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The company is supposed to be some way through a turnaround under new management, therefore it should be above where it was pre-covid. This means that at 37p today, it's substantially undervalued... in my opinion.

Aha, industrial sabotage! You mean secret agents employed by a rival manufacturer breaking in and sabotaging Avon's stock? Love the imagination, was that in the new James Bond film?

"Time in the market, not timing the market"... Well that's worked out well for you Bigga, what was the IPO price?

...not necessarily horrible, particularly if you've only been holding a matter of minutes ;)

I can see you have a well-developed "suspicion antenna", which in the lower reaches of AIM is a very good thing! I agree, something's not adding up. Let's keep an eye on this, for clues either way...

You're so right to remind us of the long term view - share price wise, this company has gone nowhere in a decade, a decade of exceptional growth in the asian middle class. I'm a holder but I'm a bit tired of waiting.

I bought shares in mid September and topped up in mid-October. It has not gone well. It's hard to know what to think now. He is relentlessly upbeat, this Harry fellow, but, as you say, the market just doesn't believe him. There are a lot of good questions that could've been asked in the interview, but proactive investors gave him such an easy ride - it's just ramping really.

Also, the announced dividend is paltry. If the Company's dividend policy is to pay out 30% of profits, then an interim dividend of 0.75p a share is hardly impressive in that context.

So how is this relevant to the AWE board?

Over the summer, SUPP's new management, who I call the Schroder Juniors, announced their first investments. With great fanfare, SUPP's interim report (dated 30/6/21) named Johnson Matthey plc, a listed company, as one of these investments. They called the company "a global leader in the applied materials chemistry... set to be an important facilitator of the process of decarbonisation over the coming decade". Pompously, they went on to say "The investment fits with the Company’s philosophy of supporting innovative, world leading technologies, that showcase the best of British entrepreneurial spirit and will help positively impact society and the planet".

Today Johnson Matthey reported. Well, they're warning on profits, selling their battery division which they cannot make a go of, and announcing the departure of their CEO. Share price down 20% on the day and I estimate down about 50% since the early summer when the investment was made.

So there we have it: Johnson Matthey, showcasing what the new SUPP is all about! You couldn't make it up. Hats off to the Schroder Juniors!

And beardozer, that elastic band has further to stretch now.

Come back beardozer!

It's true that the discount to NAV has ballooned recently, following a material increase to the published NAV, while the share price didn't move... and then today 4 brokers/banks commenced their ratings on ONT - the short story is they love it but, again, it didn't move the share price.

Let's face it, with all the bad history people just hate SUPP. However, there've been big changes in this Trust which the market hasn't recognised. reputations can be rehabilitated, esp if the NAV keeps rising. Let's see how much further that elastic band will stretch - my bet is not much.

I've joined the party. In the immortal words 'GLA'!

While some companies move from AIM to a main listing, others, such as N Brown plc which I'm in, find it desirable to move the other way. Either listing has its advantages and disadvantages therefore. I'm no expert but would imagine AIM is less onerous from a regulatory/governance standpoint and cheaper.

Mando my dear fellow, what are you on? You give us perfectly sensible investment diversification rules, such as no more than 5% in any one stock, and then tell us you've got 47.7% of your portfolio in THG!! Rules are there to be broken, eh? ;)

The morning after those 'fantastic results' and the market remains distinctly unimpressed...

Another strong day. Hope yr still invested Nutmeg!

Yup, BOO board is very amusing (btw, I'm in that share too so would be hypocritical putting you off - I just think it's riskier).

It's generally been a tough September & October for purchasing or averaging down on UK small caps/AIM. At least for me. Hopefully the general sentiment will lift heading towards calendar year end. It often does. Good luck.

I spent my lunchbreak trying to organise a plumber lol, flipping impossible these days! P.S. I'd keep it invested here Nutmeg, in preference to Boo, as I saw you post on that board. ..

Don't question too much, old Nutmegmilk is a legend in his own lunchtime.

What, just 13 months after they brought the company to market? There's no chance that'll happen in my opinion. However, a trade takeover/merger might.

Yes, ShearClass - opacity of revenue recognition is exactly the kind of ambiguity shorters look for. We'll eventually get meaningful post-IPO numbers, which will shine more light. Of course by then they'll be long gone. In the meantime, as you say, a fascinating watch.