CEO steps down Allied Minds Allied Minds has announced that Jill Smith is stepping down as president and CEO, with Mike Turner (general counsel) and Joe Pignato (CFO) stepping up to become co-CEOs in addition to their existing roles. This further reduces costs in line with the company’s narrower strategic scope. Otherwise, previously announced cost-reduction measures are proceeding as planned and the only portfolio update was to confirm that Allied Minds is hopeful of successful funding rounds at HawkEye 360 and Federated Wireless in the near term. The shares trade at a 12% discount to our estimate of FY18 NAV and, with clear milestones for the core assets in 2019, the investment thesis remains focused on the prospects for HawkEye 360, Federated Wireless and Spin Memory. Analysts Richard Williamson
RNS Number: 7305 B Allied Minds PLC 10 June 2019 This announcement replaces the' Holding in Company' announcement released on 10 June 2019 at 13:18 under RNS No 7066 B.. The initial announcement contained incorrect details within section 7.. The full amended text is shown below..
RNS Number: 7066 B Allied Minds PLC 10 June 2019 TR-1: S tandard form for notification of major holdings. This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom.
RNS Number: 6001 B Allied Minds PLC 10 June 2019 Directorate change and business update. Boston, MA- Allied Minds PLC today announces management changes to align the Company's organisation structure to reflect the recently revised strategy, which further reduces operating costs. In April 2019, Allied Minds announced its new strategy to focus on maximising...
RNS Number: 5588 B Allied Minds PLC 07 June 2019 TR-1: S tandard form for notification of major holdings. This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom.
RNS Number: 3700 A Allied Minds PLC 28 May 2019 TR-1: S tandard form for notification of major holdings. This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom.
RNS Number: 3226 Z Allied Minds PLC 16 May 2019 TR-1: S tandard form for notification of major holdings. This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom.
RNS Number: 2613 Z Allied Minds PLC 16 May 2019 TR-1: S tandard form for notification of major holdings. This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom.
RNS Number: 5004 Y Allied Minds PLC 09 May 2019 Allied Minds plc. BLOCK LISTING SIX MONTHLY RETURN. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom.
RNS Number: 5006 Y Allied Minds PLC 09 May 2019 Allied Minds plc. BLOCK LISTING SIX MONTHLY RETURN. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom.
RNS Number: 7267 X Allied Minds PLC 03 May 2019 Notice of Annual General Meeting. Boston, MA, 3 May 2019- Allied Minds plc, an IP commercialisation company focused on early stage company development within the technology and life science sectors, announces that it has published its Notice of 2019 Annual General Meeting. The 2019 Annual General Meeting will be held...
RNS Number: 5694 X Allied Minds PLC 30 April 2019 Notice of Annual Report. Boston, MA, 30 April 2019- Allied Minds plc, an IP commercialisation company focused on early stage company development within the technology and life science sectors, announces that it has published its Annual Report and Accounts for the year ended 31 December 2018. In compliance with...
Doubling down on the winners Allied Minds Following its latest strategic review, Allied Minds has further concentrated its strategy around its three most promising investments (Federated Wireless, Spin Memory and Hawkeye 360). Each expects an important value inflection point in 2019 and anticipates further funding rounds in 2019/20. New investment for the group is on indefinite hold and HQ cash costs are being cut by a further $1.5–2.5m to ensure the group can follow its initial investments. Our estimate of FY18 NAV falls by c 33% to $277m (assuming a write-down of the healthcare assets SciFluor and Precision Biopsy pending external funding) - no major surprise given the lack of positive news on funding. The shares still trade at a 28% discount to FY18 NAV and, with clear milestones for the core assets in 2019, we are hopeful that the long downgrade cycle may now be set to reverse. Analysts Richard Williamson
·Net cash and investments* of $97.7 million of which $50.6 million is held at the parent level.. ·Revenues of $5.6 million mainly from non-recurring engineering and service contracts, reflecting the early stage nature of our portfolio companies.. ·Net profit of $47.3 million, primarily reflects selling, general and administrative and research and development...
RNS Number: 8641 W Allied Minds PLC 24 April 2019 Notice of Full-Year Results. Boston, MA- Allied Minds plc will be publishing full-year results for the year ended 31 December 2018 on 26 April 2019. Based in Boston, Allied Minds supports its businesses with capital, management, expertise and shared services.
RNS Number: 8161 V Allied Minds PLC 10 April 2019. The auction call period has been extended in this security by 5 minutes. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom.
RNS Number: 3441 V Allied Minds PLC 05 April 2019. A second and final Price Monitoring Extension has been activated in this security. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom.
RNS Number: 3431 V Allied Minds PLC 05 April 2019. The auction call period has been extended in this security by 5 minutes. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom.
RNS Number: 5228 U Allied Minds PLC 29 March 2019 TR-1: S tandard form for notification of major holdings. This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom.
RNS Number: 7951 R Allied Minds PLC 04 March 2019 TR-1: S tandard form for notification of major holdings. This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom.
Allied Minds Plc
ALM.L
Allied Minds Plc
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  • SHARES IN ISSUE
    240.70M

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