Australian (ASX) Stock Market Forum

SAS - Sky and Space Company

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same old - same old:
Launch success, nano sats in orbit, all goes to plan, Market goes "Next!"

SAS 26-06-17.png
 
pixel said:
same old - same old:
Launch success, nano sats in orbit, all goes to plan, Market goes "Next!"
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Sell the launch...

There was a live feed of the launch which I decided to waste bandwidth on... and just before countdown they showed this promo doco on the Indian launch operation history. That was close to the most boring thing I've ever watched on the internet. It was so boring that you can't help but keep watching just to see if it is possible for it to be so boring for its entirety. And it was! The stock should be sold on that alone! (Actually I have no idea if SAS has anything to do with the live feed)...
 
Looks like I had a more interesting time ... a week in hospital, with an army of the cutest nurses to look after me and listen to an old chap's ramblings. :p
(Note to self: research Ramsay Healthcare. They're doing something right.)

But it's also good to be back home and able to rejoin the chatting, even though I'll have to take things easy for a while.
(Note to everybody: Stay away from Asbestos! It's literally breathtaking!)
 
pixel said:
Looks like I had a more interesting time ... a week in hospital, with an army of the cutest nurses to look after me and listen to an old chap's ramblings. :p
(Note to self: research Ramsay Healthcare. They're doing something right.)

But it's also good to be back home and able to rejoin the chatting, even though I'll have to take things easy for a while.
(Note to everybody: Stay away from Asbestos! It's literally breathtaking!)
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I think you should carefully assess the risk/reward in this situation! Take care.
 
Still watching this one.
It could, quite possibly, set up for another round of expectancy buying, based on the hope/hype that a successful operational test is likely to spark.

SAS pm 28-06-17.png


IMHO though, what is really needed for the price to lift-off is a substantial, multi-year, high-capacity contract, signed and guaranteeing serious revenue.
 
pixel said:
IMHO though, what is really needed for the price to lift-off is a substantial, multi-year, high-capacity contract, signed and guaranteeing serious revenue.
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That hasn't happened yet. Some may believe the ability to make phone calls and send emails around is a good start; but that must be a given, not a cause to brag about and hope people will pile in and drive the sp skywards.

Technically, it seems support has been found and proved to hold again. Therefore, another entry hereabouts could well be rewarded. And that is precisely what I've done.

SAS am 08-09-17.png
 
pixel said:
unchanged: "Disappointing performance"
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Sky and Space Global have been placed into a voluntary trading halt pending an announcement regarding a capital raising.

Their last half year report detailed revenue of $632 and a loss of around $5 million. As at 31 December 2017 they had about $4 million in cash. Unless revenue improves they will just continue to burn through cash until a further capital raising is required. SAS seems to represent an unacceptable risk at the moment and I would steer clear until they can prove that they are able to generate revenue that justifies their current cash burn rate.
 
Details of the capital raising announced.

SAS will raise $15 million through a $10 million share placement and a $5 million fully underwritten SPP. The share placement will be at 12c with 83,333,333 ordinary shares being issued. Under the terms of the share purchase plan, each eligible SAS shareholder will be able to subscribe for new ordinary shares in the company at the capital raising price of 12c per share, up to a maximum of $15,000 per shareholder.

At their current burn rate, I don't think this will be the last capital raising for SAS and I suspect that the share price will head lower and will probably go sub-10c in the next few months unless they announce something that gets the market excited.

Share price is down 2.5c (16.13%) to 13c so far today.
 
greggles said:
At their current burn rate, I don't think this will be the last capital raising for SAS and I suspect that the share price will head lower and will probably go sub-10c in the next few months unless they announce something that gets the market excited.
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SAS languishing at sub-10c as I predicted a couple of months ago. Currently trading at 9.2c and looking a little flaccid. A lot of punters over at HC bought into the hype with this one and there's a lot of ramping going on over there with the usual accusations of downramping hurled towards anyone who casts doubt on the company.

Don't get me wrong. I like the idea. Nanosatellites constellations gets my futuristic juices flowing. I'm just not yet convinced that SAS are going to be able to deliver the goods and generate enough revenue to overcome their high cash burn rate. In the last quarter alone they burnt through almost $3 million.

This one is touch and go IMO but I am happy to be proven wrong.
 
After a brief respite from its steady share price decline when it climbed from 9c back to 12c in a few brief trading sessions last week, SAS has now continued its previous downtrend. There is no news motivating this week's sell off, it just appears as though the buyers have dried up and the sellers have again taken control.

Currently trading at 8.8c and looking very weak.

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So_Cynical said:
Burning cash like a billionaire with Cancer...this puppy wont fly.
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It's looking pretty sick at the moment. Must be another capital raising on the cards soon. SAS just aren't kicking enough goals to convince the market that this is all going to result in a viable, profitable business down the track.

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greggles said:
It's looking pretty sick at the moment. Must be another capital raising on the cards soon. SAS just aren't kicking enough goals to convince the market that this is all going to result in a viable, profitable business down the track.

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Hi @greggles
Since your logo says I will be back so I am asking if you will be back on SAS since Aug 18 and what is your considered view :). They have hired some tech guys, entered into few MOU (though MOU are never contracts), did an investor presentation (hope not to another CR) and provided this interesting section announced on Dec 13 2018

https://www.asx.com.au/asxpdf/20190122/pdf/4420f040dwxg4q.pdf

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Miner said:
Hi @greggles
Since your logo says I will be back so I am asking if you will be back on SAS since Aug 18 and what is your considered view :). They have hired some tech guys, entered into few MOU (though MOU are never contracts), did an investor presentation (hope not to another CR) and provided this interesting section announced on Dec 13 2018
Click to expand...

My honest feelings about SAS is that all of the MOUs and Investor Presentations are window dressing to hold up the share price for the next capital raising, which should be announced soon. At the end of September 2018 they had cash of $5.519 million and expected capital outflow in the December quarter of $2.117 million. Unless there was a material change in SAS's circumstances, the company would have had roughly $3.4 million in cash at the start of this year. That means they will have to announce a capital raising before the end of the current quarter.

However, I would expect an announcement intended to boost the SAS share price just before the announcement of the capital raising, so the company can get it away at a better price.

I'll admit I haven't been paying close attention to SAS over the past six months, and that's because the share price has been range trading between 5c and 7c and hasn't shown any sign of breaking above that in spite of all the MOUs and Investor Presentations.

So generally I'm still very bearish on SAS.

big.chart-SAS.gif
 
greggles said:
My honest feelings about SAS is that all of the MOUs and Investor Presentations are window dressing to hold up the share price for the next capital raising, which should be announced soon. At the end of September 2018 they had cash of $5.519 million and expected capital outflow in the December quarter of $2.117 million. Unless there was a material change in SAS's circumstances, the company would have had roughly $3.4 million in cash at the start of this year. That means they will have to announce a capital raising before the end of the current quarter.

However, I would expect an announcement intended to boost the SAS share price just before the announcement of the capital raising, so the company can get it away at a better price.

I'll admit I haven't been paying close attention to SAS over the past six months, and that's because the share price has been range trading between 5c and 7c and hasn't shown any sign of breaking above that in spite of all the MOUs and Investor Presentations.

So generally I'm still very bearish on SAS.

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Thanks @greggles for keeping your promise : I will be back:)
Sounds good what you said. I also got suspicious on so many MOU - no care no responsibility. Pretty dodgy show.
 
Sky and Space Global in a voluntary suspension to enable the Company to finalise the details of a capital raising. I can't see this helping the share price at all.
 
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