Proposed Directors of Tirupati Graphite explain why they have requisitioned an GM. Watch the video here.
I think so Shaa. As much as Hadron were dumping on Tuesday, the demand from pi’s was large too, so there’s no way HSBC we’re going in big on Tuesday, it would have created a spike. I’m assuming they’ve been bottom feeding the past few days. We shall see.GLA
It’s not killed the SP at all, it’s still an asset. It’s important to have capital in the bank- puts you in a strong position when negotiating deals, so I understand the logic behind it. Cash if used wisely will add value. I suspect with warrants added we should have close to £20M - is that close? Before any post acquisition costs obviously.
So with that theory, the Atomic purchase was priced in prior to suspension? The 80% additional output along with the prospect of any further output growth was also priced in, as was the WTI increase, as was the Cuda legal proceedings and then there's Nigeria...........all priced in though.
Patience Shrewd. I think you illustrated what most of us have been feeling for the past few months.. The markets a game of opposites, when you feel like selling up every last damn share through anger and frustration - that's the time to buy! Fundamentals win through - read through the RNS on Tuesday - it was a monumental trading update. The seller has passed on an opportunity - time and patience will be rewarded. GLA
Done a lot of more research on this recently. Always a good thing to reevaluate your positions every so often. We’ve all spoken about our feelings recently with regards to CF and FY20 and I think it’s been done to death. Time to move on guys it’s becoming boring. I’m very excited about the future here, the current SP is a gift. We are in an industry that will only create further investment over the years, we are the world leading company in in this space. It does take time to build businesses and I think we need to give CF some slack. His one weakness is his obsession with the SP, however, how many companies can say that, a CEO who will give his all to get the SP up. Unfortunately his enthusiasm can be his Achilles heel but make no mistake this SP will get back to the heights we were at in May, it may take time but it will get there. There will be ups and downs along the way, if this does go lower I’ll be going heavily in - this is an opportunity not to be missed. We have the right to air our views but the constant negatively needs to stop. Broker notes put a value of 10p on the two non core assets of Prep and Imutex. So in theory we’re sitting at £80M mcap in a business which is forecasting £50M revenue. The bad year is behind us, we’ve absorbed it with £15m in the bank having invested heavily in the business for core and non core assets, now is not the time to sell. Sentiment will come and go and when the sentiment does come back you’ll be so glad you stayed strong and will even wish you bought more. Enjoy your Sunday all and let’s get back to a decent board once again. GLA
Thanks Rajbury. You got the gist though :-) (Googling gist frantically to see if I got that right, lol)
There’s a saying Herne “statistics, statistics and damn lies”. In other words you can use different statistics and data to communicate the story you want told. I am not accusing anyone of telling lies. I suggest you lighten up:-)
It's a good question Bear, and one in which I have tried to work out also. He obviously feels the need to try and deflect us away from being a "Covid" stock which it certainly is not and I wish he would stop doing so - he proteth too much and all that jazz. I think previous posters have answered it but in simple terms I'd expect £10M of this years £50M revenue to be coming from Covid. However, Codagenix is Covid so that on top of the Govt contract far exceeds the 20%. My own theory is, that they are not treating the Govt business as part of the "Core" business, it's seen as a sideshow as we don't own the Royal Free. Certainly when Leo presented the contract wins last year it never included the Govt contract - £27M contract wins. He may well be using it as a supplement to the business. Statistics, statistics and damn lies. At the end of the day, I don't care if its Covid or non-Covid as long as they hit their revenue target. The business and the industry would not be where they are today without Covid - that's a fact, and vaccine investment & development across multiples diseases has been directly impacted by the Pandemic and will continue to be so for the foreseeable future. GLA
I think it was a collective “we”. I didn’t see it as a dig at Leo at all. At the end of the day CF is the CEO so it’s his responsibility to articulate it better if he sees fit, it’s important they are all singing off the same hymn sheet. I think this is where having Leo present at the webinars would be beneficial as CF isn’t an accountant and therefore could be unintentionally sending out the wrong message. He does admit to getting carried away - so fair play to him for recognising his flaws, sign of a good leader in my book.
I’m assuming you mean 2% of Imutex. I don’t think we need to do that, ConserV aren’t as proactive as CF would like, however, they both want the same, so we’re aligned. I would have thought Conserv would be happy to sit back and allow CF drive the bus on this one, they’ll have the final say after all. I wouldn’t think they’d be any need to acquire 2% but you never know, not a bad shout.
Do we know who it was who had circa 7.8M shares? It wasn't you Swapleber was it? :-)
Very important post. This has been definitely holding us back, once published I'm hoping the floodgates open. Safely administered its the critical piece. GLA
Think so Bronx. Looks like he's done! Re rate on the cards. GLA
It’s hardly a high risk company. It was seen as the safest share in AIM before the downturn. To be honest, not a lot has changed. The financials were disappointing but they are behind in terms of revenue recognition but there’s certainly a question mark still. We have a rather large moat against us which is a huge asset. We aren’t going insolvent anytime soon, so at these prices I would say it’s a very low risk investment. Take CF as you see him, if you take him on accomplishments alone and not his bullish comments he’s performed very well. We have a seller which if you have a glass half full will be seen as an opportunity. Stick to fundamentals and facts and you get a great investment opportunity, I don’t high risk here but each to their own. My personal target has changed but I still see plenty upside here, and with 3 more spin offs in the pipeline there’s plenty of juice to get this going anytime soon. GLA
Sentiment will return very quickly. It’s easy to buy when things are going great, not so easy when we’re at a low ebb. However, experience has taught me these are the times to buy. I see far more upside than downside at these levels. If you still believe in the company then you see this as an opportunity. Time to look forward not backward. The markets a fickle place, if there’s a hint of positive news the buyers will be back in - in a heartbeat! GLA