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CDT just released news...... funnily enough if CDT moves up so does VELA. But if its just charts then CDT should not have any bearing on VELA as the charts don't rely on news or fundamentals as you have said previously....
Yes, unfortunately like the bulk of our investments we are heavily underwater. The upshot being that some have bounced off their bottom. MWE actually has paid us a dividend in the past as well!
MCap - £2.6m
Value of investments and cash - £5.05m
This is a discussion board. If all we spoke about was charts then there wouldn't be any chat. If charts are your thing then good on you.
Back to the facts of this share:
MCap - £2.3m
Value of investments & Cash - £5m
Currently valued at 45% of the asset value.
All at time of writing.
Hi Postman, everyone is entitled to their opinion. Most of the negativity is towards the BoD and rightly so.
I would say ramping with complete misinformation is worse though. Remember you saying VELA kept the royalty agreement for AZ1656 on top of getting the $4m worth of shares......
Mcap - £2.324m
Value of investment & Cash - £5.35m
Currently valued at 43% of assets.
What we are seeing is the result of an inept BoD and company which is so poorly run its a joke. We all knew they would be selling other investments to pay themselves but we are also seeing them selling at lows and realising losses. ENSI for example has been sold as recently as this year for around 48p, their SP today is 73p. They had the opportunity to sell some CDT at over $5 and provide some much needed funds but they decided against that.
As ever, all hopes are pinned on CDT and they will continue to sell other investments for losses to pay themselves until (hopefully) CDT comes good.
Hopefully Chris Cooke has a plan while he accumulates shares.
All figures are at time of writing.
Still here but there is more important thing in life then watching this company being run into the ground. Terrible RNS as we knew it would be. Continually selling existing investments at losses to pay for the terrible board to run this company down. CDT remains the only hope.
Look forward to the issuing of new shares to pay for the £50k they spent on advisors. Remind me what we are paying the BoD for again?
Completely agree Bouncer, although you have to factor in the number of mistakes the BoD have made and continue to make. They could have sold some CDT shares to cover costs but decided to gamble and that hasn't paid off as they will be selling other shares at a loss to cover overheads now.
The website is not up to date and around a year out of date. The quarterly reports are often 2-3 months after the quarter end which could be forgiven if our BoD were hard at work, but as mentioned we haven't had to invested in a new company for 9 months and we have no cash to invest anyway, so what exactly are the 3 directors doing to earn their cash?!
Such a frustrating share because if it was run correctly the outlook would look so much better.
Completely agree Jim. they have no skin in the game so why would they care what the SP does, as long as they still have investments they can sell to pay themselves they will keep it going. Laiker had skin in the game then proceeded to be able to offload all his holding at a premium to the SP at the time. It feels corrupt!
Yeah I've been thinking the same. I can blame the BoD but they aren't asking me to stay invested! In fact judging by their actions you would be forgiven for thinking they want us all to sell!
Hard to see any positives here currently and based on what Dave posted, doesn't look like there will be much going on with CDT for the foreseeable. Imagine if the BoD had actually sold some while the SP was over $5 - should of, would of, could of
Ltd Axis - our average is over 50p for CSFS so still a way to go yet but definitely nice to see it going in the right direction.
As far we are all aware the cash position of the company is next to nothing unless they have sold some shares. I think they would need to RNS any significant share disposals in CDT so assume they haven't sold any of them which is unfortunate as we could have sold some over $5 but now the reduction in the CDT share price heavily outweighs any gains in our other investments. We also have no cash to invest in any other shares so all out eggs are effectively in CDT basket.
Exactly Dave, that is the question that needs answering but we will only find out the answer when we get the next quarterly update when they detail what shares they have sold to fund company costs.
I have been very consistent on this point that the BoD should have sold some CDT when it was increasing. even 100k shares at $5 would have yielded £400k which should fund the company for a year. Instead it looks like we will be selling existing investments at losses, meaning we are evermore dependent on CDT. It's a shambles and that's why no one is investing here.
Its a combination of everything. The lack of comms from the BoD, the bad investments which they have watched go from highs all the way down to all time lows, the accidental investment in TSP, investing the last of the cash reserves meaning we have to sell some of the older investments at a substantial loss etc. We are valued over £2.5m below our investment value which would not be the case if the Market had trust in the BoD. Our CDT investment alone accounts for the MCap let alone the other investments totalling over £2.5m. Although what have the Board sold in the last quarter and this quarter, time will tell....
Yeah could be. The way i see the state of play currently is :
We have an MCap of £3.25m and investments totalling a combined value of circa £6.1m. (at time of writing)
VELA has no debt but also no cash! Most of our historical investment have bottomed out and hopefully will start going the same way as CSFS and see an upward movement BUT the most important of all is the CDT investment which still currently sits at a value of c. £3.6m which in itself is more than our MCap!
Obviously Chris Cooke sees the value and has continued to buy so lets join him!