Member Info for SlowLearner

Hi Eva1989 ... haven’t been in HOC for a while but has always been a good share for me. Watching from the side it looks like it’s bottoming out to me and a good time to enter - do you agree?

Sad day with the sale of DT Ultravert … the great hope that got me to invest originally. I'm with you Leemuu that there is potential in the pharma play and hence am sticking with Zoetic.
Did any one else notice the 400k shares that went through at the close … they showed up on London Stock Exchange (but not on trades list here) ?

Good RNS on the imminent share buy back … nice concept if its part funded by div's from Sunfire. My read of the RNS was that there was also cash and poss sale of assets, eg Sunfire shares to fund the buy back.
Either way, having just exited SPD after a lucrative share buy back (2 tranches took it from £2 to £3 in past few months) I have topped up my holding here as I see the same potential for a buy back to address the current discounted market cap. I cant see it making the 2.5p of the Director's Interview but I am hoping to get over 1.8 from where we are

So it's made £3 … 11 days before the closed period so unlikely to get a new share buy back tranche at £3.50 or £4 before 25th Oct ... closed period through to December interims (was 13th Dec last year) ... hence am guessing we will have a couple of months of flatlining

I'm not sure he ever stood much chance on the court case with the level of landlord support unfortunately.

On Cambridgeblue's question - MA is on about 62% of the company but each buy back is relatively small 10m shares=c.0.2%. I don't think he is trying to take the company private - it makes his assets illiquid and stops his opportunity to make a profit from trading shares. If you look at his track record over recent years then there is a pattern that could be explained as: bad news (inc negative PR) dropping the share price … then a period of 2or3 share buy backs (using up the strong cash flow from the business) getting the share price up (often coupled with better news from the company) … and then MA selling £100m or £200m worth of shares at the higher share price. Net Net he ends up with the same % but has received £100-200m pre-tax in effect using company cash flow of only £60-100m that if it had been dividend'ed out then he would of only got his 62% share pre-tax. Watching his share buy backs over the last 5 years has been interesting

Indeed … announced another 10m shares up to £3/share after the AGM … runs through to 25th Oct closed period but could get to £3 price cap before that. In previous years, when that happens, they have sometimes announced an additional buy back up to a higher price. I'm not sure what appetite there is for the share without a buy back

Its not a smooth ride but 214p to 248p since the latest share buy back started on 29th July. It's max 10m shares up to £3 and finishes on 10th September. Feels like it will keep climbing till 10th … could get another nice 20% rise in by then from Friday's close. Day traders paradise.

Thanks ReoninV, much appreciate the feedback and assessment … refreshing honesty compared with many other boards.

I am looking at renewable technology businesses and new to AFC … can any LTH's give me a head up to how the company has performed and what its opportunities are? Thanks

I don’t post often despite being a long term/suffering holder of ovb/ovb so as keen as anybody for the sp to reflect the underlying assets (poly shares, cash, and operations) but let’s stick to facts on this board and then nobody will lose sleep over penniless pensioners

I agree that the brief 7am rns was laughable in terms of the 2018/2019 typo and its brevity. However reading the later RNS and spending some time researching then there is a lot to the company and technology they are investing in, eg from http://www.publicnow.com/view/3926AD367E0B34591AF0EC78CC6E39BEDF74278D) .
I agree with your concerns about management historically - they haven't exactly been busy in the last 4 years however the results back in May and RNS again today have some of mgt leaving and the statement that more will go.
Thus I see this as the changing of the business from a cash shell (former miner) into a biotech/pharma business … clearly a big shift and I can imagine a bunch of investors will exit but the bios for the new management and their proven track record in pharma has me staying in (and hopefully getting the upside of a special div from the surplus cash/assets and sale of the gold asset … don't forget the market cap is still way under asset value even after the $6m investment)

the summary that they have published (http://www.publicnow.com/view/3926AD367E0B34591AF0EC78CC6E39BEDF74278D) includes a lot of interesting information - eg IVIX has had over $6m investment to date … despite the very brief RNS first thing (and the 2019 typo) there is a lot to this acquisition and we have a new strategic direction. The new board directors are impressive. Biotech wont be for everyone but I can see this now getting back to asset value (Poly shares and remaining cash) before moving beyond reflecting IVIX

http://www.nationmultimedia.com/news/Startup_and_IT/30318025

There is a fair bit more info on line now in connection with the new non-execs that have been announced. Eg one of theme is the creator and mentor to the IVIX product

Its got resistance in 14-15p range … not surprising really looking at the 2017 rally. I can imagine it could take another couple of goes to get through as there will be PI sellers at that level.

The craziness of how undervalued this share is means that even if the full $6m investment in IVIX goes to zero then assets (cash and Poly shares) are still more than the market cap!!

Exciting times
Management were clear in the previous statement they were looking for opportunities outside of the traditional areas. Additionally they referred to potential management changes … 3 of the existing execs/non-execs came with the gold asset so I can imagine they will be looking to exit potentially buying back the asset in the process.
Today will be interesting.

Thank-you Andrew. I'm in with 2.195m shares and will email you now (that my heart has recovered from the penalties)

I agree Manxdragon … its is a month since the May results announcement including the covering statement "have the financial firepower to make a decisive move, which I anticipate we will announce soon." My estimate back then was that it would be minimum 4-6 weeks before we hear news (otherwise they would have announced it with the results).
Hence I believe we will hear news in the coming weeks … its OVG, so it could become months, but its coming!! Assets = 20-24p share price before they drive further value from new projects!!

Yes Cliveas, it looks like most have either not noticed OVG's RNS or are waiting for the announcement.... problem is after the announcement it may be too late to buy in. More chance to snaffle up shares at 10p

Indeed ... and don't forget Ovoca have a gold asset (that they have estimated needs gold at $1400 to mine). In terms of announcements - I think we are a few weeks away (as anything in the very near term would have been accelerated so it could have been released with last week's RNS). I can see an announcement of a split of the company / sale of the gold asset/special div and a refocused business with additional/new management and a potential acquisition (away from gold and oil). Either way I am enjoying the fact that the sp is only moving slowly up as it is giving me a chance to hoover up some more shares

So 4-5x buyers to sellers today .... feels like a good and typical day for coming weeks (steady growth with some profit takers) whilst more PI's spot the opportunity here. We are still >2.5x cash/poly shares to market cap so a long way to go before the announcement promised in last week's rns