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Iwantthatone, thanks for your valuable feedback. Learned something again.
TD, I think your calcs are a little bit wonky. You've taken revenue and put that into your 15 PE ratio, I think. If instead you take the expected net income in 2022 of $4.3m (about 1.1c per share at that point) then the share price would be 16.5c - or about 9p. Still a three bagger from here with further potential upside.
3p? Not exactly the bargain of the century is it? Can't see the point.
HL just sent out open offer at 3p
Thanks PC01
Production to start 3rd quarter 2020 in the rns, Allenby says shipment first q 2021
webinar might go up on youtube, listened to another of AVX's webinars on IOT on there recently.
Anyone taking up the Offer to Qualifying Participants of up to 25,000,000 Offer Shares at 3 pence per share?
It is not as if we could buy them and flip them for a small profit.
According to that Allenby report CAP-XX starts production Q1 2021, but their cash flow forecast says they have less than a million A$ at the end of 2020.
With Murata presumably still having stocks of these caps, how are CAP-XX supposed to fund production, and survive until they start selling and receiving payment for them?
Been out the country for a few days - but a few things ...as I understand it, £2.75mm has been confirmed, as well as a further £250k that could not for legal reasons buy in the original placement. So £3mm done. A further £250k for sale to PIs...it does make me laugh tho - the howls of outrage when the last raise was done at 8p and PIs were not given the chance...now the PIs can play along at 3p and its all teeth sucking and oooo, not sure, the SP at 2.9p etc etc...
Re PRs comments last night...whether one understands what PE stands for or not, I simply cannot comprehend how buying manufacturing equipment for less than 5% of cost to enable the company to make c 60% of margin on the whole trade rather than 6% on the IP is an amazing piece of work by CPX and AK. It will - in one fell swoop - transform the company from a loss making one to a profitable one. I agree patience will be needed, but the fact that Murata are standing by to ensure the transition is a smooth one is good enough for me. never did get my 20p by end of year...so what do I know, but think we are a much safer bet today than we have been over the past 3 years I have been invested.
And why should we listen to you t d when you don’t even know what p e ratio stands for. And Arm prided themselves on NOT manufacturing people power. It’s more risk and in the past they have failed. Research that! And indeed a k was keen to stress that were an ip company. This has been forced upon them. Not jam tommw now. It’s jam in a few years. Terrible.
I didnt take this into account, but of course valid remarks.
Dutch...do these forecasts take into account any further license deal, any further contract wins and last but not least successful litigation ;) ? A win against Maxwell will see this 10p + in the spring 2020 IMO
I imagine it’s going to be based in Aus due to the yearly rebates we will get.
I did a short dive in the Allenby report and learned following:
Murata had about 6.7 mln GBP revenue, CAP-xx is now projected on 5.2 mln in 2021 and 8.5 mln in 2022.
With assumed 400 mln outstanding shares, 52%-55% margin, Profit over equity ratio of 15, this results in:
Projected shareprice of 0.10 GPB in 2021, 0.18 GPB in 2022, whereas Murata´s proven revenue gives 0.13 GPB (And this is excluded any 3V FOB´s or whatsoever..)
What I also like is that they are going to produce themselves, this is for sure the better way forward.
What I do not understand why this is done in Australia (From cost point of view, I would do this in Malaysia, even if it is a high automated line)
Conditional on the basis that shareholders approve the motion, which I certainly will.
it was a conditional £2.75m raise. With the price now slightly below the placing price will they even get the money.
I think the main criticism is that the long period of silence from the company prior to the recent news caused the share price to drift south, thus the raise was done at the lowest possible price and involved issuing more shares=more dilution. (Got to say though there are many examples of where the sp has been spivved up prior to a raise on fairly flimsy RNS news). Expect the shares to move sideways till the placing shares are absorbed. Though may be some legal news to cheer up holders.
http://www.allenbycapital.com/research_886_3866217389.pdf
I need to read this through a number of times before it goes in.