Member Info for mattrs27

Twk.

Really...I thought you were better than that.

I'm not sure what world you come from, but working in high level engineering, running an international team and fronting to the customer as a programme manager for a £100 milion contract meant I earntb90k, plus bonus, plus car allowance plus all expenses. My working week was get on a plane Monday morning. Get off a plane Friday night. 3 countries visited usually throughout the working week. In engineering, this was pretty normal stuff. Remember this predates all the tech of t9day...if you wanted a face to face meeting...you had to be face to face! I had a pager and a Nokia phone which I still own, and black book with all my contacts in.

27k is minimum wage in the UK. To offer 30k for that job is ridiculous, and it sounds like it's bogus anyway.

Re salary...its a pretty intense position...you are basically running the show and ensuring the project happens. That's a lot of weight on minimum wage shoulders!

I was doing that job for an international company 25 years ago and earning double that.

Thx @thewakokid

I try to lead horses to water.

The commercial take out for me on the Sea Lord speach is the mention of contracts starting to be awarded early next year. Contracts for underwater marine sensors amongst other things. Elac Sonar produce these. They are part of the Cohort group. Ai mentioned for control of marine vessels etc, so obvious tie up for us there. Change in training approach mentioned for senior personell in the Navy, as I mentioned last night...most likely a reference to the JCAST programme by MASS and Hadean...MASS being a cohort business.

Commercial takeout from the NVIDIA event, Whitespace standing next to Hadean. Hopefully room for both to flourish, and feed off of each other.

For example, Defence Technologies (Remember, this incorporates both DH and WS), announced a second product which for me is way more interesting than the initial IXIAN project. IXIAN deals with information and dis-information processing. The secoind product, and I am unaware of any codename for this as of yet, deals with Edge AI on hardware. This has a fantatstic commercial potential for the extension of life in the field for existing hardware, as well as being a solution which can be embedded into new hardware, such as deployed sonar devices for tracking aggressor submarines for example.

Edge AI is not a new concept, we nearly all use it every day. But Edge AI that can work in operational environments in a non cloud based system that undertakes all the hard lifting of data interpretation from the field and can issue accurate and extensive intel within an air gapped structure, is very interesting and powerful. And is a big advantage on the battlefield. It is also scalable and can be used across an enormous amount of different hardware. That's a really exciting product.

The holder.

Great speech by the First Sea Lord. Thx for the post.

Blue boy. I just missed the banter.

Oh dear. I knew it was just too many words for Blue boy.

Never mind.

You're welcome.

Yes, obviously well established big hitters that we all know about. As I said at the start, none offer the same potential.

Although market cap of Cohort is far more favourable when you look at the number of shares issued.

DYOR

Thats as much as I could get in that box.

So, thats the bones of what I know.

I will just caveat everything I say with the obvious. Do Your Own Research. And feel free to tell me where I've gone wrong.

Whitespace I've not covered...but if I had, obviously they have synergistic (hopefully) partnerships with Google and NVIDIA, and a strong board of directors and contacts. They have raised capital, or are doing so and are on their way to developing a product they have demonstrated at various defence events. Whitespace is not a plc, but DH is. So you can invest in those, and I have.

Other companies and players do exist as well, but I'll let you lot tell me about them. (smiley face emoji)

Thx for confirmation...these are the higher figures I had seen also. So thats good news.

Competitors. And before anyone says anything, I'm not here to ramp anybody else..but I'll tell you what I know and what I own.

Hadean

Oxford Dynamics

Adarga

Whitespace

None of these businesses that I have looked at are in the same level of infancy as DH/Whitespace. So do not offer the same potential for explosive growth.

But these are the primary companies listed within the sme MOD starter incentive (I forget the terminology...you know what I mean).

Hadean partners with Palintir to supply Defence AI to the MOD. Check out their website for info. They announced in September that they have together been contracted to role out battle simulation and other ai based software across UK forces. Hadean is not a plc. Palintir is.

So...you can invest in Palintir (and I am ), but not Hadean.

However Hadean have other tie ups. They partner with a company called MASS, and together supply AI based JCAST training to the MOD amongst other things. This is training and simulation for Joint operations forces , disaster relief as well as combat. Its far reaching. MASS is part of the COHORT group. The COHORT group is an extensive group of businesses that supply multiple different systems to the MOD and are both successful and comprehensive.

COHORT is a plc and I am invested. Their q4 financials are due for release in 2 days.

HADEAN also partner with a company called Graphcore. Graphcore are an AI Semi conductor design and manufacture company in the UK, with a view to being fully "sovereign" for their Military AI. Graphcore are not a plc, but have recently been bought out by a Japanese bank called Softbank. Softbank are involved with Nvidia in various projects and are into their tech investment, and bring finance and growth potential to Graphcore. Softbank are a plc and you can invest. I have not done so yet.

Oxford Dynamics

Private AI startup. These guys are more similar to Whitespace in a lot of ways.Started in 2019/20, they have already received contracts for a few million from the MOD to develop various AI based software and robotic apploications. They are not a plc. However they have recently received a significant investment from BAE systems who look to bechampioning them for the creation of BAE systems AI software for the control of naval and other military assets that they produce. So thats quite a big leg up the food chain. S you cannot invest directly into Ox Dyn, but you can obviously in BAE. I am already invested in BAE.

Adaraga. These guys are much bigger players. They partner with Oracle, and I quote..

"Adarga, the leader in AI-driven information intelligence, has been awarded a significantly expanded AI contract by Defence Support, part of the UK Ministry of Defence (MOD)". Check out their website etc. They have a large foot in the door., and have secured contracts for £12m from the MOD eterprise Lite initiative back in January. Adarga is not a plc

Well Blueboy, this is true, although I was in before the pump today. sold at 1.42. back in at 1.33, but for less than my original stake, since I'm not ready to fully commit for all the reasons I noted.

Pessimistic or not, its all as far as I can deduce, facts. I dumbed it down and made it slightly fanciful in the presentation of the facts admittedly, but it was done to illustrate the point that we are not Space X!.

I cant say it any other way. and I'll gladly take fact based corrections to any of it. genuinely. But if you've been along here for a while, and sounds like you have, you'll know this, and more.

I've invested here, but I have also invested elsewhere, as much as possible into the listed competing companies, who obviously everyone here is also monitoring for their announcements of contracts etc, right? So, if a contract is awarded, I will know, and hopefully gain. Some contracts out of the framework have already been awarded over the Summer and into September. So I'm genuinely not even sure how much pie is left. The total framework was worth...and dont quote me, but I am sure I read £50m. Although another source I saw may have said more...please someone confirm. But anyway, a significant portion of that has already been attributed. Although even a small slice to show intent into DH would likely be enough to get us out of the weeds. Fingers crossed.

So, not pessimistic, just realistic.

I think expectations need to be managed.

Yes, I'm back in this again for my sins.

Talk of Space X, navy contracts etc.

The naval reference is a historic one...a press release from Whitespace a year or 2 ago. That there tech was being utilised by the navy. It read more it was a very small scale try out, and no financial evidence to suggest they were paid very much if anything for the privelege.

As I say, I'm invested again, I'll see it through. But you also need to take a look at the competition in play. WS are further behind numerous...as in at least 10 other major players both in tech and funding in "Sovereign AI". Indeed, other competitors are developing their own processors with british companies to be truly sovereign. I note also DH changed their strap line from the only sovereign ai defence plc provider, to "one of the only". Obviously if you are here, youre likely invested, and we are all here for the same reason. But a few boys and girls in an office in Belfast are not the UK's answer to Palantir or Space X!

And more to the point, those boys and girls are not who we are directly invested in.

For those who dont know, there is stated somewhere a 50/50 split on revenue between DH and WS. That is on defence content won by WS. I believe DH direct contracts will go to DH. But...DH still then need to employ WS to do the heavy lifting as DH is not much more than a marketting company with a book of contacts. That is what you are buying into. So also saying its undervalued and this and that....really? Its a shell. Thats it. its a well connected group of sales guys, who know how to raise a load of maney on the markets (WS itself was once a venture capital group...didnt work out), pitching WS tech (with a different name) to the MOD. Please tell me I'm wrong if I am.

I'm painting a moderately negative picture here for someone who's thrown his cash at it, but im just trying "keep it real". There's lots to be positive about, but thats all been covered in spades.

I've been observing and am now invested.

Are there warrants going through at the moment does anybody know?

Quite a quiet board on this company.

Which may be a good thing compared to others!

I wish you all well. Ive taken the financial loss.

All I would say is have a dig around. There are companies I have mentioned that have the ex defence secretary on the board, generals, admirals etc. Its not unique to DH. Its a bit jobs for the boys, and obviously they all come with their little black book which they hope will open doors. so much dilution as well, especially when you look at a company like the Cohort group, who are very established with a much lower share issue, and significant margin and turnover and strong link into the same market.

I'll be back in if she flys, and I genuinely hope it does. I want it to work and will keep a watching brief, but just too much downside and upside elsewhere for me now.

DYOR. GLA.

Company Agreement Type / Value Area of Capability Public Confirmation Source Date Published

Adarga Enterprise Agreement Lite – up to £12 million Defence-focused AI analysis platform; automated intelligence processing MoD press release / Adarga announcement Jan 2025

Hadean Enterprise Agreement Lite – up to £20 million Synthetic training environments; defence modelling & simulation MoD & Hadean announcement Jan 2025

Oxford Dynamics Enterprise Agreement Lite – approx. £2 million Generative-AI enabled data-analysis / decision-support tools Oxford Dynamics announcement Feb 2025

Whitespace Included in first wave of firms under the “Engine for Growth” / EA framework Innovation-management & collaboration platforms MoD / Whitespace announcement May 2025

The above is the makeup of the MOD SME Framework. This is effectively the competition to DH and Whitespace.

I would invite you to do your own research into these guys...look at their boards, their current engagement with the MOD, their contracts, he work they are already involved with and who they partner with, their funding, their size and as you can see above their already committed engagement with contracts.

Then consider execatly what DH are proposing to do wrt a complete stand alone, air gapped AI system for running the British Governments MOD concerns. That in essence is a total stand alone intelligent system which doesn't draw from the existing web or have input from it. it enables sensitive information like positionming and movements of assets, battle plans, defence positions, intelligence, scenarios etc put into it safely without there ever being fear of external access. But also must draw upon, somehow, information that is available publicly or in the digital world...a private chat gpt if you like. The scale and investment required to achieve this is enormous once you start looking at what the big players in private AI are already trying to achieve.

Then consider the award of a £1.5 billion investment by the MOD in September to Palintir for the develoipment of a similar system, look at the partners (some mentioned above) that are already actively engaged with supplying the MOD AI based scenario training courses and defence oriented AI which is being testedf and usefd right now. And then finally look at the extract above which lists Whitespace (not even DH) as a firm included for "engine for growth"

I then asked myself the question, as an MOD senior "Why would I look to award any form of contract for anything to these guys, when I already have all of this other capability in play, and they are 25 or so guys and girls in an office, currently trying to employ a project manager and short term contract programmer?"

imho, WS/DH...whoever have had a carrot dangled...sure the UK would like its own air gapped system...come back to us in 10 years and let us know how you're getting on.

Unfortunatley for me, on this basis I'm out. I may return at some point

Genuine best wish

That's also why we have to be aware of the comparisons people quote of sold vs bought figures...its not the number of trades but the value/volume that counts

T212 and Linkedin both down. Im not a tech guy...anybody got any answers?

@Strichen_Loon

Thx for info and advice. Look forward to hearing back from you. I'm same as you only in at 2.60 from the first ramp.

if you get any bad news, make sure you sell first before telling the rest of us. ;-)

Did i see posted somewhere that a buy trade for £1m went through?

If so,

Yesterday share is hammered down and pinned there.. Lots of people struggling to buy...no execution on several platforms.

No visibility of any trading activity. Just sp held low. Lots of panic selling.

Today, a massive buy goes in. Did it then clear, before the sp started rising again and buy's were executed?

£1m is abiout 3 percent (at the time ) of the entire market cap.

If so, is there any way of identifying who that was (fund or individual)

Plus 10pc out of the blocks

Did DH say they would have commercialisation in Decemeber? Or did they say they hoped to have commercialisation in December?