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I agree Spades. This has been an extended and unrelenting decline over months.

Spades - Thank you. I need to buy some more then!

Cos it so ain’t the sp! Down 40% in 6 months? What has caused the drop and why does a director think a paltry £5k investment is going to demonstrate sufficient solidarity to turn it all round? Is this a jump ship now warning, or a great time to average down?

...I'll ask the question the remaining 4 members of this Board are dying to ask: why the recent rise? I notice we had a very similar increase at the end of Aug/start of Sept, so should I be saving up to go large over Halloween? Scary thought and perhaps there is a more considered financial reason(s) for this welcome increase.

The AGM has to be held in June I believe as per corporate regulations. And shareholders have to vote for acceptance (or not!) of the Umbrella Agreement and subsequent details and implications. But if those details are not clear by the time of the AGM, then it will go ahead anyway without that vote on the agenda and here will have to be an EGM at a later date. Let’s hope it can all be clarified swiftly enough to sort in June.

This is welcome news and confirms the coherent thinking behind MHC direction of travel. However, it needs to have a good run upwards over quite some time so I can recover from my poor entry timing.

Chief - good morning. I concur with your reading.

"The further studies are expected to take an additional three to four months, and would run from November 2023 through to Q1 2024. Any additional benefits identified from these studies would enable Croda/Sederma to add to the commercial opportunity for SkinBiotix as an active ingredient and could lead to enhanced claims and therefore a higher price point in market. Any licensed products resulting from the agreement with SkinBioTherapeutics will be sold to Croda's global portfolio of Personal Care customers. SkinBioTherapeutics will be paid tiered royalties based on global sales revenues on any licensed products derived from the partnership."

Croda must be confident there is someting extra in there to allow higher market prices of the final products, but the extra time will kick the income stream down the road. But we will benefit from market expectation of higher income before that, and there is plenty of other potential from the other parts of the portfolio to support and grow the sp in the rest of 2023-24.

It is more interesting than I had expected (!) - I clearly need to get out more. This session of the Forum is approx 30 mins long and useful background for all us Bulletin Board warriors. The takeaways for me were:
1. Brian Hosking and two other speakers were agreed (approx 9hrs 25 onwards) that the development of the Saudi stockmarket to create places for Junior miners would unlock an awful lot of cash to support those enterprises. Of course it is for the SA stock exchange gurus, not the Juniors themselves, to make it happen.
2. There were plenty of references to the long timescales (decades) involved in the whole mining chain anywhere in the world and therefore the long time to make returns.
3. They were fulsome in their praise for the shareholders who are currently paying for the exploration! Well done us!
4. The Saudi enthusiasm for exploring mineral extraction and the associated regulatory envelope was welcomed.
5. I also thought that Brian put in a strong showing and he seems both informed and passionate. Let's hope his aspirations are followed through.

Timing is everything. The Future Minerals Forum is being held in Riyadh this week and is hugely well attended by the miners with interests or aspirations in Middle East and North Africa. Crucially it is also kicked off at Ministerial level, so getting this - now quantifiable - nugget of good news into the open will have been a priority for Kefi. It will be noticed, it will be discussed, there will be speculation about what it means and where it leads. For example , it might be considered that it brings a SA listing 16% closer. Let's see.
https://english.newstracklive.com/ampnews/minister-hopes-to-secure-investment-from-international-companies-at-important-summit-sc18-nu355-ta355-1263971-1.html

If - surely when! - the TK funding comes in, there will be an awful lot of churn and the sp will certainly take some time to settle down as a true reflection of value and of prospects. (Those are not the same thing.) The churn will come from old investors who have held this down from 2.5 and are keen to finally exit with their trousers on. Also from recent investors who have been hoovering up at the 0.6-0.8 since last autumn and might therefore see a 2 or 3 fold gain to grab. And there will be brand new buyers who anticipate the same again when Saudi progress crystallises a similar surge later in 2023. So predicting how high the spike will go and the shape of the sp curve in the few weeks following is a mug’s game!

Well done for getting an answer so quickly! ;)

Chancellor has capped rent increases to 7% wef Apr 23 which is below inflation now but may not be by next spring. So not such a bad result. Further, SOHOs debt is largely fixed at 2.7% (Edison Research note) which is also pretty reasonable just now. Finally a dividend target of 5.6 pps giving a yield of 8% is one of the best I’ve found. Throw in potential for a share price recovery towards NAV and I am content to increase my holding.

Both timing and content of the next RNS are guaranteed to not be clearcut. First, the timing. We have already seen expectation mismanagement of what date: mid month or a specific date? Not surprising seeing how many cats have to be herded together. Even cats who want to go the same way take their own time and have their own peculiar requirements to satisfy.
Secondly , the content. I suggest it is highly unlikely the news will have the slam dunk clarity to allow the share price to zoom as high as we’d all like since each financial contributor will have their own riders on how much is released, when, under what preconditions etc. The Funding Agreement is only that - an agreement. It will, however, underpin a ‘slow burn zoom’ as we move into 2023.

I had no idea Kefi shares could go up as well as down.

Interim results last year were 31 March 2021. Probably similar this year, ie a few more weeks. I am as keen as you are to hear something reassuring - actually just to hear something!

That article is a good spot and certainly very true. Thank you. Also of interest that it the report is co-written with Accenture, yet the Insig tie up is with rivals PwC. I dount Insig will land its software in both the competing firms , but it does showcase the Holy Grail of measurable regulation of ESG, an area so susceptible to subjective whimsy and faddism.

Yes, I now concur with your assessment of the trades. Have not seen the software presentation though - is that easy to find? Thanks.

Seems unusual to have such a sharp drop this morning - anyone know of reasons or speculation as to why? The volumes are much more matched than reported since there are 2 buys of 50k and 25k which are clearly buys but not recorded as such yet.

Fabulous RNS today, not necessarily for any financial revelations but for the clear and direct language used. I may buy shares purely on the back of Tim Martin's leadership, and will certainly be back in my nearest 'Spoons at the first opportunity

Thanks slowlyslowly. I have also spotted, as many others have probably done much earlier, that Vin Murria bought £17.5m worth of ADVT shares on 23 March last year shortly after being made a NED and Deputy Chair of the Board of MC Saatchi on 3 Mar 21. And now ADVT/Saatchi has a substantial link up. I suggest these are the visible signs of some highly ambitious plans.