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we all have our valuation of what a company should be. I happen to think the valuation here is approximately 100mln too much, as I see no viable business, no trustworthy management, and basically, no capital in a business, which if it were to work, would need billions. So is essence, nice idea, wrong company to do it, and chance of success is minimal, as we have seen so far. ie company long on promises, and short on delivery. The other way round is optimal.
My agenda is to find out why this share is valued at 100mln quid. Its either the cheapest share on the LSE or the most ludicrously overvalued in history. From what I've seen, I favour the latter, but happy to be proved wrong, if anyone is capable.
I dont get this company. Basically, it seems to me, they just want to lend money to companies that need cash, secured against inventory. Big companies like Apple have more cash than the US Government, and many top companies also have large cash piles, so just wouldnt need a service like this. What are you left with? Small companies with questionable credit worthiness. If the major banks havnt offered this type of service, why does anyone think this tiddler can succeed? Its potentially a nice idea, but in practice, I think it has a snowballs chance down below.
Is irrelevant and expected. This bank is well capitalised and has serious backers. Buying at current levels is as big a gift as the market will ever give anyone imvso. I have loaded up, have a stop at 150, and a limit of 395. I expect the latter to be filled by Halloween.
It certainly appears to be, now. Unfortunately, no one has faith in the clown that runs 8PG.
I seem to recall in a recent proactive interview, he explained he wasnt taking the company private. he just knows an outstanding bargain when he sees one. Will try and dig it out when possible.