Lightwaverf Share Discussion Threads

[whoppy] 24/1/2020 15:31

Not really. Lightwave are the only ones in the UK to offer new sockets and swithces for power and lighting to a high standard, in a way that the public can retrofit themselves.

[ukdannyboy] 24/1/2020 15:28

As Sinky J posted many times (and convinced me to sell and move on over a year ago) that there are too many competitors now offering better, cheaper and more supported products, better apps, better tech etc even a year or two ago let alone now. What was almost industry leading back in 2008 (so much so it attracted the interest from Apple) is quite simply bottom of the pile, almost obsolete in some cases. The tech has been replicated and improved by competitors whilst Lightwave and their handful of tech designers have failed to keep up.

[whoppy] 24/1/2020 15:28

New management would do much better. This is why it's likely the BoD will be removed and someone nominated by the other big shareholders appointed.

[ukdannyboy] 24/1/2020 15:25

Afraid to say but this is as good as gone, they’ve sucked out everything they can from investors.

What could have been a huge success with Apple, European expansion, possibly America etc has become a nothing. They clearly haven’t had anywhere near close to the sales expected. I’ve had a lot of emails over the last few months for flash sales of Lightwave products, it doesn’t seem like anyone is buying into it at all. R.I.P Lightwave.

[whoppy] 24/1/2020 15:21

I bet they don't get it and the BoD are kicked out. Buys coming in now. MM's bidding for stock.

[whoppy] 24/1/2020 15:20

Pursuant to Rule 41 of the AIM Rules for Companies, Cancellation is conditional upon the approval of not less than 75 per cent. of the votes cast by the Company's shareholders.

[whoppy] 24/1/2020 15:18

No they need 75%

[tomboyb] 24/1/2020 15:16

CC looks like the one for the resolution -

If it is a show of hands then this looks toast -

[whoppy] 24/1/2020 15:13

I bet you will see a few buys in the run up to the meeting for shareholder authority and then the other major holders requisitioning their own general meeting proposing the BoD be removed.

[whoppy] 24/1/2020 15:08

CC just put money in at 7p in December..that's bonkers!

[clocktower] 24/1/2020 15:04

Words that come to mind whoppy - Head - Sand -Bonkers :-)

[whoppy] 24/1/2020 15:02

The other shareholders may not agree to the cancellation of the AIM listing and instead propose that the BoD resign and new management be installed.

[whoppy] 24/1/2020 14:53

The Strategic Review remains ongoing and is still at an early stage. An information memorandum has been issued to a number of interested parties who have entered into non-disclosure agreements with the Company and BDO LLP ("BDO") with the intention to identify new value-creating opportunities within the business. BDO, acting on behalf of the Company in relation to the Strategic Review, is in contact with additional parties that may also be included in this process.

I expect Lightwave will still be trading after the strategic review and any offers or new tie ups or investment will scale the business. Holders will hope that the share price will increase in value after whatever the result is of the review and hang on to their shares which will still be tradeable, but just not on AIM. While the share price is at this low, it's possible someone might start building a position while CC are'nt able to, until they get a further waiver of the takeover code.

[tomboyb] 24/1/2020 14:38

Recommendation
The Directors consider that Cancellation is in the best interests of the Company and Shareholders as a whole. Accordingly, the Directors unanimously recommend Shareholders to vote in favour of the Resolution as they themselves intend to do, in respect of their own beneficial shareholdings amounting to, in aggregate, 4,338,073 Ordinary Shares representing approximately 3.51 per cent. of the Issued Share Capital.

In addition, Committed Capital and members of the Concert Party have indicated to the Board that they intend to vote in favour of the Resolution in respect of their shareholding amounting to, in aggregate 45,762,219 Ordinary Shares representing approximately 37.03 per cent. of the Issued Share Capital.

[tomboyb] 24/1/2020 14:33

Unfortunately this looks like one of many delisting from AIM -

[clocktower] 24/1/2020 14:29

Curtains as expected. Sorry for those that held on, better taking anything you can while you can rather than dream of a recovery imo. You have to accept you have been screwed over and will continue to be if you hold on. Been there done that, learnt my lesson, I respectfully suggest you do the same or obtain professional advice.

[tomboyb] 24/1/2020 14:05

going to 1p -

This is another delisting -

Aim quality -

[tomboyb] 24/1/2020 14:04

delisting -

[athnotts] 22/1/2020 22:10

think you've scared him/her off ;-)

cc must be way under water at the current valuation so i hope they have some paddles for the creek they find themselves up... whatever way you look at it the company needs new investors or an acquirer, so cc will have to take a loss, take dilution, or put more £ in themselves. simple as.

ps - reducing r&d investment is not a good idea imo (that's what they did last year over prior year re results, just posted) - see prior sinkyj posts for reasons why.

[clocktower] 21/1/2020 08:41

Where is whoppy?

How much longer can they stretch investors to pay their over inflated salaries?

Will CC now even want out?

[athnotts] 30/12/2019 23:29

given the length of time getting standards propagated generally takes i expect they have the time to alter course if they decide to do so. it will cost extra ££s though, or if catered for inside current spend envelope then new device development (i assume here they have some new stuff coming!?!) will push out, ie as they redirect efforts.

but more immediately it could lengthen the ongoing new investment and/or acquisition processes, as it's something new+important to figure out in terms of the investment/acquisition thesis and thus valuation, use of funds, merger strategy etc, etc.

[sinkyj] 23/12/2019 14:37

If the FT are reporting it's based on zigbee then they are wrong.   I do know a fair bit about this announcement, some under NDA so can only comment in general terms. It actually a high level protocol that will connect all smart home devices on IP (internet) protocol over many different physical layers, RF,  WiFi, Bluetooth. If it comes off then it's the most important thing to happen to this market and a sign that's it's matured. It will benefit any companies that can strategically position themselves around it. The market will grow exponentially once this standardisation is in place and mature.As a background to where we are now and to stop Whoppy saying LW can already  do this ,once again. Cast your minds back to Email.  Firstly there were many companies with different email systems AOL, micromail, Prestel, you could send mail to anyone on your system. Later the companies got together and with some 3rd party protocol  translators you could send email between systems, still not 100% reliable and no formatting.   After a few years an Email standard came in over the new IP (internet protocol). That meant you use any client, any server, any device connected to the internet and send and receive  beautiful mails with attachments and email became main stream. Smarthome is currently at the 2nd stage. Lots of standards with some connectivity by translating commands from one system to another in the cloud, sometime using tools with 4,5 and 6 letter acronyms and buying lots of different hubs to communicate to devices in your home . Homekit tried to go a little better than this, but of course it is still propriety to Apple.  It functions (most of the time) but the user is short changed in the experience and choice of compatible products. What is proposed is to take Smarthome to stage 3 and connect everthing using a protocol that runs over  IP6 .  The IP protocol can operate over WiFi, BT 5,   802.4.15 (the rf standard zigbee operates on top Of) or any other future communication system that IP6 can travel  over.  This will mean that any device from any manufacture and any app from any manufacturer or 3rd party will communicate seemlessly.  Zigbee systems could be reprogrammed to use a IP6 based protocol championed by Google called thread , which is why maybe the FT refers to the zigbee alliance.   That includes Philips lighting (hue), Legrand, IKEA, Samsung Smartthings, Resideo amongst others. Two issues for LW. LW Rf protocol cannot be used to transport IP, LW went up a cul de sac that they'll need to reverse out of at some point. I've mentioned that a few times.  Secondly it's not trivial to make UK dimmer switches work with thread or IP based protocols because of our unusual switch wiring with no neutral, the power has to be 'stolen' from the bulb and is quite limited. So, although this will eventually hugely benefit all of smart home, LW will have their work cut out to catch back up to the leaders. They've not really been exploring the leading edge of the market for some time. Of course they might choose to ignore it, and could still be successful in their strategy as a niche UK smart home direct supplier and installer. There are US equivalents that have done well. There again, there was the Uk Micromail email system. Have a great Christmas and successful New Year. Looks like 2020 could possibly be a historic moment in the smart home market.

[athnotts] 20/12/2019 16:27

i was assuming they would mandate all device partners would have to use the new standard, to get it established etc, that's all. i might be wrong, and probably it hasn't been decided yet as so early. and if they do that they will likely give them time to change over. don't know what it would mean for existing customers though. maybe sinkyj would know.

[whoppy] 20/12/2019 11:44

How come? LWRF works via the internet with Google, Alexa and Siri and Samsung Smart Things. It's also compatible with Apple Homekit app. It just takes the commands from the web via the LWRF link.

[athnotts] 20/12/2019 00:29

ft reporting new standard will be based on an existing standard called zigbee, which is not what lwrf use, so likely they will have to change if they want to sustain their relationships with apple, amazon, google - but also they will have time to do so too. probably for the best all around re a more orderly market.