Star Energy Share Discussion Threads

[davethechef] 14/9/2021 13:44

Executed finally at 0.92p. And up further!

[davethechef] 14/9/2021 13:33

Placed order for another 200k short while ago.
At the time, NT for even 50k now!

Just feel news might not be too far away.

But confident & feel too undervalued at this price.

[hedgehog 100] 14/9/2021 12:53

Just think what could happen if the company announced a juicy contract or two!

And it's still dirt cheap at 0.875p: market cap. a paltry £3.19M.

[davethechef] 14/9/2021 11:26

My wee top up of 100k has sent it up lol! Now can't buy 100k!?!

[hedgehog 100] 28/8/2021 11:30

STAR Technical Analysis from Investing.com:

"STARS Technical Analysis"

"Summary: BUY
Moving Averages: NEUTRAL Buy (6) Sell (6)
Technical Indicators: STRONG BUY Buy (8) Sell (0)"

[hedgehog 100] 28/8/2021 10:45

STAR Technical Analysis from TradingView.com:

"STARCOM PLC ORD NPV"

"Technical analysis"

"Oscillators Summary Moving Averages"

"BUY BUY BUY"

[hedgehog 100] 27/8/2021 12:26

Here are the details of STAR's last four placings:

18/04/2019 07:00 UK Regulatory (RNS & others) Starcom PLC Issue of Equity LSE:STAR Starcom Plc
"Starcom (AIM: STAR), which specialises in the development of wireless solutions for the remote tracking, monitoring and protection of a variety of assets, is pleased to announce that the Company has conditionally raised £637,500 before expenses through a subscription of 51,000,000 new Ordinary Shares of no par value (the "Subscription Shares") at a price of 1.25 pence per Subscription Share, (the "Subscription"). The Subscription is being undertaken utilising the Company's existing share authorities and has been subscribed for by a combination of new and existing shareholders.
The net proceeds of the Subscription will be used to pay suppliers in order to satisfy further demand for the Company's products, including the new Lokies padlock, details of which were announced on 5 April 2019. In addition, the Company intends to use the net proceeds of the Subscription to intensify its marketing and sales effort and for general working capital purposes. The Directors consider that undertaking an equity raise of this size at this stage will place the Company in a better financial position to pursue its strategy and, at the same time, avoid the requirement for more frequent capital raises that it has made in the past.
In addition to the Subscription and in an attempt to conserve the Company's cash position, the Directors are proposing to receive Ordinary Shares and/or options in lieu of historic unpaid director salaries and future fees as they fall. The details of these proposals are still to be finalised by the Board and any such proposals would be made subject to shareholder approval at a general meeting of the Company. Further announcements will be made in due course. ...
On Admission, the Company's enlarged issued share capital will comprise 344,449,513 Ordinary Shares. ..."


23/05/2018 12:37 UK Regulatory (RNS & others) Starcom PLC Placing LSE:STAR Starcom Plc
"Starcom (AIM: STAR), which specialises in the development of wireless solutions for the remote tracking, monitoring and protection of a variety of assets and people, is pleased to announce that the Company has conditionally raised £365,000 before expenses through a placing by Peterhouse Capital Limited of 14,600,000 new Ordinary Shares of no par value (the "Placing Shares") at a price of 2.5p per Placing Share, being the closing bid price on 22 May 2018 (the "Placing"). The Placing is with new and existing shareholders.
The Company is experiencing significant growth in revenues which it expects to continue following the early launch of the Watchlock Cube and increased demand from CropX, one of the Company's main customers. The net proceeds of the Placing will be used to build on this current growth and also enable the Company to negotiate more favourable terms with suppliers. ..."


23/01/2018 07:00 UK Regulatory (RNS & others) Starcom PLC Placing LSE:STAR Starcom Plc
"Starcom (AIM: STAR), which specialises in the development of wireless solutions for the remote tracking, monitoring and protection of a variety of assets and people, is pleased to announce that the Company has conditionally raised £315,000 before expenses through a placing of 14,000,000 new Ordinary Shares of no par value (the "Placing Shares") at a price of 2.25p per Placing Share (the "Placing").
The net proceeds of the Placing will be used to strengthen the Company's working capital and to satisfy the increased demand for its products...."


30/10/2017 07:00 UK Regulatory (RNS & others) Starcom PLC Placing LSE:STAR Starcom Plc
"Starcom (AIM: STAR), which specialises in the development of wireless solutions for the remote tracking, monitoring and protection of a variety of assets, is pleased to announce that the Company has conditionally raised £475,000 before expenses through a placing of 36,538,460 new Ordinary Shares of no par value (the "Placing Shares") at a price of 1.3p per Placing Share ("the Placing Price") (the "Placing").
The Placing Shares, which represent 15.2 per cent. of the enlarged issued share capital, were placed by the Company's brokers, Northland Capital Partners Limited and Peterhouse Corporate Finance Limited.
Use of Proceeds
As previously announced, the Company has received a number of large orders from key customers. The primary use of the net proceeds will be to expedite completion of the new orders and ensure the timely supply and delivery of the Starcom products to those customers by the year end. In addition, the proceeds will be used to repay the balance of approximately US$100,000 due to YA II PN, Ltd and certain other commercial loans amounting to approximately US$115,000. ..."



Here are my key points from this:

• No placing for well over two years, which is solid.

• The lowest placing price was 1.25p.

• Raises tend to be relatively small.

• Only the last raise was at a significant discount.

• Raises tend to precede a strong share price period.

• The raise prices are not too high (which could stimulate investor loss-cutting), and not too low (which could stimulate investor profit-taking).

• The company can raise any funds it needs, without excessive dilution.


The company will probably wait for some great contract wins to raise the s.p., and then raise: probably in the 2p - 3p range, if the share price is high enough.

[hedgehog 100] 27/8/2021 11:30

I find it sad that Stig is posting links to his own posts on Twitter, without revealing that the Twitter posts are in fact his own (i.e. Stockonomist on Twitter).

That is clearly deceptive and wrong ... trying to give the impression that there is someone else, on Twitter, bashing STAR, when in reality it is him.

Which makes it rather ironic that he is accusing someone else of being a conman .. and moreover, someone of quite impeccable integrity.

He is also posting false information about technical insolvency, and about STAR being technically insolvent, which it is not.
And even STAR's net current liabilities are only US$73K. which is a comparative pittance.


"Technical insolvency

If a company (or person) is technically insolvent that merely means that it has a negative net asset value; its liabilities are greater than its assets. The significance of technical insolvency depends on circumstances: it may be an indicator of serious problems that may lead to actual insolvency, or it may be perfectly acceptable.

It is perfectly possible to be technically insolvent, while still being able to repay debt. It is also possible to be technically solvent and unable to repay debt. This is because technical insolvency is based only on the balance sheet and ignores cash flows. In addition book value is very different from resale value. ..."

[hedgehog 100] 27/8/2021 11:10

27/08/2021 07:00 UKREG Starcom PLC Interim Results

"Starcom (AIM: STAR), which specialises in the development of wireless, Internet-Of-Things (IoT) based solutions for the remote tracking, monitoring and protection of a variety of assets, announces its results for the six months ended 30 June 2021.

Highlights

-- Revenues decreased by 3% to $2.27m (H1 2020: $2.34m)
-- Recurring SaaS revenues increased by 3% to $1.1m (H1 2020: $1.0m)
-- Adjusted EBITDA* loss of $167,000 (H1 2020: loss of $167,000)
-- Gross margin for the period was 40% (H1 2020:33%)
-- General expenses reduced by 5% to $1.4m (H1 2020: $1.5m)
-- Statutory loss for the period of $531,000 (H1 2020: $716,000)
-- Strong pipeline of potential new orders over next few months
Avi Hartmann, CEO of Starcom, commented:

"I am delighted that despite the continuous challenges Starcom faced due to the COVID-19 pandemic we managed to show stable results with increased opportunities in the future. We now have several sales prospects we hope to convert when conditions permit, and I am confident that Starcom technology will continue to create value in this and following years."

*Adjusted EBITDA is earnings before interest, tax, depreciation, amortisation and share-based payment expense. ..."




Change % Chg Cur Bid Offer High Low Open Volume Chg Time RN NRN
0.10 13.3% 0.85 0.80 0.90 0.85 0.75 0.75 1,474,570 11:03:30 1 5


The market clearly likes today's RNS: STAR is currently up 10% on the day, at 0.825p, on volume of about 1.5M. shares traded.

[scuba doo] 27/8/2021 10:10

LOL!

Don't be too hard on him, anything that boosts my thread count is always welcome ....

[smithie6] 27/8/2021 09:15

"enrichment fund" for directors

is that an options package or what is it ??

options, quite normal I think

[terminator101] 27/8/2021 07:56

Gotta love these lifestyle outfits. This one even gives money to a professional enrichment fund. Hilarious. Note 14 of the accounts "Directors and the shareholders of the Group are each entitled to benefits, in addition to salaries, that include a vehicle, meals, cellular phones and a professional enrichment fund"

[knigel] 27/8/2021 07:53

Surprised he has stuck with this share through thick and (mostly) thin but fair play to him - nothing to get excited about in the interims except hints of possible positive developments in 3-6 months time so will monitor gla

[the stigologist] 27/8/2021 07:49

Piddler is a conman and a fraud

[beeks of arabia] 27/8/2021 07:11

Is the misunderstanding thread still running?!

[jack jebb] 26/8/2021 15:51

Very well thanks Doosan. I thought windass was a medical condition?

[scuba doo] 26/8/2021 09:58

Haha, good to see you chaps keeping your hand in so to speak.

I was in the Gym with Dean Windass the other day if that counts !

Hope you're both keeping well .....

[beeks of arabia] 25/8/2021 12:20

The wife had her pic taken with John Aldridge - popped up on my Google photo real yesterday however this was 5 years ago!

[beeks of arabia] 25/8/2021 12:18

Hope you are well sucre.Yes, poor season for celeb spotting. You need to head back to the golf course in leafy Surrey, seems that's where they all are!