Member Info for SlickMongoose

Maybe if they sell the nuclear business, that's what we'll see. Although call me boring but I like debt reduction more.

CAML doesn't half like to zig zag...... For no reason as far as I can tell.

The proven best method for investing is.... buy and hold low-cost index funds. So you're all wrong! Muhahahahaha. I really don't mind if this keeps dropping, I bought in the 120's and will happily do so again if it comes to that, purely for the dividend.

Does anyone know exactly when they relocated their office in Tel Aviv?

As far as I can tell they've moved their registered office about 500 meters.......

They were already offshore...

I don't see the point of that rate of return thing in the document....... How you're supposed to produce that with investments so uncertain (but potentially rewarding) as emerging tech startups is beyond me. Factom could end up being worth $nil or $100bn, or anything in between, and that's just one company.

Yep, i'm in here for the value as well...... When it dropped into the 120's it was too good to miss. High dividend, cash generative and plenty of cash in the bank, strong brand name, ongoing cost savings and debt reduction, all looks pretty good. The political situation, customer loss and restructuring costs are holding the share price down, and that might continue for a while, but the dividend will keep us going in the mean time.

Of course, 50/50 whether we get it.

It's the second point I would have liked a little more guidance on. Ignoring the share based payments, while I don't quite understand how you just miss out $444k of expenses, it would be interesting to know which period they relate to and what their nature is. I assume they are continuing costs, else the company would have stated they were one-off. Therefore they either started in H2, or half of them relate to H1. If the latter is the case, the company is far closer to operating profit than it appears. They made an operating loss of $321k in H2 and if $200k of costs actually relates to H1 then they are very close. However, if this is the case, surely they'd have told us? Maybe i'm just talking nonsense.

Wouldn't surprise me if they decided to be more vague in general following the recent mess. In this particular case, it's not really up to Starcom, it's up to the UN when to announce.

Ahhh, but can he deliver a powerpoint presentation?

Just goes to show the importance of being vague. If they hadn't said they expected to break even in the first place, we'd probably just have seen a slow and steady rise. None of the issues sounded like anything to worry about really, but I hope it doesn't impact their ability to raise cash when the need it.

Starcom do business in a lot of different countries using a variety of different currencies. For example, if they sell an item to Russia for x roubles, they will recieve payment 30/60/90 days later (or longer, depends on the contract) and in that time the exchange rate between the dollar and the rouble will have moved, so the amount they actually receive in dollars will be different than it was when the transaction was agreed. If that debt is outstanding at the reporting date, it will have to be accounted for as an exchange rate difference. It's a real gain or loss, but not really under the companies control unless they pay to hedge currency risk, which they don't want to do. So they report the two numbers seperately. If they only did business with one other country we could estimate the impact, but my understanding is that they do business with enough countries to make that exercise hideously complicated. If they get bigger I would expect them to start hedging, but at the moment cash flow is at a premium.

I think it's from October, they update annually. We probably won't get another update until next October unless they IPO before then.

Not quite, it's diabetic boots..... Which is probably not going to make us rich to be honest!

I don't think Yooya is really comparable, my understanding (I could be wrong!) is that it acts more as an intermediary between advertisers and the video platforms like iQiyi, to try to help those platforms monetise. So it doesn't have subscribers as such. High numbers for all those platforms should be good for Yooya, although I don't know who their competitors might be, or how large their penetration is within those video platforms. Last I heard they had about 3 billion views per month, which sounds promising to me.

I think the other problem is the next OFWAT review, which is expected to cut water bills. I think Pennon still looks a decent buy at this price, though.

If that's accurate.... Centrica are trading at a p/e of about 5.5, with a dividend yield of nearly 10%? Obviously the cash flow & debt position will be important, but still....

Short term share price movements don't really matter though. If one of the investments hits the big time, we make a lot of money. Otherwise, we don't. Pretty straightforward.