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SBW - Shekel Brainweigh

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Shekel Brainweigh (ASX: SBW) Smart Shelves for Autonomous Retail Drive Casino Groupe New Automated Store in Paris

ASX-listed technology start-up Shekel Brainweigh (ASX: SBW) has played a key role in the launch of a Capsule store for Casino Groups Monoprix, in France.
finance.yahoo.com finance.yahoo.com

SYDNEY, Oct. 15, 2020 /PRNewswire/ -- ASX-listed technology start-up Shekel Brainweigh (ASX: SBW) has played a key role in the launch of a Capsule store for Casino Groups Monoprix, in France.

On the launch, Shekel Brainweigh Australia Manager Danny Nadri said: "It is exciting for Shekel Brainweigh that our AI-driven Product Aware smart shelves are driving this world first trial."

"Autonomous shopping and checkout experiences are the way of the future. We have experienced similar interest in Australia for autonomous shopping, and we look forward to introducing similar product trials in the future."
 
frugal.rock said:
The context. 3 announcements at 7:15pm obviously in some order.
Speeding ticket replied to.
Funding or balance sheet options discussed, (I read into it they have had a sophisticated offer, just a guess though)
Trading again Monday morning...
All very straight forward.:D
Cheers

View attachment 109055
Click to expand...
since the "flurry" of announcements in early September and a sharp jump, things have gone very quiet for SBW (and fanboy Verce). The ASX response letter drew reference to funding options ... dated 11 Sept:
Having regard to the Company's desire to seek to strengthen its balance sheet, the Company is currently evaluating a number of options to obtain funding. While discussions regarding potential funding options available to the Company are being considered by the Board, discussions in respect of the following matters have not been finalised:
• the amount of funding;
• the pricing of the funding;
• the precise form of any funding (eg. equity, debt or convertibles); and
• at what time any funding would be forthcoming (if at all), given that any potential funding would require agreeing to the commercial terms with, and identifying, potential investors,
Click to expand...
Since then, nothing, no news no progress. For a minnow $30mill MC debt laden cash bleeding outfit, this cannot be optimal.

Recent shareprice moves show the lack of interest: Three months, daily
1606171860400.png
 
Dona Ferentes said:
since the "flurry" of announcements in early September and a sharp jump, things have gone very quiet for SBW (and fanboy Verce). The ASX response letter drew reference to funding options ... dated 11 Sept:
Since then, nothing, no news no progress. For a minnow $30mill MC debt laden cash bleeding outfit, this cannot be optimal.

Recent shareprice moves show the lack of interest: Three months, daily
View attachment 115139
Click to expand...

You seem very agitated Dona. Sometimes patience is called for when it comes to investing in micro-caps. Anticipating some sort of capital restructure before the end of the year. Everything seems to be on track as far as I'm concerned.

I will provide further updates when we actually get more news to discuss. Until then, not much that hasn't already been discussed in detail! :)
 
verce said:
You seem very agitated Dona. Sometimes patience is called for when it comes to investing in micro-caps. Anticipating some sort of capital restructure before the end of the year. Everything seems to be on track as far as I'm concerned.

I will provide further updates when we actually get more news to discuss. Until then, not much that hasn't already been discussed in detail! :)
Click to expand...
Thanks for the "advice".
 
Well, given that it's a small market cap stock with some future potential, I've put on a small minimalist holding during this pull back.

Unless this thing turns into a major downtrend, I'll have to hold through volatility that usually comes with microcaps like these...

I did notice there is some chart support at around current levels:
1606233976033.png


Not sure how reliable technical patterns such as support and resistance are on microcaps, these illiquid stocks can turn on a dime from my experience :cautious: , so as always DYOR.
 
We really need a proper proof of concept - an implementation somewhere that actually works/makes someone else order more.

Once the snowball's in motion, then I'll buy.
 
COVID lockdowns around the world, especially in Germany have pretty much halted development in many small cap companies. Most businesses have only been allowed one or two people inside at a time. Research labs closed, logistics unable to be packed and shipped etc.
 
peter2 said:
COVID lockdowns around the world, especially in Germany have pretty much halted development in many small cap companies. Most businesses have only been allowed one or two people inside at a time. Research labs closed, logistics unable to be packed and shipped etc.
Click to expand...
But I thought this Israeli company was powering ahead even in the COVID environment... ?

So, as @Dona Ferentes pointed out, surprised to see no announcements for the last 3 months !
 
Covid lockdowns are preventing development throughout the world. Marketing departments have no new info to release. They're having difficulty producing any news because of the timeline uncertainty.

0501A.PNG
 
aus_trader said:
... surprised to see no announcements for the last 3 months !
Click to expand...
I must have tickled them into activity
the agreement based on the Memorandum of Understanding with UK software company, Edgify, as announced on 1 August 2019 , has been terminated.
(Non Market Sensitive)
Click to expand...

I read that Israel has already given vaccines to >10% of population, in a week.
 
Dona Ferentes said:
I must have tickled them into activity


I read that Israel has already given vaccines to >10% of population, in a week.
Click to expand...
I also read a news headline somewhere (can't remember source) that Israel is leading the vaccination of a country's citizens, globally speaking ?
 
aus_trader said:
But I thought this Israeli company was powering ahead even in the COVID environment... ?

So, as @Dona Ferentes pointed out, surprised to see no announcements for the last 3 months !
Click to expand...
Here's an announcement

Trading Halt announcement in relation to a material capital raising;

Going to be an ouch moment, I suspect.

(Sold a while ago)
 
  • Placement of A$2.1m to Sophisticated and Professional Investors at $0.16 per share with one attaching option per share exercisable at $0.32 for 12 months following issue for every two Shares issued
  • Placement price of A$0.16 per share represents a 19.8% discount to the 10 Day VWAP
  • Funds will be used for product development in the company’s Retail Innovation and Shekel Scales divisions, and advancing the Go To Market strategy of its autonomous micro store and micro market coolers
Bird in hand now valued (by sophisticates, no less) at 16c; brace for 32c?
 
Dona Ferentes said:
  • Placement of A$2.1m to Sophisticated and Professional Investors at $0.16 per share with one attaching option per share exercisable at $0.32 for 12 months following issue for every two Shares issued
  • Placement price of A$0.16 per share represents a 19.8% discount to the 10 Day VWAP
  • Funds will be used for product development in the company’s Retail Innovation and Shekel Scales divisions, and advancing the Go To Market strategy of its autonomous micro store and micro market coolers
Bird in hand now valued (by sophisticates, no less) at 16c; brace for 32c?
Click to expand...
I wander if this will put a temp floor at around 16c. It's almost there anyway, just 1c off from today's low !
 

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