Member Info for Clenchedcheeks

D.m - It was a Super Golden Cross!

We received an update on 27th June which included the sales figure for May and an indication that June would be higher. If you require more regular updates you'd best apply for a management accountant role with them.

Hopefully the sales figures for H2 will show an increase on H1 and with H1 being higher than the total sales for 2023, the outlook is much more positive. Please delay passing judgement until the 2024 figures are available which will be early next year. I still believe that they've turned this ship around and if that's the case then that should reflect in an increased share price next year. Just my opinion which is worth nothing so please DYOR.

Lolly

I agree 100%. They need to either exit early, or pay a Special Dividend to TEK shareholders at the time of float. After all, it's TEK shareholders that have funded the companies to float stage. Holding has so far just resulted in dilution to virtually no residual value in BELL and LUCY. No doubt IMHO will take a different view, but then he wasn't here when the share price of TEK was 40 odd pence.

As for Makealot, yes I recall him spouting that he'd had to pay a little more than 8 pence to get in.

A bid price of 7 pence and a market cap of less than £15m. That's what the board have delivered after three of four floats, with arguably BELL and SALT being the two most promising pre-float in terms of hitting the ground running.

I'm gutted because if we are to enjoy any rise in the share price, it's coming from a very low base and if Cliff comes chugging in the meantime it could take it even lower.

I genuinely wonder how many hours per week he spends at the wheel these days. With three having floated and the remaining one having their own management team in place, I expect Cliff's salary converts to a generous hourly rate. Of course I could be wrong but when some is conspicuous by their absence and rarely provides meaningful updates you begin to draw your own conclusions.

I'd love to know what the larger individual investors such as James Kight think as from memory we were in the 20's when his holding first became significant.

It feels like we're drifting and in need of a positive RNS.

Some time has passed since TEK paid for those shocks to be tried and tested but no news on Revive.

SALT is just about holding its ground due to the complete absence of any contract info or sales data. Surely they've made a sale or two?

BELL has hopefully bottomed out and has finally starting to produce units and generate income.

GUIDENT is very quiet.

A broadcast by the CEO of TEK wouldn't go amiss right now if it contains hard facts rather than the usual waffle. The shareholders deserve that at least.

Have they signed up any new customers post flotation?

Makealot

I assume by your comment, that you're not an existing shareholder? Many of us have been here years and are sitting on substantial paper losses at present. It boils my pi55 when I read smart ar5e comments like yours because here we are having floated three of the original four companies with a bid price of 8.5pence. I personally would prefer to see the share price at a much higher level with the all three companies having been huge successes and a demand for TEK shares driving the share price north.

I agree, the figures make poor reading. Cost and stock control appear to have been sadly lacking.

Let's hope this is the low point and the view out of the windscreen is brighter than the rear view mirror. There appears to be significant demand for their products, they just need to get a control of costs and be able to produce the units at a profit. Fingers crossed that litigation comes to nothing.

Yes, it's most encouraging that someone wants to invest £300k at this point. Was it you theboyg?

Interesting post by The Oak Bloke:

https://theoakbloke.substack.com/p/obscura-belluscura

AConceptIsABrick

Reading the RNS it would seem they've plenty of interest in the convertible loan notes, so the directors don't have to invest. It demonstrates self belief in their products and bodes well for the future. Hopefully the picture will be much brighter come Q4.

Very positive numbers.

The intention of some directors to invest in the convertible loan notes demonstrates confidence in the products.

Agreed.

Do they sell glasses, or give them away?

I doubt very much that they'll be sitting on their hands.

It's been proven that there's demand for the product, so if there have been product defects (and I don't know if that's the case), it makes sense to remedy those before they go again. If they can make it work then it would be reasonable to expect the share price to settle at a higher level in the medium term. Patience is required and will hopefully be rewarded. Purely my opinion though. DYOR.

It's clear there's a gap in the market for the product. They just need to produce it in sufficient quantities with strong quality control.

I understand your frustration particularly if you're a shareholder sitting on a paper loss at present, but it's a high risk AIM share and you should never invest more than you can afford to lose. Constantly knocking the company without knowing the fine details serves no purpose whatsoever.

I personally believe that it can be turned around, but that's just my opinion. Please DYOR.

Yep, it's a shame about LUCY. The functionality of smart glasses is one of the worlds best kept secrets. It needs a prolonged advertising campaign and a network of distributors, for example Specsavers in the UK. Why hold a phone to your ear whilst juggling other things with one hand.

I sincerely hope that TEK don't end up as a bank of last resort if the final day or reckoning comes.

The disconnect between the value of TEK's holding in SALT and its own share price is huge. As has been mentioned below, 20p would be a more accurate figure based on the equity in SALT alone. I appreciate that TEK can't crystallise the value of any SALT shares until a period of one year has elapsed post float but even so 10p is low. Some, or most of the blame must rest with Cliff who I assume continues to enjoy a salary package of 300k basic plus possible 200k bonus despite the fact that three companies (LUCY, BELL & SALT) are now run completely independently. It's not long since SALT was wholly owned by TEK and despite TEK still owning the majority of the shares in SALT, it dwarfs TEK in terms of market cap.

Can those of us who are dissatisfied not come together in terms of our collective holding and raise the salary package at the next AGM?

I agree re Lucy. There comes a time when you have to call it a day and that time is fast approaching.

The products look great, but if you can't sell at a profit there's no point in being in business. Best hope was always for someone to acquire them, but that's not yet happened.

Keen to see an update on Revive. The product looks good, they appear to have belief in it, so why hasn't it taken off as we'd hoped?

https://guident.com/energy-harvesting/