Firering Strategic Minerals: From explorer to producer. Watch the video here.
The AIM 100 bear market started on August 2021, and so now has continued >700 days. Making it one of the longest on record. During that time it has fallen around 50%. The wider AIM market has performed even worse and has underperformed other junior markets around the world.
How much longer can this bear market last when the market is expecting rate cuts in the near term?
Has there ever been a better time to invest in AIM stocks at such low valuations? AIM stocks as a whole have historically performed poorly and opposite to previous periods the last 20 years small caps have underperformed big caps.
While this is true, some AIM stocks can have astonishing returns. The businesses of Microsalt and BELL have had fantastic years even while the SP has fallen. These are great companies long term and when financing conditions and sentiment improve these are likely to be among the first to prosper.
Interesting that people blame LUCY for the fall in TEKs SP but if you look at the correlation of TEK and BELL it is fairly high while TEK and LUCY isn't that high at all. Aside from the Microsalt IPO of course will be interested to see the end of year update for BELL and the rate of production in H2 2023. With the new investors on board and Innomax up and running, looking for a decent improvement.
Theoretically, it should be a good moment to IPO. Rates have peaked and the market will increasingly be looking for cuts going forward. I am hopeful it will happen in December. Don't particularly like being kept in the dark, like everyone else i suppose.
I thought LUCY came to market too quickly. Usually, businesses are a bit more developed before they IPO. Also seemed to be overtaken by the bear market, which was unfortunate.
Always fascinated to see people who use reference points to determine their investing activity. Usually based around where they bought because they don't want to exit with a loss. This is prospect theory from kahneman and tversky but it is fascinating to see people actually doing it.
Interesting article looking at why the UK is doing so bad for IPOs.. eyes emoji.
https://www.bloomberg.com/news/articles/2023-11-20/uk-firms-sold-off-at-bargain-prices-add-to-ipo-market-s-misery
Sad really that they sold any of the stake at what will probably turn out to be the low. Really about a sixth of its true value. Would think Cliff would stand to lose more by taking the bonus given he holds a significant amount of the stock.
Theboyg can get quite hysterical. Of course anything can happen but wouldn't really make a lot of sense. Either way looking to add some more in the next couple of months. Easing of financial conditions and ramping up on sales should provide for a nice correction.
Personally, my choice of eyewear is based on traditional characteristics of quality. As MrOzzy said i am not really looking to increase my social media time. Also a bit worried about the radiation being so close to my head.
Having said that, there is definitely a market for these and the brand could do well. Definitely exceeded my expectations so far. My concern is the cash burn when bankruptcies are likely to pick up in the next few months. I don't think it is necessarily a bad company just that i wouldn't look to invest in it on a standalone basis. The other 3 companies i would and have.
1. Not sure if the insinuation is that BELL is correctly valued. I would argue that BELL is highly undervalued and so therefore is TEK by extension.
2. I think that LUCY is having a disproportionate influence on how investors view the trading of TEK. The thinking by some is that private valuations can't be trusted and only those valuations of publicly listed companies are reliable. Thus, if Microsalt has a successful launch this will change a lot of people's sentiment.
Https://ukinvestormagazine.co.uk/tekcapital-investor-presentation-october-2023/