Member Info for Indy0105

So at least we know where those 60mil BR shares went. Which means their must still be circa 6% of borrowed stock out there. That’s a lot of shares to buy back and could easily take this back up to £3-£4.

T.Rowe just became a major share holder. They are also big investors in ASOS & BOO. Doubling down on EC investment strategy. This is a big vote of confidence!

Short tracker shows shorts above 0.5% only. Euroclear shows % of all stock out on loan. This doesn’t mean it’s all being used to short but generally more accurate.

No worries. Happy to help fellow investors.

https://my.euroclear.com/apps/en/monthly-stock-loan-data.html#month=eq:11&year=eq:2021&limit=0&search=1

There were 6% of shares of borrowed according g to Euroclear in October. These are now below 2%. Shorters most probably bought these off BR and closed their positions. Explains why the share price didn’t rise whilst they closed!

Because that’s what the investment managers are all saying. A billion would get you 50% of the entire business. Why take the option for 20% of Ingenuity? Reuters arrival today says as much.

Experts don’t always get it right. And in this case certainly have not. The option is dead in the water. So now there is a financing gap required to accelerate inorganic growth which is what the business growth strategy is mainly based on. If they don’t exceed or hit forecasts then they don’t get anymore investment and the strategy is out the window and so will the SP and valuation as the are not yet cash generating! It’s risk vs reward here. How much faith do you I have on management and there capability. At the moment the market doesn’t seam to have any.

Effectively MM needs the investment from SB. So there is a big chance of potential dilution. The option won’t be taken and so there will need to be some sort of financing. I’ve read that SB could loan them the cash via a convertible bond due in 5 years. This would be a positive outcome for the company and share price . SB could charge them a 10% coupon and recoup a lot of there original investment.

I’m building a position here now as I believe this has now dropped below fair value. Peers are being valued at 1.2x 2022 sales multiple Company forecast this year 2021 of £2.2 billion. That’s equates to £2.7 billion valuation. They have cash of £350 million so equity value is currently £2billion. Forward 1.2 2022 sales multiple is forecast to be £2.7 billion so that’s gives £3.3billion. This is assigning no value to Ingenuity. 2021 SP fair value should be around £2.40 and 2022 £2.70.

What’s keeping this down is the the fact they are breaking up the business. What value can you then assign to it? Scrapping this would bring the price back to peer valuation. Adding to the Ingenuity order book will propel further.

My stop got triggered. My gut was telling me to sell
Earlier but that’s trading for you. I’ll be back in when the buyers come back. At the moment locked in sellers are keeping this down.

If this falls below the 8EMA, it could be heading back to £2.5. Volume is shockingly low which is perfect for algos to carry on dropping it down. If it can stay above the 8EMA then hopefully see higher but its not looks like that’s likely at the moment.

Leaky Leaky

Again being sold into any rise, regardless of results. So frustrating!

Attempted £3.05 this morning twice before algo’s kicked in. Volume is high today so I suspect if 3.05 goes then we’ll be at 3.20 before the end of the week.

Great results. It’s just keeps on growing and keeps increasing guidance. Hopefully back to £4 very soon.

This is the same JP Morgan that was involved in the IPO and valued the company at 8billion. Bunch of crooks. I suspect the share price will continue to fall. Not much volume at the moment so I don’t see a major rise anytime soon. However the company is doing better now compared to 2months ago when it nearly hit £4 so I can’t really explain the drop.

I think it’s more to do with the general sell off in tech shares. Roo have actually beaten forecasts, set up roo hop and signed agreements with, Boots, Amazon, Aldi and Morrison’s. They are on a supper growth charge and as longs as that keeps GTV increasing which I believe it will then this should recover. Markets down big today and roo actually performing ok.

They are sitting on 1.6 billion cash so SP I think may hit 2.50 short term but £2.00 I don’t think so. If it does I’ll be selling my oillies to double up here!

Can’t understand the drop from £4. Crazy selling at the moment. Looks like 2.50 will be hit this week. Could even go lower.

Can some explain why the big drop today?