Member Info for Mickey2099

Curious as to thoughts on why a share price might go down when there a strategic holding is being built? I would’ve thought today’s new would be price supportive.

For those interested…Richard Staveley of Harwood talks to Paul Hill of Vox (circa 29min mark) about the motor finance case in the context of Harwood’s holding in Vanquis Banking Group. Richard mentions having had meetings with Oxford law professors who are expert in this area and who believe that the COA judgment was completely wrong. Only an opinion of course but expert opinions nonetheless.

https://www.voxmarkets.co.uk/media/679cc2dfe8e324c2682ae517/?context=/series/daily-podcast/

This is curious indeed. Caius look to be quite a small shop and hardly a rich history of experience in shorting, with the only other reportable position being Metro back in August. From a distance they look to have been very opportunistic in the first place by shorting Close and continued to double down at each spike, save for yesterday of course! Curious indeed.

Thanks but I thought the adhesive business was located and manufactured in the US being part of the ill fated acquisition. Assuming cost and sale in USD, then I’m further assuming for an improved translation back to GBP by virtue of a weekend GBP.

Cannot help but muse that Caius have doubled down and are leaving themselves somewhat marooned! Check out the shorts reported for 17 Jan. MW and Qube must be quite happy with their move.

Horse somewhat bolted on that price target.

I’m hoping we’re at maximum pessimism.

Any glimpse of green shoots for their end markets, then we should see a good move higher.

Anyone thinking a stronger USD will help? Given half of Synth revenues are generated in the US.

Unusually high number of trades today. All at the bid. Interesting behaviour. August trading update according to Craig. Looking forward to that.

Thanks Craig. This is the quote delivered in the Q1 results:

For 2H 2023 and 2024, we are focused on delivering the benefits of investments made in prior years to reinforce our long-run growth trajectory by: commercialising new technology solutions for our customers; hiring and training more technicians to meet market demand; and completing implementation of the leading customer relationship management system to automate operations, support scaleability and enhance data security.

In delivering on our growth plan, we appreciate the on-going support of our shareholders."

I notice there’s the AGM next week. Do you think they’ll issue a trading update?

With the new technicians trained up plus weather conditions in the US then you’d expect to see positive momentum in the business. I also think the CEO talked about demonstrating value for the investments made.

Great to see the upward moves. I see there’s a investor day on 13th Jan. Any other ideas on the rationale for the move? Could be the general uplift in sentiment for the semiconductors.

https://stream.brrmedia.co.uk/broadcast/634e6c456815e65bb9fdae06/637f639667d69d6f07065146

Fair enough but feels like the new CFO has done that Alex at with the write down advised in the half year results. Seems like a sensible and conservative approach taken.

https://webcasting.brrmedia.co.uk/broadcast/623b00125929033805715060/628cb7a97432d566a424a43d

I contacted Investor relations who advised full year results are scheduled for 22 November. They also reminded that ‘…..performance for the year on an excluding armor basis is predicted to be at least in line with market expectations…’

I notice there was a 30 Sep year-end trading update issued on 13th Oct last year. Does anyone know if we’re due the same tomorrow? Thanks!

Hi RetiredBanker - any ideas why we’ve not seen any trading update? I’d dip back in but that’s making me a little nervous.

Great to see this with Huntings results commentary announced today:

‘For the Company, every business unit and region is witnessing increased demand for its products as evidenced by rising backlogs which have notably expanded since the start of the year given a new budget cycle. ‘

Thanks for the clarity. You seem to have a good handle on this sector.

Can’t claim ownership for the calc. Attached article quotes programs valued at £26bln over the lifetime.

https://www.energyvoice.com/renewables-energy-transition/wind/uk-wind/scotwind/380073/scotwind-cromarty-firth-aberdeen-harbour/

Very interesting. Offers a pipeline for projects worth £26B over time. Strikes me there’s a huge opportunity both old and new over the coming shorts years.

Feels like a great deal if momentum behind the share price. Next stop £1.70.

I think the Soc Gen target of £2.40 for end of year would be a reasonable but conservative target. To be fair there’s a great deal of pent up demand after 2 years of tools being down, that’s likely to result in a sudden grab for services to get these projects moving. So upside to the £2.40 target well I think £2.90 to £3.20 for year end is my guestimate.

Feels like a great momentum play happening over the coming months. Now just to get us off that ADNOC black list.