Member Info for DaddyAIM

I have been long and lost money due to these crooks.
This take over rumour is a deja-vu to stop the share price haemorrhage.
If TRMR was really serious, insiders would not continuously sell shares. Pulling out a chart of insider transactions is shocking. TRMR is used as a cash cow. I do hope all their option expire worthless.
I believe that playing TRMR as a 'special sit' stock is dangerous until the board is OUSTED.
Fwiw - In English, "tremor" means either "trembling of body" or "small earthquake". It was all written on the tin.
STRONG SELL

If you wonder here is an explanation. Nothing dodgy.

The $16.9m tax charge for FY22 seems high in relation to $14.8m PBT, but a material portion of CNIC's administrative expenses - namely foreign exchange gains/losses, share-based payment expenses and the bulk of amortisation and impairment of intangible assets - are not tax deductible in almost all jurisdictions in which we operate. As such, a more realistic effective tax rate should be derived by dividing the tax charge by EBITDA excluding FX and share-based payment expenses, which is (AEBITDA $86.0m minus Non-core opex $8.2m =) $77.8m. 16.9 / 77.8 = 21.7%, which is a more meaningful ETR, even before we get into breakdowns of PBT per jurisdiction.

another thing to consider - The Fed might be more averse to continue to hike as something broke. This is also a tailwind to GROW.

Just landed in Bloomberg.

SVB depositors will have access to all money Monday.
Fed announces new emergency bank term funding program.

You really are clueless…

Thankfully did not sell... was a good RNS, end markets remain strong

SVB Maths:
- $ 190 b ish of deposits
- $ 40 b AFS and cash - most likely already sold entirely
- $ 90 b HTM most likely sold to likes of GS/MS at disc and to be liquidated - part sold already by SVB

Assuming 10% haircut on these two (conservative) that’s $ 120 b ish realized already - that’s over 60% of deposits.
Then you have the loan book. $ 75 b of it that will take longer but 70% of this is private/fund banking loans, so should realize at decent price.
Say a conservative 30% haircut, that’s $ 50 b in a few weeks. That’s close to 90% total recovery.
Worst case is these VCs etc. get a 10% on their ill-earned deposits, that’s a light penalty and far from being systemic of threatening their operating model.
That’s the maths, call out the fear mongers.

fwiw - At a PLC level most of cash is with Barclays (minimal with SVB)

sangi is clueless - scaremonger

I am here to provide liquidity at this level - go on

Overall: buy - knee jerk reaction

SVB: Molten had a call with SVB last night - CEO provided reassurance, Molten felt much reassured.

Portfolio: holdings have more than one counterparty for their funding. Most have some exposure to SVB but NOTHING SUBSTANTIAL. Holdings with exposure to SVB are looking for additional suppliers. Molten CFO said his portfolio is in good shape. Within the portfolio, cash runway is healthy without need to raise. Overall, motlen portfolio is in a GOOD SHAPE.

Loan: total is £150m, split: 40/60 SVB/JPM from which £60m RCF (undrawn) thus SVB exposure is 40% of £90m = 36m. If SVB goes tits up, THERE IS NO CLAW BACK but in an unrealistic worst case scenario, Molten can still use its £60m undrawn RCF that easily covers SVB.

Funding: Molten still raising cash within their EIS and VCT funds. Last interim showed £58m available to invest and CFO is also looking at other funding sources too.

drivel.

today's knee jerk reaction is a buying opportunity imo

hold one guys - did you think capitalism was nice and sweet? ^^

indeed...

yeah disappointing premium but can't blame Ted' - he is a business man...
Now Kape needs to bid him up and holders keep ya hands sticky

If Unikmind can't reach 75% threshold, they can't delist the stock and will either withdraw or bid higher.
Withdrawing is unlikely as their target makes Kape ridiculously cheap vs peers.
This leaves the only viable option, a higher bid.
Looking at median ev/ebitda multiple (c. 11x) this values kapes at 360p vs currently 290p c. 20%+ higher ! as other say "HODL" !!!

Forward consensus is what matters and it's pretty low leaving room for easy beats.
Low valuation provide downside protection.
STRONG BUY.

“they’re all TTM (Trailing 12 months based) so they’re based on the latest trading updates and calculated forward. (Not by me but by the algo’s :)”

By definition TTM/published data are not forward looking or calculated by algo. It’s priced in and backward looking.

the massive issue velo is that all your analysis is backward looking thus priced in.
Kape does not have the best cash conversion c. mid 40s but the growth and the valuation on conservative consensus warrant a buy.