focusIR May 2024 Investor Webinar: Blue Whale, Kavango, Taseko Mines & CQS Natural Resources. Catch up with the webinar here.
Track record here - Toople did a similar thing with a fund raise/new share issue just over a year ago around 4th June 2017 raising £2million but then it was a placing for £2.00 a share when its previous days close was £3.25! (source shareprohets,com)....today it's a placing at £0.30 against previous days close of £0.70....who's good at maths? pro-rata at this decline the next raise might be at what price against previous days close???...
1. No warrants left to exercise 2. Assets set for £200m+ projecting recent years growth rates - JM said this year on course to be better than last year too - assets £126m in 2015 - £174m assets last report 3. Interest income now £16m - twice as much as 2 years ago 4. Market CAP less than NAV
Still growing assets £150m and interest income £16m ( twice as much as a few years ago ) and making a profit albeit not as much as last year - 50% discount to NAV - simplified share structure to come and Q1 figures show 2017 on course to be better than last year according to JM - so sitting tight
These A Rated Fund Managers like Alex Wright are good at what they do because apart from looking at fundamentals they do 'feet on the ground' research before investing
I follow a few fund Managers including Alex Wright - yesterday i decided to follow up on the following news that came out a few weeks ago and piled in From Citywire: "Wright snaps up more DX Citywire A-rated deep value specialist Alex Wright has upped his stake in courier and delivery business DX Group (DXDX) as it continues to limp lower after a profit warning cratered its share price. Wright increased his stake to 10% of the company worth £2.9 million at a share price of 14.5p, down more than 82% over the last 12 months. The shares are primarily held by his £494 million Fidelity Special Values investment trust with a smaller stake held in his £347 million UK Smaller Companies fund, co-managed with A-rated Jonathan Winton. DX plunged 70% in a single day last November after it warned that profits would be ‘significantly’ lower than forecast due to ‘intense’ price pressure in its parcel delivery market. It also cut its full-year dividend – previously one of the most compelling reasons to hold the stock - 58% to 2.5p. Analysts rate the company a ‘hold’ by a ratio of two-to-one, on a median price target of 20.9p. "