Member Info for Alan-by-the-sea

https://uk.finance.yahoo.com/news/ftse-250-growth-stock-beat-113925321.html

A lot more secure than my Aviva (AV.) on this horrible market day, still needs more PIs to find it, significant part of my portfolio thank goodness. My financials are these, CGEO and TCAP, LGEN is on the watch list.

Don't know if the BoD or their advisors have the stomach to read through here for the gems, but some advice free and gratis, do not waste vital stakeholder cash on London lawyers to follow through with the potential claim against SVS Securities mentioned this morning. I would rather have had honest common-sense to say "have moved on" in the RNS, perhaps that was judged too capitulating. At least they've been prompt after the deadline. I've only done a little corporate law in the distant past, but I'm fairly sure that a (relatively modest) claim would rate alongside trade creditors such as IT suppliers, and below the three administrators, clients and the excellent Financial Services Compensation Scheme (FSCS). Fill in the application forms as an admin task by all means, then anything _p in the Pound is a good surprise if it ever arrives. Lehman Brothers creditors got that, but SVS is/was a different scale and the administration is expensive relative to likely recoverable assets. Please feel free to raise this issue at the AGM if you wish, I am too far from London.

No way of telling, but the administrators (who are not liquidators by the way) could have been buying in the market as and when they discover clients who have prepaid for their shares late in July or on 1-2 August. At 0.075p to buy their duties and possibly cashflow nicely combine. Or perhaps their SVS clients with other brokers are still seeing the instrinsic value at getting in below Mr Aylward's 0.08p, instead of above. Transparency declaration: I have no formal connection to profit from Kodal (except as shareholder), events at SVS Securities or the liquidators.

https://www.sharesmagazine.co.uk/news/shares/lookers-sticks-with-full-year-guidance-despite-car-crash-first-half

I have a little leeway here as I sold out instinctively @ £1.29 a few years ago when I needed cash outside the market. After getting back into a medium holding in 2018 averaging 98p, I bought in a lot more pre-FCA @ 53.2p and around seven thousand more @ 36.6p as smaller top-up post-FCA but pre-director buys. I like the freehold backing and steady dividends so far, getting into cyclicals towards the bottom even with good debt management is always going to be rocky but I'm determined to learn! I haven't got the patience/systems to pinpoint the green shoots of firm recovery, hopefully today is the first step. My best holding for a long time thanks to top-up during earlier panics was TW. but that got the chop this summer, very difficult decision to sell at higher levels with good earnings that may or may not continue, but the cash was needed for LOOK and others. My only other retailers are NXT and PDG.

Pure coincidence, I finish my posting and return to market detail and a commentator far more eloquent than myself is there with some similar sentiments, interesting:
https://uk.finance.yahoo.com/news/looking-stocks-buy-think-ftse-105946340.html

Nicely done on the interims this morning and a prompt "add" reiteration and target from
Bank of Georgia Group BGEO Peel Hunt Add 1,354.50 1,331.00 1,900.00 - Reiterates (when 1331.00)

Shame this FTSE-250 stock is off the radar for many PIs who are very knowledgeable on the UK big four banks, I'm happier to stay here even with the paper minus since my previous posting. Between results, institiutions seem push this up and down based on Fed interest rates, European recession, trade talks, TBCG comparisons, poor early morning liquidity, algorithmic momentum trading, general attitudes of emerging economies either in favour or not. I'm happy to be a longer term holder and secure good safe dividends and good growth prospects from a well-run company with GNP growth in Georgia which is underbanked at present, of course some of the factors above could return to favour also. The main hazards are priced in already at this price, I sleep sounder here than when I had pure UK banking investments.

You may have read my analysis last week three postings down when very little other than legalistic standard statements and verbatim copies were on offer online. It was therefore reassuring that mainstream journalism had the knowledge and dedication to do their job properly and on Monday come up with something along my way of thinking. The SVS clients are compulsory short to medium-term investors for the time being and this probably accounts for less liquidity, some are UFO holders. Hope this helps.

https://www.dailymail.co.uk/money/diyinvesting/article-7338073/Will-money-SVS-Securities-collapse.html

You may have read my analysis last week when very little other than legalistic standard statements and verbatim copies were on offer online. It was therefore reassuring that mainstream journalism had the knowledge and dedication to do their job properly and on Monday come up with something along my way of thinking, the SVS clients are compulsory short to medium-term investors for the time being and this probably accounts for less liquidity, some are BRD holders. Hope this helps.

https://www.dailymail.co.uk/money/diyinvesting/article-7338073/Will-money-SVS-Securities-collapse.html

The RNS on Tuesday available via the links above confirmed something generally known but not specifically announced in that format at present. At Alien Metals, Beaumont Cornish Limited (Nomad) and First Equity Limited (broker) remain of course but SVS Securities Ltd does not as joint broker following FCA involvement.
https://www.fca.org.uk/news/news-stories/svs-securities-plc-enters-administration

Its implications has obviously affected some investors here and others not at all. . My answer to a heartfelt plea for further information on another LSE board received a very welcome response from the individual concerned, so my similar analysis tailored for here may be of interest, with the past a guide for the near future. SVS XO is/was the low-cost dealing arm of the broker who was self-clearing, all CREST holdings held in custody on behalf of SVS clients are currently temporarily frozen for safety.

For the near future, assuming it's not easy with a "new SVS" reborn from the possibly-viable XO part of the company, the administrators will find another authorised broker to take on clients' uncertificated CREST shareholdings. Unless one made expensive personal arrangements not possible with ISA wrapper, UFO individual shareholdings there are pooled with all the other UFO holdings of SVS clients and in principle safe within the custody arrangements of CREST and the London Stock Exchange, unless any shortfalls are identified.

The key factor is how fast the retained staff can split the known UFO CREST holding in question to audit standards between the known SVS clients on the SVS computer, bearing in mind that this has to be done en bloc for every authorised security held via the broker and any mismatches resolved or reported. Once this is done each person's identified portfolio can be transferred to future new broker.

This took longer than some expected at Beaufort Securities in March 2018. But hopefully lessons were learned, and Valuethemarkets.com - the only traceable factual commentary last Friday - suggests whatever is happening over at SVS is not as dramatic as what happened at Beaufort.

The scenario at Beaufort as unveiled since then though unrelated is nevertheless probably of interest & possibly reassuring, with something similar or better in store for SVS private clients:
https://www.pwc.co.uk/services/business-recovery/administrations/beaufort/beaufort-faqs.html

Hope this lot helps, it's an unwanted serious blow for all involved with no positive aspect at all, except that UFO has no cash owing from the debacle.

For all its virtues and faults, SVS Securities did assist UFO in the past to reach relative stability, and their active past support did make the company "over the radar" to a few! I have a medium PI holding (1% of portfolio) and will consider adding a few more again soon to my SIPP from dividends at the current price, before the medium-term fundamentals show properly above the short-term noise of Friday and Mond

The RNS on Tuesday "Update on Broker" available via the links above and its implications has obviously affected some investors here and others not at all. SP Angel Corporate Finance LLP and Turner Pope Investments will continue to act as joint brokers to BlueRock, SVS Securities will not after the FCA involvement there. My answer to a heartfelt plea for further information on another LSE board received a very welcome response from the individual concerned, so my similar analysis tailored for here may be of interest, with the past a guide for the near future. SVS XO is/was the low-cost dealing arm of the broker who was self-clearing, all CREST holdings held in custody on behalf of SVS clients are currently temporarily frozen for safety.

For the near future, assuming it's not easy with a "new SVS" reborn from the possibly-viable XO part of the company, the administrators will find another authorised broker to take on clients' uncertificated CREST shareholdings. Unless one made expensive personal arrangements not possible with ISA wrapper, BRD individual shareholdings there are pooled with all the other BRD holdings of SVS clients and in principle safe within the custody arrangements of CREST and the London Stock Exchange, unless any shortfalls are identified.

The key factor is how fast the retained staff can split the known BRD CREST holding in question to audit standards between the known SVS clients on the SVS computer, bearing in mind that this has to be done en bloc for every authorised security held via the broker and any mismatches resolved or reported. Once this is done each person's identified portfolio can be transferred to future new broker.

This took longer than some expected at Beaufort Securities in March 2018. But hopefully lessons were learned, and Valuethemarkets.com - the only traceable factual commentary last Friday - suggests whatever is happening over at SVS is not as dramatic as what happened at Beaufort.

The scenario at Beaufort as unveiled since then though unrelated is nevertheless probably of interest & possibly reassuring, with something similar or better in store for SVS private clients:
https://www.pwc.co.uk/services/business-recovery/administrations/beaufort/beaufort-faqs.html

Hope this lot helps, it's an unwanted serious blow for all involved with no positive aspect at all, except that BRD has no cash owing from the debacle. My own view is that after a couple of Friday transactions that I remarked on which continued on Monday but brought out the buyers on Tuesday, the only temporary effect likely is the present temporarily reduced liquidity and increased spread. Fundamentals will out in the end...

For all its virtues and faults, SVS Securities did assist BRD in the past to reach its enviable cash position and turnaround to becomean efficient miner of high-quality diamonds, and their active past support did make BRD "over the radar" to a few! I will add a few more again soon to my SIPP from div

Dhoby, good question, assuming it's not easy with a "new SVS" reborn from the possibly-viable XO part of the company (it's rarely easy once the lawyers get so involved), the administrators will find another authorised broker to take on your uncertificated CREST shareholding. Unless you made expensive personal arrangements not possible with ISA wrapper, your KOD shareholding is frozen and pooled with all the other KOD holdings of SVS clients and in principle safe within the custody arrangements of CREST and the London Stock Exchange, unless any shortfalls are identified.

The key factor is how fast the retained staff can split the known KOD CREST holding in question and split it to audit standards between the known SVS clients on the SVS computer, bearing in mind that this has to be done en bloc for every authorised security held via the broker and any mismatches resolved or reported. Once this is done each person's identified portfolio can be transferred to the future new broker.

This took longer than some expected the last time easily found, Beaufort Securities in March 2018. But hopefully lessons were learned, and Valuethemarket.com - the only traceable factual commentary last Friday - suggests whatever is happening over at SVS is not as dramatic as what happened at Beaufort.

The scenario at Beaufort as unveiled since then though unrelated is nevertheless probably of interest, with something similar or better in store for SVS clients:
https://www.pwc.co.uk/services/business-recovery/administrations/beaufort/beaufort-faqs.html

Hope this lot helps, it's an unwanted serious blow for all involved with no positive aspect at all, I'm glad that so far the more eloquent here have resisted Schadenfreude and speculation.

According to an analysis by BloombergNEF, in early 2019 there were 316 Gigawatt-hours (GWh) of global lithium cell manufacturing capacity. China is home to 73% of this capacity, followed by the US, far behind in second place with 12% of global capacity.

Global capacity is projected to grow robustly by 2025, when BloombergNEF forecasts 1211 GWh of global capacity. Capacity in the US is projected to grow, but slower than global capacity. Thus, the US share of global lithium cell manufacturing is projected to shrink. (With thanks to Forbes Magazine 16 May 2019)

So far data collected by Tesla shows the batteries should run for more than 500,000 miles on a single battery pack according to a CapEx Purchasing Intern at Tesla.
Tesla batteries are built to last at least 500,000miles or 800,000km before replacement.
Replacement is at 20% battery degradation and Tesla will replace a customer's battery if it degrades by 20% in its first 8 years.
New batteries are installed for USD10,000 should the customer need another one.
This is good news for Tesla and good news for Electric Vehicles in general. It also goes to highlight how critical it is to collect data on battery performance and to get the battery pack right from the start.
(thanks SP Angel for briefing today - battery news from much longer text)

Nice to have the update, as a lot of the scientific testing and prototype testing seems to be for 2016-2018.

JS and all, exactly as they say in the famous quotation from classic US investor Benjamin Graham, in the short term the stock market behaves like a voting machine, but in the long term it acts like a weighing machine (ie its true value will be reflected in its stock price in the long run). These world geopolitical events have even wrong-footed most professionals.

Selling is correct if you think that quality diamonds will be worth substantially less in the future, especially if the most affluent are likely to stop buying, if you think the new management is making a mess of the operation like the old one, or if you need cash quickly for other commitments (in which case you probably shouldn't be in any AIM stock). Since IMO none of these are the case I'm holding tight unchanged, my best success story took nine years and needed averaging down with cash from salary.

What is frustrating is that these geopolitical rushes for the door (often short-term and algorithmic-trade driven) hardly ever happen in March/April when the best FTSE-350 dividends of Q1-2-3 are paid, or in April when the new ISA year is starting and the portfolio is almost forced to have a switcharound or "bed & ISA"! Such is life, no new cash to invest here even at this price until the early autumn. But real money starts when others are fearful, and ends best when others are piling in and one can pass on a few pence per share to the new buyer.

Seconded, quiet with two-way trades and low volume, giving tranquility there at least. Even Mr Trump and his tweets couldn't floor us today, unless something nasty happy during the UT auction two minutes ago!

Also agree totally but we were knocked out just after lunch by 12333 in only two deals after lunch, more than my ISA and SIPP combined. But not necessarily unicorn-following, today is a second horrible day on the main markets also and holders have commitments elsewhere, they may decide to sell into good news on the "buy the rumour, sell the fact theory". European summer (as opposed to RSA winter) also in general terms has some of the lowest cash dividends for those not regularly paid quarterly. The 60p to sell would be done by market-maker negotiation, so it's understandable that the midprice probably won't rise until that input is cleared, I don't think too much can be inferred from two sellers or one with two deals.

I'm holding my nerve as I have done for multiple decades, though the FTSE-100 feels more like 7040 instead of 7400 due to the number of bargains on offer, even subtracting the value traps loaded with debt.

Useful factual coverage of the RNS as a news story at 13:49 to spread the word of what we've been discussing, goodness me it's me that's being evangelical now :-)
https://www.investments.halifax.co.uk/research-centre/news-centre/article/?id=6900456&type=bsm

Slow down a bit JS, I can see where you're coming from don't want you getting too far ahead too quickly, prudence is best to avoid disappointment which comes with some AIM share plans elsewhere.

Rounding approximately, Q1 throughput was 42 kt and Q2 throughput was 78 kt with improvement in June as the new management got to grips with things! Booking July conservatively at a little below June at 30 kt (actual not yet published) leaves us 130 kt to complete in the rest of the year to match the RNS low end estimate covers 2019 of 280 kt, or 26 kt per month which seems very prudent though I don't know have the expertise to assess seasonal factors.

The RNS high end estimate is 335 kt for 2019 which is 185 kt in five more months or an average of 37 kt, which with maintenance time nicely matches the management's confidence that 40 kt can be achieved with the crusher(s) now in place. The full capacity will be needed in 2020 as the annual target there is 380 kt - 430 kt, so 32 kt per month upwards. Anything beyond that is speculation and the new management has noticeably dropped 4-5 year possible figures and concentrated on getting 2019 and 2020 to work!

Please bear in mind that the sp agony which many of you suffered was thanks to 2018 average throughput of 15 kt per month which is uneconomic even for a resource of this quality, and shows how far management has travelled, others would be on turnaround excuses by now instead of factual reports. If you read this, thank you!

This is my reading of the situation, there is a lot for all of us to absorb so please feel free to contribute factually if you consider anything here should be stated differently.

01-Aug-19 10:57 66.80 291 Buy* 65.00 68.00 £194.39 O
Coming through from me in the transactions here soon after the 15 minutes delay. My SIPP received a nice NXT.L dividend this morning and my trades have qualified me @ for £4.95 trading for two months, so just about economic to enlarge the SIPP holding a bit, the ISA has the larger holding.

Sorry "major minors" is word association gobbledegook, should read "major miners" of course, that's my chance of recommendation by the Leader of the House of Commons gone :-)

Volume 115,384,305 v 52,147,992 recently so spread has come down closer to the real trades possible for sensible amounts.

You can see the likely broker support with PIs (and potentially others as well) as three of the larger trades end in amounts of ...92 or a few pence off and some investors prefer round hundreds invested with a commission of around £8 and nil stamp duty.

The market size of 1m (£850 to buy) is the only one where one can usually get the price on the screen (occasionally less by experience elsewhere on AIM, don't know if that applies here). Encouraging that four afternoon (likely) buyers have gone in (or topped up) directly at more that my complete two-part purchase numbers, and without having to bid over the quoted spread. The red summary figures hide what is actually quite a supportive day IMO when you look at wider UK markets and major minors heading in both directions.

I will ask about those 1 share sales presumably by market makers (MMs) as I thought it was just to put an actual trade price (presumably in their own interest!) onto people's PCs and phones when things are quiet or the spread of a major is too large, most websites show quotes and last trade and some such as Yahoo Portfolio just show last trade. No point in guessing though, will advise if/when I get an answer.