The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
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Seems like an IPO sort of chit chat promotion. Perhaps a summer IPO? Not enough volume of PR to expect much more yet though.
Seems to be a fair amount of buying activity this morning. Very little downside here since the sale of SEV, finances now in good order and still have a 49% stake in SEV US soon to be floated on the Nasdaq.
Adverts for a Buyer and Senior Buyer at the Vigo Centre. A good indication of things picking up. http://www.snorkellift.com/Careers.aspx
Thanks, missed that with my last post here. Cax changed anyway!
It still shows -66% on the Shareprice board, although I cannot see anything translated to here as yet. PPA, my other share, shows +2500% which indicates consolodation and once again, ashows nothing on 'Shareprice' which seems ver misleading.
Dont worry apparently there have been some system updates over the w/e ... LP 29.5p
don't panic. lse on new platform today and all trading sites are cocked
Hey lads, Not sure but Share price.co.uk is showing these 'crashed' to 10p Check it out. Don't want to be alarmist but maybe someone can shed light on this?
A lot of AIM stocks have gone wonky on Google over the weekend - but I hope that's not the real answer :)
as quoted on Google finance; (thanks to ADVFN peeps for spotting it) http://www.google.com/finance?client=ig&q=LON:TAN fingers crossed! what is happening?
Nice to see this hit 30p again, lets hope some sort of IPO news benefits us shareholders, I'm still down, but right now this is probably the most positive I have felt about this share in a long time!
Now if Snorkel can equal that !!! "Terex Corp.'s AWP division reported increased net sales for the fourth quarter of 2010 by $135.8 million, or 66.3 percent, to $340.6 million versus the fourth quarter of 2009. The company said the North American market continued its recovery with increased capital expenditures from rental companies, and the US is showing a specific rebound in demand for aerial work platform equipment. Latin American markets are driving boom and telehandler sales for Terex Corp., with Brazil more than doubling the AWP segment's revenue in the region on a sequential basis. Also contributing to the increased net sales in the quarter was the sale of a portion of the segment's utility rental fleet in the US." http://www.khl.com/magazines/access-lift-and-handlers/detail/item61860/terex-awp-sales-increase-66-3-percent-in-fourth-quarter/ Thanks to totally banjo on Advfn
Of course I mean trucks... quite a change that would have meant. Just making it clear that my numbers were for just one shift. A second shift would improve things greatly.
I thought it was 100 buses per month per shift? 100*12*20=24,000. I was trying to do the first shift at a cost of $4m, second shift taking it up to $6m.
Hmm... it's always nice to dream about big numbers in the truck business, but having been in it 34 years, I recognise some kite flying here! There are some supplier constraints to think of.. battery supply now seems to be solved due to general ramp-up in the supply chain, but take AVIA.. max cab production ever was 19000 a year back in the communist days. With new paint plant (one of the best in EU by the way) the max number of truck cabs painted was 35 /day (for a blue chip external customer).. and this was on 2 shifts. That's a proven capacity of 8400 per annum.. stretch it a bit and one could see 10.000 per annum... It would need a massive investment by Ashok Leyland for AVIA to follow SEV_US to 30000+ trucks per annum... (but wow this would be nice!)
Last week there were all kinds of rumours about more EV's for Hong Kong. Now where is the news ? It does not take that long to sign a deal ? Talk about 'jollies' , They did this when they went to London to sign the Sainsbury's deal. We only found out a week later. On a separate note, where did the £3 million come from ? It wasn't the sale of Smiths and they did not raise that much in the placing. The AWP side must really be pulling the cash in. We could do with an update from our friends on the floor.
industry on the up: http://www.markiteconomics.com/MarkitFiles/Pages/ViewPressRelease.aspx?ID=7606
$80m total running costs for plants plus say $10m global = $90m. If they could make $5k per truck per year that's $120m revenue a year or $30m in profits. $30m*15=$450m. So on a conservative basis I see an IPO happening valuing the company at $500m. Then even if it costs $200m we we own 49% of $300m or $150m = £100m. So add all the parts: £13.6m cash £15m core business £100m SEVUS and you get £130m ish. Share price = £1.30. And that's with conservative listings. If it were the case that people got carried away on IPOs or if the margins are as good as suggested we might expect as much as $1bn. Dilute this with my more conservative $200m and we have 49% of $800m or $400m=£266m giving us in total about £3 per share. Looks good for now. Still agree with me there?
Always a hard shout.. set-up costs. Assuming for 40 -50 per year per shift output operation: - leasing assembly facility in a depressed industrial property market -2500 sq m (25000 sq ft) covered facility plus parking - fit out mainly warehousing, a couple of four post hoists, assembly tooling, forklift, server and office equipment, unloading ramp for containerised truck kits arriving from AVIA.. You could do this intelligently on a set-up budget for 5 -6 million USD tops Running costs.. Your estimate of labour costs $2 m per shift is bang on in my opinion.. so $4m overall looks good, even with a few higher paid supervisors. Don't forget state subsidies too..
Do we get paid royalties by SEVUS? That might help the cash position, because royalties are all profit.
If the core business isn't using up cash, does anyone have any idea what all this cash is going to be used for? If our net cash position from operations changes by nothing over the next two years then we'll be sitting on £13.6m by my counts! Hopefully they'd pay a proportion of that sum out.
I imagine they'll just up the controls on the use of derivatives. As for the trading update. We had: "net cash at 31 December 2010 was £3.6 million". The deal for the $15m was not until after this date so none of that cash is paid into this amount (and this is worth $15m present value). So I get a business summary of: Cash: £13.6m Worth of Core of Tanfield: £10m Total: £23.6m Going for £10m on the basis that it is recovering, but not recovered and this is a typical valuation. So with a market cap of £26.8m we are valuing 49% of the successful SEVUS group at £3.2m making it worth £6.4m. Something tell me people have underestimated the sums of cash involved and the potential value of SEVUS.
http://www.slaughterandmay.com/media/1501266/the-mifid-review-tough-but-necessary-change-or-death-by-a-thousand-rules.pdf Read the more detailed version. It changes large parts.
time we had a kick on been good news after good news of late. And i think the city likes the health of the balance sheet. gl all
did you find anything out about the following link, will it stop us from dealing on the AIM http://share.com/mifidreview