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Next goes ex-div 11th Aug and payment 26th Sep
30th June was the payment date.
Not sure if anyone can answer but was there s dividend payout?
If it hasnt been paid yet when is it due?
Yeh the issue is that us poor mortals/onlookers have no way to gauge a "real" NAV with this stuff. Still looks pretty cheap, probably double down in a while.
Cor! IPO now priced at less than 50% of its growing NAV where it holds plenty of cash to runway its holdings to profitability
Interesting move by IP Group to create an autonomous early stage fund. The idea being this incubator feeds later stage companies into the IP Group main engine once they've reached sufficient maturity. It's a good idea, and I can foresee a renewed emphasis on greentech in the coming months/year. IEA announced this morning we are off target; extreme weather events and food shortages will drive a renewed emphasis for example. On which cheerful note here's an article about Kiko!
https://tech.eu/2022/06/22/ftse-listed-ip-group-spins-out-kiko-ventures-a-new-450-million-climate-tech-fund
GLA
Today's announcement of £1.39 NAV (as at 31/05) exceeds expectations. The continuing weakness in ONT is an issue although nothing there has changed. In fact the situation has improved somewhat and ONT is still growing strongly and aiming for b/even for 2026.
https://nanoporetech.com/sites/default/files/s3/investors/reports/ONT%20FY21%20Results%20Presentation%20FINAL%2022-3-22.pdf
Meanwhile there are lots of exciting developments (and uplifts) in other parts of IP group's portfolio e.g. Bramble.
taking the profits
up we go , nice
ONT is helping big way today again
The negativity around IPO really surprises me. It's cash rich and a number of its holdings could be the next ONT. And yes ONT has fallen in the general negative biotech market, but look at the company's recent updates:
Last Friday:
https://www.ipgroupplc.com/media/portfolio-news/2022/2022-05-13
And prior to this in April with Genomics England:
https://www.genomicsengland.co.uk/initiatives/100000-genomes-project
This technology is world class and when you consider it's growing fast, has a cash pile of ~£500m is not that far away from EBITDA break even (they could achieve that in 2022 or worst 2023 by curtailing R&D)
This is the recent ONT presentation on their 2021 performance. When you strip out covid testing then you are still seeing rapid growth, and forecast continued growth.
https://nanoporetech.com/sites/default/files/s3/investors/reports/ONT%20FY21%20Results%20Presentation%20FINAL%2022-3-22.pdf
And that's just one holding. Then you have numerous Cleantech and Deeptech investments, plus other Lifesciences like Artios.
And it's not just pie in the sky hope for the future either. It's 2021 results were Profit *AFTER* tax of £449m. Today the market cap of IPO is £832m. So it's trading on a 2021 PE of 1.85. Where it pays a dvidend is cash rich and is at a discount to its NAV which in itself is book value so conservative.
Like I said at the start - the negativity surprises me. Time will tell.
GLA
not yet mate, ONT is helping today
..and a lot else today. Took some Manolete, which is the best player in the only field guaranteed to coin it in the recession.
Keeping cashy in the ISA for now and may start bottom-fishing in a couple of months.
Total NAV was £1.738bn at YE of which the Portfolio was £1.5bn.
Hence factoring in the 40% Portfolio reduction at mid March Finals reduces the £1.5bn by £0.6bn to £0.9bn.
Taking the £0.6bn off the £1.738bn reduces NAV from 167p to 109p. Oxford has since fallen even further so NAV now just over 100p?
Above a bit simplistic and assumes unlisted have also fallen 40%.
https://www.ipgroupplc.com/our-portfolio/portfolio/hysata
Taken from the annual report. The IPO holding is possibly A$3m-10m".
Australia and New Zealand
The Australian portfolio delivered fair value uplifts of A$14.6m against an opening portfolio of A$12.9m, which included significant funding rounds at Canopus and Alimetry. There are currently 15 investments in the portfolio, including the recently established Hysata, which is developing a highly effective electrolyser as a key enabling technology for the hydrogen transition. Further detail on Hysata, an opportunity that we believe has the potential to become one of our most compelling companies, is provided in the full annual report.
...the IPO investment rationale. Much too cheap SP right now and can see them at multiples of this in a year or two even if they have the occasional disappointment, which is only to be expected in this type of organization. I just hope First Fusion remains independent and IPOs in due course.
looks like we will get 5% today after-all
Just gotta hope that for a change HM Gov dont allow such a scientific opportunity to drift and then be taken up by others
Actually I'd go further as this has been independently verified, this announcement could (emphasis on could at this stage) be the most important news release this millennium - if they can prove a repeatable energy gain outcome, then the world may well be very different - climate change could be tackled (CCS would become viable with a cheaper source of baseload energy) and energy supply should become more universal. Sadly, I'm sure that would present new global issues, but one step at a time
Scientifically it's massive news - whether it turns into a commercial opportunity is for the future
Ok so it’s small news
Doubling the value of the investee company, not IP group overall
‘Doubling of the company value’
‘5p’
That doesn’t make sense. Is this amazing news or just a small increase??
http://hysata.com/news/hysatas-electrolyser-breaks-efficiency-records-enabling-world-beating-green-hydrogen-cost/
One of IPOs investments?