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Fish2, That's simply not true. This is an investment into Life Science and the future value of Life Science Research Tools. Covid diagnostics were a fairly simple application that ONT and other businesses diverted their efforts to help during the initial state of emergency. Surely you must know that?
ONT has a 5+ year horizon so along with most other jam tomorrow stocks it's been heavily sold off. The reality meanwhile, is that genomic sequencing opens up a myriad of health and industrial applications. Take the time to educate yourself at the links below.
I'm very happy that IP Group remain holders of ONT and that due to ignorance, short termism and lack of understanding, can be bought at 55p, earn a dividend of 2.5%, are cash rich, and whose book value are 2.5x and future potential are 25x.
If you strip out cash and listed each share costs a net of 15p to buy 111p worth of assets.... an 88% discount to NAV.
https://nanoporetech.com/sites/default/files/s3/investors/reports/ONT%20FY22%20Presentation%20-%2021%20March%202023.pdf
https://www.edisongroup.com/research/priority-companies-making-progress-in-2022/32172/
GLA
I’m not so sure that Oxford Nanopore is a good investment. Their sales growth was heavily Covid related. The loss and cash outflow are very high with the outlook having no Covid help.
In the end, HSBC and the UK government have done a decent job in rescuing the bank.
I'm guessing that the collapse of SV Bank could hit these shares quite hard on Monday. Lots of start ups had money invested there, quite possibly including companies in which IP Group had holdings.
I didn't see any negative surprises in the update. Effectively the entirety of the loss was driven by the fall in the value of Oxford Nanopore (ONT) shares. Maybe management could have sold some of those shares at £7.00, but then we'd all have been screaming if they'd hit £10.00! I think ONT remains a company with very exciting potential, so I'm happy that IPO remains a holder. It was also good to see that IPO still has £241.5M in cash to fund existing and new companies.
Below the surface, I think there were also some exciting updates on other holdings like First Light Fusion and Istesso.
Most importantly I see that the NAV is stated at 132.9 pence per share as at 31/12/22. So, this continues to trade at a huge discount. There are undoubtedly some gems within the portfolio and with such a wide margin between NAV and share price I'm certainly not going to be selling up any time soon - the only question is whether to top up whilst there is such a big gap!
I wonder what poor results look like? They made a whacking great loss.
results are good, now we want SP to recover.
IP Group plc (LSE: IPO) ("IP Group" or "the Company" or "the Group"), which develops world-changing science and technology businesses across life sciences, technology and cleantech, announces that it intends to publish its annual financial results for the year ended 31 December 2022 on Wednesday 08 March 2023.
There needs to be some more communication with shareholders.
On the upside IC had eps around 24p that was an encouraging upgrade from 7p. Management could be more investor focused.
i would settle for a £1
New announcement. Today we have signed a major new agreement with the UKAEA for the construction of a new facility for our ‘Gain’ demonstrator at Culham.
hxxps://firstlightfusion.com/media/first-light-fusion-signs-agreement-with-uk-atomic-energy-authoritygratulates-nif-on-its-maiden-gain-result-2
Sorry, I meant to type "September 2021".
Agree about needing to break 76p to see any movement .
The down trend started in Jan of 2022 when it broke around £1.10.
The chart now seems to have found a level and making a base. We may have to wait till results to see the spring.
Chart wise so far it loos to be changing for the better. We need to break 76p to start making new uptrend.
The Fusion research is very interesting and it'll be fascinating to see what progress can be made, particularly regarding scalability.
With the price in the short term I guess we'll have to see if it can break up through the downward trend line that started in September.
https://twitter.com/IPGroupplc/status/1611027712029622274/photo/1
The tweet scrolls across 4 slides. Lots of high potential holdings in DeepTech, CleanTech and Health.
NAV around £1.38 ... price 65p that suggests you have a very wide moat.
Could be write offs but I doubt anything near this level. Also nuclear tech is going to explode over the next few years.
Looks like IPO may have some strong tech in that space.
The chart for now looks to be improving we shall see.
IP Group is currently my worst performing share and I'm almost viewing it as a right-off.
The share price is almost exactly the same as when the company was listed nearly twenty years ago and has been steadily tumbling down from its peak of around 270 pence in February 2015.
The market madness of the last few years, and the listing of Oxford Nanopore dragged the share price up, but since then it has been in steady decline. Obviously all stocks have been hammered recently, and tech more so, but IPO just don't seem to have had enough winners on their books for a long time.
All tech, and experimental sciences have long lead times for results, but IPO seems to have so few real success stories.
I was wondering what the consensus on the forum was in relation to performance.
Do people see enough IPO investments showing results in the next few years to move the share price by a significant amount, or have we backed a Lemon?
All the best,
B.
IPO is over 60p now and things are looking very good.
Good to see First Light getting good press coverage on the BBC here:
https://www.bbc.co.uk/news/business-63130593
Just looking at the IPO web site this news feed is worth a read (clearly not all portfolio news is making it to an RNS)
https://www.ipgroupplc.com/media/portfolio-news/all
Investors Chronicle list this as 2nd highest upgraded earnings for the next 12 months (as at 14th December 2022).
https://www.investorschronicle.co.uk/tips-ideas/2002/01/02/latest-update-companies-smashing-broker-forecasts
They claim NTM (next 12 month) earnings are estimated to be 24.1p. It was 7.4p a month ago and 7.1p 3 months ago.
That's a 225% jump.
This is based on however many brokers assessment. (I'm only aware of Edison covering IPO).
Another reason why 56p is ridiculously cheap. The last NAV was 136.7p and there's been a 1.5p uplift since. (RNS 2nd December)
GLA
Here's First Light's reaction to the news .....
https://firstlightfusion.com/media/first-light-fusion-congratulates-nif-on-its-maiden-gain-result
I think First Light will get there way before the time suggested ! Due to their computer modelling. I would expect they will be keen to comment on this news ( to say the least ! ) .
It's to do with the breakthrough with nuclear fusion in the USA experiment . First Light Fusion are on their way down a similar but much cheaper pathway .
https://www.bbc.com/news/science-environment-63950962
A lot of buys today. Good news on the way?