Member Info for Libero

IES up to ~£90m MC now

Not like it changes anything in the comparison but for completeness sake, IES's NAV is £38m - roughly 50% of their MC.

Whereas we are trading at a considerable 10-15% discount to our NAV.

IES now has a MC of £77m vs expiring year revenue of £0.3m

Vs

BMN with a MC of £125m vs expiring revenues of £116m and a NAV of £241m !!!

The mind boggles!

This strongly demonstrates how a rebrand would cause a MASSIVE correction in the share price.

As said before, I believe the starting point should be to remove "Minerals" from the company name, and we should collectively agree on a new name.

"Bushveld Vanadium & Green Energy Solutions" (BVGES) anyone?

Sanchez - completely agree the pendulum is swinging now against some areas that thrived during the peak of the pandemic. NYCT is up 20% today on news that would've made it shoot up 200% had it been a few months ago.

Let's hope the pendulum keeps swinging and that pharma money moves into new areas like BMN & green technoogy!

Operating loss of £4m (excl one-offs) vs Revenue of £0.3m and yet it is valued at £71m!

I know we should be cheering IES on seeing as Bushveld partially owns it but it irritates me how comparatively highly rated it is than us.

"With the merger completed and corporate integration activity in its final stages, the Company is beginning to capitalise on its leading position within the sector and expects a number of positive developments to occur during the fourth quarter and beyond. The immediate focus for Invinity is to progress a number of important commercial deals from final contracting stages to signed, closed orders. Alongside this, the Company remains focussed on the manufacture, delivery and commissioning of both the Energy Superhub Oxford project and the 1.7MWh of orders received during the first half of the year."

Well help me out then - send me a link to what I should be reading.

I'm happy to stand corrected. Just trying to get some info, because I can't make a decision without it

How come this has tripled in price since end of July? That's an astonishing rise!

Looks tomorrow has been over-hyped from what I'm reading

https://www.morningstar.co.uk/uk/news/AN_1599817459383578800/amigo-advises-shareholders-to-reject-richmond-resolutions.aspx

it seems and yet the share price has fallen today and the buys vs sells totals aren't too dissimilar, so I'm wondering if it's a bit of hot air?

Yeah but imagine if you were a long-term holder who bought in at a multiple of that price and then you get shafted with that massive placing announced in June/July time. You'd be fuming. What's to say they won't do similar again to those who have bought in at 20-30p?

This has bounced because the RSI was so low. Otherwise looks like one to avoid. The fact they massively diluted the value of the shares not long ago is a massive red flag for me too.

Be careful you lot

* enough

Reason for Hiscox’s rise is because they gave worst case scenario messaging to the stock market and have gone on to win 2 out of the 3 cases they were involved in. They’ve therefore adjusted their worst case scenario to something nowhere as bad as before (I forget the exact numbers), hence the sudden rise.

Aviva were not involved in this case so this will have limited impact on them either way. (They might write some Property Damage Business Interruption risks on a “follow-market basis” on other insurer’s wordings, or possibly reinsure some of the insurers involved in the FCA case, but it doesn’t appear as though the Aviva wording is being used though to warrant Aviva’s inclusion)

Thanks Jolly

Hahaa well jolly has a habit of being right, and - having looked into DRV in some depth - I agree with Jolly on this one.

As I said back 3 months ago:
"In the absence of anything being said since that cautiously positive 15th April statement, my feeling is that H2 of this financial period is likely to show a year-on-year fall. Consequently, even though I'm a big fan and believe Driver Group shall do extremely well in the longer term, I have decided not to invest at this point in time. Will keep a close eye on things with a view to investing when the time feels right."

The shares then shot up from 50p to 65p so I felt I had been humbled at the time but it's back to where it started when I first looked into this, and I still feel the same way.

Will be looking at the mid-Oct update with intrigue and expect this to head towards 40p if I'm being honest - which would be a cracking entry point for a long-term investment here.

Could be wrong (I often am!) but that's my honest opinion.

Best of luck to you, Thorndon & other holders here.

Hi ML,

Good to hear from you - hope you're keeping well!

Didn't realise it has been 2 years already. I have very fond memories of Corbine's intelligent musings (a word that I always associate with him!) and always admired his outlook and approach to life as a whole.

RIP Steve. Gone but never forgotten by the community here that he cultivated.

That's a sign that vanadium is becoming increasingly important.

"Fastmarkets proposes to launch two weekly Chinese domestic prices for vanadium products after some initial research and consultation with market participants.

The new price assessments will include one for vanadium nitrogen and one for vanadium pentoxide (V2O5) with both being proposed to be updated every Thursday.

Fastmarkets currently has two prices assessments for Chinese ferro-vanadium and V2O5 respectively and both are on a fob basis. The introduction of two more assessments for China’s domestic vanadium prices will further expand Fastmarkets’ current coverage of the vanadium market.

Since the second half of 2019, Chinese exporters’ interest in shipping vanadium products abroad has been stifled because Chinese prices have been much higher than their European counterparts, which persisted so far this year, especially with regional differences in industrial recovery after the Covid-19 pandemic.

As a result, Fastmarkets has captured few direct deals for vanadium products in the export market in the past year except for the volumes booked in long-term contracts between suppliers and buyers.

In the absence of spot Chinese export liquidity, the market is in need of price assessments for the domestic Chinese market to directly track the trend in the country and gauge the opportunities for international business, including both imports and exports.

In addition to a domestic Chinese V2O5 price assessment, Fastmarkets is also planning to monitor the spot market for vanadium nitrogen - as opposed to ferro-vanadium - because it is a crucial indicator for the vanadium alloys market due to it having better liquidity.

Vanadium nitrogen has gained in popularity over ferro-vanadium among Chinese steel mills in the past few years, given that vanadium nitrogen is more cost-effective, market participants told Fastmarkets.

Considering these factors, Fastmarkets believes it is necessary to launch domestic prices for vanadium products for market participants to better track and observe the market movements in China more rapidly."

A nice profitable big export to China opportunity for Bushveld then!

Hahahaa you'd think it from this MC being less than the NAV!

Still long and strong matey!