Sapan Gai, CCO at Sovereign Metals, discusses their superior graphite test results. Watch the video here.
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Another comparison for the 'intelligent investor' (sorry Chilston!):
1. Yolo Leisure & Technology PLC (YOLO) 14.0p Market cap. £10.1M.
146.05% premium to last published NAV.
3rd Dec 2019 7:00 am RNS Final Results
" ... As at 30 September 2019, gross assets were £2,995,972 (2018: £3,441,504) and the net fair value of investments held was £2,684,091 (2018: £3,083,995). Total net assets were £2,968,527 (2018: £3,408,811) which represents 5.69 (2018: 7.72) pence per share. ... "
https://www.lse.co.uk/rns/YOLO/final-results-d61wub55uftexwd.html
2. FastForward Innovations Ltd. (FFWD) 6.2p Market cap. £10.01M.
47.50% discount to last published NAV.
11th Sep 2019 8:00 am RNS FastForward Inn Ltd - Results for the year ended 31st March 2019
" ... The net assets of the Company at 31 March 2019 were £19,072,000 (2018:£13,534,000), equal to net assets of 11.81p per Ordinary Share (2018:10.18p per Ordinary Share). ... "
https://www.lse.co.uk/rns/FFWD/fastforward-inn-ltd-results-for-the-year-ended-31st-march-2019-zrk1qpvbcpsjais.html
If FFWD was trading at YOLO's premium, FFWD's s.p. would be 29.11p.
Matching
Very clever by the MMs
Lol.
They switched it up that time.
Buys of 141,387 and 54,671.......both flagged as sells instead of buys.
Then drop the sell in of 200,000 afterwards.
So basically no real difference in buying or selling but it looks like three big sells finishing with the biggest at the lowest price.
Properly trying to spook people into selling it seems.
So am I...
Ignoring the last sell (that’s a buy) the sells are all matched by a buy.
I'm enjoying watching the trading games again.
Bung through some larger trades flagged as sells in red to make it look like it's pulling back......(then buy them back also in large trades flagged red as sells because they're below the midprice).
Remember this classic quote from Benjamin Graham, the father of value investing:
“In the short run, the market is a voting machine but in the long run, it is a weighing machine.”
https://www.goodreads.com/quotes/831517-in-the-short-run-the-market-is-a-voting-machine
Ben Graham was of course the author of the "The Intelligent Investor", one of Warren Buffett's three favoutire books.
This is no good at all hedgehog we don’t have anyone with intelligence on this board. Please dumb down for Longlad please
FFWD's stellar track record of NAV increase:
31.3.15: 1.69p per share
31.3.16: 7.85p per share
31.3.17: 7.60p per share
31.3.18: 10.18p per share
31.3.19: 11.81p per share
= A 6.988 fold increase in four years.
And FFWD's last fundraising was at a 27.7% premium to NAV per share. -
FastForward raising a crisp £4m through placing
Fri, 3rd Aug 2018 10:43
"(Sharecast News) - FastForward Innovations has agreed to place 30,769,230 new ordinary shares at a price of 13p each with a number of new and existing investors, it announced on Friday, raising gross proceeds of £4m before expenses.
The AIM-traded firm said the placing price represented a premium of about 27.7% to its most recently published net asset value per share of 10.18p. ..."
https://www.lse.co.uk/news/FFWD/fastforward-raising-a-crisp-4m-through-placing-f4xe4uyv92tgryq.html
A comparison for the 'intelligent investor':
1. Tern PLC (TERN) 10.0p Market cap. £25.43M.
40.845% premium to last published NAV.
19th Mar 2019 7:00 am EQS Tern PLC: Final results for the year ended 31 December 2018
" ... The net assets of the Company at 31 December 2018 were GBP16,751,773 (2017:
GBP10,580,802). The net assets per ordinary share as at 31 December 2018 were
7.1p (2017: 7.38p). ... "
https://www.lse.co.uk/rns/TERN/tern-plc-final-results-for-the-year-ended-31-december-2018-qys89v18ckd3jlh.html
2. FastForward Innovations Ltd. (FFWD) 5.6p Market cap. £9.04M.
52.583% discount to last published NAV.
11th Sep 2019 8:00 am RNS FastForward Inn Ltd - Results for the year ended 31st March 2019
" ... The net assets of the Company at 31 March 2019 were GBP19,072,000 (2018:GBP13,534,000), equal to net assets of 11.81p per Ordinary Share (2018:10.18p per Ordinary Share). ... "
https://www.lse.co.uk/rns/FFWD/fastforward-inn-ltd-results-for-the-year-ended-31st-march-2019-zrk1qpvbcpsjais.html
If FFWD was trading at TERN's premium, FFWD's s.p. would be 16.63p.