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Share Name Share Symbol Market Type Share ISIN Share Description
Alphawave Ip Group Plc LSE:AWE London Ordinary Share GB00BNDRMJ14 ORD GBP0.01
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -2.00 -1.23% 160.00 159.40 160.60 169.20 156.80 161.20 1,080,507 16:35:17
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Technology Hardware & Equipment 89.9 23.1 1.5 106.0 1,064

Alphawave Ip Share Discussion Threads

Showing 401 to 420 of 1175 messages
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DateSubjectAuthorDiscuss
29/9/2021
09:06
Still believe that this will do well - but am not going to compete with hedgie with a 1m + share short pos.
scepticalinvestor
29/9/2021
09:03
nah sold at 383 and 380 a few days ago. Kicking myself for not dumping at the recent high of 415 odd but anticipated a further move following the recent update..Until this is cleared of the damn shorters or drops to ridiculous levels again, I will remain on the sidelines.
scepticalinvestor
29/9/2021
08:56
Ha, that's odd - I was just looking at the trades this morning on the 7% drop and saw 3 x 10k sells from 8.41 to 8.47 and wondered if that was SI closing their position. You sure you got 380 a share and not 344? ;) As soon as volume drops off the shorts pounce. My suspicion is that they'll wait for bad news re. China (specifically the £12m payment for Y1) to be RNS'd and then start to close on the resultant fall. I think it's possible this sees £2 before £5 given the size of their positions & the illiquid nature of the share.
74tom
29/9/2021
08:49
Closed my position here in the 380s..Will wait until the shorters start closing or the share price heads below the 3s again.
scepticalinvestor
25/9/2021
09:36
The webcast for their results were enlightening and gave some great colour to the numbers. I hold faith that they work with the vast majority of the companies/foundries in this space and they have the best IP in the world and lead the charge in chiplets and 4nm. CFO said order book is pretty much guaranteed revenue/non cancellable etc. Put that together at, what will be very high margins, and this will fly
mysteronz
23/9/2021
16:25
"@rmillaree, thanks for the response. At the end of the day, whatever reply I got from IR wouldn't have counteracted the unease I have at two hedge funds increasing their positions with such aggression.2 My point / hope was that it would have been interesting to find out their response for future reference. Nothing to stop one asking the question 10 seconds before you sell your shares if you know what i mean. I am generally neutral ref short interests as sometimes they are right and sometimes wrong (Tesla?) how that impacts on short term price now - it is what it is. Gone are the days when shorters tended to get automatic great result in their favour. On the flipside Blackrock have large holding and i am presuming they are anything but mugs. If they (Carmigna) have previously only gone short Aston Martin then it may simply be a sensible gamble on their poart that share is overvalued rather than any inside info that its dodgy stuff. at the end of the day this looks a great business if the revenue growth being predicted is real and can be sustained. sometimes the lack of market belief (tesla) doesnt mean that the company wont actually deliver what they promise. For now i remain on the sidelines but may get tempted to dip my toe in the water here at some stage - still collating info though before i make any final decisions in that regard.
rmillaree
23/9/2021
15:51
@rmillaree, thanks for the response. At the end of the day, whatever reply I got from IR wouldn't have counteracted the unease I have at two hedge funds increasing their positions with such aggression. I agree that the company have given fair warning of the China risks in both the admission doc & their recent comms, however I still don't accept that they should have reported the $190m booking figure in June without quantifying that 75% of it was related to Verisilicon & CPP. The CPP income in particular should be split out and quantified in an RNS given that it is a JV. For what it's worth, I did some more digging on Carmignac and the only comparable short position they have taken in recent years was on Aston Martin at just over £50m. They were short 1.2% in the months after IPO in late 2018 and closed in April 2020 for an ~80% profit. Have they used the profit from AML to go after AWE and in the process dug themselves a hole? All will be revealed in the next 12-18 months!
74tom
23/9/2021
15:00
74tom excellent post - had you though about firing off these specific questions to investor relations before you clicked the sell button. It seems that these are reasonable requests for info and sometimes the transparency of what you get back as a response can give an indication of how fully frank and honest the company are being ref "revenue recognition". Note to be semi fair to the company there is a plain sight warning in the interms (which is wahy i posted my thoughts in that regard). To me its fairly plain that there is an element of uncertainty here and again to be fair to the company you probably can't get any certainty in advance (other than receiving cash payments up front) as to whats up. as you say though clear and honest reporting/comunicating from the company massively helps in that regard. per interims Risks associated CPP is central to our strategy to monetise our with our China IP in China and we will be a significant minority Product Partnership shareholder. We may be limited in our ability to influence strategy, operational, commercial or financial matters, including protection of our IP. The Group and CPP may also face regulatory risk in terms of transfer of technology into China. There is a risk that the bookings from CPP do not translate into revenues and our equity investment diminishes in value. CPP is a new venture and if it does not effectively execute on its business plan, we may be negatively impacted.
rmillaree
23/9/2021
14:53
a little on the simplistic side - but good luck to you!
scepticalinvestor
23/9/2021
13:57
Just seen the increased short positions, as I said on Tuesday, either the price would head back down if the shorters continued building their position or it would explode if they started to close...clearly it's the former. I think the positions have now become too large to dismiss as valuation based. And you wouldn't get sign off to increase a short if the target co upgrades guidance and your whole hypothesis was build on a heavy price to sales ratio. After some reflection, for me it seems fairly obvious that the only reason they can be so confident in their positions is AWE's Chinese operations & the risk to both future revenue recognition & IP that they bring. Reluctantly, I think they have a point. In the May trading update, no mention was made that $147.8m of the $190m H1 bookings were from China. Indeed, you also had to scroll beyond the main body of Tuesday's interims to discover this fact. This should have been in the headline text IMO. The admission doc provides clarity on the CPP that was omitted from the interims; "The SLA provides for payment of a subscription fee and royalty fees by the Product Partnership Company under the SLA. The subscription fee of USD $109 million is payable over the Subscription Period as follows: • first year: USD $12 million payable 30 days after the establishment of the Product Partnership Company, and USD $12 million payable 30 days after the deliverables relating to the IP Cores have been made available to the Product Partnership Company; • second and third years: USD $24 million per year, payable quarterly; and • fourth and fifth years: USD $18.5 million per year, payable quarterly." If I was an analyst on the call I'd have asked the following questions; 1. As per the admission doc, the total of the Verisilicon ($54m) and CPP ($109m) agreements was $163m. Given both agreements have now been signed, why has only $147.8m been reported as 'bookings'? 2. Has the $12m that was due from the CPP within 30 days of the product partnership company been received post period? If not, is this due to the fact the company hasn't been setup or because they haven't got round to paying it yet? As the deal was signed 3 months ago I'd be concerned were this not to be received before year end. The simple fact is this; when reported revenues are just $27m, a $12m fee from China is material. As such, disclosure should be clear and obvious. When disclosure isn't provided, what are we supposed to assume? Given these doubts, I've sold my holding and will watch with interest to see what happens here. If China comes through then a short squeeze will surely occur. If it doesn't then look out below. The next earnings call will certainly be less chummy if they still haven't recognised anything from CPP / Verisicon. A potentially brilliant company, however for now it is too hard to call.
74tom
23/9/2021
12:58
Well done best of luck
jtdk
23/9/2021
12:38
thankfully i am in substantial profit but wont be selling for less than 480+
scepticalinvestor
23/9/2021
12:27
I am underwater at this moment in time but prepared to hold my breath for as long as it takes good luck everyone
jtdk
23/9/2021
12:20
Patience is the key
jtdk
23/9/2021
11:45
either way, pretty silly to sell. Just need some patience now.
scepticalinvestor
23/9/2021
11:38
hTTps://www.wsj.com/articles/china-makes-preparations-for-evergrandes-demise-11632391852
fuji99
23/9/2021
11:33
My belief is much of the shorting is based on low current-year and next year revenues and a possible market unwillingness to recognise revenue bookings -being just too far out. I rather think this was the early ARM story but did it turn! !
gregmorg
23/9/2021
11:26
The china forecasts havent been counted in the latest interims
scepticalinvestor
23/9/2021
11:14
I did have a look at the company and perhaps the hope for shorters is that the plans for the company to give away all their IP on tick to Chinese customers (and others) in the hope this will turn into cash later may backfire - in the short term until these plans turn into real cashflow there must be scope for skeptics to simply say "we simply don;lt believe the promised land is real" and to be fair company themselves have cleared flagged up the risks in this regard. I am tempted to take a pount here but must admit with anything china related i am not sure i take anything for granted. I would say the news seems to be positive enough for one to take the viewpoint it all looks reasonably good ignoring china completely ? not sure axcatly what china related splits are expected to be.
rmillaree
23/9/2021
10:54
Shall we say for want of another word understanding brokers
jtdk
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