Chris Heminway, Exec-Chair at Time To ACT, explains why now is the right time for the Group to IPO. Watch the video here.
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P.S. It should be at 20p but it won't be based on AS being utterly s**te.
We are in full agreement the investees are good, we disagree that AS is capable of getting the SP up, as is clear as day top see.
The investees are not the problem.
Enjoy the weather.
Rhodi also. Please try and use paragraphs it is un-nessacerily hard to try and read 1000 words with no break in writing.
Rhodi - The difference is.. what I am saying is based on evidence and facts, DA still doesn't make any money, AS has been saying the same for years & as much as your tech mates might consider themselves qualified to make these assumptions that it would usually take 10 years et al... this does not make this FACT.
I have family high up in tach land, being computer minded, cousin in particular is worth close to £100m (amount unknown as he aint flash) very successful tech head.
I know for sure tho that he / they would never speculate to that degree... If I said to them how much is a company that makes zero profit worth that works with MS etc.. they would reply... maybe £20m maybe £1b+ but they wouldn't looking in from the outside make the assumption that MS will buy it or that is worth many billions.
In my experience its just not how tech minds work based on such little evidence. And there is very little evidence to suggest it being the case. but there is plenty of evidence to suggest that this wont be at 20p this quarter.
2 events have happened recently and its dropped.
As has been saying the same for years.
The PR is rubbish.
AS withholds price sensitive news.
Its fallen 30% on a week when there have been positive developments.
Theres no evidence to suggest there will be a sale, apart from that of a man who has been saying the same for to many years.
And most importantly.
There is ZERO hunger for the shares.
No offence but you're kidding yourself. Pointless discussing further. We disagree.
camkit 6 years ago is 6 years ago and that is the naivety of investors. I speak with individuals with careers in tech and they say that it would take ten years normally to get to the stage Device Authority is at. They are impressed with all they see in Terns Investee companies especially the synergies and recurring revenue with Device Authority and Wyld. They are really impressed by what Al Sisto has built and in the timescale, it is not his fault if unrealistic expectations in the first 3 years were opinionated by investors. Covid has given us boosters on the Tern Rocket due to the way we work from home and how cyber crimes are becoming very much more prevalent.
Regarding your question" how will the sp rise". It will be on the release of an rns. As simple as that nothing more and nothing less it .But with five to six years we are only now in the correct time scale for this to happen.
The rns will be in the format of either a full takeover or third party interest in any of currently 3 investee companies that will take place. Al has even mentioned the latter prospect happening this quarter. EPS is worth more than Microsoft so I am not with the school of thought that says Device Authority will be purchased by Microsoft only. Renesas is another Global player closely synergised to DA but they have made acquisitions already. A venture capital company specializing in IOT may also be interested.
However Tern remains a sitting duck at current sp. Al Sisto imo realizes this and is only now in a position to release news that could change the landscape forTERNS SP permanently for the better. Hence I believe everything is aligned for an announcement and a re-rate, nor do I believe it is difficult to conceive given all the evidence that is out there within a researchers domain.
I learnt a valuable lesson in a pharma company ten years ago thinking it was a 2 to 3 year time scale. My Naivety back then as a drug to get to market is likely to take 7 to 10 years and multiple dilutions through fundraising . No different with Gold explorers or small cap oil exploration. I am wiser and my timing on investing is significantly better than it ever has been. I see Tern this year as being perfect timing.
I appreciate your view and do not see you as ruffling any feathers. You merely voice some of your concerns. Could this have had better PR.... most definitely. Would we have been able to build up the relationships and partnerships and far reaching contacts that all the investee companies have and which is only now coming to light and being uncovered....imo most definitely not. Having worked in the Leisure industry for a long time I believe knowing how cut throat sectors are I would have played it exactly like Al Sisto but would have aimed to get any placement done in double digit figures. By raising in single figures imo he devalues his very investment companies he is trying to exit for a premium. That I believe has been his only shortcoming .Off out but GL