AAC Clyde Space (ACCMF)

[Renee]

ACCMF one for 50 reverse split:

https://otce.finra.org/otce/dailyList?viewType=Symbol%2FName%20Changes

[koolmc]

yep don't expect much unless interest in here. So far none here or on other social media platform. Earlier thought it would get some movement on the space sector hype earlier in the year.

[turning stone]

I am a new investor in this equity. Nothing like taking a shot in the dark. I have done this many times over the years and have done very well. One must have a great deal of patience and guts. But if you win it is a lot of fun beating the odds. If you lose oh well.

[Nuttyswinger]

Yes, volume has picked up the last trading days. On Friday we saw the highest daily volume since the stock was listed in the US. The coming week will be interesting to follow for sure :)

[fallin123]

Seems like ppl finally have found it

[fallin123]

looks like accumulation phase here
this should be a dollar easy when the next 10-q comes out

[fallin123]

Ok i like this a lot

[koolmc]

Only pure space play on otc that I can find.

[fallin123]

Gimme all the goods here

[koolmc]

quiet board lately, still holding, might go off again on kathy's space etf coming soon.

[koolmc]

only pure otc space play so far if anybody lurking out there

[koolmc]

nice and steady trying for .50's now

[koolmc]

yep volume was decent. If we can get consistent volume and build on that, would be great

[levelnever]

Looks like attention is trickling in, little by little. Nice initial move today.

[koolmc]

agreed should be higher then what it is now, will take patience but will go for good one of these days

[levelnever]

We'll see, just depends on what the rules are (ie minimum MC etc.), but I think it's definetly possible.

Personally, I don't think there is any reason with the valuations in the other space companies that currently exist that the base here shouldn't at least be in that $100 million MC range. Double where it is now.

If Momentus is valued at a base at $1.2 Billion, ACCMF should at least be at that $100 Million level IMO. And I still feel that is being conservative. It is the only one when compared to SPCE, SRAC, NPA etc. that is projecting to be profitable by end of year.

[koolmc]

might not be today but down the road more interest will come as traders look for next space play that hasn't moved yet, like this one, and the only one on otc.

Although it's a big longshot but if ark added this to their space etf, well let's just say it will be a nice vacation lol.

[levelnever]

I agree, sector definetly picking up. I wonder whether announcement of that new ETF and the huge surge in other space related stocks will start to trickle over to ACCMF. Just a matter of time.

If ETF were to ever add ACC Clyde Space to index as constituent company this would explode. I think it's certainly possible with the limited number of pure space plays that exist globally.

[koolmc]

only pure space play on otc will get discovered one of these days

[koolmc]

yep like you said just need more awareness, the space sector is still in it's infancy. Personally i think when the starlink ipo debut it will give rest of the sector a big boost and people will be looking for lower/reasonable price space stock like this one imo.

[levelnever]

Yup, rightfully getting attention on the home exchange. Significantly undervalued IMO compared to peers. If $SRAC is valued at $1.2 Billion and they are still starting missions up and $ACC has a market cap in the $50-60 million range and has been running missions for quite a while along with the many other things we know it does makes you wonder. At some point IMO this has 10x-20x potential. For it to build massive gains I think they will need more awareness and ideally listing on one of the major exchanges.

[koolmc]

up on low volume, still the only pure space play in otc market.

[Nuttyswinger]

Thuesday's report from Sweden.

+ Edison Research reiterate their target price of 4.8SEK/share (0.57USD)

"Following the capital raise and the addition of Hyperion, the value of our capped DCF is unchanged at SEK4.8 per share. We will not adjust for SpaceQuest until it completes, which is expected in the next few weeks following regulatory US approval. We expect it to enhance earnings in FY21 as it is historically profitable."

Full analysis is found here: https://www.edisongroup.com/publication/hyperion-augments-organic-progress/28412

+ Volume is picking up on the Stockholm exchange and the shareprice with it (7% up today). Goldman Sachs (or a customer of theirs) has showed up on the buy side and bought around 150k shares yesterday (if i remember correctly) and 251k shares today.

[koolmc]

support building up again peeps, with few flippers along the way. Think this is the only pure space play on otc.

[koolmc]

lol figures cdel alread trying to trade, not a quick trade, here this is long term.

[koolmc]

noticed more support coming in at lower prices, like i said volume it goes

[levelnever]

DD taken from $SRAC Stocktwits Post:

[levelnever]

What I am really hoping is they start to build out that board of directors to reflect bigger names in aerospace. Beyond joining OTCQB, the acquisitions and the contracts, I think that is a good next step on building their brand more globally and attract legitimate institutional eyes in the way others are (ie Momentus).

[levelnever]

Yup, no attention, although some building now. Very much flew under the radar when they listed on OTCQB the other month. Also first company dual listed from the Swedish exchange I believe which may have had something to do with no one noticing. Either way, early days for this one, been starting to accumulate and will continue to as part of a macro play.

Can they get their story in front of investors well enough not having their main listing on any major exchange and make aggressive enough moves to quickly build market share? Looking forward to watching this the next couple years.

[levelnever]

I agree, will be an interesting one to watch play out. I know some of the SRAC investors are eyeing this as well. At ~$50 million US market cap, if attention comes here and there are continued moves from SPCE & SRAC, along with successful launches and renewed attention in space (driven by high profile names e.g. Musk etc.) there are only a few places for American investor dollars to flow as a pure space play.

The question I have is as with many foreign listed OTC stocks usually they tend to follow the lead of stock performance where it is listed (ie Swedish exchange). However, I could see the potential here for the reverse to happen if American investors pile in, where the OTC price starts to lead performance on Nasdaq Stockholm.

We'll see, but with Momentus being priced as a $1.2 billion dollar company and with a comparatively low market cap and some great news and updates from company in the last month,
great potential for a very large move IMO.

[koolmc]

think this is the only pure otc space play out there.

[koolmc]

volume still low

[koolmc]

thanks for the info

[Nuttyswinger]

The PP was administrated by Erik Penser Bank in Sweden, around around 40 investors participated in the accelerated bookbuilding procedure and bought variable amount of shares.

The PP was 19,2M shares in total at the price 2,70SEK/0,32USD and brought 52MSEK/6,1MUSD to the company.

[koolmc]

hopefully get some new investors in after conference, one of cheapest space plays out there

[koolmc]

what was the total dollar amount for private placement through mcap?

[Nuttyswinger]

First public presentation for US investors 3rd December. Be sure to check it out at 10:30 AM ET.

https://www.virtualinvestorconferences.com/events/event-details/monthly-investor-conference-1

The company also held a Q&A for shareholders on friday. A summary of the session can be found here:

https://investor.aac-clyde.space/en/qa/

[koolmc]

looks like mcap is the private placement seller, on watch till it get's some volume

[Nuttyswinger]

Nice to see some US investors finding this company. It has been listed at Nasdaq First North in Stockholm, Sweden since 2016 and as you say recently moved into a second listing at OTCQB.

The trading volume at OTCQB is still low, but seen some bigger single trades done with about ~300k shares.

The average volume in Stockholm has been between 2-11M shares per day last week. The ESA/UK Space Agency order lit a fire under the stock but its currently held back by what seems to be two of the investors who participated in the private placement one month ago.

The stock price in the PP was 2,7SEK (0,32USD) and they are now selling at ~2,80SEK (0,33usd). The Swedish shareholders are counting down and waiting for the sellers to run of stocks to sell, then the stock can start making it way up where it belongs.

Two analyst follows the company.

Edison Research (International) and Penser Access (Swedish), both has a target price around 4-5SEK (0,47-0,59USD). I think they will up that number at the next update as they will include the value of the transformational ESA/UK Space Agency order.

[koolmc]

okay on rader thought spce and srac were the only one, now another one here obviously not as big as them, still in space sector.

[koolmc]

hmm interesting just stumble upon this looks like most don't know about this

[levelnever]

One of the only pure space plays in the US Markets, just listed on OTCQB and just announced a $22.5 million contract with European Space Agency and UK Space Agency. We'll see how it evolves, but its a nice market and while speculative, they are already bringing in income.

They have expressed interest in expansion into US Market, and last month made moves with OTCQB listing and acquisition of Virginia based SpaceQuest. They are moving fast and aggressively. Besides $SPCE and upcoming $SRAC merger with Momentus it is the only pure legitimate space play that I know of. Watching closely.

https://news.satnews.com/2020/11/20/aac-clyde-space-now-engaged-in-new-constellation-services-with-esa-uk-space-agency/