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SAS - Sky and Space Company

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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.
Hi @greggles
I just got a call from Trump asking if I recommend some one for next CIA Director. I told him, no one excepting Mr Greggles :).
What a solid analysis on SAS: Well done mate.
Since SAS did the trading halt on 4th Feb, they extended the trading halt three times only to be told by ASX PLEASE EXPLAIN letter. Very detailed and interesting to see what ASX comes out .
One thing I have noticed, following Banking Royal Commission, the please explain letters from ASX have become somewhat proactive and more analytical than just issue and be happy with reply attitude.
Do not hold SAS.

upload_2019-2-11_15-46-20.png
 

greggles

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SAS getting a grilling from the ASX over revenue forecasts in the Company Presentation released to the market on 22 January. Take a look at the announcement released today. Some tough questions there.

I suspected that SAS would try and boost their share price in anticipation of a coming capital raise and I was right. Unfortunately for SAS, the ASX has now taken an interest and I think that will spook the market.

Expect the SAS share price to fall substantially tomorrow.
 

greggles

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Expect the SAS share price to fall substantially tomorrow.

Well, it didn't re-list on 12 February but when it did finally re-list, the share price did fall substantially as predicted.

SAS announced another $3.2 million half yearly loss on 26 February. Not looking good.

big.chart-SAS.gif
 
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Well, it didn't re-list on 12 February but when it did finally re-list, the share price did fall substantially as predicted.

SAS announced another $3.2 million half yearly loss on 26 February. Not looking good.

View attachment 92699
Fundamentally when looking at sky and space, the company lost the ground rule where to keep their feet on ground.
Without being jovial, the company lacked its due diligence and solid strategy and thereby, let down the shareholders on this stock and others dealing with similar business objective. :(
 

greggles

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Fundamentally when looking at sky and space, the company lost the ground rule where to keep their feet on ground.
Without being jovial, the company lacked its due diligence and solid strategy and thereby, let down the shareholders on this stock and others dealing with similar business objective. :(

I predict that SAS will be one of those companies with a pie in the sky kind of idea with lots of promise that raises too much capital and burns too much cash, but never really manages to turn that pie in the sky idea into a profitable business before the market loses confidence and the cash dries up.

Am happy to be proven wrong but I just can't shake that feeling.
 
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I predict that SAS will be one of those companies with a pie in the sky kind of idea with lots of promise that raises too much capital and burns too much cash, but never really manages to turn that pie in the sky idea into a profitable business before the market loses confidence and the cash dries up.

Am happy to be proven wrong but I just can't shake that feeling.

They’ve raised some more capital, CR over subscribed, for constructing 16 pearls I believe. So if the US debt facility they are in “advanced discussions with” gives them some cash, or get it from options / another CR, could be the launch money. If the first 16 are successful hopefully generates more interest and they can acquire more funding for getting the full 200 up. Could be the bottom if things go well from here, and a large target market $5-6 Billion if they can get a slice.
 
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They’ve raised some more capital, CR over subscribed, for constructing 16 pearls I believe. So if the US debt facility they are in “advanced discussions with” gives them some cash, or get it from options / another CR, could be the launch money. If the first 16 are successful hopefully generates more interest and they can acquire more funding for getting the full 200 up. Could be the bottom if things go well from here, and a large target market $5-6 Billion if they can get a slice.
We should live in our dreams floating between Sky and Space:)
 

greggles

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It's starting to sound like the end of the line for SAS.

This is the fourth Voluntary Suspension Extension since it entered suspension on 8 April, more than five weeks ago and it doesn't sound like much has been achieved. At least, nothing worth reporting to the market.

It's all very ominous.

Voluntary Suspension Extension

Sky and Space Global Limited (“SAS” or “the Company”) pursuant to ASX Listing Rule 17.2, SAS requests the voluntary suspension over its securities remain in place.

In accordance with ASX Listing Rule 17.2 the Company provides the following information regarding the request:

1. This request for the extension of the voluntary suspension will enable SAS to finalise the appointment of two new Australian resident non-executive Directors with the requisite skills and experience, and also complete negotiations of material commercial and operational agreements to support the Company’s ongoing operations and growth strategy.

2. The Company will make an announcement to the market in respect of the abovementioned matters as soon as it is in a position to, and expects the voluntary suspension to end no later than the commencement of trade on Monday 27 May 2019.

3. The Company is not aware of any reason why the voluntary suspension should not be granted, nor of any other information necessary to inform the market about the voluntary suspension.
 

Purple XS2

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I haven't followed the story of this company for quite a while, but it looks as though the bell is tolling, for perhaps the last time, this time. Voluntary Administration:
https://www.asx.com.au/asxpdf/20200407/pdf/44gsktmfr1872p.pdf

Looks like Australia's space tech sector just got smaller.
Never mind, for those looking for a opportunity to pusue this sector, there's always Electro Optic Systems (EOS).
 
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On February 10th, 2021, Sky and Space Global Limited changed its name to Sky and Space Company Limited.
 

Dona Ferentes

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The ASX has today (08 April) granted the Company an extension of the deadline for automatic removal of the Company from the Official List from 8 April 2021 to 8 July 2021, the Company will not be removed from the Official List today.

The Company is currently working with ASX towards the reinstatement of its ordinary shares to quotation, and will update the market once ASX has advised the Company of any conditions to reinstatement.

tick tick tick
 

greggles

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I thought this dog had been delisted already, but apparently not. It appears to have been in some kind of corporate limbo since being suspended from trading in mid-2019.

Is it really going to rise from the dead like a zombie? Instead of "Brains, Need brains!", it will need to say, "Cash! Need cash!"
 
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