Member Info for reefles

Well I certainly wouldn’t want to be out of this one before the weekend…!

Yeah - if you set the Google tracker to the last five days, it’ll give you a nice warm, fuzzy feeling!

I assumed that Quint was slowly building a position for the past few weeks, then pumped last week and dumped today. Doesn’t really matter, though… who’d sell unless they had to?!

Valium. Much needed.

Hmm - interesting - so does this mean someone has recently had an order to sell a large holding at 5p, and the MMs have just managed to close it out today, on the back of the promising RNSs…?

If so, and the blockage has been cleared, we should see a much less inhibited SP movement over the next few days, right??

Anyone got any preview details to share, before it’s visible on Free LSE?

OD - is that meant to be a metaphor for SEED? It’s raining, but we may as well leave the washing on the line because it’s just a waiting game until there are rays of sunshine… (according to the “weather forecast”, at least)

Lovely stuff, OD. That’s like a portmanteau of DISSAtisfied and disapPOINTED.

(Why don’t you post your buy / sell opinion anymore? Are you losing the faith?)

The modern name O’Donnell derives from the old Irish spelling “O’Domhnaill,” which translates to “descendant of Domhnaill.” Taking it a step further, the root words of “Domhnaill” are “domhan” (translating to “the world”) and “all” (which means “mighty”). The name O’Donnell literally translates to “world mighty” or “world rulers.”

https://www.shamrockgift.com/blog/odonnell-irish-surname/

Exactly! And his Board have given him a payrise and a bonus. I find it unbelievable that people misquote that interview - ie his justified confidence - to say he isn’t delivering

I posted this a while back… re Ed’s £50m:

https://www.investormeetcompany.com/investor/meeting/seed-innovations-annual-general-meeting

Full video still available if you're signed up (free). It's worth watching from about 50mins in. Precise quote is at 54:10

OD, are you confusing Ed's comment about having a NAV of £50m, with the idea of a £0.50 share price...? I'm not aware of anyone being quite that bullish in the short term.

(Usual reminder, Ed was talking about NAV not SP, when he said that by the end of the year, he wouldn't swap all of SEED's assets for a £50m cheque. This is often misquoted on here, that Ed "promised a SP of 23p by Dec 21")

Yep yep - it was endorsement, if anything.

For what it's worth, though: there was also £150k into SW Brands since Sept as well. (And Fralis is € not £, but suspect that's a typo.) I had balanced my cash to £2m in Sept, so might have unfairly knocked £48k off, but have included their running costs and bonus. The result is only just shy of £1m...

Matador - good to know you're keeping an eye on the dynamic duo! Even though I'm probably young for this BB, I hate Twitter and Telegram etc. - even though I can see the benefit. I often feel a bit out of touch with their next direction... although when I heard about Ed's salary rise and bonus, I didn't think "they're all corrupt", I thought "wow - he must be cooking up something really impressive behind the scenes, because remuneration committees don't just hand out cash from an exhausted cash balance willy nilly!"

Midas / Markjenn. This is collaboration, not competition, but my calculated NAV is 10.63p as of yesterday.

This takes into account:
- all recent investments / implied valuations, such as Eurox, with adjustments to cash balances
- running costs per month at £65k (since Sept, when I had a rec'd cash balance) + Ed's bonus this year of £15k
- accrued interest on loan notes
- any listed share prices and relevant exchange rates

Note, if my calc's are correct, the fund has less than £1m cash for emergencies. I'd assume this implies Leap will be sold soon, rather than there'll be a raise.

If Leap is worth £50m (total company value, not just our share), then our NAV / share is 17.5p. If Leap is worth £100m, then our NAV is 28.9p

Workings attached. I've tried to strip out any personal details, but if you discover some - please keep them to yourself!
https://we.tl/t-DwNxDHr9p8

Thanks for posting your NAV calc earlier. I’ve been meaning to update mine. Do you include accrued interest on the CLNs in your workings? We’ve got a year’s worth accrued since the last published stat accounts, on a good chunk of the PF, at decent rates. Wouldn’t be surprised if we were still North of 11p (before the upside on Leap, Northern Leaf etc.)

Looks like we’ve got a big buyer in the background, given the SP rise on some small declared buys, vs. the large sell-off… right?

All powered by cheap nuclear electricity from France, too. Jersey Electricity used to have a long term deal to import it at 3p / kWh

Yeah - I think I’m just a bit bitter about new holders! I’m still at an average of c. 8.5p and can’t buy more. I sold everything else, got shedloads of SEED and some pre-IPO CLNs in Northern Leaf, and I often wish I’d just bought some magic beans.

JK… are you saying that if a stock is undervalued, it’s a good investment regardless of whether you already hold it?! That’s like saying that if you’ve flipped a coin and got Tails twice, you’ve only got a 50% chance of getting Heads next. But that’s nuts!!

I’m absolutely sure O’DONNELL is a lovely older gentleman, caring for his wife despite his own disabilities… modestly looking forward to the next Wetherspoons trip while ploughing £’000s more into the pension pot… BUT if I were at all cynical, I’d say his messages on here show a lot of the tendencies of a troll.

(Usually he just has a “modest holding” - although as a proud LTH, never admits to any selling, and regularly declares a top up - now being sat at a c. 7p avg, right? There’s an odd mix of modern insights, occasional tropes of older writers, and bizarre gaffes, eg. In a discussion about Vitality’s results if they were making a £5 net profit per unit, O’Don reminds us to deduct overheads and marketing from that - net - profit?! Or saying that, per his reckoning, 97.5% of holders would support an immediate sale of Leap “at the right price”?! He does love Mat à d’or, though, so he can’t be malicious.)

I didn’t understand today’s finger-pointing at Adam (who clearly still holds), nor today’s refugee comment, nor yesterday’s hubris comment. Is this designed to make all SEED investors look like loons?!

Sigh… I normally don’t let it get to me. Obviously, Mr O’Donnell, my sincere apologies if you are indeed as straight as a die and all that. 97.5% chance you are!!