Member Info for Couerdelion

The free shares are part of the bonus which are approved by shareholders.

One could also argue that it is unfair for me to have received a 100%+ SP increase over the last year but, rules being rules I have been forced to accept it.

All seems to be on track unless I've missed something important. There's a bit about accounting treatment too for those interested in that sort of thing but it doesn't look particularly serious and all it does is defer profits, not cash.

A healthy set or orders for nuclear should spark a little interest here. It's about time the SP started moving again.

By that logic, there would be no cheap stocks around because the institutions would snap them all up the instant they were "too cheap". If they didn't spot cheapness when it was called Rolls-Royce, how do you think a much smaller pool of investors would earmark Cleantech as the place to go.

You can see the NPV figures from the PFS and make your own judgement and are perfectly free to decide that the 20x upside is too risky for you.

What imaginary timetable is up today? If it is about the Molefe presentation then the expectation was that this would be around in the next month - as said by JMK on 07/04.

There was no deadline or fixed timetable.

Where did you see that we were being repaid the GDNT loan at IPO? I only saw the bit about a chunk of it converted into shares.

Thread title already looking a bit dated.

That said, I'm afraid I could not ignore 580p per share. Left a last tranche in but this is now looking very frothy.

This is starting to look like a day traders paradise here. The sooner it breaks through that 72p barrier, the better. Otherwise I might just have to start trading this generous range.

It's early days but the planned $400m buyback tender offer is scheduled (Q4 IIRC) to spend around $400m to buy back shares at an expected discount of 10% to NAV. This works out at current valuation to around 10% of the total share capital and if we assume a 10%pa growth in NAV between the last valuation and end-September, this would give an offer of around £41 per share. The rise in the SP today is broadly consistent with getting a 33% uplift on 10% of the shares. BUT.... the proposals are clearly being planned as an annual thing so any LTH could theoretically over time tender all of their shares at the 10% discount effectively meaning that they'd get a 27% uplift to the SP if they were willing to wait long enough.

Now clearly, the hope is that this, along with other measures, leads to a reduction in the NAV discount, let's say to 20%. This would certainly be welcome and give everyone a 13% SP uplift on top of the fund performance. But even if a 20% discount persisted, you would still be able to either take the tender of 10% shares at a 12.5% premium to SP. And if you don't really need the money you can reinvest it for another year to get that same 1.25%p.a. uplift purely from the tender. If the NAV discount remains at 30%, that 1.25%p.a. uplift becomes 2.86%p.a.!!

In short there's lots to like about this plan. Either the discount narrows or we get left with a long term valuation disparity that will only add to the potential annual returns you can make on the shares. My guess is that the market will figure this out and the discount will narrow a little but would still leave a tidy annual margin.

Looks like a lot of interest coming this way today.

You right. I should only engage in conversation with people able to construct sentences,

Realists would base their views on facts instead of manufacture their own false narrative. LTHs will have seen the presentations and read the RNSs so will know the true picture.

We don't need anything new beyond the latest update. That alone should be triggering a lot of interest in CHAR to drive the price at least beyond 2p where it will still be cheap.

And so they keep coming....this will keep momentum going for a while yet. Let's see a concerted push towards 80p.

Stop with mindless ramping. At least read some of the other posts so that you have the correct facts.

I was thinking that a logical step for FIPP at this stage would be to realise some of the value in CamGraphic now to first resolve the "going-concern" issue, to slightly rebalance the portfolio, and to provide funds for further investment opportunities. If their holding in CamGraphic is now worth c£20m, a 25% sale would still leave plenty in the bank while also putting some money into the bank.

Where are you getting the 6.5% figure from? I think everyone else here believes it is 9.1% of the CamGraphic share capital.

Https://www.investorschronicle.co.uk/content/731f1626-0904-4d51-9a44-34482e563e6f

It doesn't tell you anything you don't know and completely ignores the capital reduction/return of capital point so take from that what you will. It was also a "hold" recommendation.

I'm not sure who is posting here who wants the price to drop although you do sometimes get occasional posters thinking that they can scare holders into selling in the hope that they can pick up shares cheaply.

Don't confuse non-holders with disaffected long-term holders who will be sitting on large unrealised losses and will naturally be unhappy with the SP performance and likely to be critical of management performance. Fortunately for older and more recent holders alike, things are looking a lot more positive now both in the recent deal and in the current SP activity.

40p now looks cheap. Prior to this news we were trading at close to 80% discount to NAV. The extra 23p/share NAV boost appears to have left us with the same absurd discount leaving us still with 400% or so upside here.

There might be a little profit-taking here and there but the SP doesn't even fully reflect the value of the grant let alone the value of the investments we held up till now.