Member Info for Pedrobull

Citywire article 2nd Nov

"Yesterday, chief executive and chair Ron Zwanziger, chief technology officer and director David Scott, and chief scientist and director Jerry McAleer handed in their resignations, effective immediately, according to a stock exchange announcement."

And

"LumiraDX has outstanding debts of $350m and an equity valuation of just $26m. Having faced liquidity issues for several months, the company had to amend its $173m loan with BPCR for the 15th time yesterday."

Looks to me that BPCR are not getting paid more than a few cents per dollar on this capital

No online trade at HL by telephone only as this is listed in USD paid £50 charges to get in at 98cents though.

Ian Cowie from II

"From the macro to the micro, overseas and close to home, it all seems to be going wrong for the marine-leasing specialist Tufton Oceanic Assets Ord. Now here’s the funny thing: I recently bought more shares in SHIP and, even though these are already “underwater”, I remain more inclined to buy than sell."

https://www.ii.co.uk/analysis-commentary/ian-cowie-hat-trick-misfortunes-im-holding-my-nerve-ii529893

Bumped +36% today on huge volume 74mil to 13.5c no news I can see

Fallen back again to 79p, debt servicing must be the main issue here

Can only be hold for now I reckon,

disappointing dividend 1p

hopefully bottomed though.

15/11/23 - Net Asset Value (pence): 187.56 with shares at 157.5p that's now a 16% discount

Re-rating with CPI drop now 3670p a long way to go though i reckon

I like that.

Minister of mining talking about an 18 year lifespan extendable to 50 to 100 years!

"27Bn shares in issue means the 9c dividend costs 2.4Bn EUR

Free cash flow is at least 3.3Bn EUR"

Cut the dividend in half to 5% gives almost 2.2Bn EUR spare, to reinvest and pay down debt?

Anyone else on the live Investor Meet just now?

Interesting graph on how successful Franco Nevada have been in the gold market.

TRR focus is different in that they are focussing on diversified royalties; Precious, Industrial and the "green" battery markets.

60% of the NAV is in Tier1 jurisdictions Canada, USA & Australia so low risk.

41% Lithium

32% Gold

19% Copper

6% Silver

2% Iron ore

Yes I'm a buyer here, hopefully overhang removed

Yielding 5.1% at this price it's a no brainer for me, buy and hold

You must be on the payroll

I agree with KR1 and wouldn't recommend any single crypto miner stock.

A good way to get miner and crypto exposure could be the Vaneck ETF Digital Assets (DAGB)

10 largest holdings

Security Weight

APPLIED DIGITAL CORP 11.28%

MARATHON DIGITAL HLDGS INC 8.74%

BIT DIGITAL INC 6.96%

RIOT PLATFORMS INC 6.88%

MICROSTRATEGY INCORPORATED 6.37%

NORTHERN DATA AG 5.90%

TERAWULF INC 5.73%

CLEANSPARK INC 4.77%

HUT 8 MINING CORP 4.69%

BLOCK 4.37%

Here is the explanation for Barclays cut

https://uk.investing.com/news/stock-market-news/dr-martens-slumps-on-barclays-downgrade-3235184

Sharecast - The bank said that having stuck to its ‘overweight’ rating through several profit warnings, it is now downgrading due to weak Google (NASDAQ:GOOGL) trends/Similarweb data and a big second-half weighting, given macro risk.

It also pointed to increased capital intensity via store growth, pressuring EBIT margin/return on capital employed, and greater conviction elsewhere in its coverage, given the wider de-rating of consumer stocks.

I don't having been suckered a long time ag when it was called Loyalward.

I only follow for curiosity and amazement that this is still going.

Note to self, register a new company with a few directors and a dubious yet believable claim on barren piece of land with monumentally difficult legislation to overcome for planning, then sit back and watch the sunset spending other peoples money.

Is this at risk of government interference/nationalisation i wonder?

Is the last info we have on debt from the interim results?

£1660m is Everest sized considering market cap now £360m!

Deleveraging

At 31 December 2022 net debt was £1,728m, with leverage of 5.6x. We are already making good progress with our deleveraging plan, with leverage having reduced to 5.1x as at the end of June. This is driven by a combination of £13m growth in pro forma Adjusted EBITDA, together with a £68m reduction in net debt, to £1,660m at 30 June 2023. The reduction in net debt is primarily driven by favourable foreign exchange rate movements on the debt principle, but H1-23 also saw the Group generate £11m cash inflow (excluding customer balances) despite £23m of exceptional costs paid out in the Period.

The out of hours TR1 Friday was Aviva PLC reducing there holding from 10.7% to 10.52%

Not sure why an insurance business would have such a large stake in this but surely never going to buy it out!

Another tech firm might though