Share Name Share Symbol Market Type Share ISIN Share Description
Lightwaverf Plc LSE:LWRF London Ordinary Share GB00BKJ9BV58 ORD 5P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.00p +0.00% 6.75p 6.50p 7.00p 6.75p 6.75p 6.75p 4,333 08:00:00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Leisure Goods 2.8 -2.5 3.8 1.8 8

Lightwaverf Share Discussion Threads

Showing 5401 to 5425 of 5425 messages
Chat Pages: 217  216  215  214  213  212  211  210  209  208  207  206  Older
DateSubjectAuthorDiscuss
03/10/2019
23:58
does it matter? going to be an interesting to see a trading statement soon. last one stated fy rev will be more than double last year's 2.8 million and 9 months to june was 3.77m, so need to do circa 1.9m to get there, and in a summer quarter. can they do it and also avoid another fund raise too i wonder.
athnotts
30/9/2019
16:15
Todays RNS: Https://uk.advfn.com/stock-market/london/lightwaverf-LWRF/share-news/LightwaveRF-PLC-Holdings-in-Company/80824436 Have they just stumped up for the extra shares? 16.08.19 "Committed Capital has agreed to subscribe for 5,806,811 new Ordinary Shares pursuant to the Firm Subscription and 2,764,617 new Ordinary Shares pursuant to the Conditional Subscription. As at the date of this announcement, Committed Capital holds 33,690,893 Existing Ordinary Shares representing approximately 32.08 per cent. of the Existing Ordinary Shares. As such, Committed Capital is a substantial shareholder of the Company and its participation in the Firm Subscription and the Conditional Subscription is a related party transaction pursuant to AIM Rule 13 of the AIM Rules."
clocktower
16/9/2019
10:37
virtually all small selling since a relatively large 2x director purchase last week which wasn't commented on here... looks like most everyone has lost interest in this stock...
athnotts
04/9/2019
22:44
athnotts the £200k seems to be 65% of the value of the current stock ? Would they not have been better to have tried to raise more funds at 2p rather than less than they would have liked at 7p stuffing all smaller shareholders to any even greater extent but giving the company at least a decent shot of getting itself out of the great big hole that they have dug many times deeper and deeper.
clocktower
04/9/2019
17:23
not my area at all but a finance deal with a key distribution partner? is that normal? in fact my first reactions were all 'whys?' why is this not with their normal bankers? why didn't they have this facility already? why is it so small (ie if there are major smart series product launches coming surely they need more than £450k to manufacture for launch readiness?). current stockholding is £200k? - that does not seem like very much stock to me. and so on.
athnotts
04/9/2019
11:05
CT, you are starting to sound like remainers. Desperate. Its a loan. Quite a normal method of financing. You of all people bang on about dilution. You should therefore be welcoming this news....but I will not hold my breath..
brownie69
04/9/2019
08:41
Desperate times it seems, as I guess they must have found their options limited, and now trying to dress up the loan as an opportunity.
clocktower
03/9/2019
09:43
There appear to be replacements of most of the Gen 1 products coming along. People attending installation training sessions have been told. I supposed you'd expect that too, when Gen 1 are being withdrawn. 1st product is a relay. Prices quite high. Good for margins, not for customers. Taken an awfully long time to bring out. Especially as it's in standard factory case. No tooling needed. Looking at the R&D money spent vs the products delivered, I'd expect there to be something quite special coming along soon. If not, they've done a very slow expensive job in the last 2 years.
sinkyj
02/9/2019
18:59
going to be an interesting end of the financial year this month. i rec'd a marketing email a while back saying as of the 29th august they are stopping selling the connect series aka gen 1 devices directly from them, ie the via website. support will continue but production ceases. goes on to talk about expanding the smart series range. they are going to need new devices to sustain sales growth i think.
athnotts
02/9/2019
14:51
Once again it is sinking below funding levels - how many times has that happened in the past? Rinse and repeat! Whoopy, what they are keeping for themselves is investors money every time they draw their salaries etc.
clocktower
16/8/2019
15:27
That was quick. Certainly keeping it for themselves. I know not why, but guess they have more info than us.
whoppy
16/8/2019
15:19
Lets look at the number of reviews on sales at Amazon UK of LWRF products and consider the time they have been selling these through Amazon. Most products have less than 50 reviews, and several in single numbers - so what percentage of customers bother to place a review - pretty high in my opinion with this sort of product. So hardly a product that fly's off the shelf. Sales have come from wide distribution I would suggest and not from repeat orders, which will be the key going forward. If the goods are not selling in sufficient numbers, orders will not be repeated. For me the choices that you have laid out sinyj, I suggest I would pick the one that they could not raise any more money at 7p and we might see another way of funding before the year is out imo. The Concert Party will continue to pull the strings and look for ways to get a return on their investment but I doubt that anyone else will benefit if they do find a way to do that. Good Luck if your still holding and watching you holdings being diluted yet one more time.
clocktower
16/8/2019
11:10
You are correct Brownie, what they can do with that cash is the key. Last year they burned 200k a month, which is why we could predict this raising to the month almost, along with the increase in newsflow. 1.3m is just no where near enough to do anything with. It's purely money to survive another 6-8 months, not even a year. Could be several reasons for that. One, they can't raise anymore. Two, they don't want to raise anymore at this value and know something will happen soon to change the valuation. Three, they are just kicking the can down the road a bit in the hope that something comes along.Take your pick.
sinkyj
16/8/2019
09:48
Dream on brownie69 - Pray remind us of how many millions they have stuffed investors for to date in total, and what is there to show for it, other than as phowdo has stated in post 4944.
clocktower
16/8/2019
09:32
In agreeing that its not an unexpected placing I disagree that this has to be bad news. The fact that the growth at 98% YOY is very positive IMHO. Also that direct sales are an increasing part of the mix is good too. Not more reliance on lumpy revenues when trade buyers order. Margins should be better too. The key aspect with any placing is the reason for it and likely impact on EPS. IF the company continues their current growth rates it will be money well spent as we will reach a position in 12 months where we we reach cash flow positivity at which point I expect the stock to rerate.
brownie69
16/8/2019
09:26
What I said almost exactly a year ago still applies. phowdo - 17 Aug 2018 - 11:34:30 - 4393 of 4944 . This is just another AIM lifestyle company whereby shareholders repeatedly pay, via placings, for the directors to play golf and retire very comfortably whilst doing minimal actual work.
phowdo
16/8/2019
08:31
There you go, more money needed as we all expected, and it seems even they question if they can raise sufficient at 7p. C have little choice to keep funding or write off their investment imo. For PI`s all is lost I believe bar Apple or the likes taking over for a pittance. Disgraceful BoD that have drained the company dry repeatedly.
clocktower
16/7/2019
20:22
sinkyj, majority shareholder? committed c have 37%, assume that's who you mean. I would wonder if they are promising to fund the company, assuming that's what you are saying. could be they have had to do so to keep things going. their web site is scant on their approach to investing, talks about eis syndication a bit and their portfolio does not include any other aim listed companies, so this is not your typical aim institutional investor, and also not your typical majority position/take private type of investor either (i checked a few of their other portfolio, they mostly look like v small start ups and the cc web site talks about investing in range £1-5m). agree with both of you, new products very needed, there have not been any new ones the whole time i've tracked them, just updated versions (for homekit) of older ones.
athnotts
15/7/2019
14:45
You could well be correct about the short term net margin. The direct sales are not just a website, they've been recruiting heavily, door to door salesmen and financing interest free credit. It's a proven method for this type of technology in the USA. However, will prove expensive per sale until volumes really pick up. If we look at the figures. Excluding R&D spend. First half we spent 1.48m to make 948k Gross profit. Last year, same half, we spent 0.9m to make 459k. 459m more Gross profit cost 580k more in admin (ex R&D). Or put another way, each extra 1 pound of profit cost 1.26 to the company. That's by no means unusual for a growing tech company, but, until that equation changes, sales growth is coming at a high price and needs much investment. The problem with the current,new, product mix, is the high friction to install. I've said before, if you need a screw driver to fit, it's not going to be an impulse buy. It needs marketing . Marketing costs money. If you compare LW to a company I know well that makes just Wifi controlled lamps and candles. They turn over nearly $100m against LW's $7m. The new CEO is actually doing a terrific job given the type of product he's selling. However, the "right product", as you say, with the distribution and connections of the company could, and would, do so much better.
sinkyj
15/7/2019
13:17
sinkyj, In respect of better margins on direct sales, I agree with you in gross terms but in net terms they may in fact be more negative, as the cost of supporting and managing on-line business is considerable, unless of course the volumes are substantial and sufficient to offset those costs and more. I doubt they are in LWRF`s case. It seems to me that some investors have wised up to the efforts made to get the share price up, as clearly some are selling, maybe taking very small profits even from the money raised at 8p (if my memory serves me correctly). They need a "Killer" product if they are to really turn the tide and alter the trend, not just double sales from last year, which as we all know, were a disaster. I would love to invest once again in the company but with all the negatives (as you pointed out) I think it would be a crazy thing to do at this time. However, if they do come up with that "Killer" product (like Dyson did with Vacuum cleaners) then I will wade in and put the tails of my shirt on it. Till then, sit on my hands, wait, watch and live in hope but i would love to see most of the BoD removed but it does seem the CEO is doing a good job, against my expectations. So well done to him.
clocktower
15/7/2019
12:01
I would fully expect the company to meet it's target of doubling sales. They have European distribution and will have ,hopefully, many stocking orders. Although, direct sales have the better margins, I think that will balanced by the promotional pricing activity here and in Germany giving broadly similar margins to the first half. So I'd expect full year losses to be around last years loss, at 2.5m (maybe a touch less). About 200k a month burn. They had 1.2m ish in the bank in March (inc 500k to come from last year fund raising. You can do your own sums when that runs out. Funding growth works nicely if the share price grows in step. Everyone wins. The key is what price next fund raise is at and how much the next cost is to double the sales again (another 2m or 4m ??) . Market cap is around 9m, so $2m is ok. $4m? hmm. So I would think they still need the share price to move someway from here for the sums to work. As I've said before, I am very cautious now ,as structurally the company is different. We have a majority shareholder who is promising to fund the company. Are their interests regarding the share price still those of the private investors? Are they going to try to fund growth or fund the company to survive until they can exit without too much damage. I'm not even sure they can invest $4m at the current valuation. There was an exemption applied for regarding the takeover rules. Not sure how many times and to what % shareholding that can be done to. At a guess I'd say they'll try to get the valuation up and get some external investment in. If that fails they let it drift and stump up another 12 months money. That's based on absolutely no knowledge, just pure guess work. It just adds another risk factor on top of the business case for the company.
sinkyj
15/7/2019
10:29
It would not surprise me if some of the directors bought a few once again.
clocktower
15/7/2019
08:38
seems i was wrong, can't win em all! probably was caution re skipping the statement re doubling yoy in last update, eg wanting to see end june result. still need almost 2m in final q, that would be more than 2x same period last year. strong statement so could be another intl dist deal being lined up, or a utility company or other partner type deal maybe.
athnotts
15/7/2019
08:23
Interesting reference to doubling last years annual revenue. That means an increase in Q4 needed. All sounds loke good progress and validation that the sales focus is working. Re cash, no we dont know but direct sales channel margins were higher than via distributors so I'm not concerned that they have been "buying this turnover" . There is no evidence of it. Companies dont normally comment on cash in a trading update so thats a non issue at this point. In general though a fund raise to fuel the growth rate would not be a bad thing now that we are getting increased visibility that the growth model is working.
brownie69
15/7/2019
08:14
Who said I was In
buywell3
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