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No director transactions? What do they know?
Well it’s been speculated we have been talking to Neptune. I would be amazed if that’s still not being considered. But away from that there is no way with the cashflow this biz is throwing off we are not looking at buying other assets. For example shell currently marketing their North Sea gas assets around for sale. They offering 50% stake in the clipper hub and leman alpha complex with price speculated at $1bn. We could buy them out of cashflow this year.
If you have read the cap markets presentation from December you will note the comment “ diversify and grow via selective investments and displined m&a” and that harbour “will seek to acquire production with undeveloped 2p resources”.
Slide 14 is dedicated exclusively to M&A opportunities.
- over $80bn of assets for sale in mid term as majors look to shift strategies to green agenda.
- harbour say they have limited competition for these assets as they have strong balance sheet, geographic flexibility, and keep highlighting they have a track record of integrating LARGE scale M&A.
Any negotiation on large M&A would prevent any directors adding shares. That’s my view anyway.
Lay an egg? If this gets near 6 quid I will sell up and I will buy a a boat, a plane, a big **** off house by the sea and surround myself with liberally moraled , fickle super model types that just want to be with me for my money. Enjoy your egg.
Cash out stop losses are for pussies
This will be up massive today
$200m valuation for just that single 100 % owned subsidiary.
Current mkt cap £110m.
This is gonna Fly.
Lycra and Hugo on board. Multi multi Baggerover next few years.
Comparing joules, a mid to high end, largely bricks and mortar, high street brand that sells yummy mommys wellies and gilets for her kids hugo and kitty in Henley on Thames with boohoo is like comparing a an apple with a goat.
The SP does not reflect the true value of the company?
It’s does not reflect ANY value of the company. The sp reflects a cash shell with no innovation, no IP, no products, no sales, no visions, no staff, no leadership, no market presence, no distribution, no brand, no office, no fixture or fittings, no working capital, nothing apart from the cold hard cash it holds in its bank account etc etc
In Canada you get a 5 min trading halt if the price moves 10% in a 5 min period. You also get freeze limits which are not publicly communicated but will halt trading if executing an order would cause the share price to move through that freeze limit. During the halt the trader or brokerage is contacted to make sure the order is correct.
I doubt it. The rns mentioned m&a and so did almond in his interview.
Hypothetic acquisition.
Use all our cash to buy biz that makes 10m ebitda for 10x ev ebitda = 100m. Make 5m of synergies from the acquisition and the pro forma combined biz with Novacyt for 2022 would be what? Maybe 18 + 10 + 5= 33m ebitda?
Would a biz with 33m ebitda trade at 130m enterprise value. Nope. It would trade much higher.
This is what I am getting it. People are assuming that we just put that cash in a skip and burn it. It’s has HUGE optionality value. Most business would die for it!!! And should produce huge IRRs for the company.
I sold half on last spike around 400p (before it touched 500p) which was about 20 percent down. I just put that back in so averaging down. I do that with confidence cos I know what I am doing. I dont need your sympathy or concern for losses. I do pretty well in this game due to the fact that I can’t take money out of your pocket and put it in mine. How’s that chart looking?
Yes. Cos a large portion of the 70.6m shares Novacyt has outstanding are held by complete buffoons who started day trading during covid but have absolutely no clue how to invest or value a business. They herd invest and buy themes but have no clue how a share price is linked to fundamental intrinsic value. So they see a headline and go with the herd as they know no different. They can’t take a contrarian view as they have no ability to connect the dots and value the biz.
As such they sell and go buy crypto which is also a herding toy for pump and dump morons.
This company. At the price and valuation. It’s free money.
Newbee you absolute dip **** it was 10p as it had net debt of 8m at the end of 2019. Are you a total ****ing moron? We just spent the last 2 years making ONE HUNDRED AND ONE MILLION of cold hard CASH. We own that cash. It’s in our bank account.
Does your chart tell you that we are going to
Put that cash in a skip and BURN it? As it’s there. It’s real. And the share price is irrelevant as mkt cap and share price make no adjustment for cash on balance sheet. You need to look at enterprise value.