commercial traction could be tricky.
kooba
17/6/2021
07:35
No position either. Not only ought ALM to have been done & dusted by now, it's hard to predict when it will be. The longer it drags, the more cash pocketed by the US exec team, the more costs, the more risk of getting diluted in portfolio co's, the more risk of running short of money. Not sure a share placing would go down well :)

Can see them flogging something smaller to punt the cash on eg more FW & their fees.

Flipside - SPAC FW, flog the shares in the market (or a trade buyer?). Is value in ALM if only can be realised, but when has that not been the case for the past 3 years.

Good luck holders. Struggle to think of a price I'd get back in, just too much risk in one co & don't have any feeling for FW. Holders will deserve their payout if & when it arrives.

spectoacc
17/6/2021
07:19
'Maybe no news is good news on FW :) But if FW mess up, there's not a lot left."

Agree. And the shorts are starting to get tucked in, too.

HTTPs://shorttracker.co.uk/company/GB00BLRLH124/

No position.

frazboy
17/6/2021
06:31
Maybe no news is good news on FW :) But if FW mess up, there's not a lot left.
spectoacc
17/6/2021
06:30
https://investableuniverse.com/2021/06/15/orbital-sidekick-hyperspectral-imaging-oil-gas-mining-defense/Shame this is one of their smaller investments..looks a great model and they're delivering satellite roll out.Meanwhile Federated Wireless who are promising a big revenue jump this year are as quiet as a mouse.
kooba
09/6/2021
14:53
Reading the OcuTerra RNS from last week, positive enough, but wondering when something like that ever gets monetised:


"...The second close includes an additional $8.96 million, taking the total proceeds of the Series B funding round to $23.59 million. As previously disclosed, proceeds from the round will be used to prepare for, conduct and report on the results of a future Phase II clinical trial of its OTT166 asset, among other working capital needs.

The transaction was completed at a pre-money valuation of $16.0 million. Allied Minds' existing shares of Special Convertible Stock (purchased at an aggregate purchase price of $2.0 million) automatically converted into shares of Series B Preferred Stock. Following the second closing, Allied Minds' ownership of issued share capital is 21.5% and fully-diluted ownership is 16.6%. "


"..Prepare for, conduct and report....future Phase II...".

Know it's not a big one in the NAV, but no hint the directors plan for the ALM gravy train to end anytime soon.

At some point there's a cash crunch.

spectoacc
06/6/2021
18:38
Let's say is for example. How about 80p then ?
bobonumber1
04/6/2021
12:35
"Let's say fed fair value now has a nav of 60p." ..Or why not just pull any number out our...The company could be worth more that the $200m odd current value if they deliver this year..that's an if not a given."Any asset could be disposed of at will as long as there is a buyer. " .. not necessarily so in these private company's , shareholder agreements normally preclude a free for all . Also AM has 1/2/3/? Directors on the Fed board ..unclear where it is right now but the company is undoubtedly in an inside position.The Chair did state if they went out and sold the assets in the market they would look at hefty discount.If they use their cash on buybacks yes could be asset value per share enhancing ..however having no cash to hold their corner in the next funding round on any holding could be hugely value destroying after all they are the largest holder in 2 of their largest holdings and failure to participate in a raise could see them significantly diluted.Orbital sidekick is a good business but the company holds a minority relatively small holding.Federated needs to deliver revenues and now have forecasts in the market , if they meet these forecasts next funding end of year early next should be an up round.Bridgecomm ..no feel for it.
kooba
02/6/2021
09:47
Pourquoi ?
red ninja
30/5/2021
15:41
The window on monetising these assets is closing. They need to execute before October 2021
buffettjnr
30/5/2021
14:36
Regarding buybacks. Let's say fed fair value now has a nav of 60p. You are then effectively buying shares in fed 3x cheaper than current share price and then valuing the rest of the pf @ 0. Regarding disposals. Any asset could be disposed of at will as long as there is a buyer. A flotation or spac is out of their hands as they are not majority shareholders in the subs. They are however the largest single holders in the subs so therefore have most influence. They would only need to get the backing of invesco for instance in order to go over 50 percent in a fed flotation and GIC in orbital. GIC and Invesco seemingly have backed the board in the latest AGM, hence Rein and co have held their seats.
bobonumber1
17/5/2021
13:23
Well I heard they sweet talked some shareholders after hearing there was a bit of a revolt to save their skins. Definitely looking at buybacks..right thats smart when they are looking at investments in three companies all cash hungry and the main one FW likely to need a big raise before the end of the year. Also that they've listen to shareholders and will be accelerating monetisation...if you listened to the CMD they repeated disposals are largely out of their hands.So its unlikely they actually deliver on either but think that 47% voting against the Chair is support for th board and strategies so he wont be going .....back to the golf club chaps thats all sorted..large ones all round.
kooba
13/5/2021
07:18
"As ever, the Board is committed to an open dialogue with all shareholders and welcomes constructive engagement."

Hmm. After first rubbishing the vote by saying it was all down to one institutional shareholder.

spectoacc
13/5/2021
04:02
https://www.thisismoney.co.uk/money/markets/article-9572361/Allied-Minds-hit-major-investor-revolt-chairmans-pay.html
kooba
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