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Does the Nvidia result prove that? I thought that they simply proved that businesses are still spending lots of money trying to get AI to generate income. But the AI bubble itself is more about companies demonstrating that it can.

..in the meantime, all of us income seekers will just wait for their dividends and look askance at the shareholders worried about the price.

Markets can be weird. That and a little broader market sentiment but here the main driver is weirdness.

Not sure this is a great help but I think this is just one of those places you just have to be patient and wait for the market to turn. I am certainly thinking of adding here tomorrow although I have a few other places I might be adding to first.

Would have been a crime to miss these sorts of prices and, as luck would have it, my limit order struck lucky today. My only concern is that I could perhaps have found a cheaper price but I'm not going to try to pick the market bottom here.

Well that's it for the latest buyback. And comfortably ahead of the results announcements. Current share count is now below 145m.

Odds on it will be tomorrow. Just as well that I added today.

But I have been saying this a lot recently.

"it seems inconceivable that the mining majors haven't employed the world's finest chemists and processing experts to squeeze every last drop from their mined material"

There's only so much band width that the global players have and they also suffer from holding too much power at head office. This allows more nimble players to exploit the gaps while bigger players are concentrating on bigger things.

Https://www.investorschronicle.co.uk/content/3e61b87d-5075-443b-8e61-946ba902b145

You sold at 1715 a stock that you expect to rise 50% in the next 12 months??!

Yes, let's not allow short term noise to distort the big picture

And here's another one - sigh!!!

IMV, this one ought to be taken fairly positively. For a near trebling of the SP over two years, just 5m options will be granted (of £230k in today's money).

And what SP is the company valuation based on if not $8.80 x Total number of shares. Multiply that by TEK share (= TEK shares/Total shares) to get the valuation of $8.8 x TEK Shares x Total shares/Total shares = $8.8 x TEK shares.

Short cut works fine at my end.

Percy, you mark MKS as a strong buy but suggest it is overvalued. Some mixed messages there.

"The mistake is multiplying TEK’s old share count by $8.80, that price applies to the new shares being issued, not to TEK’s whole holding. After the IPO the total share count increases, so TEK’s % ownership drops from ~70% to ~40%, and the correct valuation is based on that reduced percentage of the post-IPO market cap not the raw share count."

I agree with BOGOF . The value of TEK's holding in GDNT = Number of shares multiplied by price for those shares (and $8.80 is simply what we are using as a proxy for that price). It would also value GDNT at $43m and give TEK a c60% ownership post-IPO which is shown in black and white in the document (around p91 iirc).

What happens once the shares are trading is for anyone to speculate. But we'll still own 2.9m shares and the new investors will still own 1.7m and each share will be worth exactly the same.

All will be revealed when results are released - with shorters banking on a fairly poor set of results. As for the buyback, I don't think the rate of buying matters all that much but with the shares gone the EPS will be up quite substantially and even that will be based on an share count over 7% higher than current.

...which will comfortably fund all of my presents this year.

I have no idea where this might move in the near term though I think that the current price is reasonably cheap and RSI stats would suggest the next move is up. I don't trust my chart reading skills so advise others to do the same.

Well I for one will be adding here well before the SP gets as low as 300p. If I had to name a price now, I'd pick the 330p resistance level.

Bill, I can't reconcile the total shares post IPO to their figure of 4.9m. They show 3.6m shares owned by management and TEK (including converted loan notes), and 1.7m shares sold so not sure where extra 400k shares go.

At $8.80/share, TEK's post IPO holding of 2.88m shares is worth $25m (c£19m) which is a relatively small uplift to the current NAV. With a 50% NAV discount that's £9.5m or 4p/share.

Total shares offered in IPO is 1.7-1.95m and will raise $12.8-14.9m at $8.80/share (the range depends on whether the underwriters take up the extra 250k share allotment)

If it helps relax about the SP performance, take a look at the dividend yield. Not the highest but you're still getting a better return here than cash for parking some of your money and with the added prospect of meaningful capital gains. We don't know when those gains will come but can at least hope to see progress from successive results where perhaps we will also get to see how the changes at the top are reflected in the business.