Member Info for TrekMadone

IQAI - tanked for 300k funding. Anyone on the sidelines it’s defo worth a punt. Anyone in like me….ooouch over 60% down and a real hit but but but. It’s still a realistic moonshot and I would have a go if I wasn’t fully invested and maxed in there.

I may add later with divi income wait and see.

Should be better news to follow. I maintain 10p target end of year.

Still … Trev’s probably got a new motor!

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Trek

It’s not the 300k, it’s the behaviours and now it questions what royalty payments they have had from IB or whether that has all been absorbed.

Surely GE would stump up 300k just to look at IB ffs! WTF they playing at.

They really need to hit the market quickly now with some explanatory RNS that makes sense of why they needed 300k to close the gap else it’s just taking the pss.

‘Necessary to fully leverage fast track designation’ is just management speak for we fkd up the previous options and the directors ain’t funding it themselves!

Atm you cant even sell 10k shares without going to broker for pot luck.

Whilst all is not lost again it’s the money on the sidelines that is the smart money. I defo would take a chance on this only because TB is such a manipulative so and so he will exit with something but I am fully invested atm. Based on TB 1.6 is probably an average of his options but more for time. So I still think worse case losses should be limited to 2p range but wtfdik!

Must say I didn’t expect this, now need news quickly and lots of it!

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Trek

Hi Mike,

I must say I am extremely disappointed at the way the SP in IQAI has been manipulated down recently. I have supported the company for many years due to the fantastic work it is doing and yet it’s now succumbed to the greed of the directors that completely takes advantage of PI’s!

All this time we have been led to believe that the SP is significantly undervalued and that the directors at one point we’re looking to buy back our own stock. Now this a placing significantly below the recent 5p just when I added following all the good news.

Then Trevor flips knowing exactly what is coming dragging the sp down. And that’s after he said he would provide any funding via CLN’s!

It’s absolutely disgusting the way you guys behave!

It’s ‘only’ £300k + broker fees and that’s after the bod led the market to believe it would meet any short term funding needs!

Don’t get me wrong I am fully aware of the risks of investing but I expected that to come from the science and not lifestyle directors!

Shameful behaviour!

————

We’ll just as well switch off and hope this is just short term while they land something!

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Trek

He1, just watch the mcap imo and set your exit(s) there.

I only have small amount left now. Well up overall though. I mean high 5 figs!

If I still was trading it I’d be looking for 100m, 125m and 150m exits.

All I have left now is for the 200m prize but like I say it’s just a few shares. If it gets there happy days but if not….no worries. I think this last lot is around 0.37 so it doesn’t matter as they should sit in the blue.

If there is a run I may sell and balance out IQAI where I am down but not out and still confident. So can play one off against the other. Will wait and see what unfolds!

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Trek

I would have dumped my tech/ai stocks now. Rates can kicked another month. Nvidia too high an expectation.

I am hoping CRWD gets hammered now as too frothy like I posted before. Could see a good entry soon. Let’s see

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Trek

No mention of bond finance. Not even a nudge and a wink.

On 5th Jan RNS and the 26th Jan RNS they gave a heads up on both the loan extension and that the bond financing was progressing.

Given that we should now be closer to the end of the ‘satisfactory conclusion of discussions with interested bond investors‘ then why no mention at least especially given how nervous some investors are and following some large trades last week.

Don’t get me wrong the second had equipment is a great result but they just don’t make it easy for folk to make decisons. It’s fine wanting blind faith and trust but you gotta earn that through timely delivery!

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Trek

Graphene,

DCTA have been using it in apparel for years! Also in fire retar-dant clothing among many other things. Like asphalt enhancers, oil filters for refining and air filtration as well as batteries. The. There is the military stuff!

Graphene takes many forms - poor article by indi

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Trek

At the moment it’s £12k ish before one pays tax. An incentive to get folk into work would be to start paying at like 17k and shift that lost revenue further up and have more steps so it’s fairer and smoother. It’s an incentive to work and everyone pays the same tax but it gradually ramps up.

My sister in law is a teaching assistant on a very low wage yet pays tax and would be better off on benefits but chooses to work. That’s just an insane system!

Anyways that’s my point.

As for pensioners not really thought about that one. A pensioners income is a difficult one to fathom! Could also argue the state pension triple lock is unsustainable. Which it is.

At the end of the day like any business it comes back to revenues and productivity. If the economy is firing and the taxes are flowing in due to increased efficiency and growth then happy days. But we never seem to get that mix and just mortgage the future and accept poor productivity in return in its various forms. Borrowing to pay the bills should only ever be a short term plan.

The tories despite their rhetoric have become as good at that as Labour and worse insofar as they will not close the loopholes that favour their super wealthy voters. But no doubt in the round labour will soon take it to a whole new level where more get paid for less and those that can contribute the most just bugger off leaving the rest of us to foot the bill.

Oh for a happy medium eh!

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Trek

I have no idea what the factuation about income tax/ NI cuts are.

Looking at the state of this country it’s the last thing we need!

I get rebalancing tax so folk can earn much much more before paying any and then introducing a ski slope to net out the same. But no such common sense will ever prevail!

I get business tax should be a balance between encouraging growth and investment.

Seems to me both parties come up short on both issues.

Trek

Hi max,

I haven’t run a dummy trade here for a while and was NT to sell last time I did. Not bothered recently as fully loaded and quietly confident.

It’s odd that they will still take 350k.

Sometimes they will drop a price to encourage sells if they have a buyer and conversely pop a price if they have stock to offload as that encourages buyers.

But atm I think it’s just normal drip drip on no news. But wtfdik!

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Trek

It is indeed strange but it is down on low volumes. £3200 of sales result in 8.5% off the mcap of £4.73m today.

That tells me the MM doesn’t want the stock. That’s a reflection of the poor comms so far by the company.

But it doesn’t necessarily mean the end game has changed for a variety of reasons.

But at the end of the day we don’t know and the BoD ain’t helping!

I still maintain that the events here are timebound and we are in what is a huge trading range of 1.8p to 5p ish. So nothing is unusual.

KS who is the real driver here goes about her business agnostic to the SP and delivering. But others like Mike and TB have different roles and indeed they should be stepping up given the expectations that they have set.

Come whatever my view here is to review the end of this year and I won’t be surprised to see 2p and 10p along the way.

As always timing is key with these investments and I am pretty psd having added following the previous good news.

But also the trouble here is Sod’s Law I sell to get cheaper and more news lands!

But I don’t blame anyone for trying.

At the moment I see little has changed. Folk get bored. It’s still jam tomorrow and still a realistic moonshot opportunity. Just look how Hemo moved recently and we have less shares and are on a clinical trial. Not waiting to start one or even fund one!

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Trek

After some thought I am going to go 50/50 with mine.

I agree with your conclusion re insti’s coolbeans.

I think they may well take the option and Rusty wouldn’t have proposed this without consulting them.

The 5% over vwap could be shown as a technical profit and likewise thereafter they can average down on their holdings or reappropriate funds. No idea if the end of the tax year will influence their decisions but we do see strange happenings in the last quarter.

I just hope all the effort results in sp improvement.

I held plus sometime ago 2020 I think and their BB’s meant just about every trade had to go to the broker as there was no stock in float. It took ages for the BB benefits to kick in and they are still buying stock now. Current they only have 79m shares left on a mcap of 1.4bn. It’s the only stock I know where the mm puts trade sizes of zero through!

My point is that in this market even if you buy the company back through BB’s it don’t always seem to matter! But at least with DEC they have a huge divi which gets underpinned and it helps the decarbs.

Plus divi is less than 3% as they favour BB’s. When they finish buying back stock that money should go to divi’s which would be the time to buy back in there imo.

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Trek

For those that follow Bloomberg supply lines this isn’t surprising…..

“ The Board has concluded that there is likely to be a shortfall in revenue in 2024, leaving the outlook for 2024 significantly below market expectations. This is based on recent order intake, revenue performance and discussions with customers, particularly within the Healthcare and Industrial Technology sectors, which confirm unusual, temporarily soft demand conditions and destocking. These softer trends have also emerged within our direct industry peers.

In early 2024, we have seen, as expected, the continuation of the ongoing cyclical slowdown in the Semiconductor Manufacturing Equipment sector and we continue to expect conditions in this sector to improve as the year progresses.

We now expect to also see a slowdown in the Industrial Technology and Healthcare sales, driven particularly by customer inventory movements. These markets are not typically cyclical for us. The slowdown in 2024 is driven by customer stock movements as they reduce their inventory in response to shorter delivery lead times.

In general, we expect the weakness we are currently seeing to be relatively short lived and indeed there have been some more encouraging signals from certain customers, especially for 2025, in recent weeks. The timing and speed of the recovery is hard to predict however. We expect 2024 to be significantly second half weighted with an improvement in trading as the year progresses.”

Trek

I still don’t think Eurozone get it.

Ukraine is on our doorstep anything the US does should be a bonus. The fact that we cannot sustain a defence of what let’s face it is a pretty small scale European incursion is actually pretty damming of our policies!

Let’s hope Trumps words prove to be the catalyst to get some woke fingers out else it’s just opens the door to polarised extreme views and worse!

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Trek

Hi Evi,

What we will hopefully soon have here is a similar effect on DEC sp to what happened to unhedged producers during that last gas price rally.

Their share prices went nuts as gas went from 2 bucks to 15! Ok whilst we won’t have exactly the same meteoric rise as our income is capped nonetheless the impact compared to peers should be similar.

With gas below 2 bucks the only shows in town will be hedged. Those whose breakevens are above 1.8 (most) will encounter some tough decisions.

Like they say the cure for higher oil prices is higher oil prices, so the cure for lower gas prices is lower gas prices.

Now DEC having a huge advantage need to box clever and catch the next cycle of hedges where the market takes into account the collateral damage of a sustained period of low prices. Higher prices two years out. Perfect!

Indeed that would have a utopian impact on our model as we stay the right side of the price cycle!

Ii I were short I would actually cash out here and go pop it on an unhedged producer. There are plenty!

Incidentally my substantial (for me) position in TXP is also the right side of the gas price and news will be flowing through their pipes over the next few months. It’s one of the reasons, like here, why I invested.

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Trek

Historically proven investment timing is to buy indices during a recession then sell in boom times. Looks like we have had the former for some time but I think you have to go way back to 80’s and 90’s for the latter and the best run.

Chart looks interesting though. Next wave should be up on an ‘impulse wave pattern’ basis!

https://tradingeconomics.com/united-kingdom/stock-market

https://www.investopedia.com/terms/i/impulsewave.asp

If so buy ftse100 and just dabble in the rest. Big stocks move first and you can bag huge inflation busting yields atm !

When the ftse100 starts closing with an 8 the money will follow. Funny how it is when now is the contrarian buy imo.

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Trek

There will likely be a few more piggy backing the gas price. It’s sooo low atm. But ironically that should benefit Dec as many unhedged producers would just stop selling at this price!

“ US natural gas futures fell to as low as $1.59/MMBtu, the lowest since June 2020 after the EIA reported a smaller-than-expected storage draw. Government figures showed US utilities pulled 49 billion cubic feet of natural gas from storage, less than market expectations of a 67 bcf draw as warmer-than-normal weather kept heating demand low. The report also showed gas in storage is 15.9% above the seasonal norm. At the same time, the ongoing shutdown of a liquefaction unit at Freeport LNG's export plant in Texas means more gas will remain in the country. Moreover, meteorologists predict that the weather will continue to be milder than normal until March 1. Looking ahead, analysts expect producers to reduce output in 2024, following the sharp decline in prices.”

https://tradingeconomics.com/commodity/natural-gas

Trek

Retail sales were expected to decline 0.3% in January, according to economists surveyed by Dow Jones.

This is breaking news. Please check back here for updates.

That’s a massive drop and well disproportionate to guidance

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Trek

Looks like that smart move following that orchestrated drop which did not seem to be related to selling in any volume was to do nothing or buy the dip.

Worth noting though that 490 offered the support/resistance and not 500p (yet)!

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Trek

The SP hasn’t dropped following every xd. Last one it was same, it went down afterwards. Often in the past after a few days it’s recovered. Other times it’s dropped or dropped more.

No one can tell. And that’s not just for DEC, other quarterly payers often hardly move on xd like sepl. The difference here though this time around is the size of the quarterly divi.

The results also follow the xd so any drop could be short lived either up or down.

The company are hoping folk take them up on the offer so they can buy and cancel more stock and punters will use the cash to buy more stock if it is indeed cheaper.

It will be interesting to see how it plays out.

Never a dull moment here eh!

Usual caveats

Trek