The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
I am also accumulating today.
Clearly the buy back kicked in this morning and my only comment is that its very coincidental that the drop in price today coincided with share buy back.
Singer issued a note to day with a 12 month target of 62 with a +_ 0f 21.6% . I think the margin tells us they haven't got a clue :)
I am looking fwd to the Investor meet call later,
I have to agree with that sentiment. This BOD have screwed shareholders and could have done even more damage if they had not been blocked.
Now they got lucky because of the high POO and people forecasting large gains on Monday.
By all means trade if you can make some quick profit, but hanging around in this company should come with a wealth warning.
When they announced that it was an RTO and there needed to be a suspension, there was an air of surprise. I think this caught the company by surprise or at least late in the day.
Having to go through formal M&A process in my experience takes some time, so no surprised it has taken so long.
Personally happy for it to be suspended on the current climate.
Its been a bit strange hoe EKf price has dropped as we know the results are v good.
Someone is still selling, even today, which is puzzling. Perhaps they are still considered to be reliant on Covid, which is far from the truth.
I have been accumulating in the past weeks, so will be listening closely to the results podcast next week.
EKF Diagnostics Holdings plc (AIM: EKF), the?AIM-listed global diagnostics business, announces that EKF Life Sciences, a division of EKF which manufactures diagnostics enzymes and contracted custom products for use in medical diagnostics, pharmaceutical and industry, has signed a partnership agreement (the "Agreement") with ABEC, Inc ("ABEC"), a leading global provider of engineered solutions and services for biotech manufacturing.
The Agreement provides EKF Life Sciences' South Bend, Indiana facility with customised, large-scale bioprocess equipment and will include a 14,500 litre total volume stainless steel fermenter and an 8,000 litre media preparation system. This will significantly enhance EKF's production capacity of enzymes used in a variety of diagnostic and Life Science applications, and is a positive progression of the Group's strategy of investment to drive organic growth through the expansion of EKF Life Science's fermentation capabilities.
ABEC has over 45 years of experience in large-scale fermenter design and complete in-house engineering and manufacturing capabilities. ABEC will provide engineering services for EKF's new fermentation facility to ensure optimal process performance and seamless facility integration. The 14,500 litre fermenter will feature ABEC's patented internal cooling panels, which will enable efficient sanitation, optimal heat removal and the highest possible fermenter productivity.
Some notable selling today. I am at a loss to understand why, but your last post may offer an explanation.
Most of the buys are automatic trades, so someone also accumulating.
I have added some more today and I now on the limit of what I will hold for one share. I cannot see anything concerning and I expect to see a rise into the results, which we now are good.
Some forward guidance for 2022 would help, just allay fears that this EKF is not dependant on Covid for revenues.
Its altogether a strange market at the moment,
More automatic sells showing up, but one large 100k buy this afternoon.
No real idea on who is selling, but the share price seems to be pegged back at circa 63p.
Release of 2021 results I understand may not be until March.
Yes, I was in SXX and thought that was pretty solid. That was a painful experience. . I think Anglo American got a bargain! and I guess the government were not focused on the shareholders as the jobs and project were assured by AA.
Re EKF it looks clear someone is offloading shares, so the price is drifting down.
I will post on here if I can get any information to throw light on this. Vig.
I think you could be right about people making assumptions that EKF are reliant on Covid ( like ODX, GDR etc) and thinking they will take a hit from related revenues in 2022. I personally don't think so as they quite well diversified.
I was selling up a lot of holdings last week, but decided to hang on to EKF. You can never be completely sure in this game as sentiment plays as big a part as fundamentals at times.
FYI Research note from Singer Capital Markets yesterday was pretty bullish with conservative target of 86p
My opinion:
Someone is offloading shares at the moment, but there are regular A trades buying up shares at around 62.
I don't know why they would be offloading in advance of stellar results, but they may have bought in at a much lower price and taking profits.
On top of this we have the macro economic uncertainty (Ukrain + +) so people are moving to cash.
I cannot see any reason to worry personally, as EKF seem sound and have a good fwd strategy.
One of the few shares I hold now, I have opted for cash now until the macro economic volatility subsides,
The buy/ sell on the trades are completely misleading today. Just bought and it showed as a sell. On here most trades shown as ?
Have MPs got to vote in about 2 years on the tunnel exit. That would be a concern.
Nice one Grumpy. These are the things analysts miss.
You are a long term holder 😂😂 Your knowledge of tunneling is very impressive. Anyhow carry on being worried if that floats your boat.
Stanley I stand corrected. I must remember less haste more speed
Are you deriving this figure from the major notified shareholders and diectors. Remember notification is only required if you pass 3%. Now Just under that figure is circa 130m shares. I can guarantee that there will be several Iis holding below 3% for instance all the FTSE tracker funds plus many overseas funds. I would be amazed if IIs are not in the majority
Scotsman, Could not agree more. Started reading myo post but lost interest. That is someone who either does not have a clue or is just spreading crap. PIs having enough shared to move price of Sirius. 😂
Little puzzled about your time expectations for a return. They are building a friging mine.and that takes time. If you were invested for some time you already missed an opportunity to bale out in the mid 40s. Call me a sceptic but post sounds less than credible
It is crummy article plus who ever else is acting in concert. Of course it's stricly against the rules and market regulators would say it does not happen. Truth is it does time & time again. For Sirius it is not a worry, it is a great long term investment.
Morning GS how are you keeping. I guess we are used to all this negative press stuff. You are right Rydet cup makes better viewing than BBs and share prices for today