The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
That is interesting, Lewbo. Share price is falling yet when I asked for a quote to buy 1.2 million shares off me - no hesitation, they were more than happy to buy them without demanding a discount. 1.2million is half the entire reported volume for the day so far so its a big number. Of course, I didn't sell!
XSG share price 76p. Down from 241p a year ago. 600p 3 years ago. 28,000p 5 years ago. They are your model for long term shareholder wealth?
The only reason they are up so much today is that there valuation is basically nothing. After the rise, their market cap is £7m. Their share price would double if the CEO found a forgotten gift voucher at the back of the filing cabinet.
You complain about SEE downplaying the contract values yet XSG's RNS does not mention any values at all. Would that be better?
What a day. Invested in AGL for many many years and have always been proud to do so.
This is not the end, it is not even the beginning of the end. But it may be the end of the beginning.
I haven't been on this board much in recent years but popped back given the significance of the day. Hope all the old hands are still here. See you at the AGM... I think we may have trouble getting as much face time with Andrew now!
Was convincing the world he didn't exist.
There is a time for publicity and a time to quietly follow your plans for world domination (mwha ha ha ha) (apologies for repetitiveness but I love a bad laugh) while everyone looks the other way.
If you think the board are idiots, you should take your money elsewhere. If you think they know what they are doing... this might be the stock for you,
You must think there are smart people running SEE or you wouldn't (or shouldn't) be invested. If so, just trust them to run their strategy. They know they could shout about all customers etc etc but they choose not to and they'll have their reasons. We should remember that the leaders of SEE are playing a complex game of chess that leads to world domination (mwha ha ha ha) and we can't necessarily see the whole board or know their whole strategy. To mix metaphors, they will be playing some of their cards close to their chests, and for good reasons. By sticking your oar (mixing again) into what they are doing, you may undermine their strategy.... and why do it if SEE are bright enough to make such decisions for themselves?
Hey Phil. I haven't looked at the mileage data but I would note the following:
(i) Your A & B are from different times of year and most haulage is highly seasonal. Your "A" period, for example, could be expected to be a busy time of year as goods are being produced and shipped for the Christmas period.
(ii) The last 2 years has been the mother and father of unusual periods. COVID has caused massive peaks and troughs in activity due to periods of lockdown, shortages of drivers (globally), driver absences peaking and troughing with waves of infection etc etc... There is massive supply chain disruption. Doing any year-on-year mileage comparison is going to be nigh-on impossible with all this noise.
Worth noting the obvious that our revenue is driven by number of vehicles with Guardian installed and not by the number of miles those vehicles drive.
No its not. " How low is it going to go" is absolutely not the question. That question is a question of procrastinators. The sort of person who says "I'll buy the dip when it comes" but usually misses out on buying the dip. As they said on Bloomberg TV today, "To misquote Mike Tyson, everyone plans to buy on the dip, until the dip punches them in the face".
Better questions are (1) " How much lower is the current market price than the real value of this business", (2) "How much is my exposure" and (3) "Do my answers to (1) and (2) stack up with each other, or should I adjust my holding?"
Well if you invested in the first half of 2019, you should be pretty happy - that means you probably paid between 50p and 75p for your shares. If you are not happy with that purchase, I'm happy to take them off your hands for a small premium. 20% gain should be enough to cheer you up so I'll give you 65p-90p a share. I'm feeling generous so I'll give you 90p a share for all of them. Where do I send the cheque?
Except they've already told us what the results are, as the guidance in the trading update is so specific. This should relegate the publishing of the actual results to a relative formality plus an opportunity to do a further trading update.
Its always been my feeling that Toyota would internally develop their own DMS and market it to other car makers in a package with Toyota driving assistance tech.
Before saying anything else - As a SEE shareholder, I'm fine with Toyota developing their own. I do not think a monopoly is in SEE's interests. I believe that regulatory requirement for DMS and mass adoption will only happen when there is more than one supplier (don't get me started on Smart Eye). Regulators won't force car makers to use a monopolistic supplier. My modeling has always been based on their being 3-4 big boys in the DMS market. SEE, Toyota and 1-2 others.
I have repeatedly put my theory to industry insiders and their answers have always been the same - that they know of no automaker that is internally developing DMS with any significant degree of success. However, I just can't shake it. I still believe in my theory.
Beggars belief that the share price is down this morning when analysts expectations have been beaten. Good job I'm not here for one day gains.
Built up a decent holding over the last few months. Have made money here in the past as it seems Redrow tends to be oversold when the market goes "risk off". Looking at the long term history of returns, they are actually quite resilient. Of course there are short term hits from time to time but its the long term that matters when you are using a fundamental discounted cash flow valuation. The long term is even more important now that interest rates are so low so discount factors should be reduced.
41p EPS in just 6 months. 6p divi for H1 alone. Makes 560p share price look absurd.
My only concerns are
(i) recent reliance on help to buy which is ending - but Redrow was successful before help to buy and there is a long term shortage of housing stock so this should be one of those "short term hits" if it is a hit.
(ii) strategy to stop developing in London. Sure we are finding success outside London so it makes sense to capitalise on that, but I would have preferred them to aim higher and try to do both.