Member Info for SGD27

Discussion including Craig Martin (Dynam Capital Chairman)

https://www.**********.co.uk/articles/vietnam-the-best-is-yet-to-come-fe5d06a

We don't seem to be getting daily NAV RNSs any more. However, it's still being given on their home page
https://ibtplc.com/
and the HL chart (30 Mar post) is still being updated.

Correction : it's Q1 not Q2.

Holcim Q2 results today, here's a snippet from the analyst call. This is the CEO, Jan Jenisch, answering a question about M&A :

"... to share a small secret with you, I think at the moment we have about ten bolt-on acquisitions which are in due diligence or in the offer phase, so you can expect a bit more action from us here over the next months ..."

May not involve us of course, but you never know... At least it shows that the sector continues to be active, deal-wise.

https://www.holcim.com/media/media-releases/q1-2022-results

~15:30 into the Analyst Call Replay.

Hi chique,

Yes, NAV in December won't mean much, will it, given the hits we've taken since (LogicBio, Harpoon, Imara). I don't know why they can't provide more frequent NAV updates, say weekly, or even just monthly. By comparison IBT provide them every day, which has the added bonus that HL provide SP+NAV & Premium/Discount charts:
https://www.hl.co.uk/shares/shares-search-results/i/international-biotechnology-trst-ord-25p

If you're on speaking terms with them, perhaps you could suggest it :-)

Annual results (over)due now :

https://www.lse.co.uk/rns/ARIX/closed-period-notification-q86krodcmbj9hss.html

"... annual financial results for the year ended 31 December 2021, with an expected publication date of early April, to be confirmed."

Dates for previous years:

09/03/21
10/03/20
28/03/19
23/04/18
28/04/17

Very good update in the circumstances.

https://www.lse.co.uk/rns/OXIG/trading-update-9ytv0v0mvo6tiba.html

Discount to NAV is getting quite wide now. Any theories?

https://www.hl.co.uk/shares/shares-search-results/i/international-biotechnology-trst-ord-25p/share-charts

Re the offer, also see today's (2nd) RNS :

https://www.lse.co.uk/rns/GCL/notification-in-regard-to-subscription-rights-fte5qt3dhilzulb.html

Mr Quakes has a theory about the discount:
https://twitter.com/quakes99/status/1508839521776852997

https://www.yellowcakeplc.com/wp-content/uploads/2022/03/Yellow_Cake_Investor_Presentation_March_2022_Final.pdf

NAV/share on 15 March was 437p, based on U at $54.5/lb.

04:37: "We have a number of companies looking at it, some of these fall into the category of, you know, being CRMCs, concrete companies, and it includes a company that's in the fly-ash distribution business which is the material we're looking to replace."

The obvious guess for the distribution company is the new one that took over the Boral NA business, Eco Material Technologies Inc.. (So new that their website is still under construction:
https://ecomaterialtechnologies.com/
)

These charts have now been updated for yesterday's big rise :

https://futures.tradingcharts.com/chart/UX

https://www.tradingview.com/symbols/COMEX-UX1%21/

https://twitter.com/numerco/status/1501860544289988610

The economics of the CS project carry a heavy dependency on trucking costs, so the price of oil being twice what it was a year ago is clearly problematic. We may have to wait for it to come back down before we can get an acceptable deal.

I think it's quite telling that the new pozzolan project, Hazen, is very close to a railway.

According to google this page was modified (created?) 18 hrs ago. The new Myrtle project had a very brief mention in the Results in December.

https://www.sunriseresourcesplc.com/myrtle-gold-silver-project

The principal CRMC we have been negotiating with has been described in RNSs as "internationally recognised". CalPortland would certainly qualify, as their parent company, Taiheiyo, is Japanese. Here's their version of the announcement:

https://www.taiheiyo-cement.co.jp/english/summary/pdf/220301.pdf

I should have read a bit further before posting - Tehachapi, which is arguably the more relevant of the two cement plants for us, is only in "preferred arrangements" for potential sale at this stage.

MMM have just announced that CalPortland are the buyers for the Lehigh West cement & ready-mix operations that they had put up for sale. It's pleasing that this has happened so quickly, in case our deal is in any way waiting on large deals like this to be resolved.

https://ir.martinmarietta.com/news-releases/news-release-details/martin-marietta-sell-certain-west-coast-cement-and-ready-mixed

Perhaps CalPortland could now use a source of high quality pozzolan to complement their new purchases?

(See earlier posts in this thread for background.)

Posted by lawn91 on advfn :
https://www.bloomberg.com/news/articles/2022-02-24/ubs-triggers-margin-calls-as-it-cuts-russia-bond-values-to-zero