Member Info for sharesaplenty

Its like taking candy from a baby. That's why I've taken advantage with another BMN purchase today.

Well that's me topped up again today, a good opportunity to bring my average down. Making my ISA even my BMN lopsided whoops!

The predictable drop to the placing price. This has little to do with Saga value and more market sentiment. My crystal ball says it bumps around 12p until placing and then slowly rises over the coming months (after SP consolidation is factored in). Unless covid19 vaccines and other liberties which enable cruise holidays to return, then the SP will jump up.

Just to stimulate some discussion to help form a common view. From those of you holding Saga shares, who is and who isn't participating in the 12p share placing purchase? I'm swithering at the moment, for me would be a good opportunity to heavily average down as underwater.

Thanks bassguy

So maybe behind others here so forgive me. I notice the Eskom BESS bids close this Friday.
https://www.miningweekly.com/article/eskom-initiates-procurement-process-for-first-large-scale-battery-energy-storage-system-2020-08-04
Any idea of the timeline of when winning the successful bidder gets announced? I assume BE/BMN is the red hot favourite here.

Thanks Mark

Mark, would this 58p calculation you've done be at the previous 25% or the current 20% Israeli effective tax rate?

Thanks LionelGreen, if what your saying is correct then the MM's have picked on the wrong AIM company in BMN to control the SP in this fashion. They are going to take a nasty hit with the naked shorting approach you've outlined. It might work OK for other AIM listed firms but BMN is making money and I can't see them need a cash call or placing.
BMN shares are one to buy and hold in your back pocket to watch the V demand and VRFB story unfold over the coming years.

I don't buy the MM conspiracy theories pegging down our SP.
Simple economics of supply and demand dictates that if the demand of investors to buy shares is in excess of willing for holders to sell the SP rises. If enough of us LTHs sit on our hands and the forthcoming good news rolls in our SP will go north as demand for BMN shares rises.
Its as simple as that, keep long and strong.

Interim results out Tuesday not Monday next week. But undoubtedly we're going to see some nice numbers. A big fat dividend as well will be announced I expect.

Likewise Diamond lover, I have a buy order set at 11.40p and its still not executed by my broker. The current buying price is puzzling?

Any chance BMN can capitalise on the £3bn 'green jobs plan' announced today by the chancellor? £2bn into making homes more energy efficient and £1bn for public buildings. Given the competitive cost advantage for power storage and charge/discharge cycling efficiency versus rivals we need a VRFB sales force to seize this opportunity!

Me too Bassguy, too good an opportunity once it snuck under 14p. My top up just now with a further 14519 shares bagged.

Yes good question to put to our CEO. Offloading Lemur will unlock new funds and investments to help lift our woefully undervalued MCAP. Many of these investors/fund managers have strict rules about supporting any fossil carbon related businesses despite the clear benefits that VRFB will enable. Sooner BMN can offload Lemur the better in my opinion.

There lies the challenge for BMN when you compare to IES, how do we create greater intrinsic valuation for BMN? Moving from commodity to a technology focussed business where the attention is not on cost but on value created in the service/product provided into the market. If BMN can do this the MCAP/SP will head for the stars.

MEM, you held BMN shares 5 years ago? How on earth did you make a loss when selling out recently given the share price going back in this time period was around only 2p-3p range. Defo a trader.

No problem MEM and I wish you every luck.
Its clear now you are not an investor but a trader. That's fine, but BMN is not really a great place for trading it is however a stellar investment. If trading in mining stocks is your bag then GLEN is probably a better shout than BMN.
Good luck to you and wish you every success.

Ye MEM the SP has dropped this is a combo of V commodity drop and wider market bear activity due to covid19. Today I think its possible to be critical of BMN's value being linked to V wholesale markets. Slowly but surely the tech offering of BMN will come forward and when it does the SP will rocket. This is an investment to hold for a 2yr min, if you want a quick buck trading look elsewhere.

MEM agreed the SA link with BMN is probably a cause for the intrinsic value in MCAP to be below par. Also agreed JSA may not give the SP lift that others think it might and better PR extolling the tech rather than raw material aspect of BMN's business offering will help convince the wider investment case.
But disagree that any time now is right to withdraw any holding from BMN. Frankly doing so is bonkers when the downside is so small but the upside is massive. BMN have the answers for low cost scalable power storage, the demand for VRFB is going to hockey stick in the next few years as will BMN MCAP!!! Also BMN are playing the 'success through others' with the vertical tech offering and holdings in Invinity and others supplying VRFB products directly into the market.