Member Info for Alessandro

Making their own chips as in fish and chips? because making chips is a totally different industry (and I am not talking about fried potatoes)

Walleye Capital Llc and Two Sigma Investments, Lp increased they short positions just few days ago. Oucheewawa

Or is there some inside information they have access to, of which the broader market does not have?

Regarding debt, if orders start rolling in, the Debt to EBITDA ratio (up to 3x EBITDA should be acceptable) would make the debt figure itself not as much of a concern. Debt is bad when you can't service it.

Brian Kelly is at it again

Why are they all so much expensive than iqe?

Why the latest annual report on the Landmarks website is the 2024?

Landmark seems to be in a huge bubble, revenue so far (9 months ending in Sept) is about £38m (converted from Taiwanese Dollar to GBP).

Trumps son made $120m as far as I gathered. Not bad for a 20 year old man.

The broad market had a sudden jump

HFG near-term outlook looks challenging in my view: I expect potential negative developments from the Saudi JV given the ongoing conflict, while the renewed rise in energy costs risks repeating the margin squeeze seen in the last inflationary cycle, particularly if customers like Tesco again resist passing through higher input costs or absorbing any of the pressure; beyond energy, structurally elevated white fish prices due to quota constraints should keep raw material costs high, and with no immediate regulatory clearance likely for the Foppen facility in Greece, there are few obvious catalysts (the venture in Canada to be precise, which was not even mentioned in the last trading update). I remain skeptical on any near-term recovery, with a dividend increase looking unlikely this year and a cut a distinct possibility if conditions do not improve

It is even worse if you see the world largest refineries of natural gas and GLP being destroyed. They provide 30% of the world gas supply. You won't see this in the news but apparently it is happening and it won't be fun. We may be spiraling in a gigantic depression.

Quantify "soon".

I've been invested in JD for long, I was in at 160p and averaged down to 110p.

The downward pressure is huge at the moment, too much macro headwind.

The worst part is that there are no signs of things improving.

Macro could be fixed with relative ease but powerful forces in our political systems prefer the status quo.

A recovery for JD seems unlikely until 2030 at best.

@giro121

A positive trading update from Nike may take us back to the 90s and over 100 if reinforced by a positive trading update on May 7th by JD.

But after continue disappointments I do not hold great expectations.

@mornington-oz

I may mute you, you know.

I’ve been rethinking yesterday’s topic. If institutions own 25% of the company and Pentland owns 55%, a buyback could potentially reduce the free float to less than 10%.

My question is: is the free float actually that low? I ask because 10% is the minimum free float required by the LSE; falling below this threshold would trigger a delisting.

According to this document (page 3):

https://www.lseg.com/content/dam/ftse-russell/en_us/documents/policy-documents/free-float-restrictions.pdf

And this table:

https://uk.investing.com/equities/jd-sports-fashion-ownership

The free float should be around 45% as, excluding Pentland, no institution and mutual fund owns more than 10% individually, however institutions and mutual funds combined own around 80%. If the buy back is taking shares from the free float, at current share price, £350m would be enough to take the free float below 10%, forcing a delisting and leaving minority holders stuck owning shares in a private and illiquid entity. Alternatively, Pentland could come with a low ball offer and take the company private.

All of this assuming that the free float is currently at 20% but it may well be 45%, I am not sure how the free float should be calculated for JD.

@Break100

IQE likely dropped at closing due to the premarket share price movement of LITE. But it closed strong.

I hope my manager is not reading this. In the past hour I went through a few LinkedIn profiles, IQE employees. A good number of them are new hires within 18 months, that bodes well with the assumption that IQE may be having a new dawn.

Https://www.linkedin.com/posts/iqe_ultraram-memorytechnology-advancedmaterials-activity-7343621758438047744-yZ4T?utm_source=social_share_send&utm_medium=member_desktop_web&rcm=ACoAAAmkcH0BEMfaVbQGa4ob1tN4kbEzWIa0X-E

@tombeef

This means that JD is buying back from the remaining pool of 10%. £350m will buy back the "free-float" available for liquidity.

I had a quick look at the vacancies in the IQE website

You'd expect many more openings if production was ramping up, unless they already had people sitting idle.

Jobs don't pay that well. £30k to work in clean rooms wearing breathing apparatus doesn't sound the pay you'd expect from a high tech company. Unless this kind of jobs do not require particular skills