focusIR May 2024 Investor Webinar: Blue Whale, Kavango, Taseko Mines & CQS Natural Resources. Catch up with the webinar here.
Thinking a bit more about short. Normally a short is opened because of perceived weakness of company. The professional shorter's are very patient and usually play the long game. What worried me was the low price the short was opened, suggesting the company was going bust. The market certainly does not favour ALM but even if it is worth half it's NPV, that is still about it's market cap. Had I missed something. That could still be the case. However, in this case I think as others have suggested the target is the vulnerability of the major shareholder, not ALM itself. Also, as TLW says there is no set date for release of annual results for 2018. What was to prevent them being released today! hence why the short was substantially closed Friday late, just in case. I am not expecting a brilliant set of results but am hoping for some future revenue numbers. All in my opinion, of course.
Thanks for your replies. That explains Friday's large buys after close. Definitely an attempt to subdue price, could well be for Aqua's point re NW. I certainly am a bit calmer as it appears the shorter is not expecting bad news in the yearly report due this week. If he had added Friday I would have been very concerned. If their tactic is to just subdue price in the hope of NW being a distressed seller then they may continue to add and sell as it appears they do not want to be holding anything much over 0.5% for too long.
https://shorttracker.co.uk/company/GB00BLRLH124/
I have a big holding here. Any ideas why this short opened and increased last week. Doesn't make sense given good news due.
2017 annual results presentation took place on 22/03/18. Expect 2018 results shortly.
Arris (through Ruckus Networks ) are an investor in FW. Arris has recently been bought by Commscope. CS are a direct competitor to FW for a spectrum controller system. I would assume FW are more advanced in all areas than CS, especially in esc rollout. CS will have to decide on whether to continue with their own system and pull ruckus out of partnership with FW or buy out FW?
Eddison - The shares trade at 0.41x H118 NAV (adjusted for latest net cash)" - when shares were 52p.
This gives a present NAV of £1.27. That is 70p above today's close!
Great news for HE360 - they are targeting 4 markets with initial market worth $2.4bn.
CBRS (Federated Wireless) is planned to start initial commercial deployment Q1. This may slip into Q2 due to US gov. shutdown. ICD lasts 1 to 3 months and then full commercial deployment. As far as I know Federated are the only spectrum controller supplier (cloud based) and due to the shared nature of CBRS, spectrum control is mandatory, each user being charged for actual usage by Federated. Multi £bn market.
If you go onto spin memory's website and click the products tab, you will see 2 products. The first a bespoke solution is already available. The second is probably the money maker and will be available in the near future, Hopefully Q2 to Q3. >$20bn market.
Posted on Federated Wireless website.
https://www.fiercewireless.com/wireless/federated-wireless-prepares-for-cbrs-deployments-25-customers
note "Federated Wireless and its ecosystem partners still need the final FCC approvals, which could take several more weeks for the ICD phase".
I can wait a few weeks for initial commercial deployment. Read the article, very encouraging.
https://www.businesswire.com/news/home/20190205005259/en/Abies-Ventures-Invests-Spin-Memory’s-52-Million
Further to my previous posts it appears Spin transfer technologies has only been renamed very recently, to Spin Memory. In my opinion, a process to a product getting ready for imminent commercial release as mentioned in November RNS
Table is slightly out of date. Spin Transfer Technologies is now called Spin Memory. This is the company I was referring to earlier that has a commercial agreement with Applied Materials and ARM to start producing MRAM in 2019. I note the £20bn market from the table.
from RNS dated 12th November ; Spin Memory - Applied commercial agreement
Under the commercial agreement with Applied, the parties will create a comprehensive embedded MRAM solution. The solution brings together Applied's industry-leading deposition and etch capabilities with Spin Memory's MRAM process IP.
Key elements of the offering include Applied innovations in PVD and etch process technology, Spin Memory's revolutionary Precessional Spin Current™ (PSC??) structure (also known as the Spin Polarizer), and industry leading perpendicular magnetic tunnel junction (pMTJ) technology from both companies. The solution is designed to allow customers to quickly bring up an embedded MRAM manufacturing module and start producing world-class MRAM-enabled products for both non-volatile (flash-like) and SRAM-replacement applications. Spin Memory intends to make the solution commercially available from 2019.
NOTE commercial solution in partnership with ARM to replace SRAM and DRAM with MRAM will be available from 2019 - does that mean beginning of 2019. Surely this will be massive?
Missed that bit, had to re-read. Seems odd tucked away at bottom. Usually headline. Explains 4 month tie in for new shares if company is to be sold.
https://en.wikipedia.org/wiki/Materiality_(auditing)
I know it's wiki. However shows 5-10% reduction of net profits.
Coltrane has £820m assets and 5 employees. Their exposure is twice that of the next shorter. The big firms only appear to have a token interest here. Coltrane may have been hoping for a domino effect from market fears that didn't come about, when they increased. They may know something the others don't? My opinion of course.
look at the 3 big buys today, £380k, £540k and £634k and the SP is down!
https://www.wired.com/story/future-of-facial-recognition-technology/
“The commissioning of the new Newport Foundry is progressing to plan, with the first five reactors now all on site and in various stages of acceptance testing, commissioning and qualification. The second five reactors are expected to be delivered on site commencing Q3 2018, with acceptance testing, commissioning and qualification during the rermainder of 2018 - AGM RNS 4th June
The Newport, UK foundry construction and fit out is proceeding well. Five reactors had been successfully installed by the end of H1 2018 and a further two have been delivered in August 2018, with three more scheduled for H2 to bring the total to ten reactors during H2 2018. Commissioning and qualifications are ongoing and initial production is expected to commence in the latter part of H2 2018 - RNS 29th August.
I know some will say so what but the point is they appear to be ahead of schedule with actual production starting this year.
I noticed the trading range was very tight yesterday. There is one company short with 0.6%. They appeared on short tracker with 0.5% at £1.07at the end of June, probably accumulating before that at a higher rate. Their last sell was 1st August. Are they expecting further falls, as would need volume to buy into. I am sure there are more short below 0.5% but not enough to affect price in a meaningful way. I have no doubt people are waiting to get in. Like some of you I bought recently from 88 to 82 (av. 85.6). Just needs some positive news to kick start buying. My opinion, of course.
No. 30%. Investco held nearly 18% recently but arrears reducing.