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I bet he hedged his position though. This has been shorted for some time.
Clearly a lot of sells coming from our last placing in Nov at £3m. We've had quite a stream of good news which has been sold into each time resulting in us going nowhere for months. Still no offer on primary bid for private investors this last time which I would argue, would hold tighter and not flip for each quarters profit.
While no where near as bad as the 10p placing beforehand which slashed 50% off the share price at the time, the last placing is still hurting us moving forward. It's just a licence to print money for those "existing" shareholders who clearly have no interest in holding those placing shares. Any news and its trigger happy selling while private investors buy the news and then get stagnated.
Don't get me wrong, TEK are really improving their businesses and the Share price has done well since that 10p placing. However I do feel strongly the current money raising ways via the market is killing the companies potentail share price growth. I suspect that is why more crowd funding is being done as they see institutions are too sell trigger happy. I just wish existing small shareholders were included in these market raises as for the last few years, its done nothing but punish those faithful holders.
So what I am saying, is if we do need another raise (which to be fair, after LUCY floating, we may not). Please please, do it closer to actual NAV and include us.
Once these placing flippers are finally gone (can't be much left), we will rocket up on news like we used to before all the placing shares went into slippy fingers.
Yes TC, the team at Guident look very well placed in the industry. To be fair, it was a part of the reason I invested. Was very impressed with the track record of the Guident team and it just cry's out deals to come with Global car manufactures.
Guident still looking like it will be the biggest beast of a firm. That shock absorber tech is an absolute game changer for any company. Just one of the many patents held too. Potential to be a global firm without doubt. Licensing is the most profitable way with least input once its up and running too. High margins!
I think Lucyd has surprised us all. Personally I think the growth is only just beginning. Can you imagine the multiple NASDAQ may give LUCY if the audio social media side took off. Think of the data side of the business opening up, advertising too. Potential is massive. I follow with interest and a big chunk of my portfolio as i think there is four large businesses being birthed here.
@John, where are you getting the $20m IPO tag from? $20m was the pre money valuation for the crowdfund. A lot of news since then and a float on NASDAQ will not be the $20m pre money valuation of last years crowdfund.
Most shares have one thing they are waiting for/relying on for future growth. TEK have 4. Looking silly cheap here for the patient.
Current market cap £42m.
BELL = £20m or so.
LUCY IPO?? = $50m at a guess? Can't see it being just $20m myself.
More great news! That's some huge retailers there. IPO looking like it may be worth as much as all of TEK now..
The U.K. Market is highly undervalued in areas. Last years mergers showed a whole host of companies having offers way over their share price. For me this is London markets brokers and market makers fault. It is a huge risk to the nations economic power and future standing in the world of business to have our companies marked down so much. There should be laws in place that puts a minimum price based on assets etc. The fact there isn't leaves the markets open to all levels of criminality, corruption and loss to international players.
That must be the third or fourth RNS that has come recently post 7:00am. Looks like getting up in the morning for our BOD is a problem too. Kind of tells you a lot about there motivation... Fresh blood needed....
That was me Veteran, I think one success (BELL) is viewed as good, two is viewed as good and consistent and the market will take more notice. Get the third with salt then I can only imagine the share price and market sentiment by the time it came to Guident also. By that time, I imagine TEK would have some new ideas/investments ready for the next stage also. In my eyes its a great little investment firm and some of these businesses could turn out to be quite large. GLA
Veteran, Re Guident the TEK website and company reports etc best place at the mo i think. BOD has some serious track record which gives me a lot of confidence there.
Hi TC, hope you are well, Just working a bit more these days, markets much harder to play than a year or so a go. Was spending way to much time on them, when the markets turned and volume slowed I came back a bit and concentrated on my own businesses. Lockdown was a rare time in the markets!
Nav is way over 40p now, new start ups IPOing and news still to come with Salarius and Guident. Cheap as chips comes to mind. Market is always under with TEK. Soon enough that will change, it's in a period of proving and upgrading its credentials to the market.
Good luck TC. I went in here even deeper yesterday on the drop. Been here so long I want to see these 4 through. We are still basically buying one and getting one free at these prices. I think once Luycd floats, the market will start to take TEK a lot more seriously. That's two great successes and more to come. Just look at the team at Guident if you think its going slow there. Always going to take time but that is a severely destructive business that will grow at vastly high numbers once it launches.
London markets are terrible for protecting UK business. £16m in sales, given a £17m market cap. 1 x revenue !! That's so f**king cheap for selling a business its a p**s take. Is this a local cafe for sale or an actual PLC making profit? I'm half expecting to be taken over, If I had 17m I do it myself.
Repeating my post from last night, watch this to see the scale of the oil we are talking about here, this is what Shell did offshore for 650m barrels. COPL find is a safer bet onshore!!! Shell spent 7 years and 15 million man hours to build this. Engineering at its finest.
The Appomattox platform..
https://youtu.be/V2Ubd-ZEGeY
Just in case you are wondering what sort of find, 1.9m barrels is, Shell spent 7 years and 15 million man hours to build this for a field with 650m barrels.
The Appomattox platform..
https://youtu.be/V2Ubd-ZEGeY
Thinking like that can be dangerous. Hindsight is a rich mofo. I'd be a multi millionaire if i was on top of hindsight, start chasing things and its never as simple as hindsight makes it seem.