Lightwaverf Share Discussion Threads

[clocktower] 11/12/2018 15:28

whoppy, your figures are not correct: "Cash balances at 30 September 2018 were £0.47 million (2017: £0.22 million)." + they have also drawn down £300k Post year end.

That £300k is secured again tax credits - and you have not made any allowance for what they have burnt through since year end.

Cash burn say around £200/£250k a month leaving them in deep trouble and unable to invest in marketing or R&D, and in desperate need of more cash imo.

[whoppy] 11/12/2018 15:23

The further planned products could be interesting, especially if they do a camera.

[clocktower] 11/12/2018 15:19

UKD - Unlike you I would buy back IF after much research I saw some reasonable prospects of LWRF becoming a success in the distant future - hence the reason I follow companies up and down and sometimes out but with luck some go up again and present opportunities, as is currently the case with BBSN and CRU to name but two.

While it would not be wise to buy on anyone's tips, it can be wise to do research on them and take a view thereafter. There are some very informed posters on these boards, and I would include sinkyj on this thread for example.

[whoppy] 11/12/2018 15:18

Cash of about £700k. Question is are they going to turn a profit in 2019? and what other announcements can they make with energy companies and house builders. With European sales how much will this add, along with a more focused marketing campaign.

[ukdannyboy] 11/12/2018 14:49

Agree CT has had some very dubious comments over the last 6 months here and I’d say his prediction on this falling was probably more down to his luck, or rather our bad luck, at the poor management of the company since AP left but certainly not something that could have been easily researched - I don’t think anyone expected the company to perform so poorly and take so long to sort out the historical issues. His comments certainly didn’t influence me, rather it was the prelim results, I sold out not long after. I certainly wouldn’t be buying anything he or anyone else tips on these forums that’s for sure.

But on the topic of these accounts CT is correct in one thing and that is that they’ve pretty much spent all of the money they raised and you do start to wonder where the moneys going to come from going forward. I can’t even say that I’ve shorted this as such, because that would imply I sold in order to buy back cheaper but as things stand I wouldn’t want to give these guys another penny of my money. I hope it comes good, I don’t plan to stick around bashing it every day but I feel this has gone from a good company with innovative products and good partners to one that is now slowly being cut out of the market by bigger companies who can offer similar products at lower costs with better marketing, budgets, bigger customer base and infrastructure to provide the ongoing support to customers. Just my opinion and the reason I sold and don’t plan to buy back.

I also think the ‘we’ve just launched to 20 odd European countries via apple’ tweet was a bit naughty to be honest.

[whoppy] 11/12/2018 14:10

mg78, I hear what you say and agree. I just think everything has taken a lot longer and has needed more money to get things moving in the right direction and LWRF are moving in the right direction and can pick up the pace. Barely scratched the surface still, imo. Other ways to market being planned and hopefully executed successfully, will boost sales. I think they will get the model right and sales will increase. The user reviews are very good and Lightwave do have a unique selling point with the swap out of sockets and switches. Apple is a big plus and who knows what they will do once traction in sales get going.

[mg78] 11/12/2018 13:21

You may be encouraged by that whoppy but really......

LWRF have announced in previous years how recent sales, post period, are up.

In the scale of things, such snippets should not be relied upon in giving a true indication of a companies health or prospects.

A few stocking orders or such like can easily hide a multitude of sins.

This looks to be a very distressed company in my view, now battling a highly competitive market where others have not only 'caught up' but are increasingly offering more compelling products......that work.

That first-mover advantage that once made the company interesting had has all but gone imo. This is why STRATEGY at the crucial time (and expertise at BOD level) are crucial. The original JS partnership excepted, this company has suffered from a lack of suitably high calibre support staff and directors in my view.

Ongoing R&D costs will remain high, par the course with the tech sector. That's ok if you're selling in high numbers and are looking to expand on what you have and NOT repair and make good what you have. If the latter, the progress of your competitors is only magnified.

The company will be looking to raise again before too long imo.

Very poor figures.

Over and out (and say it to the hand, Clocktower, I'm not interested).

ADYOR. The above is just my opinion only.

[whoppy] 11/12/2018 13:14

I'm encouraged by the 50% increase in the last quarter and another 25% on top of that for the last 2 months post year end.

[mg78] 11/12/2018 13:12

Agreed, gozo. Best ignored. I worked him out within a few days of his arrival here.

Clocktower = very low-grade poster. Tedious at best. And I mean AT BEST....entirely conceited and self-serving imo.

UKDannyboy, clearly naive and fresh to it....happy to reveal a remarkable amount to the market, seemingly without knowing......although we were all 'there' once upon a time so that is not at all criticism, just an observation.

LWRF has a raft of issues that run wide and deep I'm afraid. Very poor execution. Very poor road-map. Very poor strategy. The issues run back as far as Mike Lord in my view. His arrival effectively kept the business afloat initially, but the decision making thereafter left a lot to be desired (in my opinion).

No position held for a long, long time. I barely work with the markets these days.

My only astonishment is that this isn't trading significantly lower, given the news.

Regards.

[clocktower] 11/12/2018 12:57

LOL - Good Luck if your still holding this dog and I hope Apple come to the rescue and make an offer that will get some PI`s off the hook.

[gozo] 11/12/2018 12:49

You've missed the point as usual!

[clocktower] 11/12/2018 12:32

gozo, if it were not for my assessment, UKD might have held onto his holding. So maybe rather than attack my long held view that may or may not have had any influence of UKD doing further research and coming to the same conclusions that I had much earlier, you might prefer to highlight any possible upside that you can envisage in the stock, if you remain a holder or think my views are still wrong.

I welcome the debate.

12 months ago there were 35,343,621 shares issued in the company and they lost 2.39 pence per share, since the funding at 16p there are now 66,952,179 shares issued and they lost 3.80p per shares. In addition they have already had to draw down a loan of £300k secured by receivable tax credits.

Based on those simple numbers and the fact that the burn rate(based on last year) leaves the business struggling to invest or even support its current position, what do you think the options are,other than another funding at a discount?

Are you not concerned if you are a holder about the level of dilution that you are likely to suffer - or do your really truly think they could raise money at a premium.

So, how much will they try to raise £2 million or more and at what price - then how many shares will there be and how likely is it that the share price will continue to fall as they burn through that as well.

The one highlight that you could point towards, is the Key Performance Indicators numbers with connected devices rising by around 140k in the year to 30.09.18

If there are others please point them out.

[gozo] 11/12/2018 12:06

Or they simply can't be bothered!You know you've got some front Clocktower.....to be "delighted" that UKD has not sustained too heavy a loss in this stock.....you were bashing he'll for leather after he stated he'd bought in.....you need to take a long hard look at yourself. And then to top it off you post 3 or 4 stock ideas (which is bad form in the first place on any stock specific thread) for him to recoup his losses in.

[clocktower] 11/12/2018 08:54

Clearly any holders left that normally post on this thread must be in shock or sold and departed well before today or are living in false hope that it might recover before a funding at a huge discount.

[clocktower] 11/12/2018 08:41

Notice UKD - they made no breakdown on directors pay and perks or how much they paid Andrew Pearson to remove himself, after doing a very good job for them.

Another one of those AIM companies that is run for the directors to milk investors it seems.

Delighted you got out before taking an even bigger loss.

[ukdannyboy] 11/12/2018 08:11

How have they managed to spend/lose so much money?? Agree, huge placing on the cards here and will need to be heavily discounted.

[clocktower] 11/12/2018 07:35

There it is, all laid bear - only the bones left from the funding at 16p as expected.

Into borrowings already and burning cash at an alarming rate, will a funding be announced within hours or days to keep the BoD living in style on the back of investors?

Good try at dressing it up but a humping loss and not even jam tomorrow,

Funding at 3p or 4p I guess?

[clocktower] 10/12/2018 08:31

UKD - Nice RNS today on SPSY as recommended to research as per you 4583 - hope you did your research and bought in.

Little buy here to start the week but I expect the accounts will be the killer this month.

[gozo] 09/12/2018 16:03

6 trade.....possible RNS Monday morning??

[clocktower] 07/12/2018 12:25

UKD - ZIN moving north already, a lot more to come yet imo, hope your in by now.

[clocktower] 07/12/2018 10:12

UKD - Sorry that you have taken a loss here. A couple that you might want to research and put the balance in are CRU - SPSY - IME -and if you want to see a quick return but like a risk I seriously think you should change your view on ZIN as I am of the view you could recover your losses and more with that one quickly, however DYOR that is just my view and not advice.

[nar1] 07/12/2018 07:55

Kurran off the apprentice could have done a better job thisnlast year.Lol

[gozo] 05/12/2018 13:10

I stressed to the board at an agm the importance of adding a security camera....the reply was that there was a deal or agreement in the pipeline with Tatung or similar (can't quite remember now as it was a good few years ago) still this lightwave so coming soon could still mean years!