The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
So Amigo want to lend out £35mill of their own money (at circa 30%-40% interest) before the capital raise......which equates to a gross income of £10mill in interest on that £35mill, before the capital raise which is interesting.
Secondly - the guarantor doesn't want to borrow any money - they are simply standing behind the loanee. It should be a good system (because the guarantor will have made a judgement call on the loanee prior to agreeing to stand as guarantor........one hopes. If nothing else they will have made a decision as to the trust-worthiness of the loanee......one seriously hopes).
If you can't borrow from the banks then sometimes this is the only way?
Fair enough RSI - as I say I'm not in the market or a financial guru - just a fella that's being following INL (and heavily invested, up until two weeks ago). I might have got it massively wrong and should not have sold. It'll be interesting to see which way this goes today and into next week.
Someone put in a massive 197,000 sale yesterday, close to the bell, selling into those chunky sales that came in right at the death. That was at 38p......and I can see it going lower again today. I'm waiting to get a feel for where the floor is before reinvesting. I've been in and out of INL for 10 years. I originally bought at 23p way back when.....and it doesn't feel out of the realms of possibility that it'll get down to that level and I'll end up buying it all over again at the same price. Oh, the irony! It just feels like someone is going to come in and offer on the company for a total of 50p....and I'd rather not miss out on that slight uplift in value (from 38p say). I'm not in the financial markets, have no idea....just expanding on my thoughts.
There seems to be much downward pressure at the moment on INL's share price, despite the buy-back programme. Just my take on things - will we see 39p? And if we do - does it make INL attractive-enough to consider going back in.....or is there further to fall? I've 33p as a figure.......but I don't have any robust research that merits that - just a gut feel as to where things might end up.
The CMC news will definitely have an affect on Plus's share price today (and over the next week I'm guessing).
It pains me to say it but I sold out of INL yesterday. I think there's someone consistently selling (and INL are soaking those shares up for the most part).....if the buy back ceases.....the share price drops. I can see INL going under the 40p level....I'll buy back in at that level. I know it's a risk being out of the share whilst there's so much M&A going on .....but I think the debt that INL have is holding interest back. I might be (massively!) wrong however. It'll be interesting to see what the market update brings. IMO it'll be same old, same old (concentrating on the debt, working the planning, trying to manage the build contracts they have).
The general volatility across all markets - it's got to be good for Plus right?
I'm in the game sain (I buy development sites) and it's a blood bath out there. Planning is taking literally forever.....material costs are taking the **** (and rising each month), labour is going through the roof, if you can ever get them.....it's a total shambles......BUT sales, particularly of new build homes are seeing massive interest - because they're energy efficient if you read the headlines but also because they are usually really well designed internally (particularly the houses) and INL have some great housing sites. The Staines site is all apartments I think - there's still a mkt for them but housing sites are seeing a premium imo.
Is that a slightly brutal RNS? He's been with the company since 2016 (I think), Board member etc etc.....Gets one line and no thanks? Almost as if there's something they're not saying, behind the announcement? Or is that me reading far too much into an RNS. The two land sales RNS - lots of words.....actual factual content lite imo.......should have followed Strictly Brick's advice and sold.....
And the spread has significantly tightened too.....could we see this hit a mighty 60p??!
Thanks both - wasn't sure how long positions (other than shares) were detailed on RNS's. :)
Am I reading today's RS correctly? That Odey have increased their exposure to financial instruments (shorting?) than a straight investment in the shares?
(for my part - I'm expecting Q1 - with all the turmoil - to have been positive for Plus)
Is this one of the Inland Homes (energiser) directors selling out or someone else? Anyone know? Despite the selling, price seems to be steady at .485
Really positive RNS and update. Here's hoping KCR continues to do well - can only be good news for the Drumz investment (unless they've been quietly selling down their investment?)
I'm already in Drumz (the old Energiser plc company) so through Drumz I've got a hell of an exposure to KCR. So this is definitely good news. I'm not buying into KCR direct though. Haven't got the appetite for more exposure here. :) But yes - here's hoping for 30p. It's interesting to see they've got £2m+ in cash and a larger RCF - I'm surprised they've not bought more buildings tbh. (or perhaps they've tried - but it's a v competitive mkt out there at the moment).
Bought into Lookers about 4 months ago - for the long term property play. Interested to hear people's thoughts on the actual car business side of things. I get the feeling it's going well - simply from looking at how prices have gone north but does that translate into profit (you're having to buy in this market, the 2nd hand stuff I mean)?
Is that you buying Phenom?
Phenomenonnick; it was more an update on how things are going at Acuity than anything else - it's not that I want the income from it or anything (like you I'd rather see it re-invested). I'd just like to know how it's going. THat's my one area/the rationale, if you will, for keeping my investment in Drumz. The KCR thing - we're just bit part players in that (thought Drumz legacy investment, now that Torchlight are all in, as it were). I'm just hoping that rents have risen, costs are under control and that perhaps they've sought some air-rights planning - helps increase the portfolio's valuation). I know factually that they were trying to explore air-rights (under a 'project osprey' banner, where they'd put together 5 of the portfolio - I think- as having planning potential for air-rights). It's a great way to sweat an income asset etc etc.
But it's Acuity that, for me, has the angles for growth. Unless that's a dog too. But I can't believe it is; bearing in mind that the sales guys should be all over the messages we're seeing in the paper's about the Russian hacking threat. It should be pushing against an open door, selling the service (I mean). I just sincerely hope income and profit is growing there.
But any income from the Acuity investment will be mentioned in the update perhaps? (as an aside/update) to the interim report. Hope so. On KCR - I'm hoping there will be progress there (and at some point perhaps the share price might rise at KCR too).
Here's praying anyway.
IMO - they've bought that business for it's operating licence and that alone. All the IP, the personnel, and any other other assets are superfluous. PLUS will simply leverage their own platform and marketing expertise into the Japanese market.