Adrian Hargrave, CEO of SEEEN, explains how the new funds will accelerate customer growth Watch the video here.
Absolutely Dusty. Only what’s necessary.
I’ve got a healthy amount in ‘safe’ funds. My TM1 shares are held in my ‘fun’ account - these price drops are causing me no stress whatsoever - don’t get me wrong, I’ve got a fairly decent holding but factoring in the bigger picture, I’ve got a lot of things that are worth more. The naysayers (AJS et al) piping up is comedy more than anything else. If there was an RNS on Monday saying that TM had gone to the wall, my life wouldn’t change in any way whatsoever and nor should anyone else’s if they’ve invested sensibly.
You raise a very good point. I sold some of my other shares today that I saw as going nowhere (NIO, if anyone’s interested.) and used the funds to buy TM1. It hasn’t once crossed my mind to blow up the respective NIO forums telling other investors as such. Seeing posts on this forum is making me consider whether to channel my inner altruist and spend countless hours raising awareness to all those poor souls who still have their funds in there.
Increased my shareholding again today in both mine and my daughter’s accounts. Doesn’t represent a massive proportion of overall portfolios (enough to make for a nice reward if it comes good; but certainly not enough to make me consider throwing myself off the Humber Bridge if it doesn’t) as I’m realistic to the potential risks, as should everyone else be. Caveat emptor and all that. If you don’t want any risks, a nice cash ISA at 0.5% might be the product for you.
Regarding the RTO, there are many reasons why a company may choose this route to market, not all of them bad. I’m researching and proceeding with an element of caution (as everyone should be) but this hasn’t stopped me from buying more, or made me consider selling.
I stand by my previous posts. I think it will come good. There is an ever growing need in the marketplace for this company, and provided that the board and business development team get it right, it can’t fail. Some faith needs to be placed in them. That’s where I see the main risk element.
The YouTube video will have also garnered some more positive interest (even if the interviewer came across as a bit of a prick and at times appeared to be goading the staff for a negative reaction, which they handled brilliantly.)
I’m in, and will be going nowhere.
B
Agree with you there, Fly.
This one isn’t for holding for a quick short-term gain. It’s a relatively new company. Barely any companies turn a profit in the first couple of years due to huge start up costs, staffing and a lack of income in the early stages, as well as having to make repayment on finance facilities etc.
The fact that TM as a relatively new business have been granted a line of credit of that size tells me that this one has legs, and it’s not like the creditor is going to put £5m on a dead horse. I dare say that some DD may well have been done before they signed it over.
To reiterate, no new company is going to be turning huge profits from the get-go, especially in this instance when doing business is subject to permits and red tape which can cause a lack of turnover in the short term. I’ve read associated reports and the £5m line of credit was to provide working capital, meaning that the funding provider can see a future in this, too - TM just needs some oil in the gears to get there.
I’ve a feeling that I will be thanking myself in 12 month’s time for grabbing this one at 0.65 and 0.95.
Just had a further thought. I appreciate that there are recyclers of batteries abroad that could no doubt conduct business cheaper than a UK operator. However, given their weight and tendency to be a bit combustible - I’d have thought that these factors could make exporting to recycle logistically and financially unviable. Therefore making for a stronger business case for a UK based company like this one.
It sounds like they’ve got all the right ingredients to make this one a success, it’ll be down to the board and Business Development team to ensure the execution proves fruitful.
Thank you. I’m fairly new to investing and will only buy stocks in industries that I’ve got some understanding of and have done some reading on.
I’ve been a bit more cautious with the levels of stock held in my daughter’s name as it will be her 18th birthday present but I’m prepared to go in stronger and take a bit more risk with my own.
Historically, some recycling companies have been seen as a bit dodgy, but I think that with the position that this one occupies in the marketplace and recent news, it should be a good buy.
I’ve read the interim report published by the board a couple of days ago, too and while there are some bits to iron out, they appear to have the right level of experience on board to get the job done.
I intend to add more to my current holding in the coming weeks.
Bought this on a whim at 0.75 on my 9 year old daughter’s junior ISA account and have seen some pleasing results. Have studied the posts on here over the last couple of weeks as well as the associated articles.
Studied transactions around latest drops in SP and they appear to be linked to the possible CGL sell off which doesn’t bother me too much. Placed an order at £500 on Friday and an additional pending order of £1000 today to be placed Tuesday.
Looking to hold for a couple of years but my confidence is buoyed by recent talks of in-house black mass recycling. I’ve read the news surrounding the company and it doesn’t seem like anything out of the ordinary that you’d expect from a relatively new company. They all have their challenges.
What gives me the most confidence is that there’s already an absolute necessity for this industry, which will only increase in time. If the board can get the house in order and keep their side of the street clean we could be in for a very good ride indeed.
I’ll be watching this one very closely.