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Funny how "a male bird, especially of a domestic fowl " gets censored! Ludicrous censorious robots will be the end of us but until then buy IIP and send the SP rocketing!
Yesterday my stockbroker ****ed up a simple Bed & ISA but maybe the unnecessary activity triggered a buy?
Very illiquid share which responds to individual trades and gleefully anticipates the herd arriving. And that's apart from the NAV being multiples of the current SP - have patience!
I think they both have a 100% spread so the SP has to double before you get back to square one!
I thinks BSP & 900% tops that .
Outstanding
Is IIP the most illiquid share on the Stock Market? The huge spread would indicate it is and just try selling! It was always a binary bet so I remain confident but a few buys would send the SP rocketing. Anyone DYOR would realise the disconnection between the SP and the possible NAV.
Spread now 150% nice , though not a record is very high for IIP .
Red or Black YOU decide
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0.25 to Sell 0.50 to buy and with no trades - MM's poised for some bad news?
Progress ,if at all , is pedantry .
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Would be nice if the company said what is happening. Any new contracts for example?
Will this week's AGM offer a shred of positive outlook, or will it be literally a wind up?
There's many a slip betwixt cup and lip but I continue to hold in the hope of a 10-bagger after all the dust has settled.
Possibly a 100-bagger - who knows? Mr Market continues to take a dim view. 99.9% of the herd have never heard of IIP so it will be interesting to see what happens if they ever arrive.
Infrastructure India PLC saw a third knocked off its market value at one stage on Wednesday, with its stock hitting an intraday low of 20p before rebounding to 40p around the session end.
The volatility followed the joint release of the AIM-quoted infrastructure fund’s 2022 year-end and 2023 half-year results.
As of 30 September 2022, the value of the group's investments was £194.1mln compared to £263.1mln as of 30 September 2021.
The first half of the fiscal year was dominated by discussions and due diligence around the sale of Indian Energy Limited (IEL).
Infrastructure India currently has a market capitalisation of £2.7mln.
Binary Bet remains Intact
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Pleased to see you remain positive Geng. Also interested to see you are a Chartist judging by your comments elsewhere.
No further comment! I dunno. Reminds me of the English Civil War for some reason. I rely on my guardian angel with a bit of research to support his claims. Only one jackpot is needed to validate my approach. C'mon ZIOC!
Good analysis SteveY1, I was being lazy and took the NAV figure from LSE's fundamentals and hadn't spotted the 13.67p Nav was a year out of date. They've since updated it to -6.68p, there are also errors in the RNS as one states cash at £0.3M the other at £3m.
Still think this is a good punt as the whole thing could swing positive so easily when the unknown bits are filled in. With MCap so low, many multiples of the current SP are still achievable.
It is a very high risk PUNT!
Thank you very much for your input! Not what I wanted to hear but there is some hope!
Hi beardozer- the latest a/cs (to 03/9/22) show the debt and payables at £289m and the gross assets at £203m , hence the net debt of £86m (minus 5.7p per share). So the assumption is that the initial payment from the sale of DLI will not be enough to cover the debts, which isnt great news. However the current likely structure of the DLI sale is in two stages, with only the first part of the consideration in the above figures and then a deferred payment (subject to perf over an unknown period), which needs to be over £86m for the shareholders to get anything back here. IIP havent revealed this figure or the DLI deal details as yet and they have other parties who may buy DLI on better terms hopefully. This ignore the smaller assets which may bring in £18.5m but DLI is the major asset here. Im a LTH but cant add more as its impossible to value the co based on the above state of affairs. I hope this helps.
Agreed this is a binary bet! I only wish I'd trained as an accountant as I'm sure I'm missing something as I hope is Mr Market.
Bottom value for DLI is £144m and net liabilities are £86m so I presume the £58m difference will accrue to shareholders?
Impossible to buy in any quantity so good luck to the herd! Managed to increase my holding by 55% by buying another 130,000 shares.
There's very little free stock and small trades can move the price significantly. I guess the MM's overcooked the drop this AM and have had to increase things. The bid is now 50% higher than the open, negligible sells, but a few small buys pushed them back.
They have more Cash in hand than current MCap and Nav is circa 13p per share!
This is truly one of those AIM binary bets. If they sell more, all assets, or even the company and return the cash to Shareholders it will be somewhere between 10-30x current SP, or possibly more.
It's gone from a very attractive opening 0.2-0.386p to a equally attractive 0.3045-0.498p.
I'm staggered some people have been brave enough to buy in. They need some rise to get their money back let alone a profit
"The proposed transaction is structured in two parts, with a deferred consideration - not included in the valuation - which the Directors expect to have a positive impact on net assets in due course. The Board will be making further announcements as and when appropriate."
Sounds like there has been a bit of 'kitchen sinking' by deferring a quite large chunk of cash into the next period. Maybe being prepared for sale of the whole lot?
Seems we are closing In on Doom OR Boom.
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Thank you for your opinion! Are we studying the same companies? Obviously, they're all binary bets - end of discussion.
The "hidden value" is in the possible outcome. My great hope is ZIOC which is looking a lot rosier since the change in control. Second hope is LOGP assuming the Irish Government sees sense. Who knows how much oil is down there? If KP2 can develop their potash mine then I'll be happy. ORR is either the new GGP or it isn't! RCH needs a more dynamic Management! TWD has since collapsed but I'm tempted to invest more! I'm still surviving after what other investors may see as reckless investing.
The "guidance" is a bit of a misnomer! Because of the debt, the NAV is going to be extremely choppy. Think I will pass on this one unless it sinks a lot over the coming days and weeks. I wouldn't mind if the outcome was in management's control per se but it looks like all net proceeds exceeding the debt are contingent upon future performance measures that a). might not occur and b). should they do, might take a very long time. We still have seven figures of equity value here and there's a strong argument that it should be in the five or six figures after today's announcement. Got lucky with this one as I put it on the watchlist and never came round to buying. Feel sorry for long-term shareholders who must be incredibly frustrated with the lack of information and the resulting capital impairment.
Yet another announcement announcing absolutely sod all. Like sticking a finger in an open wound to see if it still hurts.
So today`s diatribe of possibility is Interesting Indeed, strange wording .
Outstanding Sonny