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 Shares Traded Last Trade
  0.00 0.0% 41.00 55,542 13:16:55
Bid Price Offer Price High Price Low Price Open Price
39.85 41.45
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
General Financial 5.56 46.75 16.00 2.6 98
Last Trade Time Trade Type Trade Size Trade Price Currency
13:21:45 O 100 39.85 GBX

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Date Time Title Posts
22/10/202023:00ALLIED MINDS2,321
25/7/201618:23new thread: is ALM worth a punt now?602
29/5/201008:30Alphameric another tech shit rubbish share44
25/3/201009:13ALM: Is EVERYONE jumping ship???21

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Allied Minds Daily Update: Allied Minds Plc is listed in the General Financial sector of the London Stock Exchange with ticker ALM. The last closing price for Allied Minds was 41p.
Allied Minds Plc has a 4 week average price of 35.40p and a 12 week average price of 31p.
The 1 year high share price is 58p while the 1 year low share price is currently 19.74p.
There are currently 239,496,156 shares in issue and the average daily traded volume is 788,529 shares. The market capitalisation of Allied Minds Plc is £98,193,423.96.
bobonumber1: It is time for action really. The three or maybe four top subs need to be floated on the nasdaq. There should be a distribution to shareholders of the shares in each of the three companies at a valuation compatible with the current ALM reserves.These 3/4 companies already have competent management and if and when they float they could raise money to finance the next stage of their development. The plan would be to float 3 exciting, well funded, revenue producing technology companies. The share price has actually declined since Amber became the majority shareholder. I hope they do not have another agenda, otherwise they appear to be an inactive activist. The other subs can be sold off and the proceeds given back to shareholders.
kooba: I believe they failed to adjust their Nav per share following the special dividend ex end January ,12.6p paid Feb or they double counted the Hawkeye360 asset and proceeds either way the shares adjusted for the special dividend but their NAV estimate didn't until now so last few notes have materially mis-represented asset value and share price discount.You would have hoped that ALM having paid for the research might bother fact checking it!
swinsco: Full text taken from LSE (snaffle)Interim results from Allied Minds (ALM:38.5p), a Boston-based intellectual property (IP) commercialisation company focused on investing in early-stage companies with disruptive technologies, highlight just why I suggested buying the shares, at 38.5p ('Exploit Allied Minds' huge margin of safety', 30 July 2020).The company is a classic Ben Graham recovery play, having fallen out of favour under previous management, but is now in the hands of a new board who are mandated to monetise the portfolio and return cash to shareholders. It has some exciting investments that have attracted the interest of heavyweight technology investors in recent funding rounds, too. However, this is not being priced in as $214m (68p a share) of investments held in six unlisted technology companies, and a further $29.2m (9.3p) of cash (adjusted for post period end follow-on investments), are worth double the current share price.The largest investment is in Federal Wireless, a 42 per cent shareholding with a read-through valuation of $92m (29p) based on the last funding round in April (see below). Founded in 2012, Federated Wireless operates at the cutting edge of shared spectrum Citizens Broadband Radio System (CBRS) technology, which supports the explosive growth of wireless data. The company has already delivered the industry's first 4G/5G private wireless solution, Connectivity-as-a-Service (CaaS), a low-cost subscription, high-performance secure private wireless network delivered from the cloud. 4G/5G secure private networks are a must to connect everything from robots, cameras, signage and machinery to virtual reality applications.Federated Wireless's cloud ecosystem now has more than 40 device manufacturers and computer edge partners, thus opening up access to a plethora of Internet of Things (IoT) and other applications. Earlier this year, the company announced a new CaaS offering that enables US enterprises to buy and deploy private 4G/5G networks with a single click through Amazon Web Services (AWS) and Microsoft Azure marketplaces.In April 2020, Federated Wireless raised $13.7m in additional Series C funding to accelerate the expansion and adoption of its partnerships with Amazon and Microsoft. The proceeds will also enable expansion into the 6 GHz band for 5G services, thus providing a new path to 1,000 MHz of spectrum for private wireless networks.It's easy to see why Federated Wireless has attracted the backing of heavyweight investors including GIC, Singapore's sovereign wealth fund, as it is building a significant recurring revenue base from its scalable cloud enterprise solution. All the signs point to a highly profitable realisation for Allied Minds in due course. It's not the only one, either.
spectoacc: Think both Spin & Federated are in various ex-Woodford funds too, so should be some pressure (beyond CRS) for successful exits. Trade sale easiest but got to fancy float when Nasdaq so strong. Probably nothing imminent for Spin when fundraising so recent. But a lot of leeway in ALM price even if nothing gains a penny from last NAV calc (done, it should be said, not by ALM themselves, tho presumably with a nod & a wink).
wnd78: ALM Federated Wireless stake post money = $88m Current issues share capital of ALM = 241,568,306 Value per share = 36.4c Value per share GBX = 29.3p (fluctuates with exchange rate obviously) Regarding cash, I estimate that ALM currently holds around $45m which takes previously disclosed cash, adds the amount they kept from the Hawkeye sale, subtracts the investments made since then (including Federated), subtracts a bit for head office burn. This means current cash per share = 18.6c or 15p So Federated stake + ALM Cash at hand = 44p Then you have Bridgesat (8p / share valuation of ALM holding at last round) and Spin Memory (19p / share valuation of ALM holding at last round) Then you have a few others that are tiny / early stage and probably worthless Add this up and IF they can sell these businesses in future for at least the valuation of the last round, then you have around 70p / share. That of course is the big IF....
wnd78: Some very fundamental misunderstandings here of the difference in mechanics between investing in a company for new share issuances vs buying/selling existing shares. Imagine the following scenario. I have a company with technology that is worth £100 (my enterprise value) and £10 in my company bank account. My company is therefore valued at £110. You decide to invest in my company, and you invest £55 in return for new shares (note, you didn’t BUY the shares from someone else, the company issued you new shares so the company receives your £55). Do you get 50% of the company? No, you don’t. Why? Because after your investment of £55, my company is now worth £165 (£100 enterprise value plus £65 cash in it’s account, or to put it another way a pre-money valuation of £110 and a post-money valuation of £165). You actually get new shares equal to £55/£165 = 33% of the company. If we sell it tomorrow for the same post money valuation, you get your investment back. Now turning to Federated, we have all the numbers we need to work this out: ALM previously diluted holding = 35.8% ALM new diluted holding = 36.61% Amount invested in total = 13.7m ALM share of that amount = 50% So, quick maths lesson: Let N = pre-money valuation at this latest round Then the new shares issued are worth 13.7 / (N + 13.7) as a percentage of the enlarged share capital of the company. Let’s call this V. This means that ALMs new shareholding is: 35.8% * (1 - V) [dilution of existing shareholding] + V/2 [new shares] = 36.61% Solving for V, we have V = (36.61% - 35.8%) / 14.2% = 5.7% Then solving for N, we have N = 13.7m/5.7% - 13.7m = £226.7m So the pre-money valuation was £226.7m (up about 13% on last rounds post-money), post money valuation is £240.4m (£226.7 + new money of £13.7m) and thus ALM’s stake is currently valued at £240.4 * 36.61% = £88m or 28p per share of ALM.
spectoacc: In answer: 1. The former Woody holding in ALM was down to about 2% - isn't clear if they've sold it yet as may not have to report it below 3% 2. Invesco seem to be selling down many of their smaller holdings, and as you say, at this level they're seemingly unfussed at the price as long as it's near enough "market" 3. I expect the ALM share price to fall by less than the divi - but still fall by much of it. Based on discount. 4. I woke up in the night and realised - Simon Thompson is going to be all over ALM when he finally spots it. He had LEAF, he had CRS until moving to sell. Can't stand him, but he'll get round to spotting ALM and tip it big. Am convinced of it. Can all his acolytes move the price? Not much, not with Invesco selling, but eg 250 buyers won't do share price any harm. Edit - thanks @flyfisher, noted re write-offs, but the change to the Phantom Plan should have increased NAV. Also remembered CRS's original proposal to ALM: "Crystal Amber suggests it could cut the annual costs of running Allied Minds by 70%. The fund also said that if it can sell Allied Minds' investments for more than 80 pence a share, it would take a 10% performance fee on any excess. " Hope it's a good sign that they were willing to take 10% over 80p originally.
geordieshores: Thought the price would have increased more today. Some people might be waiting closer to the 24th to see if the price drops, but the risk you take waiting is that the price might increase before the 24th so it will be more expensive to get in.Something else that could affect the price of course the dividend. Dividends can be a complex subject. Sometimes on the ex dividend date the share price drops by roughly the amount of the dividend.QUESTION: imagine the price stays the same eg 52p. Will it drop to 40p after the payment of the 12.65p dividend to reflect the price of the dividend as often happens with other shares that pay a dividend.This ALM dividend is classed as a special dividend, so maybe the share price will stay roughly the same after the dividend has been paid?Does anyone have any other views or opinions on what they think might happen?12.65p as a percentage of 52p is almost a 25% yield. And because it's a special dividend, I can't see the share price falling by 25% after its been paid. In fact, Allied Minds are due to release more news to the market soon (see recent RNS about tie up with Boeing) which means the share price might actually increase without the news of the special dividend.
spectoacc: Strange, CRS buying all these shares, yet doing absolutely nothing about it. If they were, there surely wouldn't have been the director buy. No reply from CRS or ALM IR's. Edit - and not sure what happens to ALM share price when CRS run out of money. Their recent record doesn't inspire (to say the least), but selling bits of other holdings to buy more ALM seems a good sign, and I've added again.
ragnarr: Chrystal Amber Asset update 16th Oct - last paragraph important bit.Allied MindsOn 6 August 2019, HawkEye 360, one of Allied Minds' top-four portfolio companies, announced it had raised US$70 million at a valuation more than double its September 2018 round. The Fund believes that this fundraising added at least 8p to Allied Minds' net asset value per share, after accruing for the Phantom Plan.On 24 September 2019, Allied Minds announced the sale of its stake in HawkEye 360 for US$65.6m, which represents the first successful exit in the 13 years since the company commenced investing. Disappointingly, the sale reduced net asset value per share by about 3p, as it was discounted by more than 13% from the valuation of the fundraising agreed one month earlier. Furthermore, despite having ceased all new company investment activity, Allied Minds' management proposes to return only half of the proceeds to shareholders. Astonishingly, the sale will trigger a cash payout of almost US$5m out of the remaining proceeds to current and former executives of Allied Minds under the Phantom Plan, despite its shareholders having suffered a drop of around 90% in the share price over the four years since it first invested in HawkEye 360.On 4 September 2019, Federated Wireless, another of the top-four portfolio companies, announced it had raised US$51 million at a valuation more than 20% higher than its September 2017 round, adding around 3.5p to Allied Minds' net asset value per share. Federated Wireless received regulatory approval for its Initial Commercial Deployment on 16 September, allowing it to launch its Citizens Broadband Radio Service (CBRS) offering and begin to generate meaningful revenues.Notwithstanding the recent news regarding HawkEye 360 and Federated Wireless, the Fund notes that the share price of Allied Minds continues to trade at a very material discount to its estimated net asset value. Following the closure of Precision Biopsy (a company that received at least $26m of funding from Allied Minds) and the disposal of HawkEye 360, the portfolio will consist of only seven investments, one of which has already been written to zero. This makes it all the more difficult to comprehend the increase in the company's guidance for ongoing HQ cash operating costs (which excludes other costs such as severance, share-based payments and Phantom Plan payouts) from US$5-6m as announced on 26 April 2019, to US$7.5m as stated on 26 September 2019.Over the quarter, Allied Minds' share price fell by 27.9%. The Fund believes that the scale of the share price discount has still not been addressed by the board of Allied Minds and therefore intends to take appropriate action.
Allied Minds share price data is direct from the London Stock Exchange
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