Member Info for Hardboy

You are right Mike. UTs & OEICs trade at their NAV & are open ended funds (so the fund manager may have to sell or buy assets when he/she does not want to.) ITs share price can be uncorrelated to their NAV. These are close ended funds (so the fund manager knows exactly what funds he has to lay with.) If you trade in ITs you know the price at the time of the deal. If you trade UTs/OEICs you do not know the price till the end of the day.

The differences between UTs & OEICs do not affect the investor too greatly.

Unit Trusts are trusts, the manager reports to Trustees, and "units" are issued to investors, they have a bid and offer price spread, and are only available in the UK

OEICs are companies, the manager reports to a board of directors (not elected by investors, as ITs are) and "shares" are issued to investors. They have a single price and can be sold throughout Europe.

"SRT have nothing to worry about here." I would have thought the possibility of losing their CEO & figurehead is worth worrying about.

Their cash is worth 53p per share. Their NAV is worth 87. Their order book should be worth something , so simply the sell off is way over done. 4 years ago the share[price was almost 20 times higher than it is now. Comparing the 2 times - we have a lot more income now, a lot bigger order book, and the margins are higher.

17% of the shares are going to be sold, so it goes down 34%. So way overdone.

34 million shares to be dumped - keep an eye on volumes

"Any ideas where the share price will open today?"

DOWN

It does mean that we no longer have the safety of Weichai & Bosch with large holdings - there was never going to be a take over with both strategic partners holding such a big chunk. Could Weichai be tempted? Specially at this depressed share price.

Huge Volume today - that's not just Private investors leaping on a IC article.

JRC - you've NEVER seen turnover at this level before.

But those initials ae not the same as Simon's

Yes been disappointing for years, and any business working in cloud computing which reduced income and profits during covid has got to be questioned.

But it's still profitable: this year's profit is going to be down about 10% on expectations, that currently values the business on a PE of about 5; which is cheap by anyone's standards. So there is hope

It can be frustrating when someone you have on ignore posts something and others respond to it. I just reassure myself for the reasons I have them on ignore and the responses should not interest me either.

Night life? I've seen better.

Nutshell - used to be the smallest pub in Britain. Not sure it is now with all these micro pubs.

As a shareholder I was pleased to ITM don't make their engineers slum it, and equally they don't overspend. Bit concerned that at 10 a.m. the van had not moved. Obviously, what ever he was doing there did not need an early start.

Simon tackled this at the AGM. To date most of the interest for project work has come from the Far East & The Middle East. Apparently one of the eastern African Countries (Kenya?) are talking to them about a possible project. But so far the Americas and Europe have been rather disinterested. Though Simon did mention that Greece is showing some interest.

One would have thought with all these illegal immigrants entering Europe by sea some coast guards would be interested.

As it's a quieter day on this board I'll try my question again. I saw a ITM van in Bury St Edmunds on Thursday - the driver had obviously stayed at a Premier Inn overnight, and was not having an early start.

Any ideas what ITM are doing in BSE?

We've heard nothing from them since the IPO - over 3 months ago.

As I type I am in a Premier Inn in BSE - come here for Treatt's AGM - and there is an ITM van in the car park. I'm keeping my eyes open for the driver to see if I can find out what he's doing here, but so far no luck. Any ideas?

To correct my typos (apologies)

More good news today. Now we are getting so busy let's just hope our project delivery is good.

Good to see the pilot has gone well and is being expanded.

More good news today. Now we are getting to bus, let's just hope our project delivery is good.

Hi Truro - hope you got home safely.

I'm an optimist, but you beat me hands down!

I've been to a few - very worthwhile (one of the staff makes delicious cakes!) - get a good tour of the facilities and see what's really going on - the AGM has presentations about the current state of business, and after there is a buffet lunch where all the key personnel are available. This is a company that really tries to engage with shareholders.