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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Clearspeed Tech | CSD | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 3.50 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 3.50 |
| Top Posts |
|---|
Posted at 09/6/2009 12:29 by supernumerary HP - that's what I thought until I saw this:'In order that Richard Farleigh does not become bound by the provisions of the Takeover Code to make a mandatory cash offer for the entire issued share capital of the Company, he has irrevocably undertaken to tender all of the Ordinary Shares held by him in the Tender Offer. Richard currently holds 18,435,160 Ordinary Shares, representing approximately 29.4 per cent. of the existing issued share capital of the Company.' I'm just curious because I'm following Light Blue Optics who I have a suspicion were working with csd. LBO have said they'll have a laser picoprojector available by the end of the year, and if they do (I'm rather sceptical) and the price is reasonable it could be a very successful mass-market product. If it held some csd technology they might do very well from it. A lot of 'if's and 'mights', and I can't imagine csd wanting to go private just before they made some money, but I was a little curious what was motivating those people who still held shares. I continue to watch with interest. |
Posted at 29/4/2009 12:51 by hugepants I sold my 140,000 this morning at approx 14.6p. Only 72% being tendered at 15.25p so I prefer to sell the lot now. I suppose still a chance CSD will be successful as a private company but not on the evidence so far. |
Posted at 07/2/2009 15:12 by maysun Hughpants,CXA and now CSD,what next? These high spending companies are destined to fold,management and the techies are only here to cream off shareholders money to fund their luxuries life style......excessive salary,fat cat bonus,expensive company cars and all other perks they desire.....LOL!!! |
Posted at 30/1/2009 11:14 by supernumerary HP - surely this is where it starts to look interesting? Flog off the ip for whatever they can get and add it to a £10M cash pile - could be a nice little bonus for shareholders at this price. If the advfn figures are to be believed (always doubtful I know) csd is trading at half its break-up price.... |
Posted at 12/1/2009 17:49 by supernumerary Holders might find this interesting - it's a trailer for the Creative Labs Zii processor. I came across it by accident - the intro is rubbish but it gets more relevant as it goes on. I've got no idea what the state of commercialisation is, but it's obviously serious competition.Given the claims they make, it's just about possible that they're licensing CSD technology, although I think csd would have had to announce if there was a contract in place. There's lots of other related stuff to browse if you care to look. |
Posted at 01/12/2008 23:08 by hugepants Andrew I get 17p net cash at end of December 08. There are 2 separate cost cuttings implemented since the interims.They had net cash of approx £15.5M at end of June (there is nearly £2M tax receivable) Then first restructuring to cost £0.5M but will knock over £3M off running costs. So that would bring annualised costs down to £9M per annum. Then theres the big cost cutting in September to bring running annualised costs to "under £3M". This will also cost £0.5M (I got that direct from the FD) So at end deceember net cash I think will be approx £10.5M or 17p per share. Then ongoing business wont need much in the way of revenues to breakeven because the margins are high and interest on cash and tax credits willl be relatively high. Also CSD have mentioned they will be licensing out their patent portfolio shortly. Hopefully they can generate some extra revenues form that. |
Posted at 25/11/2008 08:48 by hugepants I think the majority of CSD's recent revenues has come from the $1.5M licensing deal to BAE. So I doubt the downturn in the banking system will make much difference to their revenues. CSD need to find a niche market where low power is key. Sticking them on satellites makes sense but they need other applications. Are they too high end to build into laptops? |
Posted at 24/11/2008 19:41 by supernumerary If we put aside the celebrity culture discussions the important question is whether csd has a viable business at the moment. They've majored on the financial market, and I doubt there's a bank in the world that's currently thinking of capital expenditure on add-on fp units. The csd trade-off was always higher capital cost against lower running costs giving net cost of ownership benefits, but that hardly stacks up in the current climate... |
Posted at 16/10/2008 12:38 by supernumerary theband - it is not inevitable that Farleigh will get 30% - it's his choice. If he does, he will have to make an offer (HP - I persist in this view - the Takeover code is explicit and I can see no reason why csd would get a dispensation from Rule 9). Whether he then gets enough to exercise a squeeze-out is another matter again.HP is right that there is a bull case, particularly given the level of cash. It's perfectly possible that Farleigh simply thinks it's cheap and so he'll buy as much as he can before he enters a close period leading up to a fantastic set of results. Let's face it, he knows a lot more about the company than anyone here, and he's spending big chunks of cash to buy a large part of it. The risk is that he's wrong, and the company will drift on for another two or three years trembling on the brink of profit with the price in the doldrums until finally there's a very cheap takeout of some kind. |
Posted at 16/10/2008 10:48 by hugepants thebandI think CSD is a pretty good medium term investment at this price. The company will have around £11M net cash at end Dec 2008 after the latest cost cutting implemented (at cost £0.5M). This will reduce running costs to "under £3M". Current market cap is £6.9M. And cash burn will be modest ie assuming revenues = £1M gross profit = £0.65M running costs = £2.75M Interest income = £0.6M tax credit = £0.15M Loss = £1.35M That gives you several years of losses factored into the price. In addition CSD has £45M of tax losses. That means the first £45M profits they make are tax free. OK maybe jumping the gun a bit there(!) but you get my drift. Also the extensive patent portfolio is to be licensed out next year. Not sure how much this is worth theyve mentioned this a few times now. The last Celoxica results may be a clue to the future of CSD. Celoxica also spent a fortune on R&D and had huge losses but they have now slashed running costs to only £1.5M and arent that far away from being profitable now. |
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