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"It can take a company from just a few weeks to up to four months to complete a reverse merger. By comparison, the IPO process can take anywhere from six to 12 months. A conventional IPO is a more complicated process and tends to be considerably more expensive, as many private companies hire an investment bank to underwrite and market shares of the soon-to-be public company."
https://www.investopedia.com/ask/answers/08/reverse-merger-ipo.asp
Article is from 2017 and probably written from a North American perspective, but I think the principles are equally applicable for a London listing.
"Samsung is an investor and strategic client. Other clients include some of the biggest and most innovative companies in the world."
https://ec.europa.eu/eipp/desktop/en/projects/project-10595.html
(Courtesy of john @codeinehq on twitter)
Sounds keen on AI...
https://www.cnbc.com/2019/06/24/bill-gates-says-hed-start-an-ai-company-today.html
Hi Ben, have a look at the Sentiance client list. Its quite impressive and they are just the ones we know about, as disclosure agreements prevent the company from revealing details about other, possibily even higher-profile, clients. It's a fair assumption that once 50p warrants are exercised that Mesh will pursue its option of acquiring an 85% stake in Sentiance. AI is red hot at the moment and the volume, particularly for a NEX traded stock is phenomenal suggesting more than just retail interest. I appreciate your misgivings about previous company history, but sometimes you have to kiss a lot of frogs to find a prince...
Best of luck, from a fellow Welshman
Break-out coming?
It looks to me like something's happening and I expect there will be another announcement soon. Personally I hope it's something to do with MESH / Sentiance - there's definitely something brewing there judging by volume and price action...
And I also notice that since the weekend RS 'liked', then within a couple of days 'unliked' a few more CA tweets regarding MESH / Sentiance.
Whatever happens I'm sure we'll find out soon enough, but if it's positive then it's unlikely anyone will be able to buy before RTO listing. Hope it's worth the wait, and patience of LTH's is handsomely rewarded!
I think the key word is "temporary", and also: "at the request of the company"
From AGM statement, May 15th:
"Since the start of the calendar year, Sentiance has added 25 new clients, a significant acceleration from 2018 client win levels. Of these new clients, 23 are Proof of Concepts and two have moved into roll out stage. These clients are predominantly in the automotive, health, insurance, banking and entertainment industries, and include Autoliv, Uber, Careem, Absa, InsureApp and Trov. Given the sensitive nature of Sentiance's client partnerships and the type of disruptive service options currently being developed, many of Sentiance's client relationships and initiatives remain at present strictly confidential."
https://www.nexexchange.com/announcements?newsid=4349568
Expect 35p warrants to be exercised this week, and 50p's soon after. Looks like all systems go for a majority stake in Sentiance...
chris akers @sportschris
May 20
MESH Holdings plc (MESH:NEX) #MESH (formerly High Growth Capital) was most actively traded stock on NEX Exchange @NEX_Exchange in April 2019. MESH currently owns 15% stake in leading AI Company Sentiance N.V. @sentiance with Acquisition Option to increase its holding up to 84.8%
High Growth / Mesh currently capped at just over £60m. They have a 15% holding in Sentiance with an Acquisition Option to increase their overall holding up to 84.8%. Now here comes the difficult bit, up to what value could Sentiance be worth? Chris Akers has apparently told investors, $1 Billion. Their AI platform is multi-industry applicable, and the client list taken from the pre-AGM Mesh announcement is impressive to say the least. And that's just the ones that have been made public! On Tuesday they announced a partnership with $6.2bn Autoliv, and I would expect more to follow suit. From Wednesday's pre-AGM statement:
"Since the start of the calendar year, Sentiance has added 25 new clients, a significant acceleration from 2018 client win levels. Of these new clients, 23 are Proof of Concepts and two have moved into roll out stage. These clients are predominantly in the automotive, health, insurance, banking and entertainment industries, and include Autoliv, Uber, Careem, Absa, InsureApp and Trov. Given the sensitive nature of Sentiance's client partnerships and the type of disruptive service options currently being developed, many of Sentiance's client relationships and initiatives remain at present strictly confidential."
https://www.nexexchange.com/announcements?newsid=4349568
CA's valuation does not seem beyond the realms of possibility when you consider recently proposed take overs and funding in the AI sector:
https://www.cnbc.com/2019/03/26/mcdonalds-300-million-deal-with-dynamic-yield-is-a-brilliant-move-for-artificial-intelligence-and-fast-food.html
http://www.ejinsight.com/20190509-alibaba-backed-ai-startup-megvii-raises-us750-million/
chris akers
?@sportschris
3 Top Artificial-Intelligence Stocks to Watch in May https://fxn.ws/2E39G7M #FoxBusiness Make that 4 @sentiance which is 15% owned by NEX listed High Growth Capital plc which is changing its name to MESH Holdings plc later this week
**********
Disclaimer: This is speculation and research on my part, based upon previous RTO history between RS & CA, and the apparent dove-tailing of their respective companies aspirations. I have no insider knowledge or information, but would be delighted if this was a high growth opportunity BLOC chooses to pursue.
***********
Good weekend all!
A deal with Chris Aker's High Growth Capital seems like a good fit to me - they are apparently looking for a main market listing, he's enjoyed previous RTO success with Rodger Sargent with whom he shares the same office building and if it's the case then there's a less than cryptic reference in the BLOC half year report on Mar 27:
"The Company's investment criteria was extended to include HIGH GROWTH opportunities within the wider technology sector, including the blockchain industry"
However as a LTH I suppose I'm always inclined to look favourably upon potentially positive outcomes, and like RS's posting history on twitter it may just be a case of an over active imagination on my part... guess we'll just have to wait and see!
At the High Growth AGM on Wednesday investors brought up the subject of a main market listing, but management remained suitably tight-lipped. I'll be following their progress with interest as it looks an exciting prospect and I would be delighted if BLOC got involved. Have a look at the HASH messageboard for further details of what they've got going with Sentiance.
Morning A_H, I noticed that too. It’s weird, he likes all CA‘s tweets about High Growth Capital and Sentiance for one day and then unlikes them. Other than that he only ticks up references to horse racing!
Seems like a healthy retrace to me, before the next leg up. Probably be back on the top risers board within a few days looking at the recent chart :) and good luck to anyone who does make money on the way up! That’s the reason people by shares in the first place and short term traders inject much needed liquidity into micro-caps.
Everyone has their own strategy and while it’s great to see one day 40% gains In anticipation of an announcement , I’m more interested in the potential price upon relisting after a deal has been done.
"RSK Network for ethereum-like tokens & smart contracts on top of bitcoin’s blockchain, has launched a “third-layer solution” to help scale this technology"
https://www.coindesk.com/rif-launches-layer-3-network-to-scale-bitcoin-based-smart-contracts-tokens
It runs at speeds around 50 or more times faster than bitcoin
"Since the start of the calendar year, Sentiance has added 25 new clients, a significant acceleration from 2018 client win levels. Of these new clients, 23 are Proof of Concepts and two have moved into roll out stage. These clients are predominantly in the automotive, health, insurance, banking and entertainment industries, and include Autoliv, Uber, Careem, Absa, InsureApp and Trov. Given the sensitive nature of Sentiance's client partnerships and the type of disruptive service options currently being developed, many of Sentiance's client relationships and initiatives remain at present strictly confidential."
https://www.nexexchange.com/announcements?newsid=4349568
Big news out today for High Growth Capital (HASH) and Sentiance for anyone interested in their Artificial Intelligence platorm. Seems to have impressed Rodger Sargent too, as he liked the following tweet by Chris Akers:
chris akers
@sportschris
4 hours ago
SENTIANCE POWERS AUTOLIV SAFETY SCORE - Sentiance.
This is very significant news and a great boost for High Growth Capital plc to be renamed MESH Holdings plc tomorrow at the AGM https://www.sentiance.com/2019/05/14/safetyscore-2/
Normally it's only horse racing that tickles his fancy :)
Chris Akers comment on twitter:
SENTIANCE POWERS AUTOLIV SAFETY SCORE - Sentiance.
This is very significant news and a great boost for High Growth Capital plc to be renamed MESH Holdings plc tomorrow at the AGM
Antwerp/New York – May 14, 2019 Sentiance is happy to announce the partnership with Autoliv Inc., the worldwide leader in automotive safety systems. Leveraging amongst others Sentiance’s platform, Autoliv has launched its Safety Score application. Autoliv Safety Score is created to help ride-sharing companies, insurers, and original equipment manufacturers (OEMs) derive a unique understanding of an individual’s safe-driving patterns and provide a framework for coaching and improving safe-driving habits, in order to save more lives in every day traffic.
As part of the solution, Autoliv’s Safety Score uses Sentiance’s motion intelligence SDK to monitor the movement of a driver’s mobile device and gain certain insights into their driving events. The events are then further processed and validated through Autoliv safety knowledge, providing the user with a personalized 3-digit safe driver score. Drivers with higher scores exhibit more safe-driving behaviors over an array of data points including turning, acceleration, braking, speed, and distractions.
“We have established a great working relationship with Sentiance,” says Christoffer Malm, Autoliv Director of Digital Business and Mobility. “Many insurers, ride hail companies and car OEMs need a full end-to-end solution. The combination of the Sentiance underlying technology with Autoliv’s proprietary safety algorithms is a great fit, allowing to create very use case specific solutions which also take into account geographical and cultural fine-tuning.”
Sentiance’s insights allow companies to better understand the context of a driver, helping them more accurately predict risk profiles. Through its proprietary platform, Sentiance leverages sensor data to identify driver’s patterns and behaviors to help companies to assess different factors of safe driving.
Autoliv, Inc. is the worldwide leader in automotive safety systems, and through its subsidiaries develops and manufactures automotive safety systems for all major automotive manufacturers in the world. Together with its joint ventures, Autoliv has more than 66,000 employees in 27 countries. In addition, the Company has 12 technical centers around the world, with 19 test tracks. The Company’s shares are listed on the New York Stock Exchange (NYSE: ALV) and its Swedish Depository Receipts on Nasdaq Stockholm (ALIVsdb). For more information about Autoliv, please visit company website www.autoliv.com
Very true philg65, and I firmly believe that the adoption of blockchain will in future be regarded the biggest technological advance since the advent of the internet. However it looks like crypto is starting to gain mainstream traction - especially with news this evening that Amazon owned Whole Foods is now accepting bitcoin:
https://finance.yahoo.com/news/huge-amazon-owned-whole-foods-163504090.html
Similarly, $7 Trillion backed Fidelity will allow institutional clients to get in on the action within the next couple of weeks, potentially opening the funding floodgates for a huge volume of new investment:
https://cointelegraph.com/news/bloomberg-report-fidelity-will-start-institutional-bitcoin-trading-within-weeks
Interesting that you mention the money pouring into the blockchain sector today - especially with bitcoin soaring past $7.5k again - do you think that with confidence returning to crypto, the Chorum deal might be back on the table?
I thought it was a fantastic opportunity, but understandable that it was pulled when btc was hovering over $3k back in early Feb and management citing "greatly reduced levels of market activity".
Market activity certainly seems to have picked up recently!