Member Info for GLR1990

Lots of contracts won since last update
80m+ revs expected
Ebitda+ already achieved (200K)
About Health, PPH and OH departments operating circa 30-35% margin (recent 760K per annum contract signed)
Contracts restructured, and poor performing ones removed as per last update

Business as usual, win some more contracts for the higher margin sectors of TLY, restructure old contracts to make them profitable, release iterims, share price goes....

All IMO do your own research, not to be taken as investment advice

just the seller so people afraid to buy, but cash should act as support (and we are ebitda+ by 200K as per last results, this expected to increase) so IMO even the bearest of them all really can't make a case for less than 19p at the minute - should be closer to 50p IMO DYOR

N4P now a one trick pony

STAR has Kylos, Tetis, Watchlock and Helios
Each one potentially worth many millions to the company

Partnerships with Bosch, CropX, E-Morotbike Manufacturer, Concrete Monitoring Control Systems, ShipTek, Contugard (Very Exciting IMO), WIMC, Pinnacle etc. also potentially worth millions in revenue individually

The current RR is supporting and steadily pushing the SP north, any big contract that lands (and with current exposure - top 5 contrainer tracking, top 15 asset tracking, Bosch) we could really be at the start of a strong surge north

Does give me confidence that the newlands are in here (and obviously higher prices as we are at an all time low)

Done well on a lot of shares, Filtronic, Tower Resources etc.

OVERSOLD*

Not a good typo!

More good news sending the SP down, Lovely...

Already undersold simply based on previous investment ratio

Now we have had three sets of good results... what more does the market want!

I'm here at least until the next set of results, and likely longer as I believe they can restructure and turn this business into a healthy profitable company, but confidence does drop the longer it goes without updates or new contract wins

Looks like it was taken down all week, probably as someone wanted in BIG
Now its Friday and we have the IAS and IAA coming in the next two weeks (potential launch spots for the new TDL - not suggesting this is going to happen, just potential) they've got in under 3p - which is still a very nice price if you believe we are going to be a double digit MCAP company soon

Always

Dont get me started on WSG

There's loss making companies valued way higher than us, we are on target (with new acquisitions) to post around 80m revenues for the current financial year

I understand the risk, low margin, high costs etc. but thats a lot of moolah to play about with and GET RIGHT

May be a big seller in the background keeping it down, as I feel investor confidence is quite high and most appear to believe it is quite undervalued

Thanks Graham that's a well rounded view, and reflects most of what I presumed was going on here at TLY

Interesting Statement that some of the VoCare clients/contracts can be better managed or serviced at other departments within TLY

Not interested short term looking to hold 6-12 months then review, so looks like a good recovery play to me

800K in sells across the day then all of a sudden in less than 15 minutes 700K worth of buys

How are we seriously valued at 13m? This is almost cash?

Genuine discussion, all views appreciated but please back up with figures and facts

From what I can see, we have 27m in Assets and a audited revenue of 42.5m - which is all well and good but you need to turn that revenue into profit

Of which we have 7m Net Profit and an Ebitda of only 200K - so I can see the negative there, however with 10m Cash and a MCAP of 13m... surely even with that the SP should be higher?

I can see they have been working on some of the existing contracts, anyone who makes this much revenue and so little profit, there must be a huge issue with costs so it was good to see some of these contracts improved in the trading update RNS

With the new contracts won and the renewals, one would think that any new contracts will also be in at least the 'good category' no?

So I'm looking at this and thinking, with the increased revenue forecasted for Vocare et al, with better contracts we should be looking at an increased EBITDA+ come the next statement, and fingers crossed, a significant rise in SP???

Discuss?

What else do we require for the funding?
Once the results are drawn up, is there anything else we need to produce that carries risk for the funding?

Yep bottom line is what will bear fruit here

I am personally excited to find out what the BCDS collaboration will bring, I hope it is somewhat similar to that of Spotsee's in 2017 (around the same time ironically) , especially judging on the amount of marketing that has gone into the previous TDL (Which is available on Mouser and DigiKey) it would actually be nice to see a STAR product in a top catalog with a major endorsement, rather than these local low key suppliers and sales agents etc.

Just need that bottom line to start showing the progress behind the scenes and the MCAP should hopefully exceed double figures comfortably - profit is also achievable near term

How has it dropped to this level? Thought we wouldn't see 10p again never mind under 8.5p!

Current MCAP looks just under 9m? Which means IF the next bout of cash comes in, every other asset is valued at less than 2m? Including all agreements, partnerships and work done to date?

or am I missing something here?

No expert here and quite new to AAOG but a lot of questions still need to be answered before we can understand how the market will react, right now it appears the 8p placing price is holding the line, as for the drop this morning well I guess that's just how MM's make their money

If they have identified the new spot as having a very low risk, or almost no risk of the same issue happening again, then great news, if its another trail and test then bad news - likewise with costs, it appears they are covered but confirmation of all this in an interview would be helpful

I am doubtful if we will reach 12p again in the near term e.g. pre-spud but I do think it could certainly be helped providing we have a clear, new plan with mitigated risk

GLA - could have been a lot worse

Hopefully its a not a big deal so they don't need to wait too long to issue the RNS e.g. need more time to figure out what they are going to do - Just my opinion have absolutely no clue either way, lets hope its an easy fix though fingers crossed GLA

Good Morning all hope everyone is well

I agree with LBG, very good summary, IMO (not advice, dyor) the company has enough stock and cash to bring in excess of 6.5-7m revenues without the need to fundraise - so if they do fundraise, in my view I can only see it being for a unexpected substantial order - in summary, have a positive impact on the SP

Words dont mean much on AIM but for the first time in a long time (maybe ever?) we have seen an RNS that stated 'unprecedented number of higher quality new client and revenue opportunities' and 'we expect that revenues for 2018 should significantly exceed those for 2017' - I know last year the word was 'comfortably exceed, not significantly - I have full trust and respect in MR and the team, so this means a lot to me, but take it as you will.

And then of course we have the elephant in the room - our new respected partner Bosch Connected Devices and Solutions, a subsidiary of Robert Bosch - I personally feel this division has some of the best technical experts in the field and is way ahead of the game when it comes to fleet management, telematics, supply chain and asset tracking and monitoring solutions, IMO this is a very strong partnership.

I believe we are also starting to see financially stronger and higher quality clients, such as the electric bike manufacturer and concrete control systems supplier. Remember, cropX is less than 18 months old and could continue to grow significantly, along with WIMC, Contguard and ShipTek. I believe all of these companies should grow in 2019

However I think the Bosch partnership, as all of the details are currently unknown, will likely have the biggest impact (just my opinion) access to the supply chains, releasing a new product and existing contacts

Current MCAP seems to be around 7.5m - 7.75m, which IMO seems to be very low risk and potentially high reward

Not investment advice, all in my own opinion

Must be good news coming - usually get a poor attempt at a deramp like that before good news, bodes well, GL all

DYOR not investment advice

Good luck all, lets hope next week is the start of something really really good for STAR and puts them and their products on the map for the world to see

Hopefully PR kicks into overdrive and our collaboration (and hopefully the new product too, although we may have to wait for that) is covered by the media

Partnering with large companies (especially extremely large European companies, AKA Giants) can be beneficial in many ways, not just endorsement, but also referrals, security, support, marketing, supply chains, negotiations and more

With 3m unaudited revs in H1, this couldn't really have came at a better time

This is truly looking like the START of STARCOM being noticed and taken very seriously in the operating fields and markets and is a very exciting period

Well done to the team Avi, Michael and Uri, and others - let this be the beginning of Starcoms ascent to success