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Would love to be wrong here, but this feels more like it has to do with the "low float with short interest" trend sweeping the market right now. Which I'm all for too... but you have to question its sustainability.
"She is welcome to dump all of her shares"... except that she ALREADY dumped so many shares during the run-up that there is no longer any seeming incentive to produce. Or even communicate.
And this is coming from me, one of the longest standing bulls, having given every benefit of doubt, for years and years.
She did a hell of a job prepping this company for a massive payoff, but it came at the expense of investors who believed in the story they were selling, which apparently they knew was unsustainable.
No name calling, no disrespect. Just stating the obvious. The disrespect done here, if any, was the way management played its investors. Its not right.
To be fair, Anne Marie hasn't done much work, since selling out for a huge profit during the only period they hyped the stock, and then for all intents and purposes, we never heard from her again. It's almost as if there is no longer any incentive to produce.
Thank you very much.
There was an event listed on the corporate website's "Events" page... "2020 Annual Meeting of Stockholders" Sep 8, 2020 • 12:00pm EDT.
Here is a link to that page, with the event listed at the top (now in the "Past" Events section).
Thanks, do you happen to whether the call scheduled for today was postponed?
Ugh... I missed the conference call. Any key points worth discussing? Thanks.
More news out:
Coda Octopus Group Announces Significantly Advanced Development of Next-GEN 2.0 Diver Augmented Vision Display (DAVD), Team Accelerated Progress during Pandemic Shutdown.
CODA is under contract for the onward development of the GEN 2.0 DAVD system
CODA and NAVSEA 00C3 currently trialling GEN 2.0 features to Navy Dive Teams during GEN 1.0 roll-out program to the U.S. Navy Fleet
New 2.0 capabilities include advanced Diver Processor, with digital video, depth and calibrated attitude sensors, and integrated digital audio in the head-up display (HUD)
Custom companion product, DAVD C500 Inspector System, developed as part of the DAVD package
Next-Gen DAVD launch now expected before 2020 calendar year end
press release
Thanks :)
Anyone know what’s up? SP popped, then trading halted.
What gives? Up 18% on light volume?
She could afford it having sold all that stock at 18.
New Press Release from CODA (via email 2/17/2020): “Coda Octopus Launches Echoscope PIPE®”
The World's Only 5-Dimensional (“5-D”) and 6-Dimensional ("6-D") Real-Time Imaging Sonar
Capture, Processing and Output, up to 40 million 3D backscatter data points per ping within the selected field of view in real-time.
Coda Octopus today announced that it has started Beta-trials with its revolutionary new 5-Dimensional and 6-Dimensional Imaging Sonars, branded Echoscope® PIPE (Parallel Intelligent Processing Engine).
The 5-D and 6-D Echoscope® PIPE sonars embed the Company’s new innovative high-powered and extensible real-time processing engine. The current Echoscope® variants in the market can output up to 16,384 points per ping within the sonars field of view using a single set of processing parameters. In our new 5-D and 6-D sonars we can not only capture (for offline beamforming), and process the full backscatter (time series) data of up to 40 million points per ping, but make all of this data available in real-time for top-end visualization and processing. Supported by a range of advanced signal processing options, Echoscope® PIPE is revolutionary as it allows our customers to access the entirety of the available sonar data for multiple simultaneous outputs such as multiple 4D Images with different processing and/or the full backscatter (time series) output given much greater range and image fidelity – all from a single sensor in real-time. From complex live operations to autonomous vehicle data collection missions, this technology and capability presents a paradigm shift for marine and ocean monitoring and mapping.
[Here, they show a graphic, summarizing the following (paraphrased in my own words):
3D- scanning imagery to construct 3D shape
4D- multiple 3D images representing a time sequence (kind of like a video)
5D- mulptiple 4D images containing more depth info, detail, and resolution over time
6D- ““PIPE” allows multiple parallel 5D images to be generated with different imaging and sonar parameters. This allows different processing to be performed on the RAW sonar data in parallel and extract more specific results without compromise.”]
This ground-breaking technology’s ability to process all of the acoustic 3D backscatter data (up to 40 million points) within the viewing volume is CODA’s 5-D full-time series capability. Processing the complete backscatter volume now offers extended range, coverage and density of targets with the ability to detect multiple targets within a single beam footprint (in 4D) and provide critical amplitude data around targets and seabed such as layers or marine growth or sediment penetration.
The Company’s new 6-D system builds on the 5-D full-time series and allows parallel and sequenced real-time processing and visualizing of many 4D real-time images at the same time, using different processing parameters. 4D images can be processed by varying settings including field of view, range windows, beam detection method and many acoustic and beamforming filter options. Significantly PIPE can provide these multiple 4D imaging outputs in parallel over the network allowing different users to subscribe to the different image outputs they require.
As an examples, a single Echoscope 5-D or 6-D sensor can deployed on a Remotely Operated Vehicle (ROV) for complex infrastructure mapping in an oilfield and can deliver real time volumetric outputs simultaneously such as a near field high resolution range 4D image for building 3D models of the infrastructure or seabed, and a second 4D image set to far range with a narrower field of view for obstacle avoidance. Additionally, the system can capture the full 5-D Backscatter data for further offline processing in PIPE to detect oil patches on the seafloor or gas leaks from pipelines.
The ability to specify these multiple image requirements ahead of survey or inspection with the specific beamforming parameters and beam detection methods can mean that PIPE could make redundant a number of other sensors – reducing complexity, power consumption and weight and cutting significantly costs and increasing productivity.
For more information on this ground-breaking new technology from Coda Octopus, please contact a member of our sales team, sales@codaoctopus.com.
Right? Way to buy high and sell low.
Received this email today... “Coda Octopus Group Announces Gen 1 Diver Augmented Vision Display (DAVD) System Completed and Delivered“
Link to full article:[url][/url][tag] https://www.codaoctopusgroup.com/press-releases/detail/147/coda-octopus-group-announces-gen-1-diver-augmented-vision[/tag]
Or maybe we’re actually benefitting from tax selling, as investors rebalance other losses, to take a relatively large stake in a small undervalued company.
Being that the only thing that changed recently was that $4m line... maybe the market is relieved that the really large one won’t be needed anytime soon?
"(Factoring in) a deferred tax expense... Net Income after taxes in the current quarter is up on the comparable period of the previous fiscal year."
re: Market reaction, I hear you, but most of what drives our still very thinly traded stock price, is a bunch of clueless, amateur "day traders" on social media. Also, with greater impact, but equivalent cluelessness, are short sellers, building pressure first one way, then surging the other.
I literally would not be surprised if we erase all losses by the end of the day, or week or whatever.
Grabbing a few percentage points where possible, or hedging bets, etc. is understandable... but to me, the biggest risk here is having a reduced position when expected revenue from big contracts eventually gets announced.
That, or panicking to sell out a long term position, and then get back in only to sell when it matters with short term cap gains.
But pretty healthy beat over prior comp, which everyone was saying was very tough. $9m cash on hand (up ~$2.3m ). Debt decreased by almost a million. Business plan advancing as expected. Consistent revenue. Big contracts being negotiated. New projects being awarded. I remain confident, holding and adding, while the short term hobbyists do what they do. Would have liked to see something about the shelf though.
This earnings report is anyone's guess, but I do not see a lot of down side. Yeah, it may take a hit if not great, but seems to me, this is pretty baked in. Any pull back will be due to clueless momentum traders, which will only have a temporary effect.
And if we do happen to blow out earnings, or even mildly beat expectations, then yeah... look out. But I'm not holding my breath this quarter.
In my opinion, this thing remains a powder keg of upward potential. I could care less about the short term. I am all in for the long haul and it is still my favorite position, by a long shot, $100m shelf notwithstanding.
I share the confusion expressed by other posters (whose opinions I respect) about the lack of transparency with the shelf, but in the end, I'm willing to put my faith in management, who has done a pretty outstanding job in getting us to this point, which did not just happen by accident. This company is years in the making, with highly specialized technology, and solid channel distribution, with relationships that are only seeming to get stronger.
Lastly, I always come back to this: the company is profitable... full stop. Separately, from the fact that they are profitable, sustainable, somewhat hedged with multiple income streams, and have a pretty decent moat... they have irons in the fire that could eventually make this a 4 or 5-bagger or more... and that's from today's valuations, but its already done that for me, and it only looks better from here.
So... was there a meeting yesterday or what?
Best comment ever.
I would have felt more bummed about missing out on further gains over 18+ than I actually feel now, having missed an opportunity to lock in profit back in May. Of course with hindsight, it would have been nice to sell then and buy back in lower, and congrats to those of you who did.
Meantime, I feel less uncertainty now having just picked up additional shares @ 10. To me, the biggest risk is not being along for the ride when we inevitably get huge contract(s) or bought out.
Haha, I understand your question now... actually I think you may have read it wrong, although I can easily see how... because they write the statement awkwardly. But if you look closely:
“...raises Price Target to $18 from $17”
They raised it higher (from lower).
Hope this helps :)
Schwab confirmed I would have to subscribe directly to the respective analyst’s company to get access to their reports. Schwab just relays the headlines reported via Reuters. Meantime, I would rather spend my money buying more CODA shares since analysts are just now catching on to what we have been saying for 5 years... lol.
Yeah, so was I, but unfortunately no report is provided, even to Schwab clients. I’ll call Schwab and see if one exists and if so, how to access it.
This was distributed this morning by Reuters, co-branded with Schwab (as part of a Schwab service). It’s basically a news wire that lists 1-line summaries of all tickers that had securities analyst revisions to ratings and price targets. The email says redistribution is prohibited, and no further links are provided.
Alliance Global Partners raises Price Target to $18 from $17
Added.
Hweb2, while I appreciate your sober outlook and independent opinion, it seems some of the ideas you presented as fact may deserve a second look.
The company is fundamentally healthy relative to just about every metric in comparison to other growth companies (and many value companies).
They did not exactly "recover" (or have a need to)... but rather consolidated. Their revenue has not been "stuck" for many years at $20m. They briefly got to this level after revenue trended successively higher year after year over a long period of time.
For the "two years" you reference, which was actually closer to a one year period, they paid off debt, increased R&D, overcame currency exchange challenges, sheltered economic and market headwinds FAR better than the broader market (as well as their peers), and surpassed all expectations for optimizing new and substantial contracts across many different verticals.
They have become recognized as the best practices standard for their field by the US Department of Transportation. They are led by a masterful CEO, with credentials that read like "the most interesting person in the world", who by the way, specializes in mergers and acquisitions.
They have virtually no risk of going out of business, and only a little risk of needing to dilute shareholders (which if needed, would presumably create extraordinary value).
Regarding this week's valuation, how many companies do you know that have very little risk of going out of business, that can realistically explode several multiples?
While the momentum traders definitely exacerbated the run up, and now we're seeing the same phenomenon in reverse... the legitimate investors justifiably have fear of missing out. It would downright suck to be holding for 5-8 years and then be out right when meaningful contracts or a buyout get announced.
Good luck shorting. And by the way, I never heard of a "value investor" who shorts stocks.
Another new 52-week high today and this release:
CodaOctopus® Underwater Survey Explorer ("USE") Version 8.7 Release
Coda Octopus is pleased to announce the release of Version 8.7 of CodaOctopus® Underwater Survey Explorer (“USE”).
This release includes routine maintenance fixes to improve the functionality of the software and respond to customer feedback. Customers who have already purchased the 4G Performance Pack Upgrade can now use these features:
A new processor that supports industry standard 100mb Ethernet capability
Interleaving ping mode, or Ping Pong feature, using different frequencies, ranges, beam detection and different thresholds
Increased ping rate to 20Hz adding more data points and improving the quality of real-time moving image processing
Reducing the minimum imaging range to only 0.5cm
A programmable TVG
Routine maintenance fixes
For full release notes, please contact support@codaoctopus.com
This upgrade is available free of charge to existing TEAM members who are Version 8 users.
For those users who do not have a current TEAM subscription, or require further details, please contact sales@codaoctopus.com.
I know I am Captain Obvious, here, but can’t help myself. Another 52-week high, and on strong volume. We going to 20?
What I want to know is why on earth would Sandy Hills filings even factor into investor sentiment? First, it makes total sense that they would rebalance their portfolio after nabbing a quick double, and second, and more importantly, for them to be selling such big chunks at 52-week highs, it begs the question... who is buying at 52-week highs as fast as Sandy Hills can sell? Does it then follow that the yet to be released filings for these purchases will lead to new rallies?
Let’s hope so!
Any ideas on today’s new 52 week high?
Ow. Definitely more fun on the way up than down... lol. Still, when we level off, might be the last good chance to buy more.
Oh man, gilead23, I composed a whole reply that I accidentally just deleted. Ugh.
Right there with you on the overweighted cash position, and know what you mean about it magnifying things.
My next best position (very distant second) to CODA is FLIR, which is a sort of more established "land version" of CODA... maybe even a potential buyer of CODA (hope not). Don't know enough about them to make a recommendation though.
Made a ridiculously and small speculative buy today in CLD. A great company and management team in the coal space that got just hammered by a perfect storm of regulation and economic pressures, which forced them to file for BK. Picked up a few shares (if you can still call them that) this morning at .18, which seems grossly undervalued compared to their book value. Either it will be worth nothing, or many multiples on the other side of the BK, but either way I'll be watching closely to take a position.
I could give a dissertation on bearish positions related to the corporate debt space, but the Fed just put the kabash on that for now anyway.
Here's a list of my watch-list companies (in the order I like them)... but not at current valuations:
IQV, AMZN, TTEK, BP, ISRG, APPL, EDIT, CRSP, TSM, MU, HAL, TCEHY... and then there is my nemesis... CLIR, which I gave up all hope on, took a loss, bought some calls, and will probably lose that too.
There's this other infrastructure type company I like too, but they are foreign (traded on Euronext Paris) and I'm still learning about them.