Allied Minds Share Discussion Threads

[casholaa] 06/5/2022 11:32

There have only been two TR1's so far, not seen any 8.3's

[kooba] 06/5/2022 11:13

Well its doubtful with no report and accounts out and we are 2 months into the process..but who knows maybe they pull something out of the bag..i am not holding my breath. I don't think there was a plan per se just a hoist the for sale flag and keep their fingers crossed..thats what the share price is saying.Crystal Amber helped turn Hurricane into a 10 bagger over past 12 months and are the largest holder...unfortunately with write offs and poor management here trying to extract value nearer stated asset value is going to be a stretch..needed wholesale change in management, preserving capital and cutting even more under performers years ago to have managed to get more back for shareholders. No real winners with this counter apart from those that shared in the only profit they took through a highly ill thought phantom scheme ..how that was ever put forward and approved is beyond me.

[vullrich] 06/5/2022 10:06

Yes, look how Crystal Amber turned Hurricane Energy around, they in it here too.

[casholaa] 06/5/2022 08:10

So is there a takeover offer yet?

[kooba] 05/5/2022 13:50

No i don't know its being held back, what i do know it is 5 weeks later than last year with no obvious reason and the timing of the AGM is dictated largely by when the results come out . There's certainly no guidance from the company. I haven't contacted them because they don't answer private investors..certainly my last communication went unanswered.They have a few remaining holdings and a big admin budget ..previously listed company's had to produce accounts within 4 months of year end I believe ..would have been end of April for them..but there are exceptions I understand still in place which means things can be extended because of CVD19. If they are ..and they are now..using such extension they should inform their shareholders of a delay and advise when results will be released.I believe an AGM still has to be held within 6 months of the year end , so by end June , that means the results have to be out early June at the very latest anyway even using the extension.Doesn't escape the fact they have no up to date report and accounts to support the sale process or for new directors..no one will want to go on board until they have signed off last years report and accounts surely? Maybe that is the idea!

[believer2] 05/5/2022 12:36

Kooba - do you know that the report and account is being held back ?

[kooba] 05/5/2022 11:31

2 months ago"These options include, but are not limited to, a sale of the Company itself which the Board intends to conduct under the framework of a "formal sale process" in accordance with Rules 2.4 and 2.6 of the Takeover Code. The Strategic Review is solely aimed at creating and/or realising shareholder value.The Board believes it is in the interests of shareholders to ascertain if a buyer could be found to acquire the Company and is unanimous in its support for the Strategic Review and has appointed Numis as its financial adviser. Parties with a potential interest in making a proposal should contact Numis, whose details are set out further below."Now first thing any buyer might want to see is up to date accounts i would assume for the dec 2021 year end. Not sure how anyone will engage when the last full report and accounts are to December 2020..16 months ago.The results came out on the 30th March last year ..the first quarter last year was very interrupted by CVD19 ..not so much this year but here we are into may with no idea when the company will produce 2021 report and accounts. Harry is due to go the earlier of the AGM ..Last year that was 12th May or the end of May. Now with 21 clear days notice that means the company need to get the report and accounts out pronto or the AGM will full into June.Also having been a director of a listed company ..i would not contemplate joining a board until such due accounts were available. Whether this delay is to cause problems for any incoming directors or is just Harry hanging on as long as possible who knows..but i can imagine it is a major impediment in trying to find a buyer for the company or getting new competent directors on board.This is simply not good enough by the present board and i believe is either sheer incompetence or wanton mischief in securing what would be in shareholder interests going forward.Once again $5.7m to run a company that has a few passive investments that the board seem to have little influence or positive contribution towards and they cant produce a report and accounts to shareholders on time..thank gawd change is coming but seems they wont even allow for that to be an orderly process.

[kooba] 05/5/2022 06:41

OcuTerra progress towards phase 2 trialshttps://twitter.com/ocuterra/status/1521889426166755328?s=21&t=i5DH07oeA45hzW9g3Thm4g

[kooba] 05/5/2022 06:39

Not entirely sure how this relates back to federated as it's slightly garbled ..but the company do seem to be "out there" at the moment..hopefully a sign of increasing commercial confidence and traction ..not just because the bank balance has been boosted!!"Experts predict that by the end of the year, the firm predicts annual investment in LTE and 5G NR-based CBRS RAN infrastructure will be more than USD 300 million and that the compound annual growth rate (CAGR) will be approximately 52 percent between 2020 and 2023."Interview with FW CCO..interesting recap of where we are and part of the opportunity.https://www.5gevolutionworld.com/topics/5gevolution/articles/452178-making-school-networks-smarter-more-secure-affordable-with.htm

[kooba] 04/5/2022 10:40

Well in valuation terms certainly..unfortunately the company ran to the end of its funding at a point where they had missed revenue forecast ..again , so wonderful timing! Existing and new shareholders knew fully well the largest holder couldn't hold their corner so ALM couldn't influence pricing as we could only participate in a very modest way..funny though it was still ALM shareholders stumping up bridge finance to get funding over the line and still getting stuffed on valuation..beautiful.Looking at investments made and money and $100m's lost apart from one freak in Hawkeye 360 i am not sure if this company has had any winners out of the large number of investments made..that is some serially bad management.Federated a company that has now raised over $200m over 10 years is valued at just over $300m..premium bonds might have done better !!

[casholaa] 04/5/2022 10:22

It begs the question 'why are we not seeing the fruits of success?'

[kooba] 04/5/2022 09:44

For referenceIn the article"With over 375 customers and more than 100,000 active devices.."21st Feb 2022 funding rnsWith more than 350 customers and over 85,000 connected devices across the United States and territories11th august 2021 portfolio updateWith more than 200 customers and growing across carriers, cable, wireline, WISP and other segments, Federated Wireless has over 65k CBRS nodes deployedSince last August it would appear customers up almost 90%Devices up 54%..looks good but they said revenue was pushed back hence miss so one would hope to see this growth.It is unclear what federated wireless revenue was last year ..only that it was a miss on the $17m forecast...$10-15m who knows?What is seen from these utilisation numbers is that use is growing quite fast ..one would hope though that now is the time for private networks and this growth should accelerate sharply.The recent top up funding has the benefit of seeing most of the first half numbers..likely revenue already baked and we are getting further dilution irrespective of performance..nice for them.it does re-enforce that it appears likely we could exit at funding valuation ..if that was seen as the right move. I think after 10 years and over $200m of funding now gone in ..fair bit from ALM shareholders a post new money value of just over $300m is not exactly VC like in return..in fact a bit of a disaster really however now is when the smart money is getting in and naming their price at our expense. There has been little value accretion in backing this business over the 10 years ..and previous fundings ALM backed were likely far too generous valuations..but we are where we are and i think federated could be sold or ipo'd in the next 12 months..does one sell now..the current board said no last year promising those VC like returns..but then put everything up for sale this year to try and save Harry's job ...so somewhat confused.

[kooba] 04/5/2022 09:17

For those still managing to stay interested..https://www.thefastmode.com/expert-opinion/24618-cbrs-to-power-5g-private-networks-federated-wireless-on-the-state-of-the-cbrs-industry

[davesailing] 03/5/2022 15:19

Allied Minds 23.6% holding of Federated Wireless is worth 57.76M GBP. Current market cap of ALM is just 43.14M GBP....

[kooba] 03/5/2022 07:38

NB formal sale process they announced was launched almost 2 months ago 8th March.

[kooba] 03/5/2022 07:31

Confirmed the new fully diluted holding ( unclear where dilution kicks in as no information available) but if you take 24% of post new money at todays exchange rate then the holding is worth 23p a share. In fact sterling effect has probably nudged NAV in sterling terms to 40p. Still waiting to hear on BridgeComm on fund raise following that tweet.But if company could sell federated holding at this valuation ..not saying that is what i would do because the company might finally be at some meaningful revenue inflection point ..but it would leave the company hopefully in a position to return close to 30p if there were discounts on other holdings.The company should give an update on the offers they obviously expected to receive by hoisting the for sale sign soon..maybe with the results which seem rather tardy this year..out end of March last year, why the delay? We have well over $5m of A&G costs in a largely passive investment company..lets have the results hey.

[kooba] 02/5/2022 17:49

OcuTerra ..lbe good to know when the phase 2 commences and when results can be expected..they certainly must think it's a great story as they are getting out there a lot recently !https://twitter.com/ocuterra/status/1521139754158407681?s=21&t=8fvn8oE0WCRiadjowub7eQ

[kooba] 02/5/2022 17:34

https://www.federatedwireless.com/news/federated-wireless-secures-additional-14m-in-series-d-funding-for-private-5g/More dilution but seems quality names coming in.Suppose this means they've had a good 1st quarter and most of 2nd quarter , nice to be able to come in with that additional information.

[casholaa] 27/4/2022 12:56

They can make all the agreements they want, delivery/follow through is something else. I'm still here for the eye treatments. Whereas 5G just sounds like providing wifi in the 5G band.

[kooba] 27/4/2022 10:12

CalChip Connect and Federated Wireless Announce Strategic Partnership to deliver Private 5G Enabled Smart Warehouse Solutionshttps://www.globenewswire.com/news-release/2022/04/25/2428221/0/en/CalChip-Connect-and-Federated-Wireless-Announce-Strategic-Partnership-to-deliver-Private-5G-Enabled-Smart-Warehouse-Solutions.html

[davesailing] 27/4/2022 08:04

Shares expected to move up today....

[bobonumber1] 21/4/2022 21:23

Understood !

[kooba] 21/4/2022 17:51

No its because they are in a formal sale process and under takeover code rules of disclosure.Any person who is interested in 1% or more of any class of relevant securities of an offeree or offeror company must disclose any dealings and positions in any relevant securities of the offeree or offeror company, even if their interest in the relevant securities of the company dealt in is less than 1%.The formal process announced has triggered this and it will be ongoing during the process...forgotten time scales but 3 months or until process is closed rings a distant bell.