Member Info for JDPT-

They're taking a hit to top line revenue from device sales in exchange for longer term recurring revenue from device rentals, that's why the "top line" revenue figure is down, but this is a good thing if you believe in the rental business model of the company.

Again, this is false. WPCT was not "wound up". The fund was simply taken over by Schroders as Woodfood decided to close down the management company that was running WPCT, presumabily due to the fact that his reputation was massively hindered and no investor wanted to be associated with his funds anymore.

You can find out more here: https://www.morningstar.co.uk/uk/news/196682/schroders-to-take-over-woodford-patient-capital-trust.aspx

The fund still trades on the LSE today under the ticker INOV.

There's too much speculation going on here.

SMT is a closed-ended fund meaning, it is a fundamentally different legal structure to that of Woodford's fund which was open-ended. Therefore, it's not possible for SMT to be forced sellers of illiquid assets and end up in the same situation.

Secondly, the reason for the huge discount is that there are investors that believe, due to the fact that SMT currently has almost 30% of its holdings in companies that are not publicly listed, that the NAV of SMT is simply not reflecting the value of the underlying unlisted assets. This is because they are hugely illiquid and their valuations can change by a huge amount instantly after these companies raise money at a new valuation (in the current economic climite this would likely be south).

This is speculation; I am yet to see any solid proof to this claim, and I am doubtful as to their claims as Baillie Gifford have an external company that assess the value of the assets on a quarterly basis.

Oh, and of course, another reason that the NAV discount is so large is that retail investors believe speculation that is not founded in reality and sell at a huge discount. I'll take your shares, thank you very much.

You have to remember however, there a probably a number of retail investors (myself included) that are holding the shares in an ISA and would lose this tax-free allowance if the stock was to be delisted. While I believe this offer is undervaluing the company, it feels as though my hand is being forced into accepting it.

@BillBursio @Swedwrew

https://www.youtube.com/watch?v=4fPQp8QNjGw

This is an interview with Kevin Brundish, the former CEO of AMTE Power, during which he outlines the history of AMTE Power, if you're interested in the facts.

That's an impossible question to answer as there are way too many variables involved. It massively depends on how much equity dilution occurs to raise the capital needed to get the new gigafactory up and running and how much revenue AMTE can rake in from their existing factory in Thurso and UKBIC. That's all under the assumption that they are able to find willing investors who will provide convertable notes as opposed to a loan in a high interest rate environment. All this uncertainty is why the share price is so low right now. If they can jump through all those hoops, I'm sure there is significant upside, but there is a chance of huge cashflow issues if they cannot secure investment.

IMO significant dilution in a high interest rate environment will mean that the share price will revert to around the current price, maybe with a spike every now and then from contract updates from amateur investors who aren't aware of the cash situation the company is facing. If AMTE manage to get the ball rolling on scaling manufactoring of their high power lithium cells next year, there could potentially be a share price rise towards the end of 2023, when things will be more certain from both a economic and business perspective.

Have a re-read of the Final Results RNS:

"Based on current forecasts, additional funding will need to be raised from third parties by April 2023 in order to meet current operating cost projections. The Group is currently in advanced discussions with a number of parties to secure further funding resources. which the Directors believe will be sufficient to continue operations with minimal disruption until June 2023. At this point the Directors plan to raise further finance which will be predicated on meeting the milestones within the production plans for each of the Group's three core cells. The Directors are confident of fundraising prospects at this point upon progress towards production milestones."

You can use TradingView to see the last 5000 days/hours/minutes of open market data for many stocks - BOO included - for free. Very useful for finding good entry points into positions.

Really interesting to see the volume of XLM yesterday, after 2.03pm no trades happened for the rest of the trading day. Seems like the stock is out of mind for the majority of investors as the US CPI numbers were out. There maybe an opportunity for deep value here.

Thanks Uncle_Doug. I'm still holding, although for full disclosure my average buy price is at 47p.

I see much more upside here given that BOO could make it through the incoming recession without too much damage. IMO the current turbulent times mean BOO is priced at a massive discount for investors that can stomach the high volatility and uncertainty. If I also knew that the terms of the RCF were favourable, this would make the risk to reward extremely lopsided in my view.

Also the bottom was the 28th September, not the 10th October

There was a brief moment where it hit 30p - for about half a second! Personally, managed to grab some at 31p!