Member Info for cm22

I wonder if one of these companies calling up the Nasdaq is Microsalt...?

https://www.bbc.co.uk/news/business-67717219

On the IPO if they wait a month or 2, could get a lot less dilution if financial conditions pick up. Already had FED announce they are moving towards cuts. Need ECB and BOE to do the same. I am not sure what the funding situation for Microsalt is currently.

The link works for me Tivman, you need to copy and paste the whole thing.

>50p i expect by next XMAS.

I don't think what happens in the next few weeks really matters all that much. For LUCY, main thing to watch will be the sales for the licensed brands and that won't be reported until at least Q2.

On September 11, 2023, Maxim Group analyst Matthew Galinko made a significant move by initiating coverage on Innovative Eyewear (NASDAQ:LUCY) and giving it a Buy rating. Galinko also revealed a price target of $1.75 for the company. Innovative Eyewear specializes in the sale of smart eyewear, which has gained popularity in recent years.

LUCY up big yesterday. BELL up big today. Microsalt IPO coming. TEK should follow soon.

Hi Tivman the B2B market is bigger but the consumer market is sizeable in itself.

Hi Topcatz, i haven't tried using it much yet so am still experimenting. I try for about half. I noticed that it seems to be less condensed than the regular salt. The other box is 750g compared to 170g for microsalt. Yet the box is more than half the size. It spreads out in a light fluffy manner more like flour. So it looks like a lot is being used because it is more visible. Also, none is wasted because of the adhesive quality.

What is the malfunction?

My own order of Microsalt arrived this afternoon also.

£7.95 for 170g is more expensive than standard salt, although you only need half as much.

I too had trouble opening the top. In the end i used a knife to cut away the plastic bit (I doubt this was the intended method).

I can confirm there was a spelling mistake in the ingredients 'zeron' rather than 'zero'. Also they mistook 'friber' rather than 'fiber'. But i am sure they can change that..

On the powdery texture this shouldn't really come as a big surprise. They do make reference to this frequently. I believe it is this which gives its adhesive quality.

It seems good so far. Definitely tastes like salt. More powerful, so have to be careful in pouring it out. Haven't cooked with it yet so maybe i will make a second review later. Will likely buy again.

Hi TopCatz, you could kind of make a case for LUCY. It is a massive market and they have got a little bit of traction now. At least they show up now when you do searches for smart eyewear and apparently they are actually pretty good quality according to Agricore. There doesn't seem to be much competition in this niche of the market, good quality but a bit cheaper. Bose, rayban etc are targeting the top end more.

Yes, interesting that it is the first thing they mention. Suggests they will really be pushing them.

Hi Seaman, I am not show how that RNS would go. Would surely undermine the IPO if they then went ahead with it in UK...

For what it is worth i don't think they are thinking about shifting the IPO, just a timing thing. Maybe want to see the wider AIM index bottom out.

Personally, i wouldn't do it on the AIM though. If TEK had listed in the US originally i think it would be higher than 7.5p today.

"Britain’s market for small and medium sized stocks is shrinking rapidly, challenging London’s status as a international financial center, according to UK investment bank Peel Hunt.

A lack of initial public offerings, along with a flurry of takeovers by overseas and private equity firms, mean there are more companies leaving the UK market than joining it. The trend is particularly pronounced for the FTSE Small Cap Index, which Peel Hunt says has lost 10% of its members and 20% of its market capitalization this year.

“We are currently in a doom loop, where valuations are low, liquidity is reducing, investors are seeing withdrawals and there is little desire to IPO,” Charles Hall, Peel Hunt’s head of research, wrote in a report. “If this continues, the UK could lose a crucial part of its financial ecosystem.”"

This really needs to be addressed. Perhaps Microsalt are wondering whether London is really the best place to IPO..

"The valuation gap between the London bourse and its major peers has widened, with a yawning discount of 26% to Europe, as measured by Ebitda multiples in the MSCI UK Index. They were almost at parity in 2015."

I wonder if this will revert back again next year when we have a sane govt back in No.10 and perhaps a renewed sense of optimism...

The AIM 100 bear market started on August 2021, and so now has continued >700 days. Making it one of the longest on record. During that time it has fallen around 50%. The wider AIM market has performed even worse and has underperformed other junior markets around the world.

How much longer can this bear market last when the market is expecting rate cuts in the near term?

Has there ever been a better time to invest in AIM stocks at such low valuations? AIM stocks as a whole have historically performed poorly and opposite to previous periods the last 20 years small caps have underperformed big caps.

While this is true, some AIM stocks can have astonishing returns. The businesses of Microsalt and BELL have had fantastic years even while the SP has fallen. These are great companies long term and when financing conditions and sentiment improve these are likely to be among the first to prosper.

Interesting that people blame LUCY for the fall in TEKs SP but if you look at the correlation of TEK and BELL it is fairly high while TEK and LUCY isn't that high at all. Aside from the Microsalt IPO of course will be interested to see the end of year update for BELL and the rate of production in H2 2023. With the new investors on board and Innomax up and running, looking for a decent improvement.

Feels like we are in the capitulation phase. A lot of people have reached their pain threshold and aren't really thinking too clearly.

Theoretically, it should be a good moment to IPO. Rates have peaked and the market will increasingly be looking for cuts going forward. I am hopeful it will happen in December. Don't particularly like being kept in the dark, like everyone else i suppose.

I thought LUCY came to market too quickly. Usually, businesses are a bit more developed before they IPO. Also seemed to be overtaken by the bear market, which was unfortunate.

The implication here is that Microsalt isn't doing well and needs 'to move forward'. It is already growing very quickly. Shouldn't confuse the share price with the performance of the underlying business.