Tekcapital Share Discussion Threads

[shovon1000] 22/8/2019 08:25

H1 Pretax Profit 4.421 Million Usd Versus 106,000 Usd Year AgoH1 Revenue 5.402 Million Usd Versus 1.278 Million Usd Year Ago

[rathean] 22/8/2019 08:20

Echoes of Woodford... NAV fairytales and hairy chested statements, in reality they have some interesting IP but far from realising anything like their paper value imo dyor ofc.

[hazl] 22/8/2019 08:16

The money is realised when the companies are sold on...it's a kind of fund.
These are upto date valuations that is the way I look at it.

[red army] 22/8/2019 08:16

NAV of 31p - no brainer

[hazl] 22/8/2019 08:13

OutlawInvestor
Member since: 19 Aug 2019

[superg1] 22/8/2019 08:13

DAve

There is no profit, it's profit derived form taking out a pen and revaluing the portfolio.

EG it's not cash, cash is very low.

It's what this type of company do. If PIs bought thinking oooooh big profit jump, dividends, plenty of cash, then they F'd up.

Not time they can add 5 mill more if they want on revaluation and call it 5 mill profit for H2 too. In reality it's just playing with numbers the money isn't real.

[hazl] 22/8/2019 08:13

With a name like yours no wonder nobody takes any notice of you.

[outlawinvestor] 22/8/2019 08:07

Babbler - no, the portfolio is an investment asset not an operating asset.

[babbler] 22/8/2019 08:01

they own 100 percent if some companies... so doesn't that mean they get a cut of revenue?

[dave4545] 22/8/2019 08:00

Where has the turnover come from because it's not from their investments as far as I'm aware.

Is this what they call fancy accounting ?

If profits were going through the roof at $4 mil for 6 months they would not have shafted shareholders with a heavily discounted placing recently

[outlawinvestor] 22/8/2019 07:58

If unrealised profit in May 19 is lower than Dec 18 doesn't it simply mean the portfolio has declined in value? AFAICT they haven't started, bought, closed or sold any companies this period.

[bishan bedi] 22/8/2019 07:55

Replicas - Again not very relevant to a company of this nature.

It is all about proving up one of the ideas and flogging it on, though presumably not the singing specs.

[bishan bedi] 22/8/2019 07:54

Yes finger in the air stuff with "Fair Values". They are not a particularly relevant number, though I doubt anyone would use them for much with a company of this nature.

To answer your question Dave:

Profit=
FV adjustment+
Revenue-
COS-
OPEX

[replicas1967] 22/8/2019 07:53

Turnover can't be Directors opinions, tho'

[eezymunny] 22/8/2019 07:50

Profits are just mark-ups of valuations of their holdings. They are just opinions of directors. The kind of profits to be extremely wary of IMO!

[dave4545] 22/8/2019 07:47

Where's this turnover and profits come from ???

I cannot make any sense of these numbers today ?

[hazl] 22/8/2019 07:31

'Service revenue cover appx. 63% of current cost base (H1 2018: 55%)

-- Profit before tax of US$4,421,279 (H1 2018: US$105,996)
-- Post end of period placement of 9,375,000 shares to raise gross proceeds of $940,000.'

[pjj71] 15/8/2019 15:38

oh no.. now they are doubling down on the musical glasses... you couldn't script it...

closed my short too early ;)

[hazl] 15/8/2019 07:16

'Sherman Shades are a unique combination of sports memorabilia and premium sunglasses. They were developed in partnership with Richard Sherman, cornerback of the San Francisco 49ers and Chief Brand Officer of Lucyd. The line includes four limited edition variants, each with its own purpose:



1. SHOWTIME. This wraparound goggle-style sunglass is ideal for training outdoors. It features an oversize polarized lens with extra protection for peripheral vision.

2. FIRE UP. An aviator in 49ers colors, with a classic style and a special ultra-dark lens perfect for driving. The lens also features an anti-blue light coating for protection from screens.

3. COASTER. A sunglass with a heavy-metal look and unique eye guards. For when you want to look extra sharp.

4. COOL DOWN. An icy clear frame that features a brand new type of lens: auto-tinting haze master. This innovation offers max protection against screens, darkens in the sun and slightly enhances night vision. The lens gives it the flexibility of indoor and outdoor

[hazl] 15/8/2019 07:13

FANTASTIC IDEA

[wogunremi] 06/8/2019 17:36

Interim results should be out soon.

[philjeans] 06/8/2019 16:03

Looking great value down here.

[hazl] 06/8/2019 08:09

TEK has 19% of Belluscura.

[hazl] 06/8/2019 07:25

' Dr Clifford Gross, Chairman at Tekcapital commented,

"We are delighted to see that Belluscura has further strengthened its balance sheet. The fundraise was conducted at 15p per share, a 50% uplift over the valuation Tekcapital listed for Belluscura in its 2018 Annual Accounts. The Directors believe that Belluscura's new device will help to improve the quality of life and reduce treatment cost for individuals suffering from COPD."