Member Info for fastduckharry

Today's rns indicates that Octopus Investments Nominees Limited were the party who did snap up all of the shares available. I know Octopus from energy supply, who are part of the group. Looking at their website, Octopus Investments have some VCT funds, including one in Aim companies expected to grow. The Nominees in the title, however, suggests that perhaps we don't know the actual owner of these shares. That said it could be this fund. Does anybody have an informed idea?

https://www.lse.co.uk/news/press-darktrace-to-cut-ipo-value-in-bid-to-avoid-deliveroo-repeat-l9iysttuw2a2agp.html

Personally I think the website has plenty of room for more improvement. This product has the potential to be a very large revenue earner, it deserves a video of some sort. Even if it just showing images of concrete needing CeramycGuard with compelling graphics along with an expert commentary.

This was coming as the original agreement was too restrictive in terms of scope and very time limited. Great news that this renamed product has got a BS number now. Also that trials with other water companies are in progress.

It was still a pricing disaster, your description exactly why. Hopefully at least one of these genuine tech companies, Dark Trace (about £3bn) or Alphawave (about £4.5bn) float successfully, for higher value, before Oxford Nanopore do. Therefore making the City hungry for more.

Am sure that IP would be happy with a £2.3bn valuation, £4bn would be a dream result for all shareholders. £8.92bn seems to be in the world of fantasy especially after the Deliveroo pricing disaster. Though assuming they retain a portion of their holding post ipo, there is always the chance that their remaining holding will increase in value in the future.

Considering that over 50% of the dividend money would be going to the extended Grant family, in line with their share holding. Selling shares to raise money would mean that they would eventually lose control of the company. A dividend of around 20p, or even 26p as suggested by eccles04, could well be on the cards.

Likely that sentiment will improve after May 17, assuming the road map is not delayed. The finals should be in June. The figures won't be great (we know that). Would expect some sort of trading update, which will have a greater impact on the SP going forward. With most adults in UK having had the vaccine by the end of July, shareholders can expect business to be booming this summer. Simply because, so many of us will not bother with a foreign holiday this year. Next winter is too far away to worry about. With the high probability of boosters and new vaccines. (can't remember the name but UK have a novel virus on order, 175m doses to be manufactured here in the UK not EU) available by this winter any worries might well prove to be ill founded in any case.

I see that OKTA have just taken over Auth0 for around $6bn. Probably means that they are too busy at the moment.

If GBG ever gets swallowed up, it happens. Until then will maintain my interest in the company. Meanwhile am sure the GBG board/management are concentrating on what's the best move to improve the company right now.

Good news. £35m of debt paid off. Net Cash £21m. The company can't afford to stand still, needs to invest in AI tech. A £3m all share investment in CredoLabs (Aug20 rns) could be the key to future developments,. Though CredoLab are working with a US company Iovation. It is likely that GBG are already negotiating their next deal.

Agreed Quantum11. The key to Breedon's continued success is their bank of materials assets. I read somewhere that it stands at 40 years plus at current levels of operation. They are not content with that, they also looking to acquire more. The other threat is climate change. Breedon are working on that and are in the process of developing greener cement. Also they have started work on recycling asphalt, mixed with new at 30%. Hopefully the machinery required to do this will qualify for the 130% tax relief. Therefore enabling them to expand this process over the next two years.

Below taken from Breedon's 2020 Annual Report:

KEY ASSETS
•Substantial permitted mineral reserves and resources
•Extensive network of quarries, rail-linked aggregates depots, asphalt plants, ready-mixed concrete plants and concrete products manufacturing facilities throughout Great Britain
•Nationwide fleet of delivery vehicles for all products
•Sizeable contracting services operations

https://www.ispreview.co.uk/index.php/2021/04/virgin-media-uk-trial-telestes-distributed-access-architecture.html

Plenty of interesting links at the bottom of the page.

Don't regard this update as a problem. No excuses given, they could have easily pointed out that January was the coldest for 10 years. Was also quite wet, with worries about flooding here in Yorkshire, also elsewhere. The seasonal pick up towards the end of the quarter has coincided with a period of dry weather. That dry weather has continued and expected to last through to May. Meaning no weather holdups in what can be a wet month. With lockdown working also taken in to consideration, the numbers are fine, with better to come. Will be a different story come July, with a maiden dividend to boot.

BREE and SRC are relatively safe stocks. Construction and road building and repair will take place regardless. It is a matter of having the material assets, bought at an advantageous price and developing them properly. SRC are proving to be very nimble, so far, in acquiring businesses . A term used by BREE, a barrier to entry, does not appear to exist in the SRC playbook.

Am expecting BREE to issue an AGM statement with a business update tomorrow morning, there has been plenty of activity today.

With regard to the future heights of UK indices, am not going to predict. Taking into account pound depreciation though, I wonder why we aren't there already for the FTSE100.

ih10, you have done well.
Am late to the party but better than watching this company continue to expand without any skin in the game. The Belgian business and Greenbloc made this a complementary hold with BREE for me. There is plenty of growth left in Sigmaroc.

Good Afternoon Londoner7, have been on the website today, found the recorded presentations to the analysts and investors for 2020 results. Have listened to analysts presentation (44min). Max Vermorken CEO knows his business, though there was a problem with his sound, therefore hard listening. The CFO, joined last year, has a good grasp of the numbers and gave the impression that he is acutely aware how well every part of the company is functioning financially. Was a question on Greenbloc from an analyst regarding availability of raw materials if demand for the increases. He suggested that there would be no problem for the company. Answers to other questions included that profit margins in all areas of the business are constantly under review. Health and Safety is not a cost as improvement in that area leads to efficient working. Future acquisitions? Good companies bought at the right price.

New build homes and low deposit schemes, am not a fan of any scheme to help buying as they just serve to push prices up, rewarding the haves. Regarding the news itself, more likely that the house builders will be marked down first, on the banks mortgage news.

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A pragmatic decision, obtain the EMA approval and get to market across Europe asap. The latest Edison Research suggests that Diurnal will need to spend £25m on trials etc; before reaching profitability. Obviously having product on the markets doing well, will make it easier to raise the money and be less dilutive sharewise, As the SP is likely to be higher on prospective revenues.

With regard to fundraising, IP Group have a 32% interest in Diurnal. They also have a 15% holding in Oxford Nanopore, who have announced an intention of an ipo later this year. Analysts are suggesting that their current holding will be worth over £300m. Some of that should go as part of the ipo. The point being, any decision IP Group make with regard to more funding for Diurnal, will be made without worries about finding any extra cash. Though now that Diurnal appear to be on course to become a commercial success, they may be relaxed about allowing their holding fall below 30%, in order to allow other investors to gain access.

Shareholders who want to participate in the probable success of this company need to tuck the shares away and be patient.

Thanks Londoner7, will revisit the website during this weekend. My previous visit focused on this product as I was thinking of durability, claimed to be better than a block made with portland cement. In view of their respective geographic distribution, don't think there is any reason to not own both BREE and SRC (with their Greenbloc in the PPG).

Did read today that the UK banks weren't going to offer 95% mortgages on new build houses, as they lost some value after being bought. Which could have an impact on the sector, though neither company here, is totally dependent on the UK.

https://www.ft.com/content/e921a438-3532-4ddf-8f5b-06113cf3f762 (subscription required though headline visible)

No worries, am invested in BREE but am taking a look at Sigmaroc, with regard to investment. Are there any competing alternatives to Greenbloc?