Member Info for Dibs61

Onsolidground- agree with your points and I also feel that we are beginning to see shorts close their positions. Which of course requires them to buy back the shares they sold. As I mentioned earlier I just cannot see what is left for them to hang on longer. It feels like the tide is turning again in the green hydrogen space.

Uranium potential in South Australia

https://themarketbull.com.au/2023/11/13/elevated-uranium-demand-fuels-development-in-south-australia/amp/

Logically, if you hold a short position here what else is there to go for??

The company is now valued at almost nothing. The 46 odd pence SP is pretty much 46p in cash!

Yes they do need to start demonstrating sales but the moment that happens this will be off to the races.

Or trending lower as per : Current Net Debt/LTM EBITDA of approximately 0.97x as at 31 December 2023, improved from 1.12x in September 2023

A very solid update imv

Market ain’t gonna like it…..

I_B - see my latest post.

I’m saying with a huge amount of confidence they have the QVH Contract. This is massive. It’s the flagship. The one they had to get and, from the bidstat document they’ve got it. 100%

I located the QVH Contract Tender on Bidstats (see link below) and was pleasantly surprised. Read through it carefully and see if you don’t conclude, as I have, that Feedback are 100% finally going to land this contract imo within the next two months. Possibly v v soon.

The tender actually CLOSED last month on 7 December 2023.

In the link QVH specifically state the following “ Service continuation is vital for the Trust and its patients.”

I’ll repeat that again “ Service continuation is vital for the Trust and its patients.”

Feedback have landed it folks. IMO if you’ve been sitting on the sidelines wait no longer.

https://bidstats.uk/tenders/2023/W45/810156581

I got a pleasant surprise.. just tested a dummy buy and got a price of 66.3p

The bizarre thing being that yesterday MM’s wanted 72p for the same amount of stock….

So I said thank you very much I’ll take those…. :)

23-Jan-24 16:00:00 66.30 4,368 2,896 O

Now built up my latest position (quietly) to 35k shares. Average around 64.5p

Looks like we haven’t been invited to the party? Yet.

Thanks Barnacle for drawing attention to this important report. Hopefully timely too in terms of its production and issuance. Let’s hope it focuses minds of the bug decision makers.

Let’s remember that NHS Digital has now been absorbed into NHS England. So in terms of a National strategy for Digital that now comes under the remit of NHS England. Who has provided the funds for the additional pilots that FDBK are currently undertaking and who is monitoring said trials. NHS England.

So it looks as though our potential future wider scale adoption of Bleepa is therefore in the hands of NHS England. And that’s where we want it to be for the big win as opposed to talking to individual trusts or ICS’s.

This

Taversham - I totally get your point. I used just one valuation metric and you are correct to say that it is more complicated and the R&D etc has value. Be careful of that word ‘potential’ though. It’s already tripped us up here pretty badly and there are NO guarantees the current management will pull this off. Confidence and trust counts for a lot in investing and there is precious little if that here just now.

And I reiterate from price sales ALONE it’s expensive. That does not mean I think it should be valued at £5m but hopefully you see my point.

For me the biggest issue here re investing is the faddish nature of the business. I went to am Escape Room once ‘to do it’. For the ‘experience’.

The business ideas are very much based on fads are not, imo, long lasting or sustainable.

I suspect the market agrees. I think the only business model that would be sustainable here would be based on constant reinvention, constant evolution, new ideas. Because people will tire of this as just another craze.

And for anyone who disagrees with me about the valuation here check this out:

MC £32m

Revenue £0.5m

That means this carries a price to sales ratio metric of 64.

By any measurement that is expensive. I would not want that to be more than 10 at present (and that’s being generous). Especially as growth is so anaemic.

Attempted a feeble rally this morning which has fizzled out. Normal service resumed.

I know some are getting itchy fingers thinking this looks cheap now. A few have jumped in - too early imo.

Remember the current narrative in the market is cash. And all the while that remains unresolved this will not rally. So imo keep your powder dry. This is quite possibly going to 11p.

Possibly a larger delayed sell trade in the background printed later? This stock can be, is, very illiquid.

Https://www.londonstockexchange.com/news-article/GMET/garfield-update-bonanza-silver-uranium-target/16299439

Nice

FlyingF - I think a take out valuation of £25-30m is most likely. This would give a handsome return on the current sub £6m (crazy) valuation.

Whether the take out comes in the short term or not (don’t forget we have a ‘Trojan Horse’ on the board now ;)) I think the shares have bottomed out. Sales are now accelerating across all sectors. The company has pledged to be more sharply commercially focused. They will be with the new NED who, incidentally, I think will be appointed the new CEO as his credentials are impeccable. Plus he will likely facilitate a takeover.

Surely this is a positive indicator for ITM if BP see this as the future….

https://www.chemanalyst.com/NewsAndDeals/NewsDetails/bp-ventures-into-green-hydrogen-production-in-a-strategic-move-24677

MC £5.89m for this company. Crazy. OK I know it’s progressed at a snails pace for years now.

However I think this is finally at an inflection point. The company operates in a number of industrial sectors covering a variety of different requirements.

Their product is top notch. Best in class. HCP is being banned later this year and Hardide have THE best replacement - USP.

Sales and contracts are only going to grow from hereonin. Here lies the rub. They have limited reactor capacity to meet future demand. They will need to scale up but do not have the resources. They are ok for now as regards capacity but longer term they will need more factories, more reactors.

There is only one viable solution - being taken out. They are so vulnerable to take over now because potential suitors can see they are on an upward sales growth across all sectors. The company is ridiculously cheap. A takeover would work excellently for Hardide and would be great value and a superb acquisition for one of a host of companies.

At this level it’s an absolute screaming buy but DYOR

Am I right in saying that this is valued at little more than net cash? Extraordinary.