Member Info for EdwardSeaton

Https://www.miningmx.com/top-story/59081-green-shoots-on-south-africas-coal-export-line/

Because the price you paid was nearer to the current listed sell price than to the buy price.

It will be interesting to see if there is a pre-close statement in mid-December, as per last year.

I see from marinetraffic.com that RB has been seemingly busy of late. I guess this, the hardening coal prices, and South African demand for shares, are between them behind the recent positive movements.

Volex won't happen. Their shareholders don't like this at all.

The problem is that analysts aren't tempted to do the research on anything other than (at least) 250 companies.

I'm sure you're right that the liquidity is a problem.

If someone bought 1% of the company tomorrow, I expect we'd be way over 200p.

This is why I think LAP and Bisichi should either fully separate or fully merge.

A friend who is a massive fellow investor quite correctly says a reverse takeover is a no-brainer.

Aside from better communication (which would certainly help), I'm not sure what they can do?

A share buy back could have a dramatic effect, but that would further erode liquidity and make the price even more sensitive to tiny transactions.

Really, I think it is the LAP 42% that is the biggest negative.

So we sit here, with the absurd prospect of 2024 profit exceeding market cap.

I can think of three reasons.

1. The SA investment fund has consistently pounced on a bargain.

2. The previous falls were wildly over-done.

3. Donald is the death knell of the woke green cult. Realism dawns.

Their biggest holding is up 8% today, but zero response here.

I haven't read what has been announced at ONT yet, but the suggestion is that it is very significant.

Indeed, Beza. When I alluded to the possibility of a P/E better than 1, the share price was substantially lower than it is now.

However, H1 EPS was 18pps, and H2, all things being equal, is looking like around 35pps after Q3. So 50-ish pps for the year, plus (or minus) other items.

The impression given at the AGM was that all things are not equal, and that mining volumes and the export mix continue to improve.

For me, the huge unknown onwards is West Ealing. What will 50% of the profit be from the 56 flats and 4 retail units?

What makes you think he is distracted?

I would say the business is performing extremely well.

I'd say a good mix of business training, connections, and lothario instincts.

The current market cap is entirely covered by cash, Featurespace cash, and ONT.

The entirety of the rest of the portfolio is valued at zero.

If ever you need evidence of market failure, look no further.

I'm not really sure why repeating what's already been published above adds anything to our lives?

I mistalenly read it all again, assuming it was going to be followed by some additional wisdom.

I'm sure this was fully explained in the interims.

As per the first page of the imterims, LSE listed shares are paid 7th October.

ONT only up another 6% today.

Cash plus ONT holding is about £340m.

That values the entire balance of IPOs portfolio at £130m, against a book value of about £1bn.

Funny.

Keep the pearls of wisdom flowing, ISAman. Does that mean if profits fall, the share price might fall as well?

In the meantime, let's enjoy the 30% rise over the last month.

Well we know they made £5m in H1 with an average API4 of $101.

All things being equal, anything over $101 is a bonus on top of that for H2.

API4 in H2 has certainly averaged well over $101 so far.

A sub 1 P/E ratio is very much on the cards at the moment.

That GeneralLevy comment is bizarre.

Share buy backs are undertaken by companies when they perceive their shares to be undervalued.

When the share price rises, the buy back stops.

How has this in any way a mystery?

Yes. Investments outside all property, cash and mining assests are about £16m.

It doesn't get madder - enjoy.