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Interesting that Chris Akers now at 3%
Wonder if others will follow ?
I thought the 2020 results look pretty decent.
They had more cash at year end than I expected.
At 31/12/20 PIRI was 6.25p, so there is some gain still to be factored in from this.
It will also be interesting to see what price the PLUTO Digital IPO is placed at.
Check out the new wyld website ...
hTTps://wyldnetworks.com/
Very nice
Hi barnakles.
I agree with Camkite that andrbea is the best one to approach on advfn
I believe he has already been looking at keyfactor and posed questions to TERN/Device Authority.
So he should be well placed to help you out.
As has been mentioned, it can be a bit partisan on there, but the level of trolling they endure is something to behold.
Hi antelope
I concur that $30 billion is a fantasy figure.
I have no idea what Device Authority will end up being worth.
Having said that, I hope and suspect it is worth more than the $400m mentioned in the title of this thread.
Hi Antelope
Dont forget Keyscalar not only allows these device to be secured, but it allows management of the security process to be automated and at scale.
The automation at scale is a problem for many vendors and one of Keyscalars selling points.
One way of looking at value is to review known licensing costs shown on AWS for DA.
(There are similar pricing charts for Microsoft Azure, although these are more complex)
A pack of 10 Keyscalar Device Registration Licenses is advertised at $1,200 for 12 months
The question is, out of the billions of potential IoT devices, what does this mean ?
How many devices might end up being secured by Device Authority Keyscalar for 12 months ?
10 devices = $1,200
100 devices = $12,000
1,000 devices = $120,000
10,000 devices = $1,200,000
100,000 devices = $12,000,000
1,000,000 devices = $120,000,000
I could go on ...
Given the current issues with Industrial hacking and legislative pressures being brought to bear.
Also knowing that Device Authority is a key player in securing the IoT.
(Refer to the recent FIDO announcements for further confirmation of this.)
Keyscalar could be the right product at the right time.
It's not too difficult to suppose that Device Authority might end up securing a considerable number of IOT devices.
Just how many is impossibly to guess.
Even if only 1,000,000 devices were secured by Keyscaler this equates $120,000,000.
And there are a lot more than 1,000,000 IoT devices out there that need securing.
I suspect that is why some people see potential in TERN and Device Authority
Hi Antelope
I very much agree.
The other companies I mentioned might do well but I dont believe they have the potential of TERN.
Its very difficult to estimate how big TERN could become if things go well.
Device Authority FVRVS and WYLD all have the potential to be Unicorns.
INVMA and Talking Medecines could also be worth a pretty penny in time.
A while back, I did a bit of researching for other investment opportunities like TERN.
I checked out RGO, PIRI, VELA, FIPP, TEK and a few others.
I bought into RGO and FIPP and I'm still keeping a close watch on PIRI, and TEK.
VELA, was once a basketcase lifestyle company, but looks like it might be being turned around by new Directors and could be one for the future.
However I'm still of the opinion that non of them are any better then TERN in terms of potential.
Though it must be said that I bought into TERN at a price lower than the current SP.
I would argue that TERN's SP has been surpressed for far too long.
A bit like a tightly coiled spring.
Device Authority has the right technology at the right time.
FVR, INVMA, Wyld and Talking Medicines are not far behind.
It's very difficult to quantify TERN's true potential value but I believe it is worth quite a bit more than the current SP.
Geckonis
You need to read the RNS's
From the 4th May AGM statement
"Although a majority of the votes received were in favour of resolutions 5 and 6 in relation to the authority of the Directors to issue new Ordinary Shares and disapply pre-emption rights, the Chairman of the AGM, Ian Ritchie, after consultation with the Board, decided to withdraw these resolutions from being voted on at the AGM due to the low number of shareholder votes received and given that, on the basis of the proxy votes cast, resolution 6 (to grant the Directors the authority to issue shares for cash) would not have achieved the requisite number of votes to be passed."
No new placings ?
Hi kadavul.
The devil is always in the detail with Al Sisto.
i.e.
In the February portfolio update it was stated...
"The Board of Tern believes that the Company's cash resources are sufficient for its current needs, including developing the portfolio and supporting the progress of its portfolio companies, taking into account the expectation of the availability of third-party funding to assist the development of the portfolio companies as appropriate."
The key bit is "taking into account the expectation of the availability of third-party funding"
From this I conclude, that as long as their is a 3rd party investment event, then no further fundraising should be required in the near future. However in the absence of any 3rd party investment, we all know what is likely to happen.
It's quite possible a 3rd party funding event might not be far off for Device Authority, FVRVS, Invma or Wyld.
What form this funding might take is very much open to speculation.
My gut feeling is that Device Authority is under starter orders now.
The value of its technology should be apparent to all who care to look
and its cosying up with the heavy hitters in the tech world.
Covid has helped to advance the requirement for Keyscaler through increased remote working and device monitoring.
It's definately been a long time coming and whilst nothing is guaranteed, I'm hoping it won't be too long before some positive news arrives.
FVR has been making excellent progress and still has plenty of scope for expansion and diversification of its technologies. They could suprise with a sneaky IPO but I feel they might take a bit more time to grow and expand.
Wyld is a bit more difficult to assess.
So much potential for the Mesh technology.
So much potential in the satellite communications area.
I suspect more time is required to fully develop the potential and for the value to be realised.
Invma is a bit of a dark horse and their move to a SAAS model might yet surprise.
A bit early yet to assess Talking Medicines, one for the future.
Must not forget Push Technology. It's only a small investment from TERN so they might sell this off if they feel the need for some loose change.
The track record of AS would suggest a further placing as the most probable outcome though I would not expect this until the back end of this year or early next year. However, sooner or later Tern will need to prove their business model and actually sell off one of the investee's.
Device Authority could prove to be right technology, right time.
The big question is ... what value can be achieved ?
A good sensible RNS.
It tells us that that there has been a healthy incease in profit for 2020.
Also that NAV has increased in 2020.
The structured funding and investment products side of things may struggle a bit more because of the the cheap money sloshing around at the moment.
But it's worth bearing in mind that this RNS does not factor in the increase in PIRI share price during 2021
PIRI was 6.25p on 31/12/20. It also does not factor in current investments in PLUTO.
All in all a decent RNS in my opinion.
Hi Boom123
Sorry misread one of the dates on my notes, so just to correct this.
AQUAA reporting loss of 5.1 million euro from 23 July 2020 to 31 January 2021
(Thought it read 23 July 2021, my bad)
All the best