Member Info for Monkshood

In the blurb released with the open offer they are now targeting a total return of base rate + 6-8% (so, currently 10-12% as opposed to 6-9% previously) , this is more inline with what we have been getting.

Hopefully with the higher rate being a stated target they may be tempted to spread the payments out a little more evenly?

They are also looking to expand the target jurisdictions into Australia and the US.

Report on Bloomberg that they are final going to be allowed to remove the production cap of 38/month on the 737's.

Expected to be 42, by this month then increasing up to 53 later next year.

Airbus A320neo production seems to be picking up after the problems at the start of the year.

Just need some new contracts now.

Violent protests in several cities in Morocco ?

I am registered with -

.GOV.​UK for: Energy Trends: UK weather

''Quarterly and monthly data on weather patterns, including temperature, heating degree days, wind speeds, sun hours and rainfall.''

Generally it corresponds reasonably to what UKW say. It is lagging so we will get the quarterly from UKW before the September update.

For a graphic -https://grid.iamkate.com/

If you want more than this-

https://bmrs.elexon.co.uk/wind-generation

August was exactly on the long term average. Septembers was surely above the 20 year average? Hopefully, it will have been enough to compensate for July's 10% below.

Will we finally end up with a quarter where there is no 'income down to below average wind speeds'!

There has been a lot of share dilution since it was 20p so rather disingenuous to imply it could bounce back to that.

Probably around 5p would give a comparablish MCap to the time when the shares were 40p (2022).

Not the lowest.

I purchased some at 13.93 -in March 2020.

That is a fair comment especially as over the next couple of years they have 20% more hectarage coming into production.

However, they do say -''Consumer demand for Chapel Down outpaced the broader English Sparkling Wine category, with Chapel Down sparkling wine sales growing by 12% compared to the category's 10% growth'' so it would seem that demand is still growing.

Good presentation on Investor Meets. yesterday.

It seems like the plan is to use the credit facilities and free cash flow to progressively build up the stocks of vintage sparking.

As long as the price increase from each extra year of vintage is greater than the debt payment then it seems a reasonable strategy and probably better than increasing volume. I guess that they have they option to flex the amounts as needed.

If they can build a profitable model with good stocks over the midterm then there will be always be opportunities to expand (by acquisitions? )further into the future.

One of AEI's larger holdings (£6M), 3.5%, as of August so the 30% sp increase in PHLL will be helpful to the nav.

Totally agree.

New chair seems to be focussed on consolidation and profit rather than expansion which will make a nice change.

The new chair even got a mention on Bloomberg live stream.

''Even though it may be a bit early in the day to think about wine, UK producer Chapel Down (which is listed on AIM) has confirmed that British finance billionaire Michael Spencer will be its next chair of the board.

Spencer has a stake in Chapel Down via his personal investment firm, known as ''

New winery scrapped. They will use contract wineries for their still wines (probably the one adjacent to the site they wanted outside Canterbury?)

At least there will be no £30m raise needed now which should support the share price.

I wonder if those who objected to the Canterbury site will be happy, probably not once the plans for housing instead go in...

The buybacks are primarily for share options. This way they do not need to issue new shares and so dilute existing holders (including the CEO). They dressed it up to say it helps liquidity.

A couple of years ago they made comments about a weaker US performance being due to the lack of sale from their corporate stores linked to lower house starts. At the time I was surprised as I had thought it was all about 'leaks', but they do earn money from selling plumbing equipment. As housing starts have fallen even lower this quarter I can see this having a negative impact.

The company need to do more (even once a year would be nice!) presentations so that investors have a clear idea of the business.

Coverage by brokers still not resumed but getting closer. Interesting to look back at what they said in the past.

In March 2022, after announcing the £100m contract with OEM8, the share price was 40p (share dilution since), the MCap was £80m and Zeus had a DCF based valuation target of 110p which would have given an MCap around £200m.

Full year is now around the 2023 revenue target, but PBT is not!

Trig was down even more yesterday so hard to pin it on the management.

Aside from the not too great TU's from both companies, probability of higher for longer gilts and the push to SMR's an interesting update from BofA may also give a hint as to the recent falls.

''In BofA’s latest fund manager survey, equity allocations to the UK hit a net 20% underweight, compared to 2% the month before and the biggest shift away from UK stocks since 2004, Michael Msika reports.'' (Bloomberg)

Most of the 'alternatives' are down today, assumedly 'higher for longer' gilt prices.

Renewables are, however, the worse hit, so I am guessing the further push for SMR's announced today may be viewed to weigh on the longer term power prices. Whether the reality bears this out is another matter. I would think that Orsted's $9.4b rights offer at a 67% discount doesn't help the sector either.

Shame as it is a nice bright windy day!

Share buybacks are for their share options - not for cancelling.

Watr own just over 4% of seeen . Seeen had been suspended due to issues with its audit since July 1st, it was reinstated today following publication of its accounts (with no major revisions to the cashflow). The share price has increased today, the just under 6m shares watr own, are now worth around £250k.

I am surprised that there are not more posts!

No major issue from the audit. Probably had more scrutiny of the accounts than many aim companies now.