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Thanks Barcap.
What on earth is a "Semi-Update" anyway?
Nothing surprises me with Alphawave anymore.
I assume its still KPMG
Who are the auditors anyway?
Unhooked,
Their accounts are probably as well run as their investor PR!
No wonder its chaos
Suspension, not the best outcome, but in real terms is only 8 working days, after taking into account two bank holidays and weekends.
I have sold half at 115.9238p this morning though.
I pity the auditors - trying to penetrate the impenetrable!
2 weeks is quite a long suspension.
The auditors must have been miles off completion at the required date.
Early days but market reaction is muted.
Increasingly regular occurrence - this must be the 3rd or 4th company I've heard of on AIM, who've temporarily suspended due to an audit delay.
Miserable.
It will be interesting to see how the market reacts.
Being locked out of selling for 2 weeks is not a good position
The brief suspension next week was the bad news which caused the sp to go down yesterday. The management of the company is indeed poor and disappointing
This company is a total joke.
The results haven't been fully audited in time and so they are forced to suspend their shares from 2nd May to 12th May as they are breaching LSE auditing timescales.
Unbelievable!
As I've said many times, these people can't be trusted
Cheers
Barcap
Staffchief,
You say "...... Tomorrows trading update is expected to be good...."
Where is the evidence for this remark?
Cheers
Barcap
Tomorrow (28/May) will see new trade update which is expected to be good but why is the sp down today? Any inside info to indicate a poor rns tomorrow?
Yes, the results could prove interesting.
Sales of smoke and mirrors has gone through the roof at their accounts office this week.
Lol.
Cheers
Take care everyone
Barcap
Their Total Addressable Market (the data shifting business) between AI, video being pushed to the cloud, 5G etc is huge, growing exponentially and I’d have though recession proof.
If they can make the cut a very rosy future awaits. Will they? They have a considerably stronger proposition now versus their IPO (though just over a quarter of the price).
It is time they started making a move. I’m looking forward to next Fridays results presentation.
The article goes into the opportunities, risks and potential upside for this stock. Link below, happy to discuss.
hakastocks.substack.com/p/alphawave-semi-a-data-center-play
Semi Interested,
Prior to the IPO, the directors all owned varying percentages of the company held as a number of shares. As is usual in IPOs, each director ‘sells’ a portion of their own shares as part of the IPO offering. You can see what each director gave away of their own shares on page 17 of the document in the link provided to you. In Sehat’s case you can see he had 96.3 million shares and gave away 17.4 million shares in the IPO to leave him with 78.9 million shares at that time.
The cash raised from those 17.4 million shares (£71.3 million) wasn’t paid to him personally. They formed part of the £856 million cash raised for the company’s IPO.
Whether you might want to think that the IPO overvalued the company is a separate matter of opinion, but let’s not forget that without that cash Alphawave wouldn’t have been able to make the three acquisitions they’ve since done to set the company up to take full advantage of the rapid growth in the semiconductor connectivity industry.
If you are trying to understand what this company is all about I would recommend you take the time to watch their recent Capital Markets Day presentation video. It’s over 3 hours long but very much worth the time to watch. It’s available to watch on their website which will link you to the London Stock Exchange website. Just register your name and email and the video will launch.
And to be clear, all the major shareholders and directors were locked-in for 12 months from the IPO date. Thus they could not sell shares for their own benefit during that period. Further, no director has sold any of their shares since the IPO to date. Sehat has bought considerably more since then.
If you have any further questions, I’m happy to try and help.
Regards.
@semi interested, that figure was from the admission document;
https://data.fca.org.uk/artefacts/NSM/Portal/NI-000025843/NI-000025843.pdf
All other public communications from the company can be found on the FCA national storage mechanism; https://data.fca.org.uk/#/nsm/nationalstoragemechanism
Look forward to the results as always, it's truly hilarious to read between the lines of a company like this.
I have to admire the audacity of the directors to sell shares on float to unsuspecting victims at 400p only to buy them back at sub 100p.
Incredible!
What next?!
Barcap
The Towers
Will it not be in historic Rns as director share purchases or sales?
Where can I find a full accounting of Sutardja's AWE trading history post-IPO?
A couple posts down, Shearclass mentioned: "Sutardja Family LLC' sold 17,442,100 shares in the IPO at £4.10 for a total of £71,512,610" just wondering where you found that info. Thanks in advance!
This director bought further 1.5m on wed and Thursday this week
Was that transaction of 4.6m shares at around 11:20 today a buy?