The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
Cheers for info. I noticed the volume /sp jump on fri and todays' volume is even higher above the daily average. Looks like people are expecting the improved online presence and recent trading to drive profits above the consensus.
Yes it does seem v overlooked. 50p/share being returned to shareholders on the 18/03/21 so that's a good start. I wonder if the semiconductor supply issues are affecting the SP tho having got rid of storage, you wouldn't have thought so that much...
March 5 (Reuters) - Equipment rental company Aggreko said on Friday it was recommending a 2.32 billion pound ($3.22 billion) buyout offer from private equity firms TDR Capital LLP and I Squared Capital.
The British company said the offer of 880 pence per share represents a premium of about 39% to its shares' closing price on Feb. 4, a day before the offer was first tabled.
Demand for Aggreko's rental power and loading equipment has dipped due to the coronavirus-driven cancellation of public events, halving the company's annual profit and wiping a quarter of its market value in 2020.
"The Aggreko board believes that the offer ... represents an attractive price in cash that fairly recognises Aggreko's future prospects," Chairman Ken Hanna said.
Under UK takeover rules, the consortium of TDR Capital and I Squared Capital had until March 5 to announce a definite offer for Glasgow, Scotland-based Aggreko.
The private equity firms made the offer for Aggreko, which has a contract to supply power equipment for Tokyo Olympic and Paralympic Games, under a newly formed firm called Albion Acquisitions.
Peel Hunt analysts said they do not foresee a competing or higher offer despite some recent speculation as TDR Capital has "a strong record in this sector."
Think i'll take my profits and run! GLA
Can't find any info on what caused todays jump, prob just the rumour mill or twitter or summat...? The fact that it's hesitating around 880 suggests to me that it's related to the existing bid, allthough that might still flush out a counter offer. Hopefully the rumour has substance and even more hopefull that we might get more than 880...
875 to buy now, something afoot. 70p in 3 days. Lovely!
Yes i think there's a decent risk/reward opportunity here for a potential take out price of 880p. The current price of 805p suggests others are not so convinced tho.
2021 Eps estimate is 46p, so even if a bid doesn't happen the downside is manageable IMHO, especially as the CV19 risk is receeding and events start up again...
https://www.businesswire.com/news/home/20210225005202/en/
...for home deliveries.
Looking forward to a bid then and still a few shorters yet to keave the building...
The price has gone up around 500% to a high of around 650p in the last 6 months and has now hit some expected profit taking and has retraced 10% to 580p region. A pretty great performance in my mind.
I wouldn't be surprised to see more profit taking and i thought about taking some myself last week but decided against it. On anything other than a short term/traders viewpoint this is a solid hold supported by the increasing turnover, cash in the bank and the share buyback. All IMHO
'The Company also conducted a placing raising £1.05 million before expenses, which along with the Litigation Fund and the fee arrangement with Dentons are collectively expected to cover all costs throughout the Arbitration process and has allowed Fox Marble to commence preparations for the formal proceedings against the Republic of Kosovo.'
Seems fairly comprehensible IMHO
Certainly been a big rise in the average daily volumes over the last few weeks.
Just into profit myself too (not including divs), been a long wait mind!
Hardly newsworthy but a nice change from the generally negative recent sentiments here nonetheless.
Tempting tho it is to sell, I think i'll hold for more...
That's a nice result. I'd expect a pause in the uptrend at the recent high around 410....
Most of the recent shorters have backed off below 0.5% which makes for an easier life!
EPS expected to be down this year but rebound in 2022. Happy to take a medium term view and hold for a while...
Yes i believe you're correct that the vanadium doesn't deteriorate and doesn't need to be replaced over the lifetime (25 yr) and can be re-cycled easily. My use of it's price as an initial cost variable was a bit mis-leading in that sense.
However, that set me thinking.
Given that the cost of the Vanadium electrolyte is a large proportional cost of the VFRB (around 30- 40% i think) and given the large fluctuation in cost Vanadium over say, a 25 year period (eg over years 2000 - 2018 the min price of V was approx 2 USD/lb to a max of 26 USD) doesn't that raise the possiblilty the value of the Vanadium in your ailing 25 yr old VFRB could be significantly different to it's initial cost and possibly be worth more than the cost of the VFRB in the first place?
In which case the future price of Vanadium is indeed, a big unknowable factor in any VFRB projects' overall economics?
I'm assuming that the 'old' Vanadium electrolyte is worth a significant price compared to 'new'.
It was a bit of a tongue in cheek comparison because i know they don't have much in common really. I did well from ITM but i sold too early when the price went so high from my 'fair valuation' (which was completely wrong ie low) that i sold it all. I still hold CPX tho. Thus the ITM comparison reminds me how far out i can be when everyone else is driving the price to crazy levels and i don't see why..
Yes the future does look bright, and CPX only just starting to get the same attention that many LTHs have been paying (and waiting for) for years. If you wanna get a smile on thinking about what could happen if CPX goes Goldilocks..
Consider two upcoming energy storage companies..
CPX 2020 revenue £3.59M and Mcap £55M
ITM power 2020 revenue £3.29M and Mcap £3500M !
Ramptastic :)
A cost comparison of the two technologies would be great if it were meaningfully possible without making huge assumptions (eg how much is Vanadium gonna cost in the future? or How far apart is the power source/the storage hill/ the end user? etc etc)
However, if you had the two systems (built/payed for/running without maintenance costs) side by side, the cost of the losses would depend to degree on the round trip efficiencies of the two ideas and could be estimated...
https://en.wikipedia.org/wiki/Pumped-storage_hydroelectricity
..suggests 70-80% efficiency can be acheived for pumped storage and :-
https://en.wikipedia.org/wiki/Vanadium_redox_battery
...suggests VFRB round trip efficiencies of 65-75%
So that gives you broadly similar round trip efficiencies of the two concepts which allows you to say that the cost of the losses involved would be similar, for what that's worth!
Yes Stocks and shares ISA would be top of my list. You currently get £20K a year so if you open one now you'll get this years allowance then another on 6 april. No tax return to fill in on the shares there and that'll be £40K shielded from CGT.