Utilico Insights - Jacqueline Broers assesses why Vietnam could be the darling of Asia for investors. Watch the full video here.
Great news today. I like the cheeky trading update they snuck in there to give investors confidence.
Assuming interim dividend is at least equal to the final dividend, then we're looking at minimum 2p annual divi to begin with.
Share buybacks show great confidence in their own business, but my only concern is that the stock isn't hugely liquid at the moment so soaking up some sells might further decrease liquidity in the short term.
The change in market sentiment and confidence has affected every share price, but especially the pre-profit new tech/eco companies.
However, the companies that are on the verge of profitability are the ones to be investing in right now for maximum returns over the next couple of years. Companies like ITX, SCE, CRH are perfectly positioned to ride the wave of the next bull market when it appears, by which time (FY 24?) they will be profitable and throwing off cash.
Be patient for big long term gains. It's tough to do, but if there is nothing wrong with the investment thesis or the business, then there is no need to do anything.
"Remainer fanatics at the top of Boris Johnson's government" !?!?
Lol. Anyone with even a slight Remainer tendency was purged long ago. Could you name any "remainer fanatic" in government...?
Classic lies from a Brexiteer :)
If you're wondering why Terry is "wasting his time" here, it's because he's a prolific shorter and wants to spread FUD so nervous PIs sell and create a greater profit for him.
The board's confidence in the shares at these levels speaks volumes for me. It's just a question of patience.
4 Directors also bought shares in the Jan 2021 equity fund raise, subscribing for shares at 5p.
This was conducted via Primary Bid so retail investors also had a chance to subscribe.
This raise was at 5p so PIs would be better off buying at today's prices.
Seems to be pushing up by 1p a day for the past 5 days.
Some accumulation? Or just alleviation of some downward pressure?
The flaw in your argument is that the board don't get given free shares, they subscribe to the fund raising and pay for them.
Any shareholder can buy more shares following a placing to keep their %age holding the same.
In fact at today's prices, you'd be able to get a better deal than the board have done in the past.
I'm in favour of this bargain acquisition which fits in perfectly with Inaphaeaeaea.
The only caveat is that if Suzy had been charging Theorem a £10k per month exclusivity retainer fee then this would have been essentially free.
The rise is less surprising than the recent drop :)
I'm certainly expecting good things from the next update.
Nothing really the company can do if 2 big holders decide to dripfeed sells to fund other ventures.
Nothing wrong with the investment case imo, just need to be patient. You'll be able to tell they have stopped selling because we'll see some decent rises.
You can sell out if you're frustrated, you can try to time the market to get back in cheaper, or you can be patient and wait it out. PIs are always the last to know when big drops/ rises are going to happen, so the best weapon we have is patience. It's not easy to watch this drop 1% every day despite buybacks and Royde's purchases, but one day the share price will be 200p+ and I want to be sat on a big profit when it does.
ITX projections look like FY 2023 being breakeven and FY 2024 being profitable. By the time ITX is profitable, the share price will be much much higher than 5p.
When that price rise happens is subject to debate, economy, company sentiment, market sentiment, etc...
If people are patient they will be well rewarded. If people wish to try to time the market then they are free to do that but risk missing out on the up days.