Star Energy Share Discussion Threads

[hedgehog 100] 22/11/2021 09:08

I'm sure they'll be back on TRAC soon Smithie ...

[smithie6] 22/11/2021 08:53

btw
can not sell any of my shares, nor buy !
....the broker has not taken in to account the consolidation

so holders have the old number of shares, but the new higher share price

which is of course wrong, so the broker has frozen the shares till they sort it out

----

the fact that the broker does not allow to buy any shares show how screwed up they are today about STAR shares

[nick2412] 22/11/2021 08:23

This from the Friday Starcom GM rns :- "The Company will now make the appropriate filing with the Jersey Financial Services Commission for the name change to become effective and a further announcement will be made once this is completed."

Not sure of the timescales, but I expect the new ticker will be operating at some stage today or tomorrow.

[smithie6] 22/11/2021 07:45

the 8:1 share consolidation has effectively already happened & so the share price should open up at ~ 8 times the closing price on Friday.

but does anyone know when the ticker changes to TRAC ?
has it already happened & the shares will trade today under the new ticker ?

[smithie6] 19/11/2021 16:12

my mistake. you are right

but I still think that they will want to issue some news to start TRAC off in a good light

if they can

[hedgehog 100] 19/11/2021 13:25

I'm not sure I agree with that Smithie.

They'll be obliged to announce a large contract when it is signed.

And the STAR share price is doing very well, and attracting a lot of attention, so any good news will also get a lot of attention.

In addition, after the name change the list of company RNSes will still include RNSes from before the name change.

Look for example at QBT (Quantum Blockchain Technologies), which changed its name from Clear Leisure (CLP) in May.

[smithie6] 19/11/2021 13:12

any possible news, trading update or hopefully some contract news

will not be until after the shares are on LSE under the new ticker

TRAC

since any 'good' RNS issued under lse:STAR would be lost/ignored since on the old ticker.

[hedgehog 100] 19/11/2021 11:46

"LSE % Gainers Top Lists
EPIC Name %
WSBN Wishbone Gold +34%
PPC President Energy +12%
STAR Starcom +12%"


STAR is third on today's top risers list.

Which is cue for a nice cup of tea, I think.

Or should I say 'tea for two', LOL!


19/11/2021 11:22 UKREG Starcom PLC Result of General Meeting

"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 at its General Meeting ("GM") held earlier today, all resolutions were passed. The proxy voting results will be available on the Company's website, www.starcomsystems.com , later today.

Among the Resolutions approved at the GM was to change the name of the Company to t42 IoT Tracking Solutions plc. The Company will now make the appropriate filing with the Jersey Financial Services Commission for the name change to become effective and a further announcement will be made once this is completed. As part of the name change process, the TIDM ("ticker") for the Company's ordinary shares on AIM will change to " TRAC ".

In addition, Resolutions were approved at the GM for the Share Consolidation to take effect, details of which were set out in the Company's announcement on 3 November 2021, including the timetable of events. The Share Consolidation is expected to become effective on 22 November 2021 and admission to trading on AIM of the new 52,526,822 ordinary shares of no par value in the Company ("Admission") is also expected to occur on 22 November 2021.

From Admission, the new ISIN code for the Company's ordinary shares of no par value will be JE00BKVDPL34 and their new SEDOL code will be BKVDPL3.

Total Voting Rights

Upon Admission, the Company's issued share capital will consist of 52,526,822 ordinary shares of no par value with one voting right each. The Company does not hold any Ordinary Shares in treasury. Therefore, the total number of Ordinary Shares and voting rights in the Company will be 52,526,822 . With effect from Admission, this figure may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the share capital of the Company under the FCA's Disclosure Guidance and Transparency Rules.

Unless otherwise defined herein, capitalised terms used in this announcement shall have the same meanings as defined in the announcement published on 3 November 2021."

[nick2412] 19/11/2021 09:16

I think you might have to revise that 16p smithie ;-)

A nice start to what I believe will be a further re-rating as the Company pitches itself firmly in a sector that demands a higher rating and picks up smart container and other contracts as well.

I assume news will follow the name change and contracts can be timed appropriately of course.

Almost certainly the board would want news to come out and be associated with the new T42 IOT etc name and rebranding. News may not come immediately of course, but Starcom themselves have said they expect one or two material contracts before year end.

I'm intrigued by the t42 part of the name change and whether this means they are associated with the Container 42 project. The alternative explanation is that they are just being a bit cheeky with the 42 (answer to everything) element and have other smart container associations rather than the IBM / Intel etc. container 42 project.

[smithie6] 19/11/2021 08:13

~2p share price

~16p after /8 consolidation

much better pricing, around 1, 2p puts of many ppl I think, especially when it was 0.8-0.9p.

[hedgehog 100] 18/11/2021 16:37

Today's STAR close, up 13.89% to 2.05p, looks quite significant technically:
above the 2p resistance level, and to a new 3-year closing high.

And there's still plenty more chart upside.

[hedgehog 100] 18/11/2021 14:06

"STAR Starcom +13%"

STAR is now fifth on today's top risers list.

[smithie6] 18/11/2021 13:53

£10k buy at 2p

!!

[smithie6] 18/11/2021 13:09

btw

cap. value is now £8.2 million according to this website

with some dilution for options it is perhaps £9-9.5 million, still quite/very low imo (& if any options are exercised it will bring in some cash, useful for any growing company)

[smithie6] 18/11/2021 12:58

IPO in Feb. 2013 !!

8 years ago

hopefully it is coming good now, but sure has taken some time.

[hedgehog 100] 18/11/2021 11:12

"STARCOM - Shooting ahead!"


For the first time in years, this thread title is looking very appropriate!

It's nice to end the Starcom era on a high.

But I think the t42 era will be even better.

And wouldn't it be appropriate if the t42 share price quickly moves to 42p!

That would be 5.25p in current, pre-consolidation pricing.

[nick2412] 18/11/2021 10:07

Looking nice and perky before the 'new era' with the name change and potential contract news flagged up for this year comes into play tomorrow.

I hope they can get the ticker t42.

[smithie6] 12/11/2021 12:28

copied from a post on another website

(& will Maersk want to buy Starcom ?
....to add to the other rechnology acquisitions they have made)

or Hapag Lloyd....or any one of the big shipping companies

or !
a big mfr of containers !

[hedgehog 100] 12/11/2021 11:05

Smithie6 11 Nov '21 - 22:34 - 1585 of 1585 0 1 0
" ...I knew the number would be big but I hadn't realised it was that big."


I have a similar view about Starcom ... shortly the become t42 IoT Tracking Solutions!

This time next week the general meeting will be underway: starting 11.00 a.m. on 19 November 2021.

[smithie6] 11/11/2021 22:34

130 million containers !

I knew the number would be big but I hadn't realised it was that big.

[nick2412] 11/11/2021 19:53

That is the figure (shipping cargo lost or stolen) they are reporting in the article and in this one too.



It's a proportion from this figure:- "international liner shipping industry transported approximately 130 million containers packed with cargo, with an estimated value of more than $4 trillion."

It's where Starcom's / t42 Lokies digital lock product steps in as it is IoT connected and will give an alert if any container is being tampered with.

[smithie6] 11/11/2021 18:34

"$50bn of stolen goods along the supply chain" !!

really ??

is that number specifically for container based supply chain ??

[nick2412] 11/11/2021 17:42

400,000 closing UT trade at 1.8p as the re-rate continues before the re-branding and name change.

With $50b of goods stolen (a 2016 stat) stolen along the supply chain and 25% of perishable food products in shipping containers damaged and the need to monitor the temperature of pharmaceutical products it looks exactly the right time for smart containers and Starcom's / T42's products.




Looking forward to the coming weeks/months and finding out the partner names involved and size of the potential flagged up contracts. It may well be a bumpy ride and ultimately figures and contracts will determine value, but I suspect we'll be looking at a much larger market cap than 7m as developments unfold over time.

[hedgehog 100] 11/11/2021 13:19

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