Member Info for Moneysponge

Very defensive people on this bored
I am not short or long boo
I like to trade it tho
I will make my decision based on how the price interacts with the 200dma
Not everyone is a buy and hold investor happy to ride up and down
and these bulletin boreds are for all sorts of people including those who wish to trade the stock

I am not into rumours southcoastbather
I am into fundamentals and technicals
Fundamentally WBI is valued at 1.05p a share
But has NET assets on the balance sheet of over 200m
Equating to 9p a share
So even if it goes bang like you say (which it wont), my investment there is very well protected.

Back to BOO
I just seen now that the 21ema has been crossed to the downside
if it closes below that and it will
then Boo has officially had it's peak for now
Likely recession later in the year will hurt retail facing stocks like this
and market is beginning to see it I think

Why would a company that has just raised 3m go bang?
We have established alredy who is selling and why (see lower down on thread)
I realise now who you are
you are a boohoo shareholder and just don't like anything negative posted about boohoo
even if it is backed up by technicals or fundamentals
And I recently looked at chart for boohoo and posted there as it looks bearish
quite sad of you that

That's good Jongle
Pretty much agrees with me
200dma test is nailed on for me
I will watch that closely because if it does fail it confirms a bearish head and shoulders pattern which I actually hadn't spotted
But can see it now
Thanks

Looking in here there has been an increase in sell volume since 9th March
Looks like hard resistance around 55p which Boo are struggling to break above and maintain
Bearish RSI divergence in play
Stock will test the 200DMA at 48p shortly and needs to remain above for uptrend to remain
Watching for short/long opportunities

https://investegate.co.uk/hurricane-energy-plc--hur-/rns/holding-s--in-company/202006011820326002O/

Artiji here is a TR1 for pelnam selling HUR
its not rumour its fact
So is Lombard with IOG (Thanks TopWhack)
As that is the one I remember now
There sloads of other examples
Just look
Bottom line is
Lombard and Pelham are not selling WBI in isolation
They are selling loads and creating dropportunities for us PI's
Doesnt happen often to get the chance we have here

Have seen plenty other hashtags moaning about lombard and Pelham selling recently.
Just look at HUR for example
I don't remember the others but there been loads

Pelham and lombard are selling or liquidating most of htere portfolios
It is not specific to WBI
Pelham is OUT confrimed via RNS
Lombard are absolutely OUT or on dregs
SEe my earlier post which calculates it
Stock is oversold technically
A good bounce is due here
it'll come just watch

We know Miles Pelham has sold over 15% of the company with him actually falling to zero on 24th Feb - that eases the selling pressure massively

But
Lombard are or were still selling (but selling to someone, likely MCM?)

Between 31st Jan & 27th Feb there was 875m shares traded & in that time Lombard sold 119.2m shares as confirmed in the 27th Feb RNS. This took their stake down to 4.47%
leaving lombard with 100m shares still to dump

On 17th March the company updated their website showing all holders at 3% or above. Lombard were not on that list therefore they are below 3%.

Since the RNS on 27th Feb, confirming LO held 100m shares, to present day 1,217 shares have been traded. Way more than the 875m that were traded between 31st Jan and 27th Feb and in which period Lombard dumped 119m

That says to me that they are highly likely to be fully out, along with the fact that none of the share volume since 24th Feb will have been used by Miles Pelham as he has already been confirmed as OUT.

100m shares as a percentage of the 1,217 shares traded = just 8%
Whereas
When they dumped 119m shares between 31st Jan and 27th Feb the 119 as a percentage against the 875m share traded volume was 14%

Very clear to see we will rise very quickly soon. Someone is accumulating these are PI's are now giving them away cheap out of fear. Ridiculous way to carry on

https://uk.investing.com/equities/obtala-resources-financial-summary

This drop caused by x2 II's desperate to sell
is a absolute gift

jzchat
Do you realise how many shares the likes of apple have in circulation?
If you think stock is going down
Lets hear a reason why with details such as its highly priced than a competitor (which it isn't)
or
it has a weak balance sheet (which is doesnt now it's raised)
or
They are operating in a shrinking market (which they arent)
or
Revenues & profitability are going backwards (which they arent).

Lets hear some proper fundamental reasons why it's going down
I don't have time for gut feel nonsense because my gut feel is that is going to multibag from these lows
Doesnt make me right
But I have provided sound arguments for why I think that will happen

x2 II's are being forced to sell which has dragged the SP down
However clearly someone is now in hoovering up mode around this level
And it's not retail
This is around the bottom
Our net assets per share equate to 9p today remember & should be worth a hell of a lot more in future
If you're patient enough, accumulating around this level is a lisense to print money

Even without the carbon credits the sustainable lumbar business and trading division of WBI is performing exceptionally well (Read the Q4 TU).

As for the CC's then we know they're worth approx $25t in Africa & $100t in Europe and set to rise significantly in the years ahead as companys need to offset their emissions. From the 2021 investor presentation demand is expected to increase 20x by 2030 & 130x by 2050.
Just 10 companies have budged over £5bn for CC projects.

Some example project economics were also presented
20k ha project sequestering 25t/C02/ha would generate 500k CC per year
So let's say that at a conservative value of $50t that would equate to $25m in revenue per year - from just 20ha

As we know WBI numbers should absolutely crush that.
There is nowhere in the world where trees grow as fast as they do in Gabon

Haggis
Calm down and think rationally
I am not interested in CWR
I am interested in AFC
Like I have said
My number are not picked from thin air
They come from analysing the financial statements which are provided by AFC
If you have a specific question on where they come from I would be happy to help
Mixing emotions and investments seldom ends well haggis - be careful

Just as a loose comparison
There is acompany I invested in called woodbois group
They are into sustainable forrestry & carbon credits etc
They are trading at 1.1p a share
Their net tangible asset value per share is 9p
But they are loss making etc so its a growth story
One where you can buy under the value of the net assets
With AFC the net assets per share equate to 8p and current price is over 20p

Trust me when I say only one thing underpins a shareprice and it is sales or more accurately free cashflow
It's all hype hope and potential here and that is valued at anything investors decide
Could and has been multiples of this price
Could easily be half this price
Good luck

Haggis
If what you have said is correct
Then ITM would still be a multi-billion pound company
I understand there is value to IP but
A business needs to be underpinned by strong or at least significantly improving financials
Let's say the 600k revenue AFC did in 2021 as increased by 1,000% to £6m
Then AFC would be on a price to sales ratio of 25 !!
It just doesn't stack up mate sorry to brake it to you but no serious investor is buying at this price
There will be a lot bought in the hope hype potential story and I get that but they'll need patience of a saint to get a return
These people were buying at multiples of this price thinking its a bargain all based on hope hype potential
Reality hits hard trust me
I learned that at ITM
With millions spend developing the ammonia cracker the cash pile is dwindling so sales growth needs to really seriously ramp up 1000% + for this to start gaining proper traction
are we there yet?
I dont think so
I think its more like 2027/8 will be the turnaround years for this stock
Just my opinion - happy to hear logical arguments why people disagree or have other views
Thats what these boreds are for right?

Listened to Adams last couple of interviews and the acciona promotion on youtube from January and have to say it is quite exciting the potential of this technology
I can definitely see the companys USP and it being quite profitable in the future

I cannot get past the current valuation though
Yes of course IP etc... all has a value
But how much are we assigning here
Current net assets are worth about 8p a share
So there's 13p built in or approximately £100m of goodwill from shareholders?
is that right?
Because the company remains loss-making at about £11m pa
On 2021 revenues of 500k they will need to increase more than 20-fold to breakeven without increasing costs - unlikely
More like the company will need to increase revenues 30x once you factor in increasing costs and that will be to breakeven only
These ammonia crackers are wonderful but not expected to be commercially available until 2025, which in reality will be more like 2026 and then they've got to start selling them so potentially if they hit the ground running and line up contracts it'll be 2027 at the earliest before they're sold in any kind of volume to make a difference
What will the cash pile look like at that point?

I do really like the tech and the market and am all for creating a cleaner world etc.. etc..
But the fundamental investment case just doesn't stack up at the current valuation
Honestly I think hype has swept a lot of people up here
Price needs to come down to approximately 12p a share to make it an attractive growth story.

I continue to watch and will be doing much more research into this company as I do like it but it's not a buy right now i'm afraid and I think it will get cheaper over the short to medium term.
GL all

https://twitter.com/DoomGuy28450892/status/1639007090898337792?s=20

Massive trades yesterday and it aint retail.
We know who is selling & we know they are either out or on fumes now
Do we know who is mopping up yet?
All to be revealed
Very excited about this one

Calm down Haggis
The fact your emotional about what I believe are reasonable questions any serious investor would ask tells me all I need to know
I'll keep watching for now as like the companys long term prospects
But its uninvestible right now
Net tangible asset per share of 8p
ROA & ROE both declining
Total comprehensive losses doubled from 2020 to 2021

The only positive i see right now is a big pile of cash so no funding required for a long while yet
But company need to start showing serious revenue growth of 10x or more to support current valuation and then for it to go higher
Good luck all but not for me right now

ReoninV Thank you
I also think this company has MASSIVE potential
I don't deny that whatsoever
Hence why I am interested and going to lengths of reading the annual accounts etc

Ultimately if a company is grossly overvalued and that may or may not be the case here
Then new investors aren't going to make any money
Its like buying say apple at 59 trillion
You just wouldn't
Even though it's a quality company
I am not trying to get in cheap
I will pay a fair price but what is that fair price
From current finances I just can't tell
And it seems people are buying in out of hope and hype and sorry but I learned that lesson with ITM
Why are AFC playing cards close to there chest
If they were selling in droves then they should be RNSing material news
If that's not come then there is none

Thats how it looks to me with a fresh pair of eyes