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CSD Clearspeed Tech

3.50
0.00 (0.00%)
Last Updated: 01:00:00
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Clearspeed Tech LSE:CSD London Ordinary Share GB00B01TNC84 ORD 1P
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.00% 3.50 0.00 01:00:00
Bid Price Offer Price High Price Low Price Open Price
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
  -
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 3.50 GBX

Clearspeed Technology (CSD) Latest News

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Clearspeed Technology (CSD) Discussions and Chat

Clearspeed Technology Forums and Chat

Date Time Title Posts
05/4/201112:33Clearspeed - A clear winner..REDHOT performer.614
04/11/200420:29ClearSpeed Ahead38

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Clearspeed Technology (CSD) Most Recent Trades

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Clearspeed Technology (CSD) Top Chat Posts

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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 29/4/2009 08:11 by pelleeds1980
As a result the Board of ClearSpeed has also today announced that it intends,
inter alia, to return GBP6.9m of cash by way of a tender offer at 15.25 pence
per share and shareholders' approval to cancel admission of the ordinary shares
of ClearSpeed to trading on AIM. A circular containing details of the proposals
is being sent to shareholders today to seek shareholders' approval at the
forthcoming General Meeting to be held on 21 May 2009. Copies of the circular
will be shortly made available from ClearSpeed's website, www.clearspeed.com.
For details of the proposals, please refer to the circular.
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 02/2/2009 16:05 by hugepants
I dont think so. We can make an educated guess and Id think 8p-12p cash back. I think its simplest to look at net working capital position which was £16M at end of June. This included £13.9M cash and £1.9M tax credit receivable. The operating loss for H2 was £4.5M but that included 2 major restructurings (heard this from the company today). So lets say £16-£4.5= £11.5M. I think also prudent to write off 2/3 of inventories so that gives us effectively £10.5M or 17p per share of cash.

Lets say the imminent restructuring costs knocks £0.5M off that and we have 16p per share cash.

We know operating costs are running at under £3M. If you add interest then cash burn , assuming zero revenues, is now about £2.5M per annum (4p per share). I reckon they will aim to half that.

So OK this is pretty simplistic but they can return 10p-12p per share cash now and leave the business with 2-3 years to somehow realise value from the ip, sell the business , whatever etc etc.
Posted at 30/1/2009 14:35 by supernumerary
Given the amount of money BAE for instance have spent here, they can't be said to have a huge financial stake at risk, although the technology may be more strategically important to them than the price implies.

If that's the case, they might I guess be interested in buying the relevant IP and the development team with it, which would provide a clean exit for all concerned.

I'm a bit surprised the price has dropped today. Personally I think the MMs may have misread this one.
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 05/11/2008 23:29 by hugepants
No sign of Farleigh buying more despite sub 10p share price. Maybe thats him finished.
Posted at 16/10/2008 10:48 by hugepants
theband

I 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.
Clearspeed Technology share price data is direct from the London Stock Exchange

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