Member Info for Apeirogon

You aren’t missing anything. There is an obsession with shorters on this board. Most people seem to think that shorters are malevolent bunch when really they are a necessary cog in a liquid machine. Who else will show bidside liquidity on a weak day ? Who else will be forced to chase the price higher on any good news?

The company certainly needs management who don’t mislead investors with promises of jam tomorrow.

Blackrock now own just over 5% of the company. Blackrock operate a lot of ETFs, so one cannot automatically assume that there is any ulterior motive behind their holding other than to say there is clear interest in owning a good asset.

Https://www.oncology.ox.ac.uk/news/ouh-agrees-long-covid-research-collaboration-with-polarean

https://www.ouh.nhs.uk/news/article.aspx?id=1763&returnurl=/default.aspx&pi=0

You are correct.

You asked why I sold at 1784…. so I could get back in at 1584. Thanks for asking.

Indeed you are correct. £47m in H1 2023 so not a massive encumbrance.

I bought 30k today. A company that historically did about £40m profit trading at £83m market cap and no debt.

The only analysis worth reading is your own. That article is a cut and paste job done for £50.

Securities Lending is where Asset Managers lend out their shares for a fee. It will often be done via an intermediary i.e. one of the big banks who have Prime Brokerage divisions. Remember: shorters are you friends ! They provide bid-side liquidity on down-days.

The Telegraph has an article on shorting which shows Persimmon as an example. Surely this is the sign of a bottom !! https://www.telegraph.co.uk/money/investing/stocks-shares/how-to-cash-in-stock-market-crash-short-selling/

Rents are up 10% yoy. If you are running low leverage then residential property is doing ok.

And yet 600k net immigration per year. The UK isn’t such a bad place…. and that’s speaking as an Irishman !!

It will complete re-rate when a strategic trade partner takes a large stake in the refinancing - probably above the current charge price. The company makes a very necessary product and just needs a little patience.

My understanding was that they mainly pre-sold the developments to the buyer (pension/insurance fund) and in some cases continued to take a management fee for the maintenance and general running of the accommodation. Which seemed that they were running very little market risk - only really counterparty risk in the buyer reneging.

What am I missing ? Does the buyer have the right to renegotiate down the price in a weakening market ?

Guessing it’s down to Nationwide house price data.

Hystar to expand electrolyser factory as it seeks to boost hydrogen production

Norwegian company’s chief points to ‘very big gap’ between targets set by governments and output capacity

https://www.ft.com/content/756c223c-0199-43e7-811c-3816bc3052e0

using JMAT technology of course.

I can't believe JMAT isn't on that list given that one suitor (Standard Industries) already owns 10% and Bank of America own 18.4% (RNS 29th). I know this is an ITV chat so I will also mention that ITV's gets the bulk of its earnings from Studios which are in hot demand currently.

11.4% more need to force a mandatory offer at minimum £23.70 in cash

Merrill Lynch increased holdings to 18.6% from 16% RNS on 29th.

Just got filled at 9.9 pence on a new purchase. Just topping up but if Bill Blair is sticking his name on something at 52p….