Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
Looks like a lot of holders are moving their CRU shares into ISAs today, which would explain the anomalous share price movement. Things should settle back down again in April.
It’s not asking much for the recent drift down from high teens to be reversed - especially as we are about to enter a “transformative year” for Trak in which the full benefit of the headcount reduction will come through.
The absence of any update is frustrating - I'd like to think they are too busy to worry about the current SP - but I agree that they "simply must have hit guidance". If so, following an eerie silence on the share dealing front, the SP is set to explode (yet again). This time, it should hold....depending on what Allenby have to say about 23/24.
"He didn’t buy when it was 80p, so that’s a pipe dream I’m afraid".
You're ignoring the fact that at 80p, his room for manoeuvre was restricted by his 30/3/22 purchase at 237p.
In a week’s time, that purchase becomes totally irrelevant, i.e. he’ll be free to offer less than 237p.
If we see 80p again, he'll be offering much less than 237p - more like 100p.
I don’t know, but I’m glad I got out at 350p. However, I don’t claim any particular skill for having done that. It’s just that I felt the company were profoundly wrong to suck up to the government and impose medical apartheid (compulsory vaccination). However, in retrospect they did me a favour.
It should be obvious to them by now that the government were only interested in scaring the s**t out of people. However, I believe they are still operating medical apartheid, even now, years down the line. They’re not helping themselves, are they?
To be honest, this is not telling us very much: after a prolonged ban on cruising, you're bound to get record breaking demand - for a limited time.
What is more relevant is, once this pent up demand is satisfied, what will be the new level of SUSTAINABLE demand. The market appears to be bracing itself for bad news on that front.
Someone moving shares into an ISA? (taking advantage of depressed SP).
I suppose the market is now waiting to see what, if anything, the interim results on 27/2 will reveal on this issue.
They may well include a provision for the costs of settling/disposing of the Tuffnell's claim, but I doubt if it would be material enough to show up.
So if the interim results are very good, the SP may well resume its journey up through the low 30s, despite the continuing drag on the SP due to this pending litigation, which could take many months to resolve.
But after last year, DX holders are well-used to being kept waiting...
Tuffnells are obviously trying to milk DX’s embarrassment for all it’s worth - which by all accounts isn’t much. After all, the information allegedly extracted wasn’t worth more than a row of beans, it seems.
That won’t stop a knee-jerk reaction from those who’ve read no further than the sensationalist headline, hence the wobble in the SP, but with DX already under new management, and with eagerly anticipated interim results just round the corner, some will see this as a buying opportunity…
KBYK - I suppose the current SP is possibly an aberration (as was the 250p peak!) due to the pitifully small share turnover - due in part to the small free float - making it difficult to establish a true market price.
So it could easily bounce back to at least the IPO level (around 140p). But it won't go much further without some substantive news on M&A.
If not, ironically ML may need Trak more than Trak needs ML! Even without a full takeover, ML stand to do very well out of Trak if the Allenby projections are anything to go by.
Know - I started to take a keen interest in ML because of its association with Trak, but steered clear of investing when the SP went crazy, reaching around 250p at one point. I finally dipped my toe in when it dropped to around 150p. At that level, I considered it a relatively safe bet, i.e. I wasn’t expecting to make a killing - it has a very demanding PE of 50, double Quartix’s 25 - but I wasn’t expecting to lose much either, since the business seems pretty solid.
But it's obviously been a disappointment so far: the market was expecting fireworks, and is now being kept waiting…..
So I’m glad I didn’t invest big time, but if I wasn’t already invested, I’d probably be buying a few at current levels.
But having already had a nibble, I’m wary about averaging down now. In any case, my main concern, and investment, is with Trak. If Trak performs as it should, the outcome of my flutter with ML will be unimportant.
However, all outstanding contracts must have been, or be very close to, being renewed by now, and they must have good visibility for the current year, so perhaps it’ll be next week?
It’s badly needed because, judging by the SP, there are evidently (understandable) doubts in the market that the alleged massive benefits of the restructuring will actually be realised in 23/24. A good start to removing those doubts would be to at least hit the expected adjusted PBT of £300k for the current year. If they do, and they go on to issue a bullish outlook statement, the SP should start to move up again, but it's unlikely to finally take off until after the trading update in September confirms the progress actually being made in 23/24.
Incidentally, ML need TRAK to come good as much as we do, judging by its currently depressed SP. Thus if TRAK’s 23/24 earnings do come in at the expected £2.3m, it will give a much-needed boost to ML’s earnings, which will include 20% of Trak’s, ie £0.5m. This is not an insignificant contribution: ML’s own earnings are only around the £2.3m mark, so it'd be enough to get its own SP moving again.
255p?! I'd also like to see the Berenberg note!
£1? I'm getting 116p to sell, not that that is anything to celebrate!
I agree about the update, but I think the sky high PE is predicated on the prospect of spectacular growth through M&A, which shows no signs of being realised, even 18 months after the IPO.
ports – I certainly agree that we shouldn’t ignore the macro picture – especially with Ukraine entering a new, potentially much more dangerous, phase - but that applies to ALL shares at the moment. However, stock markets seem oblivious to the macroeconomic risks….but for how much longer?