Adam Davidson, CEO of Trident Royalties, discusses offtake milestones and catalysts to boost FY24. Watch the video here.
The company continues to develop its value as normal. Meanwhile panic sellers don't seem to have noticed that only 18 new cases were reported in China on Monday, that their indices have recovered, that UK markets have turned positive today, that economic stimulus is underway and the oil price drop will be a positive thing for most. Maybe the panic sellers will now be able to panic buy more toilet paper.
Look at the performance of the company and its trajectory at this early stage of commercialisation and you won't begrudge the salaries - they're working rather than just posting on share chat boards. The sp is disappointing of course and many are under water but traders will sell once too often and will not be able to continue to damage the sp before long. This company is sound and nothing like the Aim non-achievers.
The difference is, I think, that this is for a new product formulation (rather than just the lpdl ingredient) which can now be marketed as a clinically validated solution to high blood pressure. I think marketing should go hard on this as the "only" clinically validated solution as there are a lot of supplements out there that doctors say do nothing or extremely little. People need to stop wasting their money and switch to something that actually works.
Just the start Belgrano. If you think about the relentless pace at which deals were made (so far), then when lag times have elapsed a similar pace will apply to revenue growth. Just a matter of time for LTHs.
Agree It could have been worded better but it's an RNS and wording has to err on the side of caution, and there's nothing more to it than that. And we're not down 4.9%, it's the same price as Friday, MM's just opened higher this morning and there was a very small amount of sells. What was seen as a very rigorous assessment of CURRENT value recently put it as 97.5p but we have traders, sentiment manipulators and, frankly, people who should not be investing in anything.. LTHs know that this will be at least £2 in good time and then move on from there and are content to wait and meanwhile get on with their lives.
Despite the fact they use the term 'target' they've made it clear that this is actually their assessment of current value. If you're an investor you might like to wait at least for the medium term, say 2021, when it is likely to be at least double that, but many will remain LTHs after that.
Exactly Belgrano - we tend to be preoccupied with the UK market because we're here but there are bigger and much more profitable markets elsewhere and we are gradually getting coverage in them. I don't know if the deals mean we get paid in other currencies but if so that would be a good hedge against what might happen to sterling.
The vast majority of holders would be selling at a considerable loss now in order to speculate about a potential modest gain with sbtx; and given the current opti valuation is more than twice the current sp I doubt that sbtx would double on news. I think the current valuation, not a divi, is the main factor and of course the current discussions with serious European investors who will build stakes at market prices. As you say the dip is unlikely to last.
Make that three elrico ;-) Btw what I was getting at was that his statement, that a share placing would occur shortly, came a sentence after he quoted the wrong cash burn figure. And indeed the title of the note was about a placing which was what probably triggered most sells by subs. Agree there were lots of other errors; fortunately I and others will have spotted most of them not least because of your great coverage, thanks.
Could possibly be a start of the process of 'proper' investors from Europe building stakes for the long term and especially before the value gap closes. Replacing traders with investors has to be good for Opti. We should soon see if the round of meetings with substantive European investors feeds through to a recovery in the sp and then build from there. BTW this isn't a huge buy even for small investors like myself but it's the sort of blocks serious investors might use to build up a stake.
Thanks Joy. As in the post below the analysts have confirmed that this is the current valuation and as SOH says we would easily be at that price now if not for the market volatility (small amateur investor led). In terms of targets they have set revenue levels in the future which would result in a huge increase in sp, measured in pounds not pence. Potential European investors in discussions now will have the Goetz research and analysis and so they may wish to invest quickly while this price/value gap exists and this should have an impact on the sp before long hopefully.
It is important, indeed very very significant, that the 97p is NOT a target, it is the CURRENT value systematically assessed by the Goetz analysts (confirmed directly with them by elrico). And it is of course based solely on the deals already made, not any imminent ones in the pipeline and beyond. It is the CURRENT real value of the stock i.e. twice the current SP. I think people don't really get this which is no doubt why the sp has not closed the gap … yet.