The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
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Sell CDT and use a professional trader to make them some money.
VELA could have sold some at $5 and over but decided not to......
I agree, we need to sell CDT and get the funds into something else, ideally something that will produce a return!
Some good early buys today.
Re the CDT chat, their quarterly is not great at all, but you’ll see similar going concern wording in all the previous docs too. Nothing new. Only new ‘bad’ news is the apparent paucity of new news.
Looks like we’ll have company soon with SYME in the 1’s also now!
For once Joe I actually agree with you. Sell now and get the money in the bank. I have always hoped CDT would come too the rescue. Now I think they Should take the money and run.
Best thing Vela can do is just SELL UP.
On May 10, 2024, Adam Sragovicz informed the Board of Directors of his intention to resign as Chief Financial Officer of the Company.
A fraudster ?
Well done Vela 👏
Not a great tead
The Company’s expectation is to generate operating losses and negative operating cash flows in the future and will need additional funding to support its current business plan. Management’s plans to alleviate the conditions that raise substantial doubt include the pursuit of additional cash resources through public or private equity or debt financings. There is no assurance that such funding will be available when needed or on acceptable terms. If additional funding is not available when required, the Company would need to delay or curtail its operations and its research and development activities until such funding is received, all of which could have a material adverse effect on the Company and its financial condition.
CDT are FCKED. And so are Vela shareholders.
https://s3.amazonaws.com/sec.irpass.cc/2892/0001493152-24-019230.htm
Disappointed with the lack of activity and price movement today. There are increasingly some good signs, but the high dependency we now have on CDT ( which will be a godsend when CDT soars higher than $5 and beyond) is currently dragging us down as it circles three and then dips below. People are finding good investment odds elsewhere and the higher volumes on CDT suggest boredom sales aplenty. Scratching my head but remaining patient.
I’m afraid it’s not looking great with CDT. Just par returns for a while. Nothing much going on with clinical trials.
Not yet
CDT just can't get going. Back under $3
At current exchange rate every 1 cent change in CDT is £8,009 plus or minus
1p change for Ensilca £6,667, CODE £3,475, SKL £6,257 etc etc.
Knowing the size of holdings ( and hopefully this will be updated regularly) will help hugely in valuing VELA and might attract investors back who have lost faith.
If we only owned CDT and VELA's price matched that of CDT's we should be at 0.015p
If they had sold Mode at 75p also.
If they had sold ensillica at 70p plus they would have looked shrewd.
Would like to see the portfolio refined further still. There are several other shares that could be exited. Bring it around 10 in total and then focus on these core shares. No need for new investments at this stage, more frequent trading activity is required to maximise returns.
Excluding Aeristech WeShop and MODE I make the current live investments of UK based investments around £1.64 millon = just shy of 0.01p per share without CDT ( at time of writing)
CDT holding currently at £2.47 million = 0.015p
So all the live investments together should give a share price of 0.025p+ on their own.
We are definitely undervalued
Assuming these values are now correct. I make it that we have sold the following ( i may have missed some disposals previously):
CSFS - sold 110,000 shares
MTI - sold 50,000 shares
SKLS - Sold 50k shares
CODE - sold 2.5k shares
Agree on the rest. My updated investment value is - £5m. Obviously we have no idea of what our cash balance is, should find out more when the quarterly comes out soon. Nice to have the website updated!!
Aeristech could do with IPO at some stage this year?!
All at the time of writing.
MODE is now R8 Capital Investments and suspended, but could see a good return when the merger with Redwood Bank completes in late summer
https://www.lse.co.uk/rns/MODE/proposed-transaction-and-suspension-of-listing-fe0d0y6sza6ses2.html
Mode the first investment in the list, with a link to a non functional website. I never liked the Mode investment to be fair, I wish i'd let it put me off this share! Still I have faith that this will go up at some point, just a waiting game I guess.
That’s good news ! We can get a clear value if the investments now . Calculators out ! :)