Tekcapital Plc

-0.50 (-4.08%)
Share Name Share Symbol Market Type Share ISIN Share Description
Tekcapital Plc LSE:TEK London Ordinary Share GB00BKXGY798 ORD �0.004
  Price Change % Change Share Price Shares Traded Last Trade
  -0.50 -4.08% 11.75 288,285 15:53:52
Bid Price Offer Price High Price Low Price Open Price
11.50 12.00 12.25 11.75 12.25
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Computer Programming Service 29.05 26.37 18.60 0.64 16.63
Last Trade Time Trade Type Trade Size Trade Price Currency
15:58:19 O 25,000 11.755 GBX

Tekcapital (TEK) Latest News

Tekcapital (TEK) Discussions and Chat

Tekcapital (TEK) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2023-06-08 14:58:2011.7625,0002,938.75O
2023-06-08 14:53:5312.0030036.00O
2023-06-08 14:53:4811.7624428.68O
2023-06-08 14:49:3011.7626,7453,143.87O
2023-06-08 14:35:3411.759,5411,121.07O

Tekcapital (TEK) Top Chat Posts

Top Posts
Posted at 30/5/2023 11:18 by cheshire
As a result of the above, Tekcapital is significantly undervalued at the moment compared to its NAV. TEK's NAV per share was adjusted to US$0.38 (31p) at the end of FY22 while its current share price is 13.5p. There is significant potential for growth therefore, with MicroSalt's upcoming IPO a possible value inflection point for the company.The overall trend for Tekcapitals' portfolio is clearly up with steady increases in valuation each year since initial investment in 2018 (see chart below). From a technical standpoint, some consolidation was expected at this point, and the wide discount to NAV offers an attractive entry point.
Posted at 11/5/2023 09:15 by cheshire
So what will make the share price fly? In the past a good set of end of year results has improved the share price over following months, which are due quite soon. But other factors like interest rate direction and inflation are also factors that strongly influence sentiment in the Tech sector. The listing of Microsalt on Aim will also attract interest from the investment community. The current climate for placings is not good, so this increases the possibility that the Tekcapital board might be open to an acquisition from one of the big players in the fast food market, rather than go for an IPO. I suspect they would accept a bid of 50 Million Dollars for Microsalt, which would do wonders for the share price and also trigger the special dividend, thus proving the TEK investment model which will attract more investors.
Posted at 11/5/2023 08:36 by cheshire
Morning fellow investors and beer money traders. It's no secret that I am invested in Tekcapital. I have been invested here for almost 3 years, and am still very confident of significant returns. Currently the Tech market is taking a bashing so it has become an easy target for those that either get paid to knock a share or who are simply making beer money through betting on a downward move of the share price and then take every opportunity to destroy any positive sentiment that appears on these boards (Qsmelly and others). Predicting exactly when the TEK share price will re-rate is very difficult, and my own guesses have been wrong in the past, but it's really just a matter of giving things a little more time IMHO.
Posted at 18/4/2023 08:17 by paleje
ST maintains his buy view


(TEK:15.25p), an investment company focused on food technology, autonomous vehicles, smart eyewear and respiratory medical devices, has raised £2mn in an oversubscribed placing of new shares, at 15p, adding to the £2.25mn raised in a placing, at 16p, a couple of months ago.

Around £1.6mn of the cash will be used to fund commercial inventory of investee company MicroSalt, a business that has developed and makes a proprietary low-sodium salt. A further £1.5mn has been earmarked for Guident, a developer of remote monitoring and control software (RMCS) that improves the safety of autonomous vehicles and delivery robots, to build out an RMCS facility and fund the fabrication and testing of regenerative shock absorbers for prospective clients in the automotive industry. It’s a sensible use of capital.

For instance, MicroSalt continues to gain traction across the US, working with US Salt LLC – a leading direct supplier of canister salt to the US retail industry – for in-store sales of products across the US Salt system, and undergoing comprehensive testing with several major food companies. MicroSalt's SaltMe branded crisps and salt shakers are now being sold in North American supermarket chains, too. Zeus Capital was appointed corporate broker and Nomad to MicroSalt at the end of last year ahead of a planned IPO on London’s junior market. Tek’s 78 per cent stake in the company is worth $13.1mn, a valuation that has scope to double in the event of a successful IPO.

Tekcapital's portfolio fair value estimate at 17 April 2023
Portfolio company Carrying value 31 May 2022 Estimated carrying value 17 April 2023 Value per share
Guident $18.1m $18.1m 8.2p
Innovative Eyewear $27.1m $20.6m 9.3p
Microsalt $7.0m $13.1m 5.9p
Belluscura $18.9m $7.7m 3.5p
Smart Food Tek $0.04m $0.04m 0.0p
Convertible loan notes $1.0m $1.0m 0.5p
Portfolio fair value $60.5m 27.5p
Cash, receivables $5.3m 2.4p
Intangible assets $0.3m 0.1p
Total NAV $66.2m 30.0p
Source: Tekcapital's 2022 interim accounts and London Stock Exchange RNS since 28 July 2022. Belluscura valuation based on share price of 41p a share and holding of 15.138mn shares. Innovative Eyewear valuation based on stock price of $3.98 and holding of 5.19mn shares. Guident investment stated at 31 May 2022 valuation. Cash balance includes £2.25mn raised in February 2023 and £2mn in April 2023. Exchange rate used £1:$1.237.

Seeing the light of an undervaluation
It’s worth noting, too, that Tekcapital’s holding of 5.19mn shares in Innovative Eyewear (US: LUCY), the US operating subsidiary of Lucyd, the first company to deliver prescription glasses with Bluetooth technology, trebled in value to $20.6mn last week after it launched a new app that enables a voice interface for ChatGPT on its smart eyewear. The user can ask questions to ChatGPT through microphones built into Lucyd glasses and hear the responses through stereo speakers. The app works with many other hearables and may be used through a streamlined visual interface on any smartphone to enhance accessibility.

The rerating of Innovative Eyewear is certainly not in the price. I estimate that Tek’s spot NAV is $66.1mn (30p), or almost double its current market capitalisation of £27.2mn (15.25p). Moreover, cash on the balance sheet and the listed stakes in Innovative Eyewear and Aim-traded respiratory medical device company Belluscura (BELL) have a combined value of $33.6mn (15.25p). Effectively, you are getting a free ride on the shareholdings in Guident (last valued at $18.1mn on 31 May 2022) and MicroSalt ($13.1mn at 24 January 2023) even though there is a likely liquidity event for the latter.

So, although the shares are the laggard in my market-beating 2022 Bargain Shares Portfolio, I still expect a positive outcome. Buy.

Posted at 12/4/2023 22:24 by buywell3
Innovative Eyewear Inc are 67% owned by Tekcapital and trade on the US Nasdaq

At the close on the US Nasdaq Innovative Eyewear Inc common shares extended their gains from the day before to close at $4.46

Up on the day +0.06 (+1.36%)

This resulted in :

Market Cap $34,412,276

Over 13 Million shares were traded -- down from the 87 Million the day before

However note that only 7.72m shares in LUCY are outstanding

This means there are 15.44m LUCY Warrants ( 2 Warrants for every common share )


Also the Innovative Eyewear Warrants trade on the US Nasdaq listed as LUCYW

At the close on the US Nasdaq Innovative Eyewear Warrants shares extended their gains from the day before to close at $1.00

Up +0.1001 (+11.12%) from the day before

The value of the LUCYW 15.44 Million Warrants is thus $15.44 Million

Add the two together to arrive at the total worth of Innovative Eyewear Inc today based upon US Nasdaq listed prices at close:

$34,412,276 for the LUCY Common Shares + $15.44 Million for LUCY Warrants

= $49,852,276

Tekcapital own 67% of Innovative Eyewear Inc at todays close in the US Nasdaq

That 67% holding is worth 67% X $49,852,276

= $33,401,020

At the close today on AIM the Belluscura shares traded on AIM were worth

15,138,767 shares X 40.5p = 6,131,200 pounds sterling

or at todays rate in $7,652,964

Add the 2 Tekcapital listed companies holdings together

$33,401,020 + $7,652,964 = $41,053,984

At todays close on AIM the Market Cap of Tekcapital was = 27.11m GBP


That Tekcapital Market Cap in $US at todays rate

= $33,838,702


In other words the UK AIM Market of Tekcapital values the listed AIM shares of Belluscura , the cash generating and soon to IPO'd value of US MicroSalt Inc, the soon to be cash generating value of US Guident Inc at only:


Which of course is plainly absurd because the BELL shares alone are worth $7,652,964

It means that there is a negative value of over $7M attached to the BELL holding PLUS

The UK AIM Market values both Guident and MicroSalt at nothing

buywell expects MicroSalt to be IPO'd in the UK on AIM for a minimum of 40 Million GBP

The value of that MicroSalt IPO listing is going higher with every additional deal signed up

A trade sale of the Guident regenerative shock absorber would imo be worth a minimum of $30 Million BUT CEO Harald Braun sees better long term value in licencing it to probably VW or ZF

Likewise the RMCC software will be licenced as a SaaS model in autonomous shuttles at $20,000 a shuttle --- expect contract details later this year as cash starts to be generated


Tekcapital is a sitting duck for a takeover



Posted at 11/4/2023 21:30 by buywell3
The RNS today has sparked a buying frenzy in Innovative Eyewear shares in the US on the Nasdaq Exchange (LUCY)

Whilst there are only 7.72 M Innovative Eyewear shares listed

Over 87 Million have currently been traded

$4.40 +2.94 (+201.37%)
CLOSED AT 4:00 PM ET ON APR 11, 2023

The market has appeared to have liked the RNS

Shorters in Innovative Eyewear have taken a bath


Tekcapital currently owns 5,189,086 shares (approximately 67%) of Innovative Eyewear, Inc.

The rise in the closing price of LUCY on Nasdaq of $2.94

$2.94 X 5,189,086 TEK owned shares = $15,255,912

or at todays rate £12,277,957

With Tekcapital shares outstanding 164.85m

The rise in value of the Tekcapital holding of Innovative Eyewear shares per share

£12,277,957 divided by 164.85m shares = 7.448p

The market in TEK rose 1p

Then there is the value of the Tekcapital LUCY warrants to consider


Posted at 24/3/2023 05:11 by buywell3
------- The Salarius & MicroSalt & SaltMe & Pringles Story --------

buywell posits the following for readers to ponder:

01 August 2018 the story begins

Tekcapital appointed Victor Hugo Manzanilla as CEO to Salarius

Victor Hugo Manzanilla had a 12-year career at Procter & Gamble
And Procter & Gamble operated the Pringles brand of snack foods

2nd March 2020 and SaltMe chips are released on to the North American Market


On 2nd December 2020

Note that 4 flavors of SaltMe chips gets mentioned

So sometime between 2nd March 2020 and 2nd December 2020 the CEO of Salrius/MicroSalt , namely Victor Hugo Manzanilla decided or agreed with some other 3rd party , which 4 flavors of SaltMe chips should go to market

3) buywell posits that these 4 flavors where agreed with the people at Pringles
( Procter & Gamble had been acquired by Kellogs in 2012 ) -- obviously the Procter & Gamble management teams where to a large extent still operating the Pringles brand

buywell is of the opinion that the 4 flavors chosen for SaltMe were picked by Pringles as a real live market test of the MicrSalt product on chips in the US

a) The Original Lightly Salted -- brand of Pringles were NOT doing well ie last in taste tests as compaired with the Orignal brand ( normal salt content) being top place

buywell posits --- could the use of MicroSalt garner good public tasting feedback so that it could be used by Pringles on their Lightly Salted Original ?

b) the other flavors chosen were Cheddar and Sour Cream , that flavor was also getting bad taste tests comments ie in 3rd from last place

c) And BBQ were doing average --- middle of the road in taste tests at 13th spot so could it do better and move up the rankings if MicroSalt was used ?

d) Lastly Sour Cream and Onion --- very good seller for Pringles in 4th spot in taste tests and imo that flavor was also picked to see if tasting scores could be maintained with the use of MicroSalt or even bettered

MAY 27th 2021


December 29th 2021

Rick Guiney became the CEO of MicroSalt Inc and Victor Hugo Manzanilla remained as the CEO of Salarius


In the last 15 months since Rick Guiney took the helm --- SaltMe chips have been placed in circa close to 4,000 US stores and MicroSalt shakers in around 500 plus stores

The SaltMe brand and MicroSalt salt shaker brandshave become sought after brands in their own right and are carving a place within their repective markets -- PLUS

E-commerce progress;

• First e-commerce sales of MicroSalt Shakers have been encouraging.

• E-commerce sales of SaltMe Crisps have also been increasing.

• Microsalt is preparing to launch its fourth flavour in a 1 oz size to compliment the current product offering and to create a better variety pack.



a) Any major snack food brand is going to have to be 100% convinced that a switch to MicroSalt will NOT reduce sales

b) So they will need sales data and taste testing data over an extended period covering several different flavors

c) IMO 15 months data is now there to be investegated

Hence the MicroSalt RNS stated:

Successfully completed comprehensive testing of Microsalt with several major food companies.

MicroSalt is at varying stages of progress with these company's respective


Departments and will keep the market informed of further developments.


buywell reads that as at least 4 major food companies --- and with one or possibly more in the Procurement stage


Posted at 07/3/2023 10:30 by cheshire
As suggested by someone elsewhere, yesterday's transactions looked to be someone putting their shares into an ISA , selling from a trading account and then buying into the ISA to use the 2022-23 allowance. I currently have all my TEK holdings in tax saving wrappers. If you do a little research you will see many recommendations to buy TEK at the moment. Some here bought in the 30's and are now underwater, hence the current lull in the share price However, as we are very likely to receive several updates on the investee companies over the next 6 months the share price is only going one way IMHO. If we get an exit through the acquisition of one of the investees, the share price will re-rate overnight
Posted at 27/2/2023 11:19 by lord loads of lolly
cheshire - I'm a holder here (at much higher levels than its current price). Problem with Simon Thompson of Chronic Investments? Not so long ago, he was backing TekCapital at well over double its current share price. So zero credibility there. Though I'm hoping as much as he is that TEK will eventually justify a far higher share price than today's.
Posted at 19/12/2022 09:01 by cheshire
There has never been a better time to buy TEK shares IMHO. Microsalt alone could send the TEK share price sky high in 2023 as their impact on the snacks and ready made meals market is better understood by the investment community. In fact , we may not even see a listing, if one of the major food manufacturers decides to acquire Microsalt and have ownership of the patent themselves.
Tekcapital share price data is direct from the London Stock Exchange
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