Member Info for mick-b

A chief scientific adviser sent a message calling Rishi Sunak

“Dr Death the chancellor” referencing his 'Eat out to help out, spread covid about scheme' 😬

Following the science my a.r.s.e

Per week.

11p BUY

FLYING........

FTSE100 🔻0.45%

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👍🏾

Sunak 7 bins, pops up in Israel.

for yet another photo op.....and to distance himself from another crushing by election defeat(s)..

I’ve been active in UK small caps for 25 years now, and I cannot ever remember another time when there’s been such a boom in takeover bids, yet market sentiment has been so bombed out. It’s usually the opposite! Another reason to be bullish about UK small caps - it’s not just commentators like me constantly saying small caps are oversold, this is being confirmed as correct from almost daily takeover bid announcements in small and mid caps.

Every takeover bid also injects fresh liquidity into this sick market, which helps the recovery process - since institutions get a liquidity event which enables them to cash out and pay their client redemptions, and a takeover bid also improves their funds’ performance figures. Whilst private investors receive a fresh pot of cash to deploy buying other bombed out, oversold small caps. Sooner or later, this is all going to set off another bull market. Remember also there’s a wall of money in cash savings, where the cautious have (sensibly!) parked their money to protect capital. Sooner or later at least some of those funds will be coming back into small caps, once FOMO kicks in, I reckon! As always, no idea when the bullish scenario plays out, but I strongly feel we’re not far from the bottom now. Especially as sentiment is so bad - could we be near capitulation? I reckon so, yes.

Mid Bedfordshire

Shame neither LIB nor LAB agreed to stand down, as they did in Tamworth.

Anything to get the CONs OUT .....

HUM

is humming today !!

Https://oilprice.com/Latest-Energy-News/World-News/British-Energy-Secretary-Warns-Of-UK-Dependence-On-Foreign-Regimes.html

OnTheMarket (OTMP) 110p rec offer, a 56% premium.

[SP=68.68 Cap=55m]

Ondine Biomedical (LON:OBI)

This share spiked up yesterday on a PR-style announcement that its Steriwave photodisinfection is highly effective against antibiotic-resistant bacteria. So I took a quick look at the numbers, and very quickly dismissed any idea of getting involved!

Main problem - cash burn. It had $13.1m at Dec 2022. That burned down to only $4.4m just 6 months later at June 2023. By my rough calculations, that probably means it’s got roughly nothing left by now.

It nonchalantly said in the Interim results (announced 25 Sept 2023) that it’s confident about being able to raise more cash from non-dilutive capital. For a heavily cash burning company that’s out of cash, I’d want more proof of a fundraise having been done, not assurances that they’ll be able to raise the money.

$260m accumulated losses, so this is quite a big project. But only $428k revenues in H1, and a $8.0m H1 loss.

Rather you than me - too risky at this stage, but if it successfully refinances, then I’d be interested in hearing more about the product, which sounds exciting

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BREXIT benefits gave us the highest inflation in 40 years, the highest debt in 60 years and the highest taxation in 70 years…

The gift that keeps on giving......

I heard a brief report on this on the BEEB at 6am.

Strange that Germany , Australia and Japan (to name a few) are steaming ahead with Hydrogen

development.

ITM have a joint venture with German giant Linde.

https://www.linde.com/news-media/press-releases/2019/linde-acquires-minority-stake-in-itm-power-and-agrees-joint-venture

Yes born in Gaza....

worst than holding lloyds shares.

Pesky oil again ......

https://www.proactiveinvestors.co.uk/companies/news/1030123/uk-inflation-unchanged-as-rising-fuel-costs-dash-hopes-for-fall-1030123.html

Biden suggests the hospital bombing was done by "the other team"

At such a sensitive time without complete analysis, not appropriate for so called "peace talks".

Troajan

Terrible inflation figures ...was expected to go down.

Rate rise a cert.....lloyds dived