Saturday 23 June 2018 | ShareProphets: The one stop source for breaking news, expert analysis, and podcasts on fast-moving AIM and LSE listed shares
Tom Winnifrith Bearcast: the fraudster's best friend in journalism, Ben Harrington, does his master's bidding again
Transense Technologies – General Meeting approval for new equity… but just how long will the new funds last?
In December on LightwaveRF (LWRF) I noted that prior to a £5 million discounted fundraising it was cash crunch ahoy, though March-appointed CEO Andrew Pearson “look(s) forward to building a great company in the rapidly growing smart home market”. Less than two weeks ago Pearson talked of “real energy and excitement within the company as we work to leverage our market leading technology”. Now a Board Changes announcement…
Previously writing on LightwaveRF (LWRF) I noted, despite it stated on a £5 million discounted fundraising “the new funds will support further product development and bolster our sales and marketing activity, as we continue to scale up the business and strengthen our position as a leading player in the Smart Home market”, what about that it was seemingly cash crunch ahoy? The company has now announced results for its year ended 30th September 2017…
Writing less than two weeks ago on LightwaveRF (LWRF), my conclusion included the latest announcement has currently helped the shares back above 19p. However, this compares to more than 29p reached last month – the market also questioning cash crunch ahoy? And is this latest thus “fantastic to confirm” as it will aid a fundraising? There is now a “Proposed Placing to raise £5 Million & Open Offer” announcement – and the shares are currently down to 16.5p…
LightwaveRF (LWRF) has announced “its next generation Apple HomeKit certified product range, for controlling smart devices with iOS apps and Siri voice commands, is now available to purchase via the Apple Online Store”, with CEO Andrew Pearson stating this “fantastic to confirm”. I bet it is…
LightwaveRF (LWRF) commences a trading update for its year ended 30th September 2017 with that “the company anticipates that revenue will have more than doubled from the prior year (2016: £1.44m). Gross margin is also expected to have materially increased (2016: 32.5%)”. However, the shares have currently responded slightly lower to 23.5p…
An “Expanded UK Distribution Agreement” announcement from LightwaveRF (LWRF) – and the shares currently approaching 10% higher in response, to 28p. Let’s take a look…
LightwaveRF (LWRF) has announced what CEO Andrew Pearson emphasises as “a further exciting development” in that its “next generation Apple HomeKit certified product range, for controlling smart devices with iOS apps and Siri voice commands, will be released on 3 October 2017… will be on sale in Apple retail stores in the UK and the UAE, online via apple.com and at other selected retail outlets”. Ramptastic!...
LightwaveRF (LWRF) “is delighted to announce that its next generation Lightwave Link Plus has been certified under Apple's licensing scheme as a ‘Works with Apple HomeKit’ product”. Ooooh, Apple hey. Cue a further share price rise, but what’s actually happening here?...
Commenting yesterday on the “Launch of Google Assistant voice control” ramparoonie (Oops) RNS announcement from LightwaveRF (LWRF), I suggested it clearly currently remains cash burn ahoy, with results for the six months ended 31st March 2017 following today…
Shares in LightwaveRF (LWRF) are currently circa 65% higher on the day, above 25p, on the back of a “Launch of Google Assistant voice control”-entitled ramparoonie (Oops) RNS announcement...
I warned on shares in LightwaveRF (LWRF) last month following it being “pleased to announce” an uber-expensive loan (& trading warning). There have since been recent announcements of “Additional order from Megaman” and “Launch of Amazon Echo Alexa voice control” and the shares rising from little more than 13p to 21p. Thus, on cue, it’s discounted fundraising time…
LightwaveRF (LWRF), “enabling domestic and commercial users to remotely monitor and control light, heat, power and security by smartphone, tablet or PC… is pleased to announce that it has entered into an agreement with its principal shareholder, Committed Capital Financial Services Limited for a loan of £150,000”. Uh oh – sounds like ‘keep the lights on’ stuff…
As I pointed out yesterday, LightwaveRF is in a financial mess and forced to rely on loans of last resort. Actually it is worse than that. Interims out today strongly suggest that it is going to go bust.
I have picked up LightwaveRF (LWRF) before for the way that it mangles the English language in its statements. It makes Chris Oil look like John Le Carre. Back in July 2015 I took its language mangling as an intent to gloss over the grim reality and said it was a Red Flag The shares have duly collapsed from 38p to 15p and today it serves up another RNS which is misleading. It is bullshit.
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