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That's not loose change Draft, tea leaves suggesting a few good weeks ahead, always cautiously optimistic
gmcc, had a lot of correspondence with them last year both verbal and written Star hardware and software integral to their model, good to see they are enacting the plan we discussed back then.
I spoke at length with Tamir of Contguard both in July and August 2017, open frank discussions about long term partnership with Starcom, and growth prospects. It was alluded to back then that they were significantly increasing orders for Tetis, Tamir discussed their longstanding and close working relationship some of the issues and opportunities that had come from the relationship. This from recent results statement sets out very clearly how this relationship has developed. "an existing, long-term partner of the Company has increased its Tetis unit order by over 400% during 2017 alone" Contguard now have offices in principal port cities on all continents.
as last year, all standard fare
Welcome...dont quote me on AIM rule 38 it's in there somewhere about notification within 15 days ..rather than getting hung up over a change of address .people would be better familiarizing themselves with the wording of the original collaboration agreement RNS, it's a IoT platform with KylosAir at its heart, no use having a tracking device without a platform for the data to be presented on. BOSCH are not going to just roll out tech city until they are satisfied that it is faultless and meets the standards and expectations of the target market. My advice is forget the UN, it's a nice to have nothing more...focus on what CropX are up to, look at the #SILKROAD, see who is sniffing about, beyond the gripes and groans a lot of good info has been posted on here by people who know STAR and the freight industry inside and out. Don't get me wrong I am furious about the latest dock up, took �19k around 3.5's day before the drop and know good folk who added equal amounts higher up but toys are in pram, we will in my view be back in the upper range sooner than most observers believe.
gmc, they moved end June, so as per AGM statement anticipated saving for fy would be 150k, every little helps..
I'm not...poor timing of RNS but under Aim Rule 38 they have to give immediate communication of change of registered address. Such notifications are not allowed to be dressed up or furnished with elaboration. Edward Hutton plays with a very straight bat and will not let STAR release RNS that depart from his struck interpretation of market regs. Under those regs and unlike the relocation in Tel Aviv they would not have been able to give advanced notification of intended move.... Time to move on if such technical matters cause such concerns, yes the accounting debacle was tbh a horrendous oversight on behalf of the bod and no explanation can gloss over what it indeed was but to me and many others that I old news.
yrabsmurruc way back in September or round about then post H1 I posted some thoughts that I felt a loss of $500k or there about would be a fair place to be at the end of 2017, that was based on calculation of 2016 revs against a backdrop of improved margins and smaller write down. What I couldn't account for was exchange rate costs etc which were cited today as the big ticket items leading to such a gross miscalculation of the business state. Today was a shock but I have met Michael and Avi and they are both sincere and deeply committed to unlocking the potential and they have undoubtedly made major progress this year. I see near breakeven H1 as a possibility and it is that milestone I think they should be aiming for, full year small profit will do me, in making this judgment I exclude UN and Bosch and base it solely on existing contract revs which should see us north of 6mil perhaps pushing 7 add the un and Bosch then who knows, on top of that there are of course many other order pipelines, ATM, Electric MB's Tetis, Kylos etc, so much 'potential' just got to unlock it
And expensive production costs both tied into economies of scale we discussed this at last years AGM, essentially historic low order size attracted high production costs, indeed this was still relevant in H1 2017 and is borne out in the figures. Through H2 order sizes have increased and will continue to do so, which will reduce unit costs and boost margins. Perhaps the Achilles heal in our tech is that it is still often tailored to a specific clients needs so we cant simply stock a shed load of Helios, conversely this is also our USP. As new products come on stream with updated boards such as CANBUS in Helios and communication modules then this specific client tailoring becomes less of an issue. My opinion is that Star are 6 months behind where I had hoped them to be right now so more work to do and more patience required
Ok lets get the basics right, unless I am mistaken ascending means up...and descending means down... Exchange rates, like investments go up and down...the Shekel has strengthened against the dollar by approx 5% throughout 2017 and as much as 10% against the pound, so...if Starcom buy $100 of parts and the exchange rate increases by 5% they then need to account for this, it transpires they have not, whether this misjudgement relates to H1, H2 or FY will be revealed soon. Share based payments as per RNS relates to payment of suppliers in shares, the accounting discrepancy is the difference I nominal vale of said shares against prevailing market value, bod also converted 100k loan into shares. Its not difficult folks to have a stab in dark about this, will share price go up this week, who knows but the facts are 2017 was significantly better than 2016, they are working with Bosch, they are working on the trans Siberian line and existing contract values to be booked this year are in the region of $7mil before any new contract wins. Conjecture accounts for nothing stick to material facts and you'll sleep better, worry less and be happy to sit back and ignore the noise.
Had worse with Star too, fundamentals remain as sound as they were 24 hrs ago, just gotta batton down the hatches until post results, only after those will the recovery start in earnest IMO....this is ground hog day for some the difference this time is that the 2017 trading statement warned of revs below guidance, significant loss and a slow start to 2017 trading, , today's has reaffirmed increased revs, improved margins and a strong start to 2018....See disconnect same treatment totally different circumstances, drop massively overdone but markets punish financial uncertainty and today's release unfortunately casts doubt over the strength of the recovery, I have every confidence that they have turned the corner and that this year will be stellar but today was not a good day.
at all, deeply disappointed but as long as they get these things sorted and deliver these orders then original targets quoted by others are still achievable over coming months, got an order in lets see if it gets filled...
Some people obviously don't know star, more ups and downs than a *****'s draws, 12% is f'all by comparison of the last few years when we thought 700k was a high volume day...All eyes on Berlin...
Is it just me being thick or am I missing something I don't see anything to suggest a fund raise is on the cards
�30k buy and 21k sell from yesterday,
21 Feb 2018 Purchase 135,086 3.48p 21 Feb 2018 Purchase 76,842 3.51p 21 Feb 2018 Purchase 278,951 3.48p
Most certainly not, took 490k on the drop at 3.48-3.50 in 3 tranches
Based on Net asset value and 'potential' absurdly so, MOU provides the formula to unlock the value both of current assets and future acquisitions, the latter the near-term value catalysts
Up until the MOU with Possehl they have only ever had shirt buttons to negotiate with, the MOU should provide them with the vehicle to deliver something tangible, time as ever will be the jury..but having held these back in 2013/14 and looking at the little progress since they 2018 and the MOU provides them with the best shot they have at turning this around, perhaps just a rose tinted view because I don't bare the scars but maybe just maybe RC will deliver something tangible
Evening Dave, yup holding long, wide spread thin ask... says it all..