Frontier Ip Share Discussion Threads

[best1467] 18/11/2024 07:36

Surely some sales volume news from Pulsiv must be due

[aqc888] 15/11/2024 18:35

Another AIM company I hold had some results which were later than expected last month (trinity exploration) - this was because it had received a takeover offer. Hope it’s the same here! With the recent pension reform announcements it could be attracting new attention… Although an offer of double the current share price wouldn’t get my vote, as the current share price is complete nonsense.

[jimmywilson612] 15/11/2024 12:12

No Idea Acuere.

FIPPs shares didn't increase, even though I'm sure it said their £3M of debt would turn into equity within CamGraphic. So therefore, it might not be as true as a £200M company.

Through my extensive research of CamGraphic - I can only link them to a 750k euro grant through their italian subsidiary (hxxps://www.graph-x-project.eu/) . However the research is also in collaboration with a small company called Nokia.

Another big company I can see linked to CamGraphIC is st microelectronics as they have joint research papers out.

However, I couldn't tell you if that is worth £1 or £100M.

[acuere] 15/11/2024 11:22

Let’s hope so. I was concerned we might get a dreaded Friday afternoon release.

They will hopefully give details of CamGraphic fundraise. CamGraphic, as a company currently valued in book at £15-20m. Could they now be a £200m company? Seems unlikely, but they release so little info who knows.

Whatever they’ve raised, the shares issued are roughly 10% of the company, so easy to work out value of Fipps 18.7%.

[jimmywilson612] 15/11/2024 10:38

Earnings Release on Monday 18th according to Stockopedia. Not wait to long to see if we're having a steak dinner or beans on toast.

[hastings] 14/11/2024 21:10

Many thanks.

[acuere] 14/11/2024 20:51

Also from note 3 of those accounts.

“The company is in the process of securing funding for its business plan and expect to receive substantial investment in Q4 2024 from a consortium of investors who are at an advanced stage towards completing a transaction”

Note 11.
“The directors intend to raise £21m in equity investment and conversion of current shareholder debt to equity is intended as part of this process”

[acuere] 14/11/2024 20:35

Hastings,
CamGraphics filed accounts at companies house. Note 11 on Page 8.

30 Sep 2024 Total exemption full accounts made up to 31 December 2023
View PDF Total exemption full accounts made up to 31 December 2023 - link opens in a new window - 8 pages (8 pages)

[hastings] 14/11/2024 20:11

Where is stated that CamGraphic is raising or looking to raise £21m please.

[acuere] 14/11/2024 16:18

Anyone got an idea what our 20.8% stake in CamGraphic is valued at? It was worth £1.5m in September 2021. And to June 2023 the valuation was increased by £1.4m. So it maybe in the books at only £3m.
It’s best to wait for confirmation but if they have raised £21m from those shares alone that would increase Fipp NAV by £36m. At a mkt cap at a 50% discount to NAV, that still, in theory adds £18m to current market cap. Or in other words a doubling of current share price
As I said, best wait and see, but worth having that info to hand just in case. I had a speculative buy this afternoon, shows as a sell as less than mid price. Would suggest there’s still a seller in the background.

[acuere] 14/11/2024 14:43

Great find JW. We also have JoieDevi as new investor and Edmondson increasing his stake.
Thats an additional 64256 shares issued for CamGraphic and the total is now 641237. Frontier still on 120000. That reduces their stake from 20.8% down to 18.71%.

The big and potentially hugely significant unknown here is this. Have those 64256 shares raised the £21m they said they were going to raise?

Because if 64256 shares are worth £21m then Frontiers 120000 shares would be worth nearly £40m. Not including the loans to CamGraphic.

That would be a huge jump in NAV, as I’m sure CamGraphic is on the books at less than £2m. It makes me think there must be more shares to issue but if not expect a significant rerate.

[aqc888] 13/11/2024 20:51

If Frontier was listed on the US market I believe it would have a market value of £200m plus…

[acuere] 13/11/2024 20:31

Pulsiv have announced the launch of their 240w USB-C Port at electronica fair.

I won’t copy whole article but here is a snippet and link to press report.

“Applications such as televisions, monitors, projectors, and games consoles which don’t require charging, can benefit from 240W USB-C power supplies. It enables the entire power electronics to be removed from the product which significantly reduces the overall size, weight, and cost. We’re expecting to uncover even more applications which can benefit from our ground-breaking solution and the level of interest so far has been unprecedented. I’m looking forward to how Pulsiv will completely redefine the fast-charging space.” said Pulsiv’s Director of Global Sales, Nick Theodoris.

[jimmywilson612] 13/11/2024 09:44

Fieldwork partners with leading manufacturer of autonomous and collaborative mobile robot platforms, Burro (Augean Robotics, Inc.)
Burro has recently raised a $24m Series B funding round, proving commerciality of its technology
Collaboration benefits from Fieldwork’s and Burro’s combined expertise in AI and robotics with field trials run successfully at Place UK Ltd.
Burro already achieved significant customer traction with large raspberry growers in Fieldwork’s target markets, Australia and the US, complementing Fieldwork’s existing customer traction in the regions


Fieldwork Robotics Ltd., (“Fieldwork221;), developers of selective, adaptive and modular harvesting robots, is pleased to announce that it has signed a collaboration agreement with manufacturer of autonomous and collaborative mobile robot platforms, Burro.

Raspberry growers are particularly impacted by the significant and growing labour crisis affecting the agricultural sector. As cost of labour grows driven by minimum wage increases and availability of labour remains pressured, growers are looking towards innovation to mitigate against labour cost headwinds and against the inevitable greater challenge of seasonal worker availability in the future.

However, even when growers are keen to integrate robotics into their harvesting practice to try and abate increasing costs, they face problems with initial cost of equipment and lack of compatibility between different technologies.

Interoperability between different kinds of technology is an essential step in ensuring farmers and growers can integrate robotics into their operations in a way that is efficient and cost effective for them.

The Fieldworker 1: Interoperable and base agnostic

The working partnership has produced a base agnostic payload that can run on multiple bases, including Burro’s, providing farmers with an affordable, efficient and interoperable solution to their harvesting needs. The payload of the Fieldworker 1 seamlessly integrates with other autonomous robots, and this interoperability has been developed and demonstrated in partnership with Burro.

Other compatible brands include OxDrive, specialists in the design and manufacture of robust, integrated, electric drives.

Interoperability of technology is a huge advantage to growers and will afford Fieldwork’s customers greater flexibility and lower operating costs.

David Fulton, Fieldwork Robotics CEO commented:

“Burro is the perfect partner for Fieldwork as we continue to develop our product offering. The team’s expertise in autonomous agricultural robots has been an invaluable addition as we continue to develop. This collaboration is a significant milestone for us, and we look forward to delivering an enhanced service to our customers.

Fieldwork has recently released its updated autonomous raspberry-harvesting robot which has benefitted from Burro’s expertise. A collaboration with an excellent partner like Burro serves to significantly strengthen our first-mover advantage.”

Fieldwork x Burro: an industry-leading partnership

Burro is a leading developer of fully autonomous robotic platforms. Their model incorporates machine learning, high precision GPS and ‘Pop-Up Autonomy™̵7; to create a high-quality autonomous platform that transports produce from A to B around the field.

Like Fieldwork, Burro’s technology is designed to enhance agricultural work and support growers struggling with a lack of available labour. Burro has recently raised a $24m Series B funding round and has strong platform success across Fieldwork’s target markets, making them an ideal partner for the company.

Charlie Andersen, Burro CEO commented: “FieldworkR17;s technology is truly world class. It has been a pleasure to work with David and the team as they developed their technology. Our combined expertise in robotics and automation facilitated an interactive and highly effective partnership. We’re excited to see where our partnership with the company takes us next, and our customers are hugely excited about their solution to autonomous harvesting!”

Field trial success

The Fieldworker 1, run on Burro’s base, has successfully completed field trials at Place UK Ltd., a grower of Driscoll’s berries. The robot is currently on track to partake in field trials with leading berry grower, Costa Group, on its Australian farms in 2025.

Dan Yordanov, Head of Fresh at Place UK Ltd. commented: “Seeing Fieldwork’s technology operating in the field has been fascinating. We were very pleased to work with David and the team to test the Fieldworker 1 at Place UK and we are confident that it will be an invaluable harvesting solution to growers in the future.”

[acuere] 06/11/2024 10:55

Finals were announced on 31st October last year actually. Over last 6 years though they have been announced as late as 15th November.

Results will have to address the funding issue though. The flagged up Alusid IPO from earlier in year is yet to happen. Hopes that Pulsiv would announce news of a major deal is still in the pending file and we still await news of their significant fundraise.
Camgraphic is the interesting one for me now though. We know they have been working with a multinational major for over 2 years now. They say they are looking to raise £21m this quarter and are seeking a CFO handling a bubget up to £100m.
Apart from Frontiers 20.8% stake, their last accounts show CamGraphic have a £2.7m loan from Frontier. So if CamGraphic complete that fundraise, in theory Frontier could get an inflow of cash to ease any funding issues.
However CamGraphic have said the loans will be converted to shares in this current fundraise. This makes me think that surely if Frontier were desperate for cash they would seek repayment. Or, could it be, we are so confident in CamGraphics near future value and earnings potential we are better off maintaining a circa 20% for as long as possible.

[aqc888] 06/11/2024 10:05

You’ve got to ask yourself- has anything negative happened to the portfolio recently? No. Are things taking long to progress? Yes. Are institutional investors increasing or decreasing their stakes? Increasing. Are the portfolio companies attracting top talent into the businesses? Yes. Does that happen with companies on the slide, look at the recent talent going into Pulsiv and fieldwork, look at all the hundreds and hundreds of thousands of government grants being soaked up by the portfolio … a bit of patience is required here, in my opinion. Results last year were published on 31st October. I’m optimistic.

[pugugly] 06/11/2024 07:47

You will be very lucky to get a response - They make a clam seem loquacious

[best1467] 06/11/2024 07:41

Are results late this year.I recently contacted the company with a comment regarding the continued weak share price and potential impending need for a cash injection.I stated I appreciate they are in a closed period all I asked for was as a shareholder should i be concerned

[acuere] 05/11/2024 19:48

Plenty of lumpy trades going through after hours this week. 375k yesterday, 3 trades totalling over 800k today. Similar thing happened mid August with trades declared late and not showing in the volume.

[jimmywilson612] 04/11/2024 11:48

Fieldwork Robotics is pleased to announce that Sid Shaikh has joined the company as CTO.

Sid has formidable engineering experience and has held leadership roles at GSK, Cambridge Consultants, and Ocado, and was most recently Head of Robotics at hyperTunnel Limited. He has developed world class tech platforms, including Ocado’s global robotic pick and pack platform, and has led numerous engineering teams to success.

Sid will be leading our UK and Portugal R&D teams, overseeing the manufacturing, development and integration of our advanced robotics and AI technologies. Sid’s technical leadership will be pivotal to the success of our innovation as we continue to engage with stakeholders and potential clients internationally as part of our ongoing global development.

David Fulton, CEO of Fieldwork Robotics, commented:

“I am excited to see what Sid’s 30 years of engineering experience and depth of industry knowledge will bring to the Fieldwork Robotics team as we continue to develop our technology and expand our operations internationally.

I would like to thank Andrea for his tireless hard work and innovation as Fieldwork’s first CTO, and I wish him all the best in his next challenge.”

Sid Shaikh, CTO of Fieldwork Robotics, commented:

“I am pleased to be joining the Fieldwork team and am looking forward to working with the company’s talented engineers. The company has a unique opportunity to be a one-of-a-kind, world-leading developer of raspberry harvesting robotics, and I cannot wait to take its technology to the next level.”

[acuere] 31/10/2024 17:39

JW,
I would agree with that in the long term. But they’re saying it will have a bad effect on early stage start ups with the added costs of paying skilled engineers and that entrepreneurs may go overseas.

That said I do think this government is going to be more supportive towards UK startups. I don’t think it’s coincidence that a number of companies in the portfolio have all attracted funding and benefitted from the grants in the last few months.

Hopefully Crabb will accompany the forthcoming results with some more upbeat comments

[jimmywilson612] 31/10/2024 16:30

I'd say Fieldwork Robotics could be a gainer. Higher NI costs and minimum wage hikes will make farm labour more expensive. An alternative for farmers is the robot!

Also - with all the raises in Captail Gains Tax and freezing income limits, stuff like EIS relief surely will be more appealing to private/wealthy investors? Maybe wishful thinking

[acuere] 31/10/2024 16:09

Not sure too many business owners will be joining you in raisin a glass to her. Certainly not David Fulton of Fieldworks.

“Fieldwork Robotics CEO David Fulton joined fellow cleantech startups in writing to the Chancellor to express concerns about the impact of rising employer NI contributions on SMEs. These changes announced in yesterday’s budget will have a significant impact on early-stage hardware innovators like Fieldwork Robotics and co-signatories Allye, Muddy Machines and Munro Vehicles and will ultimately impact the UK’s ability to deliver net-zero goals”

[mark5man] 30/10/2024 18:17

well someone has to say it - well done Rachel Reeves

"Fifth, we are launching our long-term modern industrial strategy and expanding opportunities for our small and medium sized businesses to grow.

Sixth, to drive innovation we are protecting record funding for research and development to harness the full potential of the UK’s science base. "