Member Info for gerihatrick

they are predicting a 2nd wave in the autumn...that is exactly what BVC are preparing for with their diagnostic test to cover cold;flu and COVID. That would determine the treatment /isolation issues. May or may not happen but I do feel this test has a future.

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I feel they missed a trick. They could have issued a trading update on the year to date and issued that as part of the AGM statement. They-no doubt taking advice from Finncap -chose not to do that. I was tempted to attend-and did so -by the fact that they said they were going to give a demonstration of their latest software and was disappointed/surprised that they did not issue an RNS that morning.

I actually enjoyed the demonstrations and some questions were answered. They said that business had not been adversely affected by the potential takeover, either with existing clients or with potential new clients. I found that encouraging.

I was also encouraged by the statement that they were delighted with the acquisition of eSize and the eSize team seemed very happy and relaxed in being there.

I feel that the approaches-which had come spontaneously-had come like vultures to a dying animal looking for a quick and cheap feast-not to pay full value for a business!

Their timing was good in that regard but PHD had not put themselves up for sale.

I was impressed by the demonstration of the bePayd facility and they have spent considerable time speaking to buyers/sellers/trade bodies and HSBC checking out the idea and fine tuning the process. The fact that HSBC have given them a £20m credit facility to do this is a positive for me.

I was also impressed with Tim Sykes because he was able to add to points being made by others suggesting to me that he has a good strategic overview of sorting things out.

I will continue to hold-whether an offer comes or not -at least until after the results due next month when we should have a better handle on how things are going.

One of the votes against Alan Aubrey was from a fund which holds 7% of the company. Their representative was in the room and his hand went up!

Google markets products and services relevant to the “search”

Facebook markets products and services on what people “like”

Bango markets products and services on what people “buy”-and and hence what they might like to buy. Amazon do the same-when I buy books I see it!

They have created what they call a “virtuous circle”. More paying users…more payments processed…more payment insights/audiences…more effective marketing to those audiences

Traditionally it cost $35 to land a new client. Using highly targeted marketing this can be reduced to $4. In South Korea it costs $70 per client and interestingly they have just announced a partnership to better address that market.
They are increasing marketing effectiveness from payment data. They have doubled End User Spend (EUS) every year for the last 5 years and this year they have just reached $1b, as well as remaining confident they can double from here in 2020. There is payment/data synergy and data by country makes it more valuable

Data is being used to drive business success, all within GDPR and CCPA (US) frameworks-to protect individual privacy. They are building out this ecosystem and in doing so are looking at ongoing expansion of their capacity to cope

They also re-assured us (CFO) that the 2 outstanding contracts expected in 2019 are expected soon! They are clearly excited about the Korean partnership which is due to commence ?Q3 as this is a huge market.

The morning of the AGM they issued an RNS in relation to a contract for 3 sterilisation plants in Taiwan for agri -waste. This is a follow on from the first unit in Israel and then the Philippines. (you tube video on the Celitron Agri ISS solution system) This has all taken 9 years to develop and refine. What was explained was that Taiwan and China are closely inter-linked despite the rhetoric between the 2 and Taiwanese are the largest investor in China and the Taiwanese are behind Chinese investment in the US-especially in food. This is made even more relevant with the swine flu epidemic in China.

In an overall context the company is progressing well on all facets of the business. The network/cyber expects more contracts as part of the ARM package and the current Government to Government cyber function is hoped to be expanded to large Corporates in the West but they need approval/certification by the Israeli Government to do this (it is also having its problems!)

On the Medical Biology side this is now "kicking on " with units being installed in several hospitals by December and more in 2020. They have over 40 patents for this technology and they have "panels" of tests to cover such situations as meningitis/infectious diseases /TB and sexually transmitted diseases. When one considers that these can produce results in under 30 minutes that is revolutionary in health care. Interestingly the CEO feels that this may well be the largest component of the business going forward but significant revenue will start in 2021. Again he indicated that this has been many years in development. They said that the WHO are very interested in the technology from the infectious/exotic/TB perspectives

They now have cash and may use this for the acquisition of "expertise" but again they will not pay excessively.

I came away with the feeling that this company has significant IP which will result in an increase in the valuation in the business as all this is more fully appreciated. I continue to hold

The Chairman explained the issues regarding the mMIMO setback. Their client Nokia-was in discussions with a US Telecoms company in relation to supply. There was then discussions between that company and another over an amalgamation which delayed decisions. The 2nd company works on different wavelengths This has now gone for anti competitive challenge-which may take time! FTC do not have the resources to sit on that and hence the decision to sell.This was pure bad luck imo. This issue was then compounded by the warranty setback-cost $2m but the customer has not been lost and the relationship is moving on. This is reflected in the order book being $10m + and the company spending $1.3m to expand capacity-plus recruit staff.

The CEO search is in process and the new candidate will have sector/tech expertise. Rob was an accountant and was the right man at the time but they now feel they have sufficient financial resources. The sale process of the antennae side is ongoing.
A positive for me was the arrival of a new NED-a qualified engineer; ex ARM; involved in advising on new tech companies.
I continue to hold with a "core" holding

I hope it is just dripping down on no news in relation to the "preferred provider" announcements which are due shortly from the major studios. As I said from my AGM comment they were confident of gaining that status and when it happened they would then RNS it.

Good to see the picture on the wall! Very technological! I was impressed with Ray on their Presentation Day and he then bought more at 80p. I wish I had followed him but was a bit behind! I remain optimistic on their prospects and their profitability!

it seems that Simon has re-assured people that the SP has risen today. It does not seem to have hit the SRT website yet but I look forward to watching. He does wear his heart on his sleeve and I hope it all works out according to plan.

They are not a preferred vendor yet. As they said in their AGM statement yesterday morning they are carrying out a "de facto" contract at the moment for a major content producer. Recognising that Disney is going solo from Netflix in November my guess is...but they are not allowed to divulge. The other major players are undergoing major internal re-organisations and have not yet finalised their new preferred provider lists for the next 3 years. As they said this is significant work and they continue dialogue with the others. I am sure they will issue an RNS should they get preferred provider status from any of the others.

The major transition that has happened in the industry is that it has moved from "hard" product-DVDs etc to "streaming". It has taken 10 years to happen. It is still happening. The next transition is the move from using Netflix as the source of supply to going solo. Hence Disney has bought Fox and Hulu and is going solo from November -they will have content more than any other player. I think Netflix is a "short" as a result! Over the last 2 years ZOO has become an "ad hoc" vendor as the majors trial other providers to package their content. The next step is to become a preferred provider. The majors will have 3-5 providers and will never use one exclusively-and there is too much work. Dubbing is 10 times the cost of subtitles! ZOO is unique in that it does the job remotely/in the cloud -without a studio-and can maintain the quality.

The new concept they have introduced is now referred to as "ZOO studio". This is a template for all the requirements needed in the process for subtitles and dubbing. They are providing this free to the studios and the other parties, all on the basis that they are one of the preferred providers. They also include in this package what they refer to as a "session" test which ensures that all the components to ensure the quality is in place. This was demonstrated-brilliant. Traditionally, the studios simply sold the content around the world and left all this to the country concerned-that has all changed. They will now handle it centrally for over 50 countries and languages and what better way to do it is there than to use the ZOO technology-they are starting from scratch! While the discussions are ongoing I spent time with the key man based in California who has been there 20 years and clearly has all the "contacts" as well as 116 staff out there. He describes the discussions as being "favourable". They are being rightly cautious as one never knows what is likely to unfold but the chances look good to me and this new function is impressive! AS far as take over is concerned they are always receiving nibbles of interest but £2 would do me fine! Gaining formal preferred provider status would increase the value so if anyone is serious about buying the company now would be a good moment imo.

Progressive Research summary worth reading

rising SP ? cause. ? currency downturn/imminent announcement re preferred provider status with Hollywood studios. AGM is on the 18th so maybe announcements prior to that. Recent company presentation in August the CEO and FD were comfortable; relaxed and confident

key comments include "successful execution of buy and build strategy" ;"FY will be top end of expectations": "pipeline of future deals remain strong"; and they plan to "join the ranks of global leaders". All parameters good.

interesting RNS today. Partnership with Citibank for global application-90 countries and 135 clients-Add to this the partnership with Metropolitan Bank NY for US coverage it would appear that EQLS is going global. Looks promising.

the question is "do FTC do a 320W mMIMO antenna"?. The problem last year was that the antenna waveband that the US telecoms wanted was not the range that FTC produced-hence the big drop in SP

the SP is falling on small volumes-down 6% today on 100k sales so far. If there was any change to projections they would have to announce an RNS accordingly and with only a few days left in June they have not done so-I presume they are doing what they expect to do. Update in early July will confirm progress hopefully!

due on Wednesday 26th June and SP seems to be creeping back up in anticipation

as stated at the AGM 2018 was a "pivotal" year and "2019 will be another year of tremendous operational and financial progress" Maine today adds to that story with lots more to come!

further application to the use of microsalt this morning. I have discussed the implications of microsalt with my medical guru and he feels that such a product has significant benefits especially if the salty flavour is maintained/enhanced.

Interesting RNS this morning. The CEO statement that this partnership with JP Morgan will be a " significant contributor to growth in years to come" is encouraging. And the market reaction would indicate that the market agrees.

I never anticipated that if I sold my total share holding in ZOO I would move the market SP 7%! Yet today just over 80K shares sold and that is what has happened! I hold