Member Info for Couerdelion

Could he not wait until we got a few more modules running.

Closed another position today but went a little too earlier when it reached my target. Ah well, a profit is still a profit.

Well we're back into the tariff wars again and Trump has turned up the rhetoric which seems to be spooking the US markets. Pundits are largely expecting much the same as before but I guess the markets are a little worried about the impact on bond yields again.

For now BUR seems to be having a strong session in NY and heading to around 1030p.

Same paper, Matthew Parris thinks that her position is almost untouchable.

OK, LLOL, but now I think there is a little inconsistency in your argument. On the one hand you're not happy with TEK being the bank for all the subsidiaries and you want them to raise more capital at IPO and those two items are consistent - no new money and ideally money coming back to TEK. It's that utopian world we all wish for.

But the middle ground where the subs get their funding from elsewhere (new shares at IPO or a fund raise) is somehow a bad thing even though the alternative of maintaining the % holding during a fund raise involves money from TEK, which you presumably don't like either.

Consistently, eh?

Final results came out 3rd December. Opening price was 183.6p, closing was 206p. It closed at 234.5p at the end of that week.

Strictly, presumably you have other assets availability (including future earnings) as that 100% figure is reckless and I would certainly not encourage that proportion of investments held even in the same industry, let alone in a single company. It was for this simple reason that I chose to invest in LGEN - I was looking for an income stock to diversify my larger PHNX holdings. I have since shifted some more PHNX holdings to LGEN for a higher dividend but if I were to switch all of them, I would lose all the diversification benefit which was the original point.

I think you are simply trying to maximise return but it comes at a very high risk premium. It's not just black swan events you might need to worry about but even some rather more mundane events that can strike at an individual company.

LLOL, How is a fund raise for SALT an example of TEK funding? I thought they got all their money from an oversubscribed offer.

The market and his dog all expect there will be another tariff deferral. Even if some tariffs were to apply for a few days, the feeling is that the bond markets would tell Trump where to go and he'll cave.

We have some loan notes with SALT and with Guident but that's as far as it goes with the Bank of TEK. They should be worth their face value - arguably more so than the underlying shareholdings.

Of course BELL and LUCY are effectively write-off, but no-one is invested here for those holdings.

I view "dividend" stocks quite differently to many others. More like a high interest bank account that I can put money into when interest rates (ie Dividend yield) is high, and take money out when it is lower. While LGEN has definitely lagged the other two companies, it means that it is now paying a higher dividend yield than both which means it is my prefer investment of the three of them right now. In relative terms, it is underpriced as it should be paying a lower dividend yield than the others (maybe 25bps lower than PHNX).

If Goldman are saying the dividend needs to be slashed to 4%, they have an analyst who doesn't seem to understand life insurance

What happened to the SP today? Are they expecting people to rush to Greggs tomorrow as the wintry conditions of 25C set in?

Sounds to me another attempt to persuade the government into propping up an unprofitable business. What's it got to do with JOG shareholders?

After hours trading finished above NY close.

We're still 2.5% below NY closing price of $14.26/1.377 = 1036p.

My guess is that we are still shaking off a few profit takers before the SP can start heading north.

If we are dealing with a legal issue and maybe this is something that they are considering or have considered. If they are considering it, they can't really say much until they and the Board have made a decision but they might also have concluded that it would be unnecessarily costly and time-consuming for a business that really needs to prove its profitability. Or it may just be the case that their legal advice suggested the claim was unlikely to succeed.

If I am correctly reading between the lines, they have highlighted the scale of the restatement and it is unambiguously material (so much so that the auditors couldn't sign off on 2024 earning) but they are trying to draw a line with the past by highlighting the future.

One other point would be that there will still be people in the business today who would have some involvement in past mistakes so dwelling on that will not be good for morale.

As an investor, I am happy with the "hypothetical" company stance.

There's the key line for me - "In HY1 2025, we expect to be cashflow positive"

I'm going to predict this to be a busy trading day for GNIP - over 20 trades even. The early trades are encouragingly non-trivial.

The market is still trying to find its feet today. With the news we've had, I can see this going on a bit of a run to at least £12

Or we can just read the RNS.....

Another win. Would have been nice to see a little financial information but maybe we can expect some sort of trading update in the next month which will tell us a little more about the progress towards profitability.