Member Info for Jurado

Interesting to note that having sold up here last month, IP Group has taken a stake with unlisted UK hydrogen fuel cell company Bramble Energy, which likes to talk of itself as the world's most scalable fuel cell company. It claims it can look at gigawatts because its cells can be produced at any Printed Circuit Board factory. Very early days at Bramble, which fits IP's strategy, but I wonder if there's any story behind all this - and whether there are, or could be in the future, any links between Bramble and CWR. One to look out for possibly.

I hope it's the next ARM - I 12 -bagged there. Along with Greggs one of very few successes.

Yes IP sold their shares. That is what they do - they fund early stage University spinouts - then sell up at a profit to fund more early stage investments. The 'placing' had nothing directly to do with CWR, it was IP selling their rather large share.

That was one of ours - I think we let it fly away about five years ago, so we can claim moral credit if it helps solves the Covid crisis, even if someone else reaps the financial benefits.

Whenever there is a reminder that any project, not just this one, is not going to make you rich in the next month or so, a company's sp seems to drop. To my mind there's nothing to worry about here - indeed broadly positive decisions. Doubt whether this fall will last long, so this is a buying opportunity.

I think most LTH lost faith in this being a company that wanted to return money to share holders some time ago. It does a good job at supporting new businesses (and of course in paying themselves) but not in investor returns. Of course it is just about possible that the current shift towards cashing in a few more chips will actually result in a dividend, or a hint of dividends to come that will boost the SP, though disasters such as AVCT won't help. I've only got a small pot here so I'm hanging on just in case.

IP's strategy is not to hold into maturity but to see a company from University spinout through to profitability and than take the profit and reinvest. They've been under pressure to crystalise a bit more profit and recently made a huge error (well they say an error, some people have suspicions) when they sold off their 15 per cent Avacta holding two days before the price rocketed with a Covid-related breakthrough. So selling CWR at this stage does seem to fit - they are guaranteed a big profit, even if most of us think it could be a lot bigger in a few years time.

So I put my question about Avacta to the AGM and AA addressed it. Basically he fessed up to simply getting it wrong. We had 15 per cent of the company but no one on the board. We had a policy of realising more gains and there was liquidity in the market so we sold and the two days later... I paraphrase a little but 'in hindsight we got it wrong...we can't get it right every time...sorry for getting it wrong on this occasion...but it is listed so you could always buy your own shares'. Not sure we've got the whole story there but what can we do?

Wow. If all it takes for a 50 per cent rise is for the CEO to announce the company is undervalued I wish a few more in my portfolio would do it. ??

Maybe a very stupid question but I assume this means they've no loan finance available. And they are 'pleased' to announce this ...am I missing something?

Ok, so we're divesting ourselves of a big chunk of CWR. We'll make a tidy profit there, which is what the company is there for and something that some investors complain they don't see enough of here. It seems a good decision given our mission but given April's events I just hope that we don't see a CWR rns announcing huge contracts with Bosch, Weichei and the rest on Monday. Well I suppose do actually as I also hold a chunk of CWR which is already about three-bagged for me, but even so...

I did contact the company to see if a comment would be made about this, and got a holding reply and an invitation to submit a question to the AGM in June. I do note additionally from RNSs by Avacta that on 2nd April Avacta announced a subscription for £2 million to two subscribers, including one Clare Hughes, at 18p. The same day, Avacta announced appointment of Zeus Capital as joint brokers. Founder of Zeus Capital is Richard Hughes, husband of Clare. The next day we sold down our 15 per cent share in the company. Five days later the big RNS came. Today Avacta is trading at 120p. Great news for Clare and Richard. Not so much for IPO it seems.

Thanks - I missed that. Well I hope they had good reasons - otherwise a bit of spectacular bit of bad luck.

Oxford Nanonpore - much our largest holding - can offer rapid sequencing of the to " support ‘genomic epidemiology’- characterising the virus and helping public health authorities to understand the identity of the virus, whether it is changing and how it is being transmitted".

Intelligent Ultrasound has been providing simulation training for doctors treating Covid cases.

Modern Water - a real basket case - is showing signs of life having doubled the sp in the last month, mainly on its link up with a new manufacturer, but there also seems a sense that it's water toxicity testing products will have a role to play.

Oxehealth are commercialising their "contact-free vital sign and activity monitoring platform, the Digital Care Assistant (DCA)"
I suspect a fair few of other companies are looking at how their technology or research are looking might have a role in Covid work too. Obviously the private companies are not obliged to do the same level of reporting so it's hard to tell.

Well one obvious candidate is HVivo - - which at the beginning of this year merged with Open Orphan but as far as I can tell we still have our share in the new company. hVivo billed itself as "Europe's leading virology research compnay" and as "dedicated to creating the next generation of antivirals and vaccines", and now as part Open Orphan it announced yesterday that it has "commenced the testing of an anti-viral for treating COVID-19 on behalf of its client Nearmedic International Ltd."
Apologies if this basic "look at a couple of websites" approach to research is a bit basic for some. Please feel free to add more indepth perspectives.

Ok I know it hasn't been one of our largest holdings but the story unfolding at Avacta - up 400 per cent and rising , and we have 15 per cent of it - should look good on our bottom line here. It makes me wonder if we've got others in our life science portfolio with a shot at doing something amazing regarding the virus. Off now to do some deeper reading...

It's a good job I've not got any money because I would have been tempted to catch this falling knife on each of the last 12 working days. At some point this month I should get a few quid from some shysters buying a mine near Whitby - I wonder what Aviva will be by then. If our civilisation is still looks like holding together I'd probably be interested at around 280 if there was a vague sense of bottoming out.

On the basis that that after last night's result at Villa Park I need something to cheer me up, I'd like to point up out that over the last month portfolio companies hvivo are up 50 per cent, AVCT up 60 per cent and CWR up over 75 per cent. If it wasn't for pesky computer hackers we could point to a nice rise at TRX too. I'm sure there's balancing bad news somewhere, but hey, it's a sunny morning and I'm looking for a bright side.

So, we made £22 million today from sale of part of our Ceres holding to Bosch, to add to the £22million we made on 2nd January when we cashed in some Oxford Nanopore chips. So £44m realised already this year, compared to £30m in whole of 2108 and £75m in whole of 2109. I wonder if this is a shift in policy or just reflects where a couple of companies are in their lifecycle? And does any one think it might suggest the company does after all have some interest in shareholder value?

It's Nomlungu. The fact that you can't be bothered to get his name right says a lot. And as for "comes from nowhere", that's rich from someone who arrived here on 22 November along with a bevy of other over-excited traders. Nomlungu has been posting carefully considered posts here for well over two years. Not of all which I agree with but I'd urge everyone to reflect more on his posts than yours.