Tekcapital Share Discussion Threads

[ohisay] 05/2/2024 10:21

...The IPO of Microsalt Plc on AIM this month provides further tangible evidence of the deep value in Tekcapital’s portfolio.
Tekcapital is trading at a 50% discount to our fair value target of 20p.
In our view, the stock trades at a double discount to its long term potential because the underlying prices that constitute the majority of our fair value target are themselves depressed.
We rate the stock as Buy.

SP Angel this morning .

[lord loads of lolly] 05/2/2024 09:59

It would be hard to be 7.5p up after costs & spread, even if you'd timed your purchase to absolute perfection. Which you didn't.

[qsmeily456] 05/2/2024 09:14

Beware the NEW rampers.....exit with a decent profit.....7.5p up🤣

[888icb] 05/2/2024 08:46

As SALT continues to rise Up 1.82% it is good to see TEK starting to respond currently Up 2.5%. Let’s hope for a strong rise as the value of the stake in SALT is confirmed by its successful IPO. The discount to NAV is simply ridiculous.

[888icb] 02/2/2024 16:15

SALT now UP 8.9% at 55p and Number 14 on the Leaderboard

[smidge21] 02/2/2024 16:12

Presumably wannabe owners of SALT switching out of TEK into the direct play

[888icb] 02/2/2024 16:09

SALT continues to rise through the day and is now Up 7.8% at 54.50p. It remains crazy that TEK is down on the day.

[weaverbeever] 02/2/2024 16:05

Forgot to say. Good luck everyone

[weaverbeever] 02/2/2024 16:05

I've pretty much lost money on everything I bought that was tipped by Simon Thompson Surely if he was a stood as he thinks he is, he would be a gazilionaireI hold a lot of Tekcapital solely for microsalt. Can really afford to by micro salt as well

[lord loads of lolly] 02/2/2024 14:18

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.

[888icb] 02/2/2024 11:40

Absolutely crazy situation. TEK down 7% but SALT is Up 4% following a 17% rise yesterday. Extract from Simon Thompson’s article on Microsalt:
“ 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.”
TEK’s Market cap after this mornings fall is £17.3 million!
The concluding comment:
“ 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.

[cheshire] 02/2/2024 07:55

It looks like the much smaller grain size matters when it comes to taste. Let's face it, why would there be so many trials of Microsalt by the food industry if it was the same as a product Tate & Lyle made over 10 years ago.

[ohisay] 02/2/2024 03:43

Key metrics in the ST I/C tip...

...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.

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.

...the 54 per cent share price discount to my spot NAV estimate of 22.1p is incredibly harsh.

[888icb] 02/2/2024 01:21

Times Business Market Report:
MicroSalt made a fast start to life as a listed company as shares in the low-sodium salt manufacturer, which had been priced at 43p ahead of its float on Aim, jumped about 17 per cent to close at 50.5p

[paleje] 01/2/2024 22:33

ST has a column on these this evening reckons spot nav on assets is 22p, current mcap 'incredibly' undervalued, his word not mine.

[ohisay] 01/2/2024 15:02

I guess there might be some Arbitrage nonsense played short term .

[babbler] 01/2/2024 10:58

https://www.cityam.com/thats-one-in-the-bag-uk-foodtech-scale-up-lists-in-london/

[babbler] 01/2/2024 10:47

Yeah but why sell today lol. Yesterday was higher.

[babbler] 01/2/2024 10:47

£14.3m at 43p. Current ask price 52p

[paleje] 01/2/2024 10:37

So TEK mcap is ~18m and their stake in SALT worth ~14.3m so .....the rest of their porfolio is worth less than 4m? Really?

[wsm812] 01/2/2024 09:18

Some people are happy with a quick 30% profit, and who can blame them. The way markets move recently have little to do with facts or fundamentals it appears.

[ohisay] 01/2/2024 08:57

Yes some folks cant do arithmetic...