Member Info for cm22

Not likely AConceptIsABrick. They were both buy orders.

I saw somewhere that the earnings report was expected today. I guess it will be very soon.

I will add it to the questions that i want to ask Cliff next time he does a Q&A! They must be considering their options at this point given it is the only one left.

TopCatz, i am not that concerned with what 'the market' thinks. A few weeks ago they thought that SALT was worth next to nothing as well. Guident just needs a bit more progress and some publicity and we will be off to the races i am sure.

TopCatz, has the preference for Guident not always been a trade sale?

Good point TopCatz. I have become paranoid about funding lately (for obvious reasons) so that is a big plus.

Indeed, share buybacks can be a more tax efficient to return value to shareholders, especially if they are undervalued as they are in this case.

Potentially, but in the case of Investment Trusts like TEK it is a bit more complicated. It is able to distribute a certain amount of dividend income tax free. Also, it may engage in tax loss harvesting up to a certain point.

Would be a good question to ask Cliff if he does another interview soon.

Hi BillfromBristol,

So you are saying that TEK would pay taxes on investments and then shareholders would pay taxes again on the same dividends?

"The management of TEK have proven largely to be appalling in most respects".

I think this is excessive. How many startups do you think succeed? If you like what SALT has achieved and Guident etc, then TEK deserve great credit in putting those IPs and those management together to succeed. I think it is true that they could do a lot of things better but you should never lose sight of this underlying fact.

Hi IP3LY, I recall that they discussed the prospect of the next IP investment being AI based. They surely have the expertise given those people they have brought on board to know what the market needs.

Hi IP3LY, i think selling TEK and buying SALT here would be heuristic learning of the very worst kind.

On another note, this might be a good time to launch the new AI venture that they have teased given the frenzy in AI at the moment.

Hi Tonno1944, if someone is going to be so fazed by the unwinding trade then i would rather they weren't invested in the first place.

I don't think it is a conspiracy. Just, the exchange can't accurately report the SP. You actually have to go into the order book to see recorded bid and asks to get a proper representation.

And that 8.1p from Guident must be from middle of last year. Will be updated in April likely higher.

Cliff isn't the most energetic CEO. No interviews for 7 months. I thought that the successful Microsalt float would have been the perfect opportunity to discuss the company but nothing so far. Guident seems to me in many ways the least reliant on TEK. The management team there have a lot of experience and expertise. I think the most important thing is that the underlying business grows there, although wouldn't mind it appearing in the SP at some point.

While i think that the TEK SP will converge back to SALT over time (It is almost a pure arbitrage opportunity), it does seem to indicate the highly impulsive nature of retail investors. Not even capable of appreciating basic valuation.

I wouldn't worry too much if it goes up or down day to day.

Yes, that is why everyone still drinks concentrated orange juice - because of cost.

I feel like i have always known this about SALT, and is now catching on with others who were sleeping ( a few of us have been talking about this for >12 months). I feel the same about BELL and Gudient which are going to come good sooner or later too.

I think it will converge given a bit of time. We saw LUCY shoot up to $5 per share last year but it fell quickly back. The divergence won't last long if SALT keeps doing well imo.