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Rojo - yes I can believe that!
But at least you made some ££. I traded ALM a couple of years back and made a few hundred
But I'm in for the long haul now.
Good to see a very positive capital markets day, my b/e is 36p so I'm happy to sit on this for as long as it takes
And cheers for the info Pablo
Very bullish capital markets day presentation. Both federated and orbital targeting $100million revenues in 3 years. High double digit millions in the next 12-18 months. Looks achievable and then makes them $billion companies if those figures are achieved. Bridgecomm promising. Single digit million $ revenue for 21 and double for 22 onwards.
Spin not dead and a proposal being made by arm and applied. Value in the ip also.
A HUGE disappointment this Allied Minds share.
Would you believe I bought in at c.£3 and sold half my holding at £6.80 ?
Looked good on paper and appeared to have a bright future.
If only I'd sold the lot.
Hey Ho.
Does anyone know what the negative volume trades are that have been showing up in today's data?
The RNS from Allied Minds seems downbeat and boring like usual. ALM make no mention of the fact that Orbital Sidekick have now completed the conditions for receiving another $16 million in U.S. Air Force funding, which is major news. The article that I posted from Space News is much more interesting.
However, the news of the Series A funding round of $16m bodes well for Allied Minds and the interest from the likes of Temasek derisk the investment and validates the product portfolio.
Edison only attach a fully diluted 3-4p valuation for Orbital Sidekick but I think this is on the lowside and will come good at some point in the near future.
Orbital Sidekick works, for example, with energy companies to detect and monitor pipeline leaks.
“We can see subtle changes in reflectance and absorption features in the environment,” Katz said.
Around underground pipelines, soil, vegetation and water reflectance changes in response to fuel leaks. Orbital Sidekick also plans to work with energy companies to directly detect oil and gas leaks.
Orbital Sidekick has established partnerships to conduct pilot programs with organizations including Phillips 66 and the Intelligent Pipeline Integrity Program, a partnership managed by the Energy & Environmental Research Center at the University of North Dakota.
“The energy and industrial sectors are under intense pressure to achieve ESG excellence,” Christopher Smith, Energy Innovation Capital managing director, said in a statement. “Meeting increasing social and regulatory expectations requires persistent and sophisticated asset and environmental monitoring. Orbital Sidekick’s Spectral Intelligence uniquely delivers hyperspectral imaging from space, allowing operators to monitor assets beyond the visual spectrum, across the globe, on a daily frequency.”
Orbital Sidekick also expects growing demand for information related to regional wildfire risk, global emissions, mineral detection and clean energy exploration.
Part 2/2
https://spacenews.com/orbital-sidekick-finalizes-series-a/
SAN FRANCISCO — Orbital Sidekick announced a $16 million Series A funding round April 13 led by Singapore investment giant Temasek that clears the way for the company to complete development of its first constellation of hyperspectral imaging satellites.
“Temasek is a great foothold within the Asia Pacific region,” Daniel Katz, Orbital Sidekick CEO and co-founder, told SpaceNews. “Like any other space company, one of our value propositions is serving clients on a global scale.”
After closing the $16 million investment round, Orbital Sidekick has completed the conditions for receiving another $16 million in U.S. Air Force funding.
In October, the San Francisco startup announced the $16 million award from the U.S. Air Force commercial investment group AFVentures’s Strategic Financing program to support the launch of its six-satellite Global Hyperspectral Observation Satellite constellation, known as GHOSt. Orbital Sidekick plans to begin launching GHOSt satellites in late 2021 on SpaceX Falcon 9 flight.
In addition to Temasek, Energy Innovation Capital and Syndicate 708 provided funding for Orbital Sidekick alongside existing investors Allied Minds and 11.2 Capital.
Because Orbital Sidekick’s lead investor Temasek is Singapore-based, the investment was reviewed by the Committee on Foreign Investment in the United States, an interagency panel led by the treasury secretary to examine investments with potential impacts on national security.
Although that review took time, Orbital Sidekick sees great benefit in its relationship with Temasek, an investment firm with a $300 billion portfolio and an emphasis on Environmental, Social and Governance (ESG) investment.
“Temasek takes ESG seriously and we take that seriously, too,” Katz said.
Part 1/2
Thank you Precious
Thank you Scoob (just watched one of your movies with the Missus)
“Allied Minds’ FY20 results confirmed parent cash of US$22.3m, with revenues of US$0.5m (FY19: US$2.7m), mainly from one-off engineering and service contracts. There has been no further material news on portfolio developments, with FY21 funding rounds anticipated for Federated Wireless, BridgeComm, Spin Memory and Spark Insights. Given their short-term need for cash, we have elected to reduce the value of Spin Memory and Spark Insights to zero in our estimated NAV, so any funding news should be a positive catalyst. Allied Minds’ shares trade at a c 46% discount to our FY20 adjusted NAV estimate of 42.5p per share, based on latest funding rounds. We will be interested to hear directly from the portfolio companies at the capital markets day (CMD) on 14 April 2021.”
@apple - ST continues - ".....even if you attribute nil value to the Spin holding, then analysts at Edison estimate that Allied Minds’ remaining portfolio companies and net cash of US$22.3m (6.7p a share) still have a combined value of £104m (42.5p a share)."
@apple - From ST "....a share of my NAV per share estimate of 65p."
Thanks for the useful commentary.
I saw the IC article heading and signed up for 3 free articles. It immediately told me I had used them all up and won't show me the new Thompson piece. I appreciate the has been wrong for some months but I am willing to take a very long view.
Does he indicate an estimated NAV?
Many thanks
Well someone’s certainly got confidence at this level
Two late trades of £58k aren’t to be sniffed at
Simon Thompson investors chronicle journalist has tipped this yesterday very bullish citing significant discounts v NAV and very positive.
KR
ZA
And Ditto again
I broker even many moons ago and should've sold but this is a LTH for me
FED could be worth more than ALM as a whole in time
That's why I'm still holding
Hopeful we can break back into the 30's
GLA
Ditto on the view... I've should have sold at 40 with some profit, but this one is a LTH.
Good morning. Another of my speculative long term punts, so far underwater that I need scuba gear to breathe. Any rise is good to see, I always had hopes that intellectual based collaborative work would benefit humanity. I still hope so.
GLA Roscon
if that's accurate then worst case the short interest is 0.49% as they say they no longer track it when it falls below 0.5%. Thanks Peter.
Googling found me this: https://shorttracker.co.uk/company/GB00BLRLH124/
Can’t vouch for its accuracy but shows no short interest since 2019.
Does anyone know the short interest for AM? Has it been increasing in line with the decline in the share price or is the fall mainly due to the selling consistently outweighing buying?
And its good to see CA adding to their position as ABC says.
I've still got some hope long term.
But my ideal scenario would be a PE bid for the lot
GLA
Pete
I'd quite agree with your theory regarding FED. It is by far the main reason why I'm still invested here. And I've long maintained it will be the golden egg in the portfolio.
But given how long you've been invested I don't think you've had the chance to hate the BOD as much as the rest of us.
I do think that buying in lately does represent a very good opportunity. So i wish you the best.
My b/e is 36p and I hope i make it back someday . . .
Good to see CA increasing his position.
I increased mine here by 50% today...
I first bought in on 23/02/2021 and topped up this morning.
It's part of a general shift towards value/recovery stocks in my holdings.
Main thesis is simply that the Federated Wireless holding appears worth more than the share price. As long as they realise that value anything else is a bonus.
The risk of value destruction continuing even further is a significant risk factor. I'm speculating that is playing overly strongly in investors minds.