Lightwaverf Share Discussion Threads

[whoppy] 11/6/2018 12:09

I bought this morning. I'm happy to take shares at this price for a trade.

[clocktower] 11/6/2018 11:58

The directors have put money in this repeatedly, at much higher levels and look at where it has got them. They however are able to draw generous salaries from investors money that think they are getting a good buy because directors buy stock. Often it is just to get the money from other investors, to fund their lifestyle and dreams imo.

You sound upset whoppy, I hope you are not to deep in the mire here, as it is not nice to see your money going down the drain.

[whoppy] 11/6/2018 11:56

You should buy some at this price clocky. It's way oversold on what is essentially good news, imo.

[whoppy] 11/6/2018 11:53

They are probably Director buys.

[clocktower] 11/6/2018 11:52

£4.9 million raised late last year - only £2.46 million left in March - How much is left now? Can they even raise more money without diluting this to junk status, if needed.

As for the buyers, well frankly either some are punting on taking a quick profit or I guess they have not done their research and are hoping that a bid comes in.

[whoppy] 11/6/2018 11:49

In the meantime Apple might make their move.

[whoppy] 11/6/2018 11:46

Directors will be in for a huge chunk of shares at this price.

[whoppy] 11/6/2018 11:43

Jason Elliot will have to give 3 months notice to his current employers, so the CFO Kevin Edwards will be in charge. Pretty obvious AP was pushed.

[sinkyj] 11/6/2018 11:06

I think the problem is there is no new guy coming in immediately.

"Expected mid September" is the exact quote. As the customers would say- doesn't say which year. Company drifting without a captain for 3/4 months, so no new direction.

[whoppy] 11/6/2018 10:58

Sellers now not so sure they should of sold? New guy coming in. New direction. New contacts. New deals? New director buys.

[whoppy] 11/6/2018 10:53

40k of buys just gone through dirt cheap.

[whoppy] 11/6/2018 10:52

A few more director buys to show they've got this, would be a good investment and signal.

[whoppy] 11/6/2018 10:31

Now 30k buy. Basically all of the sells mopped up dirt cheap.

[whoppy] 11/6/2018 10:28

Sinky, We don't really know what happened but it was trialled and was successful as far as I know.
We will probably see some heavy director buys coming in today at this gift of a price. I bet the new guy will buy a shedload. 60k buy just gone in.

[sinkyj] 11/6/2018 10:24

Warwick was all about heating, so no energy. To see you've reduced by 40% you have to have context, Warwick had heat meters or the like to see how much the heating was using. That's what LW don't have with the other data. I'm pretty damn certain LW would have been telling half truths about the further analysis, certainly on the data they had. Unfortunately, very common with some of this company.

I believe the equipment was removed from Warwick. The savings were mostly finding room that wern't insulated, miss sized radiators, or people with bad behavior (turning thermostats up full), there are much lower tech solutions to solve that. Fibreglass and locks on thermostats so people can't change. The whole thing appears to have been a large waste of company time when they would have been better either making what they had suitable for Light commercial use or making it suitable and fully tested for domestic use. It still isn't reliable or fully debugged to this day.

[whoppy] 11/6/2018 10:13

Dave4545. Andrew Preason has no big holding but had options at 13p only exercisable after 3 years from last year 1st of March 2017, only if the share price exceeds 40p.
Andrew Pearson holds 35,569 shares bought at 21.5p.
Biggest Director Holding is Steve Harris

Steve Harris is a director of Committed Capital Financial Services Ltd. and Committed Capital Ltd. (together "Committed Capital"). Committed Capital holds 17,168,153 ordinary shares in the Company via Mainspring Nominees (8) Ltd. and MNL Nominees Ltd., representing 28.22% of the issued share capital of the Company

[whoppy] 11/6/2018 10:10

Sinky, the Warwick University trials showed that they reduced energy and heating costs by about 40%. Further analysis of the 'data' also showed that his could be reduced further. It's this data that can show where savings can be made. They use Algorithms. This was with GEN 1 equipment. Why this has never been followed up is a big question.

[sinkyj] 11/6/2018 09:54

Whoppy,

They don't have the power each plug has used (only on a very few Gen 2 sockets) They don't have the data on how much energy the heating has used. They don't have itemised large appliance energy data, fridges , freezers, cookers. Just Socket on, Socket off. Lamp on Lamp off. They don't know what was plugged into the socket at any point. Iron, curling tongs, vacuum cleaner. That's why the data without context is not useful.

The voice commands are sent back to Alexa and Google because the local hardware hasn't sufficient processing power to do the voice recognition. In fact, Amazon have just purchased a silicon company to stop so much data going to the cloud and do this locally.

You are correct, what you describe is quite useful and has value, unfortunately, it's not what lightwave have. I do know of companies doing this here and in the US. For large appliances, especially, there are very good ideas n how to montise this.

[dave4545] 11/6/2018 09:52

Has this departed guy got a big holding which he has dumped way below current prices
to explain the weakness ??

[whoppy] 11/6/2018 09:38

sinky, I'm talking about each device and how it is used and for how long etc. This amounts to millions of commands and data that is generated and logged. Imagine a record of every switch, plug, heating action, and how long, what time and how much energy that has used and have it as information on each household. Currently, energy suppliers have no idea what and how their customers use their energy, other than the meter readings. That doesn't tell them very much. Why do you think all voice commands are sent back to Alexa and Google. The data is very valuable as to what the consumer is doing.

[sinkyj] 11/6/2018 09:30

Whoppy,

LW only have 50K customers, that is far from a the largest vault of data in the UK and they don't even have products to connect to smart meters. The leading smart energy data company has at least 10x that amount and there are many other companies with innovative ideas on how to monitise that data also in the market. The best ideas have ways of contextualising that data, however, that isn't possible to do retrospectively. Without context the data has very little value.

[whoppy] 11/6/2018 09:28

Smarthome market is hot and growing. Products are there. Parties are interested. Apple is a huge partner to have to help drive sales. The data use LWRF have is worth a lot of money. This new guy knows how much data useage LWRF has and how much it's worth and who would be interested in it, and how to sell it. It's worth more than the company on it's own. Can't say much more, but we will have competing markets, data and smarthome, wanting to commercialise this.

[clocktower] 11/6/2018 09:27

whoppy the MM are not ripping anyone off with this one, in fact I think they are being very generous offering anything above 5p at present. Take the offer and run, more bad news to come imo. DYOR

[clocktower] 11/6/2018 09:24

Delighted to hear that sinkyj. Yes he did well raising the 5m but I am not sure he had any other value, as he clearly would have slung the hook straight after getting the money, if he had a plan that the rest of the board would not have supported.

IMO he was a weak link, no FIRE! Good Luck to him though, made some of us money.

[sinkyj] 11/6/2018 09:18

Not a surprise given the recent results. I spoke to AP a few times and he was a pragmatic, nice guy. Obviously very capable given his career, but he inherited a basket case. Credit to him to raise the 5m and to attempt to turn the company around, but in my opinion it needed bigger changes that I don't think he could get though or didn't want the fight.

Real problem was/is the total lack of sales growth, coupled with the now out of control expenses. $800k loss half year, no signs of that improving H2. I'm sure he was promised, as were the customers, a good pipeline of new products to drive sales. They havn't appeared. There's nobody there with a good manufacturing or even technical background to understand things like supply chain management. The CTO hasn't got any technical qualifications or knowledge. The new guy appears to be sales guy. Good look, but you can't sell what isn't there.

Don't worry CT, I have only dipped my toes back in, after being out completely. Much more than I would invest given this news, though. The rest went into a very HK stock 0601, where it has done very nicely.