Member Info for Stuartrm

The drop in asset value since the end of 2021 has been sobering but the unit price drop has been even greater owing, presumably, to investors losing faith in the fund managers. When the asset value per unit starts to rise, as surely it must at some time, hopefully the discount to asset value will reduce and the rate of unit price rise will accelerate. Will this result in a virtuous circle? It should do and we can but hope.

The results are certainly promising but there is still a loss of 0.4c per share, albeit this is much less than last year. One may expect a significant rerating once (when?) the loss becomes a profit. Until then, the 8% share price rise at the time of writing seems to me to be a good reaction.

The Hyland news article states that revenue might drop by 15% next year. The RNS states that modelling of a 15% drop has been undertaken to verify that borrowing facilities are adequate. The two things are very different. Perhaps the drop in share price today reflects the news article rather than the RNS.

I have sympathy with your view, ShearClass, but I do not necessarily think that the two methods are mutually exclusive. Chartists are, as I understand it, essentially looking for momentum while you and I are looking for value. We all know that stockmarkets can be erratic, to the benefit of momentum traders, but eventually value will be recognised. One just pays one's money and takes one's choice in how to trade. For me, I will stick to value and risk losing the short term rewards (and thumping losses if one gets it wrong) that chartist trading may bring.

Avingtrans came to my mind as a potential buyer, although I have no idea if they woud be interested.

With the planned end of free lateral flow tests in the UK in April, the need for a Kromek style test system to detect any new variants of Covid must surely be enhanced considerably. Hopefully Kromek will mobilise all available resources to bring this message rapidly and loudly to Government and the media.

A bit more on Falk and Wilbert. https://www.google.com/amp/s/insideclimatenews.org/news/07112021/lithium-mining-thacker-pass-nevada-electric-vehicles-climate/%3famp
It predates Mosquito Squadron’s article but you may find it worth a read.

Wikipedia, https://en.m.wikipedia.org/wiki/Thacker_Pass_Lithium_Mine contains a lot of information about whether or not Thacker Pass will be granted permission to proceed. It seems to me that the jury is still out.

Perkaps BATM themselves will comment on the short attack, or get their lawyers to do it for them? That should steady the market, one hopes.

If nuclear warheads start flying we will not need Kromek’s detectors to make us aware of it!

The factors you have identified are certainly relevant, Pernix. Here is some background reading, if you are interested. https://www.ft.com/content/d307ab6e-57b3-4007-9188-ec9717c60023

Another potential risk is China invading Taiwan at the same time that Russia invades Ukraine. Potential wars on two fronts at the same time, with or without intervention by the USA, will probably destabilise the markets still further. As if Covid was not enough of a problem. We live in interesting times!

Perhaps it would have been better if the Board had quantified the financial loss, rather than said it was not material. An exact figure is probably not needed but "less that A$ X would have been useful. Investors could then judge for themselves how material the sum is.

My view of the detectors was that they would be used in the walk through scanners that are similar to the usual metal/explosive detectors (a glass box with siding doors where one adopts a specified pose) that are in common use at airports. If the detector sniffs what it thinks is a virus, the person is taken to one side for a proper test. If it does not detect anything the person is free to proceed. Quick simple screening. Not fool proof but much better than nothing and suitable for fairly quick mass screening.

With the discovery of the new Covid strain, this should be a golden opportunity to get a Covid screening/detector system to market.

General market drop because of new Covid strain in southern Africa, is my guess. Main markets all down about 3% at time of posting.

The comments about delays in payment resulting in a higher payout are valid, but my comment was in response to compounding. The more quickly the payment is received, the more quickly one may reinvest in new cases to get high returns. Any uplift in fees as a result of delayed payment will, presumably, be related to a percentage above Libor, or some other base rate, which will be small compared with the potentialearnings from investing in a new, successful, case.

While the returns are high, if one wins, the legal system is slow. Money is therefore likely to be tied up for a long time (several years in the UK) in each case before judgment and any return materialises. With that caveat in mind, I have still increased my holding today.

A useful development at JCB
https://www.bbc.co.uk/news/uk-59107805

This report supports your post. https://www.bbc.co.uk/news/uk-59107805 Hopefully it will be one of many.