The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has been released. Listen here.
Probably due 21/22 July. Feb results so strong they paid special div. Directors own about 50% and J P Morgan have been recent buyers. So I am taking the plunge. looks like a good opportunity in a tricky market, offers more upside than down in my view. DYOR
While this is clearly good news that the Ovarian Cancer/Parsotix study, after all the hurdles/tasks are over, is now starting, with leading German hospitals etc, and AN says next stop USA, why is it not possible for these trials to take place in UK? One would think it should be more straightforward/faster for AGL to make progeress in their own backyard surely?? Limitations of UK NHS/Private hospital sector maybe. Shame
Amazed this BB is so quiet. DTG just reported very strong results and shareprice rose 6% in response. Then lost it again the next day with the travel sector sell of. I dont think UK consumers will take less holidays but will continue to choose shorter haul plus substitute Spain etc for Turkey/Egypt/Tunisia etc as has been happening for the last 6-12 months. And the Chairman has plenty of skin in the game - his personal investment in DTG is almost 300m pounds. If the travel sector softens next week I will look to double up my current holding in DTG.
And more 'related party' buying yesterday just notified to markets. 940k shares. this gets better almost by the day...
I guess whether it is attractive depends on your objectives . It will never be a 10 bagger or takeover target but they are tough to spot. But as the BoD wind it down and sell assets capital is returned in chunks. I believe it is very low risk and think of it as near-cash but with a much higher than cash return. I am hoping it will return 70p in 12 months o r so. Anyone paying sub 60p could pocket 70p -15% return. Maybe not a big deal but works for me as a great risk/ reward play.
Just heavily tipped by Simon Thompson in IC. Like LXB, they are winding down through realising company assets, 2/3 of which are UD$ denominated so have significantly benefited from the fall in the pound. ST thinks the assets atre worth niorth of 90p and he believes the market is overlooking their real value. The board are all credible city figures (not spivs!!) and this looks to me like a one way bet. But dyor
Director buying another 600k pounds on 8 July so solid confidence from someone with the inside track. Good enough for me. Time to average down and load up while still at this low price!
Very interesting analysis and I share many of your views. And of course wish that I was 95% in cash right now like you! Well done. Cash is king just now. I suppose the only joker in the pack on your book value anaylsis is that some value more conservatively than others- and at different times?. In times of turmoil like this mercant banks are often rushing around trying to stimulate mergers/acquisitions and anyone below market value is fair game, so long as consolidation can bring cost saves or market benefits.As with Taylow Woodrow and Wimpey.
Another director adding another 100k. Looking good. Onwards and upwards.
Even today with such a strong trading statement and outlook. Strange . It would be good to hear from other shareholders in this below the radar quality company.
To paraphrase: this is gonna take far longer than we planned but its not our fault! Hard to see what will bring a rise in sp this year now.
Very thorough analysis in IC today. Suggests a conservative uplift of 40%.very happy I doubled up at 205p.
This seems quite a unique situation. The company is winding down and returning realised capital to shareholders. Mine arrived today. Simon Thompson Investors Chronicle has written up his analysis today having spotted some buying from the team presumably reinvesting the proceeds as I have just done + a bit more! Those closest to the likely future capital pay outs atre putting more of their skin in the game. Good enough for me to double up..
Many of you are closer to this than I am so how is the cash burn? If they need funds the placing will be at a very low price. almost option money now and still trending down..... For those confident in the product/company, a good chance to average down?
You are so right and if town planners would do govt wants and get their collective fingers out then builders could increase output . And bvs offers best value in the sector but investors have lost confidence in the management . Needs some institutions to shake up the board . Or a takeover to release value
Just spotted that pag have been buying in their own shares for a week now. They are way off their high of 440 and ubs have just posted target of 460. I think the hitbto the buy to let market has veen way overstated and although I am jursing a lossvgere I feel its time to Average down before exdiv on 30/6. Yesterdays brexit poll may give a buying opportunity today too!
I was just going to buy but then saw the spread above. 2.26% Jeez. is there a reason for that or just MM greed?? Reasonable t/o today so no excuse for that profiteering surely?
.. at the last minute in the hope that BHY get the positive w/e press cover that they merit. But maybe too far below the radar... Happy to tuck away at this price anyway. I like the risk/reward potential. BHY talked of Brexit risk in their results but I see the bookies have a gap between in or out of about 25-1 in favour of staying in. Looks just now as though, much as many find the Brussels dictats (and expense accounts!) intensely irritating, fear of the unknown will get a remain vote done.