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Fair points lord
I would counter that with the biggest risks for start ups is in the beginning
The heavy lifting has been done, 2 IPOs from scratch excellent progress
My 2 favourites and the reason i invested have yet to come and if goes to plan could be mind blowing
Each to there own with trading but I am here for the big rewards hopefully and the enjoyment of seeing the companies flourish from a uni idea
Imho
Good luck to you
Also got prefence shares in microsalt with a company valuation of only $4.5 million. It's following TEK and it's business model that led me to that smaller but potentially very rewarding side bet. If I hadn't seen the way the work these companies I wouldn't have understood that they would IPO. The reference from Clifford Gross came quite a while after they'd closed the book on the Microsalt crowd fund.
If I get the chance with Guident I'll do the same. Unfortunately I doubt they'll go the crowdfund route. I think they'll just sell the company privately before they even get to listing stage.
Fair Play LOL. 40p & 50p targets are easily achievable and not unrealistic.
I do both.
I have a decent holding around 11-12p which has now trebled in a couple of years and my trading pot. I'm happy to play both sides with the knowledge I've got a strong stake for longer term.
TopCatz - The last couple of years have certainly seen excellent progress, but TEK's long term share price performance has been dire. 26p float price on launch in April 2014 versus around 30p over 8 years later. Crystallising gains could really change that, locking in profits, so re-basing TEK's share price. Until there's evidence of this being on the horizon, TEK remains a trading share for me. I last bought in at 24p in June & will sell around 60% of this should the price hit 40p any time soon.
Morning LOL
I get all of that and I agree we should start hearing about theses stratagies at some point but IMO it's early days. We've seen rapid progress over the last 2 of years. I understand that beforehand it's been a rocky road however so the progress has very much been exponential.
I personally don't get too hung up on the Special Dividends. Who's to say when the best time to cash in will be, but I agree on your point about a phased exit.
For me the IPOs are massive as they undeline a booked value to TEK. As these now independently listed companies increase their value. So does TEK.
The SP fell back because it got ahead of itself. The rise beforehand was too quick. However now we have headroom to continue and we will.
If you are nervous about being in and want a quick exit before Autumn with a special dividend I doubt very much it's going to happen my friend. Might be best to offski now.
I've been around here for a couple of years and this one is a Winner. Ups and downs on the way which can present lovely trading opportunities but the overall rate of progress and booked value is very pleasing and set to continue. We also have the ever present possibility of a white swan RNS one day. Never happened with TEK so far, but I wouldn't dismiss it with Microsalt and Guident in the background.
My views only of course
Best
I believe Clifford’s goal is to see them become billion dollar companies before we see any special dividends.
TopCatz - yes. I'm pleased they got the Lucyd IPO away when they did. With high inflation & increasing talk of global recession, I expect markets to become more volatile this autumn/winter, with further correction a distinct possibility. My main concern with TEK is that it's now IPO'd two of its holdings (BELL over a year ago). Yet still no meat on the bones about its exit strategy or any special dividend payment. I understand other posters' comments about not telling the market exactly when you plan to exit. But Clifford has already hinted at this when he said in July 22 "this should result in increases in returns on invested capital as our portfolio companies continue to mature and some achieve meaningful exits, which we hope to see in the next 12 months." TEK has really marketed itself as an incubator, sniffing out ideas with huge commercial potential, backed by a proven management team. Its stated aim is to get these companies to IPO (or trade sale), subsequently exiting & rewarding shareholders via a special dividend. At the moment, it seems to be creating great excitement when another of its holdings gets to IPO. TEK's share price promptly rises in anticipation, only to fall back again when there's a lock in period, no special dividend announcement & not even a hint of an exit strategy. Sure, BELL & LUCY may continue to flourish over the next year or more. In which case their share prices might rise even further. In theory, this should boost TEK's own share price, as the only alternative is that it trades at an even greater discount to NAV than before. Trouble is, there's also a flipside. Recession may start to look far uglier this winter and into 2023. Global markets may drop accordingly. In which case, part/all of the gains from TEK's IPO'd holdings could promptly disappear. As most PI's learn - sometimes the hard way - it usually pays to take some money off the table if you've realised a decent profit. I'd like to see TEK doing the same. Say hedging its bets, exiting around 50% of its IPO'd holdings fairly promptly post-admission and letting the remainder run. Maybe that's still its strategy, but I think we need to start hearing a bit more about exits. Until these happen, any gains in TEK's NAV are purely paper gains, which can only translate into tangible profits once cashed in.
Morning Sea, and all
I guess we should be happy they got the IPO away and with a lock in. Should bring some stability to the price now. I still don't really understand the complexities of trading with the book open. I'm guessing some uptakers were flogging their free warrants and some were trading their shares and keeping the warrants. Selling both wouldn't make any sense. Then we have the preference shares, (some of us have these in microsalt). They may have got out over the last few days too.
Either way. Today's RNS is pretty standard but I expect there will be a few more in the pipeline. Some nice sales contracts would give LUCYD a decent boot in the right direction.
Meanwhile we await Microsalt news and also Guident. (How's the state project going on & more wins). I expect if they get the Jacksonville contract wrapped up there will be plenty more state transport projects to be one. $$$$$$
https://twitter.com/tekcapital/status/1559960211431079937?t=KS7Qh1gq7W3ttyWDsVzaSA&s=19
Closed so the supposed runt of the litter made it to Float on its own , how amazing is that well done TEK
180 day lock in as expected
GLA let's see where the money takes them