Member Info for daramuda

I would be well pleased if Samsung were to take up the technology but it needs them + + + many more to enable this company to enable this company to get into profit. I reckon the antennas are great but the company needs big volume at a decent price to be self sufficient. Now if you were to talk down to earth business rather than corporate finance and a good successful company with whom Sarantel might be doing business and therefore a pathway to profitabilily I ight understand

Why do I get the idea that you work for the company in some capacity?

If this proves to be the beginning of the breakthrough into a larger volume market, the company financially is on its way and that should be reflected in the share price. Revenues up in the second half. I believe that deliveries from the recent military announcements commence next year. Only concern that I have is the cash burn. This could attract a predator.

Your helpful post did however confuse me a bit. What do you reckon the latest and previous contracts with GD amounted to for Sarantel pa? I cannot put them at $7 million pa. Keep up the information flow!!!

With the amount of money which has been sunk into the technology I put a value of 2-3 pence per share to a military buyer who would want to secure that technology - especially if the company could break even if not better and make a profit.

They are marked on advfn as trades at 11.32 and 11.33 but also as late trades. When you have them as having been announced to the market? I am afraid that I have been somewhat busy all day on business matters and so missed them until I just looked in.

But why marked as sales although they have to have gone somewhere?

Your comments about corporate action were well justified by today's action. Well read.

I cannot see any evidence to support your view that there is corporate action hovering.

nm?

.00675 with TDW. I thought that you thought forthcoming positive news?

I noticed those two trades - both C trades or I suspect T trades. Both in my view purchases. When I first noticed them they looked like a roll over but then I thought why the "C". I believe that there are quite alot of shares available on the market and unlike a week ago and before the 28.07.11 announcement, TDW will no longer take sales online. Therefore any purchaser has a ready vendor from whom stock is available. Any seller who tries to force stock onto the market will cause a ripple in the sp. Whether the two trades indicate news is coming is anyone's guess but I am holding anyway certainly for the foreseeable future. My view has not changed in that unless Wither can balance the books and he might do with many more sales and the savings which I believe that you reminded me about, he will need a large backer to support the company and that in my view means a sale of the company and IP and my price would be up to 3 pence. I know that the company has the Legal and Gen satellite company finance available (convertible into shares) but how can it be attractive to go beyond one bullion shares issued and start heading for 2 bullion? Those are my views but it would be interesting if there is another deal on the cards. If decent that would then lift the sp past one penny although sellers (placees) will come out in force.

Last year's summer/autumn trading statement was not until mid October after the end of the 2010 year (30.09.10) but I agree that it might be opportune for the company to deliver one now.

Thinking back on what you said about savings (a very good reminder for me) that would reduce the revenue requirement, if the 500K reduction was met, by £1.4 million on my model. That would mean therefore revenues of £8.6 million or at £20 a piece 430,000 units. So if he can interest the Japanese further and get a decent further camera order that would be a great help.

I agree with what you say but the military do not order communications for troops on the ground without a great deal of testing first. That should speak volumes for the accuracy engenderd by the antennae. I believe that DW thinks he has done well for all by the amount he has invested in SLG so far. IMO bah - he earns the lion's share and there is always a bank to borrow from. He should acquire more. The price has not run away with itself since the placing.

Well found. But a word of caution. Whilst the recent order of 190,000 units over a 5 year period is commendable and an endorsement of the company's product (by the US military) at £20 per unit and at an average of 35,000 units pa worth £700 K pa there is more that is needed to break even. I will not set out the detail, because the financial report is found at advfn or investgate, but with revenues of just under £3million in the year 2010, the company still made a loss of nigh on £3 million. Using the military deal as a yardstick (sales at £20 per unit), one needs sales in excess of 500,000 units pa or revenues of £10 million to get near break even. Your ISAT and the recent military deal produce say 65000 units pa - far short of what is needed. The product appears good but the cost per unit may frighten off prospective purchasers despite the quality. It seems to me with admininstrative expenses in excess of £2 million pa a third party could, if the board are willing, buy the company and have the necessary financial clout togther with the saving of the administrative expenses to have an attractive add on - General Dynamics? This might mean David Wither giving up a comfortable salary paid by placees (there are no profits) but he could possibly have a consultancy (his military background is useful). Price? The company I am advised has so far laid out £40 million in R & D and patent protection Therefore 2.5 - 4.5 pence per share? That would be tasty to pis plus the institutions and those directors who have put their hands in their pockets (I am not one). What do you think?

Anyone got access to Simon Cawkwell's note to his subscribers? Since he has bought ans is a newly announces fan.

That increase would have resulted from the placing and whilst notified to Sarantel at end June should have been announced to the market earlier. Possibly picked up by the Nomad or the FD went ooops!!!! If any of you are iii subscribers worth looking at Cliff Peat's post yesterday and the attchments and snowyflake's on advfn today.The deal announced yesterday could open up doors imo.

And if the Prime Minister is promoting British business there are are other military purchasers available e.g. France, South America, Israel and even the rebels in Libya (quick payment from sequestered assets) I wonder how they are going with the negotiations referred to in the Edison note of some time ago.

Ref mine of Friday we got a USA deal. Wither still at the helm. Frustration lifted somewhat.