Ubisense Share Discussion Threads

[p1nkfish] 13/8/2018 15:20

pireric, totally agree. I think it is near and they are being careful with talking about the funnel. Probably a decent delay before knowing they have business and announcing.

Breakeven not far off imho.

Schneider, Hitachi, Honeywell, Bosch could all make good use of Ubi as a bolt-on acquisition to improve their offerings.

[pireric] 13/8/2018 15:11

She-ra. My personal opinion is that UBI need to demonstrate a clear move into profitability before this will be rerated again. They are still loss making and generally speaking companies, even technology ones, need to show some evidence of profitability before they reach the triple digit mcap £ figure. Some exceptions to that when growth is very fast though

[she-ra] 13/8/2018 15:06

That's rubbish when you are a shareholder you ramp like crazy without any negativity and post the exact same some ramping stuff on Interactive Investor and London South East under the name 'You_Having_a_Laugh'. I haven't believed the fake balanced post a week or so ago. You clearly need these to drop. YOU ARE NOT A UBISENSE SHAREHOLDER

You have lost heavily on Igas and other stocks losing the money you clawed back on Ubisense and now you want to get back into Ubisense lower so you can do it all over again.

Things have changed with Ubisense. They have broadened their markets with those two massive military contracts and things are seriously on the up. With their in house developed technology the margins are going to be significant. Canacord wanted in for a reason. You know this but you need people to sell to get the price down for you to maximise your profits.

You've been rumbled!

[p1nkfish] 13/8/2018 14:37

She, a rule of investing, say & see it as it is. I ALWAYS try to take a balanced view of everything I hold and that includes posting stuff that reads as less than ideal on the share in question.

Doing so helps me become detached.

It's also a good idea not to project your own thoughts onto someone else's actions. Doing so is highly likely to distort your reality.

As for the options : "Knowing the incentive helps predict the result."
We can say the 5M9 options (I thinks that's the number, please double check) will result in > 70p share price for enough consecutive days post Dec 14th 2018.

What does that mean? If it falls to some degree it is worth adding as the CAGR on share price could well be attractive - dyor & get out a calculator as to what price is attractive if it falls.

Someone has been letting small parcels into the market. Let's see if it goes < 70p, when if it happens and the response after Dec 2018.

[she-ra] 13/8/2018 11:04

You're clutching at straws with the share awards and clearly show you are a liar when you claim to be a shareholder. No one believes someone would deramp their own shares.

An approach for Ubisense or new contracts and you're stuffed.

[p1nkfish] 12/8/2018 23:08

Options, 2nd -3rd anniversary > 70p for 60 consecutive days. Non-event until Dec 2018 when clock starts ticking.

[p1nkfish] 11/8/2018 12:33

She, you are deluded. As for the options, read the release and work out what DILUTION etc.

At least do basic research.

I'm well up on this and Igas is going ok.

Thank you for your concern.

I guess you can only dream.

[she-ra] 11/8/2018 12:06

I suppose you need it to drop having recovered your losses on Ubisense only for you to go and lose those gains on iGas. You need to get back in and do it all over again. But its not going to happen. The share price is supported by some very attractive contracts and Ubisense's leadership in this emerging technology.
I suppose your biggest worry will be if companies such as Zebra Technologies, Honeywell, General Electric or Siemens make a move on Ubisense. Then you would be stuffed. Or if, as they are likely to, get more contracts then you are stuffed also.

Funny when you are shareholder you ramp this like crazy.

Your obsession with management options is bizarre. Kestrel Partners , the largest shareholder in Ubisense, who also have places on the board will be more interested in exiting at a significant premium. And I think that will be sooner rather than later.

[p1nkfish] 10/8/2018 20:02

I can see this falling back to sub 70p & the clock restarting on management options.

"If you know the incentive you can predict the outcome", or words to that effect.

[p1nkfish] 09/8/2018 19:58

T, the 900k is in this section.
Net placing proceeds of 5.2M but cash inflows from financing were £4.3 million.
The 900k difference was used to pay down borrowings and interest on that debt.

"Cash inflows from financing activities were £4.3 million (2016: £1.8 million). This included net proceeds from placings of £5.2 million (2016: £4.5 million) offset by repayment of borrowings and interest on those borrowings."

Haven't tried to trace where other 1.05m might have been used or stashed but if business activity was expected to tick higher, before it was announced (mil contract etc) it might have turned up in inventory.

[typo56] 09/8/2018 17:23

I take your point about the £700k, I'm less clear about the £900k.

I guess we should know in a few weeks. Perhaps the actual results will look more appetising.

[p1nkfish] 07/8/2018 21:39

Last paragraph accounts for further £900K leaving around £1.05m over.

"Operating cash flow before working capital movement was £0.4 million inflow (2016: £0.3 million).

Operating cash flows from operating activities after adjusting for working capital and tax was £3.6 million inflow (2016: £2.0 million outflow). Working capital improvements were driven by a reduction in the trade receivables balance at year end.

The Group had investment outflows of £2.1 million (2016: £2.0 million), which is largely made up of expenditure on product development.

Cash inflows from financing activities were £4.3 million (2016: £1.8 million). This included net proceeds from placings of £5.2 million (2016: £4.5 million) offset by repayment of borrowings and interest on those borrowings."

[p1nkfish] 07/8/2018 21:27

The 700k from Japan was used to buy the 23% controlling stake for the subsidiary. Could be further cash was also needed but have to wait for the Interims.

About £1.95m left over.
They went from net debt to net cash.
I've dropped the ball on keeping an eye on that, ideally the Interims will clarify.

"The net proceeds raised from the sale will be used to finance the purchase of the minority interest and to grow Ubisense's remaining business in the region."

[typo56] 07/8/2018 09:05

p1nkfish, looking at the £5.15m placing they said...

£1.5m to invest in the Company's go-to-market capacity
£0.5m million to invest in product development
£0.5m to re-engineer its RTLS hardware

That leaves £2.65m "to strengthen the Company's balance sheet"

If you discount the first three items amounting to £2.5m (but add in the £0.7m from the Japanese sale), is that about £2.5m cash loss from operating activities in 12 months? Is that a gross over simpification? Just I'm suspicious when an RNS is only about revenue and there's not even a mention of EBITDA.

As you say, interims should clarify.

[typo56] 07/8/2018 08:48

There was also the £0.7m from the Japanese sale?

Profitable when?

[p1nkfish] 07/8/2018 08:47

They spelt out the cash use in the past. It's in releases.

Interim will certainly add more detail and forward look.

No nasty surprises so far. Executing as expected.

[typo56] 07/8/2018 08:42

Yes, net cash increase of 0.9m. But didn't they raise £5.15m (net) since H1 2017? Where's that gone?

No mention of profit or projected date they might turn a profit in today's statement. What are the forecasts?

No, I'm not short. I found it unborrowable, but guess it would be possible if you tried hard enough.

[p1nkfish] 07/8/2018 08:36

IMPORTANT - helps explain name turning up with Decawave.
In future the hardware will be less important to UBI performance. Good.

"Our pipeline of opportunities continues to grow based on our software-led and hardware-agnostic strategy."

[from8to800] 07/8/2018 08:13

Are you short,typo?

[typo56] 07/8/2018 08:04

All about revenue. Nothing about profit. Cash burn over £4m since H1 2017? What's to like?

[p1nkfish] 07/8/2018 07:33

Margins should have improved with mix, that's key to compensate for revenue decline on exit of legacy geo and replacement with own. Increased go to market headcount should kick-in further H2.

Steady as she goes. The Japanese move looked sensible.

Dip below 70p and clock reset on options.

[from8to800] 07/8/2018 07:08

Ubisense Group PLC

07 August 2018

7 August 2018

Ubisense Group plc

Trading Update

Software orientated strategy delivering continued progress

Ubisense Group plc ("Ubisense" or the "Company") (LON:UBI), a market leader in enterprise location intelligence solutions, announces an update on current trading following the close of the Company's first half ended 30 June 2018.

Ubisense has made good progress in the period executing its stated strategy of growing revenue from own product enterprise software solutions. This has benefitted from improved sales execution, a focus on target verticals and continued development of highly relevant products to solve our customers' challenges.

Financial Performance

Financial performance in the first half is expected to show a greater than 40% increase in year-on-year orders received for a total in excess of GBP13 million (H117: GBP9.4 million). The Company also expects to deliver increased "own product" revenue of approximately GBP7 million (H117: GBP6.7 million) with order backlog in excess of GBP5 million (2017: GBP4.1 million). Total revenue is expected to be approximately GBP10 million (H117: GBP12.4 million) reflecting the anticipated decline in non-core Geospatial business following the disposal of the Japanese Geospatial third party services unit and the managed decline in non-core Geospatial third party services business. The Board expects to report an increase in net cash to GBP4.1 million (2017: GBP3.2 million net funds).

SmartSpace

Within the SmartSpace division, the order book grew significantly with the military training order in excess of GBP4.5 million, announced in June, together with orders from across the division. These included orders from our major German and US automotive and commercial vehicle customers, one of our long-standing North American transit customers and the first customer order from a European transit operator.. Our pipeline of opportunities continues to grow based on our software-led and hardware-agnostic strategy.

Geospatial

The Geospatial division traded in line with expectations and, having invested in its sales organisation, has delivered a better revenue mix, with further scope for improvement in the second half of the year. Product development activities delivered the launch of the myWorld for Salesforce.com partnership product, as well as the myWorld Capture product adding significant capability to field force operations. Having added key sales resources, the division continues to make progress in identifying new software opportunities in all regions particularly with telecoms operators in Europe and the US, and via our Japanese reseller.

The Company continues to trade in line with Board expectations

Richard Petti CEO said "In the second half of 2017 we invested in our global sales and marketing capability with the objective of growing our own-product pipeline. We are pleased to see this decision is paying off and resulting in significant increases in orders taken. The boost in orders confirms that our strategy is working well in our target markets."

The Company expects to announce its results for the 6 months ending 30 June 2018 in September 2018.

[p1nkfish] 27/7/2018 09:52

No trading update so far. If there isn't one it could mean interims are due sooner.
There is some precendent for a Trading Update in August when interims are released September. Other times no update and interims in August.

If they trip up on growth forecasts expect some punishment and clock to be reset on management options if it slips sub 70p, otherwise a little buying could push this towards 90p imho.