Member Info for daramuda

Your opinion as who the seller might be echoes mine. I do not have access to the order book but it would be useful if the seller would take them off the book. David Wither needs imo to be able to put a deal together with another customer (cameras or military) to get the message outlined in the Edison note out to the market.

I got a little lost in the maelstrom yesterday. Do you or do you not have Level 2? If you do have access could you let us know the state of the order book please.

GedW - listen to phil01. Makes perfect sense but not necessarly an institution - could be one of the private investors who took up stock at the last placing. We know from holdings' rnss that at least two if not three went below 3%. I dont think that announcing the fund raising up front was in hindsight such a good idea. Phil01 - your two posts make complete sense and I agree with your penultimate post. Great shame that there is this persistent seller.

I appreciate that your funds are tied up. If you are a member of advfn may I suggest that you notify a day and time (approx) and then you post your email address on slg and then edit afterwards so as to hide your address. Or I can give you mine on the same basis.

Perceptive. Points that had not occurred to me e.g. that the negotiations with the two Japanese companies are well advanced and that licensing options may have been discussed with them (for SLG to remark upon that avenue). Question: Given your final comment would you be interested in taking part in the placing if you had the opportunity?

It would be good to hear your views.

Very fair comments. The problem as I see it is how many shares will the market swallow and the price at which they can be placed unlikely to exceed one penny. With a cash burn currently running at over £200k per month even £1million raised will not last longer than 5 months unless some really decent income starts coming in. If the various contracts referred to in the Edison note produce then that period could extend because the company advances towards breaking even. Is a shame because their technology seems very sound and with providers of say cameras requiring better GPS signals a move by such providers to Sarantel antennae seems logical.

Even better to register with Edison and read the full note. That has also been posted on advfn by a poster with the monicle jamesmaggs. The interesting part which if successful would enable Sarantel to break into the volume market. they are in discussions with a Japanese module manufacturer and a large Japanese consumer electronics company in connection with getting their product into digital cameras. This is a risky stock but if they can get to break-even with their existing customer base, anything more throws them into profit.

I understand where you are coming from and in ordinary circumstances I would agree with you. This is a risky stock but do read the Edison note to which I referred in my post of 17.06. That has information which has come from the company which could not be included in an RNS. It is very well written and contains tons of information. So if you are an existing shareholder why not read it.

I have to say that I had hoped for more from the trading statement and I did not expect them to seek more finace so quickly after the December fund raising. The possible answer is a reverse into a bigger company (even an American one). Also the statement was somewhat opaque as to future trading. having said that Edison have come out with a report which can be sourced through Stockopedia and advfn (see jamesmaggs post) which gives far more detail on what is going on behind the scenes.

I believe that with this trading statement, the restoration of the orders of the two customers who had probems (size of orders not known however) and the new contract the tide is turning. It will be interesting to see what the full year brings for if they can aim for as much as £2 million in H2 which would be more than the £1.4 to £1.5 seen in 2010 then just on current orders and development revenues as Phil01 has said the next year could be good with bsic revenues back to at least £3m with £4m to look forward to PLUS the revenues from the contract announced today which in pounds sterling could add £600k. Do remember that DWither said in the proactive investor interview that he saw the need to raise more capital but wished to raise it at a higher share price. Let us see what the market makes of it.

Agreed. Geoff Shingles chairman of Imagination is chairman of Sarantel. Imagination is a 1 billion company. He also appears a straightforward bloke and I doubt would be wasting his time. His view is that the company entertained an IPO too early in its life. That comment had and has great merit because the capitalisation started dropping shortly after the float and then continued. The markets were not developed for its product. There followed the placings. From what I can tell the product is sound - quite possibly the best but sadly if others who would use it want to cut costs to the bone then they will not buy the best if it is more expensive. Now if there is a market for premium products then the "mass" sales could develop but not at a level that a cheap version might achieve but certainly at a healthy level. How many times have you been stuck in a "poor signal" area or been speaking to someone in such an area? In my view that problem could in part or whole be rectified by better antennae - and there Sarantel could have a greater mass market. Products that use the antennae are getting sophisticated enough to warrant the antennae which are ahead of there time and the market that they service. Also some investors have stayed with ithe company over the period since the IPO. In my view you may well see your 4 pence by year end if the markets generally stand up..The death of the Devil osama bin laden has had a negative effect on the market rather than the sound effect that I had anticipated. The trouble is that unless you have a great deal of money to invest you have to spread your investment money. I have about 2.2 million shares now and wish that I had more funds at my disposal to put behind this. I still anticipate a trading statement. Good luck. Worth doing research is it not??!!

Your dummy run was confirmed by the sale of 100K at 1.11. I remain quite confident that these will see a rerating. Even if the H1 results are a disappointment (much will depend on how much the newer customers have replaced the volumn of those "lost orders") I feel that if either or both of those customers has started to re-order as before and with the increase in military enquiries and work, the outlook will be good. Then a question as to whether the market wil see it. At under £5m this is not a highly capitalised company. Also like you I do not see it going bust.

Did a dummy run with TDW this morning. !00,000 to buy on a T3 1.22 online. One can also sell 50K at 1.05 online. TDW have generally been reluctant to give an online quote in the recent two months. Scuby - any pictures of Ms Malyon?

A small point. The new cfo's salary may be less than the previous cfo. Also there will not be Ms Malyon plus the cfo. Another saving which may help the company break even.

Thanks for coming back to me. Some buys today. An early 18K on lse then a purchase of just under 400k at 1.25 pence and then a puchase of 100K at 1.15 pence. Also purchases of over 100K on plus at 1.09 pence. I agree with you that this could turn nicely especially if it looks as if the company looks as if it will break even by next year. The company normally has a trading statement in April of each year. I wonder whether this year's has been delayed because of the two long weekend holidays.

Do you per chance have Level 2 to enable you to see the order book? Or is the fact that someone is still selling info from a broker? Or.......?

Although not a major announcement I am reading it and the ratification of Malyon's appointment as positive. I hope that they are also working on a trading statement.

There was a trading statement last year on 22.04.10 and one in the year before on 15.04.09. There was none at the same time in 2008 because it seems that it was unnecessary given the fact that there was a placing at that time in 2008. So a trading statement this coming week?

If say Iridium were to return or SkyGolf were to reorder the product that they ceased to order that would be a big plus for revenues and the bottom line. But picking you up on an earlier point what would the patents,and knowhow (ie the company) be worth to say the USA military? I do not think as much as the 48 million pounds referred to by David Wither in the Proactive Investor interview for that includes everything spent hitherto on the techs, so I understand. But say 20 million or 5 pence a share if the company survives?