Member Info for Mr.Flibbles

Whoops I meant SAV, but these are all on my watchlist. I don't do FOMO so happy to simply observe.

Thank you AIMtoDeath. I don't tend to do much bottom-up analysis as I tend to invest in funds and HZM is my only direct holding to increase Nikel exposure from my fund PHI. Your IRR holding sounds interesting but I remember the risks in mining companies from the end of the last cycle, but while I won't invest in that one I will follow it.

Anyone know or know where I can find the answer to these queastions:

1. Is there just the one nickel price for both regular use and battery-grade, or is a premium applied to battery-grade?

2. Will there be a third nickel price for the nasty Tsingshan process (not used by HZM) that has the addition of sulfur and produces significant carbon emissions. This surely cannot be used by leading motoring manuafacturers.

Hi, I am looking to invest for a friend and wondered if anyone knew of any listed Trust or Fund holding Horizonte?

Very prudent as I am paying 205p for excess shares on top of my personal allocation. I do have a lot of other listed private equity I can use should my favourite fall under 200p, after I agree announcing what they will spending on. CHRY do need cash to participate in funding rounds of the existing portfolios and potential partners will be looking at what CHRY can give them going forward. I'll then have to reduce NBPE, HVPE, APAX , HGT that are mostly diversified especially as US tresuery bond yeilds climb to what I suspect will be 2.6% on the 10-year due to long term trend line that are currently erroding future earnings potentials of disruptors and then ultimately the IPO's

Steph what is your view on the rising 10-year treasury yield? This erodes forward earnings and the reason public disruptors are down. OK I wrong on Trustpilot because it had earnings, but Carzoo floating now at that valuation will have to be a disaster. They need to hold off a year.

These disruptors by their very nature could be easily disrupted themselves, and eventually it becomes a zero sums game. Scale is important and in hindsight they should have all IPO'ed in Q4 of last year.

Graphcore is the big one here, genuinely supiror.

Today a single £5m pound buy trade at 205p with two sells of £2m at £195p followed by smaller transactions.

I suspect this will be back at 205p next week.

I have to eat my words and walk away in shame...
https://www.bloomberg.com/news/articles/2021-03-23/trustpilot-ipo-raises-655-million-in-post-brexit-win-for-london

Agree we are on the same wavelength. The demand for Graphcore or Starling bank when they IPO will exceed the supply of shares by some margin. Keep this under your hat though. And if APAX shoots up I am selling it and buying more CHRY as I am both an investor and a trader.

Yeah good thinking Eddy, I was already in the process of selling down though I don't like to sell out completely of anything good. With the proceeds, I have bought some Apax Global Alpha, not listed private equity full of well-known gems like here, but one focused on earnings so an all rounder who have just completed a placing at 180p.

Re: Carzoo. Using disruptive technology is the future and Carzoo have got competition, but I do like them. To be fair to Draper Esprit (GROW) portfolio of companies are mostly cash generative on the "quality" end of VC while CHRY are more on the "growth" factor with higher P/E's. I think Steph over their realised this early on and has built himself a bit of a safety net.

Re: CHRY, as well valuations, fundamentally I do believe there will be more demand for shares in the companies held by Chrysalis. That why have more in CHRY than GROW.

I don't expect the shoot up higher than 205p either.

Regarding dilution, if you participate in full, it is only the costs that have a dilutive impact on shares. Surely?

Large trades like this is helpful. What you don't want to be in is a rise in share price driven my private investors with a FOMO complex. I suspect an institution is buying slightly above the reported UT. I'll buy any under the UT.

I am going to write a letter to Draper Esprit to see if they have voiced concerns to Trustpilot over the timing of the flotation. Technology will continue to do well according to all the sources I have gathered, but perhaps later in the year after inflation cools off.

There is a small risk in the Trustpilot floatation as money has recently slowed down into IPO's as I can see from the Renaissance IPO ETF https://www.google.com/finance/quote/IPO:NYSEARCA

Draper would be better holding off for a bit.

I presume the more we take up the open offer the more Starling Bank we will buy. This is the only way the public can buy share in this. I can not stress the importance of taking up at least the basic entitlement:

https://www.altfi.com/article/7676_starling-bank-fundraise-mcpike-reduces-stake-chrysalis-nav-jumps-6p

Not likely all shares sold be able to get back as the excess is subjected to be scaled back. Bit I do get your point that it could have been possible. I sold some HVPE and GROW to fund this..

I have taken up my basic entitlement for the very long run. Given where we know the NAV will most likely be.

While you all lost BlueBudgie, you gained me!

I am in the for the long run, and HZM is to accompany my holding in a mining fund by Blackrock. I have been investing for over 10 years and never made money in mining after buying European Nickel and a speculative copper explorer. I then left the mining sector. I am back in and in with Nickel too, but this time at the beginning (not end) of hopefully a new mining cycle and armed with far more macro knowledge that I had 10 years ago.