Member Info for Ctw2014

Looking back it was €450k not £100k but the point still applies.

Fats. Whilst it is probably an overstatement to call it a master plan, it also occurred to me that Ed might regard it as fortuitous if the SP was low after Leap is sold and he can buy (unlike Midas, I believe he remains inside until then because he will still be privy to lots of price sensitive info about the potential sale which has not been disclosed to the market and will not be until the sale is announced). I don’t personally share your view that we are being conned about the potential value of Leap although like most I thought it would be more. In retrospect the signs were there, as others, in fairness, pointed out at the time, such as the need for us to give them I think it was £100k a while back which revealed that they were still not generating free cash. However, my own view is that Ed will have to move fast if he wants cheap shares after the sale, because I think we will get a healthy bounce when we have £6m in the bank and the rest of the portfolio for free.

We don’t know that they haven’t .

Good spot. Why not email the company to draw it to their attention and suggest they contact the BBC to correct the claim that this lot were first?

How the beeejesus could they be forward selling when they would have to pay 20p a share to convert?! Absolute tosh.

China is also in trouble economically and I doubt will want to spend billions on a war right now.

Yes let’s see what he has to say. Believe it or not I have topped up on this morning’s drop. Unless the NAV is complete tosh, this is now ridiculously underpriced even with our share of Leap valued at £6m (currently our MC).

Welcome back Fats.

Have posted a few questions on Investor Meet Company. Suggest others do the same. I am sure you are Doggo?

I will leave others to form their own view about whether Ed is still inside or not, but the following dictionary definition may be helpful: “the illegal practice of trading on the stock exchange to one’s own advantage through having access to confidential information.” Personally, my belief is that Ed will still be in possession of confidential information about the sale of our interest in Leap (confidential as in not available to the market) and is, therefore, still inside, but each to their own. GLA

I agree that a sale could come soonish now, and there is still plenty of time for it to happen by the end of the year. Have to disagree about Ed being in the clear to buy shares though. In my view, he is still inside till the deal is done and announced. This RNS doesn’t change anything on that score. It just dampens market expectations for when the sale arrives. He will still know more than the market does, and so is still inside.

When the disappointment of the RNS subsides, the market ought (hopefully) wake up to the realities of MC versus NAV. If Leap sells for £5-6 m (given expectations of more have been dashed) that means we will virtually have our MC in cash with the rest of the portfolio for free. Objectively, and putting aside past expectations, that is a pretty good value opportunity, which will fully exposed on the sale of Leap and now, with the sale price already telegraphed to the market (so no expectations dashed at time of sale). Irrational, therefore, and purely in my opinion and certainly not advice, to sell now at such a depressed SP. GLA

Always look on the bright side of life, da da, da da, da da da da da da….
Right, so let’s be honest. Those who have posted that Leap would disappoint have been proved right, and those, including me, who thought the March valuation was conservative and be exceeded were wrong. Many will be hugely disappointed and those that managed to get out at higher SPs will be relieved, maybe even smug but…..

“…….with potential sales as indicated and more fully explained in our earlier announcement in December”

RNS of 15.06.22 (just 2 months ago) referred to the first commercial order of 500 T42 units under the framework contract announced on 17.12.21, and stated that further orders are expected for other ports across Latin America.

The trading update in June emphasised that with major international customers it is often necessary to work through lengthy trials etc before they commit. There is no reason to suppose, therefore, that the pipeline does not include some major container/shipping/distribution companies interested in adopting the T42 for their containers. The recent big announcements have mainly been related to port authorities and general distributors which may be why the focus on those has been mainly lockies. The delay in updating could be because something big is due to be signed off and they want to include that. All speculation, of course, but in my opinion more likely than the T42 being redundant, or the new strategy being misjudged.

The 17.12.21 RNS (LATAM contract worth up to $40m includes Tetis/T42). I very much doubt the Tetis/T42 is “redundant” given that it is specifically designed for containers and has an internal arm with sensors that the lockies doesn’t have. Your believe that the Tetis/T42 is redundant is speculation and very unlikely to be correct in my opinion, and most definitely not fact.

On the flip side, any new good news could blow the doors off in a good way.

At 16p odd it would work out about right. Crazy that one trade can influence the share price so much but that’s what happens with such low volume.

20% down is actually quite a modest drop compared to many other shares on AIM over the same period. Disappointing yes, but the result of general market conditions methinks.