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England win tonight and I recon we get a Stella RNS this week 🤣🤣
FYI your 8% share holder, James Kight has just announced (late Friday) a 3% holding in NetScientific. NSCI.
Results were last week and Oak Bloke is a massive fan.
NAV is £40M+ vs MCap of £16M. Which is £2.00+ vs 68p current sp.
Pretty much the same set up as TEK, university spin offs, stakes in 50+ companies plus EMV fund manager that looks after the lot.
Good luck here and there (which I hold)
Started: Lordmakealot, 13 Jun 2024 22:00
Last post: BillfromBristol, 14 Jun 2024 14:58
I recall a few months ago they said they had engaged experts to find VC funding for Guident - no updates so far - but maybe they will raise the cash that way.
But just worried there might be cash call soon for guident,i read somewhere a second satellite will be lauched soon,just wondered if tek will have to pay for that.any thoughts appreciated
Started: FlagStaffIR, 14 Jun 2024 14:46
Last post: FlagStaffIR, 14 Jun 2024 14:46
Latest from Oak Bloke. Main message is that BELL is not far off projections. Have been waiting a while for the expansion to happen but seems that it is finally here. Sentiment shift incoming!
https://theoakbloke.substack.com/p/obscura-belluscura
Started: Spinal_Tap, 14 Jun 2024 13:50
Last post: Spinal_Tap, 14 Jun 2024 13:50
Well at least someone is feeling confident with a £26K buy.
Started: FlagStaffIR, 13 Jun 2024 15:30
Last post: FlagStaffIR, 13 Jun 2024 15:30
Started: FlagStaffIR, 13 Jun 2024 15:29
Last post: FlagStaffIR, 13 Jun 2024 15:29
TEK's major stake, 77% in SALT, cannot be realised until Feb 2025 due to a condition of the IPO.
Neither Bell or Lucy are generating profit, both are following a raise and spend pattern. That said, each have deals, partnerships and contracts up and running, plus they are manufacturing and selling patented products.
Guident, Revive and the AI project are difficult to value accurately.
IMHO most investors are waiting for a game changing RNS e.g. SALT landing a Pepsi contract.
You can't really argue with Lolly, given the present situation. However, my outlook remains positive.
Good luck with your research. 👍
Quilver - sounds like you haven't seen my previous posts.
It's quite clear what's "holding Tek down".
Nothing to do with the MMs. Everything to do with Tek having no obvious way of crystallising value in any of its holdings. Remember those special dividends we were promised when Tek's holdings floated & gained independence? Well, we're still waiting.
Three of Tek's "incubators" have now IPO'd (Bell, Lucy & Microsalt). Two are way down on their launch price. Microsalt is currently way up, but has recently said "the rollout of MicroSalt across new and/or further B2B product lines has been slower than hoped during the current year to date".
So it's anyone's guess how well Microsalt's SP will hold up between now & the earliest Tek can sell any of its stake there. For reasons best known to itself, Tek locked itself into Microsalt for 12 months from IPO. So any current gains are paper-only for now.
I think it’s the mm’s who seem hell-bent on destroying all aim stocks.
Please can someone explain what/who is holding TekCapital down. good news seems not to help raise the SP
many thanks
Started: Spinal_Tap, 12 Jun 2024 15:34
Last post: mrozzy, 12 Jun 2024 21:25
New Gen AI opportunity • 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.
You might be mixing that up Spinal but I stand to be corrected.
I wouldn't mind being wrong
Am I right in saying that two board members from Tesla joined Guident a while back or am I mixing that up with another company?
Https://www.youtube.com/watch?v=2H6f9jECeXc
Here is a happy lady unboxing the xplor.
It does seem that the company are getting more market presence. Finally starting to step it up.
BELL seems to be responding a bit better now. Overall, a bit behind projections still. Projections that i have seen were £15 million for 2024. I don't think that is going to be met now but they do look to be scaling up well. I would guess they will be at least £1.5million a month revenue by the end of the year with the continued scale up and the release of the highly anticipated DISCOV-R.
Overall, quite pleased with the news release.
Hi Sea - Sp already recovered there. I think it was important to see some sort of trading update.
Who knows where the money went. I get the impression that they've had quite a few problems with quality but that seems to be resolved now. It really should be an onwards and upwards scenario from here for Bell and TEK (to a lesser degree) holders.
Good to see they're shifting them
Morning Top , agree and cannot understand the opening big drop ! Also yesterday's . The numbers look healthy the only question mark is what happens to all the money they raised from the reverse takeover or have I taken my eye off the ball on that one
Small placement.
Doesn't look great on the surface but there's a trading update too and sales are picking up. I think they're nearly there. Close on half million in sales in May so hopefully they will ramp up big time during the rest of the year. Selling in China too.
Started: Seamanp911, 10 Jun 2024 09:17
Last post: Badsterman, 10 Jun 2024 10:37
The Oak bloke has just published an article regarding disconnects;
https://theoakbloke.substack.com/p/three-disconnects
TEK get a mention in the footnote.
Fairly sure we will follow up later, when every caught on lol.
Morning Sea,
The LUCY SP finished down on Friday, which might explain the little dip.
I think the NAV/SP disconnect will prevail until the next meaningful news, i.e. a contract worth real money!!
Salt goes up we go down ...go figure
Started: FlagStaffIR, 7 Jun 2024 15:59
Last post: FlagStaffIR, 7 Jun 2024 15:59
Started: Badsterman, 3 Jun 2024 19:44
Last post: Castlepaul13, 7 Jun 2024 06:34
Good morning Excellent stuff .
UK smart glasses article features Lucyd frames. Decent overview.
https://www.thenewoptometrist.com/features/smart-glasses-the-past-present-and-future?xnpe_tifc=4Fx8xfQ.hfbl4I4LbdoDhMpZhfEWVjQsVuU_Ou8sEus3akocbdpLVuA1ajBlRf4Wbf7cbdiArkxJOIeu4I1pxFB.xDPsbfnT&utm_source=eBlast&utm_campaign=The%20New%20Optometrist%20-%20Issue%20114&utm_medium=email
Let’s hope it’s properly SOLD OUT rather than just having failed to order in enough stock. Time will tell.
Despite liking the general idea of connected glasses, I’m definitely in the (glasses choosing) camp of trying on before buying and currently the vast majority of outlets are in North America with just 3 in Europe and none in UK.
It is however, one of those products which, if it’s good, will expand rapidly as colleagues /friends get to see the physical glasses.
Has anyone on here ever seen a pair in use?
atb
Sold out signs are up;
https://lucyd.co/collections/sunglasses-collection
Started: Seamanp911, 4 Jun 2024 10:36
Last post: Scoobydoo321, 4 Jun 2024 11:54
Amazed - tried to buy 1,500,000 shares at a 20% above current offer - no price - T2 authorities need to look into this.
IG are giving a price now, 10.15p to buy 25k
Agree just tried to buy a gramds worth won't give me a price
Something very suspicious you can sell 100,000 shares but cannot buy 500
£100k sell off this morning just appeared , never goona help 😭
Started: Badsterman, 1 Jun 2024 14:25
Last post: Badsterman, 1 Jun 2024 14:29
I had a little chuckle at their rather ambitious criteria for changing accounting standards;
"We will remain an emerging growth company until the earliest to occur of: (i) our reporting $1.235 billion or more in annual gross revenues; (ii) the end of fiscal year 2028; (iii) our issuance, in a three year period, of more than $1 billion in non-convertible debt; and (iv) the end of the fiscal year in which the market value of our common stock held by non-affiliates exceeded $700 million on the last business day of our second fiscal quarter."
$700,000,000 MCAP!! That'll do me. 🤣
For the resale of up to 10,173,782 shares.
https://tinyurl.com/59s2r75d
Also included is a detailed appraisal of Lucy's business plan along with current and future prospects/financials.
There is a lot of detail, so probably Sunday night reading!! 🤪
Last post: lordloadsoflolly, 31 May 2024 16:50
BillfromBristol - yes, obviously those Salt sales are from last FY (ending 31 Dec 23).
And yesterday they added "the rollout of MicroSalt across new and/or further B2B product lines has been slower than hoped during the current year to date".
I agree Microsalt's fortunes could change rapidly. But as things stand today, you've a company generating scarcely over £500k in annual sales, producing £ multi million annual losses, yet capitalised at almost £43m. That's plain nuts. Barring the announcement PDQ of some huge new sales contracts, I suspect today's bounceback will be very short-lived.
'That value is taking an awful lot of growth for granted, when current FY sales are c. £470k & the company just lost around £2.75m.'
Wasn't that last year, not current year?
So Microsalt at £40m is taking an awful lot for granted.
Where do we see Microsalt share price on one of the Major food companies below placing volume orders.
" I am delighted that we can look ahead with the utmost confidence and in eager anticipation of further successes awaiting us".
Reading below this seems highly likely
A key focus of the business during 2023 was of our larger-volume B2B opportunities with a number of multinational FMCG companies and food manufacturers. The majority of these opportunities have now passed through the R&D phase as well as production testing and then consumer testing. In particular, the Group is now an approved supplier of Customer B and Customer C, which although separate entities, operate under the same group. Customer B launched an existing popular product now using MicroSalt in the Mexican market in the fourth quarter of 2023. In 2023, 29 mT of MicroSalt was delivered to Customer B. Customer B also provided annualised volume targets, albeit on a non-binding basis. Furthermore, the Company began negotiating a purchasing agreement and joint development agreement with Customer C which is expected to be executed in the second half of 2024.
Other selected milestones achieved during 2023 include:
• Partnership announced with Customer A for the development and execution of low-sodium solutions across the retailer's extensive line of private branded snack offerings. This will lead to placement of several of their snacks using MicroSalt® in lieu of traditional salt, beginning with 800 stores in Q4 2023 with the potential to expand across more than 7,000 store locations in the medium term;
• Agreement with supermarket chain, Giant Food of Maryland LLC, one of the most respected food retailers in the mid-Atlantic United States, to carry MicroSalt's new saltshakers across its 160 stores;
• Continued sales expansion of SaltMe! crisps and MicroSalt shakers with new placements in over 400 additional U.S. retail stores.
• Agreement with US Salt LLC for the distribution and delivery of MicroSalt's low-sodium solutions.
Theoakbloke has a point.
But what he fails to mention is that post-this morning's slight rebound, SALT's market cap exceeds £41m.
That value is taking an awful lot of growth for granted, when current FY sales are c. £470k & the company just lost around £2.75m.
A very good read.
Started: Spinal_Tap, 31 May 2024 13:39
Last post: Spinal_Tap, 31 May 2024 15:15
We are on the rise, but may get some resistance between 12-13p.
All the underlying assets point to a massive rerate
My short term target is actually 32p from a technical point of view. I see it as a long period in the doldrums. Then the initial rebound to 17p which is often rejected. Then the 2nd time around it has more impetus/confidence and has a more sustained rally..
Heading back up to 16.75p.
Started: TrustedInvestor, 31 May 2024 15:05
Last post: TrustedInvestor, 31 May 2024 15:05
Started: Spinal_Tap, 30 May 2024 14:41
Last post: Seamanp911, 31 May 2024 13:31
Quite a bit being traded pre market at over or at one dollar
Great stuff Sea, very exciting - the next meme stock!! Could do wonders for sales with increased awareness of the glasses.
I might even chuck in a few grand, if it dips again.
Bad, the way it moves we could see another plus 100% or a minus 100% who knows but it's compelling to watch
32% up now with Lucy.
Bodes well for later. By way of comparison they were well down on pre market trading yesterday before racing away at open (closed down though).
Might be another RNS in the wings
LUCY trading 10-15% higher in premarket, can't find any rumour/news that supports an upward move.
She could be in for another volatile day. 😉
Started: Tivman, 30 May 2024 19:29
Last post: Tivman, 30 May 2024 19:29
Started: cm22, 30 May 2024 18:02
Last post: cm22, 30 May 2024 18:02
And here is another article. This one seems to have more information:
https://www.proactiveinvestors.co.uk/companies/news/1048759/microsalt-shake-out-as-shares-fall-17-after-maiden-results-1048759.html
Overall, i would see the underlying details are more positive than the headline miss..
Started: cm22, 30 May 2024 16:32
Last post: cm22, 30 May 2024 17:02
Yes TopCatz, that pipeline chart that they showed looks quite lengthy. On the plus side is that once it is validated it would provide an easy avenue for future sales. Just extend it across the rest of the product lines. No reason for Pepsi et al. to use their salt in some lines and not others..
Also, acts as a barrier to exit. Any process to move to a competitor would be equally lengthy.
Thanks for posting CM
One thing I would say, is that if we're to believe that Microsalt are to be working with Fortune 500 companies etc, then we can't expect everything to happen over night. These companies are huge so aren't going to be as nimble as smaller companies when it comes to major changes.
Saying that, the clock is ticking regarding new legislation/regulations so they'll have to get a wiggle on soon
Https://ukinvestormagazine.co.uk/microsalt-upbeat-after-transformational-year/
Seems quite upbeat. 2024 still looks good for Microsalt.