Member Info for BigDave13

Half Year Report due as well, probably no news but let's see what they have to say

I think MURF was $10 pre merger as that is the baseline for SPACS so not sure that has a lot of relevance now. Post merger into CDT is when the SP volatility began. Looking at the SH list, free float is quite low at the moment so that would be a positive as interest grows. Also a lot of warrants available at $11.50 so I see that as a near term target (or in excess of even)

Or continue to sell off from existing portfolio and keep CDT for the better upside.

No, but eminently achievable here...

SHs can think big but the Board need to show that they do as well. Start off by attending to the small details that they control like updating investment page on a regular basis and releasing the quarterly update in a timely manner rather than 10 weeks post period. Improve PR. Show support for the company by purchasing some shares in the company. Then maximise returns on CDT and see where that leads.

The investment webpage and significant SH webpage should both be updated at time of each quarterly update. Constructive & Simples!

Deacs1970, I agree a new Business Model is warranted. Long-term investing in AIM is of the bygone days. One consideration is how to maximise this opportunity. Vela has carry forward tax losses of £5.3m which means they will be fully be utilised if CDT sale price is ~$10. At that level, I would consider selling off the losers (or the whole portfolio even) and absorb into the CDT gains. That leave the company with a big pot of cash to start again.

Interim results should be issued shortly, last year they came out on 15 Dec.

From SEC doc

We do not intend to provide additional funding to develop AZD1656 for Covid-19. However, we are entitled to a portion of the revenues in the event that AZD1656 is further developed by St. George Street or another third party and is monetized, whether through a sale, license agreement, or otherwise.

Excalibur/UKRI appear to have retained their % ownership of AZD1656 so perhaps there is some future hope/plans to monetise, just not directly thru CDT.

Cash burn for qtr @ £106k?

I think that has always been the issue here. Could do with several more TR1 holders to provide that stability. Need some form of coherent & viable strategic investment plan for that to happen one feels. Otherwise as you say, rises will be sold into to.

Off to a flyer :-)

Yes, I understand your point to look forwards to a new beginning with a healthy bank balance. It is just whether the existing team, based on past performance have the ability to steer the company in a new and successful direction.

Context - how many months of £15k have been paid out already before SGS/CDT increased in value? Bear in mind that the rest of the portfolio is probably down a similar amount over the same holding period.

Yep, agree that it is about time there was an update on Aeristech and whether there is a proposed ipo or any general news even. I do not think that this or any other of the investee companies can move the needle now. It is CDT or bust!

@AsiaMarket, I agree that buy back seems like a very good action if the SP continues to remain below NAV. Would provide a better return to SHs than chasing the AIM market down further.

If Vela can flip ENET for £600, then it is game on.

Strong volume too

I think they will start selling in tranches once SP hits $5.

It is too simplistic to say poor performance is solely due to AIM market conditions. Management have continually failed to adapt to the situation. They do not appear to recognize this and correct their path, but then again there are absolutely no consequences so no compelling reason to I guess.

You & Chris would make a formidable mgt team :-)