Australia's largest stock trading and investment forum Australia's #1 stock forum

KSS

0.00%

10.0¢ kleos space s.a

Come on, page-8

First 8 Last

Share
Profile

Follow
Source

490 Posts.

78

18/11/20

18:28

Post #: 48968331
Share

Originally posted by Lebba: ↑

I agree with you 100%.

Don't get me wrong, it would have been great to see this run post-launch and crack the $1 barrier, but I truly believe that management has a longer-term vision, and are setting up this company to be successful. Remember, they have the manufacture and launch of the 3rd cluster now covered through this CR.

I am currently a holder of SAS, and most of you may know that they went into administration, because they did not have enough capital to progress their business plan.
They launched their 1st 3 demonstrator satellites in 2017.
After launch, their share price reached an all-time high of approx. 30 cents (with about 1.8 B shares on issue). The company had a market cap of 300 M at that time (I am sure a lot of this was hype).

In hindsight, had they have done a capital raise post-launch, they could have minimised dilution significantly, and could have easily have raised the 200 M needed to build and launch their full constellation.

Instead, I strongly believe that the directors got greedy, thinking they could raise at a higher price. The remaining funds were not properly managed, deadlines were missed, investors lost confidence, and the share price went down. Then they were forced to raise when running on fumes, and consequently tried to raise capital (unsuccessfully) at an all time low price of 0.5 cents, adding further billions of shares on issue.

KSS has less than 150M shares on issue (if i recall), and are setting themselves up for a successful 2021. No doubt, they would have studied SAS, and learnt some lessons which they would not want to repeat.

Expand

Lebba hopefully you make back some of your SAS losses in KSS or even better a nice profit.

I think you make a valid point about valuations , hype , number of shares, etc but at the same time people prefer share prices only going up, which hasn't happened over the past two weeks. Who know where things will be in 2/4/6 weeks. The company now has to deliver on their business plan and deliver contracts and revenue.

KSS Price at posting: 63.5¢ Sentiment: Buy Disclosure: Held
2 Upvote

0 Great analysis

Reply

Top Stories

ITM

Fast-track assaying yields 182 g/t gold for iTech at new NT play

LLL

Leo Lithium announces major divestment of flagship Goulamina project to Ganfeng

Week 27 Wrap: "Election year" is here as UK Labour win contrasts France; Trump wins immunity & annual report season hushes ASX

Has uranium run out of steam? An update on nuclear markets & developments ahead in FY25

STN

Saturn’s stars have aligned for the gold explorer’s Apollo Project