MIKOH CORP (MIK)

[steve fleming]

Has had a nice run lately,....almost doubled at one point since a placement at 3.8 cents.

I have been in and out of this stock a couple times over the last few years...basically promised alot and delivered nothing...no longer currently hold it.

However, new CEO, restructured board, some working capital to play with...some good growth strategies in place....but still no real results to speak of.

I am unsure whats been driving the recent interest in this stock....anyone know/ideas/ can enlighten me? - Does the market consider the new management team to be more credible and able to deliver on their promises where previous management have failed or is there something else?

[gulf]

Have a look at company announcement today.

[steve fleming]

to be honest, am yet to be convinced.....sounds like more promises amongst lots of pretty presentation...lacks significant detail and numbers.. heard similar kind of promises before that have always resulted in zilch...

[gulf]

the MD has bought some more shares,this should be a positive.

[steve fleming]

THis is a perfect example of a what a new young,energetic MD (Matthew Blomfeild) can do to revitalise a company.... the SP is up 150% from start of the year ( 4c to 10 c)...

this guy respects and appreciates shareholders and communicates through numerous shareholder newsletters and this just announced information evening:

"As Managing Director I believe it is incumbent upon me to present to you an up-todate perspective on the company and its positioning in the various target markets, and I am therefore delighted to invite you to an Information Session that MIKOH will be holding in Sydney on Wednesday June 14th.
My purpose in hosting this is to inform you on what we see as an exciting period of growth ahead for MIKOH. I will be attending in person together with a number of industry specialists.
This session will commence at 4:30pm and is expected to take approximately one and a half hours. It will be followed by drinks and canapés where you will have the opportunity to meet and talk to MIKOH’s management team. "

now....he just needs to make the company profitable!!!

[steve fleming]

interesting question raised by Dofus on HC....why is a u.s. entreprenuer of the year bothering to fly all the way from the states to attend a tiny Australian company's shareholder update???....maybe to accept a board appointment perhaps???

Copy of post from HC:
-----------------------------------
I note with extreme enthusasm that the shareholder invitation just sent for the upcoming meeting on June 14 states that a Mr Richard Holcomb is flying out to attend.
A quick google search has shown me that this man was awarded the U.S. Business leader Top Gun Entrepenuer of the year in 1996. He is apparantly widely respected as a software industry leader and visionary whom has actively invested in technology companies and been ceo and board member for many large U.S. companies.
My question is why is he bothering to fly all the way from the states to attend a tiny Australian companies shareholder update ? It does not make sense unless like I have always believed this little company is slipping underneath everyones radar with its global technology.
I get the feeling that the 10c you mention is just the beginning. At least I hope so.
I note that there last report stated that a new board member will be added soon. Perhaps I am just misreading but I am starting to get very excited. I am hoping the long awaited growth for Mikoh is almost here.

[gulf]

are you going to the meeting?

[steve fleming]

quote:Originally posted by gulf

are you going to the meeting?


nice action today...took out 10cents and almost 11c....on decent vol. too... almost 1mil shares....the chart is looking beautiful!!...blue sky ahead and it has only just begin...

re the meeting: i'd love to attend, just have to juggle other committments, no excuse really as the venue is across the road from work...i've spoken to MD Matt before...can't rate the guy highly enough

[tommy]

Yo Steve!

Still holding MIK? Tempted to get in now, great news.
Will it need to raise capital again though? Worried about insider trading (?) looking at the price movement prior to announcement too...

Secures First Order in Global EVR Market
http://www.sharetrader.co.nz/post.asp?method=Reply&TOPIC_ID=21561&FORUM_ID=50

MIKOH Secures First Order in Global Electronic Vehicle Registration Market
13 October 2006

MIKOH is pleased to announce that it has received the first Electronic Vehicle Registration (EVR) order for its Smart&Secure radio frequency identification (RFID) tags. Under the order, for a small country with around 35,000 vehicles, MIKOH will supply RFID vehicle tags for use in a country-wide EVR system.

This order is a milestone for the Company following nearly 5 years of investment in this emerging multi-billion dollar market. It confirms the commitment to this application of the system supplier, which is a US multi-national company with substantial global operations. Expectations are that other countries with significantly larger vehicle populations will follow suit.

EVR is a global RFID application that is being actively promoted in the USA and other major markets around the world. With approximately 240 million motor vehicles in the USA alone, and an estimated 600 million worldwide, EVR presents a substantial opportunity for MIKOH, which has first mover advantage with its patented Smart&Secure technology.

In this EVR application a Smart&Secure tag will be applied to the windscreen of every registered vehicle in the country. The tag will allow the registration status of the vehicle to be monitored remotely as the vehicle passes a reader at normal driving speed. Readers can be mounted at toll gates or over any section of roadway. Fines and compliance notices can be issued for unregistered or out-of-compliance vehicles, allowing the government to recover lost revenue while also helping to maintain vehicle safety standards. Registration non-compliance in the USA has been estimated at between 5% and 15% (varying state by state), and can be significantly higher in other countries.

[gulf]

should be OK for cash recently raised $900,000 odd from two placements

[tommy]

quote:Originally posted by gulf

should be OK for cash recently raised $900,000 odd from two placements


Shame they didn't release how much this deal is worth, dollar amounts would have helped clarify the significance of the latest announcement.

[steve fleming]

quote:Originally posted by tommy


quote:Originally posted by gulf

should be OK for cash recently raised $900,000 odd from two placements


Shame they didn't release how much this deal is worth, dollar amounts would have helped clarify the significance of the latest announcement.


Hi Tommy!

still holding MIK since about 5cents...however a word of caution as MIK is still burning large amounts of cash and although it is in far beter shape than in past, it is still a while away from becoming EPS positive....as you say it would have been nice to put some $ to the announcement... hopefully they will avoid a BQT type position where they have an advanced product but can't do any deals on a scale sufficient to generate decent margins.

THey have an exciting relationship with Telstra which has potential, and I think i said it before, the CEO deserves lots of credit for driving MIK to its current position.

Cheers!

[steve fleming]

quote:Originally posted by steve fleming


quote:Originally posted by tommy


quote:Originally posted by gulf

should be OK for cash recently raised $900,000 odd from two placements


Shame they didn't release how much this deal is worth, dollar amounts would have helped clarify the significance of the latest announcement.


Hi Tommy!

still holding MIK since about 5cents...however a word of caution as MIK is still burning large amounts of cash and although it is in far beter shape than in past, it is still a while away from becoming EPS positive....as you say it would have been nice to put some $ to the announcement... hopefully they will avoid a BQT type position where they have an advanced product but can't do any deals on a scale sufficient to generate decent margins.

THey have an exciting relationship with Telstra which has potential, and I think i said it before, the CEO deserves lots of credit for driving MIK to its current position.

Cheers!


Sold down my MIK today...nice ride from 5 cents to 20 cents, but taken my three bags....now capped at over $30 million and with profits still possibly up to 2-3 years away, a bit too much hype/potential factor IMO built into the sp at these levels

that said, the hype around MIK is definitely deserved, however MIK need to start delivering some revenues to justify its market cap....no reason why they can't given the foundations laid to date, however potentially tough ask in a competitive industry where MIK is up against some very well resourced and connected players

[steve fleming]

Wow!!!

Hit the sell button a little too early on this one!!

Hit 38 cents today!! ( Which is exactly 10 X the price of MIK when i first started this threasd 18 months ago)

Market cap of $60 million - absolutely crazy stuff!!

[steve fleming]

From 3 cents to 60 cents in just over a couple of years.

Pretty close to a 20-bagger now.

Unfortunately i was out at 20cents!!

[David Hardman]

My father in law is a bit of a punter and bought these things during the dot-com period. Think he paid around 50cents

Put them in the bottom draw for 5 years.. Sold them around 12cents about a year ago..

Some people should just avoid the market.

[steve fleming]

From 3 cents to 60 cents in just over a couple of years.

Pretty close to a 20-bagger now.

Unfortunately i was out at 20cents!!

Its been quite a ride for MIK over the years.

Looks like things are starting to come good, with a us$25m + contract to deliver security tags as part of Thailand's electronic vehicle registration program.

Hopefully this is not an NBS type deal, and the counterparties are able to deliver.

[Joshuatree]

Unfort NBS was the first thing i thought of when i read some threads on H/C recently, another con which always seems to ensnare some naive victims who followa textbook(trust me) upramper with an obvious agenda.. And like on the NBS threads theres a few posters(egMorely ,Rosencrantz) trying to point out the super high speculative risk (it seems, to me) of putting ones hard earned into this stock. This toxic troll's posting exclusively on MIK, last 2 threads are a very revealing insight into what sort of person he/she is .

[steve fleming]

Unfort NBS was the first thing i thought of when i read some threads on H/C recently, another con which always seems to ensnare some naive victims who followa textbook(trust me) upramper with an obvious agenda.. And like on the NBS threads theres a few posters(egMorely ,Rosencrantz) trying to point out the super high speculative risk (it seems, to me) of putting ones hard earned into this stock. This toxic troll's posting exclusively on MIK, last 2 threads are a very revealing insight into what sort of person he/she is .

Yes, that Morley is a pretty smart poster.

the comparison with NBS has some validity, however, not even NBS has had to resort to La Jolla for funding.

Looks like La Jolla has found another group of naive directors that have bought the La Jolla story about being ethical and supportive partners, hook line and sinker. It seriously amazes me that there are directors out there who seem to be so ignorant of what La Jolla has done previously.

I agree that the La Jolla model can work at times - where you have a liquid stock with strong fundamentals to generate sufficient share price strength to offset any La Jolla selling, but for illiquid stocks with weak fundamentals it will inevitably end in tears.

[Joshuatree]

[QUOTE=steve fleming;355596]Yes, that Morley is a pretty smart poster.

Yes .Pretty good at smelling a potential Rat too as well as going out of her way letting naive believers know with informed facts and opinion that they may need to be honest with themselves and maybe crystallise a loss.When you get one dominant intolerant poster who influences ,dominates , ramps/misinforms and attracts followers i admire anyone who makes a stand. Its not just about making money.

[Lizard]

Is it technically possible for companies to carry out a "share sell-down" in the reverse of a "share buy-back"? They would issue themselves shares as Treasury Stock then sell on market, using similar rules to buy-backs. Would this be within the rules?

After all, if the likes of LJC or placement takers are just going to sell down on market then why not let the company do it directly and do it in a way that takes more account of shareholder interests? Plus there should theoretically be a cost saving, since no doubt LJC and other placement takers expect to make a decent profit.

I guess the downside is that they don't get a single one-off sum, but have the money drip-fed back to them over time.

[gulf]

Morley does not own any shares- what is his/her game ?

[Lizard]

Time to put MIK on the spec buy watchlist? Have walked away from La Jolla Cove arrangement (although at some considerable cost). Thailand project has gone very well. Just need to see how much dilution they put through in obtaining further funding they are currently looking for, but most likely will be at similar price to raising just undertaken at 1.38cps. Holders promised a renounceable 2:9 issue at 1.38cps shortly. Share price currently 1.8cps.

Pipeline of possible projects in other parts of Asia and eventual extension of project to all cars in Thailand. Buying now is probably a bet on them announcing a new project.

[steve fleming]

Time to put MIK on the spec buy watchlist? Have walked away from La Jolla Cove arrangement (although at some considerable cost). Thailand project has gone very well. Just need to see how much dilution they put through in obtaining further funding they are currently looking for, but most likely will be at similar price to raising just undertaken at 1.38cps. Holders promised a renounceable 2:9 issue at 1.38cps shortly. Share price currently 1.8cps.

Pipeline of possible projects in other parts of Asia and eventual extension of project to all cars in Thailand. Buying now is probably a bet on them announcing a new project.

Still burning a lot of cash though Liz?

Shame to see them change names - I have a bit of a soft spot for Mikoh, and try to keep up with their announcments and progress....however once a company changes names/tickers i tend to lose track of them