Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Beyond ridiculous these sellers for the SP to drop under 12p - potentially selling at a loss and the NAV is currently 31p or thereabouts
Https://twitter.com/research_tree/status/1663459029241274368?s=46&t=3ZXXBCVHIGL6AqCk1d1HSw
It’s free to register using your email address to read the full notes.
Outlook: TEK’s current share price is ~12p, translating to a market cap of ~£22m, ~52% lower than the reported NAV and ~55% lower than the current NAV (including the placings post year-end). There has been a great deal of commercial activity at each of the portfolio companies since year-end, creating additional upside in the potential return to investors over the reported NAV. We continue to rate TEK a Buy.
Mine is ok oddly.
On another note, SP Angel released an updated broker note, tek is still a buy according to them.
I have emailed Mandy strongly objecting the AGM being held virtually. It is high time to go back to normal and invite shareholders to a face to face meeting like what most companies are doing. The board needs to face the music with their apathy towards the current shocking SP.
Something is brewing with Lucy, back over $3
Why not email Clifford. He might buy after the full results RNS as I think they are currently in a closed window period.
We already have a partnership - this one is a new retailer that we will find out soon
Disagree with you katstranger - we are still in a bear market. I don’t need to explain it. Once the inflation is under control and the interest rate starts coming down, the market will recover. H2 of this year onwards will be a defining moment for TEK with the IPO of microsalt and guident starting to blossom. Lucyd is expected to outperform with good sale figures of their latest chatgcp glasses.
?
https://twitter.com/investormeetco/status/1651511597456654337?s=46&t=3ZXXBCVHIGL6AqCk1d1HSw
There’s a LSE ‘Privacy’ icon near the bottom - click that and use ‘Reject’ to switch off the ads. It worked for me (at the mo!)
Microsalt IPO in H2 means fewer dilution with just guident left and I think it will either be sold or IPO in 2024. In theory, tek would no longer need to do any more placing from 2024.
Also sadly it’s frustrating to hold of the majority of stocks, no fault of TEK. We are still in a bear market.
Standard response from robotic Mandy
There were no regulatory requirements for us to do so and the change was not considered material enough for it to warrant an RNS.
We own 70% of Lucy shares
And…guident to come too. They are on the cusp of announcing potentially significant news based on their good progress to date.
Tek is not allowed to sell Lucy shares until at least H2 this year (I think).
Yes they do (around 70%). We will be quids in when tek decides to sell lucy shares at some point in the future and a bumper special dividend for the shareholders.
74% up pre-market for Lucy
Erm….not sure if you are looking at the correct webpage as the innovative eyewear website owned by lucyd display all glasses selling for under £200.
https://lucyd.co/collections/sunglasses-collection