Member Info for 2227

No 10 says businesses will get help with energy bills from October, even if payments have to be backdated.

https://www.theguardian.com/politics/live/2022/sep/14/eu-uk-politics-latest-news-liz-truss-energy-updates

Results due in about aweeks time. Getting approval for the OpenFive acquisition was a significant achievement. It inhances their technological edge and broadens the customer base considerably.

This is a rapidly growing business, share price should explode over the coming weeks and months IMO.

https://www.theguardian.com/business/2022/sep/07/us-bans-advanced-tech-firms-from-building-facilities-in-china-for-a-decade

Results due in two weeks time. OpenFive Deal was a big achievement to broaden their product and customer range. The share price is likely to rise after the results IMO.

AKO Capital and KUVARI PARTNERS have reduced their shorts.

https://www.shorttracker.co.uk/company/GB00BNDRMJ14/

Big trades, most likely buys.

06-Sep-22 12:01:36 140.40 381,500 Unknown* 535.63k
06-Sep-22 12:01:24 140.40 381,500 Unknown* 535.63k

Banditkong,
" interesting Alpha is on the radar for a takeover"

I wouldn't want this company to be taken over. It's got a much brighter future on it's own IMO.

Technology companies are usually valued by turnover. For example Marvell was valued 20 times it's turnover last year. Currently it's valued 10 times of it's turnover because of the tech sector being depressed.

"The transaction will be immediately EPS accretive to Alphawave. Forecast FY 2023 revenue for the combined group is anticipated to reach between US$325m to US$360m with a path to a yearly revenue run rate of over US$500m in 2024. 2023 adjusted EBITDA margins for the group are expected to be between 32-36% with 2025 adjusted EBITDA margins between 40-45% as revenues exceed US$500m."

OpenFive deal fully completed.

https://www.prnewswire.co.uk/news-releases/alphawave-ip-announces-completion-of-acquisition-of-openfive-818440105.html

Energy prices: Businesses 'struggling to survive' as bills rise.

https://www.bbc.co.uk/news/uk-wales-62727373

https://www.forbes.com/profile/sehat-sutardja/?sh=7d4fcc625099

Sutardja's have added more than 10 million shares at prices ranging between 120p and 160p since the deal to acquire OpenFive was announced.

Alphawave IP buys OpenFive to tap chiplet and RISC-V demand
March 14, 2022 Nitin Dahad

Alphawave said acquisition of OpenFive for $210 million will double total number of IPs it can offer, accelerate its custom silicon and chiplet offer, and significantly expands customer base in North America and with a major hyperscaler.

https://www.embedded.com/?s=Alphawave+IP

Insider Sehat Sutardja has vastly increased his holding since OpenFive deal in March. He must have had confidence in the deal being approved and the quality of the company being acquired.

reuters.com
Republican Rubio slams U.S. approval of chip deal involving firm with China ties
August 29, 20227:16 PM

U.S. Senator Marco Rubio (R-FL) speaks during the "Keep Florida Free Tour" at Pepin's Hospitality Centre, in Tampa, Florida, U.S., August 24, 2022.

WASHINGTON, Aug 29 (Reuters) - Republican Senator Marco Rubio took aim on Monday at U.S. regulatory approval of a bid by chip intellectual property company Alphawave to purchase U.S.-based OpenFive, alleging national security risks posed by Alphawave's ties to China's Wise Road Capital.

On Friday, the Toronto and London-based Alphawave (AWE.L), which licenses its technology to chipmakers to produce chips, said it had received all regulatory clearances, including from the powerful U.S. Committee on Foreign Investment in the United States (CFIUS).

Tech companies became excessively cheap and it was a shrewd move by AWE to buy OpenFive earlier this year. It would have cost far more than $210m if they tried to buy it last year.

https://www.londonstockexchange.com/news-article/AWE/notice-of-interim-results/15603638

Interim 2022 Earnings Release likely to be around 21st Sep.