Chris Heminway, Exec-Chair at Time To ACT, explains why now is the right time for the Group to IPO. Watch the video here.
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What have fleas got to do with it Champaignecharlie ? LOL
Good afternoon Champagne,
It seems my post last night has offended you, it was written as a question not a statement of fact. It was a fact finding discussion for me not a ramp. I hear your point about figures plucked from the air however I had to start somewhere otherwise it would of been pointless exercise.
Time will tell . I am not a “trader “. Not sold a single share since 12p and have no intention of doing so as the progress continues to be excellent
maximus - Be my guest - but the OP started with an assumption ($50m IPO) and from that, concluded that the value of TEK "should be" £x. All I was doing was to point out the logical fallacy of drawing *factual* conclusions from *blue sky* assumptions.
We can "best guess" all we like but, as I say, time will tell. And looking longer term, the IPO is only a snapshot anyway; what's really of interest is that Lucyd (and the other TEK investments) should prosper and become profitable. Or get sold off, of course.
Old Spanish proverb: Patience fleas, the night is long.
Yup, entirely judgemental …
But, that is the name of the game when investing in start ups. Formulate your “best guess” of a reasonable range of IPO values, then try and infer the additional value that will mean to the TEK SP.
When you say, could just as easily be $5m, that is not correct in my opinion . That would be outside the range of expected outcomes
cm, no disrespect but "reasonably conservative" is in your judgment, it's not a statement of fact. I'll be delighted if you turn out to be right, and I'm not saying you necessarily won't, but frankly, when push comes to shove, you've nothing concrete to go on. (And let's face it, the crowdfunding at $20m was out there for 3 months and didn't exactly fly.)
Time will tell. Either way, I'm happy to hold my TEK shares for the long term irrespective of the Lucyd flotation.
The main problem with the analysis is you can't just add Lucyd's post IPO valuation to the current TEK valuation because the TEK valuation includes what Lucyd is currently worth...
Having said that the IPO is almost certain to raise TEK's overall valuation and thereby SP. Feeling confident as a medium to long term hold
CC, i don't think the 50 million was taken out of thin air. They already had a funding round in the summer based on a 20 million valuation, so given the expansion since then and continued expansion into next year, 50 million is reasonably conservative.
puma33 - Sorry, but you can't simply pick a number out of thin air and then use it to justify your calculations: that's just wishful thinking, putting the cart before the horse. So no, you're not right - in that you're arguing from a false premise. Why $50m? The IPO could just as easily be at $100m - or at $5m.
In time, if Lucyd thrives, then perhaps. The future holds loads of promise for Lucyd and indeed all TEK's other portfolio companies, but let's not go jumping the gun.
Am I right in saying that if Lucyd go with $50mill IPO with that being £36.4mill, TEK get currently 80% but let's be realistic and go for 60% giving £21.8 Mill after expenses and raise then we should be looking at a market cap of £65mill and a share price of 49.5p without any further update from the other 3 companies?
Well just logged on after finishing work and wasn't expecting a red day ? Very strange given the ongoing success
Such low levels I think a top up may be in order
GLA
Yeah, Highly likely CM, otherwise why stop ! It's just that TEK has now been noticed and now we have the associated detractors sniping away with these typical comments.
It was placing placing placing last week, now it's something else. Why might as well get used to it, because this isn't going to 40p > 55p >70p>£1 etc without them !
Sounds like there will be more than one LUCYD update over the coming weeks and that they're killing it with regard to contracts.
Should topple some of those targets soon you'd think :)
TopCatz, I read it that they stopped the crowdfund early because increase in sales meant they didn't need the money?
That's how I see it CM
LUCYD IPO will add value of our current market cap or more. Do the Maths indeed. Some rubbish about a failed crowdfund on the other BB, being spouted, but $20 million for a pre money investments doesn't leave a lot of room for reward, especially considering your money will be tied up indefinitely pending a successful float etc. The fact they got over $150,000 should be applauded not ridiculed. I was gobsmacked at the valuation considering the type of investment.
Again, those outside, without thorough research constantly demonstrate lack of understanding.
We can only benefit from that in the long run
Indeed TopCatz. Do the math as Americans like to say. 40%, less fees, of a 50 million company. Doubling in the first year as they often do. Plus, the other 3 companies....
Completely agree TC, market is missing it big time. It's a second proof of concept for the business model. Just a matter of time before TEK may well be valued over its NAV. How many successful IPO's do you need to prove yourself? Two is certainly a start.
Morning WG
Yes. Strange reaction to such stellar news. It's not unexpected for us but for the wider market who don't believe anything until they see it in writing it's odd. I think it's literally been missed for now and the SP may well catch up this afternoon.
I can't see LUCYD IPO being less than 50 million dollars, likely more. TEK owe 80% minus any raise on the IPO.
Whatever way you look at it that's a hefty stake, more so if it does a Bellescura and takes off after floating.
We should be pushing 40p and have our sights on 50p on this news alone. Has to come imo
Great news today but looks like no price yet has caused some market weakness. Were down but back to flat as i type so maybe we will go blue later. As many have mentioned, $20m valuation was before we landed all the deals.
NFT's will last Seaman, maybe not the inflated prices for tacky art, but the technology of NFT's will revolutionise many markets. It really is a new step in technology. I can think of a lot of industries that will use NFT. I know its going to revolutionise my industry I work in (entertainment) May take a while but it gives the ability to cut out layers and layers of unneeded middle men.
Miss , the integration of Blockchain and NFTs is a master stroke and timing is right on the money imho. The longevity of Blockchain I think is inevitable but I also think NFTs will not last so the App needs to come out asap to really take advantage of the market craze
All very positive and very exciting times for TEK
I agree with you Seaman, this suggests the revenue is rolling in and so there is no need for further funding. Very positive and Lucyd continues to impress ...no longer the runt of the portfolio ... instead 4 cracking in-house companies.
Indeed. In last week's interview, Harrison said he expects Lucyd to be a household name in a year or so. Really incredible progress, it seems retailors are biting their hands off for the smart specs.
Throw in the fact that vyrb will involve blockchain with NFTs and tokens on its own social app, it's white hot right now. Crowdfunding no longer needed, a shrewd move to close it with sales set for exponential growth.
DYOR
The latest crowdfunding valued Innovative Eyewear at $20 million.
"Innovative Eyewear, Inc., has closed its crowdfund raising approximately US$154,000. Innovative Eyewear Inc. ended the offering early as they believe the company has made substantial progress since the crowdfund began."
Crowdfund closed , i guess they are realising enough revenue to crack on which is very positive
GLA