Kestrel parties made 208K to help UBI out over a 6 month period and put it on a better footing. Having now sold down 1.6M at 45p it has around 64% of its placing shares left.
GOOD FOR ALL CONCERNED.
Another institution increasing (demand) at a pre-placing price
More new services/product developed/ released in past 6 months
Balance sheet strengthened
Margin improved and should do so further
Not much free stock around.
Kestrel lightening up could also make it easier for UBI to raise funds in future.
Kestrel can now add without being slow close to 30% and increase institutional base to tap.
Kestrel sold but at pains to state that it was in response to institutional demand for shares. That is positive.
I agree that signs look positive. This team seem to be on the cusp of turning the great technology and product, into profits and cash and a serious business. The days of Hopper and Green are a fading memory....
1) HIGH DEMAND.
2) WITH GROWING DEMAND FROM EXISTING AND NEW CUSTOMERS IN THE COUNTRY.
Read carefully, Mexico is now open, they couldn't install in the past as there were no approvals. Now they can. Look at the list of EXISTING customers there where UBI have already sold kit in other geographies. AN OPEN DOOR. Also mentions NEW CUSTOMERS.
Mexico is a workshop for North America.
This is excellent upside potential not RNS'ed but in plain view for those caring to look.
Decent margins in all probability too.
"Ubisense Group plc (AIM:UBI), the global leader in enterprise location intelligence solutions, has received Mexican approval for its Dimension4 Ultra-wideband (UWB) real time location system following high demand from manufacturers with plants in the region.
Ubisense already works with many of the worlds leading manufacturers in aerospace and automotive, as well as general industry, including nine of the top ten automotive manufacturers and aerospace customers including Airbus and Lockheed Martin.
Mexico has been a major focus for manufacturing investment in recent years. More than $20 billion has been invested in automotive manufacturing by companies that include existing Ubisense customers such as Ford, General Motors, Mazda, Honda, Nissan, Toyota and Volkswagen. Aerospace is also an increasingly important industry for Mexico - between 2010 and 2014 the average Gross Domestic Product (GDP) growth rate of the industry was around 21%.
Ubisense Dimension4 (D4) is a best-in-class precision Real-Time Location System (RTLS), consisting of hardware, firmware and server-based software components that work together to locate people and objects inside buildings, to provide visibility and control of industrial processes. D4 has become the most widely-deployed, high-accuracy and production-proven location system in the world, and is the only UWB RTLS to accurately measure angles, providing far higher redundancy and precision in like-for-like configurations than any other UWB RTLS. D4 is a proven solution, with some individual systems consisting of more than a thousand sensors working seamlessly together and providing machine-level, real-time response.
Andy Ward, CTO at Ubisense, said: Our UWB systems are already certified for use in Europe, the US, Canada, Japan, Korea, China and Singapore, and Mexico was the obvious next step for us. With growing demand from existing and new customers in the country, we are looking forward to helping them benefit from what we believe to be the best UWB RTLS on the market, and the first to receive certification in Mexico."
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