Another article from Forbes (24/03/2020) which mentions FW and the benefits of strong network infrastructure, now and in the future. In no way whatsoever am I suggesting the values of FW and Affirmed are directly comparable!!
Here's a rather old article (Aug 2015) from Forbes which gives the opinion that "Since Affirmed got off the ground in 2010, it has raised $156 million in venture capital, is approaching a $1 billion valuation".
It will be interesting to find out the value of the deal for sure, which hasn't been detailed yet. You would think that the WFH culture, low interest rates and demand for high speed connection in general are all positive factors for potential suitors.
I would consider CA increasing their holding another plus as they will continue to put pressure on the company to curb past excesses at board level.
This may be of interest; discretionary change in rules for suspended AIM companies due to Covid-19:
Suspended AIM companies
Currently where an AIM company has been suspended for more than six months, pursuant to
AIM Rule 41 the company’s securities will be cancelled. We appreciate that, given the logistical
challenges during this period, further time might be required to resolve the reason for suspension.
Accordingly, we will be using discretion to extend the period to 12 months for any AIM company
that has been suspended between 30 September 2019 and 1 July 2020.
I posted this on YCA, but let's not forget BKY! Poland looks very serious about building new nuclear plants. Sensible move which we may see other countries following in due course.
Poland serious about introducing nuclear power:
Positive write up from Seeking Alpha recently, worth a read:
"Yellow Cake might seem like a boring stock, but you don't have to envision a massive overshoot in the price of uranium, for the stock to offer a very attractive return, while still have good downside protection if the recovery takes longer.
The very real risk of mine closures in relation to COVID-19 can also make it one of the few stocks that goes up, if in fact we get a price recovery in uranium.
The price of uranium has been depressed for some time, so a long-term horizon is definitely warranted. However, due to the illiquid uranium market and relatively few producers, mine closures could be a potential catalyst for the price of uranium.
I have been buying over the last week, due to the attractive upside potential but also good downside protection".
The English are feeling the pinch in relation to recent Covid-19 threats and have therefore raised their alert level from “Miffed” to “Peeved.” Soon, though, alert levels may be raised yet again to “Irritated” or even “A Bit Cross.” The English have not been “A Bit Cross” since the blitz in 1940 when tea supplies nearly ran out. The virus have been re-categorized from “Tiresome” to “A Bloody Nuisance.” The last time the British issued a “Bloody Nuisance” warning level was in 1588, when threatened by the Spanish Armada.
The Scots have raised their threat level from “****ed Off” to “Let's Get the Bastards.” They don't have any other levels. This is the reason they have been used on the front line of the British army for the last 300 years.
The French government announced yesterday that it has raised its virus alert level from “Run” to “Hide.” The only two higher levels in France are “Collaborate” and “Surrender.” The rise was precipitated by a recent fire that destroyed France's white flag factory, effectively paralyzing the country's military capability.
Italy has increased the alert level from “Shout Loudly and Excitedly” to “Elaborate Military Posturing.” Two more levels remain: “Ineffective Combat Operations” and “Change Sides.”
The Germans have increased their alert state from “Disdainful Arrogance” to “Dress in Uniform and Sing Marching Songs.” They also have two higher levels: “Invade a Neighbour” and “Lose.”
Belgians, on the other hand, are all on holiday as usual; the only threat they are worried about is NATO pulling out of Brussels.
The Spanish are all excited to see their new submarines ready to deploy. These beautifully designed subs have glass bottoms so the new Spanish navy can get a really good look at the old Spanish navy.
Australia, meanwhile, has raised its threat level from “No worries” to “She'll be alright, Mate.” Two more escalation levels remain: “Crikey! I think we'll need to cancel the barbie this weekend!” and “The barbie is cancelled.” So far, no situation has ever warranted use of the final escalation level.
(plagiarised from John Cleese)
A partial ban on shorting has been put in place in Italy and Spain today. Shutting the stable door somewhat, but a positive move nonetheless. Will the LSE follow...?
Sale of assets needed urgently if POO remains low.
"The Group's base assumptions show that it will be able to operate within its contractual debt facilities and have sufficient financial headroom for the 12 months from the date of approval of the 2019 Annual Report and Accounts. Under a severe downside scenario where the Group both fails to meet its production forecast and assuming a flat $30/bbl oil price, the Group has sufficient liquidity for the 12 months from the date of approval of the 2019 Annual Report and Accounts. However, using both the base and downside oil price assumptions the Group's leverage is forecast to be marginally above the RBL gearing covenant when calculated at 31 December 2020, if planned portfolio management proceeds are not realised."
"During the year, commitments under Tullow's Reserves Based Lending facility reduced from $2,464 million to $2,400 million in line with the schedule. Tullow's debt facilities further include $300 million convertible notes due in 2021, $650 million senior notes due in 2022 and $800 million senior notes due in 2025."
An encouraging article here showing the benefits the proposed US Strategic Reserve could give to the Uranium markets. Yellow Cake gets a positive mention too. YCA certainly looks good value at the moment, trading at a discount of almost 20% to NAV.
I can envisage Russia having an eye on trying to cripple the US shale industry. The US has not limited production to any extent, so this may be their Russians' short term intent. Why us and not them? This has proven to be a tactic that was not sustained over a longer period of time so far though. No one expects oil to be at this price in the long term . It's needed. There is no adequate substitute.
Well, here's the twitter link. I would suggest that you make of it what you will..
Extract here from the CA half year report. "Allied Minds' shares trade at below half of the Fund's estimate of its NAV per share."
During the period, Allied Minds achieved its first successful exit, with the sale of its stake in HawkEye 360 for $65.6 million. In September, Federated Wireless raised $51 million at a valuation more than 20% higher than its prior round in 2018, of which $10 million was invested by Allied Minds. Subsequently, Federated Wireless received US regulatory approval for both the initial and full-scale commercial deployments of its Citizens Broadband Radio Service ("CBRS") system.
In November, the Fund requisitioned a General Meeting ("GM") of Allied Minds with the aim of changing the composition of its board to help accelerate and maximise both cost reductions and cash distributions. In December, Allied Minds announced a range of developments including a $1.5 million reduction in recurring HQ expenses, an increase in the Q1 2020 initial cash return from the sale of the HawkEye 360 stake, the introduction of a cumulative cash returns threshold before any further payments could be made under the Phantom Plan, and the appointment of the Fund's proposed new non-executive director, Mark Lerdal. Based on this package of changes, the Fund agreed to withdraw its GM requisition.
Allied Minds' shares trade at below half of the Fund's estimate of its NAV per share. Its market capitalisation is less than the value of its stake in Federated Wireless at the time of the September 2019 fundraising round, plus estimated parent-level cash. Allied Minds also owns two other sizeable holdings in Spin Memory and BridgeComm, both of which have raised capital from third parties including strategic investors, as well as three smaller investments.
I would suggest that CA have already had a positive effect due to their increased holding here, pablo. They have curbed some of the ludicrous bonus schemes for the BOD and also increased the distribution from the sale of HawkEye. Their general direction has been to more closely align the interests of the shareholders with those of the company. That's surely good news for us. Their SP and admittedly dodgy other investments (HUR, DLAR for example) have no direct bearing on ALM.
I wholeheartedly agree with the rest of your post however and we can look forward to the annual results on 2nd April. It's also been a good move by ALM to get Edison on board to help with their investor relations and we can look forward to a detailed report from them shortly afterwards I would expect.
Must say that thought has crossed my mind as well Paul. I remember buying at 8p in December 2018 and within a fortnight the share price had trebled on press rumours of approvals for the project which turned out to come to nothing. I luckily turned an 83% loss into a break even position. Sold out at that point.
The problem is obvious to us all at the moment - the ecologistas are in power (Atalaya have also been feeling the brunt of their activities lately as well) and the CSN ludicrously has new members who are anti uranium. It's worth noting that BKY were due to submit responses to the CSN earlier this month to answer their previous queries on risk analysis, waste management and clarification of previous official documentation. It will be interesting to see the response. Any vaguely encouraging news could see a spike as now BKY are listed on the Bolsa, the share price seems more volatile if anything. I'm not holding my breath though.
Until the political situation changes, which it may well do in time, we're stymied. The EV exploration results so far haven't been particularly exciting at all IMHO but there may be some chance that they could be mined economically.
It could only be a small punt at the moment though.
I'll take that as gospel then Nucky....? FFS you've posted nothing but negative comments. Get out then!
Just think how LTH's feel about how the position is now, not just folks like us that have invested in the last couple of months or less. It looks very undervalued ATM with little apparent downside to me and happy to let it roll. It's been a gravy train for the BOD for sure for too long; CA seem to be doing something about this. Let's see.