Ip Share Discussion Threads

[bamboo2] 09/11/2023 16:42

There's a bit of support under 45, so took a few yesterday and today.

Moon, p1nk is talking about portfolio member ACT which is now defunct.

[p1nkfish] 08/11/2023 13:03

It is in admin, run out of money.

[moontheloon] 08/11/2023 12:01

That doesn't make sense ?

[p1nkfish] 08/11/2023 09:48

Actual Experience was small % of portfolio, now administration.

[moontheloon] 08/11/2023 08:16

When's this a screaming buy and why ? An investment friend put it on my radar.. seems to be very battered and near a good low entry point. Assuming it won't go lower.

[bamboo2] 26/10/2023 20:11

CIT, yup.

All ONT holders are diluted by the 3.5% [before dilution] 'placing' of new shares taken on by bioMerieux on Monday in exchange for £70,000,000

[cousinit] 26/10/2023 18:59

I presume this is mainly dilution due to the 3% share issue from ONT recently, not sales

[cerrito] 26/10/2023 18:45

First reduction by IPO of ONT shares during the last 12 months.

[p1nkfish] 25/10/2023 10:27

Yes, but commercial leadership here doesn't look top drawer. Probably very nice people, well educated, pleasant enough but no snouse. A boys club.

It floats with the tide. Can't understand why top holders don't agitate for change. It's not impossible to at least try to swim against the tide or even take advantage of it via a buyback.

[w t tutte] 25/10/2023 10:06

Yes, the fact we are even in the same ballpark as those two events which were essentially potentially existential in nature just demonstrates the level of stress in markets when you step away from a few mega cap names.

It also shows why the board of IPO Group are crazy not to have a buyback policy in place, at least for time of severe dislocation. They say they keep buybacks under review but for what point, If you are never going to put one in place ? When you are trading at essentially net cash plus 20% of your non cash NAV it is hard to imagine a better risk reward opportunity in a marginal new portfolio investment.

[brucie5] 24/10/2023 14:18

40p was the 2020 bottom; 30p was the GFC.
Crazy, crazy prices.

[w t tutte] 24/10/2023 14:11

The share price moves here have become completely unhinged from anything resembling logic. It very much seems like some shareholders are dealing with month end redemptions and targeting liquidity and not price.

Fantastic long-term buying but not clear even now is a short-term bargain.

[bamboo2] 20/10/2023 09:34

Took small profit early on and added to ONT on weakness instead.

[p1nkfish] 19/10/2023 11:29

The IPO/ONT coupling is remarkably loose and delayed. Took a while for IPO to be hit as ONT slid and likely the same in the other direction if we get lucky.

[my retirement fund] 19/10/2023 10:32

It's only added a few per cent to IP groups' market price, so nothing to get excited about

[bamboo2] 19/10/2023 10:14

Added 20k early on.


Market here not woken up to the ONT news!

[bjfanc] 18/10/2023 14:13

Management have no incentive to act aggressively on the downside regarding the private portfolio valuation. So the market does it.

[eeza] 16/10/2023 14:38

Sinking, along with ONT.

[p1nkfish] 16/10/2023 14:22

At least volumes are low but if we do get any sort of capitulation due to an external event (war etc) I dread to think how low this could go. You have to love this baby a lot to keep holding it.

[p1nkfish] 16/10/2023 14:16

Welcome to the club. I haven't rated the CEO from early on, nor been impressed. Some people are just limp and when I pick up that vibe I recognise the type. Tend to know good management and leadership when I see it and it doesn't take long to work out - some say 7 minutes - I give it an hour. Leadership changes would be a catalyst in my opinion, or take it private. Still don't think the IMC idea is necessarily bad though.

Some examples.

p1nkfish - 02 Dec 2021 - 09:12:47 - 1930 of 2823 IP Group PLC - IPO
So far none too impressed by new CEO. Head up their own imho. No wonder it is where it is.

palisz - 02 Dec 2021 - 09:28:49 - 1932 of 2823 IP Group PLC - IPO
The new CEO has been in the job 7 weeks...'not to impressed' what a ridiculous comment!

p1nkfish - 15 Jan 2022 - 10:54:00 - 2071 of 2823 IP Group PLC - IPO
It about time there was more transparency.
It appears as a circus & doesn't induce confidence imho.
New CEO should start to sort it out the shop front. It's important.
Let's see if he's able or just too interested in crowing about past performance.

palisz - 17 Jan 2022 - 07:19:49 - 2072 of 2823 IP Group PLC - IPO
More transparency?.. Explain please. They report everything going on with every investment. They hold video conference calls highlighting updates and progress. They produce regular 'magazine' style updates going into more detail on investments. They tweet daily with any news. What actually more could they do? What don't they tell you? Reminder...New CEO is not actually in place until April and you are already negative?
Perhaps you should just sell.

[palisz] 16/10/2023 13:02

The CEO just doesn't get it. Bamboo is correct. Most valuations are based off 'last funding round' The vast majority haven't funded since before 2022 A fair percentage are probably zombies. That said at 49p You have a market cap of £508m Nanopore is 160m, cash is 220m So the remainder of the portfolio is valued at £125m. In the year end 2022 it was valued somewhere north of £1bn. Forget ESG the company needs to address the valuations...something I have stated to the CEO on more times than I can remember.
Unfortunately he is happier listening to the 2 or 3 biggest shareholders who clearly don't care. Sad, but not uncommon with portfolio managers who have bigger positions to worry about. CEO needs to wake up and take advice from people that give a s. With nearly 50% of the portfolio cash, the other 50% has to work twice as hard to make any impact on the valuation. Yes, private equity is depressed, but this is more than that...this is a management problem!

[bamboo2] 12/10/2023 19:25

Honest quarterly updates on the co and its portfolio would make a lot more sense.

[p1nkfish] 12/10/2023 16:05

I'm in two minds.

There is some serious patient long-term investment cash to be had in that field.
Not sure IMC will access those pockets but can't say I'm negative towards the idea.

If they can get the right audience on IMC it's not a bad method as it will be cheaper than doing 5-10 impact investments in multiple locations possiblyu including NY and US East Coast.

[eeza] 12/10/2023 10:41

More woke nonsense, and s/hlders funds spaffed up the wall.