The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has been released. Listen here.
Palm Oil now 9% up to 6955 MYR
Why the price action?
No export ban.
Palm oil prices rises.
= MPE flooded with cash.
https://www.reuters.com/world/asia-pacific/indonesia-export-ban-will-not-include-crude-palm-oil-sources-2022-04-25/
CPO export ban - no longer an issue !
Therefore, sp fall = great opp to buy back before TU
https://www.bloombergquint.com/business/palm-oil-jumps-almost-5-as-top-shipper-indonesia-to-ban-exports
Now no cpo export ban according to this. ...mmm
If CRH's recent TU was excellent, surely GFTU's is likely to be similar?
Also, BRCK, Ibstock, MBH all recent TU's are excellent.
Similarly VP was good too.
RMI sector killing it at the mo. contrary to what masses believe.
From the TU, they have clearly demonstrated their versatility and ability to steer the ship through extremely difficult macro environ.
Management is excellent.
Pricing power very strong
No supply constraints issues
Strong tailwinds
PE - c 13? cheap
Would not surprise me if more II's or Downing load up more given how re-assuring the TU was.
Spread is peanuts so can always dash in and out with minimal fees.
MM gapped up on TU day to starting price of 276p - so not many recent PIs, including myself bought below than that (many like me were sitting on the sidelines), given that many were expecting inflationary narrative and supply constraints blah blah narrative to pop up - no such thing!
Let's hope by next TU - need some ALPHA!
Renishaw had similar delays with auditors.
The reason for the delay is clearly stipulated - unlike SFOR
After a horrid spell, biotech should turn the corner. When? Market decides.
Pioneering best IP in Kidney transplant - not the usual rubbish on AIM at ridiculous price. At c£45mn valuation, if you were to walk into a PE firm with this idea, they would probably laugh at you given how cheap it is. Now whack on the IP, Mt Sinai collab + work done to date on reimbursement + advisory board = ridiculously cheap.
Spread has been this wide for quite a while mate
Worked sell? at 2:35 p.m.?
SP action has been looking weak all day.
Another false dawn?
That's what I thought after selling HTG at 161p a few months back.
At this valuation - CAREDX should throw £100mn on the table and take the IP removing one of their competitors.
Would be chump change for them.
Absolutely zero credit given by market to where Vrci have got to w.r.t progress.
Whole market taking the mick with Vrci.
I agree - < 3 months - - possibly returns to mid 30s
Look at JAN (former hold) SP action - whilst waiting for DFS
With Brent at $108 + ADNOC news + big new contract
Also, GMS has risen 10% in the last few days + HTG looks perky.
- what on earth are we doing languishing at 104p?
Whoever it is 007 - it's not an II - someone's buying in big decent chunks today at 26p - they have been doing it for the past 2 days. Just small PIs selling
I get it - discretionary spending and all that - everyone wrote off QUIZ which IMO is probably the nearest peer to SOS.
Look at what happened to Quiz
Shocker of a result - anyone who bought it at 9p which was literally 1-2 months back (I was tempted to rebuy after selling at 15p) has literally bagged.
So 9 months SOS have been flying
Just last 3 months of the FY which are unknown. If I am a betting man - the last 3 months must have been great given that omicron no longer posing a threat and the opening up of parties and get togethers etc
But there are clues as to how the last 3 months have been - through Quiz's rns.
Per Quiz recent rns - the momentum has continued since the post Christmas update - https://www.lse.co.uk/rns/QUIZ/trading-update-p4royonba8x3ltg.html
I'd expect that SOS would have been performed equally if not better than Quiz.
Overall, very surprising SP action.
Last few weeks, some sort of rejuvenation in retail stocks - THG, BOO, ASC + JOUL yet SOS languishing.
Vagaries of the market... sigh
Probably will do a 10% rise tomorrow - completely unpredictable at the mo.
Someone's buying chunks of 100k shares.
Today and Friday.
TU expected within 10 days?
Fantastic progress made throughout the year.
I reckon SOS will surprise on the positive side.
Their peer QUIZ was better than expected.
No material impact from supply constraints
Must have been huge pent up demand due to re-opening trade after covid.
+ end of WFH and return to office must be invigorating demand.