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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Prelude Tst. | PDT | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 80.00 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 80.00 | 80.00 |
| Top Posts |
|---|
Posted at 03/11/2016 03:26 by rambutan2 A reappearance, albeit in a different guise:Still has a few familiar (as in header above) names in run off ports under its management! |
Posted at 10/9/2010 21:53 by timtom2 yep - shame really.Back in May Phy shipped the 30 Millionth chip - a success story for UK Technology PLC. I hope the founders manage to get out with decent $ and do it again for the sake of the wealth creators in this country. r.i.p. PDT. |
Posted at 09/9/2010 22:49 by orange1 Stake bought by PDT for 2.5 mio, exit price around 5.8 mio. |
Posted at 02/11/2009 12:25 by rivaldo Many thx Orange1. I don't really bother keeping up, except for looking at ZBD occasionally as I had a fondness for it. Glad to see Displaylink doing OK. Sciona was predictable! I think PDT did well by shareholders getting out when they did, though long-term who knows. I suspect in the current climate many investee companies will have had to fundraise and therefore dilute etc.I did come across this re Xmos which indicates it's doing well - could be a big winner still? "XMOS foresees soaring sales, expects break even in 2010 By Peter Clarke Page 1 of 2 Courtesy of EE Times Europe (06/24/2009 9:37 AM EDT) LONDON - Startup XMOS Semiconductor Ltd. (Bristol, England), a vendor of event-driven processor chips, is enjoying a sales boom that will see the company move from shipping over 50,000 units a month at present to hundreds of thousands of units per month by the end of 2009, according to CEO James Foster. "We expect to break even next year, within five years of founding, which is remarkable," he said." |
Posted at 24/10/2008 14:49 by rivaldo I'm sure no-one is reading this, but it occurred to me to say well done to the PDT board in flogging off the company at what must now be seen as a great price.Heaven knows where the share price would be now. I made a decent overall profit and am glad of it. Many moaned endlessly about the directors, with some justification. But for example, the selling of a large stake in OXB at 25p or whatever it was looks like genius now, as does exiting the markets at just before the recession (for shareholders anyway). Meanwhile those who moaned so repetitively and endlessly are, I notice as examples, stuck in Spark Ventures, at a fraction of former prices, or are/were heavily into Plasmon - now in wind-up mode. These were promoted as the much better alternatives to PDT. Enough said. ZBD, DisplayLink and others still look to be doing OK, but valuations will surely have fallen markedly. I'm glad to have exited at 135p and then with the takeover, but just wanted to give a shout out to the PDT Board. |
Posted at 12/6/2008 15:53 by fse I sold out of PDT a while back after many years of patience .... once again small investors were screwed. I can not see any positive side to whats happened.The Portfolio was worth a heck of a lot more than that.....its another sad day for the investment world and the type of thing that has driven investors out of the market. CRA look good and should go a lot further. My largest holding is in BVC BATM Telco Systems. If you are looking for a well run company with very solid fundamentals this is well worth looking at IMHO. Thanks to Rivaldo and Ornage and others ..... |
Posted at 08/4/2008 20:09 by russianlinesman GentsPDT has caused emotions to run high over the years, and nearly always the root cause has been bad management. If a long-term holder sells at 70p when the 'NAV' is 121p, you can be assured that that person did not do so lightly. I sold my PDT shares maybe 18 months or more ago, after patiently watching a promising portfolio come to nothing for 5 years. When I sold my last shares, the price was 1 Pound against an NAV of 145p or something. I too wondered whether this was the right time to sell, but at the end of the day, there is a great benefit to the emotional well-being which you achieve by cutting your losses. FSE has posted on PDT probably since I first held, so must have had his shares for 7 or 8 years. I hardly think that he's gloating if he admits he's sold now. Come on, we've all lost money on this company, which has paid management fees of in excess of £10m over 10 years. 6-figure salaries for all those years for Hook and co, whilst the value of the fund went down. They have been the only winners from PDT. Sad thing is Prelude will probably put most of us off VC investment for the next 10 years. The NAV is not a real number - never was - and they will not be able to sell this portfolio for it. If they sell the investments one by one over 3 years, the management fees will eat away more of the fund. |
Posted at 01/4/2008 22:21 by rivaldo Er, isn't 3i's move a good thing for PDT since most of PDT's portfolio is in later stage investments - i.e there won't be so much compettiion from new or earlier stage entrants? That's especially the case as many of PDT's investees have successfully raised money in the last year or two.Of course the markets are currently terrible for IPOs etc, but there have been a number of VC sales still happening. Xmos news dated 7th March - these guys look like they have the contacts and skills to get somewhere fast: "XMOS founder will 'Shape the Future' XMOS Semiconductor Founder and Chief Technology Officer David May has been cited as one of "35 People, Places and Things That Will Shape the Future". Listed in a special report by EE Times that predicts what it believes will have the greatest influence on the world in the years ahead, May is listed alongside such global icons as Al Gore, China and Google. "I'm certainly very pleased that a journal with the world-standing of EE Times has in effect chosen to recognise the great importance of parallel processing in this special report," said May. "It's a field of computer technology that I've been involved in all my life so I'm proud to be featured and of course it's flattering to be mentioned in the same breath as so many globally influential people, places and things." He continued, "The first microcomputer designed for parallel processing - the transputer - that I developed at Inmos in Bristol in the early 80's really has given rise to a major intellectual legacy here in the South West. Many young engineers joined Inmos and have since become the leaders of the area's most exciting and innovative electronics companies." "XMOS Semiconductor in particular, is today blazing a trail for parallel processing and I'm expecting that creative designers will use its Software Designed Silicon to bring intelligence to a wide range of consumer electronic products over the next decade." Before founding XMOS, May was Head of Computer Science at Bristol University, and previously spent 16 years in the semiconductor industry with Inmos and STMicroelectronics. The architect of the Transputer and the author of the OCCAM language, he has 33 granted patents and many pending patents centered on microprocessor technology. In 1990 David was elected a Fellow of the Royal Society for his contributions to computer architecture and parallel computing. He is on the Technical Advisory Boards of several semiconductor companies. The full report, "35 People, Places and Things That Will Shape the Future", can be found on-line at the EE Times Image Galleries at " |
Posted at 28/1/2008 22:21 by timtom2 Have been keeping a watching brief on PDT as an x-holder. May be worth buying back in again one day. No offence to ypu personally but I would expect a company CEO to say such things about his company. No CEO worth his salt ever says his company is overvalued or not special or not worth backing etc. etc.When the companies competitors say what Walker has said about m-spatial then I would sit-up and take notice. As far as not being profitable yet - when will they be and how long before the money runs out and more dilution is needed or they come to PDT with a begging bowl? Also, if PDT is to be sold on I would expect the portfolio companies to be rah-rah - they might have been told to be so. They must also be nervous not knowing who the new holder will unltimately be. At this stage I can't help but take all news on PDT and Portfolio companies with a healthy does of salt. |
Posted at 07/1/2008 08:13 by russianlinesman Interesting to hear what you say about the portfolio. I am aware that Rivaldo keeps up his work on the other thread, and would not want to party poop on the PDT info thread, but here's how I interpret the interim report (admit I am 2 months behind)DeNovo - requires further funding - all previous PDT companies which have been said to 'require further funding' have not survived. PDT have been bailing out DeNovo for nearly 10 years. Time to die. Sciona - likely need for further funding - revenues well down - if successful then likely subject to more regulation - can't see any reason why its fortunes should improve. To me, doomed. SiConnect - difficult to attract new investors - management wish to merge/sell. Nice idea, but markets in 2008 mean buyers can pick and choose, and who would want to merge with a loss-making company, other than another loss-making company. Sorry, see this one as doomed too. Kiadis - PDT invested in anticipation of a 15m Euro funding round - this seems not to have taken place (did I miss this?) and they wanted to IPO instead, which failed. Failed IPOs don't have a great record of coming back, as investors are rightly suspicious of why they didn't IPO in the first place. Maybe the fundraising goes ahead, but maybe funders are similarly nervous of the failed IPO. Jury out, not doomed, but not looking that clever. M-spatial - actively exploring funding strategies, including merger or sale - code for not doing very well. Probably missed its chance and overtaken now by google maps etc. Lime - invested £250k. Don't know about this, but when they start investing small amounts like that, it's usually a tiding over in the hope things get better (or new funding round is complete). Maybe am prejudiced in view of the previous companies listed, but we'll see. Finally, on ZBD, the largest investment, supermarkets are probably in for a tough year and am not sure that shelf labelling is something they'll be that keen to invest capex on. Presumably the retailers got their trials for free, so whilst good news that the technology is in the market, history is littered with decent technology that nobody was prepared to pay for. As I say, am not following the portfolio actively anymore, but that's just how I read the report. Could be some bitter old investor bias in here (and I guess I never really recovered from getting a letter from Wansbrook telling me basically to p1ss off). Obviously I have nothing against shareholders of PDT, to whom I wish all the best. Management is another issue. |
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