The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
"Confirmed Speakers & Chairs include:" Kieran Rooney, VP, Strategic Alliances & Licensing, Amryt Pharma plc
Amryt will be there, "the leading international stage for those interested in investing and partnering in the biotech and life science industry.", it looks well attended by all the right people. http://www.sachsforum.com/17bef-about.html http://www.sachsforum.com/17bef-presenters.html
CUSTOMERS’ enduring desire for a good deal means an energy consultancy remains well placed to grow in a “buoyant” market, bosses have told The Northern Echo. Utilitywise officials say the ground is fertile for development after clients’ efforts to trim tariffs pushed its order book 18 per cent higher. The bullish outlook came today (Monday, July 31) after management revealed they expect fullyear group revenues to be around £4.5m below previous expectations, highlighting what they described as “little hitches” to contracts outside their control, which have extended agreements beyond its July 31 cut-off point. Bosses also took the opportunity to announce the early introduction of a mandatory new accounting standard as of todmorrow (Tuesday, August 1). Scheduled to be implemented by August next year, Utilitywise says it has moved quickly to clarify revenue streams going forward. The North Tyneside company helps firms manage power and water bills, with its services including the Smart- Dash and Wiselife Connect software, known for helping customers view gas, power and water use and remotely control electrical devices, respectively. Under its accounting changes, the firm will now identify two strands of income streams in the same way, meaning revenue across the board will be recognised when a contract goes live, rather than when it is signed. Brendan Flattery, chief executive, told the Echo the company was set fair, saying its anticipated revenue dip was counterbalanced by the aforementioned issues surrounding some deals and its expectation of reporting higher gross order book additions in the year to July 31. He said: “The market remains buoyant and there are still lots of customers looking to switch to save themselves money and looking for us to support them. “This is a business where its order book is growing; there is 18 per cent growth in the order book. “We have taken the decision to adopt the new accounting standard, IFRS 15, as early as possible.” Mr Flattery also played down any significant impact of a previous announcement in June, wherein Utilitywise revealed it was repaying a supplier £7.6m following lower-than-expected usage levels. At the time, the company said the move was in response to a client discovering “apparent material levels of under-consumption in certain contracts”. Mr Flattery added: “It was a legacy issue and we identified it. “We have rebuilt that relationship and are working with the supplier.” http://www.thenorthernecho.co.uk/business/15443590._Watch_us_grow_____Energy_consultancy_Utilitywise_bullish_over_future_despite___4_5m_revenue_dip/
Apart from the history and issues there with DR showing clearly that a good geologist doesn't necessarily make a good CEO and the fears that the new owners would keep prices low to enable a cheap takeover of the rest of company. The things that I have been met with when suggesting this company to be featured on the usual podcasts, chart analysis blogs etc is being told that it would not generate much interest because free float is too small. That is the responses I have got, frustrating as they seem to think a small free float is a good thing when it comes to them ramping things on podcasts they have a position in themselves!
Perhaps it is in preparation for the move to a main market listing ;-)
Outlook for 2017 Gold production guidance for 2017 of 90,000 – 100,000 ounces at a cash cost of US$750 - US$800 per ounce and AISC of US$925 – US$975 per ounce of gold produced; Further reductions in the Company’s mining costs due to the establishment of an on-site explosives production facility and an increase in total material movement; Further reductions in the Company’s operating cost base due to on-going operational improvements and additional insourcing of New Liberty’s supply chain; Optimised life of mine (“LOM”) production schedule due H2 2017; and US$5 million near mine exploration programme set to commence in H2 2017.
https://www.brrmedia.co.uk/broadcasts/58d2b02cd56c8b683b77d75a/avesoro-resources-q4-results
See here - http://www.marketwatch.com/story/why-the-fed-interest-rate-hike-fueled-a-rally-in-gold-2017-03-15 Extract: "The sell the rumor, buy the news reaction in gold shouldn’t be a surprise, according to Lundin. “It happened in the first two rate increases, in December 2015 and December 2016, in the Fed’s long, slow march toward a supposedly normalized monetary policy.” “And it happened last week, when Fed Chair Janet Yellen all but confirmed that the FOMC would raise rates this week,” he said. “In all three instances, gold popped higher. The year-end rate increases in 2015 and 2016 also launched big, multi-month bull runs in gold, silver and mining stocks,” said Lundin." Also - https://www.ft.com/content/1c98a9b5-470b-3c6b-a310-d5e894b7d807
Still a daily chunky buy or 2 going through amongst the smaller trades, even if marked as sells. I topped up at little below 2.6 earlier and it got marked as a sell.
Now back up to 99% up, despite speeding ticket, very odd indeed.
BBC News - Vitamin D supplements 'advised for everyone' http://www.bbc.co.uk/news/health-36846894 Quantum Pharma RNS 19/04/2016 http://ir.euroinvestor.com/solutions/QuantumPharmaPlc/1930/newsArticle.aspx?storyid=13351296 …
Continues... “This is an exciting time for Quantum and the outlook for the group is positive,” Mr Scaife said. “It is important to me that I am leaving Quantum with a good foundation and strong platform in place from which the group can deliver its strategy. “I am confident that I am leaving the business well placed to deliver it’s potential. “As is usual in these circumstances, the Plc board will commence a formal search process to secure my replacement. I know the board will ensure that the new CEO is the right fit for continuing to progress what we are doing as a business. “We also have a fantastic management team in place who will ensure that continues.” Mr Clarke said: “Andrew has made a significant contribution to the Group during the past seven years and has been instrumental to the group’s growth and strategic direction, and to its admission to AIM in 2014. “On behalf of the board of directors of the company, I would like to thank Andrew for his contribution and wish him the best for his future career.” http://www.chroniclelive.co.uk/business/business-news/quantum-pharma-ceo-take-non-11605262
Quantum Pharma CEO to take on non-exec roles after stepping down for family reasons 17:06, 12 JUL 2016 By Robert Gibson Andrew Scaife has overseen major growth at the niche medicines company, which floated on AIM in December 2014 One of the major players in the North East’s pharmaceutical sector has announced he is to step down as CEO of Quantum Pharma. During his time with company - a leading provider of niche medicines and services to the healthcare sector - Andrew Scaife has overseen its flotation on the AIM, massive growth in headcount and turnover, and five acquisitions and strategic investments. But he said that it was the “right time” in which to focus on his family. He also intended to take on a series of non-executive roles, such as that which he already holds at the Newcastle-based Realsafe Technologies, the firm behind the RealRider motorcycle safety app. “My decision is entirely amicable and I have agreed to remain as Chief Executive Officer until such time as a new CEO appointment is confirmed and to facilitate a smooth handover,” he said. “Until then it is very much business as usual at Quantum.” He added that he had “thoroughly enjoyed” his seven-and-a-half years at the company and felt a “tremendous amount” had been achieved. Quantum Pharma laboratories “I am proud of how the business has grown and developed during that time,” he said. A Newcastle University graduate, Mr Scaife, formerly head of corporate finance at KPMG, joined Quantum in 2009 as finance director when the firm - now 440-strong, with three business strands across seven sites - employed just 130 from a single base. Following a £32.5m management buy out, he was responsible for creating a professional finance function appropriate for the new-look company. In October of that year, he took on the commercial director role, before moving into the CEO position in March 2010. Four years later, Mr Scaife led a significantly expanded Quantum through what was the region’s largest ever IPO on the Alternative Investment Market, as well as the largest float of that year in the pharmaceutical and biotechnology sector. Last year, the company reported record results, with sales of £70m and a 75% lift in pre-tax profits to £10m. It also made a number of key senior management appointments, including that of Chris Rigg as new chief financial officer. At Quantum’s AGM yesterday, chairman John Clarke said trading in the first half of the current financial year had been in line with expectations, with highlights including an extension to a major contract with AAH Pharmaceuticals and the launch of the Mucodis Dermal Spray, which helps minimise some side effects of cancer treatment. The business, Mr Clarke added, expected its final results to be second half weighted as it rolled out its product pipeline to market. “This is an exciting t
If he derisked then surely that means he sold enough to pull his capital out and left just the profit in? He says he sees this doing 9-12p, if that's so I do wonder why he would sell so much already at this price.
MMs on holiday? Tried for ages to get a small buy through, ended up calling broker due to issues and they had trouble too, could only manage to get a small amount and had to be on T2 basis.
They seem well connected (ahem) http://iotbusinessnews.com/2016/05/11/30112-oasis-smart-sim-airfi-partner-leverage-global-iot-opportunities/ http://www.businesswire.com/news/home/20160427006152/en/Spirent-Showcasing-Game-Changing-Ecosystem-IoT-World-Partners http://www.prweb.com/releases/2016/01/prweb13180204.htm
It was originally called "The Insight Exchange" https://www.research-live.com/article/news/sofa-so-good-for-insight-exchange-idea/id/3004780 After that they changed name https://www.research-live.com/article/news/insight-exchange-becomes-big-sofa/id/4010745 It does seem a little abstract, even once you know the reasoning behind it, mind you, abstract/unrelated to the business type names never harmed Apple, Blackberry, Virgin etc
Yes, maybe that was L&G increasing their holding, time will tell.
Agreed, almost anything is better than letting the old BOD continue their farce.