Trading Update - do you have any thoughts?15 Oct 2019 09:18
Some good and some bad parts t the trading update today - worried by debt growth - though pipeline seems very strong so cash flow ought to improve later this year(?) or next year? Land bank strong. I did not find the commentary very positive though.
agreed excellent results - pretty much all positive. Good cash in hand position.....
I think we may well be profit positive in 12 months.........
The only issue I can spot is that the licence revenue currently equals the engineering/services revenue. Expected at this stage of the development but next year we need to see the licence revenue grow significantly.
RE: I’ve just read the 28 page court submission30 Sep 2019 13:35
interesting documents.......whilst the key data being sought is to enable civil actions by Burford against the parties who have acted improperly and illegally it also mentions criminal actions which would have to be bought by the FCA and the fact Burford wishes to assist the FCA. I would assume the FCA can (and maybe already has) obtained this data from LSE for their enquiries. BUT Burford probably wish to give them a hurry up to act on the information. Given that Burford will take civil action to sue those involved there could actually be a strong upside here if the cases are proven in favour of Burford. I am not sure of the likely timescales for either (1) LSE to comply with the data request (2) LSE to go to court to oppose the request. I would suspect quite short timescales BUT the verdict in the case could take a while perhaps. If I had written the submission I may have emphasised more how the requested data would be protected (to ensure GDPA compliance) and how it would be used / disclosed (i.e. only through civil proceedings). Expect some court room drama soon!
talking about the cost per tonne in the market not the profit per tonne....... but you're right abut the calculation error. Still suggests there is a gap between our market cap' and value based upon expected production....... Just need to get it out of the ground at a good rate!
So looking at the RNS and assuming $1000 per tonne high quality graphite (if it is large flake it goes up to $1800) then multiplying by 71.4% and the annual production of 49 K TPA we will earn revenue of c$350M or £280M......our market cap is £9M Do I have this right?
I would assume either a leak on some news (nothing scheduled), or a large buy trade being worked (as there is no volume today)........my portfolio like yours is mainly red today so happy to see this one move up......
this was a very interesting presentation and led to me taking a position here.......
I am also an investor in Bidstack and I found it strange that neither the BOD, or the analysts asked about in game advertising. Bidstack are working with Codemasters and could be introducing in game advertising in their current titles and back catalogue. Potentially a large revenue stream for CDM which is completely new.
the Only risk now is getting the oil out of the ground. Since HH1 &2 none of the Weald wells have flowed well (except perhaps Balcombe but Angus ****ed up the testing and permissions so they did not get time to tell) so it is not completely straight forward. UKOG know how the original wells were drilled and prepared and also know what does not work after Broadford bridge so are he best placed people to make this a success
Jay is making major progress with their Greenland asset this year (40K Tonne sample on its way to Quebec for processing and at sea today).......hence their price is increasing Alba should be seeing some rises associated with HH as this is entering a significant phase Clogau is still too far away from production and they have not set out time lines or expected production rates etc
Its a bit more than just arbitrage. There are a number of uses. 1) Due to the switch to wind and solar we sometimes generate too much energy during the day. Batteries can be used to store this and release it when required (evening). 2) When there is a sudden issue with the grid (like the Friday evening a few weeks ago when a gas power plant and wind plant went offline and took down a lot of the South East electricity) batteries can be used to stabilise the grid nearly instantly when an issue occurs allowing time for other power plants to come online. 3) Batteries can be used to smooth the grid at the edges (away from the power stations) where power use changes cause the most "stress" to the grid frequency. 4) Arbitrage - buy the power low (daytime and early hours), sell it high (in the evenings)
Tesla, as well as making home scale batteries, now also make a self contained containerised battery pack allowing industrial scale storage to be constructed quickly and easily by combining a number of these containers. BUT there are competing technologies. Already in the Orkneys they use excess wind energy to produce Hydrogen which is stored and used when required. Also gas liquification using excess energy can happen and then this liquified gas is allowed to warm and the expansion drives turbines to generate electricity -- this has the side benefit of allowing the CO2 to be removed when liquid and separately stored.......
Batteries will be huge for EV's with the real growth in the West happening from mid 2020 - grid scale batteries are already a big hit and offer an investment opportunity (see the GORE and GRID investment trusts as examples)