Dino ken - you’re allowed to idolise your daughter, as any father should. But unless she’s Nicola Horlick you might want to think twice before taking her investment advice.
This sector is for the majority of the population who eat meat.
Dino I suspect the market is more in the 99% of the population who aren't vegan. As land costs increase and as the environmental cost of food production becomes ever more a cash cost, the cost of production of traditional meat is likely to rise. Give it time, there's no reason to think this stuff won't be cheaper than the real thing. Like Quorn but actually tasty.
I run an audio visual business which has been going since 1960. Did a masters in flat panel displays in 1996 when the first commercial colour plasma screen came out - and sold as fast as they could make them, at £7k, then about 15x the price of a normal TV. A couple of years earlier the prototype would have been £100k+. What's been developed is a prototype sausage. Give it 3 years and they'll be a tenner a sausage. A decade after that, and they'll be completely normal, hardly anyone will buy the old kind of sausage anymore.
Hmm - article from the Australian Cleanmeats site from 13 June, so five weeks ago, says "Unlike other cell-based meats, BlueNalu won’t use animal serums to grow its fish, but has come up with an "animal-free" alternative, Cooperhouse assured at the conference."
One part of that is future tense, one is past tense. But does imply it's done.
Rocker are you overlooking the 90m shares that got issued last week? Now 113m in issue so at 20p market cap would be £20m.
That said the current £10m market cap is half backed by cash, so that's at least as significant as the Blue Nalu investment. Clearly it's a premium to net assets, unusually for an investing company - hopefully justified by the top notch board and the challenge of investing in the sector as a PI. I've got a little bit in here in the hope it's awesome.
Really? From the chart looks like it went from 2.3 to 5.1 - that's less than 100% up given the spread. But I take the point. I'm not that kind of investor though - given the state of the underlying "business" and the track record here the risk/reward isn't for me.
Just checked in here - bought in years ago when it was a £2m market cap with £3m of assets. Sold out months ago at a loss after accepting this thing is just dreadful. Does anyone know whether Optimist is still around? He used to say sensible things, albeit hopefully overoptimistic. I hope he got out without too much pain.
Genuinely don't understand how there's so much irrelevant chat on here for so little activity. Why isn't this like the YOLO board? A comment every few weeks while the stock drifts listlessly.
Come on, all of you. Go find something better to do with your time - there are lots of other stocks on AIM, many of them have share prices that go up! Sell, take the loss, put the proceeds in something that's got a business or is building one.
GLA who remain - you'll need it!
Robert let me have a go at a contrary view on that purchase. It's possible your numbers are right but (eg) the $10m is plucked out of the air, it could be $5m or $25m. We know the average of the acquisitions is a 7x multiple, given this is the largest I think it's probably 7x. That's still reasonably high, but I don't think you're right about plays and popularity going down. There's every chance that it's played weekly in many of the 350,000 churches across the states, reminding the audience of its existence. And remember streaming only overtook physical formats in 2017, it's now more likely that plays are going to be streamed, and that's good for songs that have staying power rather than one off hits that drop significantly.
I've got this in my SIPP, seems a great annuity stream type business. Given the board, there's every chance of them doing well. I'm not expecting anything spectacular, but a steady growth over the coming years.
LB - I think this is the main risk; this share will either get bought by Google or they'll copy the idea. I'm not qualified to judge which is more likely so I've trimmed my holding - but what I've got left is up 500% so I'm happy either way. I do know a guy who set up an AI business and Google bought it 2 years later for $400m so it does happen if BIDS have something worthwhile.
Biggest no brainer on AIM? Really?!
What about eg AEO - on the same turnover they have a similar profit, pay a dividend, and have over £1m of cash with a £2.3m market cap.
Or eg OMIP - a higher profit, £5.5m cash, £9m market cap.
Stacks of better opportunities out there IMHO.
And puzzled by your statement "directors hold 70% .... we need directors buying". Can I suggest that if they own any more than 70% there's probably very little point being a public company!
Henry - yes, or conversely it acts as an incentive not to issue shares. Basically it's an anti-dilution mechanism. If more shares get issued, the price paid by JGO per share falls. To take two extreme examples, if they issued £500m worth of shares the option is automatically the right to buy in cheaply, at a big discount to the share price. If they issue no shares then the option is only worth taking up if the share price soars from current levels.
Sadly you're reading way too much into the date change. The original notice didn't contain any resolutions, as far as I can see. Looks like a screwup. Unfair to blame the company though, the advisers should have helped them sort this.
The problem they have IMHO is they didn't raise enough cash, and the low share price means it's unattractive to issue equity. They're in danger of being stuck at being a bit too small. I think they need to do a convertible loan or something - pay say 8% coupon, and have it convert at a decent premium to the current price, say the 14p relaunch price. Then raise a few mil and buy something decently profitable which can be improved further. Then the share price can recover and further acquisitions can use equity or normal equity fundraisings. Until further news I'm only leaving a minimal stake here.
Bizarre attitude to be glad I won’t see a return on the grounds that I won’t be exercising my warrants at 0.225p. If we exercised you’d have £450k in return for 200m shares. As it is you’ll probably issue over a million shares to get that kind of cash.
Oh well. Instead of propping up this car crash of an investment I used the cash to buy BIDS in last month’s placing instead.
I sold my placing shares because I didn’t like the way the patents start expiring in the next few years. Sounds like there’s a high chance the company will expire first!
It's not a fault, there's no RNS today (yet). Today is the day they trade ex a 24p special dividend and post a consolidation. See either my previous posts or the recent RNS's (from 21 March onwards). For the past few months the old shares were around 25 or 26p a share. A price for the new shares of 26p per old share is 44p per new share, 27p per old share is 66p per new share. So the current price isn't much of a move. More relevant to the future is that as others have said the cash balance is about £2 per share, and there's a bit of a business too.