The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has been released. Listen here.
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.
You might want to pay the full price Hank, company could really use it by the look of things...
iP - this story is a couple of weeks old now, but there is some info I wasn't aware of including the downstream infrastructure.
https://www.stokesentinel.co.uk/news/stoke-on-trent-news/companies-team-up-etruria-geothermal-6048329
One disapointing aspect is that the heat netork is not reliant on the geothermal as there will be gas boilers. It is understandable with hindsight and I suppose derisks a new (to us) technology implementation, but my crude calculations were based on it being 100% geothermal heat network. Remains the most exciting area of diversification regardless.
It would be nice if Mr Steep could remember the name of his client. Thats third time I've counted that he couldn't think of our name.
Go Barbara. She has Mr Mark getting high pitched again which is a good sign...
Topped up today at 0.6234. Not worried about the Cineplex nonsence and have been keeping a close eye on attendance levels at a sample of locations. Although Bond was a little disappointing in numbers, it does appear to have kickstarted significant footfall return. Harry Potter specials over haloween week were particularly successful so there may be some legs in exploring more retro flicks. It feels to me like the 85% footfall target for year end is on course and even though I'm on most of the streaming platforms myself, I think people will ultimately realise that it isn't the same at home. Big movies need cinema as much as cinema need them IMO. Good luck.
Wish I could answer you Stew, but I was confident that the mid 16s was the bottom. So much potential brewing here, it's hard to understand why no one else appears to be noticing. Maybe throwing so much behind shale in the past and getting fingers burned has lost market confidence.
I suspect full year results due Apr to be positive, but hope for some progress updates on various diversification projects to push it along before then. In particular mention was made of further deep geothermal projects in conjunction with other suppliers. A couple of announcements along those lines could be exciting... Good luck.
PDT. You really took that comment to heart. What you, I, or for that matter Vladimir think regarding the Climate conversation is largely irrelevant. Policy makers and the market will ultimately determine our path. Investing in a company whose main revenue stream is in fossil fuels should tell you that I am no crusty, but we do need to be conscious of sentiment which is I believe is currently strongly behind CO2 reduction. Good luck.
PDT - you have been busy. Some of your posts border on climate change denial which I wouldn’t prescribe to, but from an Igas position it seems like they are prepared for almost any turn in energy policy/sentiment. Hydrocarbons aren’t going anywhere soon, but Igas are well placed if/when the transition impacts. Clearly any possibility of fracking returning to the table would prove the most exciting short term SP prospect, but it feels like a supplementary long shot which shouldn’t be necessary to send the SP northwards. The core production business is performing well enough to deserve a higher MCap on its own and now three exciting diversification prospects building momentum in the background. Good luck.