Member Info for JMUK26

They haven’t won the polish case. It’s awaiting decision. But the Comet case might be worth up to £45m to them. Revaluation of share price likely now.

SP never really goes up to the offer price until takeover is all but confirmed unless the market thinks there will be a bidding war, which in this case they don’t. The market always leaves a margin of safety for the deal falling through so I’m this case 5-10% has been left on the table.

Once again, the board looking out for themselves rather than the interests of their shareholders which is their job. So annoying how often this happens and no questions ever asked as to how they thought this was the right decision for anyone but themselves.

Whilst a takeover offer at a higher price than the current share price can't be scoffed at, I'm disappointed its only £3.50! This has potential to rerate to that in short order anyway. Heck it was that price not long ago and the business is in a better place than it was then, and it's likely to only get better for K3C given the upcoming recession. Needs to be £4 absolute minimum.

This may be the figure they (Anexo) expected to get should they win in court, which is now looks highly likely they would. Expect VW to want a quick out of court settlement at less than this amount though. Hopefully still a very decent return on investment for Anexo.

Yes, we'll have to wait a little longer, but as Carcosa points out, Anexo have claims of up to 50%. That should push my estimate below up to around 13-14m, assuming this precedent now sets a benchmark for the other cases.

Anexo represent approx 13,000 claimants. Going by that report, each claimant is entitled to around £2120 so Anexo's claim is worth around £27.5m. Not sure Anexo have reported what % cut they will receive but I would hope around 33%, so approx 9m.

Unlikely SDI would offer for this business. Whilst it is the type of company that they could conceivably acquire, to date they have tended to target small private firms for low multiples and that are very well run and typically family / founder run. They don't like to interfere with their companies too much a bit like Buffett, they trust them to do their thing which I don't think they could do here. Not a holder here, but watched for a couple of years and the price has slowly dwindled down and management seem to have a real lack of delivery, despite having some seemingly good products. Science group (SAG) may be more likely to target Kromek, as they don't mind a hostile takeover and would replace management.

Another good update. Management always seems to deliver here. Production currently at top end of estimates in 1st quarter and additional power to be provided by PV's within the next few months to reduce costs. Also "An ore stockpile of approximately 14,000 tonnes, containing approximately 1,500 ounces of recoverable gold, was accumulated during the Quarter. This is not included in the gold production for the Quarter". I think production estimates will be comfortably beaten at year end.

Not a holder but on my watchlist for some time. The reason this is going down is the same reason that most other stocks (particularly smallcaps) are being destroyed at the moment. Its not stock specific. Its all to do with investors moving to risk off (go to defensives, commodities, cash etc) and people discounting future cashflows due to inflation. The question you have to ask yourself is, can Volex pass heir increased costs (from staff and material cost increases) onto their clients and maintain or even improve current margins. If they prove they can over the next year, then the valuation will likely recover.

A very strong update given the inflationary pressures and material shortages, particularly as most other companies are being hammered on results/TU's at the moment. SDI have seemingly shrugged them off no problem which is promising for the years ahead if inflation does hang around. And yet again another beat on the forecasts, which is why I have confidence in SDI management. They always set targets that are demanding but that they think is reasonable, and they always tend to beat them anyway which is the way I like it.

Maybe sell if you haven't already then as you seem a bit down about this stock. I suspect we will see a decent bounce at some point, but most fast growing growth stocks are still well down from their ATH, and this is in a similar boat. If they keep doing what they have been doing it's just a waiting game and the market will revalue.

Big drop here today providing opportunity to buy in at a much better price than over the last year. Still by far my largest single stock holding, and I should probably have taken some profits over 200p, but I have faith in the management here and confident it will recover.

Something...

I believe the majority of your questions are answered here:

https://twitter.com/ASXSharpShooter/status/1424935476335570949?cxt=HHwWisCr7YPRscYnAAAAhttps://twitter.com/ASXSharpShooter/status/1424935476335570949?cxt=HHwWisCr7YPRscYnAAAA

In terms of liability to GRX, I believe minimal. LCM have assessed and are funding the case at their risk because they must believe they have a strong case and it keeps the cost off GRX's books. LCM have a 96% success rate so make of that what you will.

Very volatile as you say but it seems to have risen from the dead with recent fundraising and subsequent investments, which was a suprise as I thought the company had effectively been mothballed. For me though, this is all about the court case. Current market cap is £27m, but the claim is for circa £800m, so scope for share price to really multi-bag (like x25). Usually I wouldn't be interested, but the fact that litigation capital management are funding it, and with their track record and vetting process, I'm thinking GRX have a good chance of a successful outcome here. I've got a small holding on that basis, as the upside is huge.

Didn't think we'd see these levels again. Just done a top up for the first time in over a year as the fall seems overdone. Obviously it is never good to discover corruption at the very top of an organisation, but if the RNS is to be believed it is fairly minor and not a material figure, so I appreciate that they have acted swiftly and communicated (hopefully) honestly about the issue rather than sweeping it under the carpet as it could come out anyway, and that has a far worse impact on the companies reputation. As long as that is the true extent of the story, this will recover no problem.

Doubt DBay will sell any shares. They opportunistically tried to buy the company on the cheap in a tough time, but it wasn’t to be. They still have a large holding in a company that they presumably think will increase in value over the next couple of years, so I think they will hold on. This could even be taken out by private equity and if the price is right DBay will accept ie proactis. Share price might dip tomorrow but note trading statement highlights that trading is slightly ahead of expectations.

Glad the takeover has fallen through. 150p too cheap and wouldn’t have been in the best interest of shareholders. The offer actually put a lid on the share price. We were at around 185p before COVID, and now at 140p. There are now more cars on the road, and there are the vw cases that weren’t priced in previously. Back to 200p by Xmas.

End of play Wednesday DBay have to confirm whether they wish to proceed with a takeover or retract it. I'm hoping the directors will at least squeeze a little more out of them as 150p seems far too low.

Taken the opportunity to top this one up to make it by far my largest holding. In fact now 20% of my portfolio which seems mad, but I'm very confident in the management here and will hold through thick and thin. Didn't think we'd see this price again, and I think there is lots of upside here. A positive trading update would help to reverse the negative momentum we've seen over the last couple of weeks here.