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Started: Ohforthesea, 11 Jun 2024 10:17
Last post: theboyg, 11 Jun 2024 11:12
Dropped 10% after same rise . I wonder what’s coming
Https://www.investormeetcompany.com/ip-group-plc/register-investor
Link for virtual attendance.
Started: Desertsands, 29 May 2024 15:11
Last post: Desertsands, 29 May 2024 15:11
Last post: Desertsands, 15 May 2024 17:22
Let’s hope so ….. been a long time coming.
At last, a little bit of positive SP movement. Could this be the buyback finally making an impact?
Started: Desertsands, 3 May 2024 12:44
Last post: Desertsands, 3 May 2024 12:44
Deutsche Bank initiates IP Group with 'buy' - target 100 pence
Whether you hold much store in broker upgrades or not, we still like to see a buy recommendation when it appears ….
Started: Agricore, 17 Mar 2024 11:23
Last post: You_Having_a_Laugh, 29 Apr 2024 11:45
So what? where is the price appreciation?
you sound like a ramper.
where's the beef?
I sold into it at 10.22.. 52k odd shares showing as unknown. off to
So when will it show up in the price of so strong?
IPO still down for the day.
L2 looks great
Strong buying?
Started: Argadargada, 13 Mar 2024 11:33
Last post: skid35, 17 Mar 2024 11:30
Arg.
I speak with a lot of people at work on this, one recently went to tokomak, on both the engineering and the science. All reckon mid 30s, US I would say is leading with recent advances.
No doubt the UK will be the brains here and then not have a clue on commercialisation.
According to the Telegraph fusion energy may be closer than everyone thinks, maybe even before the end of the 2020’s. The UK is apparently leading the race to produce limitless energy from fusion with 2 main start-up companies - First Light and Tokomak Energy. IP Group owns 27.5% of First Light!
https://www.telegraph.co.uk/business/2024/03/13/nuclear-fusion-energy-britain-grid-sooner-than-you-think/
Started: Troajan, 26 Feb 2024 15:58
Last post: Troajan, 26 Feb 2024 16:32
Dunno what went on there JWBellamy,but an holdings rns must be due now.
i can remember when baron,was a poster on hawk,about 12 years,when he was a poster,on lse.
85 million atm?
Started: Desertsands, 30 Jan 2024 19:48
Last post: Desertsands, 30 Jan 2024 19:48
Realeased out of trading hours ….. I always think it’s cowardly when companies time their releases thus……
Started: EdwardSeaton, 18 Dec 2023 12:48
Last post: Graffiti, 18 Dec 2023 19:44
Today's share buy-back announcement looks like a typical investment trust strategy to scenarios where the SP falls significantly below the underlying NAV.
Like many, I've been worried as to how realistic the declared NAV for IPO is in reality. So, I am pleased with today's announcement because it shows confidence from management on the realistic setting of the NAV - if it really is 1.26 per share, why would you NOT buy back shares at 50p, particularly when you have gross cash of £235M and have made cash realisations of £38M?
My view is that, as interest rates fall over the next year or so, the NAV should naturally rise (ignoring the impacts of value inflection events at investee companies) and the gap between it and the SP narrow.
I don't tend to put large amounts of money into riskier stocks such as IPO, so I probably won't top up, but I will certainly maintain my holding until it's at least north of £1.00 a share.
NAV at H1 was 126pps.
A significant buy back makes very good sense.
Started: Desertsands, 29 Nov 2023 20:47
Last post: Desertsands, 29 Nov 2023 20:47
Started: EdwardSeaton, 16 Nov 2023 09:48
Last post: You_Having_a_Laugh, 16 Nov 2023 14:27
IPO wasted money on that waffle.
Just watching the excruciating ESG presentation live.
One reassurance is that Greg Smith is visibly appalled by the rambling virtue-waffle.
Started: Desertsands, 15 Nov 2023 08:15
Last post: Desertsands, 15 Nov 2023 08:15
Started: Desertsands, 14 Nov 2023 11:25
Last post: Desertsands, 14 Nov 2023 11:25
This is good news….. it’s been so quiet recently that I was wondering if anything was lurking in the background.
Last post: Deadly4U, 10 Nov 2023 22:46
Market is valuing the firm on the potential future cashflows of all the companies it's invested in. Currently most of them are burning capital and discounting their potential future cashflows at the current rates means relative value has shrunk drastically. Essentially IPO is a bet on innovation and science, markets prefer certainty :)
Most of the ventures seem private firms. If they wanted to sell ONT they would not get 200p. They would likely have to accept below that price. 180p or less? Unless ONT suddenly showed it was worth several billion. For a 1.7bn firm it's turning over less than 86m in H1 with a 70m loss. 10% of ONT is about 170m. Meaning the other investments worth about 300m here. Market is valuing firm at it's cash and cash equivalent, value.
Price is a function of liquidity, not value
ONT near 200p. Even IPO seem to be reducing at 200p or so.
Mirriad advertising 5 years ago was close to 63p. Now 1-2p.
Where is IPO's main star for the future now? 60p was supposed to be bargain level? Where is the floor here? 40-44p? Maybe the directors know something the market don't.
Started: Desertsands, 28 Sep 2023 20:40
Last post: damofarl, 8 Oct 2023 22:35
The SAYE price looks about right. They are normally set at a discount to SP on the determination date, which is normally about 3 months prior to first start date. If you take 20% off the SP around that time you get the 49p strike price
Getting there! Anyone have any thoughts if IPO is even possible as a takeover target? These levels seem pretty good...
Quite a difference in the SAYE price and the share price as per RNS.
Started: Agricore, 2 Aug 2023 08:00
Last post: Agricore, 2 Aug 2023 08:00
Alot of great content to absorb but the summary position is:
1. On a constant currency basis, and considering ONT which post period has largely recovered its price point then H1 has stabilised the NAV. The "loss" of 10p/NAV share is more like 2p once you factor this in.
2. The discount to NAV remains substantial and based on what risk on unrealised loss exactly?
3. In fact a very interesting chart is the Portfolio funding position where 57% of the value of the market cap (33% of the portfolio) is already trading profitably
4. Another interesting fact is if you take the market cap (£622m) and deduct a/ cash b/ listed holdings c/ those who've had a fundraising event within 12 months then that's 82.3% of the portfolio. So of the remainder (that's £690.6m worth of investments) 86.3% could be WORTHLESS and the NAV would STILL cover today's market cap.
In other words IPO is cheap.
But is it a buy just because it's cheap?
Greg Smith explains why there's more to it than cheap: "The opportunity for value creation in our portfolio remains compelling. Double-digit revenue growth in our largest deeptech and healthcare companies is evidence of continued strong demand for their products and services. Our therapeutics portfolio includes twelve companies with products in clinical trials, seven of which are targeting key inflection points in the next 18 months. Breakthrough cleantech businesses, such as Hysata, have delivered technical milestones and commercial demand. The Group is well-positioned to support these businesses and deliver strong, impactful returns for all stakeholders over time."
GLA
Started: dissipline, 15 Feb 2023 12:06
Last post: Jurado, 17 Jul 2023 13:27
Good to see Oxford Nanopore up 12 per cent today on solid trading figures. I rarely look in on IP. and had forgotten we still seem to own 10 per cent of ONT. A bit more jam today for them has to be good for us - that's the reason for being here.
Chart position, break, of sp, above previous day high. Positive divergence on macd() indicator and Relative strength indicator (RSI). Separating Bollinger bands, indicate a fast sp, movement. The medium term down trendline is at 60, so that could be viewed as a price target, although price is overdue to break the trendline upwards. Profit taking might be considered when the upper Bollinger band begins to stop rising.
True, this is not a quick one. But, the we'd love to see movement upwards (be it slow) rather than downwards.
Agricore; totally agree with your post. If you want a quick buck, this isn't it, but long term there is immense value here.
When RPS reduce their shareholding materially, then I'll take notice/concern. They don't invest to flip for a margin, they invest for the longer turn, for sustained growth, and their record in this regard is exemplary. I like them, am sitting on a chunky SP loss. Despite this, I like them, haven't sold a single share. Patience will out here.
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
Started: Agricore, 6 Jul 2023 21:54
Last post: Agricore, 6 Jul 2023 21:54
As a holder of both IX and IPO, today's news of a £10m upround with BP participating caused IX to rise by 110% (settling at +90% at close). The announcement caused the NAV to more than double (so even at a +90% share price its discount to NAV this evening is greater than it was 24 hours away before its announcement. The types of holdings in IX are not dissimilar to the decarbonisation holdings here (e.g. Oxccu/Hysata). In fact I've just checked and there was an A series round 1 month ago for Sustainable Aviation Fuel with participation by ENI! See: https://www.ipgroupplc.com/news-and-events/portfolio-news/2023/2023-06-07
It's tangible proof of the hidden value due to the US's IRA (inflation reduction act) creating vast opportunities for decarbonisation opps like IPO's OXCCU or Hysata, where the EU and other countries are copying the US to drive up incentives.
This should be incredibly positive for IP Group!
Started: cefncribwr, 12 Mar 2023 11:54
Last post: cefncribwr, 13 Mar 2023 14:26
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.
Started: Bard1, 12 Jan 2023 12:15
Last post: volcano, 8 Feb 2023 16:00
i would settle for a £1
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.
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.
Started: jimbo123elf, 25 Jan 2023 08:31
Last post: jimbo123elf, 25 Jan 2023 08:31
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
Started: Agricore, 12 Jan 2023 22:11
Last post: Agricore, 12 Jan 2023 22:11
https://twitter.com/IPGroupplc/status/1611027712029622274/photo/1
The tweet scrolls across 4 slides. Lots of high potential holdings in DeepTech, CleanTech and Health.
Started: Graffiti, 29 Dec 2022 18:48
Last post: volcano, 12 Jan 2023 08:17
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
Started: Agricore, 16 Dec 2022 18:26
Last post: Agricore, 16 Dec 2022 18:28
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
Last post: Dunk_Biscuit, 14 Dec 2022 09:44
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?