The latest Investing Matters Podcast episode with London Stock Exchange Group's Chris Mayo has just been released. Listen here.
Superdry shares soar more than 100% as company considers going private
https://www.cnbc.com/2024/02/02/superdry-shares-soar-more-than-100percent-as-company-considers-going-private.html
It told shareholders that Mr Dunkerton “is engaged in discussions with potential financing partners” over a possible takeover offer for the business.
The business, which employs around 3,350 globally, runs 216 shops alongside franchised stores.
Earlier this week, Superdry said it was working with advisers to look at various “cost-saving options” for the business.
Mr Dunkerton, who co-founded the brand in 2003, already owns roughly 26% of the business.
Key points:
✅No imminent raise: BOIL has sufficient cash for current operations and the Chuditch drill. Any future raise would be for BOIL's share of the drill and could potentially be a free carry. News will precede any fundraising.
✅Optimism for Chuditch and Greater Sunrise: Management believes in the potential of both projects and sees a farm-out for Chuditch as likely. Greater Sunrise development is expected to move quickly.
✅Dunrobin extension and monetization: Both Chuditch and Dunrobin hold promising extension potential. FLNG is seen as the fastest route to monetization for Chuditch gas, potentially benefiting Timor Leste.
✅Undervalued share price: Management believes the current price is significantly lower than justified by BOIL's assets and potential. They expect significant price appreciation in the future.
Additional details:
John Ford mentioned CCS potential in the northwest area.
John Wakefield hinted at imminent news with the phrase "pregnant with imminent news."
AY's demeanor was described as relaxed and confident, suggesting knowledge of positive developments to come.
New investor slide deck on BOIL website highlights undervaluation and upside potential (slides 4 & 10).
Overall, the AGM notes paint a positive picture for BOIL's future, with significant potential in its projects and undervalued shares.
The global market for Carrier Ethernet Access devices was estimated to be valued at US$17.2 billion in 2022[1] and several OEMs are currently evaluating the Company's UEP. The UEP is available to potential customers either through licensing of the Company's IP or via sales of complete systems, including software applications up to an eASIC offering. While the majority of the ongoing discussions with OEMs for Ethernity's UEP are in the field of support for wireless link bonding, certain potential opportunities are targeting general purpose Carrier Ethernet Switch appliances, which include other unique monitoring and AI differentiated networking functions. Ethernity is able to provide a differentiated and cost-effective offering to its clients due to the Company's proprietary IP and technology.
Unified Ethernet Packet (UEP)
TSP all done - Ethernity Networks stands poised for a powerful 2024, fueled by a robust financial foundation and promising growth drivers.
✔️ Solid financial footing: We boast a substantial cash position of $2.1 million and manageable current liabilities of $1.6 million.
✔️ Hidden potential: Beyond this, $2.3 million in untapped current assets await conversion, including $800,000 in inventory and $1.5 million in recoverable receivables.
✔️ High-margin catalyst: Each $2 million Tarana order delivers a lucrative $1.4 million in gross margin, covering nearly five months of overhead. Multiple wins are anticipated throughout the year, significantly boosting profitability.
✔️ Recurring revenue engine: Our consistent flow processor licensing generates $500,000 annually, adding predictable income to the mix.
✔️ Untapped potential: Every new contract win unlocks further growth, propelling significant momentum and market expansion in the year ahead.
Ethernity Networks is no longer just on the move, we're accelerating.