Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Very satisfying progress to break 30p. Well done all for holding.
Exciting period ahead, with significant milestones for all the portfolios in the not distant future.
Excited to hold, while Tek continue their transformational journey, from a microcap company to serious player in the next two years.
GLA
Good articles to raise the general awareness of low sodium alternatives and the associated health benefits.
Of course it is worth noting , that Salarius regard their product to be superior to these other low sodium substitutes in terms of taste. The substitute in the study contained 30% potassium chloride. It is the view of Salarius that potassium chloride impairs the taste (I believe the potassium chloride imparts a metallic after taste).
The salarius offering is 100% salt (no potassium chloride) and the smaller structure of the salarius salt crystals means the salt adheres/sticks better to the food (less salt dropping to the bottom of your bag of crisps for instance).
Marketing need to be shouting from the roof tops about the Salarius product
In relation to the regenerative shock absorbers, I appreciate the 5 miles quoted may not sound significant but actually I think the technology has stunning potential (as do TEK who know a lot more than me!).
The 5 miles of additional range was predicated upon 4 shocks while travelling at 60 miles an hour on a class A road.
The cumulative saving if you operate a (year round) fleet business would be significant, when you consider the fine margins in business models.
I believe the technology was designed with electric vehicles in mind , particularly as guident’s core business is electric AVs (focussing on fleets). But, the ever impressive Harald Braun, stated that regenerative shock absorbers can potentially be included in a combustion engine car (one would assume to to assist in powering lights, screens and the ever increasing range of passenger gadgets). So the technology has wide potential application .
The 5 miles additional range was based on 4 shocks on a class A road (class A roads being reasonably smooth I assume). I am no an expert in the technology , but I would envisage the increased vibration associated increased with going off road, would generate lots of shocks and a proportionally bigger increase in range…
Driving Chelsea tractors over speed humps in SW postcodes will probably generate some energy too :-)
My understanding, is that regenerative brakes increase range between 5-30% depending on the vehicle and the terrain . They generate minimal energy on the motorway where there is less braking . In this context 5 miles is significant. As the range of electric vehicles increases (over time), the number of vibrations will proportionately increase.
Interestingly , regenerative brakes are included in e-bikes and scooters (as well as cars). Perhaps the shock absorbers can also developed to be incorporated in these technologies.
The shock absorbers are award winning technology, being included in the R&D 100 awards for the most important innovations in 2020.
I would think, that there is a strong possibility that TEK will enhance the technology over time as we have seen with the other improved offerings (relating to the other portfolios).
I think it is important to note that the 5 extra miles equating to 4 shocks was exactly within the known specification , it does not represent any kind of failing (or disappointing development ). We know that major motor manufacturers have been sniffing around this technology, with this KNOWN specification.
In keeping with other green technological developments, It simply does not make sense for this energy to be lost when it can be captured by this pioneering technology. There is a possibility this technology could go main stream.
While we await the results of further testing (and while remembering the regenerative shock absorbers are not core business) I think we have every reason to be excited.
Keep up the good work TEK and GLA
A good set of results as expected .
Confusingly, Bell quoted as being at $10.8m at top of document , but if I am interpreting correctly, a valuation of $12.77m is used in the income statement (to represent the increase in the portfolio valuation). In any event , as TC mentioned well below $20m it is currently worth .
I think the big difference between this set of accounts and previous iterations , is that the successful floating of BELL, lends greater weight to the credibility of the methodology used for the valuation of the portfolios (which is understandably subjective given their immaturity ). Cliff said gleefully “was bell over valued ?” (In the accounts).
Agree with Sea, would be nice to see some sales figures for Lucyd and salarius ….though hopefully they are gearing up for big news.
And as always , any news on the regenerative shock absorbers would be exciting …..with guident core business to hit significant Mile stones this autumn.
I remain excited by this share
Good luck all
Interesting insight BB, thank you.
As was commented on this board (some time ago), Cliff's reaction to a question regarding exercising his share option at 50p was quite striking....Cliff seemed to respond in a manner that suggested he viewed it as a certainty.
Not a technical indicator but Cliff is much closer to the evolving developments than any of us and he is on the level (so I give it weight).
Great to see the market waking up to the value TEK have created through the underlying portfolios (been trading at a discount to NAV for a sustained period of time).
A significant RNS on Salarius (a major snack producer incorporating the ingredients or distribution deal) or Guident (regenerative shock absorbers) will send this rocketing.
The AV market Guident is operating in is huge. If Guident can exploit first-mover advantage the current SP will look like peanuts.
Lucyd has massively upped its game (with the light and noGiven your measured words TC, aw titanium frames)
The TEK business model is underpinned by a framework of collaboration with a large web of universities (and as the other portfolios demand less of TEK's time) the future will likely include some new portfolios. With Bell setting the tone of success this is still a journey in its infancy.
Given your considered words TC, I enjoyed your £1 nod. The potential is there!
Good morning,
Hopefully the big Salarius RNS is coming soon. There is seemingly an increased focus on salt, could prove very favourable to Salarius in the long run.
Don’t get too many links to this respected financial journal
https://www.thesun.co.uk/news/15460401/pm-salt-tax-brits-healthy/
GLA
Good luck with Bell TC, hope they do very well for you.
Not investing in Bell directly myself as happy with the 15% stake. But, can see the rationale for doing so.
Am expecting news from Salarius in relation to the 2 companies that requested the pricing (let hope interest snowballs from there).
And Guident are launching their first remote monitoring and control center (RMCC) for AVs in Florida later this year. That may not immediately translate to an increased SP but will be represent a significant mile stone in Guident's journey.
Plenty to look forward to.
GLA
A very good interview. Cliff exuded confidence and painted a compelling picture for investors:
The IP acquired and potential commercialization in diverse/growing markets is impressive; the depth of talent working in the portfolio companies is simply stunning; 2 of the 25 snack companies making active enquiries about pricing; 24 months to exit and (slightly shocked by that short time scale).
TEK represents a hugely exciting opportunity for investors. What other firms of comparable market cap are offering such a diversity of opportunity?
If you were looking for negative, I have reservations about TEK when it comes to posted profits:
(i) Salarius: I would suspect the revenue from Saltme brand is low (amazon sales) and the Mexican restaurant chain deal was small in nature
ii) Lucyd: look to have a great product (with the lighter frames - really upped their game with this offering) but early days in terms of serious sales numbers
iii) Small amount of income from consultancy fees.
Personally, I view the current lack of material revenue as just a reflection of portfolios that are still maturing. But, of course a risk element remains at this time.
Hopefully, the dealings with the snack companies will progress. That would be an exiting step.
Belluscura listing to come.
The explosive potential of Guident is waiting in the wings (talk of the shock absorbers has gone quiet - but it was not core).
What IP will TEK acquire next?
Exciting times ahead for the patient.
With full certainty (and not specific to TEK), I can tell you that a stock can always perform worse ;)
FDA Approval was a sizeable achievement, the valuation of belluscura will give us a true perspective of the progress made .
Apologies if he was not an analyst . I was interested to know his back ground , was hoping it would be on the link.
He didn’t make any outlandish claims about TEK. Just a bit of publicity . Can’t hurt to increase exposure .
They reconnected to the analyst. The format is a three minute pitch for why to invest. Rough summary of his pitch:
- Trading at roughly 50% to NAV
- Gave a very high level summary of the portfolio offerings (their large potential).
- Belluscura to float. The Times did a piece suggesting it could float for 50m. Possible return of funds to shareholders on exit (this was a strategy referenced by TEK in the past i.e. return to be made to shareholders on exit).
- The Analyst's 1-3 year SP forecast 22-25p.
- Hopeful there will not be a need for further dilution in the short term.
Audience questions:
- Q. Why the recent share price drop? Ans: The discount on the placing was too high.
- Q. Why have TEK excluded existing share holders from recent placings? Ans: This is unfavourable behaviour but TEK are a small company and hopefully no further dilution in the short term (with the funds acquired from sale of Belluscura).
Watching a webinar on stockopedia . Apparently three thousand logged on. My ears pricked up when an analyst came on to pitch “tek capital “.....
But , the analyst’s microphone is not working !!!!! Apparently they are going to attempt to reconnect to him later . I hope so !!!!!!!