Utilico Insights - Jacqueline Broers assesses why Vietnam could be the darling of Asia for investors. Watch the full video here.
Totally agree TT they’re awesome numbers & makes the current valuation and shareprice an absolute joke which the market surely can’t ignore for much longer and with gold pushing nearly 2000$ an ounce this has to be right up there with one of the best value plays on aim at these levels ..but that’s just my biased take on it which I realise means Jack to any 1 other than to me . Anyway I’m chuffed to bits with that today & better still , it’s delivered earlier than expected always a good sign that . Happy days
Archways that post of yours earlier was one of the most inspirational I’ve ever read on these boards for many a moon so just wanted to wish u well for ur forthcoming treatment and hope ur still here with the rest of us when this ship finally sails into that golden sunset…
as it’s nothing less than u deserve .
So GL , keep believing & most definitely hope u reach that target u’ve set urself & helluva lot more besides u top banana .Got them well and truly crossed for u fella .
Morning all , just been reading an article published this morning which I’ve detailed below but in case it doesn’t show here are a few excerpts for u & interesting quotes from Tom Palmer
“It’s a transaction that’s not about volume it’s value
The core of our business are the 10 Tier 1 operations “
referring to the companies biggest and most profitable mines .
“We will work through a a very considered process over the weeks and months ahead and ensure that we get full value for anything we choose to re sequence or ultimately divest “
Mr Palmer said no decisions have been made yet on which assets may be affected .
Newmont views a number of operations as having potential to move from tier 2 to Tier 1 and has other assets it may be interested in keeping because “they are in great jurisdictions & they’re great development beds for future leaders of our business “
I can’t see them giving this up myself but wtfdik
A great day to all invested here ..exciting times GLA
https://www.marketwatch.com/story/newmont-to-mull-possible-asset-sales-after-planned-newcrest-takeover-interview-9c5b230a
Kewjosh fwiw u have been a tad harsh on DB fella as he has played this share like Joshua bell played his messiah Stradivarius violin , buying in low & then selling at its peak of 160 , not only that he did predict this fall to the bottom for ages so that is top class share tipping punditry whichever way u look at it mate . Anyway let’s hope the recent uplift continues .GLA
Nice intraday reversal looking like it’s taking place again .
Didn’t think I’d be saying that earlier this week .nice to see all the same GLA
Nice to see a blue finish for a change cos its been a tough old time for all genuine shareholders seeing the decline in the sp unless ur avatar is deepest blue
In fairness to him though he has made some salient points , and his latest prophecy of doom could also be right ,just like it was when he sold out of Angle at its zenith of 160 as he constantly reminds us , & since he did it’s plummeted all the way back down to 16p just like he said it would….
Fair play to him for being bang on the money cos no one can fault him for doing that as it was stroke of genius as it’s turned out .
In fact I’d go as far as to say his powers are not dissimilar to the great Clinton Baptiste , the legendary psychic off Phoenix nights ..cos he could predict anything just like DB can evidently do with this share & that’s some mean feat
So if he ever decides to reinvest back into Angle i would like to think he will share his wisdom with us all ,as I’m totally convinced that when he does dive back in , it will spark a bull run on this share probably not seen on LSE …since Warren Buffett was in his short trousers.
On a more serious note we could definitely do with a positive update for sure.
GLA
Nice to see a blue finish for a change cos its been a tough old time for all genuine shareholders seeing the decline in the sp unless ur avatar is deepest blue
In fairness to him though he has made some salient points , and his latest prophecy of doom could also be right ,just like it was when he sold out of Angle at its zenith of 160 as he constantly reminds us , & since he did
it’s plummeted all the way back down to 16p just like he said it would….
Fair play to him for being bang on the money cos no one can fault him for doing that as it was stroke of genius as it’s turned out .
In fact I’d go as far as to say his powers are not dissimilar to the great Clinton Baptiste , the legendary psychic off Phoenix nights ..cos he could predict anything just like DB can evidently do with this share & that’s some mean feat
So if he ever decides to reinvest back into Angle i would like to think he will share his wisdom with us all ,as I’m totally convinced that when he does dive back in , it will spark a bull run on this share probably not seen on LSE …since Warren Buffett was in his short trousers.
On a more serious note we could definitely do with a positive update for sure.
GLA
Nice to see a blue finish for a change cos its been a tough old time for all genuine shareholders seeing the decline in the sp unless ur avatar is deepest blue
In fairness to him though he has made some salient points , and his latest prophecy of doom could also be right ,just like it was when he sold out of Angle at its zenith of 160 as he constantly reminds us , & since he did
it’s plummeted all the way back down to 16p just like he said it would….
Fair play to him for being bang on the money cos no one can fault him for doing that as it was stroke
I think its may be u that’s confused skeletor as £60 million was FY revenue for 2021 …74 million was full year revenue for last year 2022 …and the £50 million revenue quoted in todays Rns is for pre contracted revenue …thats already been secured for this year in 2023 …but we are only in March well that’s how I’m interpreting it .
Well I’ve been investing for longer than I care to imagine tbh not always with great success I have to admit but over that time span that Rns this morning has to be right up there with one of the best I’ve read for many a moon . I haven’t got a huge stake in this by any stretch but only wish I had . The future is back looking bright to me based on that so GL to all invested here who now have a projected 8p a share dividend in 2024 to look forward to ..can’t be bad .
In the last hour or so . Onwards and upwards from here hopefully .
As jimbren states below Viatris I see reported strong figures for last qtr and at year end . Better still CEO Michael Goettler was confident that looking ahead at revenue streams in 23/24 & beyond would be a renewed period of growth ..which sounds good to me . Our tie up with these looks really promising as they must see huge value in it otherwise they wouldn’t be here so cud defo be a game changer just need to see it play out now . GLA
Apologies for typos .. replace producers with fortunes ..sigh
Viatris not bistros ?????
Interesting piece here on bistros who report their numbers on Monday , a definite game changer this Stx link up with them as despite a lull during the covid season the producers seemingly appear to look healthier for Viatris both in the last qtr and coming months . Not exactly one of the US giants but a very handy partner in a growth area that they seem to specialise in so looking a steal here at these levels to me GLA
https://seekingalpha.com/article/4580722-what-to-expect-from-viatris-in-2023
Yep that’s a very likely scenario as they take over the debt of OF after supposedly doing DD & agree to subscribe 15m $ for WC let it all go thru the process of getting it approved and right at the death pull the plug . In the meantime the administrators claiming £650 an hour find this out on the 31st & fail to notify til 15 days later & now say their job is to dispose of the assets racking up more obscene charges & no doubt will be negotiating at fire sale rates but making sure they get paid ,along with Armistice of course . It really does stink now all this .
It is mate utterly shameful as we all probably suspected when it gets to the day or day b4 Dday and nothing has happened in respect of the supposed urgent court hearing , u have to fear something and sure enough it’s now been finally revealed despite them knowing since the 31/1
“On 31 January 2023, Armistice notified the Joint Administrators that, as the Company's secured creditor, it would no longer support the use of the Company's cash assets to progress work towards the Administration Exit and that the Equity Raise, being the principal funding under which the Administration Exit was to be funded, would no longer be provided”
An absolute sh@t show & to think that these wasters have been paid £650 an hour just about sums it up .
Been a painful one this for me & lessons harshly learned so good wishes to all in a similar position & hope u all overcome it in time .
To quote Boonco /the Rns … we’ve now got one working day left without a stay of execution in order to comply with Armistice's terms which are
“The Company exiting administration by no later than 8.00 a.m. (London time) on 14 February 2023;" is code for midnight on Monday.”
Atm the control of the company still vests with the administrators at this juncture & has done so since 24/6 (so nothing to do with the BOD for once) as such it’s a fair cop to assume they presumably were fully aware of all the Armistice conditions well b4 the official Rns was issued at the end of December 22 (from memory)so I would have thought that the idea of booking an appt for the necessary court hearing to bring us out of administration once the very thing had been signed off would be right at the top of their agenda .
I also realise it’s not like booking a table at the restaurant either but bloody hell here we are with one day left to Meet the requisite terms & not a word or inkling anywhere to be found on the matter
I also fully admit to being unaware of the exact protocol here but is any one truly surprised that here we are yet again ,right down to the wire b4 we hear anything ? Ffs it’s so frustrating . We can but hope Fingers crossed & GLA
Wow that was a sudden turnaround and now the spread has jumped to 30.5-31 and 31 to buy . Let’s hope it continues this upward trajectory GLA
Just had a look at Armistice capital and can u believe they had at the back end of 2022……$ 5.7 billion under their management and here’s what they’re all about …
Armistice Capital is a global, long/short, value-oriented, and event driven hedge fund manager, based in New York. It was founded in July 2012 by Steven Boyd, a former analyst at Senator Investment Group.
The firm's strategy focuses primarily on the healthcare and consumer sectors and invests predominantly in equities but can be opportunistic across the capital structure. It seeks to maximize the opportunity set of investment candidates allowing for the selection of unique, concentrated bets to generate uncorrelated returns. The firm maintains a significant position and portfolio-level hedges in an effort to mitigate basis and market risks. It views its strategy as the marriage of value and event and aims to produce consistent, risk-adjusted returns in all markets.
Boyd began his career as a consultant at McKinsey & Co after graduating from the Wharton School of the University of Pennsylvania in 2003. He later worked as a healthcare analyst at Scott Bommer's SAB Capital before joining event driven hedge fund, York Capital Management, in 2007.
So This debt buyout of 4d and the W/C investment they’re making here is clearly something they see value in 4sure (it most certainly is at what they’re paying tbf) but if u take a look at their portfolio under management it’s a pretty diversified spread over the full healthcare spectrum. I admit to knowing Jack about them b4 the last Rns but I just can’t see them jumping in here without being pretty sure they are going to get a significant return on their investment but I guess I would say that being a 4d advocate myself . Finally as I’ve said b4 I get why folk are clamouring for a change in the BOD but I’m pretty sure that 4d was the original brainchild of DP &AS so I can’t see them going anywhere myself except leaving the business /finance side to someone far more competent than they are and certainly more competent than the last CFO they employed ..now he was sh@te .
Let’s hope we get some science updates very soon GLA
I’ve just re read the update Rns again and for what its worth I think it is exactly as R P Stock has suggested altho I’m no expert by any stretch but here’s my explanation as to why for anyone who is/was as confused as I was initially .
Firstly there is a new loan to replace the outstanding one to OF plus the additional subordinate loan which includes the additional funds being provided by DP /AS and armistice which effectively will be used to pay off all outstanding unsecured creditors and the administrators fees (I presume) with the option of then converting this debt pile into an equity stake at some future date , the grand total being somewhere in the region of circa 15 million .
On top of this , if the former is accepted by the shareholders at the vote , Armistice will then subscribe for a further £15 million by way of an equity subscription at 6p a share to provide the working capital facility the company needs over the next 12 months …to allow them to exit administration and the 2 sums combined (15+15=£30 mill ) will then equate to taking circa a 70% stake in the company once the loan is converted into equity .
In addition to the debt portion and the equity subscription ,my understanding is that Armistice will also have the further option of converting the multiple range of warrants they will be awarded as a result of the above arrangements being approved and that would enable them to further increase their total stake to up to an 87% max at a future date maybe ?
So as RP stock suggests it’s a 30 million input by Armistice for a 70% stake , which presumably values the company once the first 2 phases go thru at circa 43 million or thereabouts
Happy to be corrected as always but as I stated previously at least with this proposal we’ve got some hope, as opposed to having just Bob , even if the dilution is pretty dire
GLA
HNY to all invested here and yes I too feel it’s a total no brainer here to vote for the proposals put forward given virtually all of us had written this off ,(in our minds at least) so we have to be grateful for something I guess
I also totally get the negative vibes about Duncan p & Alex S as whilst they’re great scientists, business gurus they most certainly ain’t , so something needs to change on that score for sure
That said though both those 2 put £750k into the last fundraise and are now putting forward another £150k each thereby giving them another 2.5 million shares each if my maths are right
So My own take is on that alone ,surely no one in their right mind would be stupid enough to then put forward a further £150k each in here if they didn’t know that something was clearly imminent or at least in the offing ?
It’s also coincidence now with hindsight of course that that big trade trf took place shortly after armistice took control on the 27/10 and in some ways if they had offered the full package to clear everything including w/c for a further 12mths is it any surprise really , that they didn’t want anyone else involved at this stage, as I’m not sure why they would and even more so if their due diligence had proven successful , otherwise why have they it ffs is what my first impression would be .
On that latter point, I’d defo have no issues adding here but firstly I’d need to see some tangible evidence either with positive progressive scientific news or definitive milestone payments being received ,b4 I did , as we must be due something on that score pretty soon .
Tbh after that friday Rns I’m just so grateful we might get something after months of not knowing so here’s wishing all invested here all the very best for a healthy &prosperous new year to all 4d’ers everywhere GLA