The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
This has got multiples to go yet, Peter Robinson will help revolutionise fish and Shrimp farming along with the new on the block geniuses at Minnowtech ....
From now to 18 months time you are going to see what STRATOSPHERIC looks like on an AIM share.
Nice bit of a move this morning, been holding for a while and have averaged down in that time. I'm now up and in profit. Slow and steady wins the race!
Amazing share to be in, quick research no need for deep analysis. Just buy
Most underrated share...
Absolutely love this.
Every single buy today has moved the Spread north.
Bring on the flock and get this one moving.
OTAQ Offshore will fit the seabed lander systems with inspection products, such as very high-resolution stills cameras, Eagle IP video cameras, OceanSENSE leak detection system and Dragonfish laser measurement systems. The systems will also be configured to carry other third-party supplied inspection and monitoring equipment
a deep-water version rated to 4000 metres, available for rental and sale exclusively through Unique Group’s worldwide office network.
The deepwater rated version has been upspecked to run at 4000 metres - WHY ? no oil & Gas systems run that deep ..
https://www.submarinecablemap.com/#%2F
Expect some diversification this year as well as new products for the Salmon and Shrimp farming, this Unique Group contract will be adding big revenues imo.
19th Mar 2021 7:00 am RNS Further Investment in Minnowtech
Conversion of Convertible Loan Note and Further Equity Investment in Minnowtech LLP
OTAQ, the marine technology products and solutions group for the global aquaculture and offshore oil and gas industries, is pleased to announce that it has elected to convert all of its 6% Convertible Loan Notes (the "CLNs") issued by Minnowtech LLP ("Minnowtech") into ordinary shares in Minnowtech. In addition to converting the CLNs, OTAQ has also agreed to a further equity investment of $150,000 in Minnowtech (the "Equity Investment"). Following conversion of the CLNs and the Equity Investment, OTAQ will hold a beneficial interest in approximately 15.2% of Minnowtech's issued ordinary share capital.
Minnowtech is an innovative US-based aquaculture technology company that has developed a proprietary imaging platform, incorporating OTAQ's sonar technology, that enables commercial-scale shrimp producers to accurately and automatically measure shrimp abundance in order to optimise feeding regimes and reduce disease challenges. Minnowtech's unique IP and data-based imaging tool will enable shrimp farmers to optimise the health and growth of their crop, thereby enhancing the productivity of their shrimp harvest. The Food and Agriculture Organization of the United Nations estimated the size of the farmed shrimp market in 2018 to be 5.1 million tonnes, with a value of $31.2 billion.
The additional investment and the agreement for OTAQ to supply Minnowtech on an exclusive basis with sonar hardware for its shrimp biomass analysis systems strengthens the development agreement entered into in early 2020, giving both parties a stronger relationship and capability in innovative product and market development.
Commenting on the investment in Minnowtech, Phil Newby, Chief Executive at OTAQ, said:
"We have been very impressed by the progress and opportunity at Minnowtech. Our strategy is focussed on exploiting technical collaborations with those who have capabilities in related product areas and with access to new markets for OTAQ. Minnowtech fits this brief well and both sides can see additional opportunities emerging as the developments progress."
Ken Malone, co-founder of Minnowtech added:
"Working closely with the OTAQ group over the last year has accelerated our product development as they bring their experience in commercialising technologies to the partnership. We're excited to expand this relationship as we move into full scale product launch."
https://www.lse.co.uk/rns/OTAQ/further-investment-in-minnowtech-e2gx85jotyg3awx.html
George Orwell has been buying 1984 - Jura Island Fish Farm..
Like that - whoever you are !
MARINE TECHNOLOGY
FOR THE WORLD'S HARSHEST ENVIRONMENTS
From aquaculture to offshore energy, OTAQ delivers and supports world class marine technology products.
Innovation, experience and quality are the values at the heart of everything we do and have earned us the trust of our customers across the globe.
All OTAQ products are designed, developed, manufactured and tested in house to the very highest standards.
https://otaq.com/
25th Feb 2021 7:00 am RNS Non-Executive Director Appointment
OTAQ, the marine technology products and solutions group for the global aquaculture and offshore oil and gas industries, is pleased to announce that Malcolm Pye will join the Board of OTAQ as a Non-Executive Director with immediate effect.
Malcolm founded, and from 1999 to 2019 was Chief Executive of, Benchmark Holdings plc ("Benchmark"), the world's leading aquaculture health, nutrition and genetics business.
Malcolm has over 35 years' experience in international agribusiness through his various roles at Hillsdown Holdings (then HMTF Group), and through building Benchmark from the initial start-up into a major international aquaculture technology business serving the global salmon, shrimp, tilapia and farmed fish industries. Malcolm focused Benchmark's activities on animal health, breeding and genetics, advanced nutrition and knowledge/technology delivery and led the flotation of Benchmark in 2013, maintaining a lead role in investor engagement.
Prior to his founding role at Benchmark, Malcolm gained wide experience in the food sector from his various senior management positions within Hillsdown Holdings, operating in animal breeding, poultry production, feed milling and veterinary services. During this time, he developed extensive experience in breeding and genetics, food production/technology, sales (including account lead responsibilities within the UK / international retail sector with a range of bluechip companies including M&S, Tesco and McDonalds) and strategic M&A as well as holding a main board position within the Group.
Malcolm's work with Hillsdown Holdings in the early to mid-1990's influenced a career-long focus on sustainable food production which formed the basis and inspiration for the creation of Benchmark Holdings.
Alex Hambro, Non-Executive Chairman, commented: "We are really delighted to welcome Malcolm to the Board of OTAQ. Malcolm's experience in, and knowledge of, the global aquaculture industry is unparalleled, and will be of huge benefit to OTAQ as it develops and commercialises additional sustainable technologies and services for the aquaculture farming and producing communities. Our core SealFence acoustic deterrence system has significant opportunities for growth in geographies where Malcolm has built strong long-term relationships. Furthermore, his knowledge of additional farmed species other than salmon will be extremely helpful as we expand our range of products."
Aside from the information set out in the announcement above, no further information is required to be disclosed pursuant to Listing Rule 9.6.13R.
https://www.lse.co.uk/rns/OTAQ/non-executive-director-appointment-cg50op4r6d0cebz.html
Nice seeing board continue to buy in.
Game On .....
No one will care about this in current climate. Bad listing price also, just zero commonsense
Leading integrated subsea and offshore solutions provider, Unique Group, has recently signed an exclusive rental agreement with UK-based OTAQ Offshore to represent the latter’s technology and products across the Middle East, APAC and the Americas.
Experts in engineering and manufacturing underwater leak detection systems, laser measurement and video processing technologies, OTAQ Group supports customer activities in the offshore energy, aquaculture, commercial diving, defence and oceanographic research industries worldwide. The addition of OTAQ products to Unique Group’s diverse portfolio of survey equipment solidifies Unique Group’s consistent effort to provide customised integrated solutions to clients.
The agreement will see Unique Group represent a number of industry-renowned technologies, including the OceanSENSE and DragonFish solutions. Deployed in the dual roles of subsea leak and cement returns detection, OceanSENSE is recognised as the industry standard and has been deployed successfully on over 1000 offshore projects globally. Proven to work efficiently in the offshore environment, the DragonFish’s high precision laser measurement system generates sub-millimetric measurements of welds, chains and other targets from a low cost easy to operate package.
Unique Group will also represent OTAQ’s new Eagle IP range of high quality IP ethernet underwater HD cameras and IP integration infrastructure products. This equipment, along with a number of additional specialist systems, will be made available to clients through Unique Group offices located in the partnered regions.
Harry Gandhi, CEO at Unique Group, commented: “Staying true to our image as a global integrated solutions provider, our partnership with OTAQ is testament to our ambitious strategic plans for 2020. Through this partnership, we reiterate our commitment to offering world class products and solutions to our customers globally and look forward to strengthening our rental inventory in these regions.”
Phil Newby, CEO at OTAQ Group, added: “Following a period of rapid expansion for OTAQ over the last 12 months, we’re excited to collaborate with Unique Group to further bolster our presence in the Middle East, APAC and the Americas and bring to our customers the best-in-class leak detection and underwater laser measurement technologies.”
most people involved are locked in. Also Nigel Wray from Dowgate is involved. Not much free float. wont take much to move it up based on the right news
Worth reading the prospectus. Salmon farming, Algae detection which can ruin salmon and new UAE agreement with Unique group
Harry has resigned looking at the RNS with a new CEO in place.
Major purchase of ten shares.