AKP - Audio Pixels Holdings

[System]

Audio Pixels Holdings Limited (AKP) was formerly known as Global Properties Limited (GPB).

Audio Pixels Holdings' focus is the development of a technological platform for reproducing sound for the production of speakers.

http://www.audiopixels.com.au

 

[Country Lad]

Relatively few shares on issue, and I had been slowly accumulating from the time they were still called Global Properties (GPB) until fortunately I had enough the end of last year because the shares are becoming increasingly difficult to buy without moving the price which someone certainly seems to have done today.

The latest update is interesting.

http://www.audiopixels.com.au/?LinkServID=AAE863FB-FEC6-C7E3-F9510FAF393BB363&showMeta=0

Their story to date makes for a good read.

Audio Pixels Limited

Audio Pixels Limited was founded in July 2006 has developed a revolutionary technological platform for reproducing sound, thus enabling the production of an entirely new generation of speakers that will exceed the performance specifications and design demands of the world’s top consumer electronics manufacturers.

The Company’s patented technologies employ entirely new techniques to generate sound waves directly from a digital audio stream using low cost micro-electromechanical structures (MEMS) rather than conventional loudspeaker elements. This innovation enables the production of speaker products that deliver performance that is many orders of magnitude better than conventional speaker technologies, all in an affordable package that is only one millimetre thick.

The Company’s MEMS-based Digital Sound Reconstruction platform enables the market for audio speakers to follow the evolution of the video display market from large, heavy analog tube based monitors to the digital flat panel displays of today. Driving the rationale for change in audio speakers is the ever-increasing demand for smaller, thinner, clearer sounding, more power-efficient speakers. Conventional speaker technologies remain deeply rooted in the original voice coil inventions of Alexander Graham Bell. The inherent limitations of such speakers prohibit the delivery of quality sound in smaller packages. Audio Pixels innovative patents in the fields of electromechanical structures, pressure generation, acoustic wave generation and control, signal processing, and packaging, combine to forever change this paradigm.

Market research overwhelmingly suggests that both manufacturers and consumers alike are starving for real innovation in audio speakers, in particular for good quality sound in a form factor that is far more compliant with current device and lifestyle trends. While the industry at large has been able to digitize and shrink all other device electronics, the last remaining barrier is the speaker, which remains large, heavy, bulky and extremely restrictive.

Upon achieving mass production capabilities the Company plans to sell and/or license its products to the manufacturers of speakers and consumer electronic devices worldwide, that collectively consume billions of speaker units annually. Audio Pixels will produce and sell a single type of silicon chip that can be used either as a standalone speaker or cascaded in any multiples of the same chip in order to achieve the desired performance specifications. This modular paradigm is entirely unique to the audio industry, which today expends significant resources designing and specifying new drivers, acoustic chambers and drive electronics for each new device. Audio Pixels’ innovative approach not only facilitates maximum flexibility to its customers, it further enables the customer to calibrate on the design and production on a singular product model, maximizing economies of scale, while limiting overhead associated with multiple versions of products.


Management of Audio Pixels maintains active exchange with industry leading companies spanning a broad cross section of the MEMS and consumer electronic industries. Audio Pixels has already demonstrated the technology to potential customers and strategic partners.

Cheers
Country Lad

 

[Huskar]

Just stumbled across AKP while looking through the consumer discretionary sector. Am I missing something Country Lad? How is it that what seems to have only been a ~US$3m purchase for an Israeli technology has turned this former real estate investment co into a $130m market cap technology stock? And it is somehow in the consumer durables & apparels sector.

I can see how the new digital speakers might be a really excellent technology. But then why did the former owners (who presumably developed the technology) sell out for so cheap? Or did the company just get a really really really good deal...

 

[Miner]

Just stumbled across AKP while looking through the consumer discretionary sector. Am I missing something Country Lad? How is it that what seems to have only been a ~US$3m purchase for an Israeli technology has turned this former real estate investment co into a $130m market cap technology stock? And it is somehow in the consumer durables & apparels sector.

I can see how the new digital speakers might be a really excellent technology. But then why did the former owners (who presumably developed the technology) sell out for so cheap? Or did the company just get a really really really good deal...

Hi
Nothing related to AKP but for the context as highlighted above : please consider one Mr Bhatia who sold hot mail for a mere $500 M (?) which would be definitely cheap.
Please look at many mines WMC (now owned by BHPB) sold to others which could be minting money for others.

Many a times the owners do not have the capacity to develop the business inspite of a rich potential. What they could do - show the potential to some one who has the money to exploit the development and owners become happy to have a little gain. Smart owners could construct a royalty on the sale (example Hancock did with Rio Tinto and just enjoying the booming profit) contract. I do not know if AKP original owners were farsighted to do that.

If I refer to Bose Technology which is owned and patented by AK Bose this digital speakers will make a huge competion. Unfortunately Sony does not have good grasp on digital speaker and for THEM it is good value. But for small players to market this patented technology requires a huge marketing power which probably current inventors do not have. The risk with this product IMO is it will be one more in the market and high gestation period before the return of capital will be in investors' pockets.
DNH

 

[mgm1a]

Hesking - i also wondered the same but more wondrous is not the price but how much has ended up with the Barts with no board seat to the vendors! Just like a Dragons Den result.!
I notice they now have updated website with details on technology.
Miner i agree - new technology could go anywhere (up, down, sideways!) for any length of time. What AKP has going for it is well credentialled director (I refer to Mrs Bart), patents, cash at bank, and Sony

 

[Country Lad]

Been a while since I bailed out of this one. i got a bit fed up with them not announcing anything except the bare minimum required and sold when the price started to drift down.

Nothing has changed as far as the announcements go so it is a guess how far down the track they are as far as commercialisation goes.

However, their hook-up with teleyne DALSA seems to indicate that they are getting close to making their gadget work. The price is starting to drift up again, so I have dipped a toe at the break of the funny looking double bottom and will again keep a close eye.

It is not for the faint hearted - they tell you nuthin' and very thinly traded.

Cheers
Country Lad

 

[Country Lad]

It is not for the faint hearted - they tell you nuthin' and very thinly traded.

They haven't exactly made an announcement but have published a video as a marketing exercise on Youtube and this tickled the share price somewhat. By doing this, I can assume only that they are on the way to making the gadget work.

A warning that the video is 135 meg.

Cheers
Country Lad

 

[Mango51]

May be time to look at AKP again. I bought in 3 years ago, price has now jumped to $9.20
Has to be some reason for this.

 

[pixel]

May be time to look at AKP again. I bought in 3 years ago, price has now jumped to $9.20
Has to be some reason for this.

Thanks for letting us know when it's too late. : A fine friend you are.

With a name like Pixel, I should've been a holder at least since March! Yet nobody told me!



Going on the Weekly chart, it's probably too late to join now; 200% of a 1-year trading range is often a reversal point; so I'll keep an eye out for a pullback - if and when and how deep.

 

[Mango51]

Thanks for letting us know when it's too late. : A fine friend you are.

With a name like Pixel, I should've been a holder at least since March! Yet nobody told me!

View attachment 59134

Going on the Weekly chart, it's probably too late to join now; 200% of a 1-year trading range is often a reversal point; so I'll keep an eye out for a pullback - if and when and how deep.

View attachment 59135

Sorry Pixel... If you read the information and watch the presentations about Audio Pixels then you may reach the same conclusion that I have, which is: if this chip actually works and does what they say it can do, then it is a game changer in the audio market. Protected by patents, Sony is involved in the R & D, the share price could be anywhere. I'm not a licensed financial advisor, just a believer in AKP. I've drunk the Kool Aid.

There are only 25.7 million shares, very tightly held. Four years ago they were as low as 20 cents. If this technology works, the market is staggering. There are 1.5 billion mobile phones sold each year alone, that's before you talk televisions, radios, stereos etc

If you read the chairman's report at the last AGM, he talks about a series of demonstrations of the chip - that's what we're all waiting for. If it works as planned, whoo hoo !!

If not, bugger, and you 'll definitely see a price reversal. For me, the risk/reward profile is what it's all about.

 

[Mango51]

Sorry Pixel... If you read the information and watch the presentations about Audio Pixels then you may reach the same conclusion that I have, which is: if this chip actually works and does what they say it can do, then it is a game changer in the audio market. Protected by patents, Sony is involved in the R & D, the share price could be anywhere. I'm not a licensed financial advisor, just a believer in AKP. I've drunk the Kool Aid.

There are only 25.7 million shares, very tightly held. Four years ago they were as low as 20 cents. If this technology works, the market is staggering. There are 1.5 billion mobile phones sold each year alone, that's before you talk televisions, radios, stereos etc

If you read the chairman's report at the last AGM, he talks about a series of demonstrations of the chip - that's what we're all waiting for. If it works as planned, whoo hoo !!

If not, bugger, and you 'll definitely see a price reversal. For me, the risk/reward profile is what it's all about.

Announcement today from Audio Pixels. The shares could be worth anything....suspect it is going to be a wild ride.

 

[pixel]

Announcement today from Audio Pixels. The shares could be worth anything....suspect it is going to be a wild ride.

well, I accept the risk and bought some.
If it breaks $10 and holds, I'll try to add; drop below previous resistance level ($8.70) and I'll stop out.

 

[Mango51]

AKP just hit $10.85
Whoo hooooo
Go you good thing !!!!

 

[SuperGlue]

Now $12.80 - up $2.68

Will they get a speeding ticket?

 

[pixel]

Now $12.80 - up $2.68

Will they get a speeding ticket?

unlikely - they released the Half-Year report after yesterday's Close: http://www.asx.com.au/asx/statistics/displayAnnouncement.do?display=pdf&idsId=01546499

That's been really well received.



I have to admit though: I'm feeding some of my shares back in at these levels. Simple Maths: Sell 80% at 25% profit, and the remaining 20% are free carried.

 

[skc]

I have to admit though: I'm feeding some of my shares back in at these levels. Simple Maths: Sell 80% at 25% profit, and the remaining 20% are free carried.

Welcome to the latest fad on the ASX. MEMS!!! :jump: :bananasmi

Code | Last | Market cap | Cash in hand | Revenue | R&D spend| NTA | Price/NTA |

BCP | 21c | $23.5m | $610k | $42k | $404k | 0.76c | 27x
AKP | $13.2 | $339m | $2m | $104k | $1.72m | 20.8c | 63x
PSY | 28c | $132m | $1.2m | $0 | $745k | 0.4c | 70x
SMN | 48.5c | $46m | $236k | $100k | $500k | 0.3c | 161x

Sometimes the market is like a little kid... tell it a semi-interesting story (with dragons and wizards and princesses, sprinkled with words like nano, cloud, potential, market application etc) and people will run head first into it. It's a combination of dreamer, greater fools and those smarties who feed on the greater fools.

P.S. Nothing wrong with trading and profiting from it... just don't plan to pass them onto your grand children

 

[Mango51]

Forget $10.85

AKP closed today at $13.25.

How high can it go ?

 

[Mango51]

Welcome to the latest fad on the ASX. MEMS!!! :jump: :bananasmi

Code | Last | Market cap | Cash in hand | Revenue | R&D spend| NTA | Price/NTA |

BCP | 21c | $23.5m | $610k | $42k | $404k | 0.76c | 27x
AKP | $13.2 | $339m | $2m | $104k | $1.72m | 20.8c | 63x
PSY | 28c | $132m | $1.2m | $0 | $745k | 0.4c | 70x
SMN | 48.5c | $46m | $236k | $100k | $500k | 0.3c | 161x

Sometimes the market is like a little kid... tell it a semi-interesting story (with dragons and wizards and princesses, sprinkled with words like nano, cloud, potential, market application etc) and people will run head first into it. It's a combination of dreamer, greater fools and those smarties who feed on the greater fools.

Edge, P.S. Nothing wrong with trading and profiting from it... just don't plan to pass them onto your grand children

Re.
I've held AKP for over 4 years, have a significant parcel, and I'm not selling any at this time. Wish I could afford to buy more, as the price could go anywhere. The IP is protected by patents, Sony are a partner, and to my knowledge there is nothing remotely similar out there. There are 1.5 billion mobile phones sold annually alone, before we even mention radios, televisions, stereos etc. Every one of these devices is a potential customer for a tiny chip that is technically superior, costs less and uses less power than existing speakers. If Apple sees value in paying $3 billion for Beats - just a headphones manufacturer - then what would Audio Pixels be worth ? This little black duck is sitting tight, waiting on future announcements.

 

[pixel]

Has anyone seen a "Reg_Halt" imposed before? I hadn't. It's probably quite a rare event, even for Brokers:
My Broker, who had followed my trades, took the time to email me with an explanation. Thanks Ginnie

Apparently, each stock has a calculated trading range for the day. If a trade breaks the limit, it can get cancelled under certain circumstances. That sounds okay to me ...

but ... if you know you want to break the limit, you can request a Reg_Halt to have the exchange reset the limit so you can trade higher….
Limits are usually based on opening price for the day and depending on the value of security, they have defined ranges they can move

PS skc: But hey! I trade the stock by the chart. Neither do I intend to marry it, nor do my grandkids need a bundle of Aussie shares - I hope they're well and truly on their way, scratching a living on their own, when I become late. I'm sure the crematorium people can do their job without assistance.

 

[McLovin]

The IP is protected by patents

What exactly does the IP cover? Call me cynical, but IP is a very complex legal area and it's a great way for a micro-cap to suck punters in (not saying this is you) by doing a big song and dance about patent protected technology that is only really tangentially related to the product they're promoting.

You mention Sony's involvement. Sony spent $5.7b on R&D last year, how much is it spending on this? Unless we're talking hundreds of millions, or even billions, of dollars then their involvement is really indicative of them thinking it's worth a punt, rather than being confirmation of the marketability of the technology.