Member Info for irnbr

Could someone remind me the key timelines?

Can anyone foresee any positive catalysts in the short to medium term?

Happy with the results

I do not think this is a forced sale per se. My understanding is this is a gradual sell-down with the distribution of proceeds to shareholders. This is different to a liquidation.

I agree with you insofar as assets will be sold at a discount. I expect this to be 10-20%. But given that today's share price is closer to 35% below NAV, I believe there is a sufficient margin of safety for people who buy shares today, to make an easy return on investment

Why do you not believe sales will realise NAV?

More inept decision-making from management here

Thoughts on today's circular?

RecoShipping giant Clarkson’s caveats record profit year with Red Sea warning - https://www.cityam.com/shipping-giant-clarksons-caveats-record-profit-year-with-red-sea-warning/

Seems a bit late to be informing shareholders of this only now

Who do you think would make the takeover? A foreign capital markets company, or a domestic takeover?

Writeup on Aquis for someone without knowledge on the company - https://southseastocks.substack.com/p/aquis-exchange-plc-europes-stealthy

Does anyone know how much STMicroelectronics will be paying Nanoco? Seems like pretty key info not to mention

Interesting take on the company, David Capital Partner's Adam Patinkin thesis on Vistry: https://www.youtube.com/watch?v=_W60Cmy3tbU&ab_channel=YetAnotherValuePodcast

"To meet the initial launch orders for Switzerland and Austria, Incanthera is manufacturing 25,000 units, increasing accordingly as the roll out progresses into Europe and Asia."

It is unclear what the average price per unit is? The market doesn't know how to value this

They have potentially diluted current shareholders to the tune of 15%. Directors appear not to care for the holdings of current shareholders

That is why the share price has not risen

Wish a more detailed timeline for commercialisation was given. Also unclear where they in the commercialisation process at present

Are Low6 still going to IPO?

Why were the Propel operations reduced?

Why did Vic leave?

Thoughts on results?

The First Half Results say:

"Until the fiscal regime is improved, as a direct result of the Energy Profits Levy, investment across our operated and non‐operated portfolio has and will reduce, including the deferral and cancellation of certain 2023 and 2024 projects, impacting medium‐term production outlook, with production in 2024 expected to be lower than 2023 levels."

Is that a cause for concern?

Anyone know when the next divi is?