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Not to go over old ground again but the UK stockmarket has been our of favour since Brexit; I'm afraid Boris doesn't win any plaudits either (regardless of what he said, the UK stockmarket still declined).
Personally, I think it's a combination of the 2008 banking crisis and the subsequent new solvency rules (which has seen pension funds moving increasingly into bonds) and Brexit (however you like to cut it, the City's "domain" has been reduced by Brexit and it's longer the destination for companies that want to trade in the EU). The EU bourses have made inroads into the City's territory and although the impact may not be as significant as once might have been feared, has still none the less helped to undermine the City. You could also perhaps throw the ongoing demise of the Hong Kong stock exchange into the mix too; given the historic ties between London and Hong Kong, and the continuing shift to Shanghai, London is not quite the international centre it once was.
However, at the end of the day, if British private investors continue to chase their rainbows in the US etc. then it becomes an increasingly uphill battle and I think it's about time that the government removed the tax-free incentive to invest offshore via ISAs (personally I'd stop any new overseas investments being made in existing ISAs and, perhaps, introduce transitional rules to force ISA holders to divest of their existing overseas holdings at some point in the next, say, ten years). UK PIs might not like it at first but if money is re-redirected from (say) the US market into the UK market then we should start to see some recovery in UK equities (the price rises in the US are, in part, being driven by cash rather than fundamentals). At the end of the day, if UK investors choose to forego ISAs, in preference to ordinary share trading accounts, going forward then the tax generated can be used to pay down the National Debt.
Zotefoams looks interesting too at this time. Low valuation yet on cusp of major recycling initiative with global packaging supplier. Too many excellent UK firms at worryingly low MCaps given outlook. Just no institutional or government support. 2p off income tax isn't going solve the underlying problems. Love or hate Boris, at least he kept UK industry in the limelight on the world stagee.
This time its Spirent.....the Tories have made LSE the bargain basement of teh world for companies shopping for acquisitons. Barely a week goes by...
Totally agree. The Conservatives were the custodians of progressive British industry but they have lost control of the drivers that keeps the market buoyant. Solid companies are subject to such over-regulation that the pension funds are just hoarding bonds. It is strangling the UK. All the promises and possibilities afforded by Brexit have been squandered and wasted. Dismal. The chances of a Tory re-election are miniscule. What a complete waste of opportunity.
The complete lack of institutional support for UK stock market is just extraordinary. The Tories have completed messed up our capital markets with excessive regulations, taxes etc.....and they can't blame Labour. We now have the absurd situation where Small & Mid cap Indexes have been abandoned by the large insurance companies, pension funds etc... leaving them as nothing more than trading stocks where the fundamentals don't matter.
Agreed. It's actually c 360/374 but that is still far too wide for a company of this size. Come on MMs tighten it.
What is going on with the Bid/Ask spread at over 7%. It is a company worth 1/5 Billion, behaving like It is like a 10mil microcap! Crazy times!
"The initiative's objective is to ensure that all packaging is reusable or recyclable in an economically feasible way by 2030."
EPRS_BRI(2023)745707_EN.pdf
'Economically feasible' recycling is where LPB solutions seriously fall down. It is costly. Also, the recycled LPB fibres cannot often be re-used in a 'closed loop' system but must find secondary products instead e.g textiles
Late reported trades of £55.95k and £25.07.
These are not mine, but I did buy two tranches yesterday. 374.0 matches my best price so I think both trades would be BUYS.
Shown as a sell. It was a buy (mine)
Q1 is start of ReZorce commercial roll out with global packager....
Compared to conventional carton packaging for liquid food, the energy consumption in manufacturing, filling and transporting Rezorce cartons is 5 times lower. Production requires 11 times less water and the global warming potential – assuming recycling – is 50% lower
A very fine full year trading update RNS. Its a good company with a global growth opportunity with its Rezorce packaging trials - fingers crossed that goes well.
From July 2023 this synopsis highlights developments scheduled for early 2024.
The initial scope of the agreement – which will run until early 2024 - will see Zotefoams ReZorce® monomaterial beverage carton packaging further developed in conjunction with the partner for in-market trials with a major European retailer.
The partnership is significant, given that at present drinks packaging such as Tetra Pak remains hard to recycle, with many councils in the UK only able to do where specialist infrastructure is in place.
Zotefoams’ ReZorce offers clear advantages over such existing laminated packaging, being recyclable using existing, standard recycling streams. And by incorporating 30% recycled materials, ReZorce also delivers a lower carbon footprint.
The packaging can also be processed using existing packaging and filling equipment, meaning customers won’t need to invest in new machinery to begin using it. In combination, that should make it an attractive option for retailers and beverage producers looking to lower their carbon footprint in a cost-effective manner.
“As we have continued our development efforts, it has become clear that demand for a sustainable alternative material for beverage cartons is significant and in line with our initial market assessment,” said Zotefoams CEO David Stirling.
Should the in-market trials prove successful, Zotefoams’ foray into drinks packaging presents a major opportunity, with the beverage packaging market expected to grow from $148bn in 2021 to $189bn by 2026, of which the European and North American carton market represents around $11bn a year.
In particular, increasingly stringent environmental legislation around waste means this growth will be driven by rising demand for sustainable packaging alternatives.
Although commercial confidentiality meant the company gave no details of the partner, potential partners could include Tetra Laval, which sells €12.5bn of Tetra Pak each year, and Finland’s Stora Enso, a €9bn producer of renewable materials including packaging
This great news from Nike should now be swiftly followed by initial commercial roll out of ReZorce. Potential customer fast track trials with global packaging company using Zotefoams test facility are scheduled for Q1. Exciting times ahead in 2024.
BGF investment management ltd is a new holder . worth checking out who they are as quite encouraging
Big buys from Pershings, Shroeders and a few smaller ones by me.
Holding in company RNS will be interesting. Assume y`day seller was Invesco .
Good spot and thanks for flagging
£14,000,000 trade just gone through. Over 5million shares. That is some hefty volume. Hoping that now a big seller is cleared we might see the SP head back up again!
Agree with the Nike and airline comments but font underestimate the traction and scale of ReZorce following the November award.
27 November 2023 - Zotefoams, a world leader in cellular materials technology, is pleased to announce that ReZorce® mono-material barrier packaging has been named Best Recycled Plastic Product of the Year at the 2023 Plastics Industry Awards.
This acknowledgement plus the tie-in with a global packaging manufacturer is the culmination of 3 years exhaustive research and in house trials. Zotefoams has put considerable resources into ReZorce and that should bear fruit from early 2024, escalating as early adopters see commercial roll out. This has a lot of momentum based on trials which is a precursor to uptake across the industry. It would have been pulled a year ago had commercial success not been predictable. The fact that it is directly transferable to existing packaging lines requiring no big Capex by end users is a major selling point.
One is getting ahead of oneself methinks. Commercial trials of ReZorce are due to commence in Q1 2024 according to ZTF's trading update in November. Limited commercial trials are not the same as a full blown commercial roll-out. Hopefully the former will lead to the latter but we shouldn't count our chickens just yet. Meanwhile the shoe contract with Nike seems to be going from strength to strength and commercial aeroplane manufacturing seems to be picking up; both of which should augur well for 2024, even without ReZorce entering commercial manufacturing.
Q1 2024 sees commercial roll out of totally recyclable drinks packaging with global major packaging supplier. No Capex required for user implementation but immediate green upgrade for business end user. Perfect trigger for value upgrade here.