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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
It’s the same everywhere. Once the BoE starts cutting the interest rate then the investors would start to move the money from their saving accounts to the stock market to create a bull market.
Baf , to a degree yes of course your right but the optics or lack of them provided by the CEO is awful and helps out people off , I just hope Tops charts are right but I suspect if Cliff stays in the shadows and keeps taking his money many more will not be confident here . Iv taken a bigger position in SALT now as Cliff drives me potty
Facts are share price is currently less than 40% of Net Assets Value insane discount. Given TEK's assets the share price should be at a premium to NAV. If folk don't want to buy at these levels so be it, seems UK investors have great difficulty adding up in my view
Apparently the company is run by a guy called Cliff ?? Anyone seen him ? Think he's done a bunk
Still asleep at the wheel Cliff, down goes the SP again. Wakey! Wakey! old boy, time for you to move on.
GLA
What a crock of 💩 this is
Cheers Top have a great weekend all
I don't know whether it is already too early to get excited by this new AI project but i am. Given the reputation of Alexander Mordvintsev and Deep Dream (A very successful project at Google), and how quickly these tech businesses can mushroom. If he could get a couple of genius programmers from MIT who have some interesting idea... Anyway, i think these are the right people to be able to identify talent and make things happen.
"• Tekcapital wishes to make an early-stage Gen AI investment, most likely in the UK. This investment will take the form of providing both strategic capital and operational support. Investment will be focussed on target markets where AI offers the opportunity to automate, improve productivity and streamline operations of an existing service business.
• Advisory Board: Tekcapital will be assisted by a team of experienced individuals including Dr. Russ Salahutdinov, a former director of AI at Apple Inc, Alexander Mordvintsev, a world renowned senior research scientist at Google LLC and inventor of Deep Dream, and Lord David Willetts, chairman of the UK Space Agency. "
This is the information i have on the AI company so far MrOzzy. So it seems that they have already identified the project.
How did you Interpret the AI investment topic?
Is it for something already ide tidied
Or is it a principle , and nothing definite yet
I think so too CM
Might be a bit more overhang to clear first if past experiences are anything to go by. Next week would be a good time to release some juciy news
Nice TopCatz.
Technical indicators are important especially when they support other factors.
I think what we have seen in the past is these dilutions have generally been a good opportunity to buy. It annoys people because it gives a big discount to preferred investors but in terms of the valuation it doesn't make a big difference. Should fill the gap back to 15p fairly easily.
Haha Mrozzy - Quite right. Been watching it forming for weeks but got properly confident end of last week.
Let's hope TEK proves TA actually works. No guarantees as always !
At last TC.
You've been desperate to share with us your TA analysis skills.
:-)
Also skirting along the bottom of it's rising channel and RSI coming down. Lot's of headroom for a run here. I expect any half decent news will be readily bought into.
What was the split down in valuation between the portfolio companies for Angel to come up with 74p fair value. That's quite a mark up after their early 20 something valuation (granted Microsalt has doubled since)
Currently share price is 40% of NAV this is a key indicator in my view.