Member Info for skid35

Holders in silicom as well

https://www.heralduk.com/downloads/?fund=herald-investment-trust

Sergi, as above. Very few pure tech focused investment trusts in the UK, this is one of the largest with a good performance history.

Older,
At this level of micro cap it doesn't really exist. Either private shareholders with blogs or paid for broker research by the company.
Worth joining the investor day call I think.

Gian.
Unfortunately the market price shows a lack of trust in the kromek board which is completely warranted and deserved, the update contained no absolute £ numbers but just words such as "significant" which is completely open to interpretation. I want to see the p&l, balance sheets and notes to the accounts.
The cash raise wasnt really for expansion, but to cover exceptional financial and commercial mismanagement.
We are now at the point where the CEO needs to deliver or be sacked / given a cto role, he has had long enough to develop existing business streams to be cash generative whilst building others.
I keep saying this, still a holder due to incredible opportunities ahead, but wary based on the past on their ability to execute.

Aquae, my thoughts were not on selling per say, but OPTIs need for cash requiring a sale. The only reason could be acquiring ip?
Personally I would like them to hold and, when appropriate which may be a year or two, part distribute stbx c 50% to opti holders.

Herald have now issued their annual report with the disclosure of their full portfolio with ENET at £125k, so about 360k shares at year end.
As stated previously not a great amount in a portfolio of £1 b plus, but would be interesting to know the catalyst for the initial investment as I assume this would go through a standardised investment review, and whether they have added to their holding (may only know this next time next year).

For those with a few IT investments the annual report is a good read anyway, with good commentary and analysis leading to further investigation and follow up.

Aquae, after the last share sale I would assume opti have enough cash for on going means for the rest of the year, unless they want to acquire IP somewhere else ?
Would have thought they would sit on the shares, surely SOH is more aware of the general direction of the trials than the average shareholder ?

Marcal, we are massively over exposed here, as are you from a balanced portfolio persepctive. Key factor is to recognise this and accept the risk / reward inherent in owing a small, foreign owned, pre revenue aim company operating in a cut throat sector.
Like a few others I have sold down other good shares to buy ENET, it is hard looking at other stocks to see what you might sell. As the price has increased this year this also creates the (nice?) issue that ENET becomes a larger proportion of your total, therefore it is sometimes difficult to justify increasing even further.
ENET at 25m represents a ridiculous decimal placing as part of the UK stock market, and even more so for the investing world.

Tracy,
Over a period of time the trends and analytics on buys and sells are important.
The intra and inter day intricacies of prices are of no real interest, with the exception of stepping in for the occasional buy. 5g does make the market fuzzy in terms of trying to understand what they are doing, what they will do and if the end game is to still have a holding - looking forward to the day when their trading having no influence.

Marcal,
As bid says there will be weeks and months with no news, if you look at the rns most are share issue related with a smattering of real news. During these periods the price will rise and fall, when news hits it might take time for investors (including those on this board) as well as the wider market to understand the market potential. As I've said before don't worry about the day to day, this will trade within a range where you may be in profit / loss at different times.
What you say about snapping up shares is not right, this is very much under the radar and shareholders here are already very, very exposed to an extent that throws the rule of portfolio and diversification out of the window - even for a conservative qualified accountant such as myself.

Eugood, I have missed wooly as well.
As with all companies there are issues with opti, from my perspective primarily transparency and detail of reporting and investor communications, but his total focus on a couple of heads was not correct.
Looking forward to news through the year explaining progress and opportunity direct from opti.

“The CEO Nick used to run the accounts, has been with the company a long time“

This doesnt really explain the role of the CFO in a large listed company, the CFO should be the right hand person of the CEO and is deeply integrated within the management team in every aspect of strategy and operations.
However the characteristics and attributes of a CEO and CFO are completely different, in my view few CFOs have the ability to make this move especially late in their career.

Its not just the last two, RNS are always positive on building expectations, then disappoint on a complete lack of execution.
Expecting another ridiculous simon thompson write up shortly to pull in more potential shareholders.

Sheep, hopefully as we have been in the doldrums for some time - we do seem to have been completely disconnected from skin ?

Mesh, no problem.
Just disappointed to see the general upward share price go south today after what seemed to be a general re rating in the past 3-4 months. A fairly large holding at 1.81 (1.61 with dividends) so just looking to get back to breakeven before reassessing options

Fairview, yes - I'm assuming it doesn't create that much PR in the investment world as we haven't had much traction so far. I am not sure the market is valuing each individual element, Tarana (and the stamp of approval this gives the technology) has only really added less than 10m.
I have always wondered what the trigger would be for the snowball, I think this may come later than most think in 12-18 months near the end of 22 despite really good progress in the interim.

Mesh.
It really wasn't that difficult to see all your calculations made absolutely zero sense, perhaps not be as quick to be abusive in the future ?
Hopefully fcf will improve, worry is as always on accounting tricks on write offs / impairments of stuff they have paid well over the odds for.

Mesh, check your sums on the number of shares you have used in your calculations.

TL.
Thought I might guess what the price impact / market cap impact would be on each of these, not what I am valuing them but the market
1. DU, 15-20p, 7.5m - 10m
2. SEA deploy, 10-15p, 5m to 7.5m
3. OEM, 5p, 2m

"Sentiment has been rocked".
Cambridge, you should get a job as a headline writer for the Sunday sport, what a lot of drivel.

Harry,
The dividend here is uncovered and at current rates certainly not sustainable.
Should not be compared to the dismal interest from banks, it like a bank paying you 5% interest but your capital is then worth 95.25 pence from a quid. If you're after a div better look at Aviva / l&g.