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Likewise, sadly im out. Cant have a holding in my ISA delisted.
All the best everyone.
48.8m from me
Are things starting to come together and are we about to spring to life? Decent director buy and some proper numbers running through after close last night. Its been a while since anything like that.
Link let me in now, here’s the text (2hrs ago)
Interim results from Allied Minds (ALM:38.5p), a Boston-based intellectual property (IP) commercialisation company focused on investing in early-stage companies with disruptive technologies, highlight just why I suggested buying the shares, at 38.5p (‘Exploit Allied Minds’ huge margin of safety’, 30 July 2020).
The company is a classic Ben Graham recovery play, having fallen out of favour under previous management, but is now in the hands of a new board who are mandated to monetise the portfolio and return cash to shareholders. It has some exciting investments that have attracted the interest of heavyweight technology investors in recent funding rounds, too. However, this is not being priced in as $214m (68p a share) of investments held in six unlisted technology companies, and a further $29.2m (9.3p) of cash (adjusted for post period end follow-on investments), are worth double the current share price.
The largest investment is in Federal Wireless, a 42 per cent shareholding with a read-through valuation of $92m (29p) based on the last funding round in April (see below). Founded in 2012, Federated Wireless operates at the cutting edge of shared spectrum Citizens Broadband Radio System (CBRS) technology, which supports the explosive growth of wireless data. The company has already delivered the industry’s first 4G/5G private wireless solution, Connectivity-as-a-Service (CaaS), a low-cost subscription, high-performance secure private wireless network delivered from the cloud. 4G/5G secure private networks are a must to connect everything from robots, cameras, signage and machinery to virtual reality applications.
Federated Wireless’s cloud ecosystem now has more than 40 device manufacturers and computer edge partners, thus opening up access to a plethora of Internet of Things (IoT) and other applications. Earlier this year, the company announced a new CaaS offering that enables US enterprises to buy and deploy private 4G/5G networks with a single click through Amazon Web Services (AWS) and Microsoft Azure marketplaces.
In April 2020, Federated Wireless raised $13.7m in additional Series C funding to accelerate the expansion and adoption of its partnerships with Amazon and Microsoft. The proceeds will also enable expansion into the 6 GHz band for 5G services, thus providing a new path to 1,000 MHz of spectrum for private wireless networks.
It’s easy to see why Federated Wireless has attracted the backing of heavyweight investors including GIC, Singapore’s sovereign wealth fund, as it is building a significant recurring revenue base from its scalable cloud enterprise solution. All the signs point to a highly profitable realisation for Allied Minds in due course. It’s not the only one, either.
I dont subscribe but first couple of sentences for free:
https://www.investorschronicle.co.uk/comment/2020/10/19/technology-winners-with-a-huge-margin-of-safety/
I’d be interested to know from those that are being negative, what you were expecting today in the results? I don’t think I'm surprised or particularly disappointed, neither was I expecting a rally.
If its just the market / price (re)action then that was completely predictable. Happens daily across the market. Its been said many times on here before, this company isn’t in the business of churning big annual revenues, its all about NAV and you’re investing in a future liquidation of a particular asset. Plenty other companies out there if you want to trade in and out over a month or two, this one is a steady riser (allowing for global market collapses etc)
Nice work on the NAV dnwill
For those more up to date on the numbers, am I right in saying the market cap pretty much equals or is less than cash now?
People losing a lot of money across them all. awful. Good luck all
At long last!!
Quick one on IG, i know their platform seems slick but i have a very low opinion of them and ditched them a while ago. What really hacked me off (on the spreadbet side to be fair), was if you take an order pre-market to fill in the demo it normally goes through and you’re theoretically winning, but if you match it in the live real money account, like for like, it doesn't fill until you are well on the wrong side of their spread, whichever way you’re going and you lose. Doesn't surprise me to hear your money stays in a ‘process’ for a day, while i bet they are probably just leveraging against it. Just a bookies imo
Yup, just cleared with ii too
Nope, im on auto reinvest though so just expecting to see the shares appear.... hopefully
Just worth considering for those banking on riding a spike on Friday, there is a reasonable chance in my mind that the share won’t perform how you might hope on the day (i.e. disproportionate spike), don't get me wrong I don't think it’ll be a quiet day either, but if you are banking on the big holders to re-invest all the divi then you’re gambling and its a bit of a risky one. Remember, they are funds and CA for example will receive around 4m. He may push it back in, but its a big chunk of cash and his investors (and him) may be looking to diversify as thats a good holding in different share. At the moment ive talked myself into the markets holding an excessive amount of shares to satisfy demand as its a large divi, but if the demand doesn't hit what they anticipate then its going to get spikey...
Don't get me wrong, i hope everyone buys back 100% and sends us to the moon ... as long as my broker gets my re-investment done first! :) but I Dont see it at the moment.
I do think those of us who are long term holders will be pleased, those who are punting may be disappointed...
Hi, this started when link fund took over the holding from woodford (approx 22% from memory) They then notified their new position of 2.24% as you say. During the same period crystal amber acquired a large holding but not matching what link fund reduced by. So in short there is a gap and either the MM’s hold them or someone else has a big holding that hasn't been notified (yet). Would make sense the MM’s holding a decent chunk mind considering the ratio of the recent dividend to the company value, if a lot of people re-invest their divi then they will need to satisfy demand.
Seriously Nucky, you should sell your ALM holding. You:
1) Said it was a punt
2) Admit to doing no research
3) Have from the moment you started posting here been in the main negative about the share or seemingly intentionally obtuse in discussion.
For what it’s worth, my take on the article you have posted is clearly written for the end user in the US and not the business sector and written by someone who is perhaps skeptical of the tech reflecting a somewhat negative tone. Stripping away their emotion, i don't actually read anything that we didn't already know. Of course its going to take a few years to role out all the masts etc across the US, the ref to china and Romania is pretty irrelevant imo. Maybe there is a spin in the US where people expect seamless 5G from September when the new iPhone comes out and the article is attempting to align expectations. However... the technology and infrastructure which this article clears admits is required, needs starting to be rolled out in the near term to get to the point of seamless 5G. To do that, contracts need signing, money committing, infastructure bought and it’ll be a gradual growth across a period of time as it roles out, which will be proportional to the revenue from the service. Thats where we, fed wireless and allied are. The article admits that looking back in only 10yrs the comms landscape will be completely transformed and we will all be on 5G. 10yrs is no time to have a completed project the size of this and the spend to get there in this time frame will be huge. Once the first person gets 5G in there neighbourhood on their iphone within the next year, then everyone will want it.
If you are genuinely an investor and not a wannabe shorter trying to de-ramp, then suggest you save your money and not invest again until you have researched and understood a share.
We’re sitting at 51p in ‘old money’, im relaxed. Good assets, it’ll come good when its ready. Year full of news. Company failed again the formal notification, but we’re used to that.
An investors company, not really one for the “want to be super day trader” who really need to step back and stop losing money, that said a few nice swings in it if you see them if you are into that sort of thing and know what you’re doing (today for example from yesterdays lows)
Where is the RNS notifying the market of the important announcement by the FCC?
If we were a medical company this is equivalent to FDA approval for a medical device.
I hope it comes intra-day. Incidentally the underwhelming statement made by Federated Wireless is noted when the rest of the industry is buzzing on the announcement!
By far my largest holding too Scott, wish this news had followed the divi payout but I'm not complaining. Very exciting, ALM offers amazing exposure to the tech that you cant get anywhere near in any of the other members. May see a US interest tomorrow when they come online too...
That said, trying not to get too carried away with myself, the markets are crap at the moment but struggling to see how the lid can stay on with this news....
“ With this announcement, Spectrum Access System (SAS) administrators CommScope, Federated Wireless, Google and Sony are fully approved to operate commercial services in the band.” Superb
In fairness with the new guy they may get it right, lets see at 0700...