The HD6 has a much nicer and sleeker design than the older systems, which looked like they were cobbled together in a tin shed by some eccentric tinkerer. I think this actually matters a lot when marketing as a high-tech company.
The 3CT acquisition seems positive on numerous fronts. I congratulate management for (what appears) a sensible and intelligent purchase.
Spectur isn’t going to the USA anytime soon. That’s good news. Sanity prevails.
There was acknowledgement from the MD that the pipeline reporting is not very helpful in its current format. I'll take a small personal win there haha.
There are huge opportunities available to this company across several sectors. Nothing particularly new, but the business does have multiple tailwinds and an enormous runway.
Negatives:
I’d have preferred if our MD didn’t take a company-funded California holiday only to tell us that we’re not even close to being ready to expand into the USA.
Despite our “uniquely valuable technology”, there is no actual forecast for profitability.
Our MD argues that Spectur is “undervalued” and insist he is “very bullish”. I very much look forward to the Appendix 3Ys…
Apparently the MD has “a lot of [his] own personal savings tied up” in Spectur. Absolutely laughable. I repeat my earlier point that his ownership is equivalent to six weeks’ salary.
Attempting to cite Ben Graham, claiming an “owner’s mindset” and telling us the share price is “not a performance problem”. It’s genuinely disrespectful to speak to people this way. A shareholder who invested $10,000 on the day that Dyson became Managing Director has less than $1,800 left.
Oh, and the final, most important key point. I’m now quite certain they fully intend to raise capital in the next 12 months. Investors - speak up if you want to avoid that catastrophe.
SP3 Price at posting:
2.3¢ Sentiment: Hold Disclosure: Held
