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Brings to mind that dictum: "In the short-term the market is a popularity-machine. In the long term, it is a weighing-machine". Let us see where the EXR sp goes as 2024. Hopefully, a transformative upward change in income will come to fruition.
I'd like a combination of additional lucrative contracts, a biggish income impact from Lenovo and a speculative talk of a buy-out from a major US tech outfit to see EVR multi-bag or at least get back to the levels that it once was
Not a bad director's buy, adding to the existing holding. Director signalling quiet confidence in PRSR
Nick, thanks. Understand better now. I've always thought BEZ are a very professional yet proactive company. I particularly appreciate how measured and detailed they are in their RNSs, focused on performance and not on hype or promises.
Most PIs are in for the medium- to long-term, so the sp movement since start of year isn't really a worry
Bentley, mcap around £7.5m as of today versus reported cash in bank of £6m at end of year (so probably closer to £5m now). So I would not say its priced to go bust. My implicit concern is that for all MIRI's busyness, have they struck agreements that are financially transformative? A cash raise is coming and it will not at a price that pleases PIs, imho
In the ongoing absence of news about the financial value of agreements or plans to address cash diminution, I expect the SP to drift down further over the months ahead. That said, I miss the 'this should be at least 3p" pumpers and the 100-bagger believer.
The sp was over £12 this time last year. But I remember when it was over £21. Let us see what the new strategic proposition is from the management and if any exceptional performance by LIO's funds can be delivered to stem the AUM outflow and take the sp halfway back to former heights. It is not a crime to dream....
I guess a question to be faced is "Do you think the CEO had at least a 5-fold increase in income in mind when he spoke of being focused on a substantial improvement in performance in the current year?".
Meta were quite clear yesterday in announcing their results that they would be continuing for a good few years to come with their investments through Reality Labs in VR/AR....
I'd want a pretty steep premium to current sp to be happy about MILA being swallowed by Liontown. Let us see what the gold results look like from Liontown's first cores and hope the sp doesn't fall much further before then
If the BoD is confident, I would expect to see substantial buys. It's quite odd that their holdings are minimal and far below that of many private investors here. But I suspect we will see a cash-raise RNS before we see any stand-alone Directors dealing RNS.
News on partnerships or Tier 1 agreements without any official hint on financial parameters of such deals inevitably gets dismissed by the market. The financial content of deals matter - whether it's a mortgage, employment contract or VPP service agreement. Does MIRI have strong pricing power when it is negotiating with a Tier 1 partner who clearly will know the cash and low revenue situation of the company across the table? Do you really think we have to wait until September for official news on the extent to which these agreements and partnerships are earnings generative?
A poor-quality trading update, in my opinion, but it confirms my suspicions that revenues hadn't been turbo-charged in 2023 nor costs greatly reduced. Shame they again were not confident to share any overview of the potential financial contribution of "agreements (but that won't stop the delusional "this should be at least 3p a share" and "this is an easy 5-bagger" posters).
LL, agree with you that the market is signalling its view in the absence of hard financial performance updates. I hope a clear and positive update will come. Feel comfortable with my decision to limit MIRI to 3% of my portfolio
Jarv, I hope they do lay out a fair bit in the trading update or at least speak explicitly to the financial range of different factors such as expected revenues, level of costs and cash management. The share price will get hammered if at this stage they just regurgitate how many agreements with big channels or brands they have without outlining what that means for their drive towards profitability and earnings. But I could be very wrong. In and up but not adding further.,.