Member Info for DaddyAIM

ASML results show that the trough in the semi cycle is now behind us. CML has retraced a lot and now screens very cheap on EV/EBIT and P/E. STRONG BUY

Raising a beer to all the retails who sold in the hole. Thanks for your shares.

Raising a beer to all the retails who sold in the hole. Thanks for your shares.

I love to see such block trades!!!

Barclays is at 430p

Good stuff rivaldo - thanks for sharing

Today numbers imply one more hike in july and then a pause - the end of the hiking cycle is in sight. STRONG BUY

Indeed Steph - the reform should be a huge tailwind to UK VC, PE and UK small cap / AIM. Seems politicians also have vested interest ;)

Kestrel ie Mr Royde ie CNIC board member continues to buy. Best buy signal !

Interesting take from Numis:

US listed peer System1 yesterday afternoon released its Q123 results for the quarter to March (shares -6%). Advertising & Partner revenue was down by 37% y/y and down by 13.5% sequentially. By comparison, CentralNic Online Marketing revenues of $150m in Q1 were up 15% y/y and down by 7.6% sequentially, continuing its relative outperformance. Overall Q1 revenues for System1 were $168m, down 10% sequentially. System1 guidance for Q2 is for overall revenue of $146-149m, down 12% q/q at the midpoint, somewhat at odds with the outlook statement that "we exited Q1 with regained momentum in our advertising business". We think the best comparators for CentralNic are Google's Advertising revenues and Traffic Acquisition costs, both of which consensus forecasts to be up 5% sequentially in Q223. We model Q223 CentralNic Online Marketing growth of +3% sequentially.

Very good indeed - valuations are very supportive too

Https://www.edisongroup.com/edison-tv/molten-ventures-executive-interview-2/32460/

as mentionned previously, it's time to accumulate now, not when it's up 50% and trading at a premium to NAV. Have a longer term horizon and average in. Peak interest rate is around the corner, and more than one hike are priced in the market. TOday US core PCE came below expectation, brilliant. Current discount to NAV is non-sense and implies 60% of the portfolio is written down to 0.

Up we go!

So much good sound bites in this podcast!

the change in strategy, focusing on reported profitability ,away from M&A.

telling you again, we have an insider buying heavily, a new CEO, a new capital allocation strategy, maiden reported profitability... this year will see the rerating! STRONG BUY

As a reminder Mr Max Royde is sitting at CNIC BoD... can't make it a better insider!

he also has a strong investing record into UK tech.

https://kestrelpartners.com/team/max-royde/

KEstrel's mandate is not to take over companies.

As per their website "We build large minority equity stakes in smaller quoted companies".

Accumulate here, you will be laughing out loud within the next 12m

Kestrel knows what's going on from the inside.

KEstrel knows this year will be the turnaround with reported profitability.

Strong buy.

Switch off screens - you will be laughing at your stress in 12/24 months time.

Investing is not easy, it plays with your emotion and your solvency level.

STRONG BUY

Thought the presentation was positive.

Again such discount to NAV implies that 60% of the portfolio is written down to 0. Non sense.

STRONG BUY

NAV of 780p (versus the c.775p in the trading update in April) is down -17% YoY and -7% since the half year.

It ended the year with £23m consolidated group cash, having drawn down £90m of its expanded debt facility (total RCF of £150m), hence net debt of c.£67m. Its portfolio remains well funded with £1bn+ of capital raised by investee companies in L12M, of which 90%+ were at least at the same level as GROW's holding values. 80%+ of Core companies have 18+ months of cash runway as at 31 March 2023. Company remains "cautiously optimistic for the year ahead" but the board will continue to prioritise the preservation of capital, and believes the cash requirement of the portfolio from GROW in FY24 will be c.£20m.

Loads already priced in at 300p.

private assets always lag public - what we are seeing feeding through is last year action and is therefore mosre than priced in at current level.

On a macro standpoint, we have Peak rate and Peak inflation. The worst is already behind us. At a discount to NAV of 60%+ you are basically writting down to zero 60% of the portfolio. It's just madness. STRONG BUY