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Superb stuff once again from BBN!

And well said Alfacomp - it’s hugely exciting!

Ah when did that happen? I clearly missed that

Bushveld has continued to make progress in line with their years-long strategy to position themselves in the 'right place right time' for these Eskom BESS Tenders which are going on now (the Phase 1 tender closing date is a week away).

As part of that they have completed the Enerox acquisition and have continued to increase production capabilities, despite the impacts of covid-19 (which involved a 35 day lockdown in South Africa).

In the meantime, ferrovanadium prices have been recovering from historic lows, green energy investment looks like it's going to rocket with govt stimulus money etc, and VRFB technology adoption continues to gather pace around the world.

So we're all a bit baffled by the share price movement in the past 6 months to be honest. This is such a bargain right now, trading below the NAV per share, and we're expecting transformational news in the next 3-4 months with these Eskom tenders. It's madness but I'd honestly just take advantage whilst you can.

Great post, Jolly!

This looks good value, it's clearly growing, and BXP ramping up their export growth (esp in the USA) is very exciting!

BXP seems to have stablised on the DSE so I expect us to do the same here I hope. Will wait until that's happened before topping up.

PS - what does GDR mean? I'm not familiar with that one

NAV per share is 12-13p so this opportunity to buy beneath that level is incredible actually.

You would be silly not to at least have a small top up IMHO

DYOR & GLA

Completely agree!

Looks like we've dragged down due to covid-19 here when actually the infection rate in South Africa is probably better than it is here in the UK .i.e. it's completely unwarranted.

Expect a trend reversal imminently!

loutro - thanks for your message, I had missed that news story this morning, but that makes sense.

The interesting thing is that motor profit margins have historically been notoriously thin. So my feeling is that if motor insurers are no longer able to 'price walk' renewals, new business premiums will have to increase to maintain the balance. i.e. it's unlikely that there will be any material impact from this, it'll merely involve re-balancing premiums from loyal customers to switchers.

Seeing as motor insurance remains and will always be compulsory for all drivers, and seeing as the frequency and severity of motor claims will has fallen massively this year, recovered mostly, and are likely to fall again, investing in the UK's largest motor insurer at this time still feels like a wise move to me.

I re-invested a large amount at almost 294p so I'm in a similar position to you but genuinely am feeling super confident here and, as bizarre as it sounds, a fall to 270-280p once again would be quite exciting because then we're in the territory where there's 40% upside again!

DYOR but we're onto a winner here, and the more stringent the lockdown the better for DLG.

The end of being able to go to the pub or restaurant after 10am is good news here since it means the number of motor claims when it’s dark will fall, and they tend to be the most severe / costly.

Any further restrictions to bring the country into a second lockdown or close to will be even better for DLG’s motor profitability, and increase the prospect of more dividend payouts here.

On a personal level I’m gutted cos I don’t want this country to go backwards but as a DLG investor I’m delighted. So it’s ironic the share price has fallen today.

Will be looking to make a significant top up if we go into a second lockdown!

DYOR

I’ve been quiet lately due to a heavy workload but I thought I’d just say that, whilst I’m feeling exasperated by today’s drop (more the extent of it than the drop itself given how the market has been today), I’m still as bullish as ever for all of the many reasons I’ve stated before.

Will be topping up once the dust settles.

GLA :)

17%+ from here

Hahaa is that what you're doing, Jolly?

If so, I'm rather jealous because shorting ST's tips after the initial burst must be such an easy way to make money!

Out of interest, what platform do you use? because I don't think I'm able to short stuff on interactive investor (but might be wrong - I've never tried!)

* plus the senior hire announced today of course.

Upon further reflection, I've decided to continue sitting on the sidelines.

Why?

1) The multiples here aren't what they were. Even if we assume H1 x 2 = Full Year, both P/E and EV/EBIT appear to have crept up from what I said in June to 14-15 now. But H2 will not be as good as H1 (6 months ending 31 March) because it'll have the full impact of coronavirus. We can already see signs of this with the cash and debt figures skewing sharply, and the furlough scheme being utilised, etc.

2) I find the lack of a business update since mid-April slightly concerning. I know the company typically doesn't provide business updates between April and October but, in the highly unusual year this has been, it's reasonable to update the market somewhere in between this 6 month gap. And I don't fancy investing at such a volatile time in the market into a company which requires so much guesswork.

Let's see what's said on 15 October. I could be wrong (again!)

DYOR & GLA

OK this has caught my eye again because - as explained on 19 June - I do like this sort of company, and now it's roughly at the 50pish level which looks good value on a fundamental basis.

The HY Results that have come out since then show that revenues have fell just 5.6% for the 6 months ending 31 March. One could argue this doesn't take into account covid's impact on the business but that's certainly not true for the APAC business which still performed well. Also the company said that they have been largely unaffected by covid over April and May. So this is clearly a v resilient business overall.

Fee earner headcount is really important in assessing the company going forward, but it isn't clear what's happened here.

The HY Results said fee earner headcount reduced by ~8% only, however it isn't clear what has happened since 31 March. Currently all we know is that the company hired 2 fee earners in New York, and I can see online that they have some vacancies in the UK and Munich, but on the other hand the highly-respected CEO has departed too (and I bet his billable hour rates were v high!)

I'll try do some more research into this at some point but my gut feeling at present is that there's enough info to make a relatively safe punt on Driver but not enough visibility to invest a serious amount.

DYOR & GLA

To sell a drug treating an irregular or overly fast heart beat in the USA !

Happy days : )

"Beximco Pharmaceuticals Limited, the fast-growing manufacturer of generic pharmaceutical products and active pharmaceutical ingredients, today announces it has received US Food and Drug Administration (FDA) approval for Flecainide Acetate (50, 100 and 150 mg tablets), an antiarrythmic drug used for treating irregular heartbeats in conditions such as tachycardia and artrial fibrillation."

Completely agree Pdub.

Obviously think GS are making a huge mistake but it's good to have some clarity around those large sells we've been seeing!

Also think it's positive to see how their sells have somewhat been absorbed by increased buying elsewhere.

Onwards and upwards : )

More sells than buys today but we're talking very tiny sums either way so I'm surprised by the 8% drop.

Keeping my powder dry until the dust settles somewhat.

# Trades 14
Vol. Sold 52,720
Sold Value £29.00k
Vol. Bought 24,743
Bought Value £13.61k
PE Ratio 7.895
Earnings 6.967
Dividend 1.358
Yield 2.470%

cos I feel this is only going one way longer term.

Waiting and watching to time my top up ...

We've now risen over 6% since the recent low, and it looks like the trend will continue for a while yet :)

Ah sorry to hear some of you LTHs have sold a bit. I've done the opposite with my last top up being at 13.75p recently, and I stand by the decision because the immediate future is far too bright here!

Each to their own but this will eventually be a multi-bagger once again, and so I'd rather load up around this price level whilst I can, because the days sub 20p will soon be behind us IMHO.

GLA & DYOR :)