PYX Resources: Achieving volume and diversification milestones. Watch the video here.
Thanks for that spot Laughton. Written slightly better than my bar room language, it is as upbeat (as you can be in these times) as I was 2 posts ago. The fall to near recent lows is as much the result of compeitiors falling off the cliff as it is Lookers trying to hang in there with a couple of good anchor points. Time will tell of course... Not just me then!
Yes, the update was more positive than I thought it could be. Probably expect that the 35% profit from new cars to be under pressure, but the 2nd hand market and repairs won't go away to the same extent, surely. It is nice there appears to be acceptance early doors that the effects of the current drop in new car demand are to be shared back up the vertical supply chain. I was concerned about a wadge of unsold stock. Anyone going to hazard a guess at the price they might have in mind to trigger some buyback?
I bought in on the punt: 142 was a decent price should the FDA have said yes first time round. Regretfully, the man from Del Monte said no, so it became a downside punt. Buying at the low a week or two after averaged me down. Still, happy to be in at that All comments I have read here are valid. Lots of stuff on the books (income stream), end of dismal takeover (phew), men/women in their shorting pants have had a good time (cu$ts). The news has been poor and the price has gone down - but this much, eh - surely...? Granted, the wording of the RNS was Hollywood - "We firmly disagree with the FDA's position and we are progressing with a dispute resolution process." Shorters' paradise. It is not super duper, no doubt. But please, will someone look at the fundamentals?
I do like your optimism Rich. Certainly all the Brexit uncertaintly is causing a problem - higher inflation on the back of the sterling drop hardly helps real incomes and the demand for new cars. The next bad news for the sector will be when Mark Carney and his crew start the inevitable nibble up on interest rates - higher finance on top of everything else will not be pretty for firms holding a lot of new car stock. Things like a car scrappage scheme might have some impact - especially in London with this new poor tax on older cars coming into force now. My hope is that the sp has been undervalued ever since the Brexit vote and that it can't relly go down much further. Then again I thought that last night too... now it's Monday evening and a one day 8.12% later, I am not so sure. Best of luck.
That would be lovely, no doubt. They (we) have taken the CfD decision with broad shoulders - though privately I am still miffed. I am half expecting some self-righteous BEIS minister, or the like, spouting on about the brilliance of UK industry and innovation at the Tory conference this week. We might also get some speech about the future being low carbon energy prodcution - maybe even a mention of electric cars for good measure as Kapitan Dyson has spoken. I wonder if they then might explain why they had such a cack-handed CfD system to allocate support for low carbon green energy production and how the 'go for cheap' option can be squared with the decision to go ahead with Hinkley: a plant that was orignaly expected to cost the bill payers under �10bn additional costs but looks as though it might be closer to �50bn additional costs. Joined up thinking? Mmm.
Disappointing but expected. Sickening to be honest - the government are committed to an expensive nuclear option at ransom prices for plants not owned domestically. Domestic renewable energy start-ups harnessing the resource around the island are helped very much less than they should be. We had our chance and decided for cheap, which really is what the CfD. Short-termism strikes again.
New records broken daily now. Any ideas anyone? Is the promised land of America and Peacock not yielding?
Report last month saying asset value well in excess of mkt price. Set of a rocket to 0.71 but then fell back. Looks like mkt was waiting for anything positive to re-awaken. Doubt 1.5 will be hit as NAV calculation but only just above 1/2 way there.
Any suggestions as to why the 3 million sold since yesterday 4:30?
The Sunday Times article was encouraging yes. At the time of the decision, the sp got to a close of 163p on a possiblity. If there is a reality and not just a possiblity then nice times ahead.
Well I never - that was not the case yesterday about the website. Maybe those who can do read these boards.
Sp into record low territory now. Anyone know anything positive?
You are not wrong T.R., though I am fairly sure we don't have 43% in anything except MM. The difference in the size of the package for TVplayer vs NOW TV is something I have noticed too - and the recent NOW TV price increase makes the value difference larger. What I haven't noticed however is this information freely available to hand through, perhaps, some simple marketing. Thanks for pointing out the Twitter statement. I hope Twitter isn't the only way news is conveyed. Not everyone is Twitter. Currently on the EJ website, the "latest news" is 13th April (4 months ago) about some Easter egg hunt. That needs updating surely as it just makes the product look like a has been.
That's a 68% fall since last November. Our of love with this is an understatement. Enough know about the NAV but not only no takers, peops still getting rid. Looking fairly serious.
Agreed about the trading update. The last RNS half-year report was as dull as ditch-water. It read more the product statements of firms in the portfolio with little or no weighting to importance of each firm to Yolo. What would be nice would be to hear something positive about the IPO of MM in the US.
Hard luck Arnie - this share does that to you. I really should have cut my losses at the last spike but held on. I am 40% down in barely 6 months. A look at the one year chart is rather depressing. If such a positive independent report about the valution can do nothing except create a spike on AIM for a day then it looks as though this is not going far soon.
Now that is what I call a comprehensive low down of where things stand. Other AIM firms take note - a few measly words every now and again is not good enough. If you want to attract smallbies like me or bigby institutional investors, comprehensive operational updates like this are needed. Certainly has changed any lingering sell out ideas to a firm hold for me.
The Abundance website says that the whole hog has now been raised selling the debentures. 21 days to raise £4.3m this way for an AIM firm is pretty impressive. Any chance of this potential now rubbing off on the sp?
Enlightening AGM
Now back to pre-report publication sp. Blink and you missed all the fun. Does that mean the market doesn't quite fancy the estimation in the report? The speed of AIM explains the day spike but not the drop back to where we were all before - after all, this has only been lower than it is now for 2 or 3 days in May.