Stephan Bernstein, CEO of GreenRoc, details the PFS results for the new graphite processing plant. Watch the video here.
Good stuff Steph. I don't plan ahead as much as you but expect that we'll be at 2200p-2500p by then - whatever we'll need to make Martin Davis's FTSE 100 preduction come true.
Incidentally, I did mention my #3 share, accesso technology (ACSO), here a few weeks back and that is up 45% in a month. I blog on that one too and this video convinced me the CEO was one in a million:
https://youtu.be/1k_6Sbq6sfs
DYOR and good luck
"A deep tech startup whose patented technology dramatically improves the performance of GPS chips in smartphones, wearables and vehicles has hired a new CEO and established a base in the US.
Cambridge-based Focal Point Positioning’s US subsidiary will aim to accelerate the commercialisation of its technologies in the mobile, wearables and automotive sectors.
GPS expert Scott Pomerantz brings 30 years of experience in positioning and semiconductors. His company Global Locate won the race to bring GPS to the mass consumer smartphone market, supplying the first GPS chips to companies including Apple and Samsung before being acquired by Broadcom for $250m, including an $80m earn-out, in 2007.
Pomerantz (below) joins FocalPoint at a time of intense growth following a Series B round of investment led by VC firm Draper Esprit. "
https://businesscloud.co.uk/new-ceo-as-gps-trailblazer-focal-point-positioning-opens-us-base/
Ok, that is bold! :-)
I'm confident on this one otherwise I wouldn't mention it. Agree that GROW definitely has the faster trajectory and amuch higher profile now.
As for 2024, I don't pencil in prospective figures that far ahead. I look for good core businesses, sound financials at good value, strong leadership, market-leading services, momentum and measured but optimistic ambition. K3 Capital have expanded a lot in the last couple of years by acquisitions and everything I read and see about them is moving things in the right direction but they still are under the radar. They would benefit from a move from AIM to the main market in the future but they have a way to go and grow yet. Think of them as a potential Draper Esprit from 3 -4 years ago although it should be a steady rather than a spectacular climb.
Good luck!
Yep, GROW performance has been exceptional this year. I blogged that September would be good but it's exceeded my expectations by a huge margin, however, I have no plans to sell in the next 2 years. CEO Martin Davis talked about taking Draper to the FTSE 100 in the next 2-3 years and that is now looking possible.
GROW is my #1 share by some way but just a quick shout out for my clear 2nd favourite K3 Capital (K3C). You can find my summary on it on the LSE chat forum. Worth a read...
FY results should be released w/c 20th September including an Operational overview, Post period end and Current trading and outlook. All 3 should be extremely positive.
Here are my thoughts on why I believe K3C is very likely to jump 10% and be north of 400p within the next few weeks. It also has a good chance of hitting 500p by the end of 2021.
* The clues were there in the 15th June Trading update ("exceptionally strong performance, having successfully grown revenues and profits across all divisions", "significantly ahead of initial market expectations; beating multiple upgrades made to market expectations across the year" etc ) and the sp has gone sideways since then. Official confirmation in the FY results should wake up those that weren't convinced and reratings should follow.
https://polaris.brighterir.com/public/k3_capital/news/rns/story/xj3k81w
* K3C often underpromise and overdeliver, hence the multiple forecast upgrades last year.
* Continued measured international expansion: Just released today - Quantuma expands into Middle East with Dubai office launch http://www.tradearabia.com/news/IND_386721.html
* Quantuma grows headcount by 45% in 12 months: Quantuma has significantly diversified its offering in recent years to include aspects such as pensions and corporate finance advisory, the firm is still best known for its work helping clients under financial stress.
* Great financials: Investors' Chronicle highlight that K3C has excellent fundamentals and passes all 8 of their financial tests.
https://www.investorschronicle.co.uk/alpha/2021/08/13/financials-building-up-a-head-of-steam/
* Fair value of 819p on Simply Wall Street based on Discounted Cash Flow.
* K3C doing brilliantly in UK regions in the first half of this year: Midlands Financial Adviser: #1 (33 deals), North West FA: #1 (30 deals), South East FA: #2, South West FA: #4, Wales FA: =#2 (5 deals), Yorkshire & Humber FA: #1 (17 deals)
DYOR and good luck...
When Draper Esprit first listed five years ago, its portfolio consisted of 24 tech companies that had a combined value of £74.9 million. It now has over 70 companies with its portfolio that were valued at £984 million at the end of 2020.
The firm’s market cap has experienced a more than 11-fold increase from its initial listing value of just over £120 million.
"Draper Esprit said admittance to the FTSE 250 would raise its profile, as well as potentially increase liquidity and enable its shares to be acquired by a wider group of investors."
https://www.irishtimes.com/business/technology/draper-esprit-admitted-to-ftse-250-with-a-1-6bn-market-cap-1.4663029
Another admission to the FTSE 250 is Draper Esprit, a venture capital firm which focuses on high-growth technology businesses.
Its market cap is more than £1.6bn after it transitioned to the premium listing segment of the London Stock Exchange from the AIM. It is also on the secondary listing segment of Euronext Dublin.
Since its IPO in 2016, Draper Esprit has deployed around £550m capital and has a current annual rate of deployment of about £200m, making it one of the most active venture capital firms in Europe.
It is a shareholder in a diverse portfolio of 71 companies, including Graphcore, UiPath, Trustpilot, Aiven, Ledger, Lyst and Cazoo.
https://businesscloud.co.uk/darktrace-to-join-ftse-250-as-valuation-rockets-following-ipo/
The latest by my calculations:
* £78.3m banked so far in March 2021
* 7.9% retained of 1.88billion (1 Sept valuation) = £148.5m.
I make that about £227m from their initial £29.7m investment!
They should be able to sell that 7.9% later this month when the 6-month tie-in expires and I believe that they will realise at least some of this investment prior to the H1 results coming out, in the way that they sold some prior to the FY results being released. Given Trustpilot's continued climb they may choose to sell off every 6 months prior to half-yearly results.
...based on Wednesday's close. Never in much doubt but it will be interesting to see the effect it has, if we didn't already see signs of that this week. We can certainly expect to be featured in more financial news stories and, I hope, that there will be profiles written that introduce GROW to a wider audience and summarise its amazing potential. Have pension funds and trackers been able to buy in before now? Maybe not.
Hold on to your hats :-)
"Companies that were promoted to the FTSE 250 were: Endeavour Mining, Darktrace, Bridgepoint, Blackrock Throgmorton Trust, Draper Esprit and Baltic Classifieds."
Another GROW Unicorn and Revolut gets a mention too...
https://news.sky.com/story/banking-tech-provider-thoughtmachine-lands-unicorn-status-with-new-funding-12396642
Great update Steph, appreciate your insight and share your optimism. I think it's great to see the financial and economic insight from you and sage (although they have been quiet recently) and the board is generally a good, non-rampy source of interesting info.
One holding that we haven't heard to much about recently is Ledger, the French company that provides a secure solution for crypto passwords. There was news that they were planning to float soon so there could be more on that in the next month.
I mentioned a few other shares a fortnight ago. Accesso technology is up 15% since then and 30% in the last month and K3 Capital has an 'exceptionally strong' H1 results out in just a few weeks. DYOR of course.
I agree that they write weird articles but if you compare the sp of 4th Jan (550p) rather than 26th Jan it is up 68.95%.
The recent price drop was irrational so I topped up for as low as 789p in my Trading account. There's been a new director appointment announced today which has gone down very well. The sister US share RNLX is up over 11% today so there should be a decent rise this week.
https://investors.renalytix.com/news-releases/news-release-details/renalytix-appoints-daniel-j-levangie-its-board-directors