Member Info for Scharnhorst

Sorry, dozed off for a couple of days. Indian city transport could be a productive market for Faradion's sodium batteries, a country that doesn't want to be reliant on China for lithium supplies. From the safety point of view I could also see their usefulness for renewable energy storage in domestic situations. I think they're taking steps in that direction in Australia.

https://autotechreview.com/technology/future-of-clean-transportation-sodium-ion-batteries/amp?__twitter_impression=true

Thanks, I wouldn't invest in WA as a stand alone company either but I can see why MERC have contributed to the raise as there is no doubt in my mind the electric car market will grow for years and power use and weight of components have to be taken very seriously as the biggest drawback is range - think of incremental gains championed by Brailsford, a man who covered all the bases including the invention of asthma for Team Sky riders to excuse the use of steroids. I need to look closer at the figures but after a £5.3m write-down I assume there isn't much WA downside risk for MERC investors and an optimistic future. That's the point I tried to make earlier.

They claim up to 75% power savings over conventional car audio so less heat generated as more efficient. Not sure about the headphone heat. I suppose that's why they have the mesh vents. I recommend listening to the Wurzels after a few litres of Roger Wilkins' cider.

WA is niche at the moment but an affordable, weight-saving, high quality sound system for the expanding electric car market gives hope for a write-back of the 5.3m.

Equipped with truth serum from the Peruvian self-inflating marsh frog?

Well done sir! Be assured not much escapes my Zeiss 10x42s. During this engagement I will have Frau Kapitän Maitliss deal with your wayward Duke of York.

Is down the hatch and through the mist my Zeiss Victory SFs suggest the pattern of the last month continues. Most block trades appear as sells, I can’t identify matching buys and as for the share price, hoo-ray and up she rises.

Given the empty chatroom I assumed it was an echo...

It is encouraging news for Warwick Acoustics, especially as it was responsible for the biggest write down in the final results. They’re aiming their quality sound system at mass market electric cars so if the development work succeeds they’ll be well positioned. The MERC share price downtrend has 5 years’ momentum but I’m encouraged it is turning around.

...and a rising share price.

I invest in companies I think are undervalued. For example, I invested in Caledonia Mining without believing Zimbabwe to be a roaring success. England is by no means such a basket case, but it is heading that way under current management.

Manners maketh man but are no longer prized by the English. That may explain why your country is failing.

You lack taste in spirits and the Senior Service is irrelevant without colonies to oppress old boy.

I think you're right. I'm seeing what looks like a cheeky little delayed trade this morning.

Au contraire barchid, for a while everyone wanted a Scharnhorst and demand outstripped supply before the bottom fell out of the market. 50% is an unusually wide discount. This isn't a typical VC punt either. I think of it as a spirit cut distillation with some off notes.

Who cares about the bleating of IC sheep?
As for the fair value question, the investment case is that the share price is about half fair value. It will correct if balance sheet companies make net progress. Some of their companies are growing quickly. I'm not convinced about others, particularly Concepta. I would have dropped that a long time ago. It looks like they have a good product that few people want.

Omega are valued like a tech company but they're reliant on other people's tech. Mologic and Abingdon Health for covid, and the Burnett Institute for HIV.

She's exactly the sort of idiot the antibody tests are aimed at.

Target price under review pending visibility of earnings. Core business valuation remains 25p/share, so company without covid upside valued at £38m.
Market currently values theoretical covid business at £66.3m
That's a lot of hope for a bit player with no guaranteed long term earnings potential from covid (topic of the day at present but for how long?) and currently priced at 13 times book value, 47 times tangible book value with a 2021 forward pe of 257.