Ip Share Discussion Threads

[p1nkfish] 09/3/2023 11:43

A big shareholder proposing a wind-up and return of capital might just have some impact. Otherwise I very much doubt they will do anything.

[p1nkfish] 09/3/2023 11:41

Will make little difference as convinced the management are happy, detached and insulated. Untouchable. They have never been very savvy on optimising returns to shareholders. They will blame the market, being misunderstood etc but take little action to address what they can have control over. Almost as if they did so they would be bending to less intellectually capable elements to do so - the plebs. Good luck.

[bamboo2] 09/3/2023 11:40

palisz, In the past I have tried to engage with management about this issue and the associated disconnect between shareholder and management incentives.

They recognised it, but just shrugged their shoulders, as though they were powerless to intervene. It's clearly unfair that shareholders and managements interests are unaligned.

I have also written about the lack of clarity in significant holdings.

There is no up to date list on the website, although I was told over a year ago it would be added. In the past few years we have seen some massive transfers of holdings. Many days trades have exceeded the 3% and/or 5% [foreign holders] reporting thresholds, [not to mention the requirement to notify incremental percentages] but no TR-1 is announced.

Again they recognise the issue, but say they can only announce what is reported to them.

It seems unlikely that they are really so ignorant of the details of their shareholder base. It creates suspicion and distrust.

[palisz] 09/3/2023 11:19

If everyone on this feed sent an email to ir, it would be a good start.

[palisz] 09/3/2023 11:12

I will continue to press the issue, and vote against any re-election of Directors at the forthcoming AGM...

[palisz] 09/3/2023 11:09

I sent this yesterday... I think everybody should write and complain.
These guys a F clueless when it comes to markets and shareholders.

Dear IP Group,

After today's presentation I wanted to make one observation and repeat one comment.

Observation: Lots of skillfully answered questions on share buy backs...clearly investors (incl me) find the answers leaving us frustratingly mis-understood

To be very precise.
The company seems happy to make further investments in most of its portfolio.
This is great news as it clearly shows strong management conviction in the investments.
However, If you take the share price, and deduct the value of cash and Nanopore, the remaining portfolio of excellent companies can be bought for 10% of their valuation.
You are happily paying 100% !!
Ridiculous, and I know you agree.
This is so illogical and a lack of confidence in the overall portfolio valuation.
So again I ask the board to reconsider, you buy low and sell high.
Start a share buy back...

[brucie5] 09/3/2023 10:59

Looks like back to the bottom, which would be 55p level, perhaps slightly less. The market is signally unimpressed by bod's strategy on addressing shareholder concerns. And given the huge size of the company, it's cash balance and extent and timeline of its interests, it seems to operate outside any need to do so.

[brucie5] 08/3/2023 12:37

palisz, which five companies would you say, aside from ONT are likely to be near drivers of value? I'm assuming FLF in there - but it still seems very futuristic.

[palisz] 08/3/2023 12:07

Management have small shareholdings, CEO is looking to buy more, feels he is aligned with shareholders!

Portfolio has been cleaned up (I guess dead companies no longer included), and a few top companies got high lighted...really are interesting bunch, including flying cars!
Played a clip which look like it in part came from Blade runner! lol

[palisz] 08/3/2023 12:03

Listen to replay, but they did cover unlisted valuations.
The valuations were not inflated with the 2021/22 craziness, so no need to mark down. Independent valuations were used, confirmed there conservative approach, continued same methodology, some likely under valued if I recall correctly, mentioning Hinge health.
But seemed fair.

[palisz] 08/3/2023 11:42

Welcome. Frustrating presentation, many exciting investments but can't see any near term catalyst. I'll keep holding, as I think they are cheap. But so are many other companies. DYOR

[brucie5] 08/3/2023 11:35

Well done Palisz.

[palisz] 08/3/2023 11:33

ok...now over 90 mins long...

My feedback comment...

So many direct questions on the share buy back...all so carefully fielded. Facts remain buying back means buying same portfolio company's just at an 85% discount... Really not happy with the answers.

[palisz] 08/3/2023 11:28

They really don't like the share buy back questions!
LOL, started reading my 2nd question...then stopped halfway and avoided...Pathetic!

ENDED... ''Exciting'' the most repeated , over played word of the day!!

Buy back.. the most asked and most avoided question!

LOLOLOL...and another share buy back question,, and another avoided directly answering!!

GRRrrrrrr frustrating , stubborn,

[palisz] 08/3/2023 11:19

Meeting still answering questions...I'll probably get blocked soon!

[palisz] 08/3/2023 11:18

I'm not going to be popular!

[palisz] 08/3/2023 11:16

asked again...The portfolio looks really exciting and clearly your investing across the universe, why would you not buy back your shares which is effectively buying the same company's just 85% cheaper!?

[brucie5] 08/3/2023 10:54

Thanks for the commentary.

[palisz] 08/3/2023 10:49

Q&A coming up...can't see any other questions yet?? Analysts never want to ask anything difficult, loose out to future M&A

[palisz] 08/3/2023 10:48

CFO going on about how financially strong the company is, all very cozy., If you bought these shares at the IPO in 2003...you would have made.....ZERO!

[palisz] 08/3/2023 10:30

Talking about Oxbotica. Really can't fault the portfolio, some very exciting companies, just need to be more proactive when it comes to the share price.

[palisz] 08/3/2023 10:09

Meeting started.... question is in... not optimistic on answer!

[p1nkfish] 08/3/2023 09:52

You got it palisz.