Member Info for lordloadsoflolly

Thanks Seamanp911. Yes, we're all on the same side really. Just think some posters occasionally get carried away, so I like to bring a bit of balance every now & then. Assuming TopCatz' figures are correct, by my calculations Presty's $10 million as a share of the overall ready meal market is 0.0007%. Small, as I said!

Seamanp911 - No, I've never ramped or de-ramped & remain a holder here. I just say what I think. To me, the share price is ultimately all that counts. And that'll be driven by nothing other than noticeably improved financials at the end of the day. I agree the Presty deal is a start, which could lead to much bigger & better things. But as a standalone announcement, it won't have much impact, as this morning's muted/non-existent share price reaction shows.

Presty definitely are small. Hands up anyone who'd even heard of them before this morning? Their website says "For the moment we have 3 recipes available in the US: Cheese Ravioli Marinara, Quinoa Tex-Mex and Fusilli Marinara, with more delicious options coming as soon as Summer 2020!" Doesn't bode well that they haven't updated it in over 2 years! On the products page, it lists just 7 lines: hTTps://prestyfood.com/our-products/. Still, it's a start I guess. But nothing that'll move the dial significantly. For that we'd need a household name like P&G or Unilever to sign up.

We'll only know for sure once Avion announce their intentions. Until then, it's all rumour & speculation.

I'm not a trader, but have paid significantly more than I needed to by buying in at the wrong time. We all do it! And I maintain that Clifford's hazy exit strategy (more the lack of any strategy) is doing this share price real damage in the short term.

baf3 - it's expensive because you could have delayed a month or so and got in a lot cheaper.

baf3 - Sure, the market may be proved wrong in the longer term. Hope so! But right now, it's been expensive betting against the marketwhen it comes to TEK. Just because something looks mis-priced now, doesn't mean it won't look even more mis-priced in another month or two.

Whatever we all think about TEK’s intrinsic value, fact remains the market disagrees. And unfortunately for holders, that’s the only thing that really counts. In volatile conditions, with global economic downturn seemingly now a given, funds often trade at higher than normal discounts to NAV. TEK may look cheap currently (sadly I thought that when it was in the mid 20s). But in this topsy turvy world, that doesn’t mean it couldn’t get cheaper. I’ve banged on about it many times before, but I maintain that Clifford’s lack of clarity on exit strategy & even a rough timing for any special divi distributions is starting to severely harm the share price & the credibility of his investment strategy. No good simply telling us he expects all four companies to have IPO’d or held trade sales within the next 18 months and thinking that’ll keep investors on board. Two of the four companies have already IPO’d. And look at TEK’s share price now.

fela96 - I don’t wish to labour the point, so won’t be posting re: your take on risk after this. But I do think you’re being a tad disingenuous when you say “please potentially lose me money, with the reward being likely larger gains in the long run.” To me, that’s just another way of saying you’re prepared to take greater risk & a longer than average investment horizon in the hope (not certainty) of greater returns eventually. And your response to littlened implies (to me at least) that with volatile investments come long term gains. That may sometimes be the case - and we all hope it’ll prove true with SMT. But it’s never a given - and therein lies the risk.

Time to ignore maidit308, so I shan’t be responding to him/her/it further. Other posters can judge for themselves who sounds more calm & thoughtful.

Surely everyone's goal is capital preservation? I don't know anyone who deliberately invests in a share saying "I'd like to lose money please - and make it snappy!" Every investment decision is ultimately about risk appetite. What are the chances of this share/fund/shadycryptononsense ultimately making me serious dosh versus my chance of losing some/all of what I put in?

Quite. But by now we're fairly used to the next RNS being pivotal to IMM's share price direction (and indeed its very future).

nolupus - I wouldn't worry if I were you. I'm certainly not. Sadly, posters who resort to foul language simply show they've lost the argument. If you can't debate something rationally, best keep quiet.

I use Trustnet myself as it’s FREE & allows you to analyse comparative performance within sectors. Can’t see what extra info you really need to know that would justify shelling out £6k per year. Especially if its main conclusion is that SMT is more volatile than the FTSE100. I mean really - no **** Sherlock! Still everyone’s different, so fair do’s if you think it gives you the edge.

burtond - I hate to rain on your parade, but this "analysis" from totalmarketsolutions is really nothing more than a statement of the bl**ding obvious. IFf the approval process is "still on the tracks" and IF Avion confirm they'll continue funding it, then yes, IMM's share price will rise. Conversely if it isn't and if they don't, IMM will likely sink without a trace.

Someone on the ADVFN board has mentioned Bose buyout rumours. But I've no idea where they got that from, so impossible to know if there's any substance to it.

The Lucyd/Nautica tie up was RNS'd on 3 October though. It never takes NASDAQ shares that long to react to news.

The enthusiasm of the CEO tells us precisely nothing. Except that HE remains enthusiastic. Not saying Microsalt won't eventually be successful. Who knows? But as others have said, show me the money.

littlened - could you provide a link please? I can't find anything relating to Scottish Mortgage on that site myself, so a link would be useful. It goes without saying anyway that SMT is far higher risk than the FTSE 100. I'd sincerely hope any investors here were already fully aware of that.

Tivman - this "new" presentation is actually quite old news, pre-dating Lucyd's IPO. I agree Clifford sounds upbeat. But he would, wouldn't he? And the share price certainly isn't, despite two of TEK's four companies now having IPO'd. The elephant in the room is why there's an ever-increasing discount to NAV here. Presumably market conditions are partly to blame, but Clifford conveniently avoids the question, preferring to dwell on the supposed valuation uplift in all four of TEK's companies. I am a holder, but won't be adding, as tech is currently unfashionable, so TEK could have further to fall. I also don't like the lack of any real clarity over exit strategy & any special dividend distributions that may result. Sure, it's talked about, but two of the four companies have already listed, yet TEK's share price is almost the lowest it's been for over a year. That said, I will continue to hold rather than sell my existing shares, as I still think there may be decent longer term growth potential here.