Member Info for Run1

On a bit of a roll the last few weeks up to 67/68p but on diminishing volume. Nevertheless always good to raise the base level from which to rise again on better news. Holding and hoping.

Target 20p

Every poster also has an underlying flavour too.

Yours looks like a combination of condescension and vanilla.

The share price action in the first few hours this morning suggests either a) apathy or b) no consensus as to whether this is a positive or a negative. But we should remember that the directors are bound by law to do what is in the best interest of the company.

Potentially ........ This sounds similar to the Agronomics (ANIC) situation. A kind of parallel private fund was created loosely attached to ANIC by common shareholders (mostly insiders, their friends, and a few institutions) that invests alongside ANIC in the same portfolio companies. It smacks of "well we got that wrong so let's start afresh but we'll abandon those pesky small fry while we're at it).

What you have then is a situation whereby the original fund and the new fund have the same major shareholders and these two funds kind of pool their resources so one tags along with the other, The beauty of the new fund is that it's not encumbered with the risks of the original fund (we are not invited to the party), but on the upside, it gives the original fund a little more power. Meaning, in the case of ANIC, Jim Mellon and the Board make the decision for both the new and old funds.

The problem is that I'm not sure what's good news or bad news anymore.

MEDIA-Space investor Seraphim explores capital-raise after share slump - Sky News

I mean 'sell' not 'see'!

Not sure why anyone would see at 9p today, but hey-ho.

Increasing NAV, share buyback, and share cancellation (not new news), and no fundraising while SP under NAV. As soon as interest rates start to fall this one will claw back to 15-17p IMO just on today's investment portfolio. Given the significance of alternative sources of food in the future, I still expect ANIC, despite the convoluted business model to a large extent created by the majority shareholders, to provide substantial capital gain opportunities for the current small fry holders.

Yes, the value of CPC pretty much reflects the value of its assets.

I have averaged up and down like a yo-yo over the last 4 years and now have a hefty chunk at 108p.

CPC does need to generate more cash to have a bigger margin of safety on its debt obligations, but I also think that with drinkers concentrated on fewer pubs, and CPC's own great productivity efforts, we should see a more robust buffer soon.

CPC

Book Value £92.9 million

Book Value per share 88.9p

Share Price 89p

MCap £92.89 million + £22.20 million net debt = enterprise value £115 million.

"...... the vast majority of their (Africa's) populations survived." Yeah well, there are 1.426 billion people in Africa. Statistically, you could say that no one died in Africa.

I think you're suffering from Survivorship Bias. Strangely, the dead have no voice.

I'm thinking that the value of ANIC is most likely at an inflection point now. Any sign of interest rates easing will certainly give the portfolio companies a boost. We need the SP to close to a rising NAV.

What does "it's a gap up to 35p" mean? Obviously, the difference is 10p, but why is this a special "gap" worth mentioning? Is it based on technicals? Thanks.

(I'm in Liverpool so no CPC pubs here for me to visit)

W13Ken, any updates from your adventures?

I'm hoping the pubs were full of Rugby World Cup enthusiasts over the last many weekends. Pity the games weren't played after work on a Thursday evening (Thursday being the new Friday apparently). Of course, it's good that the Final was played on a salary weekend.

On Friday Berenberg issued a target of 570p.

Just read today that the average weight of graphite in per Tesla car is 54kg, and that due to process loss 30x that amount needs to be mined. No doubt everyone here is well versed, however I must admit to being surprised at the weight in these pure EVs!

Don't forget that you write your own bio on LinkedIn ;-))

I can hear deafening silence.