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apologies fundraise in April 2019 at 1.25p (£637k) and one I mentioned was May 2018 at 2.5p (£365k). In hindsight maybe they should have raised more in 2018.
If they were to raise again it would look bad and wouldn't get a price above 1p IMHO. Board stated at last fundraise that they were taking shares in lieu of % of salary so are clearly aware of this. 2019 fundraise was specifically for Lokies development rather than keeping the lights on
At least the Twitter account is active! Been lots of posts lately :-)
In seriousness, I am sure if the results are great, we can expect some interviews to follow - would personally, even though I am very fond of MR, like to see a couple of the other BoD members take to the stage and elaborate on the potential of our partners and contracts, at the end of the day if the revenue is coming in 2020, 2021 or 2022, it doesn't matter (Looks at BIDS, DISH, EVRH for example) as long as the market has reason to believe that the revenue is coming - and with the partners and products we have, there is no reason to believe that in due course (When CropX have 20-30K units, Zero have 20-30K units+, Lokies has 10K active units, Tetis takes off because its being backed by Arviem, Contguard, CargoSignal) Kylos takes off (Literally) because it is being backed by ICL, Bosch, CubeMonk, approved by SwissC and Southwest, that EVENTUALLY this will become a very attractive and profitable company!
All in my humble opinion of course, do your own research :-)
Note - the above is also without any further deals/clients, the sky really is the limit if starcom can take advantage now with its leading technological products
it’s gambling - just to clarify, my comment on the last placing price was to correct the previous poster who’d suggested that 2.5p was last price funds were raised.
I hold having bought in around six months ago and agree that price is stupidly low, though a bit of company PR wouldn’t go amiss. They seem very quiet over the last 6 months.
I'm not expecting a placing. Sales must be growing well with the new people active and the stated company focus on sales and marketing. If a big one landed it would surely be with one of the respected companies we are collaborating with and we could probably get money up front or at least be able to get a good deal on short term loan.
The sp is stupidly low because a fund raise is priced in. Hence you get the likes of win4call making his first ever post on Star so promptly - ie: there are many pi waiting to pick up shares on any slight drop following possible placement.
There's no way I'd be selling at these levels. If a placement doesn't happen, or is smaller than expected, or is accompanied by solid progress and positive EBIDTA - then I anticipate the market will get caught short and we'll see a solid run. Everyone knows the sp is stupidly low, we just need the update on finances and progess. I actually wouldn't be surprised if they place at a premium following a positive trading update.
IG
Last placing wast at 1.25p , so definitely scope for similar at these levels.
cash was £461k at H1 and interestingly cash from operating activities was £13k (positive) for the period although this was predominantly due to receivables (invoices not yet paid) being reduced quite considerably.
If revenues keep growing and they are now EBIDTA positive as they have previously claimed we (hopefully) should be ok.
Hopefully results for YE will drop by end of month as per previous years.
Last fundraise was at 2.5p so I don't think there will be much appetite at current levels
Good until at least Q2 according to an interview MR did a while back. New finance guy in place seems decent, so hopefully he will look into other ways to get cash than placing when the time comes. They already have a good banking facility in place.
Obviously if they get a large order they will place, however they have been very open about this! At the end of the day it's AIM so you have to expect this kind of thing with tech companies.
Roughly 400k ish about right?