Member Info for busicat

I hope 1250p!

Anyone know what's spooked the horses here?

Nice one

https://www.speedyservices.com/hydrogen-solutions

"Together with energy-tech pioneers AFC Energy, we’re on a mission to transform the construction industry into a more environmentally responsible sector, one hydrogen-powered generator at a time. "

I meant to put question mark as to whether Peter was the name of the tech guy who had been brought in from a major reputable tech company...all a bit hazy now.

IMHO this boils down to what he did wrong that caused loss. This was to induce retail investors to invest in Cloudtag when still listed, on the basis of deliberately misleading information in the many statements and hints (remember Huawei?!) given both by RNS and the many podcasts delivered.

I recall too, the shockingly long time elapsing between all the founding investors having cashed out and the shareholders' list being updated....I wonder whether they were aware of what false information was being put out inflating the share price at the time of their encashment.

On the other hand, I believe Yuval, Bhav and the tech guy (Peter) were also victims of the misrepresentation of the actual standing of the business and would make potentially useful witnesses.

To me, the subsequent Daap sale etc nonsense has simply been evidence of the extraordinary lengths Amit was prepared to go to in order to mislead those who had entrusted their money to bringing the chimeric vision of Cloudtag to life.

727p high of the day earlier looks good to me if we can stay over 720p by the close.

Ooh - over 724p suddenly. Highest so far in the current recovery I think :)

Hang Seng up again, currently hovering at 5.5% up, having earlier touched over 22,500, the highest in 2 years.

PRU's highest price over the same time: £13.81

Yes. Nice presentation slides published to day show how they plan for more growth:

https://res.cloudinary.com/pensionbee/image/upload/v1727770530/pdf-resources/PensionBee_Capital_Markets_Day_2024.pdf

I wonder if anyone here attended the actual presentation?

£12m raised from institutional and other investors at 24p, same discounted rate available to retail investors until 7 Oct and here we are, able to buy at 22.45p (well, I did, a short while ago).

There's no understanding stock markets.

So funds successfully obtained to keep going to end Oct. Phew!

And "the Company is at an advanced stage on further debt funding to support its ongoing operations and development pipeline." ... along with results due out end Oct.

Well, good luck...!

Certainly I'm thinking Pru undervalued and expecting the price to reflect similar moves by local peers.

But I must admit to being bamboozled by today's fall back by 0.77%, when all seemed to start so well after the 8% rise in the Shanghai composite index (and 2.4% on the Hang Seng).

I suppose the c.10% slide in the Yen and the Hong Kong dollar vs the pound , and more vs the USD over the last 2 years will account for some of it.

PRU often moves in line with AIA and Ping An, (ignoring major corporate/results changes between them) and with Shang Hai and Hang Seng indices.

But seemingly not so much as I'd expect, currently.

"The Group is experiencing increasing commercial and strategic momentum and continues to pursue further initiatives across the business. As noted in the Trading Update, Kromek expects to report positive EBITDA for FY 2024, ahead of market expectations."

Well, we're off to a good start for the week. : )

~3.5% up on Shanghai and Hang Seng indices today, after some retraicing yesterday...maybe gives a better chance of PRU price lift today?!

Ha! So much for my "reasonable expectation of +1%"! ...but as misterblack notes, I could also have expected profit taking to kick in as usual.

Best to just be patient I suppose

Oh dear!

"Further to the announcement released on 24 September 2024, Dialight has reviewed the jury verdict and judicial rulings. The jury rejected Dialight's claims relating to fraudulent inducement and wilful misconduct, whilst granting Dialight's claim that Sanmina breached the Manufacturing Services Agreement ("MSA") alongside granting Sanmina's claim that Dialight breached the MSA with respect to Sanmina's accounts receivable ("AR") and 'excess and obsolete' materials ("E&O") claims.

The jury awarded damages of $0.9m to Dialight in respect of Sanmina's breach of contract, and awarded c.$5.3m in damages against Dialight in respect of Sanmina's AR claim and c.$3.4m in damages against Dialight in respect of Sanmina's E&O claim.

The Company is considering potential post-trial motions in respect of the levels of damages, interest payable and legal costs. It is also reviewing its options with regards to appeal."

Https://www.ig.com/en-ch/news-and-trade-ideas/what_s-next-for-the-hang-seng-index-with-recent-raft-of-chinas-s-240925

This view of What’s next for the Hang Seng Index with the recent raft of China’s stimulus gives me heart to expect Pru not only to follow back up but narrow the gap in trend which has developed this year, for no other apparent reason than fears about confidence.

Over last 5 days, Hang Seng is currently up 8.7% and Shang Hai 6.4%.

For today I'm thinking a further 1% lift for PRU is a reasonable expectation.