The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Snaffle,
You think this share will be fully liquidated? That doesn’t sound good? When’s the best time to sell??? Lol
Good Post. What is your expectation on hearing positive news on Federated Wireless?
NuckyT,
This share is all about NAV and its current ratio to the Market Cap. By that I mean, even by conservative estimates (post Haweye divi), Federated Wireless not yet commercialised, but seemingly imminent and positive signals but early stages of the rest of the portfolio then the NAV is at around 70-75p a share leaving a good margin for error against current share price and lots of headroom if the tech, particularly that of FedWireless, goes global . I may have been unclear below, i dont think the risk is medium, i think it is low to medium on a medium term investment (medium term, lets say 18months may see this share fully liquidated which it seems is the current plan, hence importance of understanding the NAV of Allied Minds).
Personally I feel Federated Wireless is worth far more and if the company holds out for the tech to roll out through 2020 then that alone could easily be multiples of current overall share price. A bid for it could be made at any point though (like the other assets) and there is a lot of money and big players in the CBRS space working with Federated Wireless.
Cash 55million now.
NAV around 73p at this moment.
Does not take into consideration the potential of Federated Wireless which I expect big news in the near term
Really?
Whilst we're on the topic, what do we think NAV is currently and where is cash position post dividend. This looks extremely cheap given my calculations!
Snaffle, in all my years I’ve never heard the acronym NAV until reading this board. Thanks though!
Why do you say the risk is medium? )
NuckyT,
NAV = Net Asset Value, fundamental to understand before investing anywhere (up there with Market Cap). I can see why you would regard the share as a "punt"not understanding this (accepting every share has a risk). There are some good websites out there to learn from, start here imo: https://www.investopedia.com/financial-term-dictionary-4769738
The risk vs reward on this share for a medium term investment is more than acceptable and indeed attractive (for me).
Nuckyt your post I wish it goes to you top value think this will just fade away had this one since the famous de funked fund manager was in his prime , I was a lamb to the slaughter :-(
Geordieshore, so you bought just over 10,000 shares? This share is a bit of a punt. As long as you don’t lose all your investment you’re winning with this one. On the other hand it could go to £4 in a week. Enjoy the stress..
What’s NAV?
Prior to dividend announcement; sp = 50p and NAV = 83p >>> Discount to NAV = 40%
Today’s close; sp = 41.2p and NAV = 70.4p >>> Discount to NAV = 41.5%
The more things change, the more they stay the same.
I just bought in today at 42p.
I bought in November at 52p. I when they hit 56p on Tuesday I was £334 up.
Today I am £986 down. I will get £1,202 in dividends which gives me a profit of of £216.
So I am £118 worse off than I would have been if I had sold them on Tuesday.
If I had sold at 8:15am today for 44.4p I would only be down £770 which is £210 better than where I am now now. £210 plus £216 is £426 which would be my profit.
I know dividends are a complicated subject and that the idea is the share should rise back to where it was over the next couple of months meaning I should make another £900 in theory.
Remember these were 56 pence on just Tuesday this week and they are now 42 which means they have dropped 14 pence. The dividend was only 12.6 pence which makes you wonder if it's all worth it...