Alphawave Ip Share Discussion Threads

[valhamos] 10/4/2023 10:24

There's a couple of recent pieces on TechArena both featuring Letizia Giuliano of Alphawave.

The semi industry is undergoing dramatic change with the increased use of chiplets and advanced packaging. As semiconductor technology advances, it has become increasingly challenging to produce large, monolithic processors with complex functionalities. Chiplets offer a more modular approach, where smaller functional blocks or cores can be developed independently (even from different suppliers) and then integrated into a chiplet package. This allows for the combination of different technologies optimized for specific tasks, resulting in higher performance and efficiency compared to a monolithic processor.

The story is that Alphawave is well placed to benefit from this trend with its expertise in die to die integration IP.

[trader465] 06/4/2023 11:09

150p in the run up to results on 28th?

[livewireplus] 02/4/2023 00:41

Thanks for that comprehensive report. I'll sleep well tonight ....

[dividevil] 01/4/2023 18:58

A couple of weeks ago I wrote to Jose Cano, Head of Investor Relations, raising some queries on corporate governance particularly given what had recently happened at Wandisco (not invested with them btw) in regards to bookings and revenue. I did so, just to see what kind of response I would get if any. I received a comprehensive reply the next day. The prompt reply was a tick in the box for me.

Here's my summary of his response:
- Alphawave board are committed to the highest standards of corporate governance
- They substantially expanded their governance structure last year (2022)
- They will continue to invest in their governance structure to support the growth of their business
- Their customers are leading semiconductor companies who have stringent controls and procedures around onboarding new vendors and signing of contracts.
- the revenue criteria is set out in detail in their 2021 annual report
- Reports are fully aligned to the applicable accounting standards
- Main contributing factor, in great measure, to growth in the medium to long term is their silicon business
- Accounting of the silicon business is straight forward in that bookings are translated to revenue only once the customer receives the product they ordered
- They outsource the production (i.e AWE are a fabless business) of the silicon chips to the leading foundries and consequently there is an additional layer of controls and procedures around the fabrication, assembly and testing put in place by those foundries, and this contributes to ensuring that revenue is recognised in line with the accounting standards.

I found this response quite reassuring, not that I was particularly concerned in the first place. What happened at Wandisco then seems very unlikely to ever happen at Alphawave because of the high calibre nature of the customers that Alphawave deal with. It effectively means that bookings reported have to be actual, and it is difficult to conceive of a salesman being able to go rogue and reporting false bookings given the nature of customer. It gives me confidence that their financial reports will be a true reflection of their business rather than mere hype of their growth prospects.

[boozey] 01/4/2023 11:50

For anyone looking at this stock and its rather questionable history, the sheer volume of director buys in February could not be ignored. Even for a high net worth individual you don’t invest that much unless you really believe in the company. Director buys in themselves happen at the time, but occasionally they are of such magnitude they can’t be ignored. Alphawave is one such case in point. There are others in recent times. JD Wetherspoon is another where the chairman made a multimillion pound purchase in February at 457p and it now trades at 713p.

[waldron] 01/4/2023 09:21

Upcoming events on ALPHAWAVE IP GROUP PLC

April/28/23 | 07:00am FY 2022 Earnings Release

April/28/23 | 07:00am Q1 2023 Sales and Revenue Release - Trading Statement

April/28/23 | 08:30am FY 2022 Earnings Call

[waldron] 01/4/2023 09:17

next resistance apparently might well be tested at 123p

[waldron] 01/4/2023 09:11

PUG fwiw

Might be just a friday,end of week,end of week thingie

enjoy your weekend and a new start

chuckle and cheers

[highly geared] 01/4/2023 09:03

Based on normal market size at the time, they’ll most likely be buys.

[pugugly] 31/3/2023 22:37

A big slug of apparent sales marked after market closed. Not sure how to read. Thoughts.

[trader465] 31/3/2023 20:05

Aye, US tec stocks are rallying we’ll soon be on our way here

[waldron] 31/3/2023 19:42

LOOKING GOOD trader

broke convincingly thru Resistance it seems

[trader465] 31/3/2023 16:47

She’s on her way back to 400p within two years 💰💰💰

[waldron] 31/3/2023 06:18

Approaching strong Resistance at 113.80p


GOOD LUCK and have a great day and fun weekend

take care all

chuckle and cheers

[valhamos] 30/3/2023 18:39

Useful article on the Alphawave investment case:

[highly geared] 30/3/2023 17:12

If the FED pivots by June, we’ll see a huge rally, led by Tech Stocks. It may have just started as traders anticipate what’s coming. AWE perfectly placed. Sit back and watch this double in the next 12 months.

[trader465] 30/3/2023 15:59

Looks like this is ready to explode to the upside

[trader465] 30/3/2023 08:33

The Nasdaq 100 Index surged into a new bull market Wednesday for the first time in nearly three years as traders pile into technology stocks and angst around the recent bank turbulence eases


2022 results 28th April.

[pugugly] 27/3/2023 09:08

Tipped somewhere?

[valhamos] 24/3/2023 19:12

Office opened in Pune, India

[dividevil] 20/3/2023 19:35

Well if we should be so lucky, I'll be happy for the chance to pick up some more sub 90, but I've a suspicion we won't be afforded such that opportunity again, unless we are headed for another financial crisis of sorts.

[scepticalinvestor] 20/3/2023 19:01

Nah was mainly sells - look at the trade price. Prob selling now in anticipation of buying back in the 80s againRinse and repeat

[dividevil] 20/3/2023 18:21

More than 1.5 million shares traded today, a fair portion of it after-hours as well. Seemingly about 60/40 to the buy side. Could easily be wrong but it does possibly suggest a likelihood of a slight uptrend in the coming weeks. I'm assuming the after-hour trading is mostly from the US / Canada region.

[trader465] 20/3/2023 15:14

We know it’s cheap, but we don’t know how if it will get cheaper or for how long it will be cheap

[highly geared] 20/3/2023 15:08

With 2023 forecast EBIT around £75m, this trades on a current PE of around 9. Include cash and this drops significantly. With projected growth, this is simply too cheap on a financial metrics or peer group perspective.