focusIR May 2024 Investor Webinar: Blue Whale, Kavango, Taseko Mines & CQS Natural Resources. Catch up with the webinar here.
Looks worrying: It's called Reali. http://www.reali.com/buy https://techcrunch.com/2017/05/25/reali-expands-it-online-real-estate-service-to-the-entire-bay-area-raises-5m-series-a-round/
https://www.aol.co.uk/money/2017/08/01/top-stocks-for-august/
Sorry, it's two weeks old. http://www.businessweekly.co.uk/news/local-sharewatch/spender-boom-puts-more-bang-bango
Part of an article by a private investor. "Now for another confession. On June 5, three days before the general election, I sold 8 per cent of my large Isa holding in Treatt. It was no easy decision as it has been a stellar performer and has, I believe, a great future. I sold for two reasons: first, the trebling of its share price over the last 12 months must make it fully valued in the short term. This was compounded by small-cap tracker funds having to buy into Treatt as it became a small-cap index stock. Second, I wanted to create a degree of liquidity as the election outcome looked increasingly uncertain."
9 June 2017 "Founded in 1868, Treatt makes fragrances and flavours for consumer goods industries, with a particular strength in citrus. The company is riding the backlash against sugar added to food and drinks, as manufacturers look for healthier replacements. Booming demand for its sugar reduction products, alongside flavour ingredients for teas, has led to earnings upgrades and fuelled a rally in the stock over the past year. Pre-tax profit jumped by more than half to £8.3m in the six months to March 31, on revenue that was up 27 per cent to £51.8m. As an exporter, Treatt has also benefited from sterling’s devaluation following last year’s EU referendum, which boosts its sales once translated into pounds. The company is investing to increase its production capacity, including in a new brewing centre allowing customers to recreate specific beer types and flavours. In addition to the UK, it has operations in the US, China and Kenya. Yet because of its strong reputation, some analysts see the Bury St Edmunds-based business as a potential takeover target by a bigger company. Shares in the company have almost doubled this year to 501p, giving it a market capitalisation of £260m."
There is some City scepticism that a deal will succeed, at least on good terms for shareholders. Oliver Knott at N+1 Singer said it is “very difficult to quantify the value” of the firm and that “the stock remains in special situation territory”. Analysts at Liberum are more upbeat, and suggest a raft of possible bidders. Liberum raised its target price for the shares from 93p to 193p and thinks the sale price could be as high as 233p a share. Numis said Google and Apple could also be interested. Apple retains an 8% stake. China’s Tsinghua Unigroup recently took a 3% stake and is thought to be in the running.
"Analysts at Liberum said there are a number of likely buyers for Imagination. They include Intel, which has struggled to keep up with rivals in graphics technology, and Qualcomm, which is currently engaged in a brutal legal battle with Apple. Several bidders in China, where Imagination's technology is widely used, were also mooted."
All I know is, it says "Do not assume that the UK model can be transplanted to the US"
The Lex column in yesterday's Financial Times was critical about Purplebricks, and this led to the fall in the share price from 415p to 400p. Sorry, but I don't have access to the article.
I don't know whether I've done the right thing or not, but I sold out today. I owe you an explanation why. When the results come out at the end of June, they will show a big increase in the company's market share. The UK side of the market is coming into profit and I expect will eventually be very profitable. However, Australia is showing a big loss (but only because of set-up costs there) and this loss may put the combined overall result into a loss. In future years the company will make whopping profits from both countries. However, at the end of June the valuation of the company will be a staggering billion pounds for a company which may be loss-making. That worried me. So everything will depend on how successful the company will be in the USA. Competition in the USA is not like in the UK and Australia, which are gentlemanly. There it is ruthless. If early results in a year's time show that the company is doing well in the USA, then I will pile in again. However, for now, I thought it best to protect my profits (which are considerable - thank you, Purplebricks) because in the past I have hung on to profits from other shares for too long and have eventually lost them. Effectively, the high share price is today's gamble on the company making huge profits in the USA, and the gamble worried me. I noted that the directors sold many of their shares at £3. The institutions were only too happy to gobble them up, but it may be that those directors were worried that a billion pound valuation was too much and so decided to take some of their profits off the table. I also noted that although Purplebricks has first mover advantage, its competitors are moving in to copy it, for example YODA. Finally, I was troubled by the online reviews. They almost all gave the company 5 stars, but other review sites were much less flattering, which suggested that Purplebricks might be doctoring the reviews. I appreciate that this will be music to milly1984's ears, but he is right to be very worried. The high street shops are going bust because people buy clothes, books, holidays etc online, and in the same way, in ten years there will hardly be any high street estate agents. Milly will be out of work, and if he wants to get another job, he needs urgently to study English grammar and spelling.
Rightmove and Zoopla will want to keep PurpleBricks on board, not lose them. https://www.sharesmagazine.co.uk/news/shares/why-purplebricks-is-a-threat-to-rightmove
I don't know what to do. Everybody who has shorted so far has lost money. The valuation of the company is over a billion pounds. However, it set up in the UK and is doing well. It set up in Australia and is doing well. In a few months' time it will set up in the USA and, using its experience from the UK and Australia and the £50 million it has available to spend on this, will almost certainly do well. This is why the share price is so high - the USA market is worth $70 billion of commission each year, and if it does well there, the share price will continue to go up.
Ionic What is L2? How do you find out the extent of shorting? (By the way, the pundits were saying short Purplebricks when the share price was about £1.45. Very bad advice.)
Onlne is the future for house buying. http://www.thisismoney.co.uk/money/markets/article-4538506/1-7m-visit-Zoopla-uSwitch-Prime-Location-day.html
Online agents will "handle 50% of all sales" in three years. https://thenegotiator.co.uk/yopa-series-b-funding-savills-dmgt/
I was listening to what one of the directors said at the last AGM. Towards the end of the meeting, he was asked about the inevitable online competition to come from the high street estate agents. He replied, suppose you go to see a high street agent to sell your house. He says to you, we'll charge you over £4000. However, we can also do it online for you, doing almost the same thing, and charge you £1000.... You can see the problem the high street agents have, especially with their much greater overheads. In another reply to a question, he said that Purplebricks had had approaches from other countries to open there. Australia is a success, so no doubt New Zealand will be - similarly Ireland, Canada, South Africa...