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Well, that is not a good sign. I fear they had to take additional money to get this CMOS up and working. Not good for them as they always have been proud to be financed by the staff....
I wish them well and hope this strengthens them instead of getting them into a Hasselblad kind of marketing orientation.
Greetings from Germany
Stefan
Regarding the new body, isn't this something that has been in the works for years? If hints dropped by Phase One are anything to go by, we should expect it to be announced by Photokina at the latest. Presumably then, the majority of any necessary R&D spend has already happened.Chris
after posting the very first sentences that came to my mind I posted this to LL:
Hmm
Two opposing ideas:
first: Well, that is not a good sign. I fear they had to take additional money to get this CMOS up and working.
Not good for them as they always have been proud to be financed by the staff....VC´s are of course no nice people. they want to earn.
You are the ones whose blood they want to suck and that mostly fast.
second : of course they are right, either grow or close it. For a CMOS business they have to get up volume.
To even launch a new body to support this, it will need a significant investment. That could be raised by this if the capital was raised.
If earnings are big enough everybody will be happy.
.....
(it was not explicitely said they raised capital - only they bought the shares). as long as we don´t know what this really means in terms of capitalization
the information could be bad, good or neutral. All else is pure speculation.
I wish them well, I hope it works and will keep this industry alive and kicking. we really need a healthy Phase One, as this is right now one of the columns
several other smaller operations in this industry rely on (myself included).
Greetings from Germany
Stefan
Well, Silverfleet did specifically mention that one of the reasons for the investment was to help with the aquisition of complementary businesses or technology.Hi Gerald
Devellopment is one thing. To ramp up a production line for doing a new product another one. Of course I can be wrong , but after some attempts on running a VC based company back in 2000-2003 I have some experiences with VC´s, due diligence, business plans and projected earnings.
Of course - I don´t have any first hand infos, but as I read this it is very likely as I wrote it.
The central question is: did they get new cash to spend from this deal.
Anything else is not much important right now.
Regards
Stefan
It's impressive how small this companies actually are.This link in danish provides more details:
Danske Phase One solgt til engelsk kapitalfond - Electronic Supply DK
The original owners keep 40 percent of the shares, the remaining 60 was bought for 500-600 million danish crowns, which put a value on the company of about 180 million USD.
Silverfleet Capital | View allThe arrangement is not because P1 needed any help launching or ramping the IQ250.
Production on the IQ250 is already ramping. Demo units began shipping the business day after the announcements. End user shipments began last week.
Take a look at what this firm says is their speciality. Then we can revisit this thread in a year or so and things should be more clear.
#1 is more typical of 20-something startup founders that find themselves in a multi-million company a few years after being in a garage with their friends dicking around.1. they feel that a baby sitter is more capable parent than themselves ( as in, that the present value of their annual income is exceeded by an LBO)
2. they have an irresistible urge to relocate to the Bahamas .. and let said baby-sitter adopt the pooch
Doughpeterson - thanks for your responses, tho' you omitted replying to #3#1 is more typical of 20-something startup founders that find themselves in a multi-million company a few years after being in a garage with their friends dicking around.
Re #2: Danes burn easily.
This will be my last post on this thread. See you all here in around a year and we can see how things have developed .
Those numbers don't tally with the published accounts, which give the following as revenue (all in DKK '000,000):Most of the information comes from articles in the Danish financial paper Borsen.dk which is a subscription site.
However, it started with an article in May 2013 but you can find information about the content of the first news here:
Væksten stagnerer hos Phase One - Electronic Supply DK
Edited google translate:
The growth stagnates at Phase One
30 May 2013 - By Katrine Jensen Øgaard
The Danish manufacturer of high quality cameras have had to settle for a somewhat modest growth in 2012, which stands in stark contrast to previous years.
In 2012 obtained Phase One revenue of 366 million DKK which is only 4 percent more than the year before. The paper notes.
The 4 percent is a sharp drop in the company's growth compared to 2010 and 2011 when growth was around 30 per cent.
- It is clear that I will not be satisfied if we are to live with a growth of about 3-5 per cent. many years in a row. We have a goal to achieve sales of 500 million in 2015 and then we have something greater growth rates, says Henrik Ole Håkansson, CEO of Phase One, according to Borsen.dk
He expects that the company will soon be back on a growth of around 10-15 per cent. Since last year made significant investments in technological development.
What would they gain from that?They should just buy Hasselblad and be done with it, I say.
Why, the Lunar, of course!What would they gain from that?