Member Info for Scoobydoo321

Per stocko -
Market Cap £27.25m
Enterprise Value £18.82m
For its world class IP + c£10mn in cash.
Taking the proverbial.

Basically - this is an illiquid stock - it moves fast up and down.
A few sells today and it's gone down 15%
Joke!
The Company has not put a foot wrong, yet getting absolutely hammered.

It's not on the news - I do not think. It's based on the expectation of the Fed hiking interest rate, which affects discount rate and therefore the valuation of growth stocks like Vrci.
But once again, I get it if Tesla and the likes are affected, but Vrci is hovering around £40mn MV which is an utter joke for its IP. We are not a billion dollar valued company.
Enough of my rant.
Just as easy it went down, upon good news, hopefully it can go up, upon commercialisation traction.
Chris Mills must be tempted to privatise this given its current valuation.

Just imagine that this company is offered to a venture capital right now - what type of valuation would it worth? Defo not £40mn - for sure. My guess, £100mn+

< £40 million (c MV) for their IP is a joke.
Honestly, would Chris Mills be willing to sell this at £40 mil?
Why punters are putting this together with the billion dollar valued companies over in nasdaq beggars belief.

Ahead of expectations....excellent recent TU....a few weeks reaches 139p - with such a low PE going forwards - now at these levels below placement price. The world has gone mad!!! Keep buying IMO.

Tax is for profits from today - so prorata if during the FY

The tax will take effect from today, 26 May 2022, and will be legislated for via a standalone Bill to be introduced shortly.
So - it's not on previous retained profits

MV c £45mn
EV c £35 mn

With our IP - this is seriously peanuts.

Apparently - some IG punters got a belated message from IG that there is a risk that this stock will be delisted (w.r.t Arden Partners - which was old news) - and these punters may have panicked inducing sells today. Mighty kind of IG, since I used this opp. to buy back in.

Emailed company to enquire when final results out - no reply yet.

Given YE 31/12/21 - I would imagine finals should be very soon.

"EMA approach will be informative for surufatinib…..let’s see if there is a difference of opinion."
Jatw - do you know when the decision is due from EMA?
TQ

Hi ISA,
You mentioned - "so we should get strong April figures next week"
What do you mean - a TU?
The quarter TU is at the end of the month - is it not?
Thanks

Precisely - hence why I've added.
Now is the time to buy - buy low sell high

Thought this was only moved by the forces of gravity - my gosh the last few days - WT... !
Flummoxed
Nice to see it's going the way that it should be going.

Sorry - got muddled up - you're right.
Should be a good 'un

TU out on 29th April - this Friday

GL not that we need it given the cash they are milking from op!

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!