Member Info for mick-b

My brother/wife visited Cuba yonks ago, soon after it was opened up again for tourists. after the Cuban missile crisis.
He was super impressed and told me all their cars were the big old American classics that were repaired without spares, by numerous small backstreet workshops.

Thanks to continued single market membership, border-free access to all of Ireland, and the rapid investment in Ireland-EU shipping links, Northern Ireland business is currently booming. The UK government doesn't want you to know about that.

SA should go back on the red list URGENTLY
Don't want another INDIA when the delta variant was deliberately let in

Russia will be terrified !!!!!

HOC

PERU
You are dealing with a marxist government.
BEWARE
https://www.theguardian.com/world/2021/jul/30/peru-new-president-pedro-castillo-appoints-fellow-marxist-guido-bellindo-prime-minister

Companies

Softening smartphone demand hits semi-conductor producer IQE

The semi-conductor narrative at the beginning of the year was that everyone needed them but there wasn't enough supply to go around. Now market forces are kicking into gear to bring demand down. With the price of semi-conductors rising, many companies that use them in their products have been cutting production targets.

In a trading update, IQE chairman Phil Smith said, “broader semiconductor market shortages have softened demand in some supply chains”. The company makes the wafers from which chips are made and is now expecting revenue to fall 8 per cent year-on-year. Cash profit (EBITDA) margin is also expected to drop two percentage points to 15 per cent.

The slow adoption of 5G and softening demand for smartphones are the biggest issues for IQE. GaN epi-wafers are an “essential material for 5G infrastructure” but low levels of deployment in Asia and Western markets have created weak end market dynamics.

Its VCSELs are used for 3D sensing and smartphones require them for facial recognition technology. Demand remained solid in the first half of the year but is expected to tail off in the second half of the year because of a “general softening in smartphone supply chains”.

as boat sinks.
Water must be absolutely freezing.
Tragic

Conclusion

A short update to confirm that trading is ahead of expectations. Agricultural commodity prices can be cyclical, but Wynnstay has a fairly low risk expansion plan revolving around organic growth and bolt-on acquisitions to build out its presence across the UK.

It’s got a great dividend track record and is prudently run.

While margins are low, they are resilient, and the group is reliably cash generative. Returns on capital employed are also fairly low, but the group has good asset backing and shares trade at around 1.35x net tangible book value.
The valuation is returning to the higher points of its historical range and has recovered strongly since 2020. It’s also likely that, at some point in the future, Wynnstay will be forced to navigate less favourable farmgate conditions. But the conditions are currently positive and, as a long term hold, this continues to strike me as a good candidate. Unfortunately, building up a meaningful stake can be tricky. (shares are illiquid)
https://app.stockopedia.com/content/small-cap-value-report-weds-24-nov-2021-ung-ao-saa-igp-app-harl-905629?order=createdAt&sort=desc&mode=threaded

They have dogs that are used to find truffles in the wild.

AMAZING.....

up 10%

Wynnstay (WYN) guides FY21 U/L pretax significantly ahead of market forecasts. Cites "strong farmgate prices across almost all categories, which has continued to buoy farmer confidence and farm re-investment. After last year's historically poor harvest, tonnages and yields have reverted to more normalised levels," [SP=530 Cap=108m]

They think COVID is all over
That's the implied Gov message

SNAP !!

307,501,486 views
https://www.youtube.com/watch?v=YoDh_gHDvkk

UK 165

Need 15% .....64 MP's to trigger a leadership vote

The SUN reckons a dozen MP's

Sainsburys is the most likely takeover target in the sector because of its assets....land/property

SOLD my Tesco shares today having read of the strike threat
overreaction?
time will tell