Member Info for Infor

Welcome! I'll be watching this one like a hawk. Quite similar make up to HBR - oh the woes of HBR! Wonder what ITH have to offer that HBR do not - fundamentals are not as strong, although you look quite diversified.

ITH trading nearly 5% down on their entry @ 237p. Not a raging endorsement to the sentiment towards UK's most profitable businesses! Not showing on HL though?

This is quite bullish:
https://capital.com/platinum-at-five-month-high-is-pt-rally-in-danger-on-china-zero-covid-policy

Makes the bounce back even greater - I remember 298p!

This is nice:
https://uk.finance.yahoo.com/news/9-dividend-yields-2-cheap-101519808.html
Seems miners are back in favour.

£7m sell untrade ain't good. This will go back up but it's out of 'normal' trading hands I reckon with some serious dumping going on still and our shorter friends influencing the price. Question is when do we come back in? Looking at SQZ to bounce back ahead of these guys and taking some dividends. Might be wrong.

Free cash or equavelents to Market Cap is an astonishing 68%, you can't buy that anywhere else!

Posted this on the 4th Nov:
'The only short positions they can close sensibly are the ones pre 17th October, i.e. when they borrowed shares at circa 450p about 0.75% - they've made a killing. Post 17th, the remaining 1.18% at circa 400p, I would imagine they are wetting themselves (hopefully).'
Not sure why HBR haven't started the latest buy back?

We all know the fundamentals are there, but I fear the fact that BP rose today and we didn't means there is still considerable downward pressure from our friends who have increased their short positions to 2.24%. Don't you love them!

North Eigg results can't come soon enough, either way price will rise because they can offset the WFT against the Cap ex or they will have to merge if Eigg is no good.

Day ahead prices are well up today to 110p which is great news. Colder weather coming apparently.
https://www.marex.com/services/data-advisory/market-data/market-data-indices/

Without quarterlies it's hard for them to keep supporting the wavering, sentiment driven SP. Their revenue stream is so governed by the markets and I would like to know how they have performed during this very volatile period. I suspect we have no worries. But at these prices they look extremely 'lacking' and leave themselves wide open for and approach which could look very attractive even at levels below the last Kistos offer of 425p - How can they justify turning it down when you look at their performance since then?

SQZ could do with a quarterly statement like every one else.

https://think.ing.com/articles/short-term-relief-for-energy-markets/

"Also, a key upside risk for Europe is if we see a recovery in Chinese LNG imports next year. The world’s largest importer has seen weaker demand so far this year due to the impact of Covid-related lockdowns and higher prices. Chinese LNG imports over the first nine months of 2022 were down 21% YoY. As a result, Europe is likely to go into the winter with tight storage which will leave the region vulnerable this time next year. In order to get through this winter comfortably, we will have to see continued demand destruction. This will have to be either a result of market forces (prices needing to trade higher to reduce demand) or EU-mandated demand cuts. While Europe should be able to scrape through this winter if current Russian gas flows continue, it is much more challenging if the remaining Russian gas flows come to a full stop."

With China relaxing COVID restrictions this is going to put pressure on GAS prices again and below average temperatures forecast in Northern Europe end of November.

The only short positions they can close sensibly are the ones pre 17th October, i.e. when they borrowed shares at circa 450p about 0.75% - they've made a killing. Post 17th, the remaining 1.18% at circa 400p, I would imagine they are wetting themselves (hopefully).

Platinum and palladium soaring on the news that China may relax COVID restrictions yet no movement here. Weird.

FTSE Up 2.4% because China may relax COVID restrictions - good for trade generally. They might buy a vaccine that works next time or stop eating raw fruit bat testicles.

They also had a handy fire last year which stopped production in their only other concern which probably got them off the hook with a significant insurance claim.

Here's the latest statement from Noble Group Holdings that I can find:

https://www.noblegroupholdings.com/wp-content/uploads/2022/08/NGHL-H1-2022-Presentation-VWeb.pdf
They had net debt of $472m and I reckon their stake in HBR is worth $334m. So maybe it's in their interest for the SP to grow because funding this debt is not cheap.