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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Tekcapital Plc | TEK | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 8.15 | 08:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 8.15 | 8.15 | 8.15 | 8.15 | 8.15 |
| Industry Sector |
|---|
| TECHNOLOGY HARDWARE & EQUIPMENT |
| Top Posts |
|---|
Posted at 22/3/2024 12:15 by lord loads of lolly retirementfund - only problem is, "at the end of the journey" we're all dead.In case you were referring to me, I'm not trying to do anything to the share price. Indeed, I don't think any single private investor could exert an iota of influence on it, even if they tried. I am still a holder here and do expect some form of re-rate - eventually. However, because of the way Tek is currently being mismanaged in my view, I decided long ago not to throw any more money at it, however low the share price. Presumably, since you believe "Tek is quite simply undervalued", you're doing the exact opposite at the moment & using every spare penny to hoover up the shares at this level? If not, why not? |
Posted at 21/3/2024 11:19 by lord loads of lolly 888icb - it's really NOT worth listening to that UK Investor interview at all.How can ANYONE take the presenter seriously when he starts by saying: "One of the best performers, I believe, so far this year in the AIM market is Tek Capital." Utterly clueless. Not to mention 100% misleading. Tek's share price was so shot to pieces on 1 January 2024, that - short of going bust - some form of recovery was pretty much inevitable. Doesn't mask the fact that Tek's share price over the past year has almost HALVED. |
Posted at 20/3/2024 12:26 by 888icb It is worth listening to the UK Investor interview. The CEO makes compelling cases for each of the 4 current investments including some imminent financing to move Guidant forward at pace. |
Posted at 18/2/2024 14:30 by 888icb I think you are right to bring some focus onto Guident as the importance of the recent RNS Guidant expands its strategic partnership was rather overshadowed by the Microsalt announcement on the same day.Simon Thompson last commented on 1st February on the day of the Microsalt IPO: “ The same is true of the company’s $18.3mn (8.1p) investment in Guident, a developer of remote monitoring and control centre (RMCC) software that improves the safety of autonomous vehicles and delivery robots. Guident has signed software as a service (SaaS) agreements with European partners to provide its RMCC software for fixed-route electric bus services, having delivered its first remote monitoring and control services order to Jacksonville Transportation Authority in Florida. The company has also been awarded funding from Space Florida for a ground breaking project under the Florida-Israel Innovation Partnership programme. Bearing this in mind, Guident has engaged a leading US investment bank to raise capital for expanding its RMCC business. At the bare minimum, it should provide investors with clarity that there is significant value in Tekcapital’s investment in the company. It’s worth noting, too, that Guident is conducting testing and appraisal of its proprietary regenerative shock absorber technology after completing successful paid-for proof-of-concept trials with a major tyre company. This could be a potentially lucrative recurring revenue stream, too. So, although Tekcapital is the laggard in my 2022 Bargain Shares Portfolio, and the share price is below the 13p level in my last article, the 54 per cent share price discount to my spot NAV estimate of 22.1p is incredibly harsh. Buy“ It will be interesting to see some increased valuation figures for Guident in the near future. Perhaps the success of the Microsalt IPO will cause them to consider an IPO for Guident. |
Posted at 17/2/2024 22:16 by bountyhunter From the SALT thread:bountyhunter17 Feb '24 - 22:00 - 38 of 40 Edit 0 0 0 What is your interest here PATT? I've not noticed you post here before. Anyone might think that you missed the boat and are scaremongering in the hope of getting in at a lower level. I don't see that Simon Thomson, the Oak Bloke and several large investors have all missed what you are suggesting. purchaseatthetop17 Feb '24 - 22:04 - 39 of 40 0 0 0 I am interested because I saw it rise and wondered why. I now know. It is because very few have bothered to read the data. I will open a sell as soon as the warrants are triggered for the reasons I have stated. bountyhunter17 Feb '24 - 22:05 - 40 of 40 Edit 0 0 0 That will not be until 129p then and if things are as you suggest then presumably you are not expecting the price to get there so that's a bit contradictory. If that really was you plan you would have just kept quiet and then done what you have suggested at 129p. Makes no sense to discredit at this point if you are really waiting for 129p as you would surely wait and take out your short at that price and then discredit. I never short personally as I consider it immoral but that's another argument. |
Posted at 13/2/2024 16:37 by lord loads of lolly 2MAGPIES - I totally agree with you.Clifford's oft-stated business model was 1) nurture holdings, 2) float them 3) reward investors with a special dividend for their trust & patience, 4) rinse & repeat. Unfortunately, he subsequently appears to have forgotten all about the shareholder reward bit. Except for his ridiculous salary & bonus, which he's been quite happy to take at all costs, whilst overseeing the decimation of Tek's share price. I've said countless times - both here and on LSE - that until shareholders receive their reward, they're generally highly unlikely to invest any further. Which is probably why every one of Clifford's investor interviews is like "Tek for Dummies". He has to start from scratch each time, targeting new unsuspecting punters, 'cos the original ones no longer believe a word he says. As for scrabbling around looking for new AI opportunities, that's a MAJOR red flag for me. Bit like babies losing interest in their toys (because - to deliver - they require a bit of imagination & interaction), throwing them all out the pram, then crying their eyes out, asking for new ones. WSM812 - I think you'll find Elie has repeatedly bought Tek at prices far higher than today's. Not my definition of knowing a good thing. |
Posted at 08/2/2024 18:42 by 888icb Article in this week IC just released:SMALL COMPANIES MicroSalt IPO highlights the value in Tekcapital The stake in one of its portfolio companies is now worth more than its own market value Simon Thompson MicroSalt has market capitalisation of £18.5mn at listing price Tekcapital retains 77 per cent stake and convertible loan notes Tekcapital spot NAV more than double its current share price MicroSalt (SALT:51.5p), a company that produces low-sodium salt, has raised £3.1mn, at 43p, in an Aim initial public offering (IPO). It’s less than initially planned, but in a moribund market for new listings, it is one of the few IPOs to get off the ground (‘Will MicroSalt whet investors’ appetite?’, 3 October 2023). MicroSalt’s patented solution dissolves much faster on the tongue, so delivers the same sense of saltiness as traditional salt, but uses half the amount of sodium, a major contributor to hypertension and heart disease. The company has created a consumer brand of potato crisps, Salt Me!, which are now sold across 400 retail stores in the US, and has launched its MicroSalt shakers in 450 stores in the US as well as on Amazon in both the UK and US. Moreover, the company has delivered its first commercial-volume order for a Fortune 500 retailer, which will use the solution for its own branded nuts to be sold across an initial 800 stores. Multiple multi-national companies are currently testing the product and are in price negotiations ahead of placing orders. In the first half of 2023, MicroSalt reported a pre-tax loss of £1.7mn on revenue of £0.3mn, so it’s the potential to scale up sales rapidly that whets the appetite of investors. Given the obvious health benefits of the patented product, it’s not going to take that many deals with large fast-moving consumer goods (FMCG) customers to ramp up revenue and turn a business with a relatively fixed cost base profitable. MicroSalt looks to have a winning formula. The IPO is also positive for Aim investment company Tekcapital (TEK:10.25p), which holds 33.3mn shares (77.3 per cent stake) in MicroSalt worth £17.1mn, and $2.6mn (£2mn) of convertible loan notes repayable in December 2025. Tekcapital’s investment in MicroSalt is worth more than its own market capitalisation of £18.3mn. Deep share price discount to sum-of-the-parts valuation In addition, Tekcapital has listed investments in Innovative Eyewear (US:LUCY), the US operating subsidiary of Lucyd, the first company to deliver prescription glasses with Bluetooth technology, and Aim-traded respiratory medical device company Belluscura (BELL). The holdings are worth £1.7mn (1p) and £2.1mn (1.2p), respectively, and are in the price for free. The same is true of the company’s $18.3mn (8.1p) investment in Guident, a developer of remote monitoring and control centre (RMCC) software that improves the safety of autonomous vehicles and delivery robots. Guident has signed software as a service (SaaS) agreements with European partners to provide its RMCC software for fixed-route electric bus services, having delivered its first remote monitoring and control services order to Jacksonville Transportation Authority in Florida. The company has also been awarded funding from Space Florida for a ground breaking project under the Florida-Israel Innovation Partnership programme. Tekcapital's portfolio fair value estimate at 1 February 2024 Portfolio company Carrying value 30 June 2023 Estimated carrying value 1 February 2024 Value per share Guident $18.3mn $18.3mn 8.1p Innovative Eyewear $4.6mn $2.2mn 1.0p Microsalt $17.1mn $21.8mn 9.6p Belluscura $6.3mn $2.7mn 1.2p Smart Food Tek $0.0mn $0.0mn 0.0p Guident convertible loan notes $1.0mn $1.0mn 0.4p MicroSalt convertible loan notes $1.5mn $2.6mn 1.2p Portfolio fair value $48.6mn 21.6p Net current assets (adjusted for second half operating costs) $1.0mn 0.4p Intangible assets $0.3mn 0.1p Total NAV $49.9mn 22.1p Source: Tekcapital's 2023 interim accounts and London Stock Exchange RNS. The company reports in US dollars. Belluscura current valuation based on latest share price of 20p a share and holding of 10.6mn shares. Innovative Eyewear valuation based on stock price of $0.43 and holding of 5.19mn shares. MicroSalt valuation based on share price of 51.5p and holdings of 33.3mn shares. Guident valuation as reported in Tekcapital's 2023 interim accounts. Exchange rate used £1:$1.268. Bearing this in mind, Guident has engaged a leading US investment bank to raise capital for expanding its RMCC business. At the bare minimum, it should provide investors with clarity that there is significant value in Tekcapital’s investment in the company. It’s worth noting, too, that Guident is conducting testing and appraisal of its proprietary regenerative shock absorber technology after completing successful paid-for proof-of-concept trials with a major tyre company. This could be a potentially lucrative recurring revenue stream, too. So, although Tekcapital is the laggard in my 2022 Bargain Shares Portfolio, and the share price is below the 13p level in my last article, the 54 per cent share price discount to my spot NAV estimate of 22.1p is incredibly harsh. Buy. |
Posted at 02/2/2024 14:18 by lord loads of lolly Cheshire - I think you’ll find Tate & Lyle called time on their low sodium microcrystal salt product some years ago.Despite the difference in crystal size, on paper Tate & Lyle’s Soda-Lo delivered very similar benefits to Microsalt, both in terms of taste & sodium intake reduction. I wonder why Tate & Lyle couldn’t make a success of it. And why investors appear so confident Microsalt will (despite infinitely smaller resources & far less commercial experience)? I hope I’m wrong (being a Tek holder still). But I fear this could go the same way as their other holdings. Requiring several further rounds of highly dilutive funding. Leaving Tek holders once again living not so happily ever after. |
Posted at 30/1/2024 16:04 by davesailing Governments and large food corporations are waking up to the health implications of high-sodium intake and MicroSalt is well-positioned to drive the reduction in consumption.In 2023, the company recorded a significant year of commercial progress for both its salt shakers and B2B business, including deals with two Fortune 500 companies.According to the admission document released last year, MicroSalt has established a commercial relationship with one of the world's largest snack food businesses, and Tekcapital further confirmed substantial orders of bulk low-sodium salt in its annual corporate review.© UK Investor Group UK Investor and UK Investor Magazine are registered trademarks of UK Investor Group Ltd (09932115) | All rights reserved?We'd like to show you notifications for the latest news and updates. |
Posted at 02/10/2023 08:14 by 888icb MicroSalt, a food tech company founded in 2018 by Victor Manzanilla, is the developer and manufacturer of a proprietary low-sodium salt. Using a patented process to produce salt crystals, MicroSalt claims to achieve the same teste as regular table salt but with half the sodium content.The widespread presence of salt in food and drink has been flagged by worldwide health organisations as the biggest contributing factor to cardiovascular disease. MicroSalt, which has enrolled the celebrity chef Jack Stein, son of Rick Stein, as an ambassador, has positioned itself as a "potential major disruptor" in this market. Tekcapital, a London-based intellectual property investment group, owns 97 per cent of the share capital of MicroSalt Limited and 78 per cent of MicroSalt Inc, its US subsidiary. MicroSalt Limited is inviting private investors to invest before its proposed admission to Aim on October 18. The retail offer is being conducted through PrimaryBid, a regulated capital markets technology platform that enables retail investors to participate in IPOs and secondary fundraising. The PrimaryBid offer, which opens today, |
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