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Could be an interesting week coming up. On Tuesday Apple will launch the iPhone 12 and on Thursday we have H1 Results.
Let’s face it, 5G has been a bit of a damp squib so far. It’s understandable as all eyes are on Covid atm. We also had the Huawei issues which, according to one article I read, has put back 5G infrastructure by 2 years.
If there’s one company that can put the oomph into 5G it’s Apple. As yet, I don’t think the consumer has been given enough reason to get excited about 5G and it’s unlikely Apple will have the ‘killer app’ that will change that perception. Nonetheless it will still be interesting to see how Apple can spin the 5G story.
Neither do I scoutt.
But mm’s are playing this. Loads of tiny trades, and consistent trades for approx 2-3 hundred £.
80% of shares in institutional hands. Share price all of over the shop.
3 excellent prospects.
And ALM update due next week
I’m not selling, this has got big legs imo
Very tight market here, 1 share, I kid you not, sold this morning, caused a massive 11% drop. The last time this happened a few days latter we were up about 25%. Have no idea what prompts such shenanigans, let the businesses do the talking. Still think we may be overdue a few nice news surprises, GLA.
Also noticed that the last 2 published trades today were for around 700 shares each. (A very small amount for a share like this)
If this is market maker signalling it would suggest they're getting ready to move the SP up
News pending maybe??
We've been flirting with 40p for what seems an age now!
We need some more news to kick this on.
Discount to NAV is very good IMO. I was hoping for a push into the 60's this year but I've a feeling I'm going to have to wait into the new year.
Hopefully spin, fed and bridge will do the biz for us
GLA
Could be a red letter day in particular news of the big three. Not expecting much on the financial side, with so many greedy snouts in the trough. Anyway for me Alm is the starter the main course being solg’s 15% shareholder Bhp being released from their 2 year lock in, hoping a bidding war will force 3 majors to out bid each other on this truly world class company. Anyway enough of Solg, expecting some game changing news here, it always takes twice as long as you’d hoped.
Brilliant article
https://www.eetimes.com/spin-partners-with-arm-applied-in-mram-manufacturing/
Well another very solid day I think
Certainly some resistance around the 40p mark and if we can maintain todays break through we'll see resistance again at 45p I think.
I don't think the upward trend will continue with more positive news so here's hoping :-)
GLA!!
Surely there are better risk free ways for MMs to communicate. Better just watch the news and share price. Gold looking good, Solg finally getting the mention they so rightly deserve, been in the shadow of Ggp too long, every Aim dog, very surprised Gpm and Gpss not on the rise money begging to be bagged in my humble opinion. Anyway back to Alm awaiting updates should mostly be positive. Gla
From the trades we’re seeing I’m guessing that the mm’s need shares
100 > I need shares
200 > I need shares badly but don’t take it down to get them
300 > Take the price down to get shares....
400 > Trade it sideways based on Supply and Demand
500 > Gap one-way or the other, usually to the direction
of the 500 trade. Sometimes -if in the middle -keep the price right
where it is.
1000 > Don't let it run
2100 > Let it run
2500 > What ever
Nice to see.
I expect it'll be Nokia that takes over all European and US operations previously assumed to be Huwaii.
Three shares in the top riser list today!
Some nice hefty buys going in today
From lows of 31p we’re now nudging 40p
Maybe it’s the Nokia effect kicking in?
FW already has regulatory approval to operate its spectrum access system for 5G:
https://docs.fcc.gov/public/attachments/DA-20-110A1.pdf
I’d imagine a similar approval will be needed to operate in the C-band. I don’t know whether that’s been given yet or when it would be due
Thanks Dorset & Loot for the info.
Do we know if there is any regulatory change needed in order for this to be implemented on 5G?
This article confirms the FW spectrum controller also works in the C-band:
https://www.federatedwireless.com/federated-wireless-extends-spectrum-controller-to-the-6-ghz-band-to-accelerate-wi-fi-6-and-5g-service-delivery/
What we see in these auctions are PALs being assigned to the Telcos. FW are not directly involved but in the sense that this is relevant to FW; I’d say it provides the framework in which FW’s ‘Spectrum Controller’ can operate.
Once the auctions are complete, a secondary market should exist where unused spectrum can be leased between participants. FW’s ‘Spectrum Controller’ will track and manage ownership along with all leaser data. One journalist described FW’s ‘Spectrum Controller’ as a sort of AirBnB for spectrum. As I understand it, FW are the only SAS administrator providing this service.
Looking back over old posts; Echo1 found the following article which I think is well worth a read…
https://www.fiercewireless.com/regulatory/secondary-market-for-spectrum-primed-for-big-change-thanks-to-cbrs
My take away from the article is that there appears to be some debate on whether the big operators will participate in the secondary market for spectrum. So this is the big risk for us investors; it really comes down to whether you believe the secondary market in shared spectrum will take off.
Nevertheless, the article says that the SAS administrators will meet the FCC in September to discuss the arrangements for the functioning of the secondary market (I’m not aware if this has already occurred).
Again, I’d encourage you to read the article; it gives two good examples (sports events and schools) where organisations may wish to lease spectrum short term for a particular time/location.
But you have raised an interesting issue. Everything that I have seen regarding shared spectrum and how it relates to FW’s ‘Spectrum Controller’ has mentioned CBRS but with no mention of C Band. Until now I’ve just assumed the principle applied to both. Why wouldn’t it? But now that you mention that you have been following the CBRS authorisation process for years and you are not aware of a similar process for C Band; well, that’s got me thinking.
If anybody can find any information that confirms C Band spectrum can be shared via FW’s ‘Spectrum Controller’ then that would clear things up. I’ve had a brief look on the website but will do more research later in the week.
Hi Loot,
Thanks for the reply... I am by no stretch an expert here - I have been following the FCC authorisation process for spectrum sharing on cbrs for quite some time, noting the years it has taken to gain FCC approval, and was not aware of a similar process for the c band, i.e. the auction will not be a PAL style auction will it?
My take on cbrs was that in order to use it you need to do so via a SAS? No such requirement is predefined for 5G today which is already being rolled out...
It had not occurred to me however that the telco providers may want to sell off any spare capacity without any changes to the licencing terms - are they already allowed to do this under existing terms?
How would it work? Would the telco's independently choose to sign up to a SAS who would monitor for available capacity the telco owns and utilise as required for a third party? If so then why is the C Band auction significant to Fed - surely the market is there already with existing spectrum?
Hi 123ABC, I'm interested to hear your understanding of C Band and why you believe spectrum sharing is not possible. My only reason to be cautious here is because I'll openly admit that I'm not an expert in this technology and any contributions, positive or negative, are welcome. But let me begin by explaining my understanding and if anyone has an alternative view then I'm happy to reconsider.
I believe C Band is just another part of the spectrum (3.7 and 4.2 GHz) and due to its higher frequency than CBRS (3.5 GHz) it has a greater capacity to carry data. Although C Band transmits over shorter distance than CBRS, C Band is seen as a sweet point on the spectrum having a balance of capacity and geographical reach ideal for 5G. C Band is currently used by government, military and satellite to cable TV providers. But the FCC are now making some of the spectrum available for 5G with the remainder still available for TV programming.
Already, 23 countries have auctioned or allocated C-Band spectrum for 5G usage. I cannot say how many of these countries are considering spectrum sharing and if we are honest, none of us can be 100% sure that spectrum sharing will establish itself as the de facto protocol in any region. However, it makes perfect commercial sense to me that if you paid the money to own spectrum, you will want to lease unused capacity when available as a means to claw back some of that expenditure. See the following link for an introduction to C Band..
https://www.rcrwireless.com/20200106/spectrum/gsa-c-band-is-most-important-spectrum-band-for-5g
Regarding the 'New Thinking' project (along with similar projects in US). I have previously described 5G roll out as a chicken and egg situation where consumers are reluctant to invest in 5G enabled devices before the industry provide 5G services/infrastructure while at the same time the industry may be hesitant to invest until enough consumers own 5G devices. In such a situation it is understandable that the industry invest in projects where revenue is not a motivating factor.
I am probably being dim, but doesnt the nature of the C Band auction imply 5G will not use spectrum sharing?
Perhaps I have not been reading the right stuff as I dont understand what role can Fed play in the 5G space?
I understand Fed are partnering with Cisco in the UK on the 'New Thinking' project, but in what capacity?
What is the revenue stream for Fed on this project? Is it in some form of consultative role or is spectrum sharing being considered for 5G in some countries? If yes then which countries and what progress are the various authorities making?
I hate being rampy but are the pieces beginning to slot into place?
Nokia clinches 5G deal with BT to replace Huawei in EE network
The ONC market is expected to worth $27 billion by 2024 rising to 40 by 2030. Bridgecomm must also benefit from the trade war subsidies for American companies.
Morning scoutt,
A trio of good prospects and nasdaq starting to make a recovery.
Fingers crossed for a recovery into the 40’s
Apparently that’s the apt collective noun for companies held by Alm
Had my eggs spread between Fed and Spin and look who’s coming up on the rails only Bridge. Could have a trio of unicorns have to check on the collective noun, good like live long and prosper.