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Seamanp911 - you say: “Just seems ridiculously low now and a complete disconnect with the portfolio values.”
Not sure why you use the word “now”? It’s been like that for years. And there are several very good reasons why nothing’s ever going to change, unless Tek’s business model fundamentally alters.
Many on here heralded Lucyd’s IPO as a game changer. Which it was. Only not in the right way.
They then said Microsalt’s float would reverse Tek’s poor run & turbocharge the share price. It hasn’t.
Now we’re being fed some nonsense about AI (purely because it’s the latest buzzword) & are told THIS, Rodney, will turn things round for Tek & we’ll soon be millionaires. Most rational investors get the general picture by now. Tek simply hasn’t demonstrated with a single one of its existing holdings how to extract any shareholder value (other than to pay Clifford his overinflated salary & bonus). Until this radically changes, Tek continues to remain totally uninvestable in my book.
Agree CM , the only thing that stacks up for sellers is trust in the CEO or lack of it , we all see he continues to to pay himself handsomely and raises cash left right and centre with the outcome being a significantly undervalued company . I too have patience but recently changed my tactic around this . Just seems ridiculously low now and a complete disconnect with the portfolio values
I think that discount to Microsalt is a measure of the cynicism towards Cliff. I wonder what would happen if he said tomorrow he would take more of a back seat? Also would be interesting if Guident were to successfully come to market. Would then be even more undervalued.
I see it as emotional selling. People are getting annoyed. Personally i have a great deal of patience so i will just let it play out. It is at very good risk/reward here now, even for a cynic.
I think technical analysis needs to be given more leeway for illiquid nano-cap stocks.
Yes. Not churning at these prices. Just bed wetters and maybe some who bought at the very bottom and forget to sell. Can't fathom for the life of me why they'd wait until now but this is a highly volatile share. It really doesn't take a lot for it to bag 2 or 3 x either way when the hype kicks in. Gotta be some news soon. They have that way of not being too obvious (although we've seen it all before) and giving it a few weeks after a raise before cranking up The RNS-O-Meter. Let's have a look T where we are in a month
Agreed Topcatz but we'd expect the sp to be subdued after a placing but this isn't churn - it's offloading, surely any parties who took up the fundraise wouldn't be selling 100k chunks for 9p and 150k for 8.67p
It's below my trendline too but hopefully fake. Not unknown, breakingto the downside or upside. Doesn't want to be hanging around here to long though. Golden cross still intact too but again SP needs to right itself quick. It's a ludicrous valuation, given TEK is now funded and Microsalt alone is worth over £10 million more than TEK itself. Surely a decent buy even if the SP is telling us something different.
They'll issue shares at whatever price they can get as they need the money to fund Cliff's $250k salary & $250k bonus. Unless it's just currently being tested - the share price on the daily chart is now back below the trendline and all the moving averages, back to 6p then? Obviously drawing lines on a chart is subjective, someone else may draw it differently.
Nice story on the podcast. If they wanted to build the co Management should not be so eager to issue new shares well below NAV. Share issues betray their good story.
It's a shower of 💩, that's what is going on here.
You can buy at 9p which makes it microsalt worth 2p,i remember it being 7p pre ipo
Https://ukinvestormagazine.co.uk/generative-ai-london-ipos-and-growing-technology-companies-with-tekcapitals-dr-clifford-gross/
Aim is a summer time for AI company launch
Https://twitter.com/MicroSaltPLC/status/1768537895231533122
GLA
Spinal_Tap - it could.
On the other hand, so could the Guident, Lucyd & Salt holdings have been.
And look how they've turned out in terms of Tek's share price.
Good luck if you really added. I personally think Tek is totally uninvestable right now, even at this beaten up SP.
In my view, there is nothing concrete yet.
I read things , from the recent fundraise, that there's money and expertise available to assist the purchase a business, possibly in the UK.
That's it, at the moment.
The AI tie-up could be game changing for TEK. Buying a lot more at these levels.
Had a bit of confluence on my chart with the daily 100ma and previous down trend line which we touched yesterday, not good that we've now had 4 daily candles close below the 200ma, this 10p raise has really done us over and how long does $2m last? We need to see an end to these regular discounted placings or is TEK just another AIM dog that will never change.
Morning all
Sea - Super Golden Cross confirmed. It's a medium/long term indicator and this is TEK which seems to do whatever it wants whenever it wants.
Not sure figs are updated yet but yesterday the 50 sma was 10.33 and the 200 sma 10.03.
There appears to be a clot of churning going on (some big trades going through) so hopefully the overhang is getting cleared quickly.
SP needs to start moving northwards as 50SMA will decrease faster than the 200 sma if we trade below it for too long. If it crosses back over we'd be looking at a Death Cross (sounds appealing doesn't it hahaha)
I expect the news channels will open soon but get your frustration. I also switch off after a raise because there's always this overhang thing before it kicks on.
GL whatever you do
Simon Thompson keeps tipping this share and I am sure its a good long term play but every time I invest I wait for it to raise, which it does and then the bubble is burst by the firm itself. I'm sure there's a lesson...take the money off the table but I am not alone in finding this quote an irritating investment...the only way that I can best describe it
Top work Cliff outstanding leadership, crock.of s.it CEO , I I ow not everyone agrees but come on the guys gone to ground big time . Been thinking long and hard this week about a couple of other opportunities, always been transparent on this board and I'm very close to taking a large part of what I have in here and aping into SALT and a pint on something else .
No news at all on the AI investment, the Shocks well God knows what's going on there . The only reason now to stay is Guidant and release of funds from SALT next year ?? A little torn tbh
Top how do the charts look, are we still looking at a golden cross ?? That may help me make my mind up
Cheers , and sincerely hope this turns around for people especially those with a higher SP
Yes woken up on the wrong side of the bed !!
Was feeling alright about Tek for a short while when we ran back up to 18p but as usual a discounted placing has shattered sentiment, is Cliff Gross still alive? Not seen or heard anything from him recently, although we've heard the stale sales pitch all before. Yeah, we expect the placing shares to be churned through but all the selling is currently sub 10p so does that mean if we do rise in price more dumping will start?
But a better investment than Tek
Yes, this isn't a Google message board but they seem to be downshifting their moonshot divisions. Not the innovating company it used to be.
I don't think it is all Cliff's fault. The UK seems poor in assigning value to stocks generally. As we saw with Currys and others:
https://www.theguardian.com/business/nils-pratley-on-finance/2024/feb/29/uk-stock-market-isnt-working-undervaluation-wincanton-currys
I think this is also a wider issue as argued by David Einhorn, there are less investors concerned with value of companies and more momentum and other short term strategies:
https://www.bloomberg.com/news/articles/2024-02-08/david-einhorn-says-markets-fundamentally-broken-by-passive-quant-investing