Member Info for shuttts

Are out tomorrow...

...what I'm anticipating seeing is that the capex due to the new factory is complete, and from here we'll see better financials - we're flying out of the storm clouds towards the clear blue sky - but there might still be an itty bitty tad of turbulence still.

At least that's what I'm hoping for.

Is out today.

I tried to buy some of these last week, could only deal at 200 shares, and they were wanting 2090.

It seems quite illiquid, and I'm guessing they'll also squeeze you on the price when you sell too.

That's what Victrex is starting to feel like, I hope I'm not wrong about this company but it's hard not to feel that way at the moment.

New 7 million Euro contract for LEO customer.

This has got history repeating written all over it. Back in the beginnings of mobile phones they were in the right place, with the right products, at the right time and the share price 20X'd.

This time it's right place, right time, right products as LEO network being built. Not saying the SP will 20X, but I think it's got a few multiples of where it's at now ahead of it.

Just bought some at 41.99 - I'm looking at longer term, think they will do well.

Wish me luck...

I noticed the comment in the results "expect full year profits to be ahead of expectations". I believe that is the most important bit :)

I think that there's something obvious about this that I'm missing, so I'm going to splurge my thoughts here and hopefully someone can fill in the blanks.

As I see it, Dohler want to control what happens, so they've bought a big chunk to (IIRC) take them from under 3% shareholders to about 18.99%, and for that they paid 305 per share, 15p above the Natara offer, which in itself is a huge statement of intent - they are clearly NOT playing games here.

They've then kept on buying at 255-265 to eventually take themselves up to 25% shareholders.

That gives them not just a lot of clout in the outcome, but probably they can actually determine the outcome - and it's cost them £40 million+ to do that.

Right now they are probably £5 million DOWN on that investment.

If they block the Natara bid, and the shareprice drops to sub £2, then they'll be £14 million+ out of pocket.

There are only 2 possibilities:

1) They do want the Natara bid to succeed;

2) They don't want the Natara bid to succeed;

If it's (2) above - well it might well have failed anyway, and spending £40+ million to make sure it does, knowing you'll be £14+ million out of pocket afterwards seems a crazy reckless way to go about it, unless there's some financial benefit to doing it, like, maybe, in the future, when the share price is, say, £1.50, they can come back and offer £1.90 per share; Then it's not -£14 million, it's +£lots of millions because of the overall savings.

If it's (1) above, then they'll pretty much break-even (or make or lose a small amount) on accepting the 290 offer, but why do this? Some people might imagine they might already have some kind of understanding with Natara, whereby we'll make this happen by controlling a huge chunk of the shares, and in return we get ???

I can't see what they get out of it in the short term by losing £14 million, unless in the long term that loss will disappear.

It's all very odd. My brain cannot compute it. Hopefully yours can.

Problem is that with the latest poor results, and a failure of the Natara bid, the share price could be £1.50-£1.60. There's no way Dohler would then offer £3.05, they might only offer £2. If the company is going down the tubes due to poor management and losing key staff, then there might well be no one else interested.

I think they want the natural fragrances/flavours part, but it's possibly the most valuable part, and probably Natara want that too, so it's 2 competitors both wanting the same bits - why would Natara go ahead if they have to give the secret sauce to a competitor, and why would Dohler lose £14 million just to scupper a deal, when it would have been easier to just bid if they wanted the whole company?

They clearly don't want to spend that much, nor acquire the whole company, maybe they've worked out a way to get the valuable bit they want for a fraction of the price, by creating a scenario where they can cherry pick rather than buying the whole pie?

I don't know, I'm just brainstorming, but superficially at least it makes no sense (because we can't see the plan).

So,

Dohler have almost 25% of the company, and since they've been buying chunks at 305, and more chunks between 255-265, they must have spent c.£40 million to acquire less than 25% of a company whose share price today, after more Dohler shenanigans, is worth £140 million, so they're about £5 million out of pocket.

If they block the Natara bid, the share price will probably drop to sub £2, say an optimistic £1.90, then Dohler would be around £14 million out of pocket.

Clearly they aren't dummies, and there's a plan in operation here, so the question is - what is their objective, and what is the plan??

WTF is happening today? Cash offer on the table and share price dropping like a stone.

290 - does this trigger any of the Dohler clauses where they can bid? Not that they will.

The stock market is officially completely bongo's

I knew I should have sold yesterday.

Copied from the other site (yikes):

Shore Capital downgrade forecasts for FY26 and FY27

"We now look for EPS of 21.8p (previously 31.1p) for FY26F and 23.3p for FY27F (from 35.2p)."

Maybe I should have held off buying in here... hindsight and all that.

FFS!

Any thoughts on the numbers & state of play?

What do people make of the results then?

These SpaceX orders are heading towards full year turnover size. It's also for the new tech, this could blow up in a big way over next 18 months or so.

I had the same feeling