Member Info for Qd22

There is either an astonishing lack of communication, or an astonishing lack of ability to capitalise on what seems a gilt edged opportunity. What on earth is going on?

From Simon Thomsons' last: "Following upgrades, analysts at brokerage Stifel expect 2020 pre-tax profits to surge from $4.8m to $7.7m (£6.3m) on revenue of $155m and are pencilling in year-end net cash of $39m."

I wonder if they could exceed those expectations, and with a high share price I wonder what they would propose to do with the cash? Just skimming the RNSs the last acquisition was over 4 years ago so they do, but not often... The last one was the Hungary equipment manufacturer now probably producing the ventilators, so the choice of field was spot on.

Maybe Zvi a bit busy right now!

Thanks for this Citizenlane, it's not good news, but important.

PS Science Direct begins its article like this:

"Antibacterial Finish
Antibacterial finishes are generally not durable, and after a certain number of washings they are rendered ineffective (Gao and Cranston, 2008)."

Hence their emphasis on effectiveness after 10 washes. It may be the standard measure.

There is clearly a market for these already, and this comes in at 99.3%, probably top of the leader board by some way, if the Science Direct article is still valid. The question I suppose is cost/m2. Clearly IRPC think it's a goer.

Just working this out as I go along!

Agree very much re the long term potential against hospital acquired infections.

Plus I realised I didn't really understand the RNS except the general sense of it. If anyone is able to explain in detail "Organic conducting-based printing smart fabric " please do! 'Conducting-based printing'?

So, Mr Google. Was useful on 'antibacterial finishes' - see below on 'antimicrobial finishes' ie same thing:

"Objectives of Antimicrobial finish: Antimicrobial finish is done for making hygienic garments. To avoid cross infection by pathogenic micro organisms. To control the infection by microbes. To safeguard the textile products from staining, discoloration and quality deterioration."

NB the last sentence, 'To safeguard the textile products from staining, discoloration and quality deterioration'. This could become a must for quality garments: maintaining that brand new look, maintaining longevity, plus controlling odour. It may also be more comfortable as graphene wicks the heat away from the hotspots. Brilliant climate change clothing for the discerning - and rich - customer!

And imagine the potential for use in hospitals etc. [Meat packing plants? Filters?] I meant what I said about curtains. PPE.

And finally 99.3% efficacy after 10 washes: that would be incredible before ONE wash, let alone AFTER 10. It says it is virtually permanent????

Exciting. Talking myself into a top-up here....

“Both Francis and Marsden are optimistic about this trial and the promise of SNG001 in the earlier stages of Covid-19. However, Marsden is clear that the challenge of recruiting patients means, unlike with the in-hospital trial, this at-home trial is not going to be finished before the end of summer.“

Good stuff. But I am not sure that from the trial itself they will have any hints yet. It is a double-blind trial.

Hey, that's great!

20th June I asked: "PS If anyone knows a company breaking new ground in the arthritis field I will be very interested to know!"

Now this. I asked because for years I worked in a non-medical capacity in hospitals and saw just so much long term damage and debilitation due to asthma, arthritis, and in children eczema that I used to think if they just could take the research money going into cancer for 1 year and put it into those three what a gigantic difference it could make. You could put it that preventing death is one thing, but saving life is another. Also so vital.

Thanks Trek.

Incidentally all 3 may be autoimmune diseases - our area. Wow.

Could be exciting.

I was actually serious back there about the anti-smell T-shirts.

While the first stop is masks, and all other kinds of hospital fabrics (think CURTAINS), expensive clothing manufacturers/designers must be interested in fabric that absorbs sweat without getting rich. It's bacteria feeding on the sweat that make the smell, I believe (not viruses). Maybe there's a product already out there, but over 99.3% efficacy + the heat wicking properties are something that may command top dollar. And the market could be gigantic.

Solid money for a first purchase. Confidence. And after the other one of £44k, plus todays tip, it's been worth a top up for me. Last cash in the wife's ISA. In trouble if I get it wrong!

Almost at the top of the annual results commentary is this (bulleted list of 4 items):

"Next Generation Product Development:

- 10G and 25G Full Service Distributed Feedback (DFB) Lasers and 10G and 25G Avalanche Photodiodes (APDs) for high-speed datacoms and 5G fronthaul and backhaul
- Filters (based on IQE’s patented cREO technology) and Switches for 5G
- Photonics roadmap progress including strong results for Long Wavelength Vertical Cavity Surface Emitting Lasers (VCSELs) for future smartphone and LIDAR deployments
- Lasers and sensors for environmental and health monitoring"

2nd on the list you will note the cREO item. In Jan 2019 I posted this: "IQE bought the cREO technology and patents from Silex Systems in Australia, for US$5million last year, plus royalty payments (of I believe to be between 3 and 6% but as always DYOR, for everything). As far as I can tell Silex has revenue of just AUD525.7K. The SP appears to be .16, down from over 2 five years ago, and much higher before. Market Cap AUD 27.27M. They have not managed to commercialise their core asset, the SILEX laser-based uranium enrichment technology, for which they blame Fukushima and its aftermath in the nuclear power world. If they can stay afloat till cREO royalties come in from IQE - and they are sitting on the above US$5m in IQE shares - they could do very nicely indeed."

They have done very nicely, but not because of cREO. The core asset uranium enrichment laser technology is in a much better place, and they have just come out with another laser-based system: to produce zero spin silicon, which is "a key enabling material for the emerging silicon quantum computing industry".

They have government funding to take it further, and expect to be ready in 2022.

"ZS-Si is a unique form of isotopically enriched silicon required for the fabrication of next- generation processor chips which will power silicon-based quantum computers. Quantum computers are expected to be thousands of times more powerful than the most advanced of today’s conventional computers, opening new frontiers and opportunities in many industries, including medicine, artificial intelligence, cybersecurity and global financial systems."

So if our 5G filters and switches sell they will be getting significant income from IQE, plus if you want to be into renewable energy in the form of uranium tailings enrichment, or quantum computing when it comes.... Their revenue is still down at only £340k, according to Stockop*dia, so about 5% of what IQE sell in 5G filters and switches could still be very significant. With luck we'll get back what IQE pay out!

I'm not meaning to plug, but for me, all info is useful. It's already been great for me.

Apologies: I got it badly wrong. Thank you. I hate wrong info myself, it really annoys me, so I appreciate the correction. I was enjoying trying to be funny and lost concentration. !

I looked on Stockop*dia at the "Institutions" link which by memory I thought said 87.6%, actually checking today it was probably 83.6%, and didn't notice it was actually the 10 largest holders, so included a private investor who holds 9m shares. Otherwise it is all institutions: and apart from those on the website includes Fidelity, Strategic Equity Capital, Liontrust, and Otus Capital Management [report date Oct 18]. Don't quite know what to make of that, but would on balance trust the company's own info, and they do say the page was last updated 24th June.

I'm in MWE - Mti Wireless. Rivaldo has just today topped up and posted a good summary there of the case. He's always worth a listen, and understands the finance side very well. 5G antennas - of which they will need many. Icing on the cake for me there is the other side of the business: water irrigation and control. I believe that is going to become of the biggest worldwide problems, and if anyone has successful experience in it it is the Israelis. They are growing strongly in China with that, and China has enormous problems there (the whole of north China is drying out), see my posts on MWE.

Oh dear.

I doubled my holding at 21.9p in April. Now up 66% on that so looked at selling it to raise money for other things. Fatal: topped up again :(

Institutions have been buying this very heavily since March, now hold nearly 90%. It's in a fantastic area for this economic environment. According to the interims published in April (which seemed to me great):

"Total Contract Value ("TCV"), excluding renewals, signed was £7.5m (H1 FY2019: £6.1m; H2 FY2019: £5.2m), an increase of 44% against H2 FY2019" and post period end:

"TCV, excluding renewals, signed to date of £10.8m compared with £11.3m for the whole prior financial year"

That's £6.1m to £5.2m to £7.5m to £10.8m just for 3 months - period ended 31st Jan.

Now you tell me they're hiring. No ***** wonder! Poor things.

Of course I could just lose the entire gain from the last top up.... I'll blame you.

They might be takeover material, if there wasn’t so much competition.

"also the lung scarring that appears to be a part of Covid-19 will need investigating"

That's a good point. Worldwide there are going to be a great many confusing X-rays and CT scans showing a lot of lung damage. How to know that there's no cancer hidden in there? An easy blood test to rule out cancer may be incredibly useful. Thanks for that.

PS Anti-smell T shirts!

I suppose there's just a tiny market for them too... :)

From the RNS:

"The Thailand Textile Institute (THTI) has carried out tests on the coated fabric that show antibacterial finishes in excess of 99.3% on the textile material after 10 washes (AATCC TM100:2012, Staphylococcus aureus ATCC6538 and Escherichia Coli DMST 4212 ATCC 25922).

Following tests, an agreement has now been signed with IRPC to develop the functionalised graphene coated fabric for medical use and related applications. These include the development of a new washable functionalised graphene-enhanced fabric mask. The scope of the project will be to focus on the commercial production of fabric and further development will take place to assess additional fabric properties such as Virus Filtration Efficiency (VFE), UV Protection and EMC protection.

The global healthcare PPE industry has an approximate value of 17 - 19 billion USD (Source: Frost & Sullivan), with huge growth seen in the personal healthcare industry. The graphene coated fabric will provide an additional solution to this industry."

NB last sentence of middle paragraph [here] virus filtration efficiency is not yet assessed. It looks like they're going ahead anyway. While it's not hard I guess to assess the bacterial effect, assessing for virus is much harder, you can't just stick it on a petri dish and see what grows. The virus is also so much smaller that it will pass through a fabric much more easily. BUT they are going ahead anyway, which I'm guessing means they reckon the chances are that it is effective on viruses too, though perhaps in more limited contexts, such as multiple layers and a thick weave to increase contact. Even without viral effectiveness it would be incredibly useful in the medical world.

If they were to RNS a cash acquisition, unless it were manifestly stupid (which would be VERY surprising) what would happen to the share price?

Any thoughts on how the disaster at Wirecard affects Bango?

We are much more specialised, but still in the payments area. Are we too distant from them for it to be of relevance? Might we pick up some business fleeing Wirecard? Might we be tarred with the brush? We are in a very different league: Stocko****a has their revenue as £2.29b, and ours at £9.3m! Picking up just a little of that could be massive. And it looks like their problem has above all been a matter of fraud.

What do you think, people?