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It remains to be seen if they have actually been woken up THGambler, they will actually have to start engaging with shareholders first (after their advisors have told them the bleeding obvious). I'm with Topprize in thinking that consolidation is a good idea but not now whilst we are trading at rock bottom. There are positives to be had, cash balance was slightly better than I thought, the EnSilica deal looks really good to me and I imagine that Ariestech will also IPO during H1 which I feel will do well. Any SGCS deal will have to be looked at as a lovely bonus now if it comes, personally I've written it off in my mind for now, but it could be a sleeping giant even for another novel respiritory disease in the future, who knows? VELA has certainly become a long term play (it was for me already), I'm still confident of a decent return over the next 5 years.
scraping not scarping
Yes it's an interesting result. More shareholder engagement would of course be very welcome indeed, I don't think that anyone here disagrees with that. I'm ok with the consolidation not passing, I do get that it makes the share a more attractive proposition for institutions and larger shareholders, however I do think that the market can be rather irrational and that consolidation would give the SP more scope to drop (I know that it shouldn't make a difference) whereas right now we are scarping along what must be the bottom, or near as dammit.
'our' buy in. 'series' of errors. Ham-fingered today clearly.
Cornerstone pushing on up now, at this rate we'll hit out 50p buy in before too long. Keep going and the warrants will look attractive, could be a great LT investment. That should only leave one lemon in the folio - MODE, who to be fair made a serious of bad errors but looked good at the buy in and could still come good. SGS - who knows at this point but I'm not calling it a lemon yet.
Another decent wedge tucked away intelligently. Another investment like this and we are in better shape I think. Like everyone here I would love some news on the SGS front, the market has decided that this is worthless. Even if it is though I eagerly anticipate the Aeirestech IPO and if MODE and CSFS do recover then we'll have to push on somewhat. Long game this one but I'm glad that the lights are still on.
I'm also in for the long haul Postman24 but I am watching the various elements. I'd like MODE to get off the floor which it might, Cornerstone turning a corner, KNB & CODE are solid. WeShop may deliver something. Skillscast unknown. SGS please god for news either way (market has assumed it's a bust). Looking forward very much to the Aeristech IPO as I have often said which is my favorite punt. Really want some movement on the sitting capital and can only hope that it is tied up in SGS forawrd progression, else it's being wasted. Lots of potential still and trading near NAV we shouldn't fall much further. Love to have a crystal ball at this point, I'm holding firm.
Cornerstone has had a good week.
Can we open the box already BD?
I agree that the Northcoders transaction was somewhat nonsensical UNLESS there is a rather specific amount of money required to add to the current unused pot for a as yet unknown transaction. Perhaps VELA is going to make one more big punt at something. Hope springs eternal.
I've been here for a long time as you all know and keeping the faith. However this is looking rather concerning now. No point bailing though. A bit of positive news wouldn't hurt, that's for sure.
This is me signing-off for the festive period. Have a very Merry Christmas one and all. I'll see all you long suffering VELA LTHs back in the New Year. Let's hope we moon in 2022.
Thank you as ever BD. Proves the need for therapeutics and combined with the antivirals seeming less effective it could be interesting for us here.
Oh ok, since we bought in then.
It's a tiny increment but Northcoders has hit an ATH
Me too. Gift at this level.
Thanks Dave. I'd forgotten that we even had a stake there. A minnow for sure but still good news.
Of course at the same time MODE is flirting with it's 52 week low
Back to it's 52 week high. Might push on from here.
Probably not going to move until we have concrete news. Although yesterday showed us that there is life in the Arcadia trial, it didn't really tell us anything we didn't already know, simply a confidence boost. Nice contract wins for MTI Wireless today.