Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
Currently Marshall Wace and JP Morgan have open positions >0.5%. Just checked the latest disclosures to the FCA - and Marshall Wace reduced their position ever so slightly on Monday 08/04 to 0.59% - very small reduction but moving in the right direction will be keeping an eye out for any further reductions in the coming days which may mean they think a bottom is in here ahead of the results
I suspect the deathly silence on FY2023 results isn't helping the share price here. No prelim announcement yet and nothing on when final results will be issued - given what happened last year surely they will want to avoid another delay?
Hi BlueRaphus - I read it that way as X330 being used on Nvidia's chips the first time around and got mildly excited! However having another read I think the article is referring to the Chip-on-wafer-on-substrate (CoWoS) technology being used in Nvidia chips - not the X330 which would be a discrete chip made/designed by Sapeon.
Link to that article
https://www.thelec.net/news/articleView.html?idxno=4787
59.6 billion South Korean Won deal apparently - think that's c$44m USD?
ALAB closed up another 20% today mkt cap $12.96bn and price/sales ratio 112x. AWE 2023 sales are expected to be >3x that of ALAB yet valuation languishes. Not saying should be valued at 112x but c10x would be reasonable given current and projected growth rates
This isn't just disparity, this is LSE disparity!
PS @BlueRaphus - you were right in your first estimation of valuation of ALAB - I think the share count is ~153m (going off my trading app), and as of yesterdays close it IS valued at over $9bn so currently on >80x price /sales ratio as you originally estimated....compared to AWE 4x p/s ratio - bonkers!
Absolutely BlueRaphus. ALAB Valuation is bonkers but seems market is going crazy for anything semiconductor/AI related at the moment. That said AWE trading at around 4x price/sales ratio seems like a huge disconnect to valuations across the pond - hopefully a re-rating will come given the prospects here but LSE generally is stuck in the doldrums.
ALAB SP soaring on debut - trading at ~$60 (+>65% from float price!) - as I write this!! Perhaps AWE should get a secondary listing on Nasdaq!
here's link to breaking news bulletin from Marketwatch
https://www.marketwatch.com/story/astera-labs-stock-soars-as-investors-cheer-the-debut-of-a-new-ai-chip-play-34443850?mod=home-page
Astera Labs plays into the artificial-intelligence craze through its work in chip connectivity. There’s been a proliferation of AI chips recently, but Astera Labs says customers won’t be able to get the most out of them without technology that helps AI chips connect and communicate with other aspects of a data center.
PS interviewer asks some probing questions around the audit debacle last year and the subsequent suspension of the shares from trading - interesting again to hear the CEO response to this and steps being taken to avoid this happening again.
Came across this interview with Tony Pialis, its from 2023 so not sure if posted on here previously - but interesting nonetheless especially to hear him talk about his growth ambitions for the company...
https://www.fabricatedknowledge.com/p/an-interview-with-tony-pialis-ceo
More info on Astera IPO due today...
Wall Street is about to get a new way to play the intersection between chips and artificial intelligence.
Astera Labs priced its initial public offering late Tuesday at $36 a share, well above its target range, which it boosted Monday from $27 to $30 to between $32 and $34 a share. With the company intending to offer 19.8 million shares, it will raise $712.8 million through the IPO. Shares are expected to start trading Wednesday on the Nasdaq under the ticker symbol “ALAB.”
The company sees big opportunity in chip connectivity, which could prove all the more essential in the AI era. Astera Labs acknowledges that AI chips are great at what they do but says they need to be able to connect and communicate with other things in the data center for maximum efficiency.
Astera Labs is due to IPO on Nasdaq this week (Weds) - be interesting to see how it does in the US I think a valuation of c$4m being suggested... if so makes Alphawave look cheap at current levels!
Semiconductor connectivity firm Astera Labs (ALAB), which is slated to go public on Wednesday, has boosted the size of its upcoming offering amid increased demand for all things artificial intelligence.
The company now expects to sell 19.8M shares between $32 and $34 each, up from a prior expectation of 17.8M shares between $27 and $30 apiece, the company said in a filing on Monday.
At the high-end of the range, Astera, who counts Intel (NASDAQ:INTC), Nvidia (NVDA) and AMD (AMD) as customers and Intel as a backer, would raise $673.2M.
Astera will trade on the Nasdaq under the ticker symbol "ALAB."
Reports emerged in October that Astera was looking to go public in 2024.
The company generated $115.8M in revenue in 2023, up from $79.9M in 2022. However, it still incurred a net loss last year at $26.3M, down from $58.3M in 2022.
Morgan Stanley (MS) and JP Morgan (JPM) are the lead underwriters for the IPO, with Barclays, Deutsche Bank, Evercore ISI and Jefferies among the other Wall Street firms listed on the filing.
Astera Labs announced in November 2022 that it raised $150M in a Series-D funding round led by Fidelity Management, which valued the company at $3.15B. Fidelity was joined by other existing investors, including Atreides Management, Intel Capital and Sutter Hill Ventures.
I really hope International Paper come in here with a bid. Would they really want to be pushed into no 2 spot globally after the recent Smurfit/Westrock merger?
Feels like a really opportunistic bid taking advantage of market conditions by Mondi (as they know the long term value here) with not much pushback from Smds on price.
Not sure SKG would be looking to digest another acquisition so soon after Westrock. I'm looking at International Paper as the biggest player in the market to hopefully make a move although there could be plenty of potential suitors as this market looks ripe for consolidation. GLA
https://www.elitecustomboxes.com/packaging-companies/