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Any reason for the series of sells?
38.5 ask appears rather good given brent up 1.75% today @ $83.67
SFR is at a 6 month high
China is re-opening - 22/12/22
HKSTV says China will cut its inbound COVID-19 quarantine to just a three-day home quarantine by January 3, which means the country will be fully open starting in 2023.
Surely, MTR can not stay at these lows. The other time we were lower was during the Covid March 2020 fall!
22/12/22 -
#BREAKING
HKSTV says China will cut its inbound COVID-19 quarantine to just a three-day home quarantine by January 3, which means the country will be fully open starting in 2023.
Implications to Macau - big!
Company made a profit of $1mn selling that HWM - what's not to like?
Equivalent of £800k+ at today's x.r
= c14% of the summer placement.
Great!
So the disadvantage is "lumpy rev". ..bit like me missus porridge!
They ARE pricing at cost of capital. LIT does NOT practise Fair Value accounting like MANO. Thus, the rev is only accounted for at the time the defendant agrees to settle. Patrick has been explicit on this in numerous times.
Not long to go to Jan TU - should be excellent.
Blop!
9:55 am £144k sell - immediately ask price so much better.
Constipation relieved!
Fallen significantly since Oct / Nov ...hence the sentiment.
Explains why the Chairman bought 375k shares a few weeks back.
China, Macau is reopening
Directors, of course, having seen that sp is almost 1/3 of the NAV buying in heavily today.
China's covid policy is a radical shift now - so that responsibiity is on the people rather than the government.
MPO's sp fell because of covid and respective restrictions.
Now that restrictions have lifted., Macau's economy should take off from here.
Casino stocks in HK have rallied significantly since the covid policy shift.
Almost 50% of the placement price of 105p in summer '22. Crazy!
Excellent recovery. Hopefully further contract wins in forthcoming months would give this one a boost too.
Brent Oil Futures - Feb 23 (LCOG3)
78.45
+2.35(+3.09%)
15:33:29
-Real-time Data.
Currency in USD
SQZ is being rather pedestrian when WTI is up c3% + cold uk weather outlook?
Infosys and Tata Consultancy - still strong - same biz as IBPO.
IBPO PIs gets shaken by IT sector mini shake up on Sensex
TU last year @ 7/12/21. Not sure when the TU is for this year.
Overall, IMO, PEBB is vastly underrated by the market:
@ 6/9/22 - CEO during their presentation commented. "no visible signs of deterioration in trading."
FOUR - 4imprint are a distributor with their primary market in USA, which 40% of T/O of PEBB is based (so 4imprint could be a customer of PEBB?). 4imprint, in their most recent TU on 4/11/22 with upgraded expectations, commented that trading up to October '22 was "buoyant". 4imprint is a stock that is doing extremely well at pleasant that I do not hold.
ALT, a mini version of PEBB has performed well in recent weeks. ALT are in the same biz as PEBB, as far as I can make out.
Current SP reflects on an expected PE (non-cash adjusted) of c15.6 per stockopedia, which for a growth company like this (H1 growth was 30% y-o-y) is very very reasonable.
Company is net cash (without including IFRS16 lease liabilities) and spewing out excellent cashflow. Yes, some of the money is reinvested into capex, primarily software.
Net Cash: Consensus is for year-end net cash of £14.0m, ahead of last year’s closing balance of £12.1m @ sept 22
H1 '22 was excellent on ALL fronts. Brand Addition could be the part of the biz that exceeds expec.
Commercio, their new product, post 30/6/22 interims has signed 46 new clients since launch in June 22. All this = ARR.
Cost inflation easing now with container costs falling literally everyday.
Equity development: PEBB have mitigated the impact of inflation through substitution and product re-engineering, as can be seen by the stability of gross margins in H122 of 29.9% (H121: 28.2%).
Figures are reported in £ but over 40% is generated in USD. There must be very favourable to PEBB given sterling's weakness, leading to a higher PBT.
Overall, I reckon PEBB will surprise the market. There, my soliloquy is over.
Augurs well for the reopening of Macau:
https://www.reuters.com/world/china/chinese-capital-prepares-life-again-lockdowns-lift-across-country-2022-12-06/
BEIJING, Dec 6 (Reuters) - Residents of China's capital were allowed into parks, supermarkets, offices and airports without a negative COVID-19 test on Tuesday, the latest in a mix of easing steps nationwide after unprecedented protests against a tough zero-COVID policy.
"Beijing readies itself for life again," read a headline in the government-owned China Daily newspaper, adding that people were "gradually embracing" newfound freedoms.
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Authorities have been loosening some of the world's toughest COVID curbs to varying degrees and softening their tone on the threat of the virus, in what many hope could herald a more pronounced shift towards normalcy three years into the pandemic.
"This might be the first step towards reopening," Hu Dongxu, 27, told Reuters as he swiped his travel card to enter a train station in Beijing, which has also dropped the need for tests to use the subway.
As they waited for news, some people, wary the virus might now spread faster, rushed to buy COVID antigen kits and fever medicine and market regulators issued warnings against hoarding and hiking prices. read more
Both of the city's airports also no longer require people to test to enter the terminal, state media reported, although there was no indication of a change to the rule for a negative test before boarding a flight.
https://www.**********.co.uk/articles/q-a-with-harwood-capital-ceo-christopher-mills-dce2152/
v o x m a r k e t s .co.uk
Significantly undervalued.
Sellers are most probably the shareholders who sold their companies to ASTO and got freebie ASTO shares. Seems they have already dried up.
Risk off day and EAH gets sold off by PIs.
Intrinsically, the company is in excellent shape with china pork prices doing well and RoW performing strongly.
A genuine mulitbagger from these levels.