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
  0.625 2.46% 26.00 203,177 12:56:40
Bid Price Offer Price High Price Low Price Open Price
25.00 26.00 26.00 25.00 26.00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
General Financial 5.56 46.75 16.00 1.6 62
Last Trade Time Trade Type Trade Size Trade Price Currency
12:56:40 AT 6,000 26.00 GBX

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Date Time Title Posts
07/4/202015:33ALLIED MINDS2,124
25/7/201619:23new thread: is ALM worth a punt now?602
04/12/201415:02ALM3,214
29/5/201009:30Alphameric another tech shit rubbish share44
25/3/201009:13ALM: Is EVERYONE jumping ship???21

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Allied Minds (ALM) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
11:56:4026.006,0001,560.00AT
11:07:4725.755,6001,442.00AT
11:02:5325.507,7801,983.90O
10:57:2026.002,000520.00AT
10:55:1425.0010,3242,581.00AT
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Allied Minds (ALM) Top Chat Posts

DateSubject
08/4/2020
09:20
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 25.38p.
Allied Minds Plc has a 4 week average price of 19.74p and a 12 week average price of 19.74p.
The 1 year high share price is 88.70p 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 291,292 shares. The market capitalisation of Allied Minds Plc is £61,670,260.17.
16/1/2020
22:39
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.
21/11/2019
07:50
kooba: 21 November 2019CRYSTAL AMBER FUND LIMITED("Crystal Amber Fund" or the "Fund")Crystal Amber Fund requisitions General Meeting of Allied Minds plc:Proposes to remove four directors and appoint two new directorsCrystal Amber Fund, the activist investment fund, announces that it has sent to the board of Allied Minds plc ("Allied Minds") a requisition notice requiring Allied Minds to convene a general meeting at which resolutions will be proposed to remove Jeffrey Rohr, Fritz Foley, Joseph Pignato and Michael Turner from the board, and to appoint Mark Lerdal and Stephen Coe to the board as non-executive directors. The Fund expects that the proposed board will be more effective at minimising ongoing costs and maximising distributions to shareholders from the orderly realisation of Allied Minds' remaining investments. The proposed removal of Allied Minds' executive directors from the board does not preclude their continued employment as executives.Since becoming a shareholder in Allied Minds in November 2018, the Fund has engaged extensively with its management. Despite some necessary and long overdue changes, the Fund has concluded that the board of Allied Minds is still not acting in the best interests of its shareholders. This is evidenced by the annual ongoing headquarter ("HQ") cash cost guidance from Allied Minds, which has recently been increased to US$7.5 million. The Fund estimates that US$67 million of Allied Minds' current market capitalisation is attributable to its non-cash net assets (i.e. after deducting parent-level cash, which the Fund estimates to be approximately US$88 million). The annual ongoing HQ cash costs represent more than 11% of this value. In addition to this, Allied Minds this month awarded a US$4.9 million cash pay-out to current and ex-employees, despite cumulative operating losses since its 2014 IPO now exceeding $460 million.The Fund believes that it now has no alternative but to requisition a general meeting of Allied Minds in order to address the issues identified:Excessive ongoing HQ costs and misaligned incentive arrangementsInsufficient prioritisation of excess cash redistribution to shareholdersInability to redress the longstanding significant discount of the share price compared to the Net Asset Value ("NAV") per share, which now stands at over 40% despite the carrying value of the portfolio having been verified by substantial third-party fundingRichard Bernstein, investment adviser to Crystal Amber Fund, said: "In the 11 years since the Fund was established, this is only the third time that we have felt compelled to requisition a general meeting of an investee company to change its board composition. The Fund hopes that, as has occurred on the previous two occasions when the Fund felt forced to requisition a general meeting of a company, the current board of Allied Minds will accept the Fund's proposals without delay and without having to call a general meeting. Mark Lerdal has an excellent track record of delivering for shareholders in a not dissimilar situation at Leaf Clean Energy. We are confident that he can do the same for the shareholders of Allied Minds."Allied Minds' track record:Listed on the London Stock Exchange in 2014 at a valuation of £405m and raised a further £64m via a placing in 2016. To date Allied Minds has paid zero cash to shareholders and its market capitalisation is now around £120mReported total consolidated operating losses of around US$590m from 2011 to mid-2019, of which approximately US$465m since it listed in 2014Invested in over 40 companies but has achieved only a single successful exit. Following many write-offs and closures, only six holdings are now deemed to have any value, of which three plus cash at the holding company now account for around 95% of the total NAVDespite having committed not to make further investments in new businesses, Allied Minds operates with ongoing HQ cash costs of US$7.5m per annum, an increase from its guidance of US$5-6m announced in April 2019Maintains misaligned management incentive schemes, including:The "Phantom Plan" that pays out 10% of any gains on individual holdings, irrespective of losses incurred across the investment portfolio as a wholeAnnual bonuses (worth up to 225% of salary) that are determined independent of shareholder returns and the performance of the portfolio, e.g. US$576,000 CEO bonus paid in respect of 2018 despite a share price fall of 57.5% that yearA golden parachute scheme that would pay out upon a takeover of Allied MindsRedistributing to shareholders only half of the proceeds from the disposal of Allied Minds' stake in HawkEye 360, despite the sale triggering a Phantom Plan pay-out of up to $4.9m to current and former management. This will leave Allied Minds with a parent-level cash balance of around US$55mCrystal Amber Fund's engagement with Allied Minds:Commenced investment in Allied Minds in November 2018, having analysed the company over the preceding year, and now owns 16.8% of Allied Minds' total issued share capitalExpressed concerns regarding the urgent need to realign the excessive HQ cost base, the unprecedented and wholly unacceptable Phantom Plan, and the granting of long-term incentive shares that had cost around US$3.9m during the first half of 2018Met with then-CEO, Jill Smith, along with the CEO of portfolio company Federated Wireless, in February 2019The Fund subsequently conveyed its views that, despite a guided reduction of over 40% in ongoing HQ cash costs, these would still be hugely excessive at around US$13m per annum, and also that the portfolio companies SciFluor and Precision Biopsy were likely to be significantly overvalued. Since then, both of these portfolio companies have been written to zero, taking around US$115m off Allied Minds' NAVMet with co-CEOs, Joe Pignato and Mike Turner, in August 2019 and reiterated our views that the Phantom Plan represents a major misalignment between management and shareholdersThe Fund was disappointed that, despite being one of Allied Minds' largest shareholders, it was excluded from Allied Minds' consultation with shareholders regarding preferred quantum of immediate cash distribution following the HawkEye 360 disposalTrack record of Mark Lerdal and Stephen Coe:Mr Lerdal and Mr Coe have both been directors of UK-listed company Leaf Clean Energy Co ("Leaf") since 1 April 2014: Mr Lerdal as executive Chairman and Mr Coe as a non-executive directorLeaf was a failed investment company that had focused primarily on US-based private-market opportunities, similar to Allied MindsIn the financial year that ended shortly after the appointment of Mr Lerdal and Mr Coe, Leaf's administrative expenses were US$5.4m. These costs were halved in the following year and have been reduced in each subsequent year, down to a level of US$1.4m in FY2018After formally adopting an orderly realisation and redistribution strategy, Leaf's investments were then monetised over the subsequent five and a half years – a process that was prolonged by a very protracted legal dispute relating to its largest investment, which was finally resolved in Leaf's favour in mid-2019Prior to the appointment of Mr Lerdal and Mr Coe in 2014, Leaf's shares traded at a substantial discount to its NAV. Since then, Leaf has to date returned a total of US$128m cash to its shareholders, an impressive cash realisation of over 100% of the rebased $116m NAV as of 30 June 2014, after all holding company costsMr Lerdal is currently executive Chairman of Leaf Clean Energy Co and a non-executive director of three private companies.Mr Coe is currently a non-executive director of Leaf Clean Energy Co, Weiss Korea Opportunity Fund Ltd and various private companies.For further enquiries please contact:Crystal Amber Fund Limited Christopher Waldron (Chairman) Tel: 01481 742 742
19/11/2019
15:47
alasdair100new: So the shareholders can get a return for their investment. To prove to other potentials that this share can make you money through dividends and share price returns. A share buy back? I couldn't think of anything worse for the private investor in this share. Has to be a cash pay out. The more the better!
19/11/2019
12:30
alasdair100new: They don't reply. They are truly arrogant imo. I'm hoping for another egm to get the full payout to shareholders after the dismal performance of the company and our share price languishing
17/10/2019
15:04
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.
13/9/2019
09:45
ragnarr: Thanks - as you say nothing new - estimates ALM NAV at 95-105 currently but growing with the exciting developments at Fed and Hawkeye - all confirming ALM is undervaluedThe only interesting statement is this The Fund believes that the scale of share price discount has not been addressed by the board of Allied Minds and therefore intends to take appropriate action. Lets see what that means !
24/7/2019
15:58
cf456: "In light of recent business developments , the #ALM price shouldn't be anywhere near here. Correction back up due. $100m In cash and equivalents at Year end. Market cap remains only £168m." hTTps://twitter.com/barondaytrading/status/1154035923631263744
24/7/2019
15:58
cf456: Yes, a load of potential newsflow in the coming weeks that could put a rocket under the share price. The board could certainly help things along with a more proactive approach.
18/7/2019
16:36
blueball: Finished up 1p big deal and a 100k buy...share price reaction in a rut.
08/7/2019
05:44
gersemi: 'Activist investor Crystal Amber has threatened to call an emergency shareholder vote on Allied Minds’ controversial bonus scheme by the end of the month.'..Daily Telegraph -- Allied Minds’ ‘free bets’ bonus scheme angers investor Activist investor Richard Bernstein of Crystal Amber is threatening to call an EGM over pay for Allied Minds bosses Credit: David Rose Tom Rees 7 July 2019 • 10:32pm An activist investor in Allied Minds has threatened to call an ­emergency shareholder vote on the tech incubator’s controversial bonus scheme by the end of the month, ­pitting two of Neil Woodford’s ­investments against each other. Crystal Amber has warned it will force an extraordinary general meeting, arguing Allied Minds’ bonuses plan amounts to “free bets” for the management team, despite a share price collapse in recent years. Richard Bernstein, who runs Crystal Amber, said he would not rule out a vote to oust the company’s new leadership who only recently took over ­following the sudden departure of its chief executive and chairman. cont under subs HTTP://www.telegraph.co.uk/business/2019/07/07/allied-minds-free-bets-bonus-schemeangers-investor/
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