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I doubt very much that they'll be sitting on their hands.
It's been proven that there's demand for the product, so if there have been product defects (and I don't know if that's the case), it makes sense to remedy those before they go again. If they can make it work then it would be reasonable to expect the share price to settle at a higher level in the medium term. Patience is required and will hopefully be rewarded. Purely my opinion though. DYOR.
Bob designs I believe. But surely his ceo days are over?
Either more shares or more loan notes. But without money they really are dead… so I’d rather have a ray of light 2miles away than a close up blackout
They need money and with whatever they access they must build and sell
Didn’t they have a 6000 order that clearly has not been filled
Much work to do
Clenchedcheeks – I totally agree with your summing up – or as Bucks Fizz puts it ‘ If you can’t stand the heat, keep out of the kitchen’ !!!
It's clear there's a gap in the market for the product. They just need to produce it in sufficient quantities with strong quality control.
I understand your frustration particularly if you're a shareholder sitting on a paper loss at present, but it's a high risk AIM share and you should never invest more than you can afford to lose. Constantly knocking the company without knowing the fine details serves no purpose whatsoever.
I personally believe that it can be turned around, but that's just my opinion. Please DYOR.
AIM - LOSERS
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Tekcapital PLC, down 9.2% at 10.90p, 12-month range 6.00p-18.00p. The intellectual property investor reports a weaker net asset value3, as it notes "unrealized reductions" in the valuations of investee Lucyd and Belluscura. Its NAV per share falls 29% to USD0.27 at the end of 2023 from USD0.38 a year prior. Its portfolio valuation declines to USD41.1 million from USD54.9 million. Tekcapital adds: "In 2023 we had a productive year for long-term value creation, setting the foundation for meaningful growth in 2024 as evidenced by the successful flotation of Microsalt PLC post year end. Our portfolio companies achieved significant milestones, however due to unrealized reductions in the end of period quoted valuations of Lucyd and Belluscura, our profitability, net assets and net assets per share were commensurately negatively impacted." Belluscura is a respiratory medical device company. Lucyd is an eyewear firm.
This entire thing smells of fish…
They’re going to screw us over yet again because they need more cash. Waiting for the news to drop any day now.
This has got to be one of the most moribund tragedies of the AIM. Disgusting bunch of pathetic pussies on the BOD. (Not to mention Dodgy Bob ofc)
Yes… but given your brain try -2
Bottom is zero tho yeah?
Again
1000000 volume
Not a lot to be driving this
There’s definitely news coming
Also plenty sitting on profit now
Not me obvs and not concept
It won’t take many sells but there must be news
Finance ?
And CEO?
My guesses … maybe they found a few units in store room too? Dusty but working
Not sure either drive the needle from 16p
But welcome rise
£1 in a few days my tea leaves said (when in tea bag)
You seem a bit overemotional to be a rational investor. Try the Halifax
Concept
Is your niece having an ipo??
Give me first dibs
Not invested in any company that has a profit just yet…. Be nice to get in on ground level
As at 16/05/24 TEK holds......
https://theoakbloke.substack.com/i/144627973/tek-valuation
Cheers
Morning Sea
7 million ish, I think - They've sold a few tranches though so I'm not 100% sure on that
To even us totally uninformed PI’s, it is glaringly obvious that this bunch of corrupt clowns who purport to be a board of directors (I wouldn’t even employ them singularly or collectively to run my 5 year old niece’s play coffee shop - they’d run off with her 50p profits!) will yet again be running out of money.
I hope that the recent technical rally in the SP isn’t a precursor to another deep discounted share sale - which will collapse the SP back down to low single figures.
Hi Top, what do TEK have left in Bell ? Any idea
Cheers
I am ill
I am seeking help
Morning Agricore et al
Looking good here. I opened a spread bet at 9p on the way up from the bottom. Getting a nice head of steam. 15/16p first hurdle to clear but there's no stopping it at the moment
Nearly fell off my chair to see a non 100% negative post from theboyg.
First seeing the northern lights, and now this, what a week!
Low volume
But maybe funding been accessed?
Funding is all they need
And new CEO??
Rauker not been quite ‘hitting my numbers’
And maybe make some… I always add that in
But up is better than down
In a rare non 100% negative post
And roll something is brewing
Not long to wait
Early June brings the full doom
Reading through the TEK BB and it quickly becomes (even more) evident that nobody has any faith in the CEO or indeed any of the board of BELL. It is career - and investor - suicide being involved with this bunch of sleeping slacks. But the board don’t care! As long as they can draw money monthly from this dumpster fire, they can kit out their Clive Christian kitchens with Jeff Koons Balloon Dogs and Crystal chandeliers.
Sadly it’s the investors who have been manipulated into thinking that this was a good investment, that are the ones to suffer. Perhaps we too should join the board of some sinking ship of the AIM backwaters and draw wages for sailing around doing sweet F.A. I’ve always wanted to go a river boat cruise - the added daily feeling of impending doom ought to make it much wilder journey than I could ever imagine….
Congratulations rucking plumb - but you haven’t “banked” your lovely 20% profit until you’ve sold them….
…highlighted by a total and ignominious failure by any / all NINE men on the board to make ANY effort to turn around the share price and communicate with shareholders. Too busy drinking warm milk in their slippers watching re-runs of the Lone Ranger I imagine.
The two evidently top-notch brains that were added to the board during the dodgy TMTA acquisition have also stayed silent. I assume that they deeply regret becoming involved in this poorly-run debacle. Perhaps if a woman had been appointed to the board, they would have shown some integrity and responsibility for shareholders.
There is more chance of a Lone Ranger galloping up on his horse to save this fiasco than there is of this collective bunch of numpties working together successfully to restore shareholder confidence and value.