Tekcapital Share Discussion Threads

[bill216] 21/5/2024 11:31

Sorry Skipper, can't follow your banter, old boy

[institutional investments] 21/5/2024 11:05

Flyer confirmed. Drop off short of the mid 12 . Reduce riders

Will go boom from there

[institutional investments] 21/5/2024 10:37

Give you a proper breakdown Friday. Only looked be ause I saw buywell had mentioned it tbh

[institutional investments] 21/5/2024 10:36

Ie in for medium term anyway

Just imo of course

[institutional investments] 21/5/2024 10:35

Last post? A lot of money going to back it from there on derivatives. Sort of money that isn't just in for 20% . Liquidity a bit low which would expose them to liquidity sell risk and its not a consideration for them

[wsm812] 21/5/2024 10:24

I have read your message several times Inst. Inv. and still cannot determine what you are trying to state - please can you expand on your message for me?

[institutional investments] 21/5/2024 10:19

12 mid will be money backing 25p to start

[mr.oz] 21/5/2024 06:58

OAKBLOKE COMMENT

SALT
Microsalt got its patent pending approved for the US. It also had a very positive write up in Shares Magazine and previously the Investor’s Chronicle. (Although the Oak Bloke was there first ha ha).

Salt is going up more than copper!


As an aside it is interesting that TEK holds 33.3m Microsalt shares and which has recently been at a 60% discount to its NAV but is now at more than a 60% discount. You can buy TEK for 10.8p and 60% discount on a 28.6p share is 11.5p.

Each TEK share holds about 1/6 of a SALT share which is worth 20.2p. Why you’d want to discount a double bagger asset like Microsalt by 60% - particularly when it is PUBLICLY LISTED is baffling. TEK have a lock in period until next March. To bide the time Microsalt will be releasing commercial updates meanwhile as it is negotiating with multiple global food brands such as Pepsi perhaps, and CVS Pharmacy. BELL and LUCY are also listed and add another 1p per TEK share. BELL has staged something of a price recovery, albeit on no news, but LUCY languishes langourously on the Nasdaq. Intriguingly however, multiple institutional investors have bought into LUCY and a local fund manager in Boca Raton, FLA has spent $200k acquiring 1m LUCY shares.

[buywell3] 21/5/2024 06:15

--------- Connectivity Redundancy for Safer AV Operation ---------


Last Post Updated

Many members of the public are not happy with the recent erratic performances of driverless electric vehicles currently operating on the roads of America which are resulting in traffic violations and crashes

The National Highway Traffic Safety Administration is currently investigating two autonomous driving companies following incidents in which the vehicles behaved erratically and sometimes disobeyed traffic safety rules or were involved in crashes.

Hence IMHO the authorities will soon have to act and make decisions regarding safety concerns , videos of which are increasingly being recorded and put up on numerous sites

It is common sense that the 'continuous monitoring' of such AV's takes place and is recorded.

It is also obvious that in the event of an accident or incident involving an AV , that prescribed actions are put into place by a 'controller'

These 'control' actions will have to take place via Public Network 4G or 5G or Private Network 4G or 5G or some other high speed secure connectivity medium ie satellite.

There have been problems with aV's reported before, involving public network performance affecting AV operations. Obviously safety is compromised when this happens.

Therefore 'Connectivity' becomes a safety issue and the authorities must factor in how AV monitoring and control is achieved in a safe and reliable manner.


Hence

Connectivity Redundancy should become a safety requirement


This means having more that one connectivity medium to the AV from the monitoring and control operators which all operate at the same time BUT with the one with the best latency being chosen thus becoming MAIN and the second and third mediums being ranked as STANDBY1 and STANDBY2 in order of their respective latency rankings

Thus having 3 connectivity mediums become a safer operational option than 2 especially if the fastest connectivity medium ( lowest latency ie fastest ) is always automatically selected by the monitoring and controlling operational software


There is nobody to my knowledge that offers the above

In order to achieve secure connectivity and avoid hunting between duplicated and triplicated connectivity mediums --- perhaps a 5mSec connectivity differential could be implemented by the software having being continuously measured for a period of 2 seconds as being the lowest latency ie fastest before auto switching took place

ie After initiation and the fastest connectivity medium would be automatically selected eg most likely Satellite --- the control software would not automatically switch to Public Network or Private Network connectivity 5G -- UNLESS THERE WAS A 5mSec improvement over a 2 second time period -- this should stop unnecessary automatic switching/hunting to take place.


IMHO Satellite connectivity will increasingly become the first and the quickest connectivity choice due to new safety requirements

JANUARY 16, 2024

John Deere Announces Strategic Partnership with SpaceX to Expand Rural Connectivity to Farmers through Satellite Communications




BUT there are issues like Solar Storms that affect Satellites

13th May 2024


Solar Storm Crashes GPS Systems Used by Some Farmers, Stalling Planting
Livia Albeck-Ripka



Thus Connectivity Redundancy with auto switching seems the safest option

AND

IF the farmers had contracts with Guident then Auto switching to another Satellite operator operating like NOVELSAT together with Guident Controllers in a RMCC might have kept their tractors operating

Note

Alternative technologies to GPS including systems that use machine vision and artificial intelligence, or a more localized navigation system that would not collapse in a solar storm, are needed to prevent repeats.

ie

Satellites operate in different orbits and some will be more affected by Solar Storms than others

None the less --- Connectivity Redundancy seems necessary even for Satellites


dyor

[ohisay] 21/5/2024 03:43

Current NAV

Microsalt 20p
Guident 7p
Lucy/Bell/Cash 1.5p

Total 28.5p

TEK 10.4p

Discount to NAV 63%

A bit too much even for an old dog like TEK...

[vlad the impaler] 20/5/2024 17:39

Should crack on to ALTH's from there, over time

[vlad the impaler] 20/5/2024 17:37

Fair few placing cfd orders at 12 mid

Should get a move on if triggered

[buywell3] 20/5/2024 17:26

Many members of the public are not happy with the recent erratic performances of driverless electric vehicles currently operating on the roads of America which are resulting in traffic violations and crashes

The National Highway Traffic Safety Administration is currently investigating two autonomous driving companies following incidents in which the vehicles behaved erratically and sometimes disobeyed traffic safety rules or were involved in crashes.

Hence IMHO the authorities will soon have to act and make decisions regarding safety concerns , videos of which are increasingly being recorded and put up on numerous sites .

It is common sense that the 'continuous monitoring' of such AV's takes place and is recorded.

It is also obvious that in the event of an accident or incident involving an AV , that prescribed actions are put into place by a 'controller'

These 'control' actions will have to take place via Public Network 4G or 5G or Private Network 4G or 5G or some other high speed secure connectivity medium ie satellite.

There have been problems with aV's reported before, involving public network performance affecting AV operations. Obviously safety is compromised when this happens.

Therefore 'Connectivity' becomes a safety issue and the authorities must factor in how AV monitoring and control is achieved in a safe and reliable manner.


Hence

Connectivity Redundancy should become a safety requirement


This means having more that one connectivity medium to the AV from the monitoring and control operators which all operate at the same time BUT with the one with the best latency being chosen thus becoming MAIN and the second and third mediums being ranked as STANDBY1 and STANDBY2 in order of their respective latency rankings

Thus having 3 connectivity mediums become a safer operational option than 2 especially if the fastest connectivity medium ( lowest latency ie fastest ) is always automatically selected by the monitoring and controlling operational software


There is nobody to my knowledge that offers the above

In order to achieve secure connectivity and avoid hunting between duplicated and triplicated connectivity mediums --- perhaps a 5mSec connectivity differential could be implemented by the software having being continuously measured for a period of 2 seconds as being the lowest latency ie fastest before auto switching took place

ie After initiation and the fastest connectivity medium would be automatically selected eg most likely Satellite --- the control software would not automatically switch to Public Network or Private Network connectivity 5G -- UNLESS THERE WAS A 5mSec improvement over a 2 second time period -- this should stop unnecessary automatic switching/hunting to take place.


IMHO Satellite connectivity will increasingly become the first and the quickest connectivity choice due to new safety requirements .




BUT there are issues like Solar Storms that affect Satellites



Thus Connectivity Redundancy with auto switching seems the safest option


dyor

[888icb] 20/5/2024 14:47

TEK eventually responding to the 13% rise at SALT. Currently Up 3.63% and finally back to 10p.

[mr.oz] 19/5/2024 18:12

Thrilling news to share! NOVELSAT is stepping into the spotlight as a Silver Sponsor for the Autonomous Vehicle Day 2024 Conference, #AVDay24!

Get ready to be wowed by Gary Drutin, NOVELSAT’s CEO, as he shares insights on Building the Autonomous Infrastructure for AV Implementation and much more


Friday 31st May

[mr.oz] 19/5/2024 14:16

Guess who's back
Back again
Buywell's back
Tell a friend

[buywell3] 19/5/2024 10:59

IMO there could be news coming within weeks about progress in space for Guident partner NOVELSAT ---

www://novelsat.com/pressrelease/novelsat-and-guident-partner-to-boost-autonomous-systems-safety-with-space-connectivity/

The introduction of high speed satellite connectivity for autonomous operations and control along with ground based PTE's and 4G and 5G together with automatic switching in the event of failure of one of the connections will imo be a game changer --- safety concerns will demand such double/triple connectivity with automated rapid switching.

It would be nice to hear that such systems will soon be introduced at both the Florida BRIC and JTA


dyor

[qsmeily456] 17/5/2024 12:36

That's easy....that useless 🐓 at the top has massively damaged investability with constant dilutions and sell down returning nothing but negative value and lies to shareholders.

Thankfully we can all invest elsewhere in Bell etc not those 💩 specs🫨

>>>>>>>>>>>>>>>>>>>>>>>
The value proposition here is outstanding but I cant understand why the market won’t see the value. TEK can rise 100% from today’s price and still be at a discount to nav.

[bill216] 17/5/2024 11:05

Agree discount is amazing. Which is why I changed my strategy to split my TEK holding into Bell, Salt and Tek - viewing tek as my punt on Guident only rather than the whole portfolio. Although portfolio shares are cheaper inside Tek it's the percentage gain from this point that matters and I think that will be better holding the portfolio companies directly, given Teks reluctance to revalue. Could be wrong of course :)

[888icb] 17/5/2024 02:56

TEK had a better day today Up 6.94% and Number 37 on the Leaderboard however it’s discount to NAV of just SALTat 50% is ridiculous. BELL today was Top of the Leaderboard Up 28.5%. But look at the last month
BELL. Up 112.84%
SALT. Up 47.79%
TEK. Up 16.5%
It is the case that LUCY is down 25% over the month but its contribution to TEK’s nav is of little consequence. Guidance is not listed so we don’t have a market value for it,but it is definitely doing very well and will soon be making TEK’s discount to nav even greater.
The value proposition here is outstanding but I cant understand why the market won’t see the value. TEK can rise 100% from today’s price and still be at a discount to nav.

[888icb] 16/5/2024 06:18

Also BELL was up 19.5%. As you said this makes no sense.

[bountyhunter] 15/5/2024 21:30

MicroSalt goes up and this goes down, makes no sense given TEK's significant equity holding in SALT.

[davebowler] 15/5/2024 16:16

The Oakbloke says
Can Lucyd Armor save us?
Dear reader,

In FY23 Lucy results I wrote Nasdaq-listed LUCY needs 80% Quarter to Quarter growth in revenue and improvement in margin.

Net revenue for the quarter ended March 31, 2024 was $383,471, which was an increase of 165% from the quarter ended March 31, 2023. That sounds impressive. Various share news services are proudly broadcasting this. LUCY shares were up 22% at one point today. This year-over-year increase was primarily attributable to significant volume growth in the e-commerce channel, driven by the Company's strategic advertising and marketing initiatives during the latter portion of 2023 and through the current quarter, combined with recent new product launches (including the Lyte XL and Nautica® Powered by Lucyd collections).

Wonderful. But not so fast. Quarter to Quarter the picture is far less rosy.

$559,759 revenue falls to $383,471 vs my own estimates where an 80% growth to $1m in Q1 would put this on a path to profitability. We are miles away from any such outcome.

On a more positive note, Quarter to Quarter gross profitability increases $187k (to a positive but paltry $6,951 gross profit). The commentary points to discounting due to competitive pressures but analysis shows the prescription lenses generated that $7k profit while non-prescription actually lost money. No one else sells prescription smart glasses so what discount? It’s not at all clear.

Sales falling from 34% to just 4% of sales via reseller partners suggests the strategy of “small independent retailers” has comprehensively failed. LUCY speak to switching to larger retailers but say this will take time. A very disappointing development.

The Blueshift Premium lenses whilst providing a form of differentiation also appears to be an explanation of the high cost of sales of non prescription glasses. Why add this feature and sell it at a loss? It is frustrating to see this has detracted from progress towards break even. The lack of commercial control is disappointing.

LUCY management speak to realising some economies of scale in the cost of frames and in the area of shipping and logistics. However they (confusingly) blame the growth in prescription costs impacting gross margin too. If you compare revenue and cost of sales for prescription and non-prescription then this is completely contradictory.

LUCY say they are working with the current prescription lens provider to explore opportunities to reduce costs and we are also actively in discussions with alternative prescription lens suppliers who may help further lower lens fulfillment costs. It’s not clear why the costs have grown so much and why was there no price agreement in place? It sounds like a lack of commercial control - allowing the supplier to increase prices - have LUCY been taken for a ride?

The long-term goal of shifting the sales mix over time more towards the wholesale channel, which carries higher margins, LUCY claim as such sales to our third-party retail store partners do not include the cost of prescription lenses. Wholesale should never carry higher margins than selling retail (direct) to the end user. Another contradiction to contend with.

Future Outlook
Three new product lines - Eddie Bauer® Reebok® and the Lucyd Armor smart safety glasses line (Previously Lion) are due to launch in 2024. Meanwhile plans to launch new features for the Lucyd app in 2024, including a paid "Pro" version of the app, could provide another potential incremental revenue stream for the Company too.

Harrison Gross, CEO of Innovative Eyewear Inc., commented,

"After several years of rigorous R&D and brand development, I believe we are very well-positioned to capitalize on blooming consumer interest in smart eyewear. Recently, we have seen powerful incumbents such as Apple and Meta bringing renewed interest to smart glasses. We continue to expect that smart eyewear will be a key component of the generative AI revolution, due to their transparent interfaces and ergonomic form factors perfectly suited for voice-based interaction."


Tekcapital owns 5.2 million shares in Innovative Eyewear which is ~40% of the total issued share capital of LUCY. LUCY’s share price has dropped $0.29 to $0.20 since my Q4 update. Ouch.

At today’s market price of $0.20 that ownership is worth $1m/£0.8m or 0.4p/TEK share (TEK is £17.2m market cap total at today’s 9p ask). Because TEK has a controlling interest there’s a 15% mark up on the NAV so 0.46p/TEK share.

Conclusion
1Q24 is a disappointment. Those Investor publications who’ve regurgitated the 165% Revenue Increase year on year “news” have missed the point. You might as well boast that Smart Eyewear sales have increased since the Victorian times also.

The hope now is that Q2 addresses not only the cost of sale challenge but also the sales growth challenge simultaneously. As well as progress the launch of three new brands including one for a completely new type of glasses to a completely new type of customer (B2B Industrial) whereas 100% of marketing has been to B2C fashion and tech savvy consumers. The Armor glasses aren’t a bad idea but are also a huge distraction in a new direction.

$1.02m has been raised post period; but this provides about 2 months additional runway based on current cash burn.

I have finally run out of patience with this holding and am writing it off to zero in my analysis, pending a tremendous turn around in Q2 which I am now sceptical can and will arrive.

For UK investors who hold LUCY as part of TEK, writing off 0.4p per TEK share is actually less than increases at other TEK holdings, for example SALT has increased by 1.1p per TEK share (i.e. 95p/97p bid ask today) in the past 2 weeks.

A NAV of 23.6p excluding LUCY versus a 9p ask is a 62% discount where 154% of the TEK price is covered by the value of LISTED holdings (or 188% if we still include LUCY).


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[bill216] 15/5/2024 15:24

Cheaply, on the market I meant