Member Info for Stuartrm

To be honest Oogleflugal I am not sure, hence why I said there appears to be synergy between the medical part and potentially the nuclear arm of Avingtrans with Kromek. I am literally flying a kite in the hope that Avingtrans will give the matter some thought and if synergy exists and it is attractive, benefit will follow. If it is a non starter, Avingtrans should of course keep well clear. Just in case other readers have more detailed knowledge and would like to express a view, I provide the following link to Kromek which may be informative and of interest.

https://www.lgbco.com/quoted-landing-page/the-future-of-healthcare/kromek/

I keep hoping that Avingtrans will work their magic on Kromek, which has good products but dismal management. It appears as if there would be synergy in such a takeover so I continue to live in hope, rather than expectation.

Thanks, Acuere. That is encouraging.

FIPP's share price has fallen badly out of bed recently, yet I have not seen any bad news to justify this. Does anyone know why the drop is occurring or is just general market malaise?

The RNS today has given an update on the skilled person review. My reading is that it basically says Javis has work to do, which will be done with the skilled person and the FSA. Jarvis hope to finish that work by the end of the year. The RNS does not, however, provide details of what is needed and what the mpact of the work will be, so we (the shareholders) remain pretty much in the dark. This siggests that the shares will remain decalmed for another 6 months or so.

While such broker vauations are clearly a positive factor, unfortunately I have found that the actual share price almost invariably lags well behind the vauations at best, or is totally impervious to them on most occasions. Hopefully the share price will finally start to climb toward the Allenby valuation but I won't hold my breath.

A net asset growth of 2.4% when inflation is just under 9% is not a stellar performance, although the discount in the share price to the NAV clearly provides a good factor of safety.

If anyone is interested in shares that fall back so that they may be picked up at a lower price, try Kromek to name but one. I generally find that shares that fall back such that they may be picked up "cheaply" have a tendency to keep doing so: Strix has already fallen back far too far for my liking. Personally, I would much rather hold shares that kept rising. In that case I would know that I would make a profit with what I had, and I would be able to make a profit on any more that I might purchase at a future date.

An RNS at the end of March read as follows

“31 Mar 2023 07:00

RNS Number : 8389U

Jarvis Securities plc

31 March 2023

31 March 2023

Jarvis Securities plc

("Jarvis" or "the Company")

Company Update

The Board of Jarvis provides an update on the Skilled Person review as announced in its update on 16 September 2022.

The Skilled Person continues with its review of the systems and controls of the Company's subsidiary, Jarvis Investment Management Limited, and its associated recommendation work, pursuant to s166 Financial Services and Markets Act 200 ("FSMA") ("Skilled Person"). The Skilled Person is currently conducting the review and testing, as part of the second stage of its work originally agreed with the FCA.

The voluntarily agreed restrictions, as set out in the previous update, remain in place. JIML will continue to work with the Skilled Person and FCA with the aim of having the restrictions lifted on its impacted Model B clients as soon as possible.

The Board will provide a further update in due course and within the next three months.”

If the RNS is correct, an update is due today or tomorrow.

A potential 0.4% dilution, if the warrants are exercised, causing a 3.4% (at the time of writing) share price fall seems a bit of an over-reaction to me. Other than that potential dilution, I am not aware of anything else changing and the RNS is generally positive, in my view.

That depends on what you term heavy loads, SmartPunter. Relative to the car itself, the motors and the cables to them, and the charging circuits, carry very heavy electric loads. Performance cars like Teslas have engines with powers in the order of 500kW. Instrumentation, generally, will have light loads. Audio, main lighting, heating and cooling, servo assistance of brakes, steeering, seat position adjustment etc, would generally have medium loads, each of which will be in the several tens to several hundred Watt range. While many of the loads will be intermittent, the cables for them need to be there all the time, so there will be a significant quantity of copper needed. Using highter voltages is most beneficial on the higher loads, such as traction and charging. With the smaller loads, mechanical strength of the conductors will predominantly dictate the size of the cable and hence the amount of copper that will be required. Tricks such as multiplexing loads can be used to reduce the number of conductors but that adds complexity. Hopefully this is clear.

Figures at time of writing. Ask 929.2, bid 630, spread 299.2 (47.492%)! Is that a record?

Should that read “not woken up”, MT?

The last paragraph of my previous message was truncated when I clicked post message. It read as follows:

When shares can be taken from the holder and the holder is effectively powerless to do anything about it, is it any wonder that private investor holders now own considerably fewer shares than they used to?

Rant over.

Following on from KAPE and Metal Tiger, I have just received the following from Barclays Smart Investor

"FOR INFORMATION ONLY

Scheme of Arrangement Notification

Xpediator PLC has announced a Scheme of Arrangement, subject to shareholder approval at the company AGM on 7 June 2023

It is intended that the London Stock Exchange will be requested to cancel trading in Xpediator Shares on AIM shortly after the effective date for the scheme.

Proposed Terms

The proposed terms of the Scheme of Arrangement are:

44 pence in cash for each Xpediator Share. (DEFAULT) Comprised of 42 pence per share and a special dividend of 2 pence

OR

A Loan Note Alternative

What this means for you

Your Smart Investor accounts won’t be able to support the Loan Note Alternative as these are not listed on a UK stock exchange. We will accept the cash option on your behalf.

You can sell your holding of Xpediator shares at any point before cancellation from AIM. The last day of dealings in Xpediator Shares is expected to be the Business Day immediately prior to the Effective Date.

If you decide to sell your holding you will need to follow the normal online dealing process. Online transaction fees will apply. Alternatively, you can sell by calling us on 0800 279 3667 or if calling from outside the UK +44 141 352 3919. Telephone transaction fees will apply. Please note this action may impact your eligibility for future dividends or any special dividend the company may pay.

It is your responsibility to ensure you are aware of any tax implications. Please seek independent tax advice if you are unsure.

Further details on the Scheme of Arrangement can be found on Xpediator’s website https://xpediator.com/offer-for-xpediator-plc/

Important information

We will aim to update your account within five business days of receiving the proceeds. Overseas residents should consult their professional advisers as to whether they require any governmental or other consents or need to observe any other formalities to enable them to participate in the offer.

By Accepting the offer, you will be representing to us the local laws and regulatory requirements have been complied with, including the obtaining of any governmental, exchange control and another consents that may be required and the payment of any issue, transfer or other taxes or duties due in that jurisdiction.

The cash must be available in the relevant Investment Account, ISA or SIPP to take up any voluntary corporate actions. If you have an Investment Account, you may need to transfer cash from your Investment Saver or add funds using your debit card before you can take up a voluntary corporate action.

Please note that this does not constitute advice. If you are unsure of what option to take please contact your financial advisor."

When shares can be taken from the holder and the holder is effectively powerless to do anything about it, is it any wonder that private investor hold

The direction of share price movement is largely based on expectations. Pelatro's results were bad but not as bad as was already priced into the share price, so the share price increases (for now, at least). Presumably QinetiQ's good results were not as good as the market expected, so the shares fell, again at least for now. Obviously in the long term, the share price of a company that produces good results is likely to make better progress than one that does not.

Interesting article, Nutmegmilk, but I would take the claimed lifetime range of 4 million km based on 4000 charge cycles and a range of 1000 km per cycle with a pinch of salt. Battery capacity degrades with time and is typically only about 80% of the “new” capacity at the end of the useful life of the battery. Nevertheless, such a significant increase in the range per charge would make a big difference to the usability of battery electric vehicles.

I suspect that this BBC interview will not help much either!

https://www.bbc.co.uk/programmes/w3ct32g4

The danger is, as the share price continues to plunge, the Directors will ask themselves whether they need to pay such a high dividend. If the divident were halved to yield about 5%, the yield would still be relatively attractive. What would such a dividend cut do to the share price, though? Given that the share price seems to be on a bit of a downward spiral at the moment, the answer might be "not a lot - the spiral will just continue". How can the spiral be arrested? Well, the only way to encourage buyers is to increase the dividend, which seems unlikely to happen, or to provide some news that the market finds attractive. Let us see which, if either, happens.

Power = vots x amps. If the volts are increased from 12 to 48, for the same power the current falls by 75% to a quarter of what it was on a 12V system. This does not mean, of course, that only 25% of the copper would now be needed if the operating voltage quadrupled, as sizing of conductors is based not only on current carrying capacity but on mechanical strength of the conductors, but there would be a significant saving on the heavily loaded circuits. In short, a 48V system will result in a significant reduction in the copper needed in an electric vehicle, compared with a 12V equivalent machine.