Member Info for Florence141414

How is that a 27% PBT margin company has such slow rating?

Is it that the ARR is only 36%, implying they have to continually win new business?

Or is that AI could provide their training for free?

Lol do not let this Spain clown get his hands on our money

770 to sell now what a gift for those who missed the tender!

TT Electronics has to be in the firing line for a bid…

DBAY investors (a fund with a history of bidding for public companies) have recently built to a 15% stake

Volex (competitor with good knowledge of value) made a failed attempt a year or so ago (management team that blocked this is now gone)

Also, they’ve had bad updates lately with a balance sheet that’s a little concerning… yet the share price is up on days the market is down.

Usually companies like this are weak on bad days.

Wasn’t the purchase of Luca shares in the placing done at 35c?

That’s up 400% now excluding warrants

Not clear how many are still held though

Seems as though DBAY are either shaping up to make a bid themselves or agitate to get the mystery bidders, mentioned in the rebuffing of the volex bid, back on the phone

Https://www.warwickshireworld.com/community/warwickshire-pie-supplier-celebrates-growing-aldi-partnership-5014330#

If you take the low end of today’s EBIT guidance then deduct finance costs and tax you get to about 2m net profits

This morning’s opening offer price represented a 4x earnings multiple

If we can’t safely buy a company at 4x earnings that’s trading well with a decent balance sheet… then what is the bloody point 🙄🤣

Initiation of coverage from Berenberg with a buy rating and target price of 140p

Sid’s gonna speak to his ‘contacts’

The only contact Sid has is his mum when he shouts up from her basement that he needs more wotsits 🤣🤣

Https://m.youtube.com/watch?v=T0IPGoJTolg

With yesterday’s news there is now around

£3.5m Luca shares

£1m other listed shares

£2m+ Gold

£5m contractual obligation from a counterparty that can now afford to pay it

So that’s £11m of either very tangible or pretty tangible assets before you have to start trying to figure out what golden sun, Ideon or that eco mining auditor thing is worth

I can’t believe that hasn’t moved the price. Ascendant liquidity was pretty much the only concern I had here.

This has to be a fund forced selling to meet redemptions.

There is no valuation case to be made for selling at these prices.

And now you can’t say someone knows something we don’t about the upcoming results either.

In sleepy Dorchester yesterday at 530PM and had to wait for a table to become available

How many restaurants can say that in January?

Wow

So Luca plus physical gold is now the entire market cap, even after the price rise.

So you’re getting 4-5m guaranteed from ascendant, 0.9m ideon stake at last valuation, golden sun and whatever the non Luca listed portfolio is worth (probably 1m-1.5m) all in the price for free

5.9-6.5m upside from today’s price which is over 100%

This assumes zero value to golden sun and no valuation increases to anything else

Anyone care to do the Lucamath at 0.84 👀👀👀

Interesting comments from Christopher Mills yesterday.

He’s considering buying more when cash is available despite being a bit annoyed with management

Also has zero doubts about the business recovery

Liontrusts AUM update this morning looks a disaster on the face it Assets under management down 5.4%

BUT

Half the outflows for the quarter came in one month (October at peak budget fear)

And

Their AUM as of yesterday was very slightly up in the first two weeks of the year.

I’ll guarantee their investment performance was down in that period so they must have had decent inflows

Ok it’s only two weeks but that’s probably their first two weeks of net inflow in 4 years

Did anyone else notice this line in the report?

‘It is particularly interesting to see this approach being validated by the considerable levels of investment from private equity in a parallel professional service, accountancy.’

If that isn’t a come and get me…