Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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.
GROW probably running the numbers, Signature also went down yesterday.
If a portfolio company has a hit GROW may have to step in to fund, impacting cash levels etc.
Expect an RNS. Shame no RNS first thing to confirm all OK. Others did release assurances.
No assurances = potential problems.
Not a good answer.
Grow are out of tune.
They don't get it.
If no exposure, given the segment they operate in, it should be stated.
This LOOKS BAD.
Others have issued RNS's first thing thus morning to confirm portfolio positions but nothing out of GROW? Are they clean?
Nearly always happens at weekends yto prevent panic and to try and maintain an orderly Monday open. Do they come in 3's? What in the next few weekends?
Chance of markdown at open if the news is understood to impact some holdings. From what I understand of it a fair amount of Signature is not FDIC covered so there will likely be uninsured losses.
Signature Bank gone down too overnight. More crypto orientated but problems at the periphery are first signs of wider issues. GROW might feel it today and this week as it ripples through. Take care out there.
IMHO, it was a good deal and this is a great buy with decent yield and good risk management. If they raised now it would be a good chance of it costing more than 13% p.a. given what has just taken place in US. Even if totally unrelated a small bank like STB would feel the knock- on effects.
Each to their own. I buy on further weakness.
Never buy into a share that has an excessively busy bulletin-board and especially when it's busy at a weekend.