We would love to hear your thoughts about our site and services, please take our survey here.
Clark, missed your original question about tips. I've dabbled in trading but not really any good at it so just stick with swings and long term. Going long on O&G at the minute as a kind of hedge against high energy bills from October. I called JDW struggling about 18 months ago but I don't do shorting. Wish I had on several of my longs mind.
I look forward to the results when they do come so i can finally see if my expectations are inline or not.
Nice to see JM's huge smile in the photo. Can someone tell him we've dropped 90% not gone up 90%. Please remind him that revenue has dropped from £4m every 6 days to now £4m in 6 months.
I don't know where DA's hands are in JM's photo but nothing about Ncyt's presentation warrants that kind of smile. Is he taking the proverbial.
Byp, It's the same comment from the Primer Design accounts a month or so ago. What I don't quite understand is 'why would they need to pay the full value of the claim'. That's £135m. We haven't even received £135m so that but does not make sense to me.
Seems as though IT-IS sold about 90 machines in the last 182 days. So our sales teams are selling a machine every other day. This is a machine being backed by Tata MD. Not convinced. This selling rate is also set to reduce further in H2. So maybe we'll sell a machine every 3 or 4 days. Sounds like we're taking great leaps forward DA.
Not seen anyone mention that GM and AD got a nice £8m lump payment from Ncyt in H1. Shame they didn't think to contest it until the dispute was resolved.
Having said that, if Ncyt are 100% convinced that they have done nothing wrong then it would be a little unfair to withhold it from them.
Clark
Yeah short trading makes sense.
Ukraine will want lots of steel to rebuild it's economy and infrastructure in the coming years. Most will probably come one way or the other from China. Russia will need to build a new legion of tanks ready for the next annexation of a sovereign nation. China will most likely supply Russia with those tens of thousands of tanks and trucks ect.
The world population is growing. It will never go backwards. The number of houses, cars, gardens etc will grow. Steel will be needed because it's a fundamental material.
Populations such as India and the middle East will modernise and tomorrows third world will look like today's second.
All this will require iron ore. We have some of the best grade iron ore in the world. We also have possibly 300m tonnes of it between Han****, Brockman and Vivash.
Yes we'll have to ride out a few troughs with the price but there will be peaks and none of this matters if we get a favourable hedge.
For all those that have been investing or watching UFO over the last few years. The next 12 months is set to be the most exciting in UFO's history. I'm in and acquired more today.
Personally, I think the sidetrack should already be funded with all new cash going towards getting us debt free by end of Q1.
A nice cash flow forecast from GL would be nice but I know it won't happen. That's too much information for the market.
Yeah, agreed that it's best to get these warrants churned sooner rather than later. When it's ready 3p should be tested again assuming it's all good news from GL.
Tom, as for the oil and condensate, it may be best to ring fence those revenues as they pay for the overheads as per GL.
Jimbo, desperate times call for desperate measures. The 32 chosen pubs I suspect will be the worst performing or at least most of them. Therefore better to sell them now than spend millions keeping them running just to sell them for less in 6 months time.
In hindsight Tim will probably admit that he should have sold them 12 months ago but isn't hindsight a wonderful thing.
As you say and I have said so previously, it will be extremely difficult for JDW to shift these pubs in the current market. I believe a lot of investors here hang on the hope that the properties are carrying a significantly reduced NBV on the asset register due to not being valued for such a long time. Unfortunately I think the current market conditions have stripped away any potential gain. This market is not a seller's market for pubs so Tim will firstly do well to sell them and secondly do well to recover their NBV.
Having said that, cash is clearly a concern and I'm pretty sure the loan covenants are up for expiry in a few days. A quick firesale of some cash burning properties isn't all that bad, even if it is just to keep the banks at bay for a few more months.
Ultimately, no business especially JDW can sustain the losses they are incurring whilst honouring huge debt covenants and rising costs.
Putting prices up isn't as simple as you say it is. If I'm used to paying £2 for something one day and the next day it's £2.50 I'm still going to be miffed. In this market regulars will for sure cut back and 'every now and againers' just won't full stop.
Tim is trying to find a balance but I don't envy his position.
GL to all who are here through choice and those that aren't
Clark, it seems a risky game trading JDW
Donald, your post from Saturday
RE: Stay strong long term investors24 Sep 2022 10:59
Easy tool
Looking up??
The SP did what I said it would.
It’s much harder to read now, it could go 50p but I’m not sure it will, sub 70 is a defo for sure , maybe it recovers after that ?
I’m wary of the cash position, some of the guesstimates on here are just that.
Be prepared for a shock and a dip possibly down to the 50’s
70p was a defo on Saturday with the possibility of 50 somewhere in the near future. Monday comes and it shoots up to the 90's.
Mr Don Tramp responds "I knew that was going to happen, my trade was the last buy just before the first tick up and then I knew if it got to £1.01 it was going to fall all the way back to 70p so I sold. My trade was the last sale before the first tick down from 101.
We believe you Donald. You're like a wizard, let us all know AFTER you nail the next pump and dump won't you.
As for BH comment, I'm not sure what he means by Primer Design Unit being shut down. I hope not, apart from IT-IS that's all we have left.