Lightwaverf Share Discussion Threads

[buggy] 10/8/2015 08:48

Lady Liz,

I have not bought back in.... but I am glad this is rising as I have a lot riding on this.
I will hold what I have, neither buying more nor reducing.There is still a window of opportunity that if the management gets it right we will all be very richly rewarded. The concept is good, some of the products are good .. we are just lacking in effectively executing the plans to reach the stated objectives.

[lady liz] 10/8/2015 08:20

Buggy buying back in pushed the price up last week, in the hope it generates more interest and flys, so he can unload more rather than being a corrupt movement as suggested by Gozo. Has anything changed in a week that makes the business worth a lot more than the new investors have paid for a large slice.

[loobrush] 07/8/2015 21:34

Mayfair’s Committed Capital completes investment into AIM-listed smart home technology provider
News
GROWTH CAPITAL INVESTMENT BUSINESS, COMMITTED CAPITAL HAS COMPLETED ITS INVESTMENT INTO AIM-LISTED AFFORDABLE SMART HOME TECHNOLOGY PROVIDER, LIGHTWAVERF PLC.

The total investment LightwaveRF plc was seeking was £1.5m, of which the Mayfair-based company has invested £1.1m.

LightwaveRF plc, which enables households and businesses to remotely operate and control lighting, power, heating and security using smartphones, tablets, PC and MAC applications, plans to use the investment to accelerate market awareness, product sales and technology development.

The Birmingham-headquartered company will join other fast growing, tech-focused, companies within Committed Capital’s client portfolio, including TradeRiver Finance, an online supply chain funding solution, and Cloudhouse, a provider of cloud computing software that allows old Windows applications to run on modern operating systems.

Steven Harris, CEO of Committed Capital, commented: "The Connected Home market is potentially the next big technology revolution and could dramatically change many aspects of our daily lives. With estimated global revenues of $125bn (£3bn in the UK) and adoption worldwide in around 160 million homes by 2017*, it also represents an exciting investment opportunity. We believe LightwaveRF, with its unique range of products, will create significant value for our investors, and provide an interesting addition to our already diverse client portfolio.“

Mike Lord currently Chairman and CEO will take up a full time role of CEO in the business following this successful investment. As a result of this change, Barry Gamble, currently Non-Executive Director will take up the role of Non-Executive Chairman.

Mike Lord, Chairman and CEO of LightwaveRF, commented: "We now have a broad range of proven products in the market giving us a unique position in the Connected Home market. We will continue to invest in product development but now is the time to push more aggressively on sales and marketing to drive growth."

[clocktower] 07/8/2015 20:03

How long before they start selling/drip feed, and taking a huge profit? At least the stock will become a bit more liquid at that point in time.

Will we see the stock slip back below the 23p issue price once they have divested.

Look at other companies like PSL, and how many times they raised funds only to see the stock still standing below the 7p level that the last dilution took place.

[gozo] 07/8/2015 17:35

They walked it down and now back up...how corrupt....oh yeah I forgot this is AIM!

[nar1] 07/8/2015 16:47

Heading the right direction ^

[buggy] 02/8/2015 12:09

JMF69,

I have had further thought on the current re-organisation but feel that what LWRF needs to change is at the Operational Managment level.

The CEO and exec director level only provide the vision for a company. There is not much wrong with the vision. The company is failing in the execution .. and it is the operational management's level that executes to meet the corporate vision.

Going by the complaints in the reviews, people think product is not working mainly because the wrong set up instructions are included for the revision of the product. That is operational management's responsibility.

They can even simplify the time and cost of providing a set-up instruction in each product by providing a website link, in the packaging of each product, where customers can see or download the latest set-up instruction for their product rev.
This technique which has been adopted as a best practice for a lot of products has several clear advantage:
1. Saves the company on the cost of printing a set-up instruction for every product manufactured, ( that will run into millions of instruction sets printed each year).
2. Ensures the set-up instructions is always up to date, ( maintained in one source)
3. Allows company to maintain older versions of set up instructions for people that have earlier versions of the product
4. Most important of all, increase in customer satisfaction index.

JS might be a wiz at generating product ideas but I am not sure of his suitability for being an operational manger or who is working as his operational manager but it clearly is not working. maybe he should be moved into Technical Manager role while someone else becomes the Operational Managing Director who the operational manager reports to.

The company has good vision of where it wants to go, so the Executive boards and directors are doing their job, it is the operational bit , execution, that is letting the company down.
Hence they will need to re-structure the operational board as well as operational management.

Anyway that is just my views on how to save our bacon before this company dies. We have good product, great vision but are crass at delivering .. so change need to be on the team charged with executing this vision... and
to me that is operational.

[jmf69] 01/8/2015 08:10

Buggy - regarding your point 2. I believe the timing of order delivery was part of the reason for the high current liabilities but if you look the current trade and other receivables was also over 1m.

[jmf69] 31/7/2015 15:14

Mayfair’s Committed Capital completes investment into AIM-listed smart home technology provider

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Growth capital investment business, Committed Capital has completed its investment into AIM-listed affordable smart home technology provider, LightwaveRF plc.

The total investment LightwaveRF plc was seeking was £1.5m, of which the Mayfair-based company has invested £1.1m.

LightwaveRF plc, which enables households and businesses to remotely operate and control lighting, power, heating and security using smartphones, tablets, PC and MAC applications, plans to use the investment to accelerate market awareness, product sales and technology development.

The Birmingham-headquartered company will join other fast growing, tech-focused, companies within Committed Capital’s client portfolio, including TradeRiver Finance, an online supply chain funding solution, and Cloudhouse, a provider of cloud computing software that allows old Windows applications to run on modern operating systems.

Steven Harris, CEO of Committed Capital, commented: "The Connected Home market is potentially the next big technology revolution and could dramatically change many aspects of our daily lives. With estimated global revenues of $125bn (£3bn in the UK) and adoption worldwide in around 160 million homes by 2017*, it also represents an exciting investment opportunity. We believe LightwaveRF, with its unique range of products, will create significant value for our investors, and provide an interesting addition to our already diverse client portfolio.“

Mike Lord currently Chairman and CEO will take up a full time role of CEO in the business following this successful investment. As a result of this change, Barry Gamble, currently Non-Executive Director will take up the role of Non-Executive Chairman.

Mike Lord, Chairman and CEO of LightwaveRF, commented: "We now have a broad range of proven products in the market giving us a unique position in the Connected Home market. We will continue to invest in product development but now is the time to push more aggressively on sales and marketing to drive growth."

[buggy] 31/7/2015 12:54

yesrupnel,

Really depends on the intention of the new holder/s. At 23p they can flip this over very quickly on the next few RNS and take a profit.

Secondly this maybe a good chunk to have raised but I still have a few issues/questions/reservations which I suppose only time will answer.:

1. If this management is switched on they would have been able to predict their capital requirements and raised capital when share price was higher instead of the drip feeding that was going on. (hopefully Mike will be more switched on with regards to forward planning).
2. I have not got time to analyse the half year's account in details but at the last reporting they had
Cash equivalent of £57.5K
Current liabilities: £1,327,300

Current liabilities are due to be paid within the year ... so will most of this money raised be used to settle bills? That means that we have not raised nearly enough to allow the business to drive forward.

Hopefully Mike coming on board full time may drive this forward .. and I imagine he is coming on full time because he is not too happy at the direction his investment is going .. same as most of us.

Some people are keen to stress that Mike grew and sold his former business.. no one seems keen to point out that the previous automation company founded by JS & JS folded.

Anyway I can't sell due to the volume I have, but have to admit that I reduced by just over 120,000 shares over the few month, at a loss I might say.
Still have well over 300K of shares which I am holding until I see if Mike can grasp the bull by the horns.

[yesrupnel] 31/7/2015 10:35

To be clear - the company has a market cap of £3m - 12,64m shares and has raised in this fundraising £1.44m - 6.3m shares.

So Committed Capital will own 6.3m shares out of a new total of 19m shares - approx 33%. Which I assume gives them a very big say in the running of the company.

Would that make them a bigger shareholder than Mike Lord and JS?

[mortimer7] 31/7/2015 10:14

It was obvious from the Bal Sheet in the 1/2yr interims 22 May that cash was a problem & similarly the negative equity on the BS needed to be fixed.
Because of this & with the shares at 41p I was tempted to sell but was swayed not to mainly due to the profitability starting to filter through & also as a LTH I have a belief this will eventually come good.

It's a shame they waited so long to raise these funds (wonder how long it took to get this quantity of shares away), & makes me wonder whether they thought cash generation from trading might see them through.

Still it's done now, and a major issue has been addressed. Time for the management to focus on trading & profit.

[sinkyj] 31/7/2015 09:59

Now, the elephant has come out of the corner of the room, maybe we can start to move. No markets like uncertainty. The business has been crippled by lack of funds for months/years. Invested wisely this should make a difference .

[nar1] 31/7/2015 09:10

Totally agree with you MG78

[mg78] 31/7/2015 08:23

Sorry, that's not my usual style, but you've been incredibly tedious.

[mg78] 31/7/2015 08:23

Oh do shut up.

[mg78] 31/7/2015 08:22

Hi alynch. I've had little to say in recent weeks. We could all see extra cash was needed. Unfortunately it's one hell of a percentage.

[clocktower] 31/7/2015 08:20

Not the case mg78, until they provide a foundation of larger orders and potential built on performance.

[alynch] 31/7/2015 08:18

Well that's the plaster ripped off, what everyone was waiting for. That's a pretty big fund-raise for this company.

[mg78] 31/7/2015 08:16

...And don't expect to pick up any kudos for having predicted a placing.

It was clearly on the cards.

[mg78] 31/7/2015 08:15

Clearly picked up your 10K shares at last then Clocktower.

I fully expect you to change your tune from here on in.

I've seen your type a thousand times on advfn over the years; I have not felt at all inclined to engage with you over preceding weeks.

[clocktower] 31/7/2015 08:10

To have raised as large a sum as that the company must have provided a pretty strong case to obtain these funds and one thing it will do going forward I expect is make the stock a little more liquid in due course. That is a pretty big chuck of the business they have in effect purchased.

[clocktower] 31/7/2015 07:42

"To create market awareness" I think the market is aware of the products as they sit with major wholesalers. Rather than use the funds to ensure product is available, makes you wonder. As you say whoppy, any decent management would have gone for the money when the share price was higher rather than wait for this slump.

Still, one decent investor on-board but no reason to get excited about it imo.

[whoppy] 31/7/2015 07:21

Quite a large fundraising. Could of been at a worse price but why do it when the share price is at a low?? Should of done it when it was 40p.


LightwaveRF PLC Fundraising and Directorate Changes

LightwaveRF PLC

31 July 2015

LightwaveRF Plc

(AIM: LWRF)

Fundraising and Directorate Changes

LightwaveRF plc ("LightwaveRF" or the "Company"), the creator of the LightwaveRF Smart Home Platform and products for the Internet of Things enabling households and businesses to remotely operate and control lighting, power, heating and security using smartphones, tablets, PC and MAC applications, today announces a placing and subscription of 6,275,375 New Ordinary Shares at a price of 23 pence per share to raise approximately GBP1.44 million before expenses ("the Fundraising"). The Fundraising was conducted by WH Ireland and Committed Capital.

Application will be made to the London Stock Exchange for the New Ordinary Shares to be admitted to trading on AIM. It is expected that Admission will become effective at 8.00 a.m. on 5 August 2015.

Background to and reasons for the Fundraising

The Company has achieved significant progress during the first half of the year reporting its maiden interim trading profit from greater awareness of the Internet of Things and particularly the Connected Home. The business is continuing to develop its markets in the UK and internationally and has also made significant progress with its technology.

The fundraising will be used mainly to accelerate market awareness, product sales and further related technology development. This will focus on the domestic consumer and the commercial building solutions market.

Mike Lord currently Chairman and CEO will take up a full time role of CEO in the business following this successful fundraising. As a result of this change Barry Gamble, currently Non-Executive Director will take up the role of Non-Executive Chairman.

Commenting Mike Lord said: "We now have a broad range of proven products in the market giving us a unique position in the Connected Home market. We will continue to invest in product development but now is the time to push more aggressively on sales and marketing to drive growth."

Steven Harris, CEO of Committed Capital who were instrumental in the fundraising, added: "The Connected Home market is an exciting area right now and we believe LightwaveRF, with its unique range of products, will create significant value for our investors."

Committed Capital specialises in investing in and providing corporate finance advice to fast growing companies. They typically invest from GBP1 million to GBP5 million in promising businesses and have advised companies on a range of transactions up to GBP50 million.