Australian (ASX) Stock Market Forum

SBW - Shekel Brainweigh

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A recent article I noted in international news in the last 24 hours, which shows the global trend is shifting in favour of self-checkout and frictionless shopping.

https://www.grocerydive.com/news/amazon-opens-second-go-grocery-store/584886/

Amazon opens second Go Grocery store

Go Grocery’s cashierless Just Walk Out technology relies on a combination of computer-vision cameras, shelf sensors and machine-learning algorithms to monitor shoppers and determine their purchases. The onsite Hub Locker+ in Redmond also offers a contactless experience for shoppers — a significant asset during the novel coronavirus pandemic.
 
I think 4 more days of suspense is going to age me horribly. Sounds like a capital raise though. But at what cost? Why do they need almost a week to organise it?
 
I suspect the investors are turning the screws on them. I would be.
 
Why do I get the impression he has a fair bit of skin in this? :D

Deals like this take time man. Anyone handing over a big sum of money is going to want a whole tone of conditions, caveats etc etc, all of which need to be thrashed out.
 


Looks like SBW did a pitch to Latin America on September 9 2020.

• Brazil • Chile • Mexico • Colombia • Peru

Their three main technology pillars, including patented ultra-thin high precision load sensors, can distinguish between Coke, Pepsi and Fanta - even if they are the same 1.5 litre bottle in volume.

FABAEE75-CBD9-4000-90D5-9130DDAA1F44.png
 
This chap got hired recently as Chair of the Board and CEO...

Biography of Arik Shor
Mr Shor is an experienced senior executive with a successful track record of increasing revenue, profit and business growth objectives within large and complex growing organisations.
Mr Shor has extensive experience
with highly intricate operations and logistics systems.
Mr Shor is an independent Director at Paz Oil Company Ltd, which is a publicly listed company on the Tel-Aviv stock exchange.
Mr Shor is also Chairman of the Board of Tadbik, a global leader in packaging solutions and
Afimilk, a global leader in developing, manufacturing and marketing advanced computerised systems for the modern dairy farm and herd management.
From 2009 to 2016 Mr Shor served as Chief Executive Officer of Tnuva Group, which is the largest food
conglomerate in Israel. Prior to this Mr Shor was the Chief Executive Officer of Holga Kimberly (a subsidiary of
Kimberly Clarke).
Mr Shor holds a Bachelor of Arts in Computer Science and a Bachelor of Science in Civil Engineering from
Technion, Israel Institute of Technology.

The only downside is that he has civil engineer credentials.... LOL.
(It's a Surveyor versus Engineer thing... nothing to worry about.... hopefully :cautious::D)

Conversely, the upside from potential connections/ networks means.... something. Have to wait and see.
Cheers.:roflmao:
 
frugal.rock said:
This chap got hired recently as Chair of the Board and CEO...

Biography of Arik Shor
Mr Shor is an experienced senior executive with a successful track record of increasing revenue, profit and business growth objectives within large and complex growing organisations.
Mr Shor has extensive experience
with highly intricate operations and logistics systems.
Mr Shor is an independent Director at Paz Oil Company Ltd, which is a publicly listed company on the Tel-Aviv stock exchange.
Mr Shor is also Chairman of the Board of Tadbik, a global leader in packaging solutions and
Afimilk, a global leader in developing, manufacturing and marketing advanced computerised systems for the modern dairy farm and herd management.
From 2009 to 2016 Mr Shor served as Chief Executive Officer of Tnuva Group, which is the largest food
conglomerate in Israel. Prior to this Mr Shor was the Chief Executive Officer of Holga Kimberly (a subsidiary of
Kimberly Clarke).
Mr Shor holds a Bachelor of Arts in Computer Science and a Bachelor of Science in Civil Engineering from
Technion, Israel Institute of Technology.

The only downside is that he has civil engineer credentials.... LOL.
(It's a Surveyor versus Engineer thing... nothing to worry about.... hopefully :cautious::D)

Conversely, the upside from potential connections/ networks means.... something. Have to wait and see.
Cheers.:roflmao:
Click to expand...

I do wonder if the appointment of this guy revitalised the Board and opened some doors. I would much prefer an engineer in charge, than someone with a non technical background. I hope the capital raise is a catalyst for a re-rate or acceleration of commercialisation.
 
verce said:
Okay I’ll try to relax. It’s easy for you guys to say that from the sidelines though! I’ve been here since Day 1 and kept the faith. :p
Click to expand...
Are you excited about making bank or are you bricking it thinking you're going to lose everything?

Because you'd have to be well, WELL into the green by now?
 
over9k said:
Are you excited about making bank or are you bricking it thinking you're going to lose everything?

Because you'd have to be well, WELL into the green by now?
Click to expand...

Sitting on paper gains. But wondering if I can hold out for 12 months for the CGT reduction. That’s the dilemma.
 
over9k said:
Well this strikes me as a long term "just sit on it and see" type of thing so...
Click to expand...
I agree especially when it comes to volatile microcaps like these. The huge up/down swings and lack of liquidity makes it near impossible to trade these, especially earlier on when very few shares change hands.

So I guess, if the company and it's concept or product is really promising, maybe have to put on a small stake and hope for the best. I haven't been doing it so can't advise, I've been trading stocks that you can actually get in and out of with enough liquidity. But that's what I am thinking about with microcaps...
 
aus_trader said:
I agree especially when it comes to volatile microcaps like these. The huge up/down swings and lack of liquidity makes it near impossible to trade these, especially earlier on when very few shares change hands.

So I guess, if the company and it's concept or product is really promising, maybe have to put on a small stake and hope for the best. I haven't been doing it so can't advise, I've been trading stocks that you can actually get in and out of with enough liquidity. But that's what I am thinking about with microcaps...
Click to expand...
quite right, @aus_trader . If @verce got in early... & he started posting on this early July, and the lift-off from sub 10c correlates, then he's sitting on a problem (a nice one, but still a challenge). Retail and microcaps.... got to manage the risk. And that is by prudent allocations, watching volume, taking a view that it will come good but aware others sell into strength. And the thirst for capital, that well trodden route of going to the market to fund the next stage. Not for the faint-hearted.

( I do hold a small parcel, sitting on notional 60% gains. Have some $$ in the kitbag if needed.. and, hold in a beneficial tax environment :) )
 
Dona Ferentes said:
is that your potential cash allocation? One version of playing the field, I guess.
Click to expand...
On this, yes. It could go gangbusters, it could go nowhere. Nowhere is a very distinct possibility, and if it does go somewhere, it's going to take a while to do it. Not interested in having a large sum of cash tied up for an extended period on a maybe.

Hence it's a throw a few bucks at it, see where it is in X number of months or Y number of years kind of thing.
 
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