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You've got it exactly right there. Nothing has changed - there is nothing material "yet" to support the share price being at this level.
Unless something has leaked this is just being pumped up. If the test is as good as everyone is saying it is then fair enough but until then I believe there is nothing to support this and it'll tick down before ramping back up next week.
Seems like the herd have gone elsewhere...surprising considering the 1-2p valuations that were flying based on the expected news...tomorrow!
Whilst it is a nice summary, it still doesn't support and drivers for investment. The company isn't making money and is unlikely to do this in the short term until large scale production can be realised. At which point they are likely to be going up against Tier 1 and 2 battery manufacturers. As a Tier 3 player by 2025 they will be both out positioned and out gunned unless they can be first to get the solid state battery operational at room temperatures <-- the parameter that is holding most solid state battery manufacturers behind at the moment.
As I said before - the value in the company is there but the fact it isn't going to be realised for a few years means that share price is way overvalued and creates a risk that the company will do a raise to generate funds to support their growth leaving PIs in the dust unless they allow retail investors to get involved.
Whilst I don't agree with your longer term targets you still have the overhang of covid...once that have been removed then the future potential is incredible. I was adding at 100 and sold at 250 and will 100% be getting back in before the next quarterly. Before then there is very little upside currently to go on. When lockdown is over there will be a buying frenzy.
I'm interested to hear why there are buyers here. The company "makes" solid state batteries...that is true. But there is barely any production capacity. Any profits here are coming from grants.
I don't really understand why anyone would buy this company in 2021 especially at £2 a share when this value is likely to be realised in 2023-2024 when production capacity is scaled.
also important to note that their tech is no different from other solid state battery suppliers on the market. Blue Solutions has capacity approaching 1 GWh...compared to Ilika's 0 kWh (<100 kWh by year end)
Whilst it is very well to highlight the strengths of the YU and what they are doing to turn the company around. It is still a B2B company, with most of the assets on the books not using office space or trading has slowed resulting in a lot of inflated sentiment.
I remain bullish on this stock but would also highlight that the current share price does not reflect current value. Once lockdown is ended during the summer, I would expect another wave of business and further confirmation that the company is growing. That being said it the share price will fall back to 150 or under as new investors will be expecting a rise to 1000 or above. This level will not be seen for minimum 2 years so is an investment share not something to be traded.
Opinion: Weak buy for long term investment, sell if you're a trader and Hold if you are already invested.
Quite funny how there was a flurry of interest when certain posters jumped in and then now everyone is surprised that they've gone.
classic pump and dump by some but others as seen by the holdings are here for the long term.
I have previously held Starvest shares to have increased exposure to GGP without directly investing - I also really like their ORCP position which will rocket the company once that comes off.
PRIM's pre-IPO mixed with Starvest's share dealing would be a fabulous mix and something I did mention to Dana when I spoke with him last week. Interesting times surely ahead.
There are two sides to this story - I personally think the BoD salaries should be removed to something in line with share performance. Shares are down still from my initial investment but that is only due to the inability to accurately value the pre-IPO holdings.
I think AC should take a pay cut but would like to see any BoD take a significant cut so not in half like is currently proposed. but even further. 50k is plenty for a PRIM board. I'm very happy to award performance related bonuses as well. If the mcap hits £25m then AC can take a huge bonus. totally fine with that becauses he's achieved his goal.
Whilst I agree with the sentiment, I'm not a fan of the hostile takeover style to implement a strategy that is essentially the same. If your time is going to be spent trading shares and positions then set up your own fund, get a NAV similar to what happens over at SVE and trade away - but I wouldn't personally be investing in it.
I am here only for Engage and WeShop, once those investments get converted I don't think there will be much more residual value in the pre-IPO portfolio. so 1 or 2 years max. Covid goes away, Engage have a great position to pitch and market their platform as businesses will be successful - should this phase go to plan.
Not sure I agree with the line "If you pay shares the cash is still in the pot and although there are more shares there is more cash per share and therefore greater NAV per share and higher share price per share."
As fundamentally if you have more shares, there is less cash per share - both routes result in loss of value either via dilution or directly through cash loss.
I am however, completely on board with changing up the board and switching to a more performance based structure. Share price moves from current levels to +6p then eligible for bonus in shares. 8p the year after etc,
Keeps the rate of return for shareholders up and builds an investible company.