The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
Why does ARB constantly jump in 2.5p increments on this site. None of my other stocks do this even penny stocks… kind of irritating.
A decent RNS given Bitcoins movement through November. Almost breaking even with around a 12% drop in Hodl is not bad. Worth remembering that at the turn of this month Bitty was sitting at $57k so it has a bit to go before getting back on par. Nasdaq pulled us down yesterday, but I suspect it will react positively to this RNS along with a buoyant Bitcoin. GLA
CT - ARB are down around 20% over the past week whilst BitC is down around 25%. Don't expect arb to rise and fall proportionately with the crypto it mines as it still has great margins, business expansion plans and like any company it is based on future as much as the here and now. Topped up £2k. Wish I has more to invest...
Thats because cinema is far from dead. There is an argument that streaming could raise/maintain interest in the medium. I know it isn’t a direct comparison, but Spotify hasn’t killed nightclubs AND live gigs. Cinemas doing and trying lots of initiatives to expand their experience: lux seats; 4dx; everyman; retro movies; VIP; live theatre. Who knows what technical or cultural changes could expand the market going forward? Live sport? Big movies need cinema and vice versa. A way to make it all work will be found. All IMO. GLA.
PH - If CARD continue to drawdown and/or refinance debt this will rise. There are few companies of this size who go unnoticed if financial performance is satisfactory. Think forward to a time when there is zero debt and an EBITDA of £150m+ and value that... Whilst retail is struggling, it is those in the middle that lose out - super luxury and cheapo appear to do well. CARD fall into the latter BTW.
Rox - I have no issue with shorting although I have never partaken. Quite happy to look at shorted stocks as it can deflate price creating value - I hold a decent volume of CINE for example. Shorting can sometimes maintain a level of interest in stocks - nothing worse than investing in stocks who are performing ok but there is very little interest and a low volume of trading as I hold a couple like this. Bit disappointed in CARD's bounce today in comparison to some others. Impressed with the debt drawdown recently and like you I think it is very unlikely to see a shutdown of non essential retail regardless of how Omicron progresses so this will start to rise significantly. Good luck.
cop26 reduced chances of fracking in the short term. Successful blue/grey hydrogen production may reopen the debate about using our own resources rather than importing.
Igas debt is reasonable. It's other liabilities may be weighing but for all the reasons I've stated here before I expect good full year results and some traction around one or two of their diversification initiatives to move SP north. Even accounting for debt and non current liabilities, this is ridiculously cheap but no-one seems to care about fossil fuel production right now...
Fake News Patsyc... Quotes from NI politicians in the attached BBC link. You should be ashamed of yourself for making stuff up to get people to sell cheap to support your cause...
"We're working on the basis of having things open and safe," he says.
"We're not working on the basis of wanting to close things down.
"I want our hospitality to be open right through the Christmas period."
https://www.bbc.co.uk/news/live/uk-northern-ireland-59388131
Smalltrader - not sure I agree. I think it is covid sentiment weighing us down. I'd keep any good news until this blows over rather than throwing it into the wind. Just topped up £2k at 0.5523297. GLA.
Pogo - you don't appear to have seen very much TBH. Your LSE history of 48 posts has 44 about CINE who you don't rate...
Wow, this is cheap given last weeks RNS. Practically zero chance of non essential retail closing on the back of Covid. Am I missing anything or is this all covid sentiment?
It is amazing Sammy. Pawel must have been busy creating profiles this morning. I'm sure I recall him saying he was giving our ears a rest until we hit 45p...
Just topped up £4k @0.6036. Its simple in my mind - we, and most countries simply can not afford to close hospitality down again so we wont. The RNS earlier this week was fact, but the drop is based on sentiment. If you think there will be lockdowns, then don't invest, but if like me, you think we wont and cinema will be back better than before then there is lots of upside here. I feel that covid and the environmental sentiment are driving people to be less materialistic and spend more on experiences. GLA
Sorry to see you go CS but entirely understandable. Gas futures up 17% today. Feels like we could use a basic trading update Igas to at least stem the flow for a while. USD exchange rate also moving in favour for past few months. Roll on final results.
ARBK is a 10:1 ratio with ARB but you will also need to convert USD to GBP. I make it £1.49 at $20.
LPD - I agree although it felt to me like an element of propeganda comparing a unique month with the bigest release of the year to an another unique month to show a spectacular 127% number isn't the kind of stat that gets me excited, but when you cut through all of that, it is clear that the numbers are becoming buoyant and I have little doubt that these numbers are being achieved with a proportion of people out there with covid crowd hesitancy. More important for me was that it appears that the footfall predictions that Cine targeted in their plans are materialising which suggest sustainable modeling. Bump the Cineplex distraction and get revenues back up above $4b with some plans to start drawing down debt from cashflow and possibly even some equity issue as cap recovers and this will be well on the way...
MCap nearly equal to declared H1 revenue now...
IP - Fossil fuels are not en vogue, Igas have significant non current liabilities which may be linked to legacy fracking plans, they also appear to have the structure and therefore overhead of a company with a much larger cap. On the flip side, it feels like their core business are at the point of turning a decent profit, partly through cost reduction but also driven by the gas/oil price. I would value their core business alone at significantly more than the current market cap, but pessimism around the industry is surpressing the value and there is risk around where prices restabilise.
If grey Hydrogen production materialises successfully gas production may be back in fashion. Igas have also credible diversification plans for deep geothermal and solar. The former leveraging their drilling expertise and the latter making use of land assets which I assume will, at the very least, offset non current liabilities. I often wonder what a new startup with no legacy issues would be valued at with similar plans to Igas in Hydrogen, Solar and Deep geothermal with credible partnerships and would question whether they are priced into the current cap.
In terms of what we are waiting for - I am waiting for an update showing revenue to be pushing £40m, a healthy ebitda, an indication of juicy financials around diversification plans and evidence of real on the ground progress for the same. SP movement continues to challenge my confidence, but until I hear anything that changes my view around the fundamentals, I consider it to be undervalued and will be holding firm. Hope for both/all our sakes that I am right.
Given the comments around the RNS being aimed at lenders, surely that is even better as I understood the biggest short term issue was how to refinance the debt and the knock on insinuation that dilution could have been an answer. If dilution were put to bed for now this should cause further significant recovery IMO.
RH - Good summary thanks. Some numbers around online trading would have been nice, but I wasn't even aware of gettingpersonal.co.uk which is a nice surprise as it looks reasonably well executed. Market appear to be reacting well to this update.