RE: 10 bagger here on contract news23 Apr 2021 19:10
I completely see your perspective JP. And I am personally grateful for the effort you put in. I am sitting on losses, though nowhere near as far down as many PIs. My feeling is that things generally take *much* longer than anyone guesses when you are doing something completely new. And as someone else commented there are some complications in getting the necessary ducks lined up: volume production outsourcing, big contract(s) for big customer(s). And someone else commented today that the UK govt PPE tendering scandals may be a factor in delays too. I imagine InnovateUK are pretty firmly behind the mask but obviously they are not in charge of NHS tendering.
So I am still optimistic and expect this to come good. And in the meantime I am happy to have been able to buy masks for myself and my nearest and dearest. For me this a *huge* positive. I have a very dear vulnerable friend who has been assiduously shielding and the mask feels like light at the end of the tunnel.
I guess academics routinely use words which normal people don't understand. I was nonplussed by this word in the RNS too. I am happy to offer translation services to the BoD, translating science into everyday language is a core part of my day job.
Yes, I've been tempted too, but have a pretty big position here. Am sitting on a capital loss approaching 30%, but not too worried. Have had good dividends which partly offset the loss and I do expect this to come good. BH does seem to be very shrewd.
Very happy to have a decent weighting in this stock!
Broker initiated coverage yesterday: BERENBERG STARTS OFF STRIX AT 'BUY' (Sharecast News) - Analysts at Berenberg initiated coverage on kettle safety manufacturer Strix Group at 'buy' on Wednesday, branding the stock as "a strong cup of tea". Berenberg said with a well established and large market share, sector-leading operating margins and "exceptionally high" returns, it thinks Strix has "many attractive characteristics", especially with the company now "rapidly expanding" into adjacent markets - water filtration and other small domestic appliances - which should add substantial scale in the coming years.
The German bank also believes Strix has strong environmental, social and corporate governance credentials, which it said were "arguably currently overlooked" by investors.
"Considering we believe Strix can double revenues on a five-year view, shares appear significantly undervalued at 17x FY 2022 price-to-earnings ratio," said Berenberg, which started the stock off with a 330.0p target price.
"At a 37% discount to peers, we believe shares are mispriced and believe there is a material rerating opportunity as the group delivers its growth ambitions and the ESG story evolves."