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!!
What are you all talking about?! How is Leap a clusterfunk? If an experienced fund manager delays an IPO, it’s probably because his waiting yields more value. If Ed had sold Leap earlier, what would he have spent the cash on? More LGP? It’s cheaper now. Ed is working for the fund, not short term traders. How many major deals has Leap secured over the 12 months in which Ed hadn’t flogged it off cheaply?? Is it three or four? Preparing a company for an optimised sale / IPO can easily take a year of reconciling spend to IP rights, novating licence agreements, getting recognition… then identifying investors and demonstrating value / synergies to them. It sounds like the audits are done, though, for what that’s worth.
Baldmare - how was that what you took from Ed’s interview?! The value of Leap is in its IP and its deals already in place. The Kyiv team are not only all OK, but they’re being relocated to European offices by IMG and are still creating new content at 70% of their non-wartime target. This doesn’t affect IPO timeframes except for the general risk appetite of the market - but the delay has been in getting three years’ of Maltese accounts audited. You don’t set up your company in Malta because you want to keep meticulous records and have auditors on site all the time - so it’s taken a while. Personally, I think everyone expects IMG to buy us out of Leap, but we’ve got to make the bluff of an IPO look credible in order to get a good price from IMG, who could otherwise be pretty pushy. Why don’t you find someone from Leap Kyiv on social media and tell them we’re all bloody proud of them.
You see, Barwy… people DID start buying yesterday, as soon as they realised they were probably supporting Ukrainians who have had to sell their shares in SEED. Sometimes you’ve just got to have a bit of faith in people. We’ll be back at sixes and sevens again soon.
O’Don… Remember Leap has a base in Kyiv. Perhaps we have a lot of Ukrainian friends invested in SEED, who know about how valuable Leap is, but quite understandably need the cash to help their families. Be empathetic and get buying - it’s the least we can do…
Great news - I was searching for Northern Leaf last week, as there should be quarterly results / IPO plans announced any day now.
Jersey has plenty more weird visitor attractions, besides Tamba, and are very proud of both horticulture and wealth… so I can see this getting a lot of local support. (They’ll want to beat Guernsey in the market.)
Caught up with my ex from Jersey this w/e, and CannaVapes are pretty prevalent there too. Wonder if St Helier will become the next Amsterdam…?!
O'Donnell - 'twas I who said that about 7p. It was ironic. (I wasn't being ironic a few days ago when I said the war wouldn't kick off, but one can't be right the whole time...)
Why are people selling? Wrong question. We've had a good day compared to almost all other AIM companies, and even against FTSE / DAX etc. that are down nearly 4% today. Plus, I reckon those three oligarchs were almost definitely invested in SEED. Isn't one of them related to Rhonda?!
Focus on the physio. There's so little volume changing hands here, that our SP means almost as little as Yooma's.
...should be releasing their quarterly report in the next week or so. They're already late for their IPO - but apparently this is due to the congested market, not that they're behind internally. With any luck the report will have some good IPO news and a nice little NAV bump up for SEED.
Well didn’t Quint buy in at c. 5p, then make a big song and dance about SEED? I’m not saying it’s Quint who has been selling since New Year… but many who bought in at the same time have probably been selling at 20+% gain and are flogging off the final few at over 10%. Fair enough, I guess.
Haha - well I didn’t mean it literally…! More in the Chaucerian sense. But people should keep buying.
https://en.m.wikipedia.org/wiki/At_sixes_and_sevens
Just imagine the auditors coming in at yearend:
“Ahh what?! You still haven’t sold Leap?”
“No”
“And you still think you will…”
“Definitely”
“Right, and you’re impairing the holding value?”
“No - we’d like to up it to £50m. Sort of a hunch.”
“B…b…but a lot of people are looking at this!”
Not long to wait.