Member Info for Takayama

Samval - apologies, my post isn't addressed to you personally. It's a general post with a general point.

Samval - I think the difference we can feel is there is intrinsic value being created from this buyback. With every day that goes, as traders sell, their fingers burnt (sorry guys!), or banking the small profit they have, MY share of the portfolio increases. There'll come a point where this'll pop - and pop upwards. It's obviously not sustainable for the SP to continue to fall. There'll come a point where there'll be a wider realisation (beyond chatboards and beyond the simply buyback) that with every Xp of share, you get to hold 2Xp of wealth - or even 3Xp of wealth. A successful liquidity event will certainly help focus on a reasonable NAV per share! Then we'll get more people (including traders) happy to hold at those higher levels. Personally, I hope we get enough people selling now for this to fall to sub 2p! I've no idea what stovepiping of information there is between/within brokers with a buyback like this (you get my point, right?), but if we can get a few million shares at sub 3p then bring it on!!!! The brokers will certainly have earned their crust in my book if they can tempt people to sell in a falling market like this, only to buy all their shares at bargain basement prices! It's going to be really interesting for the next four months if it continues like this! A target price range between 1,8p and 2,8p for the buyback to complete successfully would be an amazing result! Especially if it is followed by another buy back! I just hope I haven't put people off from selling and banking their profit! It's nuts as a strategy for a company to pursue (at first glance), but it certainly seems to be working! I haven't seen it work this well anywhere else. Blue chip buybacks have hardly any effect on SP it seems. Sell, sell, sell your SEED shares everyone! Except for me of course!

I think the buy back is going rather well, better than I had imagined. Less shares in circulation is the key now rather than the buy back immediately increasing share price. You'll all know all this anyway. Imagine if you remained as the sole shareholder after all the traders have bought and sold even if it did need all the cash to buy all the shares in circulation. Back to reality, the SP is likely to continue to fall, and I hope that previous volumes permit enough buying at those tiny low levels for Ed to announce another buy back in three months. Perhaps for up to 20% that time. Can you imagine 30% of shares out of circulation for £2M?!! I'd suggest a limit on cost rather than a limit on overall volume. If we get an average of 3,5p, or less this time, so much the better - £100k or more to return to the kitty rather than in the hands of traders (sorry guys)! And the NAV per share has gone up disproportionately to the money required for that to happen. And we've still got more than four months to play with! Happy days!

I hope so. At the moment , it looks like one large seller offloading. Could be Leckeeman? But if it was, it all starts to sound a bit odd that somehow he bought such a large stake a few days before a share buyback was announced only to sell a little later. Any stakes accumulated in the last few years outside Leckerman were tiny. So it would be unlikely that it’s a small time PI. Time will tell… .

Not if they continue at this rate. It’ll be over in another eight days. Not sure I’d want them to buy in a falling market and so predictably - it looks like a straight transfer into the hands of someone….. . Whoever is in charge doesn’t really seem to be making particularly timely purchase decisions….. .

My guess answer to your question is ‘yes’, and my guess for the first bit of buyback was that £10k trade at 12.29

To be a sheep is to follow the herd…and to folllow the trend. A reasonable investment strategy. No shame in buying back in at this point. Gla.

Just listened to Sunday Roast: Is it the case then, that there is a bottom at 6p here then? Buyback up to 6p and support at that level until the £850k runs out? So in fact, this is almost a one way bet up to 6p? Is the idea therefore for the business to whip up enough value so that a further drop (after the £850k has run out) is so unlikely? I'd be surprised if it takes £850k to get this up to 6p, even with short term flippers selling out, the way this is structured. It's increased by, what, 25% or so just on the announcement of a buy back? That gap between the market and the target price of 6p will gradually get smaller (albeit iteratively with the flippers selling for their small profit) as shareholders cotton on to the one way bet nature, if this is a one way bet. And hopefully at that stage, we'll have a lot more value in the company with whatever liquidity event or new investment. And we'll get the enterprise value of the board going upwards too. Momentum? 10p here we come? If anyones got any figures on the value of buys (it's only a month's worth of trades) that have got us to this point, that'd be an interesting snapshot on the liquidity of this share. Of course, no indication of things to come, but interesting nonetheless. What did Leckerman's holding cost him? Around £250k? And we've seen a doubling in SP with that (with the additional momentum upwards it provided helping of course).

Reefles. Useful post. Thanks for taking the time.

What ever guys. It’s a buy back, it’s making people feel good, and that my friends is ‘sentiment’. Maybe more important than the buyback itself…. .

There’ll be a lot of PIs who will buy in also at 3/4/5 p only to sell at a small profit. SEED won’t need to use all the money I bet. They’ll buy when people are foolish enough to get bored (and we see a dip) because after all, the NAV (last stated) is 6p. What we have here is a bottom, and one that’ll please a lot of people. I’m sure even Samval will find pleasure in discovering this bottom.

Nothing disingenuous about my ramping! 😜

I hope you all held on to your shares and didn’t sell on this slight dip! How soon until we get to 6p do you reckon?!!!!

Wow!

Cfg produce the most sustainable palm oil alternative (the ip is in the yeast strain that feeds of food waste ) and is properly scalable- the others rely on alternative crops-so you’d still need to clear land for them. And remember palms are THE most productive per hectare. Looks like a good bet to me.

Samval-I hope he doesn’t confirm or deny anything that may affect the share price. The difficulty is that in real life, delivery of promises is the difficult bit and you start to lose your credibility if you fail to deliver, even if there are extenuating circumstances. And enterprise value here is all about credibility. So personally, I hope it’s a quite dull event.

I get that some people are profit taking around here. If you jumped in at 2 p or thereabouts, why not? It's been a good ride to here. But ultimately, we're still nowhere near NAV. There's still lots of room on that front for more profit. The other interesting thing is about getting someone with a large position: It isn't in their interest to flip quickly - a large sell will send the market spiralling downwards - possibly beyond their buy in point. Thus I guess LECKERMAN is in for at least the medium haul, having spotted the value. If the MMs spot his selling out at this point (and others'll follow his lead), then I bet they'll push the SP down to below his entry points pretty quickly. He'll just lose money. Too risky and so unlikely. Again, another reason to believe trajectory remains upwards.

There's plenty of space left for money to be made up to at least NAV. I'd reckon a rise for something like the next month or so?

Dags- fair point

Dags - Always good posts from you. We may disagree, as I disagree with IG, but ultimately, yes, we're all in it for the same thing. My guess is that it would get back to close around NAV without a buy back anyway. And in the longterm, that's better for the company. Mellon and Ed are both considerably wealthier than I am, so my guess is that they are better at spotting unicorns than I am. I'd rather they invest my money than I get it back for a one week hit only for the SP to fall when everyone sells after the buyback is announced. I still fail to recall when Ed said a buyback is definitely on the cards anyway, and the difficulty is that if it doesn't happen (even if the board never said it would), that's another knock for the board - and another hit for 'sentiment', however unjustified it may be. The value (inc enterprise value above NAV) is IN the board, so I'd rather the board were quoted accurately.