Otaq Share Discussion Threads

[hedgehog 100] 10/3/2021 17:17

Still no thread header help from Montyhedge ... strange, as you would think that a fan of hedges would be sympathetic to hedgehogs ...

But instead of asking ADVFN's assistance, I've instead decided that it would be better to simply start a new OTAQ thread with charts, fundamental, and news in the thread header, which I have done:

"OTAQ Plc: Ocean Technology Aquaculture etc."

[hedgehog 100] 10/3/2021 17:07

Closing share price 10th. March 2021: 28p
30,577,779 shares in issue
Market capitalisation: £8.56M.


"MARINE TECHNOLOGY
FOR THE WORLD'S HARSHEST ENVIRONMENTS

From aquaculture to offshore energy, OTAQ delivers and supports world class marine technology products.

Innovation, experience and quality are the values at the heart of everything we do and have earned us the trust of our customers across the globe.

All OTAQ products are designed, developed, manufactured and tested in house to the very highest standards."




OTAQ Plc. was a 31st. March 2020 RTO (reverse takeover) of Hertford Capital, accompanied by a placing at 57.5p.

Hertsford Capital plc (then to be renamed OTAQ plc) prospectus (dated 24 March 2020) extracts:

"1. INTRODUCTION
The principal activities of the Enlarged Group will be the design, development, provision and support of marine technology for use in the aquaculture industry and the offshore oil and gas industry. The core aquaculture products deter predator attacks on salmon farms and the Existing OTAQ Group has a number of other products in development designed to deal with specific operational challenges facing salmon farmers.

2. VISION
The Enlarged Group’s vision is to become the market leader in the design and provision of technology and data driven solutions and services to improve the effectiveness of the aquaculture industry, specifically the salmon farming industry. The Enlarged Group is also seeking to expand activities in the offshore oil and gas markets inside and outside of the UK particularly in relation to the sale of its underwater connectors."

"3.3 Strategy and objectives
The strategy of the Enlarged Group is to build a business of significance within the aquaculture industry focussed on helping salmon farmers become more effective and helping them overcome challenges in their operations. Over time, the Enlarged Group intends to have a range of products designed to meet these needs that are based on a common infrastructure and a cloud-based information system. The strategy is to design, develop, install and support these products on an Infrastructure as a Service (‘IaaS’) basis on long-term rental contracts.
The Enlarged Group believes that being in control of all material aspects of its products is important to differentiate itself in the marketplace and develop innovative products. Using its heritage in sub-sea technology and engineering for the offshore oil and gas markets, the Existing OTAQ Group develops and continuously improves its products using its own mechanical, electronic and software engineers, all with decades of combined experience in bringing underwater technology products to market. The Existing OTAQ Group’s management team has many years of combined experience in aquaculture, marine and underwater technology products."

[hedgehog 100] 06/3/2021 19:32

MARINE TECHNOLOGY
FOR THE WORLD'S HARSHEST ENVIRONMENTS

From aquaculture to offshore energy, OTAQ delivers and supports world class marine technology products.

Innovation, experience and quality are the values at the heart of everything we do and have earned us the trust of our customers across the globe.

All OTAQ products are designed, developed, manufactured and tested in house to the very highest standards.

[hedgehog 100] 06/3/2021 16:55

Monty,

Thanks for commenting on my request 3 posts above:

montyhedge3 Mar '21 - 21:23 - 4136 of 4160 0 0 1
"Started that thread 219 days ago, forgot all about it."


If you're not prepared to help for some reason, please could you confirm that, so I can make the request direct to ADVFN.

Thanks.

I'll wait a few days, and if you don't respond I'll take that as confirmation that you won't be helping.

[hedgehog 100] 03/3/2021 21:42

OTAQ's five month chart downtrend looks to have bottomed in December, and is now heading up:

[hedgehog 100] 03/3/2021 21:33

New OTAQ director Malcolm Pye founded, and from 1999 to 2019 was Chief Executive of, Benchmark Holdings plc (BMK), the world's leading aquaculture health, nutrition and genetics business.

BMK's current market capitalisation: £378.50 million (at 57.5p).

OTAQ's current market capitalisation at 29p: £8.87 million.

[hedgehog 100] 03/3/2021 21:08

Monty,

Thanks for starting this thread.

Please could you add charts etc. to the thread header: you can do this by clicking on edit at the start of your header post above, which will bring up the following boxes which you can click:

Charts Long Term Chart Fundamentals News Follow Feed

Thanks in advance.

[hedgehog 100] 03/3/2021 20:53

25/02/2021 07:00 UK Regulatory (RNS & others) OTAQ PLC Non-Executive Director Appointment

OTAQ, the marine technology products and solutions group for the global aquaculture and offshore oil and gas industries, is pleased to announce that Malcolm Pye will join the Board of OTAQ as a Non-Executive Director with immediate effect.

Malcolm founded, and from 1999 to 2019 was Chief Executive of, Benchmark Holdings plc ("Benchmark"), the world's leading aquaculture health, nutrition and genetics business.

Malcolm has over 35 years' experience in international agribusiness through his various roles at Hillsdown Holdings (then HMTF Group), and through building Benchmark from the initial start-up into a major international aquaculture technology business serving the global salmon, shrimp, tilapia and farmed fish industries. Malcolm focused Benchmark's activities on animal health, breeding and genetics, advanced nutrition and knowledge/technology delivery and led the flotation of Benchmark in 2013, maintaining a lead role in investor engagement.

Prior to his founding role at Benchmark, Malcolm gained wide experience in the food sector from his various senior management positions within Hillsdown Holdings, operating in animal breeding, poultry production, feed milling and veterinary services. During this time, he developed extensive experience in breeding and genetics, food production/technology, sales (including account lead responsibilities within the UK / international retail sector with a range of bluechip companies including M&S, Tesco and McDonalds) and strategic M&A as well as holding a main board position within the Group.

Malcolm's work with Hillsdown Holdings in the early to mid-1990's influenced a career-long focus on sustainable food production which formed the basis and inspiration for the creation of Benchmark Holdings.

Alex Hambro, Non-Executive Chairman, commented: "We are really delighted to welcome Malcolm to the Board of OTAQ. Malcolm's experience in, and knowledge of, the global aquaculture industry is unparalleled, and will be of huge benefit to OTAQ as it develops and commercialises additional sustainable technologies and services for the aquaculture farming and producing communities. Our core SealFence acoustic deterrence system has significant opportunities for growth in geographies where Malcolm has built strong long-term relationships. Furthermore, his knowledge of additional farmed species other than salmon will be extremely helpful as we expand our range of products ."

Aside from the information set out in the announcement above, no further information is required to be disclosed pursuant to Listing Rule 9.6.13R.

[hedgehog 100] 03/3/2021 20:43

03/02/2021 07:00 UK Regulatory (RNS & others) OTAQ PLC GBP2 Million Funding Facility

OTAQ, the marine technology products and solutions group for the global aquaculture and offshore oil and gas industries, announces that it has a signed a five-year GBP2 million Coronavirus Business Interruption Loan Scheme (CBILS) Term Loan Facility with BOOST&Co.

The Company has a strong cash balance of approximately GBP1.4 million as at 31 December 2020 and the Board continues to monitor and explore its financing requirements, particularly to fund further acquisitions as the Company focuses on broadening its product and service portfolio to a global client base. As part of this objective, the Company has therefore fully drawn down on the GBP2m CBILs loan.

Phil Newby, Chief Executive at OTAQ, commented: "We are delighted with the additional flexibility that the loan provides, putting the Company on a strong footing to further grow its portfolio. We already have a number of new products in our pipeline while last year's acquisition of ROS Technology and our investment in Minnowtech's shrimp biomass measurement technology highlight our ability to consolidate our position in the sector."

Joanna Scott, Principal at BOOST&Co, said: "We are delighted to be working with OTAQ on its continuing growth journey and supporting UK businesses during this uncertain time through our CBILS programme. OTAQ's innovative products and dynamic management team put the business in a strong position to capitalise on its growth opportunities in the near future."

[montyhedge] 27/7/2020 15:07

Looks a decent set of figures.