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 Shares Traded Last Trade
  0.00 0.0% 4.75 0.00 08:00:00
Bid Price Offer Price High Price Low Price Open Price
4.50 5.00 4.75 4.75 4.75
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Leisure Goods 2.81 -2.54 3.80 1.3 6
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 0.00 GBX

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Date Time Title Posts
28/2/201516:25LightwaveRF plc - Specialists in Home Automation Systems458

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Lightwaverf Daily Update: Lightwaverf Plc is listed in the Leisure Goods sector of the London Stock Exchange with ticker LWRF. The last closing price for Lightwaverf was 4.75p.
Lightwaverf Plc has a 4 week average price of 4.50p and a 12 week average price of 1.70p.
The 1 year high share price is 11.25p while the 1 year low share price is currently 1.70p.
There are currently 123,583,446 shares in issue and the average daily traded volume is 20,336 shares. The market capitalisation of Lightwaverf Plc is £5,870,213.69.
sinkyj: "the Company may need to seek the support of its shareholders for the cancellation of the admission of its shares to trading on AIM in order to accommodate a significant investment. Alternatively, an investor may seek a controlling interest in the Company." I would suspect CC have sight of money to invest into the company, either their own or some related parties, but are obviously unable to in its current dysfunctional listed state. There's been no attempt to bolster the share price for some months, and the current procedure will satisfy the rules. Then it's delisted. New investment in. Restructure. Big spend. Bit of good news. 12 months down the line trade sale to Resideo. Absolutely, no special knowledge or knowledge of the take over rules. That's just my best guess knowing some of the people. Alternatively, Resideo could come and take the lot. However I suspect it a bit early and a bit messy in it's current state.
sinkyj: Good luck Whoppy. Many reasons for delisting. It's much cheaper and easier to raise off market now. On going costs would be lower. Later sale easier. I've no special information about the current situation, but I can tell you I know it was a frequent board discussion. You can do what you want with that information.Sale to Resideo is also likely. Nobody currently appears to think it will be at any premium to today's price though. One strange thing about the Resideo tie up : As i said before they have now successfully integrated with the Resideo heating system and are selling Resideo heating valves. Under normal LW rules that would require a share pumping announcement. None has been forthcoming. It's almost like they don't want the share price to rise.
sinkyj: Chinese Whoppy? . Have you been to China and seen the smart home tech? I've designed a reasonable bit of it myself. I can assure you Huawei won't be on the list of suiters. Dozens of smart socket and lighting suppliers. Some linked with names like Schneider. Xioami Mihome is superb and a fraction of LightwaveRF prices. As I said a little while ago, likely suiter is Resideo, as they are a perfect fit as they are up the same technological cul de sac. I believe their share price has halved since the split with Honeywell though. Not carefully read the RNS to see if this is a possibility, but, I warned several times about CC buying the rest for a pittance and taking it private again.
sinkyj: Very insightful CT, too good a sales director to make a good CEO. Also, you are correct they've found themselves caught between two stools. Wrong products and too expensive for a starter system. Too few new products and poor integrations for the high end. They don't even have the range they launched with many years ago. If you are at the high end you need your apps and installers to interface and integrate to whole house audio/video, blind systems, locking etc. Etc. I've not idea given the time and money why that hasn't happened. There's something very wrong. Most of the posts here seem to see the issues. I've spoken to quite a few ex employees in my time. Just about all have the same story, the Bod is completely remote to the company and has little idea about the technology or market the company is in. It's not surprising they are unable to guide the CEO. As many of you have said, there's just no buzz about the company anymore. Even if the update had said they'd doubled last year's, sales, there would barely have been a flicker of the share price. It's a shame, there are people I know that would have made the company fly. Everyone is doing the same products. Only as part of a larger ecosystem will the company survive now. The dimmer technology is very good. Using proprietary RF is the wrong choice. I'd say Resideo is the last hope.
clocktower: Todays RNS: Https:// 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."
sinkyj: 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: I can see where CT is coming from. There have been numerous "orders", collaborations and distribution agreements that have disappeared. Read carefully, it does seem to imply what Whoppy says, that the 500k is the first order to be delivered soon but I'd take nothing for granted. It's obviously good news but it's the sort of order they have to get to keep on track with the sales target. The 150k profit from it (if that), is still a drop in the ocean against 4m costs. Stocking orders are fine, but it's how the product sells though that matters. Who is paying to promote it in Europe? How much will they spend? At the end of the day, it doesn't matter what you, me or the gatepost think, the market appears to want to see it written on the plus side of the balance sheet first. The share price has made an all time low after the announcement. That's all I need to know for now. @Whoppy The factory can cope with big orders. The hubs are made in Poland but the switches and sockets are made about 10 minutes way from me in China. They can make about 3K units a day ($100k ish) on 1 line. Providing lead times on parts allow. Looks like it could double production easily.
mortimer7: Still think this has the potential for the share price to go on a little run. Just needs a bit of liquidity/volume. 100k buys this morning.... needs a few more.
ukdannyboy: Congratulations on predicting a retrace on the price at 16p. I’m in at 10p and I wasn’t invested at that price nor do I know what people said to you when you made such a prediction. I’m in here looking forward and in fairness you might be right, but also, you might not be. I looked at this with an open mind prior to investing and when I did I’m positive, I put my money where my mouth is by buying the share but I will quite gladly make criticism of the company where appropriate. I’ve already said the lack of updates is very poor several times and I blame that for he current poor performance in the share price which is why I think it’s at a good price now - suppressed by a lack of updates and interest. But can you not even accept that maybe (and the small amount of evidence we have validates this) they have in fact began to sell a European compatible product in Europe? Nobody is in here saying millions of units are flying off the shelf or making Crazy multibagger share price predictions, were just trying to get a forward look based on now, not 8 months ago.
ukdannyboy: The share price has suffered through a lack of engagement from the company with investors and a lack of interest from the share market. Had I been in here a long time I wouldn’t be happy at the lack of updates given to shareholders and the poor shareprice performance at all and can understand frustration from those who have been in a while and possibly bought in on spikes at 20p+. Having said that, the company made losses in the first half of the year due to a restructure of the way they distribute their products and the cost involved in doing so and the second half performance is expected to be better. They are also in the process of moving into the European market, which is a significant move and could provide good revenue figures longer term. If you look around smart Home technology forums there is quite a lot of positivity from those who use the actual products. I also doubt John Lewis would want to stock Lightwaves products if they didn’t see something long term with them. As I say, I feel the only reason for the poor shareprice performance is due to lack of updates and interest rather than anything sinister. If you YouTube ‘lightwave share talk’ there is a very informative interview with the old CEO who outlines all of this. I just wish the company would be more open about ongoing progress. I feel that when an update does arrive it will confirm entry to the European market, create a bit of interest and recover the share price to something more reflective of where the company is. It is easy to forget that at this time last year the share price was closer to 30p. I think at 10p a share, you have a good opportunity to make some money in the short term once some news is announced. The share has dropped today on less than £5000 worth of trades which is reflective of the inactivity seen on this stock for some time. I’d rather buy in when it’s cheap and quiet than high and noisy but that’s just me.
Lightwaverf share price data is direct from the London Stock Exchange
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