Carefully Does It
18 Nov 2015
How fast Depending on how fast they cut costs and the costs of the cuts they might have to raise some more cash.I do hold. My view is how I really see it and not to influence anyone to buy or sell.I very much hope they can get this company stable and cash generative with reduced debt - quickly.An innovative UK company that needs a lucky break or 2.
Carefully Does It
18 Nov 2015
Re: Disgruntled >3% holder account for 64% of the total shares.Not much of a market to sell into without the price cratering as per yesteday.That is one of the traps of a low float illiquid small cap.Brilliant when in demand but a bummer to exit if it turns sour.Yesterday was one or more having re-appraised and deciding to take the hit. Hope it wasn't Kestrel. Interesting to know where there shares ended up going.All will be become clearer when we get some RNS or 2.As it stands debt > cash, loss for the year and not just a cancellation but deferral, delays and conversion to cash a problem. The downsizing will cost as exceptional so what ever they do they will use more cash. Not all of the banked cash is unallocated and losses not yet stemmed and still something like £5M debt.The new market approach will involve higher margings to re-sellers but at reduced fixeed cost to UBI. Take your pick.What they say to me is they over-sized, became a bit meglomanical, took their eye off the prize - PROFITABLE GROWTH - and didn't sufficiently spread their risk across custmers and segments and became too concentrated on VW/Germany.The Hyundai news is good but looks like a re-hash as they already had Hyundai-Kia as a customer and the fact they stress it as validation of their new "go to market" strategy suggests someone has questioned that strategy and may then have decided to sell. All a bit too coincidental?That list of mistakes is enough to annoy any half decent money manager.
starastar77
18 Nov 2015
Re: Disgruntled Not denying the gravity of the situation but it would seem that actual traded volumes are very thin? Most seem to be sitting tight.
Carefully Does It
18 Nov 2015
Confidence Below is just my take and opinion. Others will disagree.It does look like the BoD may have lost the confidence of major shareholder(s).It's like a "we've had enough of BS" sort of a sell at a decent % loss, no looking back, no second or third chances. Were major shareholder spun a line that has since been proven incorrect?What has been said to cause that to happen?If it's down to performance it's understandable shareholders get nervous but those big trades look like it's not just recent underperformance but a complete loss of confidence in the BoD to make this a cash generative business.Recovering that confidence will be no small feat. Ir could end up with a long time in the wilderness unless they pull something out of the hat. Even then it needs to double get back towards £1.
Carefully Does It
17 Nov 2015
Is Hyundai old news recycled Didn't they already win Hyundai-Kia? 2012/3?So what's so special about it now and why no monetary value on the news?
Carefully Does It
17 Nov 2015
Disgruntled Someone is seriously miffed.Wake up UBI.Quickly.What a mess with management looking very silly indeed. To lose that much support, so quickly, at what must be a loss. The holder has probably been approached about further funding, perhaps, and has run away screaming.Will any head roll, doubt it?
Carefully Does It
15 Nov 2015
Future What odds they are independent 2 years from now?Once costs are cut and the operations tarted up it could just be right to sell on for a bigger parent to use the tax losses and manage it.It would be a quicker exit for all outside of taking many more years at a second attempt to build it up profitably.
Carefully Does It
14 Nov 2015
Re: 0.3% of share total traded, down 16.... The world of manufacturing will need this level of Geo Spatial accuracy and the s/w.It is good product with demand but perhaps the constant BS about UBI set to rockest (Sept 2014) and 'the next $Bn Cambrudge company' has mislead a few and is indicative of management meglomania.Good management squashes such talk and just gets on with delivering.These haven't delivered and appear less market segment divers/spread than they should be to offer steady performance. Too much concentration.Cut the BS and aim to clear debt and stabilise the ship.
starastar77
14 Nov 2015
Re: 0.3% of share total traded, down 16.5% Yeah, I suppose that's what I'm getting at. I'm not fussed about Net Worth - as pointed out, that's intangibles. But the company has recurring revenues (£4m+ at last interims?) and is embedded in a lot of factories around the world. They aren't going to stop using it. And the indirect route to market is the most cost-effective approach, taking advantage of other people's sales teams.But I guess sentiment is clearly at rock bottom as the market has been led a merry dance over the last years. If investors don't understand it or would rather trade social media stocks then I guess that's the world we live in!
Carefully Does It
13 Nov 2015
0.3% of share total traded, down 16.5% 13/11, 0.3% of equity traded and 16.5% fall.Interesting to see where any botton lies.
Carefully Does It
13 Nov 2015
Re: MC of £17m at bid price of 47p Rodney, it has problems, but might you be a contrary indicator?I mean, buying on the back of a Daily Mail tip?It will be at p/s <1 with Geo Spatial being a big future market given the move to autonomus robots in the built industrial environment.At last they are forced to address the cost baee and the big holders haven't dumped it yet. Price fall has not been on high value of sales relatively speaking.The leadership has obviously been lacking commercial quality, and probably more in love with their own technical cleverness than they should be, but reality bites and change for the better happens.It's nearing buy time in my book.Forget the Daily Mail, it's for aged Sun readers.They must tackle debt however.
starastar77
13 Nov 2015
MC of £17m at bid price of 47p This now has a market cap of £17m (at a bid price of 47p). That is relatively low for a quality technology despite the obvious recent disappointments.
Carefully Does It
13 Nov 2015
Re: market opinion Ouch - obvious confidence in the management is lacking.Market not happy.What a shame.
Carefully Does It
12 Nov 2015
market opinion Price says it all really.Lets hope HSBC stay on side.Very disappointing. With drive to increase efficiencies in manufacturing I would have thought even hard times for the Germans would have meant they would spend on UBI kit to maintain margins.It looks like VW have paniced and the whole lot as turned to dust.Diversification is the order of the day.The market has voted with their shares.
Carefully Does It
12 Oct 2015
Momentum? Scale? I very much hope they don't go over the top on the headcount. Previously there was always a hint their measure of success was headcount, not shareholder return. Now it's momentum and scale but it means nothing without value appreciation shown through the share price. All else, unless a charity, is a waste of time."momentum beginning to build""the opportunity to significantly scale the business through our partner channels continues to gain traction."Richard Green, CEO of Ubisense, commented: "Peter's appointment comes at an exciting juncture for the business, with momentum beginning to build through the growing adoption of our technology by some of the world's leading automotive manufacturers and utility and telecoms operators. His wealth of experience will prove invaluable, as the opportunity to significantly scale the business through our partner channels continues to gain traction."
