Member Info for ConstantineBay

Shares are below £7

at some point this company gets taken over. 16x PE

WWGrainger could buy their US biz.

Great hire! 20 years experience in the Defence workd at Leonardo and then Teledyne

Filtronic is such a great core long term holding in ny ISA

Up 16% at the end of the day.

Proof that demand is increasing in hydrogen space and only a matter of time

Don´t know too much about Nucera - but seems like shares are up today on decent results and outlook:

https://investors.thyssenkrupp-nucera.com/news/thyssenkrupp-nucera-reports-strong-growth-despite-industry-challenge/37bc81e3-52b7-472c-abdc-ca48ab5709cb

Why are the shares not moving higher? this is another great upgrade.. SpaceX will continue to drive growth!

We update our FY25 guidance as follows:

· Revenue expected between £18m and £22m (unchanged)

· Adjusted EBITDA loss in the range of £32m to £36m (improved from £35m to £40m)

· Net cash at year-end in the range of £170m to £180m (improved from £160m to £175m)

Correct - Seeing so much UK takeover activity now aswell

Macquarie bidding for Renewi, Apollo bidding for TI Fluids, International Paper buying DS Smith

probably alot more bids going on in UK diversified industrials in the background

Lonestar bid 200p in 2021 for Senior plc, 40% above the current share. At some point the existing shareholders Will have to pressure the board to do something. I suspect a takeover is imminent with either PE or Ametek (US competitor) waiting in the wings… Thoughts?

Are we expecting a trading update anytime soon? was there one this time last year?

Going to be a bad day today for serco unfortunately

1) lost the Australian immigration contract.

2) Higher UK NI costs

This source is an industry insider

https://misstweed.com/articles/moncler-mulls-bid-for-burberry

I think this Bloomberg article is helping the narrative today.

https://www.bloomberg.com/opinion/articles/2024-10-25/coach-s-tapestry-should-try-burberry-after-michael-kors-deal-blocked?srnd=all

Makes sense given current BRBY CEO comes from Coach/Tapestry

Only issue (big issue) is that Tapestry will continue to pursue the capri merger. They have already appealed the ruling.

ITM Power PLC is pleased to announce that Joh. Berenberg, Gossler & Co KG, London ('Berenberg') and J.P. Morgan Cazenove have been appointed as joint corporate brokers.

Previous broker was invested

This is positive. JPM Caz has a big track record of selling UK biz if the stocks don’t perform on their own. So much UK madcap m&a goes through them. G4S, signature aviation, GKN etc…

Positive for shares

As much as i want LVMH or Moncler to buy out Burberry i’m worried near term.

I bought a bit at £10 so deep underwater this year. thankfully small position so only lost a few k’s.

I think once a luxury company enters a decline its hard to stop the spiral.. Lux customers are fickle and BRBY will start to have to discount stock. The brand will lose its shine. Stuff will pile up at outlets. Daniel Lee will leave etc…

I see a big risk to having to writedown inventory and slash costs if not company will be unprofitable..

My hope is that moncler which is an expert in outwear and sportswear (stone island) which are both core to BRBY.

Moncler is doing over 1bn of EBiTDA and can 1bn of net cash so can afford the c 4bn BRBY EV.

Remo Ruffino CEO of Moncler is ambitous so there is a chance…

Any thoughts on Moncler? they are 20bn market cap beast

Market is having a bad day so ITM release has been lost.

ASML is down 7% driven by Intel 20% cut. AMZN also down on poor consumer sentiment.

Doesnt help that all the grownups on the trading floors are on holiday so no decisions by serious money will be taken these weeks

good opportunity for us degenerates to buy shares in ITM

A unscheduled trading update is always welcome!

FY24 guidance update - improved EBITDA position

Our trading update announced on 6 June 2024 stated that we expected the EBITDA loss for the 12 months ended 30 April 2024 to be between £39.0m and £44.0m, improving on the previous guidance of £45.0m to £50.0m.

The EBITDA guidance included a provision relating to disputes on legacy projects. We have now concluded these matters and can release the provision for FY24. Accordingly, with the audit nearing completion, we expect the EBITDA loss for the year to improve to between £30.0m and £32.0m.

Our preliminary results are due to be released on 15 August 2024. Details of the presentation for analysts and investors by Dennis Schulz, CEO, Simon Bourne, CTO, and Andy Allen, CFO, which will be held on that date at 9:00 a.m. BST, will follow.

What are the chances of a takeover of Wizz? 5x PE pre results (maybe 6x now).

Shares are trading at 1,700p, 3x below where Indigo partners sold GBP400m in March 2021 at 5,200p. In hindsight what a trade by Indigo absolutely calling the top. Absolutely peach.

Surely Wizz could be a takeover target from either private equity given airplanes? or a sovereign airline?

Maybe the fact that Wizz is 100% leased planes is an issue.. Ryanair mostly ownes its planes.

The problem seems to be the whole industry is struggling. US carriers not doing well are all also trading on 5x PE. IAG and Lufthansa not doing well. Not sure how carriers like Etihad or Emirates are doing or if they are even interested?

Am I missing anything? Stock is trading like the Middle East is going to blow up..

I know in 2021 Wizz was looking to bid for easyjet..

Ecolab printed +9% growth in their Pest Control business yesterday

Pretty poor from rentokil to only be printing 1% - 2% organic growth in their Q2 in pest control

shows you they are losing share

Company still has plenty of runway to grow new stores and to grow into evening (not just breakfast).

Combined with continued capex into distribution centers..

the share price is very attractive

greggs is clearly taking share from McDonalds who for example have pushed pricing too aggresively

Serco appoints former GDS leader Tom Read to digital leadership role

Mon 22 Jul 2024 // 08:32 UTC

UK outsourcing provider Serco has appointed Tom Read, head of central government's digital agency, to the role of group chief digital and technology officer.

https://www.theregister.com/2024/07/22/serco_appoints_former_gds_leader/