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Thanks Ed for that comprehensive feedback. I am a fan of Star and my strategy is invest and hold, building stakes in companies where news flow remains positive.
That said wonder if you have a stake in Crimson Tide and/or have ever taken a look at it. You will see from previous posts I am invested here and very positive on its future
Hi Elbarracuda, if you look back over the history of STAR on any social media platform - the chat here in LSE included - the continued discussion over working capital - and let’s be specific here, possible placing - is one that’s never gone away. In truth any tech start up with aims to reach $50m MCAP invariably has to use a placing strategy to do so and we’ve had our share of that. It could be said that the unanswered questions about cash is currently what is holding this back from real value (however other tech stock doesn’t seem to suffer to the same extent). The reality is that STAR’s trading terms are positive and clearly designed to only have to use a placing in direct correlation to a whale of an order. I personally don’t mind a placing of it is evident to serve one of the massive orders we’ve talked about over the last few years. Will that happen? I don’t know. But I do know that whilst everyone has talked about it, STAR have gone about their business improving margin, streamlining costs and becoming more profitable - the cash situation therefore should be improving. When your talking about growth through recurring revs at 80% returns that can only mean good things for balancing the books against future orders. At the moment the story here is so good on STEADY growth, this isnt a volatile option - in fact the only volatility will come when we land one of a large amount of possible big deals. We have the banking facility that could also be reviewed (prev. Agreed on much lower performance figures and as far as we know as yet unused which can also only bode well for a review if needed). These latest RNS’s and deals are not factored into the Allenby upward forecast revisions so I’d expect another review there, we are/will be due a re-rate (surely) and, in my opinion already bottomed out here so everything is positive. Let’s see what the figures next month tell us - but spook at what’s happening currently against the value here. IMHO anyone “scared” to invest in that because of fears of a placing really should be asking if life as PI is even for them - there’s far greater risk elsewhere in more “successfull” pulp and dump options, that’s not my game. No advice given naturally and DYOR as ever.
Hi Ed - I am a fan and holder of shares and like you see loads of positives. My only possible concern is whether the Company presently has sufficient working capital to fund and develop all the product lines. You have obviously done a lot of research into the Co.
Would value your thoughts
Thanks Riddler - sometimes not easy seeing the wood for trees! the market will simply have to eventually catch up with a story that's too good for is current levels via a BoD who do it they're way.
I get that there’s been frustrations with BoD - some of which I agree with to a degree - but when you actually brass tacks this you can see very clearly that they are not in the habit off saying anything lightly – if they say something looks promising, 9 times out of 10 it materialises. They just need to be left alone to get on with it. If your invested just for the products then you’ll drive yourself mad. Once you see the people at Star for the way in which they – not AIM – they operate it becomes far easier to just let them get on with the job in hand - there’s proof plenty now that they can and will do it:
Last TU Feb/20 : Lokies Attracting growing demand
Latest news Feb/20 : Up to $2m deal THIS year announced
Latest RNS Oct/19: Swiss Cargo/Bosch tie in announced, further Kylos Air orders subject to further certifications
Last TU Feb/20 : Further Certification Achieved
Last TU Feb/20 : Cubemonk in discussion re larger order
Latest RNS Feb/20 : New 3yr deal and significant increase from prev. years $.02m purchase
Last TU Feb /20 : Zero noted as a promising prospect, further news expected/awaited
Latest RNS Feb/20 significant increase in orders expected
Last RNS Dec/19 : Ukraine territory deal agreed worth $1.3m
Latest TU Feb/20 Ukraine noted as a promising prospect, further news expected/awaited
Last TU Feb/20 : ICL noted as promising prospect, further news expected/awaited
Last TU Feb/20 : WIMC noted as promising prospect, further news expected/awaited
* RNS’s for both the Zero and Cubemonk significant deal announcements also cite an expectation of leading to other new customer in due course.
I’d expect further news vs anyone or more of CropX, ICL, WIMC, SwissCargo/Bosch, further asset/container tracking or E-Transport/Bike maker imminently based on just the last 8/9 weeks of comms personally. No advice given, DYOR etc.