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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
  0.05 0.22% 23.30 22.30 24.30 23.00 23.00 23.00 116,093 16:40:17
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
General Financial 0.5 -55.5 -22.0 - 56

Allied Minds Share Discussion Threads

Showing 7351 to 7374 of 7525 messages
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DateSubjectAuthorDiscuss
10/8/2021
10:41
I am also rather concerned how out of date their website is now ? Surely they have a duty to investors to be fully transparent and current. I agree it’s a hobby board and there are a number who are so far out of their depth
believer2
10/8/2021
10:41
I am also rather concerned how out of date their website is now ? Surely they have a duty to investors to be fully transparent and current. I agree it’s a hobby board and there are a number who are so far out of their depth
believer2
09/8/2021
20:37
15th Jan 2021 whenCEO Pignato stepped down “The Non-Executive Directors will be involved with each of the Group's portfolio companies. As such, one of either the Chairman, Harry Rein, the Senior Independent, Bruce Failing or the Non-executive Director, Mark Lerdal will each join certain Boards of Directors of such companies, including Federated Wireless, Inc., BridgeComm, Inc., and Spin Memory, Inc., to provide strategic guidance and support advancing the portfolio towards monetisation events.” Apparent current advisory board of BridgeComm Inc http://www.bridgecomminc.com/about_advisory.html I have asked why such an important portfolio company where the company has provided most of the investment and remains a significant majority shareholder has no representation of BridgeComm no answer and of Allied Minds Chair no response on this point and have asked again. Not sure how the board expect to influence an agreed agenda of monetisation If they have no board presence. What is the board doing exactly ..Spin down the Swannie..they only seem to have one board position on a portfolio company which is Harry R chairing Federated Wireless ..think his background is in life sciences so I’m sure his connections and experience invaluable there. Thinking this is a hobby board for retired VCs with little listed experience (ML exception ) ..they are not aligned with shareholders and quite frankly look out of their depth.
kooba
08/8/2021
14:59
Company presenting in london conference later this year.Kerrie Brady, Chief Executive Officer, OcuTerra Therapeutics View Bio• "Purpose engineering" to design OTT166 selective integrin antagonist• Review of preclinical research demonstrating delivery and activity of OTT166 with eye drop dosing• Clinical research results with OTT166 in diabetic retinal disease and wAMD to date, plans for Phase 2https://www.smi-online.co.uk/pharmaceuticals/uk/conference/Opthalmic-Drugs
kooba
08/8/2021
14:57
Meanwhile the business the company wrote down to nothing (Scifluor) seems to have refinanced and reinvented itself into a serious play without their involvement ..luckily AM has retained a holding with value.https://www.ocuterratx.com/? Chaired by Brent Saunders and with new CMO David Tanzer joining the fray, the folks at eye disease biotech OcuTerra have enlisted Richard Lindstrom and Sheri Rowen for their scientific advisory board. The founder of Minnesota Eye Consultants, Lindstrom is an adjunct professor emeritus at the University of Minnesota's ophthalmology department. Rowen, a LASIK surgeon in Newport Beach, CA, founded Mercy Medical Center's ophthalmology department in Baltimore 25 years ago.
kooba
08/8/2021
09:50
There was an opportunity to make changes at the top but not enough shareholders voted for that change ..i believe some had their heads turned by the idea of early monetisation promises and a share buybacks. The buyback is ineffective at this stage and has now increased the burn thus reducing the opportunity of the company holding its corner in forthcoming fundraises of its remaining holdings.One has to hope that the portfolio companies are successful and that there is some "kindness" when it comes to future dilution. Basing a model on kindness in US venture financing is a stretch.The board has precious little experience in the listed sector or in communicating with uk shareholders..there seems no alignment in intent, and a largely reactive management that would appear to have little impact on the outcome for their shareholders. They appear incapable of convincing the market that there is value in the situation even at a discount over over 50% to their stated asset value. Is this discount down to the quality of its portfolio or the opinion that the management will be unable to deliver a strategy that benefits shareholders?
kooba
08/8/2021
08:13
This post was so shockingly bad , that buywell thinks it is worthy of reading again Especially if one is a first time visitor seeking bombed out situations Why ? Because it explains why the company is having to buy its own shares back ------------------ kooba22 Apr '21 - 16:54 - 2466 of 2562 0 2 0 Talking of Bernstein ..CA fund update just out. Allied Minds plc ("Allied Minds") During the quarter, following the resignation of its Chief Executive, Allied Minds continued its practice of poor communications and the unacceptable lack of provision of financial information. This included a botched Capital Markets Day, to which invitations were only sent to analysts and not to investors. The Fund is aware of two (paid for) analysts who cover Allied Minds. Subsequently, investors were made aware of the Capital Markets Day, with only a few days' notice. The company's broker subsequently apologised to the Fund for this error. During the Capital Markets Day, important financial information was provided. The Chief Executive of Federated Wireless (which represents 26p of Allied Minds' house broker's estimated net asset value of 46p), reported actual Q1 revenues for 2021 and a financial forecast for the full year. Revenue forecasts were also provided by other portfolio companies. The Fund believes that this information should be provided to all market participants and not just to those that were able to access the Capital Markets Day. More than a week ago, the Fund requested that Allied Minds release this information without delay to all market participants. This afternoon, this information has finally been made available. Separately, earlier this month, paid-for research from Edison for Allied Minds was withdrawn, after the Fund highlighted an error with the percentage holding in a portfolio company. Earlier in the year, Edison apologised for a previous error: for several months, estimated net asset value had been materially overstated, as a result of not deducting the 12.6p special dividend paid to shareholders in February 2020. The Fund believes that responsibility lies with the Chairman of Allied Minds. In light of this, the Fund has written to Harry Rein to ask him not to seek re-election at next month's Annual General Meeting. If he decides to seek re-election, the Fund (an owner of more than 18%, of the issued share capital) will vote against his re-election and write to other shareholders to explain its reasoning. The Fund believes that Mark Lerdal, a non-executive director of Allied Minds, should replace Harry Rein as Chairman. Following his appointment as Executive Chairman of Leaf Clean Energy ("Leaf") in 2014 with support from the Fund, Mark Lerdal achieved an excellent outcome for all shareholders in the company. Like Allied Minds, Leaf was a London listed, US based closed end investment fund trading at a 50% discount to net asset value. Over the period, Allied Minds' shares fell by 31%.
buywell3
06/8/2021
16:07
The Saba capital short should be considered in conjunction with their long position in the Crystal Amber fund that they are pushing to wrap up. They seem to be working to lock in profits from Crystal Amber's discount to NAV.
petersw1
06/8/2021
15:36
Shouldn't laugh, but: "Allied Minds plc is an IP commercialisation company focused on early stage company development within the technology sector. With origination relationships that span US federal laboratories, universities, and leading US corporations, Allied Minds historically created, and now operates and funds, a portfolio of companies to generate long-term value for its investors and stakeholders. " Shouldn't that be "...Destroy long-term value.."? Operates: really? If "Stakeholders" means the directors, then yes, they've done very well long-term.
spectoacc
06/8/2021
08:55
Not new news but details the opportunity around the DoD marines contract.https://www.businesswire.com/news/home/20210805005166/en/Federated-Wireless-Oversees-Successful-12-Million-5G-Private-Network-Pilot-Using-Shared-Spectrum-for-United-States-Department-of-Defense
kooba
05/8/2021
10:01
Yes I thought so too, but its only from the short tracker website. Either way fingers crossed for FED and Bridgecomm over the coming months
walterwhite1
04/8/2021
22:49
Very strange
buffettjnr
04/8/2021
22:34
Seems quite a strange target for shorting...
aqc888
04/8/2021
20:15
Saba capital have got a short at 1.23%. The 20p level does seem solid but I’m reluctant to average down tbh. My b/e is 36p so I’m fairly happy with my holding. Federated wireless and bridgecomm are due to start generating revenues in Q4 so I’m quietly confident
walterwhite1
04/8/2021
09:53
Would add more, but bit concerned they are getting some short interest. Surely they can’t fall further from here?
aqc888
21/7/2021
13:27
No, it's the CRS NAV releases, where they detail the total holdings (shares + CFD) & usefully state the % of ALM they hold, shares + CFD combined. So to go back 4 of them: End-Feb 2021, 20.7% of ALM End-March 2021 - 21.4% End-April 2021 - 20.9% End-May 2021, 20.9% Due to timing of the sale, end-June NAV (due soon) also likely to report 20.9%, but latest is 18.6%.
spectoacc
21/7/2021
13:24
My calcs:01/07/20 they held 22.6 %On that day they transferred over to a CFD 4.39% leaving them with 18.21%22/10/20 they sold 0.37 % leaving them with 17.84%31/03/21 increased to 18.27%13/07/21 increased to 18.56% So a 0.29% increase or 689454 shares purchased
bobonumber1
21/7/2021
13:03
Looking though RNSs for CRS holdings I see: Date thres. crossed____ Percent voting rights____ Number of voting rights 25/03/2020___________ 22.6 ________________54,605,066 01/07/2020___________18.21________________44,089,849 22/10/2020___________17.84________________43,189,849 31/03/2021___________18.27________________44,247,647 13/07/2021___________18.56________________44,708,770 So yes, they have less than they had in March last year, but have been adding to their position since October. Though, I take it I'm missing the CFD data? Right I see now, we need to refer to CRS's NAV releases to see the amount including the CFDs. But they haven't put one out yet for the end of June. So we can only guess at the CFD position. Or is there another source of info?
petersw1
21/7/2021
08:51
Perhaps trying to hide the fact they sold some - certainly isn't easy to work out from the RNS's, which would imply they'd bought. But they haven't - they owned c.20.9% of ALM across shares & CFD, now they have c.18.6%, and that's despite small buybacks reducing shares in issue. 1.75m went through on 13th July, that'll be the trade. Too small to find out who took it.
spectoacc
21/7/2021
08:47
Indeed, my error.
casholaa
21/7/2021
08:02
Check out rns
casholaa
20/7/2021
07:44
Agreed Sceptical
buffettjnr
20/7/2021
07:35
This company is a great example of failure. Mcap was what 25 times the current on listing? Previous (and perhaps current?) BOD should be barred from being Directors for this lvl of incompetence. Poor holders
scepticalinvestor
16/7/2021
09:20
Since AM did not support Ocuterra fundraise and had effectively written it off company are probably lucky to still have a holding of some value ..pretty sure won't be represented there either.So with spin insolvent ..only board position is on Federated, with just one director now it seems.This does not appear that hands on !
kooba
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