focusIR May 2024 Investor Webinar: Blue Whale, Kavango, Taseko Mines & CQS Natural Resources. Catch up with the webinar here.
ARM holding up well today considering the carnage in the rest of the markets. My PF getting redder as the week progresses! May be a good time to buy some more ARM perhaps .. would be nice to know if we're off the bottom now, who knows?
this didnt help either - 16:35 - 19/08 Sell 744914 894.50p £6,663,255.73
R3D2 - see article "Why Slowing China Could Spell Crisis For ARM Holdings plc", just published today.. ARM Holdings "The chips are down for one of the Fool’s favourite tech stocks. Last year it was hit by a slowdown in smartphone sales, nearly all of which include ARM technology. Sales this year have held strong, up 3% in the second quarter to $357m and 15% year-on-year, while its hectic licensing activity should deliver royalties for years to come. I suspect the glory growth years are over, and yielding 0.77%, it certainly isn’t an income stock, but its prospects are steady if no longer spectacular." http://www.fool.co.uk/investing/2015/08/19/why-slowing-china-could-spell-crisis-for-arm-holdings-plc-burberry-plc-hsbc-holdings-plc-intertek-group-plc-standard-chartered-plc/ I have to admit I've sold out of ARM now but may get back in when it looks safe to do so.. ATB
Hargreaves Lansdown report on WPCT (some extracts only) - The bulk of the portfolio will be invested in exciting ‘early-stage’ and ‘early-growth’ companies. The progress of many of the early-stage and early-growth companies has been promising so far. This has helped the trust’s net asset value (NAV) grow to 103.88 pence per share. During the period from launch to 30 June 2015 the larger companies in the portfolio generally detracted from performance. This was mainly due to stockmarket volatility. Significant demand for the shares since launch has seen the trust’s share price consistently trade at a premium to NAV, which stood at 11.6% at close of business 11 August 2015. To satisfy this demand, the board has announced plans to issue up to a further 80 million new shares (10% of the shares available at launch) over remainder of the trust’s financial year. This process began yesterday with the issue of 4 million new shares at a price of 115.7p per share. In the short term, this move will exert downward pressure on the premium and the share price, but is good for the NAV of existing shareholders. Despite this short-term impact we remain pleased with progress and believe Neil Woodford will deliver good returns for long-term investors. http://www.hl.co.uk/news/articles/woodford-patient-capital-full-portfolio-released
Commenting on the news, Laith Khalaf, senior analyst at Hargreaves Lansdown, says: "Woodford is opening the door to new capital being squeezed into his investment trust. "This move will exert downward pressure on the premium and, in the short term, the share price. However existing shareholders stand to benefit from the extra cash harvested from new investors, provided it is put to good use." In the trust's first report, the manager also revealed that the £800 million raised in April is now 75% invested. On the decision to issue new shares at this time, Ewan Lovett-Turner, director of investment companies research at Numis Securities, says that while it was understandable that the board would try to manage the trust's high premium, it was "slightly unusual" to be issuing more capital when the trust is not fully invested. http://www.iii.co.uk/articles/260326/woodford-patient-capital-issue-%C2%A380-million-new-shares
Woodford Patient Capital to issue up to £80 million in new shares. In its first report since launching in April, the board has announced that it intends to issue fresh shares in the £800 million UK smaller companies vehicle to satisfy secondary market demand. WPCT raised four times its initial target amount of £200 million earlier in the year and made history as the biggest investment trust to launch into the UK market. The issue was also oversubscribed, with some investors receiving only a fraction of the shares they applied for. Admission into the FTSE 250 index has since driven up demand even further, with the trust trading at a 15% share price premium to net asset value (NAV) as at 10 August. The new issue - which could be up to 10% of current share capital, or £80 million - is an attempt to tackle this premium, which is well in excess of that of the average UK equity trust (3.9% share price discount). Beneficial to shareholders The board of the trust has insisted that a new issue would be "accretive", or beneficial, to existing shareholders, with new shares being issued at a premium to NAV but below their current market value. However, this did not stop an initial sell-off by those shareholders looking to lock in profits now, with shares trading down by 3.4% by lunchtime on Tuesday (11 August).
Caesar - yeah OPTI still under the radar currently but gaining exposure and momentum, has much greater growth potential than 4D, IMO.
Why the big rise? Doesn't even correspond to the volume of trades .. background buys?
.. yes that makes more sense. Which is good news then if our Seller has done a foxtrot oscar?! Happy days .. re-rate long overdue here. GLA
One thing's for sure, selling 8M shares at 7.5p - 7.8p must have been at a loss. Yes it's particularly odd that this happened prior to commissioning news. I really don't get it .. Is (/was) there an II invested here? May have to wait for an RNS to figure this out.
Wind Power Monthly article 20 Apr - http://www.windpowermonthly.com/article/1343447/developers-eye-major-chile-tenders CHILE: Wind developers are eyeing opportunities in two large-scale tenders the Chilean government is set to launch. The tenders — for long-term contracts (up to 20 years) with privately-owned distribution companies — aim to cover around 15TWh of annual consumption not covered by existing contracts. In line with the government's Energy Agenda launched last year to tackle the country's rising energy costs, the tenders aim to bring down Chile's soaring electricity prices by encouraging as many new participants as possible. The first tender is due to be launched in May and will offer generators an estimated 14TWh of annual demand. Once the tender conditions have been released, companies will have almost a year to present offers to give as much time as possible for new participants and projects to prepare bids. These have until until January 2021 to inject electricity into the grid. This provides ample time for companies to design, permit and build new projects from scratch, as part of the government's efforts to break the hold of a handful of major generators over the country's power markets. If a project is delayed for reasons outside the developer's responsibility, the start date for the contract can be delayed, significantly reducing the contract risk. "This is a very good opportunity to enter the generation market in Chile," said Martin Osorio, head of regulation at the National Energy Commission, which is running the process. A second short-term tender will offer around 1TWh to cover annual demand from 2017 onwards. The deadline for offers is expected to be in the second half of this year, Osorio said. Following last December's tender, the government is expecting a strong participation in both processes from renewable sources, including wind and solar power, to help Chile meet its legally-mandated target of sourcing 20% of electricity from renewables by 2025. It saw almost 20% of the demand on offer go to renewables as developers took advantage of blocks defined by time of day, giving a key advantage to solar and wind projects. Additionally, it covered close to 100% of demand on offer, compared to just 20% in the previous major tender held in 2013. It also achieved an average long term price of $108/MWh, against $136/MWh, and reversing the upward trend seen since the tender system was launched in 2006. Still such prices are many times those paid in other countries in the region, such as Colombia and Peru, a factor which, together with considerable natural resources and a stable investment climate has transformed Chile into one of the world's hottest markets for renewable investments in recent years. The start of the contracts under the short-term tender will also coincide with another major development in Chile's electricity industry: the linking of the country's two
SFU - thanks for the reply, hopefully the full certification is getting close now.
Tried to buy more here today, just could not get a sniff of it. Will try again Monday. SP climbing nicely already. Some rather chunky trades.
.. all these chunky trades (incl the Woodford £4M buy) yet SP flat all week. How does that work then?
Evening gents. RAME’s 9th March RNS announced mechanical completion at its 15MW Raki / Huajache wind project, commissioning underway and “power out expected in the next few weeks”. Am I missing an update on this or are we still due (overdue?) news on project completion here? Would be good to get an update on this first significant project. Once revenue kicks off from these early projects we can expect the SP to pick up some positive movement. Despite the fairly stagnant SP of late, I still believe this is a most promising long term hold, with plenty of growth to come. Patience is a virtue. GLA
I believe NWBO was bought under the Woodford Equity Income FUND ie not the WPCT Trust.
Plus a £4M buy appeared in 4D Pharma today (DDDD) - could this be us too? Would be good to see the full list, when available. Wanted to see OPTI & NIPT included .. still time?
£4M trade at 12:22 on 21st April - any ideas folks?
[ Q10.] The share price and market capitalisation has struggled to hold the 18p IPO level, can you please outline the company objectives in terms of rewarding the Rame Energy investors? "Whilst the share price has not performed as we would have wished, the business has delivered on its objectives, increased its real value and managed to structure access to capital without diluting the shareholder base. We believe we will continue to progress solidly with our strategy and will soon demonstrate the substantial cash generation potential that underpins Rame's value proposition. With clear direction, measurable progress and solid net earnings combined with appropriate representation and advice, we are confident that the market capitalization will recover to reflect the performance and real potential of the business." Our patience will pay off here guys.. http://www.stockopedia.com/content/rame-energy-ceo-interview-independent-power-producer-96429/
Latest TW comments on Insetco as broadcast today on Shareprophets, 4:48 into audio, see - http://www.shareprophets.com/views/11694/tom-winnifrith-bearcast-farewell-peter-landau-edition