Member Info for mick-b

Charred remains and wrecked cars are all that remain after a deadly collision involving a fuel tanker in the capital of Sierra Leone, Freetown.
Motorbike-taxi riders nearby started collecting the leaking fuel, causing a traffic jam. Shortly after, there was an explosion.
The fireballs spread into the surrounding area and onto the vehicles caught in the traffic.
https://www.bbc.co.uk/news/world-africa-59188756

Between October 17 and November 5, roughly 918 COVID-19 infections have been confirmed in China causing the country to continue its "dynamic zero COVID" policy, Wu Liangyou, the deputy director from the NHC disease control bureau, said on Saturday.
The new cases confirmed in 44 cities across 20 provinces were all linked to unrelated, imported sources, prompting China to put a particular focus on risks associated with travel, as it works to prevent a domestic rebound of the virus.
As China reported to have vaccinated 75.96% of its population, Sinovac said that its COVID-19 vaccine is safe for distribution among children as young as six months of age, citing trials data.
Breaking the News / TT

INFRASTRUCTURE DETAILS (per White House)

—$40b bridges
—$11b safety
—$39b transit
—$66b Amtrak/rail
—$7.5b e-vehicle chargers
—$5b clean buses
—$17b ports
—$25b airports
—$50b water resilience
—$55b drinking water
—$65b broadband
—$21b enviro remediation
—$73b power/clean energy

The United States House of Representatives followed Senate's footsteps by approving a bipartisan $1.2 trillion infrastructure bill in a 228-206 vote, sending it to President Joe Biden's desk for a final signature.
Despite being significantly smaller than the original $2.25 trillion proposal made by the Biden administration in March, the legislation still delivers significant investments in the US infrastructure over the upcoming years. Among other things, the investment would include support for rebuilding roads and bridges as well as funding new climate resilience and broadband initiatives.
The lower chamber of Congress did delay the vote on a $1.75 trillion social spending package, however, progressive and moderate Democrats later managed to reach an agreement to vote on the bill before November 21.
Breaking the News / ND

Madrid metro. Every. Single. Person. Wearing. A. Mask.
Spain- 15 deaths yesterday.

What is wrong with the UK? (214 deaths yesterday)

https://www.intelligent-aerospace.com/avionics/article/14182244/ammonia-aviation-fuel

Purplebricks (LON:PURP)
34p - mkt cap £104m

I don’t currently hold this one, as a recent MailOnSunday article about potentially large legal action spooked me into selling. Then it issued a profit warning yesterday.

New instructions - have “slowed significantly” in recent months down 38% - that’s a big problem, because PURP earns fees up-front, on signing new instructions.

Cash pile has reduced sharply, to £58m (from £75.8m a year ago), implying substantial cash losses. Expected to “stabilise” in H2.

Adj EBITDA to be “below previous guidance”

Medium term guidance unchanged.

Legal action not mentioned.

My opinion - the market cap is looking really low at £104m, for the best-known online estate agent. Half of the market cap is supported by net cash too. Although how much of that cash might be absorbed by legal costs? The issue seems to be over the status (employed, or self-employed) of its staff. It has switched over to employed status now, but there could be legacy costs if courts decide to overturn the previous self-employed status. It’s a material uncertainty at least.

Also, I swallowed the strategy update from the company in a webinar a while ago, but it has clearly not worked. The money back guarantee (with lots of conditions attached) was supposed to stimulate new instructions growth, but the opposite has happened.

Hence I think there are big question marks over strategy (and management). Also the company should have said something about the legal case, which is a risk.

That said, I’m finding the £104m market cap very tempting. Will give it some more thought. I’m tempted to buy back in, but need to think it over some more.

.
https://app.stockopedia.com/content/small-cap-value-report-fri-5-nov-2021-placeholder-896269?order=createdAt&sort=desc&mode=threaded
(SUBSCRIPTION ONLY)

mind the extra funding coming soon !

TERRIFIC ..........

Very ugly trading update from Purplebricks (LON:PURP) yesterday.

Their instructions down - 38% in HY to Oct21. This is worse than the industry trend they provide, decline of - 23%. Continuing to lose market share.

Cash pile rapidly dwindling. £16m burned in the HY.

Argo Blockchain (LON:ARB)

Cowboy outfit:

https://www.investegate.co.uk/...

Hilariously, in the official RNS they backtrack on what they hyped to Mr Coyle...clearly ARB were caught out by someone getting carried away and tweeting their bs.

Hey, but ARB and crypto...its a rocket ship to the moon babe ( a reference to its energy consumption)

"Are you saying covid condom for you're head."

Isn't that a party trick?

RIGHTMOVE is the king...every estate agent uses it. But it very expensive on a high PE

Next it will be....... Covid yogurt , Covid pasty , Covid condom..... endless permutations

Very ugly trading update from Purplebricks (LON:PURP) today.

Their instructions down - 38% in HY to Oct21. This is worse than the industry trend they provide, decline of - 23%. Continuing to lose market share.

Cash pile rapidly dwindling. £16m burned in the HY.

disrupter .......
:-D))))))

Every morning just before 6am on radio 4 a British bird song is selected together with interesting facts.
Tuesday morning was the turn of the beautiful JAY. Apparently it is the reason that oak trees can be found on top of a hill. As the jay stores acorns in the ground and as acorns are heavy they can't roll uphill. Something I've learn in a brief 3 minute birdsong slot.
Hope you are still enjoying toiling your land. It's bloody freezing in Essexland.
ATB m8
ATB

https://app.stockopedia.com/share-prices/up-global-sourcing-holdings-LON:UPGS

After hostile media (MAIL) and with numerous party backbenchers fuming BODGER U-turned and dumped the grubby Paterson.

MP Owen Paterson to step down
Grubby little man

Statement re Possible Offer