Member Info for NormaStits

Agree they have to roughly tally. My point was more that this is not a widely traded security where price anomalies between trading venues close immediately.

Today is a new trading day so no it shouldn't. It will trade where it should based on news, trade volume etc. I3 is hardly subject to global arbitrage trading. Maybe the TO price will drop to match the LO trading price, not the other way round. Chicken - egg - chicken...? (I am an I3E holder so interests are aligned.)

Has been a top 10 holding Polar's UK Value Fund. Perhaps they have realised sufficient value for their purposes and are taking profits. Not sure they have sold down to zero and not exactly the first and only holder to take some profits. Nothing to do with yachts etc.

….because it is an operating company not a commodity. Correlation to the gas price is not 1.0 every single day. If sellers > buyers on a day, the price may give a little and vice-versa.

Your insight is priceless SmithySam. Thanks for sharing.

Was too easy for me as I’m in US for a couple of days so was already on Eastern time….thankfully you’re very sharp on all the other SQZ stuff ??

7pm…?

Isn’t it the value that you have rather than the nominal number of shares that really matters? I’m waiting for the dust to settle, unless there are price dips to add. That’s not to play the maths, it’s to acquire a bigger economic exposure to AV.

I honestly don’t know, but for me it’s important not to fixate on the commodity price as it is in constant flux and the actual price that SQZ receives is probably not the one you see flashing on the screen. Price trending higher is obviously a good thing (hedges aside) but when the price gaps up and down intra-day is, to my mind, just noise. If you want to ‘invest’ in an energy company, then a trader’s mindset towards the commodity price is a distraction. Of course, one can ‘trade’ the company’s stock, but that is a pretty blunt method that can work but might not. I suspect it works more by luck than judgment. Just my approach…

What about the gas price? These correlations are not entirely linear in nature. Trade the commodity if you just want to move in line with it. This is a living, breathing operating company that will be valued according to so many other factors than the underlying commodity price to which it is exposed.

Flabby - look at the UK Natural Gas price, off 22% today. Close correlation in the current market.

a slug of the Schroders cash comes to you as a RIV shareholder. Will take a few weeks and be about GBP2.20 per share. You then get a few shares in AssetCo in return for RIV shares and join in Martin's acquisition trail. Or you can sell them in open market.

That’s the question we are all asking. My first proper sell review will come at £3. That would be 10x. Depends on momentum. Can see that price coming sooner rather than later, so may or may not act at that point…

Interactive Investor will also be private investor holdings.

Global pro-risk appetite is taking a pause for very understandable reasons. A lot of noise around and markets have had a good run. Financials are a high beta play so pullback inevitable.

...and the share price falls as the froth fades...

Out of interest, which members of the Board do you regard as "top management"? The 3 day rise is due to Assetco buying a stake off Punter Southall and a bit of post-Gilbert news froth. Fundamentals are no different from a month ago?

We’re in the midst of a big risk-off episode. Few speculative investments hold up in such times. BPC is one of these. It will react to newsflow of an operational nature when that is forthcoming.

Being £100m market cap doesn’t suddenly unlock institutional investors....they invest on return prospects. This is a highly speculative investment and will not have widespread appeal to institutional investors. Of course, some fund managers will hold small positions in speculative stocks. There is also a wave of pressure on institutional investors to shun carbon related investments as part of the ESG wave sweeping the investment sector. However, plenty of cash from other sources to underpin the share price of the story unfolds positively.

It will be the Templeton Foundation...