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Lokiloo
That RNS from All Active noted a Major Equity partner/s buying into and funding AAQUA in Q1 2022. They also said they had agreed funding in place of £240 million to purchase further AAQUA shares.
AAA still looks like a house of cards but the funds look to be in place in AAQUA for a New Year bid for BOOM bearing in mind the market is now aware of the interest then I would have thought the SP would be up to £14 or so at least by end of January after BOOM results released so a bid would need to be at £20 to stand a chance this time round.
AQUAA are back in for more shares so they aren't going anywhere. Just a matter of time now.
Adam used the word rocket in his post therefore must be a pumper.
It's one of those moments as an investor, or even a trader, when you just have to revisit your notes, go through the news whilst trying to drown out the noise and decide do I still believe in the NAV I have calculated and have the risks increased or decreased. I ask myself am I getting 10-12p of Nav plus uplift from any of the constituents for 5.5p.
If the answer is yes then what are the risks. I see them as potential delays, dilution and losses. Are any ,or all, of these going to remove 50% of the NAV. I personally can't see it I could possibly see some deals that don't fully realise the potential but not another Fatcom.
On to management. Could Ed have done anything to halt the current share slide? I don't know what people believe he is meant to do other than I would be actively looking to share buybacks if he is serious about his £50 million valuation.
Finally what don't I know that is causing the share slide. Sentiment, shorters, buyers now letting it go to await the bottom, stop losses in a thin market, one of the other conspiracy theories (and no I don't dismiss them).
Can it go lower of course it can markets and people aren't perfect and smaller shares will regularly soar to high and crash to low according to sentiment.
After all that is it a buy. Of course it is(in my opinion) unless you believe Leap isn't valued at £20 million or more in total. Will it go lower ? Quite possibly? Will it ever reach it's NAV? Not until the LTH from pre Ed are sold up and Ed has a few more wins under his belt. Is it a buy even if you believe a fundraise might be on the cards. Probably as the discount is now so deep cash on the balance sheet is harder to discount than an investment.
The investment case is therefore time and how long do I want to wait for my exit. I started adding on a weekly basis a couple of weeks ago as I could see it keep drifting and no way of guessing exact bottom so i will continue to add weekly until Xmas and see what happens.
Anyway that's enough investing talk lets get back to name calling and picking over news from weeks and months ago as if it is new info.
Good luck to all whichever their direction of travel.
Fatman
Ed has made many comments that he believes the company is worth that and if he was offered £50 million for the company he would probably turn it down. If he made a statement of FACT that the price would be £50 million then I would agree that was overconfidence and/or potentially misleading however the ones I personally have read or listened to have stated his hope's and his belief of what he thinks it should be worth. Hop, belief and fact are different things and all depend on the context .
As for the Abony's I have my own theory on that and it has more to do with the decline in Yooma's price than in Seed.
I'm not sure there was anything in todays update that has provided anything new to the downside argument. Yes iPO's delayed, yes Yooma is underperforming on the exchange it's on and yes the sector has been crap for the last 6 months but they haven't tried to gloss over anything from what I saw so everything is out there.
Unless you have a need to sell I would have thought most who want to sell have and the risk/reward of any new short positions has shifted.
Did somebody say that Abony Snr had completed last 500k yesterday? 495k late trade just posted is a bit of a coincidence if not her.
Yawn. Bunsen you look at your historical information and I'll concentrate on the forward guidance for revenues and the likely costs once acquisition cost are removed.
Bunsen I wouldn't normally interact with someone who patently isn't bothered with whether what he says is accurate but even for you trying to break the laws of mathematics for effect is crap. You can't have 100's of % of losses it's just not possible so for effect have an A* for actual fact have an E-.
I always was colour blind. Only I would pick carnage day to predict a rally!!!!!
And as I type....................................it ticks down. I will now tactically retreat to lick my wounds.
I still think there is another sale being worked in the background but the actual spread is remarkably tight currently and shows no great selling pressure and it will be cleared soon. I think a couple more buys this morning and then we will get an initial tick up and if that isn't sold into we could start to rise steadily.
Or it could drop straight down again to ensure a red close..........who knows.
I think there is still another one of them being worked if the actual buy prices are anything to go by. It has felt like it's reaching a conclusion over the last couple of days though.
I have been watching with interest over the last few weeks as the share drifted down to the various posters and topics that were being discussed with 95% of them being about historic failings, who is or isn't a ramper/deramper/old/young and whether Lorne's mum has sold out or not. There has been the odd titbit inbetween that has been of interest but it has been mainly noise.
I have also been watching the trades over this period and the avalanche of sells has really been a fairly even spread of buys & sells with a very tight spread that wasn't reflected in the published prices. The constant drip down seems to have stabilised and I have therefore started to build a further position that I will add to each week for the next few weeks, not giant by any means, ignoring any small movements up or down as irrelevant over the medium term.
How does the dual listing work? Honest question not a stir.
It is valued at circa £17 million on the Canadian listing but Aquis has it at £51 million. Is there an arbitrage opportunity as it just seems the 2 are completely disconnected?
As others have said the true value of Yooma is only likely to be crystalised when it switches to a main exchange.
Announced as new broker/advisor. Hopefully will lead to a new broker note being issued which may be less restrained than the previous notes issued.
RobRob
So what is your advice to Ed bearing in mind he doesn't own these Companies and can't force them to issue news or undertake a liquidity event?
No posts for over 24 hours everybody must have done what they need to do and can stop with the fun and games as something is obviously about to happen I guess it's only me who's not in on it :(
Delayed trade of 311k has put the cat amongst the proverbial pigeons.
Sorry just to clarify that my previous post wasn't a ramp for ITS, I don't hold and don't currently intend to hold, but just another example along with SEED of a company's shareprice not being affected solely by the Company's financial performance.