Member Info for BlahBlahDoh

Your disapproval of all of the points I made was acknowledged already Darren, the question was: why? The context Mary provided in response confirms some of the limits to the strategy which I was hinting at, and the specific circumstances in which it seems to work. She also seemed to admit the amount of effort involved compared to other strategies she uses elsewhere. Getting a fuller picture of the strategy was interesting, imo.

When you say "her strategy is sound", do you mean it was sound in hindsight or do you think the strategy is still useful going forward? What did you think about my observation that the SP has hardly ever neared the low point in the range - just twice at closing during the entire period, I think? Surely that makes it somewhat impractical to implement as described, and considerable "wiggle room" is required to make it work at all?

Things are now possibly distorted a little by ISA buying, and the yo-yo range seems to have shifted. Share buybacks will continue to underpin the downside though, so Mary's strategy may still work with some recalibration.

Back to Sage itself: another disposal today, so the cash pile gets even bigger. Feels counterintuitive for a 'growth' company to be shrinking? ( :

Shame to see Chair Mike Evans leave due to ill health. He joined to help M&G launch as an independent business stating "lots of opportunities for growth in the UK and international savings and investment markets", but didn't really get a chance to grasp those opportunities. Good luck to him and his family.

Good question Freedom. I think part of it may be down to dilution - they settled a tax dispute in Tanzania by issuing shares, apparently, and there was something in the IPO which involved issuing shares later? It is hard to get to the bottom of this -does anyone have a source for the historical number of shares in issue? Some of it will be down to heavy investment in growth, 4G and acquisitions as they chase volume, of course.

If you look at the latest results (9 months to 31st dec 2020) they claim the basic EPS actually would have been up if they hadn't excluded a one-off exceptional item (settlement of an issue in Niger). They also refer to a "one-off derivative gain in the prior period" which makes this years profits look relatively bad. There are also the twin issues of multiple currencies and tax regimes, both of which are variable, including devaluations and disputes. Unfortunately their affairs are so complicated across the 14 countries that they seem to have exceptions all over their balance sheet: the word "exceptional" actually appears 72 times in those results!

All of this makes it hard to really get a grasp on how well they are doing, but you are right that EPS needs watching and (attempted) understanding.

Glad it's not just me who remembers that Nanonano. Certain people who got carried away with hyperbole, insisted with absolute certainty that they were right, angrily shouted down anyone who disagreed, and used frequent repetitive posting to swamp the board, are starting to repeat the same behaviour with no apparent sense of hubris.

For the record, I am more positive about the trial than the sales process, but it's just an opinion, and it's still early doors.

Good to see Invinity specifically mentioned in that article, and the Biden administration clearly pushing flow batteries as a key technology which needs rapid development and encouragement. We discussed on the board how important Biden's green agenda could be, a few weeks before he was elected, and now we can see the nuts and bolts of that policy. Invinity are presumably fully engaged with this process, and hopefully we'll get a progress report in due course.

"You can attack, mock, what have you, all you want"

Pretty big hole you've dug there blue, you should get a job with one of those mining companies...

Thanks Mary, that context makes sense. I think Sage probably has a limited downside at these levels, which probably makes the volatility more benign for trading. The focus on averaging down is an intriguing angle of attack, it seems to cut out a lot of the market noise and allows a simple way of making decisions. It's a neat way of building up a position around the bottom of the range, while the range holds, ultimately expecting a higher range.

Currently at the top of your range, where I would be uncomfortable selling. I guess you still have to make a decision each time whether to stick or twist! Hope you make the right call again, good luck!

Just checked that Jab1tt - Morningstar actually say "13/05/2021" and it's "Unconfirmed", so they are just estimating it based on last years date which Catan already referred to: 13th May rather than April.

Interesting that AAF are bringing new investors onboard, market seems to like it. This is really a family owned firm with a small free float: anything to improve breadth of ownership is positive, but the debt reduction and confirmation of asset value probably caused the minor bump

That's a respectable (street) amount, Texas poker game hotting up?

They report quarterly, so logically the next one is due end of April, but the end-of-company-year one seems to take slightly longer to prepare, so likely to be mid-May as Catan said. Hope it's as good as the last one, with customers and mobile money dialling up numbers good enough to surprise the market, maybe? ( :

I said he'd lost the battle, not the war! My main strategic objective though was to crowbar in another XTC reference, frustrated that no-one picked up on the "sensors" working overtime.

Why deflect from a discussion of Mary's interesting strategy with an antagonistic (no offence) personal comparison Darren? She has taken the trouble to provide lots of details, so why not consider them, it could be informative. By all means disagree with me, but it is a boring discussion if you fail to even address any of the points raised

Still playing Generals and Majors despite losing this battle. It would be ironic if he succeeded at ionic.

Our annual revenue only covers 2.5 months of burn. Sensors not working overtime

"Orphdata" is what the queen says when deleting something from her phone

"expect a patent board investigation to delay the trial"

Don't think this is accurate BTB, Tenner made it clear they are parallel processes. IPR seems highly questionable anyway, imo, Samsung haven't put up much of a case for it, although I bow to lobo87's knowledge on the '068 patent wording.

Markman final written report is expected "by the end of May" btw, but surely likely to come sooner in a less formal format.

Some providers offer a low cost DRIP scheme for automatically reinvesting dividends. Might be an option worth checking out for some - II, for example, do it for just 99p, so its cheaper than normal dealing.

Clear and honest statement from Tenner is a positive in itself. I didn't appreciate the parallel nature of the challenge, I thought the judges decision was paramount, but from what we have seen so far, it would appear that Nanoco are ahead in both lanes. Mark Tenner's words than nothing is certain, but our cautious optimism over what has emerged from the court seems vindicated by his.

I like the averaging down idea, but I think you may be overselling it a little. For one thing, it seems like quite a lot of work, monitoring the price constantly and all that dealing! ( : The closing price has only neared 564 twice in the last 3 months, yet you've done twenty plus trades, so it seems likely some of your buys must have been at a higher level. Your selling range also seems quite variable, you've mentioned 620, 610 and now 600 and 605. Finally, there is a more than even chance that the pattern breaks after you have sold around 610, because its more likely to break upwards than downwards, imo. That would leave you with 70% of your holding out of the game when it matters most.

Nevertheless, I think you have chosen a share which seems to be conducive to your strategy, so if it ain't broke, don't fix it!

"I won't say it again!!"
Aye aye, captain Moany