Member Info for lordloadsoflolly

MrAmericano - me again! You do realise you posted the following on 24 October 2023:

"My personal investing time horizon is at least 20 years. SMT is a down-on-its luck investment trust, with some very good holdings, and with it's current negative nav, a good buying opportunity IF you want to take some risk, AND have a suitable long term time line, OR maybe want to dollar-cost average down. I share a common interest as a fellow investor, and SMT could be a potentially long term lucrative investment."

It sounds like you first bought into SMT fairly recently, as you mentioned an average buy price of 740p. Which doesn't really chime with your time horizon of at least 20 years. Obviously, investors change their minds sometimes and it can be the right move. But trawling through your past posts, there's something not quite right here IMHO.

MrAmericano - fair enough. Hope you listened to Misty before making the move though!

Wildbunch - got better things to do with my time thanks.

Clenchedcheeks - ST hasn't just been supporting Tek's shares this year. It goes back quite a bit further than that and has been an unmitigated disaster of a tip. Even by Thompson's standards.

CauldStream7 - I can say with TOTAL CERTAINTY that Tim has taken IMM shareholders for a ride.

Maybe not over the latest trial timeframe. But he has DEFINITELY given shareholders false promises in past interviews.

My flabber is ghasted that you still appear to stick up for him.

Cm22 - your previous post hit the nail on the head when you said "Shouldn't confuse the share price with the performance of the underlying business".

And therein lies the problem with TEK. A huge disconnect between the perceived value/direction of travel of Tek's holdings and its own share price. And as I've been saying for well over a year, most of the reason for this is that there's currently still no visible mechanism - with timeframes & milestones - for Tek to crystallise value from its holdings in the form of special dividends. You can bemoan Tek's NAV discount 'til you're blue in the face. But until investors can see a clear payback for helping fund & grow Tek's holdings, its share price will continue to languish.

And currently, instead of focusing on this, Clifford is bleating on about new opportunities in AI. As if he can possibly justify this, when none of TEK's current holdings have generated really significant sales or profits. Let alone any return for Tek's long-suffering shareholders.

In terms of Microsalt's IPO, I DON'T think now's a good time. And I said so - to some ridicule from Tek's main cheerleaders - as soon as the Middle East conflict broke. Sure, interest rates may have peaked for now. But I suspect here - and more significantly in the US - we're talking at least another 6 months before we see any meaningful drop. And I don't buy the usual guff about markets being forward-looking. They're about as forward-looking as your average mole. Indeed, there are currently just too many variables for ANYONE to know what's round the corner. Just take the past 3 years - Covid, Putin & now the Israel/Palestine conflict, leading to an energy price shock, an inflation surge & soaring interest rates. Who - pray - saw any of those coming?

If SOH really did say he had little faith in SBTX’s leadership, it was a pretty daft move, when OPTI still holds SBTX stock.

The RNS spells out exactly what's happened:

Opti reduced its holding in SBTX shares from 15.7% to 13.52% on 22 November.

So in effect yet another dilution, selling off a further chunk of the family silver simply to keep the lights on at Opti.

Thanks mol42 - that GoFigure logo looks really dated & clunky. And why use fat letters on a slimming product?

Can't see how it ever got signed off frankly. It may only seem like a details, but these things matter when they're prominently featured on the outside label.

MrOzzy - according to Morningstar, Microsalt’s IPO has now been delayed for a second time until mid Dec. But I wouldn’t hold your breath:

https://www.morningstar.co.uk/uk/news/AN_1700570596743983800/in-brief-microsalt-delays-london-ipo-for-second-time-to-mid-december.aspx

Oh. There it is now - the little green box saying "This message has been filtered, please adjust your filters to view".

Hmmmm - wonder who that could possibly be....

Bet I'm really missing out, by choosing not to read one of the true oracles on all things TEK.

Not that I'll read TC's next post when it appears anyway, as he's been on filter for a while now.

But I will get the little green box popping up again, alerting me to yet another (fortunately hidden) pearl of wisdom.

Where's Wally?

You know who I mean. The chap who called Tek's bargain basement share price low at 25p just over a year ago, predicting 40p was imminent. And who, more recently, hailed Microsalt's IPO as Tek's latest salvation.

Now I know we all get things wrong from time to time. And I certainly count myself in that.

But isn't it a bit cowardly to practically disappear off the board the moment the wheels fall off your Mystic Meg prediction? Or are we all just having a bad dream still?

I imagine Eva is having to work far longer hours at her coffee shop these days to make ends meet. What a grind!

Stoater - I do always try to remain civil when positing. But sometimes one's patience is stretched to the limit by a cracked record that likes the sound of its own voice.

I've no idea whether GoTrader has "called it right on almost every change of direction". But if so, I very much doubt it'll have anything whatsoever to do with their daily running commentary about who may have bought or sold.

In my opinion, it really is EXTREMELY tedious & tells us precisely nothing. But if you find it helpful, then I'm very pleased for you.

Talk about being obsessed with the irrelevant.

Gotrader - I don’t give a monkeys what Canaccord may or may not be doing.

Fact is, nothing’s likely to improve IQE’s outlook significantly for at least the next 6-9 months. So why on earth buy yet (unless your name’s Canaccord of course)?

And it's my understanding Tek's share price very much isn't still on track.

MrAmericano - no-one knows the answer to your question. So even if there's consensus, it remains a total guess.

I suggest you ask Misty instead. Dogs are pretty canny.

Hi Rogadar - the reason for my scepticism is that there have been umpteen false dawns with IQE over the years.

In this time, they've produced many forecasts suggesting imminent improvement to profit & sales, most of which have never materialised.

They have huge fixed costs and simply haven't been able to cover these since about 2019. They also declare "exceptional" items with alarming frequency (like just about every year).

All that said, I think a fair bit of their problem was Drew Nelson. And he's now relegated to the backbenches, despite his superficially posh-sounding job title.

I've a lot more time for Lemos, as he seems far more commercial & better connected (notably with Global Foundries). I don't for a minute believe he'll achieve their 5 year plan for 3 x revenue & 30% margin. But I do still think there's a chance he might make decent progress towards it. On a 1 year view, I can't see the figures improving much. In fact they may well get even worse. But in 3 years' time, things could look much improved (though with IQE there are never, ever any guarantees!)

Hope this helps.