Member Info for oogleflugal

Glad to see NT sees it as an ISA long termer now even at this price. Seemed a bit tentative initially.

I don't think they handled the whole Jani episode particularly well. Very reluctant to talk about it. Questions that they couldn't or wouldn't comment on in their presentation. Just a rush to buy 12 million share for 80 p at 40% discount to where they had previously been trading. No wonder the market thinks ok they are only worth 80p according to management. The shares initially rose after the announcement that Jani had resigned and them went into free fall when he started selling.
The dividend is 3.3%. with revenues a bit less than half of AFXO who have about .04% div yield , not that they pay one and a PE of 37 compare to 9. Peg ratio 2 compared to .3. Earnings growth for Afxo 27 compared to 37 for AGFX. Lots of talk about the gap closing between the two companies in terms of trade. Afx had a 2 year start on AGfx. They have only made small inroads into this market which is still mostly handled by banks. So plenty of room to get more share for both companies.
They have impressive backers. I think this sp fiasco says most about greed and poor investor relations.

Darien. This looks to me lie a typical daily pain scare monger journalism so typical of poor journalism which is why so few people buy these trashy newspapers. I don't refute the research in the slightest the more we learn about the reaction of our diet with our health the better. The headline is "everyday food item potentially causes 90% of cancer I patients." That is a total disgrace , utter nonsense and not even what the research suggests. It isn't the cause of cancer, it suggests it helps feed the cancer in studies done on mice! That is one mighty leap for the poor hapless hack to make to being the cause of 90% of cancer. Not even a schoolboy error, just plain dumb.
There are many such substances in mass produced food that are no doubt are unhealthy for cancer patients.
In no way am I defending fatty acids. They quite rightly get the press it deserves. However Palm oil is high in vitamin E which is very good for the immune system. There are also many food products that declare themselves palm oil free. That is for a whole host of different reasons including the harm deforestation can do in the rush to grow all kinds of crops.
There are many different oils on the market for cooking that all have dubious side effects when used at different temperatures as well as possible problems with the plastic containers and bottles they are stored in. I think a lot more evidence and research is needed before journalists can make infantile headlines like that. Well spotted not in any way criticising you for posting but these journalists need to their place :the gutter.

TD. Fair points. Perhaps I was a bit over optimistic on the results. Its a difficult market so a little profit taking naturally this morning (not by me)
The two things that stand out for me are their intention or ambition to move onto the main market and the potential of building more units on sites they already own. I don't think another fundraise is out of the question but having been around for he last one , I don't see that as a negative. They are not the sort of company that sits around collecting rent, so I feel they have a real ability to grow much further.

Think you had your answer today. Stonking set of results. Net tangibles £1.52 per share. Portfolio up 9.4% since March. Only down side is the main index beckons. I suppose that makes them more attractive to the big investors and clearly they have a lot of ambition for major growth. Must be a decent rerate on the cards.

No problem Banbury. I think you misunderstood. I don't believe I said the ships secured the bonds. You are simply making stuff up to prove your number of likes. Congratulations. The ships are an asset and worth more than the loans. I quite understand how mortgages work I was just trying to point out that Saga is far from the basket case some of the market try and make out. Its a very sound business with perfectly capable of managing the current debts and loans. Of course if a business goes bust there is seldom any money left for shareholders. I don't believe we are anywhere near that situation. I'm certainly not saying it couldn't happen any business has levels of risk attached. Just carry on scoring your likes and all will be well

Ship loans - the 2 cruise ships are owned, and in the books at £635m asset (no impairment requirement was needed in the review). Sure thy have 515 loan on them but they are an asset and they own them. Why do people think Saga don't own their own ships?

Forever. There is always an inherent danger in jumping into stock which looks cheap. Sometimes its just a sell off, profit taking. Un fortunately in this case it was a profit warning. Their cash pils has dropped £20 million in a year, which is quite alarming in a red hot housing market. Trouble is there are a lot of agents chasing very little housing stock available for sale. Was there some kind of money back guarantee if no sale. A sound idea but not in this market. Interest rates are going to rise. End of stamp duty relief and as already mentioned short supply of housing stock. I notice property stocks are cooling off possibly because there aren't enough materials to build with and the costs literally going through the roof on labour and materials both of which are in short supply. Add to that possible litigation to defend, which they need to come clean on and the only thing left is its cheap. Not a great reason to buy IMO. Might get bought out but need more clarity on liabilities

Only other bear point I would make is debt is quite substantial. They have been paying it down gradually but in their current cycle of growth look quite comfortable with it. Certainly has the ability for quick bounce back after any drop

Stripes. A course of treatment from new drug is about £500 and only likely to be used as last resort. There has been much talk about oral vaccinations in which N4p are also involved. Whatever the medications become available are likely to be too expensive in the foreseeable. Scientific evidence is that vaccination is the most effective/cost efficient control of this pandemic and is likely to be the case for the rest of our natural! GL

They invested around 13 million dollars /euros in 3 companies since end of September when cash balance was £55 million.
In January when the sp was around 12p, nav was about 5.5p per share. today at 30p the nav is 12.99p per share. That is quite some narrowing. Nav increasing over 10% in 2 quarters since raise. with IPOs to follow maybe as early as next year.

Its the rate of increase in nav value I find impressive. About 80% higher than it was at the beginning of the year . I suppose the cash raise effects it slightly but not that much. Every, looks another great addition, a golden egg.

Hopefully it won't be like extracting blood from a stone. They have some explaining to do

https://inspiredenergy.co.uk/cop26/
Inspired are holding a webinar on November 12th at 14.00 about what will be expected of companies to help meet resolutions of COP26.
Is this market finally getting to grips with what INSE actually do?

Bat, well pointed out the beauty of undervalued shares. The cash injection itself was worth about £1 per share, which was used to pay off a big chunk of debt now down to near £200 million with 175 million cash balance. They are currently on a PE of less than 6. Quite a lot of risk factor built into current Sp. Market sentiment is very low with much talk os market correction what with supply chain issue, chip shortage, potential interest rate rise and of course energy price rises. If you have time on your side and a fair dollop of patience this is looking very cheap. It could get cheaper, but on any kind of rational thinking value will out in time.

Probably the sensible thing to do 2phevs. Cant deny this is disappointing. "traditional quieter first half". Not very funny Mr Higgins. Not sure how they arrived at 19% higher ebitda and continued growth. They have good products and a good team. Just maybe companies are willing to cut corners at take risks on not buying cybersecurity. Must be many more than one university in need of protecting data. It still has value at his price but lets hope for "a traditionally 'stronger second half!

Dont know if we have seen the bottom yet but with the security of countries at stake I would think some priority has to be given to companies like this when the chips are down . With no actual news on trading the 'record order book still stands and there should be some cost savings from the close of Indian arm and therefore feel this sp is somewhat ludicrous now. Growth maybe flat but hopefully the dividend is safe for now

Hard to work out whether the 80p buyout of ex co-director/founder is the reason for the fall. Questions remain about this whole debacle as they have been less than forthright with the market and seem to have a total disregard for shareholders. Interestingly the complete opposite was the case with AFXO when they hit a problem when their largest client couldn't repay a 30 million transaction. The issue was swiftly resolved with a placing to strengthen the balance sheet and a long term organisation of the repayment of the debt. All Agfx have given us is Jani got ill with COVID , so he decides to sell his entire 12 million holding (is that an action of rationality by an experienced businessman really?) and they don't expect any downturn in the economy to hurt their business. Something isn't right . So what else is it I wonder?

Foxtons estate agents report strong trading in London and interestingly a strong recovery in mortgage broking. We are obviously still well under the radar but very similar in that respect to CNIC (I also hold) who are also under steward ship from Kestral holdings. We may not have the growth yet but no debt which is even more important in current climate. Also we have very high institutional holdings. Think we will see a similar rise in time.

Pretty decent trading. passed 60,000 contracts completed.Hopefully that will be considerably increase next year but a good start. Half the market cap is cash now and although making a slightly lower than expected loss revenue actually up 45% on last year. Still seeing a buoyant market and lots of remortgages. Excepting there is a skill and staff shortage they have still managed to engage high calibre staff. I can see why Oli has been stashing away shares like no tomorrow, whether the market gets it yet is another matter. This modernising an essential service and they seem to be well o course.