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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Alphawave Ip Group Plc | AWE | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 2.20 | 1.91% | 117.60 | 16:35:19 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 115.40 | 111.00 | 116.20 | 117.60 | 115.40 |
| Industry Sector |
|---|
| TECHNOLOGY HARDWARE & EQUIPMENT |
| Top Posts |
|---|
Posted at 21/3/2024 10:21 by dividevil In a way AWE already benefit from this chips act through their partners. It was something I queried with investor relations. |
Posted at 21/3/2024 07:39 by takeiteasy Good point and if we stay at these low levels, investors need to call for a move to Nasdaq.When I mentioned this on advfn once before I was met with a chorus of disapproval for all those firms that have moved without the share price rating success they were hoping for.... |
Posted at 02/10/2023 18:51 by f56 Follow sceptical investor. In this case it makes sense! |
Posted at 25/9/2023 21:37 by valhamos The investor presentation and webcast is now on the website.Also on the blog page on the website is a very informative interview with the CTO Tony Chan Carusone talking about connectivity solutions for AI hardware - as per today's announcement 77% of Licence and NRE bookings are in advanced nodes with 90% of that related to AI/HPC (High Performance Computing). Only Marvell is competing with Alphawave in this area. |
Posted at 25/9/2023 08:09 by mortal1ty If I was a institutional investor I wouldn't go near this with my clients money. That's the problem. Accounts messy. New CFO. Capitalised costs. contract accounting. Single larger resellers. Huge China exposure. I mean its uninvestable almost. |
Posted at 25/9/2023 07:49 by dividevil Sceptical Investor, A bit odd of you to perceive a $15.3 million profit after tax as a loss. Of course there is an increase in debt. That's what the debt facility is there for. A lot of the cash is going back into the R&D and in particular for the development of the connectivity products due to come to the market in 2024. The H1 results also state an increase in profitability for H2. |
Posted at 24/8/2023 20:58 by valhamos "The market can drive a person to madness" The prevention is not to be concerned about short term share price movements."it ...can stay irrational.." which is where rational investors make money. If you were kicking yourself for not adding yesterday morning, then you must delighted to have had another opportunity this afternoon? |
Posted at 05/7/2023 16:33 by dividevil So in that 52 minutes I just listened to, Tony was given the opportunity to wrap up... and here's a rough transcript (copied from the site) of what he says:"It's not often I get to wrap up with that type of platform. Simply put, we will be the next great semiconductor company. Like a Broadcom or Marvell. And how are we going to get there? For the first decade, we'll be focused on connectivity. Beyond that we'll continue to expand. We're an engineering first company. And no one has ever challenged our technology and our technology leadership. The shorts and everyone else have tried throwing rocks at us have been on the peripheral, but never at the technology. That's because I'm an engineer by trade. All of the leadership team, or the vast majority of the leadership team are engineers. And if technology leadership is critical to our success, that means our engineers are just as critical because they're the ones building the tech. So we know who are customers are and we focus on them. Our engineers drive innovation, and my job as CEO is to set that north star and everytime I get with my people I remind them to not look at the day-to-day stock price, but to focus on building the next great semiconductor company of the industry. Follow the plan and success and ultimately the share price will reflect our success. And so I'm super excited to be where I am today. This has always been the goal, but to see the goal beginning to materialize and getting to scale is rewarding. But look I'm a young guy. I'm still in the middle of my 40s. I have a lot of energy and vigor left, and I'm going to use all of that energy and vigor to push this organization higher. I hope the innovation and passion has come across in this conversation. And from my perspective, we’re a steal today. I hope shareholders listening today know that I am the number 2 shareholder in the company behind the Sutardja family. I’m aligned with my shareholders. Every decision that's made by myself and my other C level executives are made with the same objective. And it’s not to drive share price in the next 24 hours, but to build a long-term and sustainable business." Whenever I've listened to Tony in the investor calls, presentations, videos and whatever, I've always been struck by his passion. He believes his company will be the next great semi-conductor company. Of course anyone investing wants to hear that, and I like to think I'm cautious, yet this is something where he's got me believing he will achieve his ambitions. Although he and his team have a big success rate in selling their previous companies at profit, Alphawave is the culmination of Tony’s life work and therefore is a company that Tony intends on holding on to for quite some time. He seems absolutely intent on making Alphawave at least as big as Marvell. So with any luck, if you've invested here for the long term, there's a good probability you're going to do extremely well out of it. Admittedly, the last segment of the talk was a little bit of put off, as Doug asks about why Tony can't buy back shares in the company. And I'm thinking, please I don't won't the management to own more of the company than they already do. The management already own nearly 60% of the company. The last thing I want as a shareholder is for the company to be bought out by their own management. It would be a blue sky dream come true to see my investment in Alphawave reach the point where the company matures into a Marvell sized business with a Marvell sized share price! |
Posted at 23/5/2023 09:13 by dividevil f56,Yes, where they currently have more than half their revenue and bearing in mind adjustments after losses by the WiseWave joint venture / Verisilicon agreement, and not withstanding Alphawave’s contractual commitment to invest up to $170million, then also yes, an amortization of sorts. There will however always be some revenue from China. With the strong growth expected in data centres, cloud computing, AI and 5G etc., they’ll do just fine. Otherwise, they wouldn’t have reiterated revenue outlooks of $340 to $360m for 2023, $500m for 2025 and long term $1billion by 2027. From the Chairman’s Statement: Since the Group launched its China go-to-market strategy in 2017, the geopolitical and macroeconomic situation has also had an impact on our industry. This has resulted in significant changes to the semiconductor industry. In 2022, in recognition of these external changes, the Group announced two major simplifications to its China strategy. First, Wise Road Capital significantly reduced its ownership of Alphawave Semi shares and sold its investment to large western institutional funds. This means that the Company no longer has significant investments from any Chinese institutional investors. Second, we announced that we would make very little, if any, investment in WiseWave (formerly called the China Product Partnership) and that the Company would seek to sell its equity stake in WiseWave over the next two years. With these changes to the Group’s goto-market strategy in China, we will continue to execute against the market opportunities in China in a simplified way that respects the evolving geopolitical and macroeconomic environment. From the CEO’s Q&A section of the report: Q. How do you see business in China evolving over time? In 2022, revenue from China was US$105m or 57% of the total. The increase in revenue from China was mainly driven by the multi-year contracts with WiseWave and VeriSilicon and the custom silicon revenue contribution from the acquisition of OpenFive. We expect a decline in revenue from China over the longer term, which will be mainly offset by revenue from North American customers. China is an important market for the semiconductor industry and, like many other companies, we seek to establish long term commercial relationships with Chinese customers. The Group will continue to comply with all applicable rules and regulations to ensure we can create sustainable customer relationships in all geographies. In the CEO’s section on Revenues, he writes: – In addition to WiseWave and VeriSilicon, the contribution in 2022 from China (57%) was driven by significant outperformance of custom silicon products in the region. Absent this, our regional mix was comparable to 2021. Over the long term, as the silicon product revenues ramp with hyperscalers and other large, predominantly North American customers, we expect the mix of China revenues to gradually decrease to 10% of sales or lower. North American revenues grew 36% from US$37.6m in 2021 to US$51.4m in 2022, and APAC (excluding China) revenues grew 84% from US$9.2m in 2021 to US$17.0m in 2022. We also saw our first revenues from EMEA of US$12.3m in 2022, largely driven by our IP licensing business. And later on: In 2022, we also made further equity investments into WiseWave totalling US$9.1m, with Wise Road Capital contributing US$12.3m. As disclosed in our IPO Prospectus, Alphawave IP has committed to invest up to US$170m in total into WiseWave, although our expectation is that any future investment will be limited and we will seek to realise our equity stake in the medium term. In Section 32 on Capital commitments: The Group has contractually committed to investing up to US$170 million in WiseWave and as at 31 December 2022 has invested US$31.42 million (2021: US$22.4 million). WiseWave does not currently anticipate requiring the maximum committed amount and is likely to undertake an external financing round in the medium term. Beyond a potential small internal financing round ahead of any external capital raise, the Group does not intend to make significant further capital contributions to WiseWave. The amount of US$170 million remains a contractually committed amount, but it is unlikely that the maximum amount of investment will be required. |
Posted at 26/10/2022 20:41 by rambutan2 Courtesy of Mr Biden:Proposed Secondary Placing of approximately 32 million ordinary shares in Alphawave IP Group plc 26(th) October 2022 Wise Road Alpha Investment Fund I, L.P. and SMART Growth Fund, L.P. each acting through the general partner of the respective partnerships ("Wise Road", or the "Sellers") announces their intention to sell up to 31,719,187 ordinary shares (the "Placing Shares") in the share capital of Alphawave IP Group plc ("Alphawave IP"), through a placing to institutional investors (the "Placing"). The Placing Shares represent approximately 4.6% of Alphawave IP's issued share capital. Given the evolving geopolitical environment, and given the recent closing of Alphawave IP's OpenFive acquisition, the Sellers believe the it is the right course of action to exit their Alphawave IP shareholding. Following completion of the Placing, Wise Road will hold 13,778,093 ordinary shares in the Company, representing approximately 2.0% of the Company's issued share capital. It is intended that these residual shares will be distributed to certain investors in the Sellers' Funds who wish to retain a residual stake in Alphawave IP and benefit from their ongoing ownership. The remaining Alphawave IP ordinary shares held by Wise Road and their investors following the placing will be subject to a 90-day lock-up, subject to customary exceptions. The price per Placing Share will be determined by way of an accelerated bookbuilding process to institutional investors. The bookbuilding period will commence immediately following this announcement and may close at any time on short notice. The results of the Placing, including the number of Placing Shares to be sold and the price per Placing Share, will be announced as soon as practicable after the closing of the bookbuilding process. Barclays Bank PLC ("Barclays") is acting as Sole Global Coordinator and Sole Bookrunner in connection with the Placing. Alphawave IP will not receive any proceeds from the Placing. |
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