Member Info for moorhey

SkipJackTuna: this is what I posted on this BRH thread on 29Apr2021 (just before I sold out my stake and moved it into the company supplying the NHS with their covid-19 tests):

"the market has moved a long way since 1st March, that's what I'm trying to say.
What is the current testing policy in the UK? Any idea? Do you watch the news at all?
Every adult in the UK, every adult - that's about 50 million people - is entitled to TWO (2) FREE TESTS a week in the UK. These free tests started on 9th April, so (fair enough) I accept that on the 1st March nobody (except those in government) knew what was being planned.
So right now, some company, somewhere, is supplying the NHS will upto 100 million tests a week - this is happening right now, today (that company is Oxford Nanopore).
These free tests have been approved and are in the system, absolutely no doubt about that, none whatsoever.
If you are sat at home, does it matter a jot if the free test provided by the NHS gives you a result in 20mins or 10mins?
I think not.
The BRH test has no longer an NHS use option - that's gone, the bird has flown on that one.
The only option left is commercial use, and that market is limited.
We're talking flights, cruises, indoor stadia (sports events and theatre etc), conferences.
Compared to the free test market now dominated by the NHS (100 million tests a week), the UK commercial use market is probably less than a million tests a week, maybe a lot less."

LONDON (Reuters) -The initial public offering for Oxford Nanopore, a provider of rapid COVID-19 tests to Britain's national health services, will have an indicative price of 375 to 450 pence per share, a bookrunner said on Thursday.

The offer will total 523 million pounds ($713.16 million) to 547 million pounds, giving the life sciences company an implied market capitalisation of 3 billion to 3.5 billion pounds , the bookrunner said.

danrh: it's at times like this that you come to realise that the majority of the market making transactions are undertaken by computers working on algorithms and the like (I'm no IT geek, but I realise that few humans are involved). This is were individual traders have the edge. Perhaps it isn't people selling, it's computer programmes. I was involved with Paysafe a few years back, and one ordinary lunchtime the SP dropped 60% and then recovered in under an hour - I managed to buy 1000 shares at 40% under that days closing price - and there was absolutely no reasonable explanation.

I agree with you PYUECK: it's disappointing that a good interim report is accompanied by a 5% fall in SP but, as I'm not one of the sellers and I'm most unlikely to sell any shares in the next 12 months, I'm not particularly bothered about the recent dip as the results are positive and profits are being declared - which can't be bad for an IT company.

Great results posted today:
Strong H1 revenue growth (+37.6% to €238.7m), despite some continued COVID-19 related operational constraints
· Organic Revenue up 22.9% (H1 2020: 8.0%, FY 2020: 11.7%) with all service lines performing well against the comparative period, when a number were held back by COVID-19 constraints
· Growth driven by robust demand, supported by a buoyant video games market focused on a return to developing new content following production delays and disruption in 2020
· Some ongoing operational disruption as a result of local COVID-19 measures, but the Group continues to operate flexibly across all service lines to deliver market-leading service to clients

Continued growth in profitability and cash generation driving strong balance sheet and liquidity
· Adjusted EBITDA up 64.6% to €50.7m, with margin up 3.4% pts to 21.2% (H1 2020: 17.8%)
· Strong cash conversion with Adjusted Free Cash Flow6 of €37.7m (H1 2020: €10.9m) and an Adjusted Cash Conversion rate of 94.9% (H1 2020: 50.2%)
· Net cash of €84.1m (H1 2020: €101.0m, FY 2020: €102.9m), after €44.7m net cash spend on acquisitions in H1, and a €100m undrawn Revolving Credit Facility

Resumed progressive dividend policy
· Interim dividend of 0.70p per share declared representing an increase of 20.7% on the 2019 interim dividend (H1 2020: 0.00p, H1 2019: 0.58p)

@Culley01: I'm a long term holder, and (back on 22nd March 2018) I posted on this forum that "(KWS) is one my "band of 5" companies which could potentially be in the FTSE100 in 5 years time" and right now I still think KWS will be in the FTSE100 by March 2023. That would require an SP of 6500+

Almost 10% gain in 10-days from 3012 to 3290

What a dipstick!
I only put the decimal point in the wrong place, its 0.48p per share not 48p!!!
"There's already a special dividend of 48p being paid on 27th September"

My guess @Millikino is that there will be another special dividend issued.
I'm not sure of my maths - maybe someone else can verify.
If ONT has an IPO of £2.48bn and IPGroup own 15% ; their share is worth £375m and with a billion shares in IPGroup, that's approx 37p per share.
There's already a special dividend of 48p being paid on 27th September, so I'd expect a drop in the SP after that (in normal circumstances) to about 100p; but this news is probably why the SP is holding-up and still going up.
Of course, I could be completely wrong, so DYOR.

Well done!
I thought the IPO would be much later in the year.
Based on your confidence I doubled my holding on 17th August - I owe you a pint @danrh

Onwards and upwards

Always good news to see the SP going up.
I didn't think I was being dismissive - there's plenty of hot-air speculators on these boards - all I wanted to see was some meat on the bones and a line-in-the-sand to measure against.
As you wrote: "I'm just a random stranger to you, and don't expect anyone to trust my opinion".

What is your timescale danrh? And what is your predicted SP?
Reading your post on 21July21, if July is the very last opportunity to buy at these levels (110-120) that would suggest you are expecting a significant upswing in the SP in Aug-Sept.
So what are you reasonable anticipating - an SP of 145+ on 1st October?
It's difficult to acknowledge if you are right, if we don't know what your parameters are.

The voice of sense from Monty888

Only 3% below the ATH now

Back of the net!

I've been a holder of HGT for years and it's been a stalwart performer. What I like is it has a small portfolio, and puts its money down.

Good rebound, and now only 6% below ATH

10% in 6-weeks, not too shabby!

Bigtosh: I pretty-much agree with you there. It's not just the stockmarkets that are heavily influenced and manipulated trading applications on laptops - I used to be a player on the exchanges on the "in-running" markets, but they are impossible to play now as they are totally dominated by computer programmes working on automatic instructions based on flow of money. They can go wrong - that's why at any horseracing meeting there are about half-a-dozen drones relaying pics in real-time to punters off-course - but you have to be lightning quick to take advantage.
I'm wondering is some of the market move was due to the plunge in value of Bitcoin: there's no direct link, it's just in the field.