The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has been released. Listen here.
No word from Myles McNulty yet he was arranging directly a meeting with Avacta management. Surely he knows something? I suggest those on X, contact him immediately to ask if he has any opinion / update as his silence is somewhat deafening
Rippers! Great to see that you haven’t lost the faith! We’ve all missed you! Like myself, you’ve probably just been holding in the side wings (or quietly acquiring) without getting all worked up like the old Mr Ripley
Please do Mediman. There are plenty of others but I suspect they are paid to do so. The cost of this v the benefit of insurance premium saving won’t stack up for 9’out of 10 home insurance clients (5% is the average frequency of claims pa on a home policy and about 2% of those are EOW claims- going by Uk claims stats). Yes, this solution is an option but only for stressed home insurance clients who cannot get home insurance due to previous EOW claims. This is a very small number of clients guys and we can almost always get them covered at a slightly higher premium (which is not much more than the cost of this tech).
That’s fine but I will certainly not disclose names etc. As an industry we are being inundated with this type of proposition and I’m just telling you, from taking to all
the major composites, that this company are not on their radar! And I wanted to I say I them! That’s me finished with this advice. I’ve only done it for RAH and Myles whom I follow on both this BB and on Twitter (for Avacta only it has to be said). Not a paid deramper and my history will show that. Again, being in the relative low, I will alert if I hear something to suggest that this company (in the Uk) has got legs. Please avoid insults as I don’t see why you would think that is necessary.
As a director of one of the top 10 UK car and home insurance brokers looking for a resolution to the perpetual problem of EOW claims (particularly on home insurance as our commercial
clients can more easily carry the premium increases) I have been extremely proactive in my dealings with the major UK insurers to see if we can bring about a reduction in the average claims cost and claim frequency Escape of Water claims which are hugely costly to the industry and pushing up premiums and consequently potentially making me (by that I mean the business of which I am a shareholder and director) less competitive. I was going to invest in this business (I follow Myles McNulty) on Twitter but when I asked the main industry players in the UK about this company they were either ignorant of or just regarded them as the same as other similar companies most of which have not been able to successfully resolve the problem of EOW claims through early detection. Sorry there’s nothing more positive to report from a UK perspective but that’s a fact. Nothing to say it won’t eventually catch on (I’m really hoping that this company or AN Other can succeed in the UK) but I am not hearing anything to suggest that it will get any traction in the short to medium. This is my only area of expertise so you can choose to ignore or otherwise based on previous posts. Glad I got out of SNG at break even (that was pure luck) but I am convinced that Avacta will be a multi bagger and thus my reference to RAH and Myles McNulty whom are much more educated on Avacta than I am. It’s just advice guys. I will post again on this BB as soon as I hear anything differently in the market.
As someone who works in the UK industry, this share/company is going nowhere… certainly not in the UK and I am in regular contact with claims directors of major UK insurers. Just want to offer this as friendly advice (don’t jump down my throat if they are going to be huge in US where I have no dealings) to some whom I trust on Twitter (I’m a heavily invested in Avacta) such as RAH and Myles McN.
With the two acquisitions plus our own revenue we are generating ~£30million income and if we assume ~ 50% profit margin giving ~£15million ebitda and apply a multiple of x25 (we’ve just paid today x20 for a small business) we can safely assume that on current income levels (even without efficiencies post acquisitions) we could sell the DX division for £375 million. Hardly a death spiral! What you think of that Terry? Appreciate that’s chicken feed compared to what’s down the line for TX but it’s still much added value to the company should we wish to sell that division to PE. No concerns at all from this very happy LTH about our cash runway!
Perhaps but then there’s the likes of me who has just topped up again as this is easily going back to pre SD levels - why wouldn’t it? It’s a nailed on quick buck as well for the short term traders as the SP should never have fallen to these silly levels
Bella, just saw that. We’ll not be long burning through £500k at our current spend rate, lol! The reference to quicker approval for new drugs and how to make the London Stock Exchange more attractive for UK companies was also interesting…
Thank you Rooba. I’m trying desperately to move on here as our investment is completely derisked. I for one will enjoy less FUD and RAMPING on this BB although Tom and RAH’s expertise is always appreciated.
Despite everybody banging on about whether or not this was new material information blah blah blah.. do we really think there will be much movement (upwards or downwards) on Monday? I personally am expecting it to be fiat until there’s a TO/licensing deals (although both seem unlikely in the short term). Chill out guys. The presentation is better than any of us could have hoped for!
Terry Twat, why do you care? You’ve already told us you aren’t a shareholder in Avacta and you same the same thing on the other 20 odd companies on which you post. So very good of you to care about all these anonymous people. You are definitely going to heaven. Caught out again Terry.