Member Info for Apeirogon

Almost inevitably…. a 30% premium would be 22.50 still below year high of 23.73

I’d say a nice round 25.00 gets it over the line.

Ukrainians blew up two massive ammo dumps in Donetsk and Makiivka overnight. All Russia can do is lob missiles randomly at civilians.

The depth of Due Diligence is impressive. Thanks for the link.

Even if crypto is finished (spoiler alert - it isn't) Blockchain will be the future for many assets to record ownership and avoid settlement problems.

Https://www.indivior.com/en/investors/Financial-Calendar

Much appreciated

Within next 2yrs they expect to sell 75-100 gas cans for $50k a pop. Each gives 125 puffs. This seems rather low given the rates of COPD. They expect to sell 15-20 systems - anyone know the revenue from this ? What other income streams will they have ? Fee per scan ? Maintenance ?

Amusing though many are… I’d rather read about the company than personal assaults.

There will be a military led coup to get rid of the KGB cabal in the Kremlin. It will happen soon.

The company’s valuation is based on selling gas canisters primarily. Where do you get “billions” from ? Phillips will not be selling many more MRI machines from this - it merely enhances their use.

Does anybody have a link to the discussion/statement concerning Coca Cola ?

G4M launched their own brand of mid-range instruments today. The market has taken the news very well. Profit margin should be better on your own gear and if the kit is good it will build brand loyalty.

If it’s being investigated and punished then there is LESS fraud in the future. Which is good.

Jefferies can commence the second tranche of the share buyback from 3rd July (until 3rd November) totalling £28mm.

Columbia Threadneedle said that their data analysts cannot get over how fast KX is. It will be rolled out to the non-financial sector via Microsoft Azure and be able to reach a much greater audience. Using a vector based approach it can perform data crunching orders of magnitude faster than current applications. A real market-leader.

I bought a tiny sum £5k as I never really look at a company unless I have a stake in it. Stockopedia has PE at 5x - a number repeatedly a few times by Vox - but that's on 2024 forecasts. It trades 35x on today's actual numbers. The margins are about 1% which makes them very exposed to cost pressures. I very much doubt that 2024 earnings will be anything like what stockopedia suggest given salary pressures in healthcare. Please try to persuade me otherwise.

It won’t happen any time soon but here are the Rule 9 details:

Requirement for a mandatory offer: Where a bidder is interested in shares carrying 30% or more of the target's voting share rights, the bidder must make a mandatory offer in cash at no less than the highest price paid during the preceding 12 months (often referred to as a "Rule 9 offer").

They are Cashflow positive and have positive Net Cash on the balance sheet.... so if they need cash they just keep doing what they are doing. Production has DOUBLED 23Q1 vs 22Q4 as well. They do not heed to issue any more equity.

The AI rally in the US markets has expanded into an all-things-futuristic rally. It certainly helps JMAT as ultimately a US company can easily raise funds to take over cheaper UK companies. Standard Industries will do something with their 5% stake. I can’t imagine they will just be a passive investor.

If investors were confident of repayment in 2025 then the bonds wouldn’t be trading in the 50s. So this does give investors an early exit if they want it. Plenty will have bought bonds at or below this price so may be willing to take a quick turn rather than hold for 2 years more.

They will pay Auction Price x Nominal up to $75million. So a price of 60% would mean retiring 125 million notional.

I think (please correct me as I don't have Bloomberg) there are $526mm outstanding on the 7% 2025 bonds, so there would be around $400mm face value following the tender. It certainly is a good use of cash ahead of any renegotiation on debt extension which would of course require repayment at Par.