|13.12M shares in the < 3% category currently out of about 55.88M shares. Kestrel total now at 28.48%.
Living Bridge is probably the weakest link at 3.88%, 2,169,682 shares.|
|Good luck with whatever it is.|
|I sold out recently to rotate money elsewhere. No complaints since uplift was 50%+|
|The tone is very positive and indicative of a real sea change.
Annual report now out has:
excellent - 5 times
problem(s) - zero times
improv as the root - 30 times (not all related to the business directly, but an idication), improve - 11 times
challeng(e, es, ing) - 7 times and often related to what faces customers, only once to Ubisense in the past tense for 2016 and related to staff
solution - 13 times, mainly related to what the company offers
solution + solutions - 40 times
Increas (as the root) - about 40 times and vasty majority in a very positive tone related to business performance
risk - about 75 mentions!!|
|Look at Industry 4.0 and the potentially linch-pin role Ubisense can play.
Kestrels experience (via KBC) in plant management/optimisation through software makes their attention to Ubi extra meaningful to me. Profitability will come, interested to know the impact of the debt collection January 2017.|
|Very similar pattern to its stance at KBC Advanced Technologies which reaped big gains for Kestrel.Difference is, KBC was profitable.|
|I think its worth having a few if you can around 45p - especially if its Living Bridge tidying up for tax, or similar.|
|Might be tax loss selling out of the way by end of next week?|
|Kestrel have a man on the inside and the buys keep coming.
Interesting. Another 100K.|
|If Living Bridge are clearing out they have about another 2.5M to get rid of.
A limit will soon arrive where Kestral can take no more on board.
At that point it will be interesting to see if the price weakens as the results will be in the rear view, a seller active and the primary buyer not able to take up the slack.
Today - Kesteral and related parties have:
"15,815,493 Shares in the Company, which represents approximately 28.30% per cent of the Company's issued share capital."
In effect up to another 1.7% for Kestral and parties - 950K approx. - and they have to make a bid.
I think there could be an overhang for a while longer barring some news that encourages a big new demand for shares.|
|SIGNIFICANT is important and note DEBTOR.
Now, is a debtor collection a normal income or an income that was delinquent?
|There is a real incentive to get to 70p for bonuses. Now net cash as of 31st Dec 2016 and, not in the last results, is the impact of the further cash increase in Jan 2017 mentioned in the trading update below. Emphasis mine.
"The Company expects to report a net cash positive position as at 31 December 2016, which has IMPROVED IN JANUARY through SIGNIFICANT DEBTOR COLLECTIONS, and is in compliance with the banking covenants on its new HSBC facility."|
|Someone's soaking up stock here.|
|Kestrel buying again.|
|hew, not a vast amount of free float so long as Living Bridge don't look to sell down further.|
|Pinkfish, thank you. Sounds a sensible policy in recovery mode, which the Results do make clear. It was a recovery buy for me. I'll hope to see positive news flow on their site, then! Total sells less than £20K worth and the little rise remained, so indeed most holders would seem happy to continue.|
|hew, they have had their fingers burnt by over-reaching in the past, expanding too fast and some of the headlines were very heady. Stuff like "Ubisense tipped to rocket". Somehow I doubt they want to promote anything heavily but rather let future results speak for themselves.
Today was more or less what I would have expected but they didn't really elucidate on the January comments in the Trading Update. Could be they are saving that for the half year.
No sell-off on the results which is good. Just need to wait and see if patient money is watching and decides to take a stake. RTLS, Geospatial, Industry 4.0, IoT and SmartFactory are the places to be and Ubi have excellent exposure there.
Takes time to shake off the past.|
|New to following the Co. after buying a few on the Trading Update so good to see the quiet confidence shown by the Results. (Still to take a fuller look at the numbers.) Nice that the share price has popped up a little so I was surprised that the three small deals so far appear to be sells.
It seems they put contract and trading information on the website quite often but rarely via RNS, so people not yet interested don't get to see it. Wonder if that will change under the new management. Glad to hear comments from longer term holders.|
|Yes, looking better and healthier.
Ubisense starts making sense
It’s of course too early to tell if Richard Petti, the new CEO at Cambridge-based ‘Enterprise Location Intelligence’ systems supplier, Ubisense, can really get the company back on track as he only joined in December (see Ubisense locates new CEO). But the ‘slash and burn’ undertaken by executive chairman Peter Harveson after the ousting of founding CEO Richard Green in May last year (see Ubisense CEO senses it’s time to go – at last!) has at least given Petti a far better situation to start from.
Revenues are now back on the rise, up 21% to £26.5m in 2016, though still way below 2014’s £35m. Net losses have narrowed considerably from £16.6m to £5.3m, while a £9.2m gross operating cash burn in 2015 turned into a £0.3m cash enrichment, though net operating cash flow remains outbound, to the tune of £2m.
Harveson will cede executive powers during first half, but noted that they expect revenue and margin attrition as some legacy contracts reach term. However, he hopes the new focus on their software platform will help mitigate the decline.
As I have been saying every year since its IPO nearly six years ago, Ubisense really should be, quite literally, ‘right place, right time’. Let’s hope Petti can get it there.|
Still in recovery but on track and reads that some lessons have been learnt.
Not a bad entry point for anyone not already fully invested.
Cost under control, margins managed and looking to push upwards, revenue grew.
Products in software, hardware, services, maintenance.
A lot to go for in future and no major global OEM auto manufacturer commits to a flaky outfit. Ubisense have achieved that commitment.|
|Reads more or less as expected. Net cash as of 31/12/16 but the statement is largely backward looking and see no mention of the text below from the Trading Update.
"The Company expects to report a net cash positive position as at 31 December 2016, which has improved in January through significant debtor collections, and is in compliance with the banking covenants on its new HSBC facility."
Therefore the current position 3 months into the 1st Qtr of 2017 is likely better still.
"Excellent" used 4 times in the text - interesting. They are however not relaxing on cost control - GOOD NEWS. They will not get carried away like last time.
"The market opportunity for the Company is excellent, with both our software platforms demonstrating measurable return on investment for our customers. However, the Company is in a recovery phase and we continue to be prudent in managing our operating costs in line with the near term revenue opportunity."|
|Indeed. Hoping for a strong update next week.|
|From last trading update 27/01/2017 :
The Company showed continued good progress in terms of revenue growth, margins, cost management and order book, all of which are significantly better than those achieved in 2015.
Richard Petti, CEO, said:
"Ubisense starts 2017 with a strong order book and good momentum.|
|Ubisense Group Plc (AIM: UBI) a leader in high performance Enterprise Location Intelligence systems, will announce its annual results for the year ended 31 December 2016 on Tuesday 21 March 2017.|
|RTLS used properly could help prevent this type of death.