[ADVERT]
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
  -1.30 -5.83% 21.00 21.00 22.80 22.60 21.00 22.30 274,552 16:29:40
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
General Financial 0.5 -55.5 -22.0 - 51

Allied Minds Share Discussion Threads

Showing 7476 to 7499 of 7650 messages
Chat Pages: 306  305  304  303  302  301  300  299  298  297  296  295  Older
DateSubjectAuthorDiscuss
07/10/2021
07:06
I agree- next major news point should be the closing of Federated's funding round. That will either be a damp-squib, or it just might substantially surprise on the upside. Yesterday's announcement had very , very little new news- but I guess that is unsurprising given the Board's track record to date. Be interesting to see if Crystal Amber weigh in again
baldguvnor54
06/10/2021
14:45
Agree with all that..Federated and BridgeComm the obvious candidates for funding and hopefully decent up rounds..Orbital i think could have more upside already but will only come back soon if revenues are going off the clock i guess...so that would be easy.Be nice to think the Numis heads up was on a monetisation event but think its much more likely a revaluation through fundraise.As you also say the management here are really passive and very difficult to have much confidence but if the underlying investments are getting out of the traps it will be a matter of time that exits present themselves.Still think that little old holding in TouchBistro might surprise..not sure any of the directors are even watching sector valuations there but if TouchBistros value has moved like Toast then the $6m of holding based on 2019 valuation could be very conservative ( by many multiples!)
kooba
06/10/2021
14:00
No probs. Comms from the board are abysmal. Luckily the subs largely look after themselves now so alm management should not be able to c0ck things up to much. Worth noting bridgecomm valuation based on funding round from sept 2018 and federated from sept 2019. Both are now revenue producing so a substantial uplift is expected. Difficult to quantify till the next funding round. Also OSK had $16 million matched by the airforce on the last funding round which takes orbitals Nav to $62 mill rather than 46. This share is a tiresome hold. I believe fed will be floated next year on the back of around $75mill turnover. I have said before that tech stock floated last year at an average of 23 times revenue. That is the golden goose.
bobonumber1
06/10/2021
11:55
Ha yes theres a few counters I'm interested in that could do with an injection of optimism at board level !
kooba
06/10/2021
11:16
I'm going to copy that optimistic remark of Numis(#2665) to a post on the Hurricane Energy Board. Imagine such optimism from the corporate broker.
wbodger
06/10/2021
10:56
Must be even sooner now then !!
kooba
06/10/2021
10:10
Given a choice between trusting Numis, or trusting my eyes.... "..Only months away.." was written in early August I believe?
spectoacc
06/10/2021
10:09
Bobonumber1Many thanks for posting and very interesting.Where does Numis get the idea the company is months away from significant valuation uplifts i wonder?? Obviously they are shop and conversations take place ..but if this is the correct picture and the shop are extolling it to their clients ( with the company's approval?) why the hell does the company not provide an update to their own shareholders that might point to such optimism.One must presume that the company has alighted to the strong possibility of there being fundraises in a number of portfolio companies that will be significant up rounds..the company has guided before that they believe the remaining holdings would all command up rounds..maybe also the reason why the share buyback is so tight..preserving cash to hold position or at least show willing and participate?Not impossible that there is strategic buyer of an asset ..but either way you rather get the feeling that Numis ( and their clients) are getting a rather more encouraging story than the rest of us.Encouraging comments i suppose and gives one hope that something positive is in the wind.
kooba
06/10/2021
09:47
Not huge but not insignificant. Also federated will be able to be somewhat self funding as they are revenue producing.
bobonumber1
06/10/2021
09:45
They have 18.1 mill cash ?
bobonumber1
06/10/2021
09:44
"Second, we think FW, OSK and BridgeComm (we estimate: 17% of ALM's total portfolio-company NAV) are only months away from financial transactions which will show that, in aggregate, ALM is worth significantly more than our estimate of its NAV (46p), "
bobonumber1
06/10/2021
09:41
That's why I think CA will be looking for someone hands-on to replace the drifting management. What's worrying is that Allied Minds will have cash-calls from Federated and Bridge and it is very high stakes poker with so few investments. Not even to mention OcuTerra Therapeutics and General Dynamics. If they get a good offer on Federated before Fed goes to market itself it would be wise to grab it.
wbodger
06/10/2021
09:29
NumisAllied Minds (Buy, TP: 46p) On course to demonstrating VC returns in monthsALM's announcement of 1H FY21 results today follows its detailed Trading Update for the same period on 11-Aug. At a minimum, we think investors should note two key points. First, during 1H FY21, Federated Wireless (FW) and Orbital Sidekick (OSK) progressed from pre-revenue companies to earning fast-growing, recurring and profitable revenues - we estimate FW/OSK make up for 66%/9% of ALM's total portfolio-company NAV. Second, we think FW, OSK and BridgeComm (we estimate: 17% of ALM's total portfolio-company NAV) are only months away from financial transactions which will show that, in aggregate, ALM is worth significantly more than our estimate of its NAV (46p), let alone its current share price (23p).Download On course to demonstrating VC returns in months(3 pages) Federated Wireless (FW) accounts for c.26p NAV per ALM share (but is likely worth a multiple of this) in our view, and, most importantly, the company keeps producing more evidence to assure that it is on track to turn over $17m in FY21 and $40m in FY22, and earn high, SaaS-type, profit margins. We also highlight that ALM's Chairman, Harry Rein, has been appointed FW Chairman, due to his expertise/experience. On its own, or with major partners such as AWS, FW is delivering top quality private wireless networks, fast, to commercial and US government customers (thus, the DoD, for one, is promoting FW to other US government branches). This is in addition to the continued deployment of FW's spectrum-sharing service to augment the mobile network capacity/reach/quality of incumbent and alternative connectivity SPs (e.g. telcos and cablecos). In addition, FW has commenced commercial operations in remote US territories as well (e.g. Puerto Rico); has launched products to further help fixed wireless SPs deploy its service in remote geographies as well (to help eliminate the Digital Divide); has progressed product development of, for example, its Automated Frequency Controller for the 6GHz band (as opposed to the CBRS band), and Spectrum Exchange (which allows holders of CBRS licenses to lease out unused spectrum, and thus extract more value from their licences; these licenses were auctioned in 2020 for a total of >$4.5bn).BridgeComm (BC) accounts for c.8p NAV per ALM share, in our view. BC has started to sell its Optical Inter-Satellite Link terminals, for space and ground applications, to commercial and US Government customers. Most importantly, we think, BC launched its point-to-multipoint laser communications product in Mar-21 ('MOCA') and sales are expected to start in 2H FY21. BC earns project revenue already, but it may well crystalise its value for ALM simply by switching backers to further fund its progress.Orbital Sidekick (OSK) accounts for c.4p NAV per ALM share, in our view. It completed its $16m Series A funding round in Apr-21 (it has a $16m contract from the US DoD also). As importantly, in Jun-21, OSK launched its most powerful satellite yet (Aurora) to collect and analyse hyperspectral data to serve customers in the energy, mining and defence sectors. Aurora is a precursor to six further satellites to be launched in 2022.We remind that our ALM TP is based on the post-money valuations of the past funding rounds of, mainly, FW (Sep-19), BC (Sep-18) and OSK (Apr-21).
bobonumber1
06/10/2021
09:29
Funny because Numis report is actually very bullish. Alm just can't be bothered to put a positive spin on it
bobonumber1
06/10/2021
09:20
Likely positively seeking, but not finding? But at some point, they'll hopefully pull something out the hat. It's either that, or.....
spectoacc
06/10/2021
09:16
On buybacks that has been my concern since buyback announced..if there was free capital it seemed a very good idea but in the context of protecting value by participating and holding corner in forecast capital raises on portfolio company's then questionable. Since they deemed $3m available why have they seemingly stopped and $0.7m without any commentary? And as pointed out the buyback is now over ?If they do manage to monetise a smaller holding I'd be keen to see a more aggressive share buyback than a capital distribution as it could significantly boost NAV.But monetisations do not appear closer ..June '19 "the board will do everything possible to maximise shareholder value and drive monetisation of the portfolio."June '19 .."aggressively pursue all monetisation options"In the strategic review at beginning of the year chair indicated 2-3 year timescale to monetisation. In CMD q and a said it needs to be far more rapidly achieved than that..but then went on to say all done and dusted within 3 years. I understand that off record to some holders the Chair has guided that there would be monetisation action by now..these results do not give any indication that anything is afoot at all.They make lots of noise about doing all the right things and have looked at every angle but it is very difficult to feel at all inspired by this management or that they are proactively seeking monetisation opportunities.
kooba
06/10/2021
09:09
At some point - surely - Federated is sold, listed, or SPAC'd, and the value (whatever that is) floods back to long-suffering ALM shareholders. But thought/believed that 3 or more years ago, and happy to be long out.
spectoacc
06/10/2021
09:06
I think it just shows they haven't got much for their $50.5 investment in Spin. Spinned out in the rinse cycle, AM's investment is grey water. For the avoidance of doubt, "the current Buyback Programme runs until to the release of these interim results and future buybacks will be deterimined as appropriate by the Board". For that sort of investment you need hands on engagement with the Board. I wonder what CA's response is? Someone at Allied needs to carry the can. Or am I living in the wrong century? These results are shocking.
wbodger
06/10/2021
06:59
Exactly my thought re copy/paste. Only thought was "Is there really $3m spare?". They won't be participating in many new funding rounds, and few are ready to list/be sold.
spectoacc
06/10/2021
06:41
Nothing new whatsoever...cheap but things are literally cut and pasted and there is no information on portfolio companies not in the public domain. They have moved from specific guidance on monetisation it would seem to use vague timely narrative so moving back to open ended business model ..I doubt this will be the approach many major shareholders are looking for.I am also confused as to why the share buyback has not been active over recent weeks if it has been under Numis authority ..no close period restrictions? The shares have remained at levels paid so no idea why they have not continued buyback and even walked the shares up if there was no easy liquidity?
kooba
01/10/2021
11:32
@kooba, excellent finds. Onward and upward hopefully we'll go.
casholaa
01/10/2021
11:24
I hope the interims next week show that the remaining holdings are moving through key inflection and valuation points in terms of revenues and market traction..there are some potentially very exciting company’s left and the overall market valuation here seems very stingy ..the company talk VC returns and Numis the companys brokers last note indicated they believe multiples of hard nav (46P est) possible and since the stated aim is monetisation within 12-18m then this should be gaining more attention. Shame the board can’t convince the market of the opportunity!
kooba
01/10/2021
10:50
This looks like a widening market opportunity for FW in the 6 ghz space if opened up ..they sound prepped.https://www.fiercewireless.com/tech/wififorward-wispa-tout-next-steps-6-ghz
kooba
01/10/2021
10:45
Today Puerto Rico tomorrow the world!https://finance.yahoo.com/news/federated-wireless-first-bring-cbrs-120000020.html
kooba
Chat Pages: 306  305  304  303  302  301  300  299  298  297  296  295  Older
ADVFN Advertorial
Your Recent History
LSE
ALM
Allied Min..
Register now to watch these stocks streaming on the ADVFN Monitor.

Monitor lets you view up to 110 of your favourite stocks at once and is completely free to use.

By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions

P: V: D:20211204 22:08:07