Https://invezz.com/news/2024/04/05/iag-share-price-forecast-according-to-the-city-of-london-experts/
Https://www.cityam.com/starling-bank-poaches-ovo-boss-to-be-chief-executive-ahead-of-planned-ipo/
Https://www.ft.com/content/9b120706-17eb-46c2-983d-53cf1e2f88fe
Https://www.datacenterdynamics.com/en/news/ai-chip-maker-graphcore-in-talks-over-400m-sale/
Slow mover but certainly getting there. Big gap to fill around the 80p level if you look at the two year chart. Good thing is that it seems retail sales have been picking up which could add momentum.
https://bigcharts.marketwatch.com/quickchart/quickchart.asp?symb=UK%3APROC&insttype=Stock&freq=1&show=&time=9
Hoping that we will see a breakout from this trading range shortly and an attack on 100p
Https://www.investmentweek.co.uk/news/4170630/peel-hunt-upgrades-chrysalis-potential-catalysts
The analysts argued that the "market has been slow to recognise the potential catalysts on offer" for a portfolio that "typically responds positively to catalysts, either at the portfolio or the company level".
Zeus Capital initiated coverage. Make an note of some of the things they say:
" We estimate Chrysalis’ stake in Starling could be worth 33% more, equivalent to an additional 9.6p of NAV per share. Further, we think Chrysalis’ stake in Klarna could be worth c. 80% more (£169m), equivalent to an additional 12.4p of NAV per share. This uplift in Starling and Klarna would increase NAV per share by 15% to 165p, making the Chrysalis shares trade at a 52% discount. We see no reason why the carrying value of other major assets is too high, particularly as the interest rate tightening cycle in the UK, US and Eurozone comes to an end and discount rates start to fall."
" Furthermore, on 5 December Chrysalis announced it had visibility over a disposal that would add 5.5p per share to the Group’s NAV at 30 September 2023, which we estimate could result in an inflow of £56m if it relates to one of its three medium sized investments (see page 16), taking cash to c. £75m"
Https://www.bnnbloomberg.ca/klarna-ceo-on-the-evolution-of-digital-payment-tech-1.2025080
If it does this on the Klarna IPO then it will probably hit 100p when Starling Bank floats
Analysts at Shore Capital reckon the lack of share price movement, and the consistently low valuation, has been led by the group’s debt pile.
In December, Marston’s revealed that at the end of the 2023 financial year, its net debt sat at over £1.1 billion.
Its market capitalisation sits at £210 million.
Yet, Shore Capital argues the market is failing to account for the “optionality held on the balance sheet”.
The London-listed company’s flexibility arises from both its £2 billion property estate and its 40% stake in the Carlsberg Marston Beer Co, which brews brands like San Miguel and Hobgoblin.
Marston’s also trades on a price-to-earnings ratio of 5x and a 65% discount to its net asset value.
“With current trading resilient, ongoing margin improvement and deleveraging targets, we continue to see the valuation normalising over time,” Shore Capital concluded, before rating the stock a ‘buy’.