Member Info for Libero

It says no decision has been made re the 350 MW of energy storage batteries that will be used.

Wonder if It’s worth someone here sending a couple of emails explaining the merits of vanadium over lithium...?

https://www.google.co.uk/amp/s/www.solarpowerportal.co.uk/news/amp/uks_largest_solar_park_cleve_hill_granted_development_consent

https://www.solarpowerportal.co.uk/blogs/an_exception_not_the_rule_the_significance_of_the_approval_of_the_uks_bigge

Ah we had 1 big @ 13p around 3pm but doesn't look as though we've held it

Actually have slightly mixed feelings but I'm literally 4 trading days away from my next top up (I'm waiting for the DLG ex-divi date!)

Hahaa you're too humble, I've seen you time your trades so well on a variety of different shares - sounds like you've got a great eye for it! (after years of training I'm sure)

Thanks for your advice. I intend to hold for the ex-divi date before making my first sell (is it dangerous selling on the ex-divi date? I'm new to this!)

By the way, the next share I've got a good feeling about is FRP Advisory. It's brand new to AIM having only listed in March. It's risen about 50% since then (I completely missed this) but looks very good value to me and I can see it doing depressingly well in the months ahead because it makes money from business that are financially struggling. Would be curious to hear your thoughts on it.

Have a great weekend buddy and, as ever, best of luck with your investments - I feel we could be entering increasingly choppy waters in the months ahead!

Also has anyone noticed how there’s been no massive sell trades going through today, the day after my email to the LSE etc. Just two massive £200k buys reported as of 2 days ago apparently. Funny that.

Said we’d finish at or close to 13p by the end of today. Can we re-reach it?

Would bode well for a 15p finish next week if we do

Very well put - Bushveld have a very strong advantage in this Eskom tender. In the rather corrupt way in which things work in South Africa this bodes incredibly well for us winning the tender.

$415,000,000 contract as well = £317m = WAY more than our current MC. The share price would rocket on this news (if it is well communicated to the market as to how significant this is!)

Btw no one replied to my question last night but why do you think John Meyer said that “I also suspect some short covering as some market makers may have been expecting an issue of new stock to pay for the Energy deal.”

The issuance of new shares does concern me somewhat because it dilutes our shareholding and typically these share issues come at a slight discount to the SP at the time. Not trying to deramp but that is playing on my mind somewhat.

Covid is a bit scary but the impact it has had on everything does seem OTT in my view. Especially having been to France and seen how relaxed they are there, and how their economy is pretty much back to 100% capacity again from what I could tell in Paris.

However it makes no sense for covid to put you off from investing in the UK's largest car insurer because car insurance is compulsory and so the only impact it has had has been to make DLG much more profitable then they would've been otherwise.

Am therefore still confident we should see 350p+ before the ex-divi date so I'll be watching the share price with intrigue over Mon-Thurs!

Yeah I honestly wouldn't risk it. Q2 Update is imminent and they may well mention their intention to bid in the Eskom tender once they can do so later this month.

Looking through the recent news articles that mention the company, it's incredible how much work they're picking up.

In July alone, they were appointed to work with the following companies.

- The Govt's Pension Protection Fund called FRP Advisory to scrutinise the job PwC had done previously before Laura Ashley's collapse.

- Appointed to help Debenhams restructure their business ('light-touch administation' they called it)

- Appointed as the administratiors for Prezzo.

- Appointed as administrators for:
a Balfour-owned waste JV company in Essex,
Rileys Snooker (chain of clubs),
a sports bar company with 20+ sites,
a wire manufacturing company,
2 companies who sold car parking spaces near airports,
'Heritage Cashmere' who sold luxury cashmere products.

Additionally they have been appointed for Carluccio's restaurant chain and the gym chain called Energie Fitness.

Previously they've worked for BHS, Maplin, Monsoon, Comet, Bonmarche, etc.

Investors Chronicle rate the shares as a buy @ 12p in June, because they know it's a great hedge against an economic downturn, and they're impressed by the 15% YOY revenue growth the company has enjoyed from 2010-2019. Nothing will have changed their view since then.

If anything, with the number of insolvencies now increasing, and due to increase much more over the next 6-12 months, they would be even more bullish.

Short term target = 160p+

12 month target = 200p+

And ironically no one responds to this one hahaha

btw there's a sea of blue trades today once again, so I expect us to finish closer to 13p by COB this week.

Just seen that BXP is trading at 90.7 Bangladeshi Taka = 82p in sterling. So why is the discount between the prices on the two exchanges so wide? I know we live in uncertain times but a gap that wide makes no sense to me

https://www.dsebd.org/displayCompany.php?name=BXPHARMA

I've only just come across this share and am gutted to see that I may have missed the boat.

Well done to all holders here - looks like you've got a good 'un!

Hahaa I'm always quite curious by what your views are on various shares

Looks like you've traded this one very nicely! What's your trick to timing your buys and sells on a share you like? Got any advice for me on DLG? (where I haven't sold a single share yet)

Good point Pdub ;)

Jeez you're the same troll we usually see at night, aren't you?

You need mental help. Honestly can't be good for you to be so bitter.

Interesting that its PBT pretty much equals its PAT. With a dividend policy of paying out 70% of net profits in dividends, it suggests we could be looking at a healthy 6-7% yield at this price level, which the market doesn't seem to have cottoned onto due to a lack of research!

Presumably this is something they will announce alongside their Results which are being published on 27 August.

So, to summarise, this appears to be:

1. A profitable company which is seeing their revenues & profits grow by double digit %s year-on-year.
2. Has great prospects because it will thrive off the economic downturn that's slowly becoming more and more apparent.
3. Looks good value on P/E and EV/EBIT ratio metrics...
4. ... especially if this was to be considered a growth stock given the above.
AND
5. It will soon declare a healthy dividend that should get the market excited after all the cuts/suspensions of dividends elsewhere.

On this basis, I reckon we could see the share price re-rate to 160p+ very soon after they announce their results on 27 August. So I've decided to buy a few shares @ 117.6p with a view to adding more if there's any dips in share price.

Looks as though this is trading on roughly PE of 10 - based on 2019/20 figures due to be announced later this month.

Looking further ahead to the 2020/21 Year

March & April 2020 Revenue was £11.5m - a clear increase presumably as they picked up more business due to covid-related insolvencies. All things being equal this suggests revenues of £69m and profits of £30-31m.

However I expect there to be a sharp increase in the number of businesses in financial distress. So I reckon we could realistically expect 2020/21 figures to be approx £80m in revenue and £36m in profits. This is represent a further 27% increase vs the 2019/20 revenue and my crude profit calculation.

This makes it look undervalued.

Why do I think it's undervalued? because no one knows of FRP yet I suspect since the timing of its IPO was unfortunately a week or so before the world turned upside down.

Need to do more research here but honestly feel there might be a v exciting opportunity here. Especially having seen how much banks are setting aside for bad loans and what the Bank of England are now saying.

https://www.thisismoney.co.uk/money/news/article-8601307/Britain-faces-tsunami-insolvencies-amid-50bn-cash-flow-crisis.html

Oh wow that's going to send IES's share price soaring again.

Similar thing happened for CNS and the share price went up 100% ever so fast!

OK we seem to have plateaued the last couple of days (and I don't expect any chance today tbh), but I suspect it's a brief pause before another step up next week.

21-28% upside from here (depending on whether you include the dividend) , close to 0% downside, so this remains a "Strong Buy" from me