The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.
Agree Mandelo, but KMK paint this as good news - the fact that existing customers are buying more (and of course it is) but one of the underlying weaknesses of this business is its inability to convert new customers. With world beating tech they should be licensing their products and knowhow for proper sustainable growth. First mover advantage does not wait for a gradual roll out. They need to get on with it.
https://www.thetimes.co.uk/article/rugby-stars-george-kruis-dominic-day-medical-cannabis-pioneer-68rwmjqx5
Drive to make all CBD mainstream out of UK
https://stocknessmonster.com/announcements/mxc.asx-6A1022327/
Not everyone a fan - Tempus says:
Argo Blockchain
Whatever you might think about bitcoin, the digital currency’s ability to generate excitement among investors is undeniable. The price of bitcoin has rocketed in recent days, surpassing $48,000 as it was spurred higher by a $1.5 billion investment by Tesla, the electric car company.
Interest in all things cryptocurrency has spread to related companies, including some listed in London. Among them is Argo Blockchain, shares of which have risen by more than 28 per cent since Tesla disclosed its bitcoin backing earlier in the week.
Bitcoin, which is based on computer code and has no physical form, was created in 2009 as an alternative currency in the wake of the financial crisis. Its supply is finite — limited to 21 million units — and it has to be generated, or “mined”, by highly powerful computers.
Argo Blockchain was founded at the end of 2017 by Peter Wall, 45, and was listed in August 2018. The company is the only London-listed cryptocurrency miner — it generates, stores and buys and sells bitcoins — and has more than 16,000 machines in locations in the United States and Canada. For an investor, the shares represent an alternative way to gain access to bitcoin as the company’s revenues are obviously linked to the value of the currency that it generates.
There are lots of good things about Argo Blockchain. It communicates very openly with its investors, publishing a monthly update on the amount of coins it generates (93 in January) and the revenues it makes as a result (£2.48 million last month). Investors don’t have to go through the complex process of buying bitcoin directly and the efficiency of its machines compares very well with unlisted rivals.
The company will have benefited from the bitcoin rally and its annual results in April are likely to show a comfortable profit. Yet it is a play on a highly speculative and volatile currency that has demonstrated its ability to crash hard and fast as well as to catapult higher. The shares, up 12½p, or 10.7 per cent, to 129½p, are valued at 181 times Finncap’s forecast earnings and there is no dividend. They are not tempting.
ADVICE Avoid
WHY Its earnings are underpinned by a highly volatile currency
Underwhelming is right. I've held these for 5 or 6 years, I must be mad. They have a fabulous land bank and great partnerships - you would think they would know how to sweat it by now. Really gutted I did not sell on Friday. So many better companies to invest in.
Inland rocking of late:
RNS Number : 4136D
Inland Homes PLC
26 June 2019
26 June 2019
Inland Homes plc
Major Planning Application Approved
Inland Homes (AIM: INL) ("Inland Homes", the "Group" or the "Company"), the leading brownfield developer, housebuilder and partnership housing company with a focus on the South and South East of England, is pleased to announce that its planning application at Cheshunt Lakeside, Hertfordshire has received a resolution to grant planning permission subject to the signing of a Section 106 agreement.
The masterplan will create a new "urban village" comprising 1,725 homes, 19,000 sqm of commercial space together with the provision for a new primary school. Inland Homes, together with its equal joint venture partner, owns and controls 1,253 residential plots and 4,905 sqm of commercial and educational space within the masterplan area with an estimated gross development value of £620m. Inland Homes is the lead developer on the broader masterplan, which it is working with the council to deliver.
A Section 106 planning agreement will be signed by the parties as soon as possible which will release the planning permission within the current financial period, ending 30 September 2019.
The planning approval at Cheshunt is a major milestone for the business and in line with its strategy of acquiring quality land in areas of high-demand, where Inland adds significant value by securing planning permission and then seeks to generate value for shareholders through a mix of selective in-house development and by providing a turnkey solution for development partners.
The delivery of the first phase of this project, comprising 195 units as part of a reserved matters application, will be brought forward at the earliest opportunity.
Stephen Wicks, Chief Executive, commented:
"I am delighted with the positive decision delivered by the planning committee yesterday. Cheshunt Lakeside is the largest planning approval obtained by Inland Homes since its incorporation and a major milestone for the business.
"The development of what will become a new "urban village" will sit in 8 acres of landscaped grounds, together with the creation of a new Public Square, shops, cafes and offices close to Cheshunt Station (25 minutes to Liverpool Street) and will create a superb environment for residents and businesses alike."
Market Abuse Regulation
The information contained within this announcement is deemed to constitute inside information as stipulated under the Market Abuse Regulation (EU) No. 596/2014. Upon the publication of this announcement, this inside information is now considered to be in the public domain
Enquiries:
Inland Homes plc:
Tel: +44 (0) 1494 762450
Stephen Wicks, Chief Executive
Nishith Malde, Finance Director
Gary Skinner, Managing Director
Panmure Gordon (UK) Limited
Tel: +44 (0) 20 7886 2500
Dominic Morley
Erik Anderson
Instinctif
That is more like it. I've held for years buying a few more each quarter. Super portfolio of land brilliantly located in the SE and a business that is now motoring - with its in-house construction team - delivering where subbies previously failed. Share price now needs to follow. The 6% rise today will do for starters.
https://www.prweek.com/article/1525605/jurys-inn-hotel-group-books-new-uk-pr-agency
Yes Gotrader life at Publicasity, very welcome....
The Directors must wonder what they've got to do to move the share price on this one. They deliver in spades, the NAV is unreal, the divi is significantly raised and the market shrugs its shoulders. What might it take to actually get lift off on this. Surely its a total bargain. I hope Simon Thompson rides in on his horse in the IC to sing the praises.....Someone please!
Oi Oi, I agree its a most frustrating share to hold - given its resistance to move ahead of 70 (before rebounding close to 60). It seems to me that INL has an awful lot in place to become a really strong business and there is no doubt about the potential for Beaconsfield. They have a very valuable piece of land there that could be transformational if planning favours them. Simon Thompson is a long time fan and I have been in and out for 4 years like you. The divi keeps me in together with the belief that it could hit £1 in a year. But of course I might settle for 80. You mention Fever Tree. As an avid GnT drinker I baulked at the price when it was first listed and ever since was waiting for the drop. Probably why I am not an investment manager. I get vertigo looking at the charts. Happily I piled into IQE at 18p so I am not quite suicidal.