Member Info for You_Having_a_Laugh

Market bottom is not in yet too. Full effect of credit tightening not yet obvious, should be before year end and a market bottom before then in my opinion that GROW will feel and show in an even lower sp. Valuations to be further squeezed and money flow out too, a double compression.

Only signs, another down wave likely before year end, then it stabilises at a lower overall base. I don't believe the market bottom is in yet.

Most exciting piece of news out of ANX for a long as they push back results a day for the coronation so building even higher levels of anticipation.

Wow.

Extinction event occurring in start-up land and valuation write-downs straight ahead. Even for fast growers. Late 2023 and into 2024.

Why doesn't Fulcrum divulge what they are thinking?

Debt hole deeper.

What event will cause a turn outside of more money coming into the market?
It isn't.

Sageoflondon - yes.
You get it.

Give it a rest. There's more going on here than you can see.

They sold gold royalties now Li tanking?

Cut valuation in half, more like it, if it comes out a winner at all. Seriously, the days of working out a valuation whilst smoking something ARE OVER until the next cycle begins in a few years.

The GROW share price us telling everyone that it's dead money. Valuations to be made realistic (lower), future funding on more onerous terms, exits a real problem at anything like current valuations.

Wake up.

Love your post.

Graphcore valuation is fantasy, massive moves in that market mean no one can possibly predict what it will ultimately be worth, when and if anything at all. It has disruptors on its door step that can, and probably will, tip it up. Worth something but lower than on the books for in my opinion.

but cash will be lower by 200M or more and valuation based on cash will be lower too.

60M cash burn, no ebitda breakeven for another 3-4 yrs, so burn of > 200M or more likely.
Good luck.

Not so strange times for people with an imagination and some experience. This scenario had higher than zero probability especially as everyone saw the rate of rate hikes.

Now we have a heavy US recession about to land within 6-9 months. Earnings hit, e part if p/e gets hit, p/e peaks for short while before going below historical mean (p falls) and then returns to normal.

Grow dodge that? I think not.

Just mho.

EU will see its problems, they are coming. Mark to market on Bonds was the missing piece of regulation. Mid-tier needed for competitive reasons.

This applies to Grow. Long-term illiquid holdings needing to be marked to market (and dropping in value) vs shareholders able to move out in minutes. Held to maturity, probably no problem, but volatile valuations until final liquidity that could be years off. Cash is a ballast and GROW needs more on balance sheet else excessively risky in this period in my humble opinion.

The marketvappears to agree. Bottom could be even lower before this is over.

A turn will come but they need more cash on the books. Double the amount they have now.

Where do you see that? I read they are not active enough.

If you think 30M is enough, good luck.
This will be blown around by wider macro news without more cash ballast.
30M goes nowhere.

The cash buffer needs to increase substantially, just not enough.