Ip Share Discussion Threads

[socionomics] 18/7/2024 09:05

No probs.

There's a definite change in character here. I've just refreshed my targets for all holdings and I see 70p in the near term for IPO.

[gemlotte55] 15/7/2024 15:05

Sorry it was the 12th June, for some reason i just had a email from ipo with this news.

[orange1] 15/7/2024 14:35

Depends what you call hot.

IP announced this on 12 June 2024.

[socionomics] 15/7/2024 14:25

Is that hot off the press Gem?

[gemlotte55] 15/7/2024 13:36

Portfolio company Garrison acquired by Everfox

Congratulations to the Garrison Technology team on the sale of the business to US-based cybersecurity firm Everfox (formerly Forcepoint Federal).

Having first invested in Garrison Technology back in mid-2015, and having supported the business’ growth over several rounds since, we are delighted with this outcome.

We will be receiving cash consideration for our holding in Garrison and while we can’t provide numbers at this point, we can say that the transaction won’t result in a significant change in our Net Asset Value, which reinforces our valuation approach.

[p1nkfish] 12/7/2024 09:42

Might be but what's the rush until confirmed?
This could be here for any length of time but a proper turn will run for long enough to make a return even if the first 10-15% is missed.

The opportunity cost can be high in IPO, I speak from experience.

[socionomics] 12/7/2024 09:03

There's a change of character, and a couple of 1 trades. Something is in the pipeline.

[bamboo2] 11/7/2024 22:13

probably not.

[socionomics] 11/7/2024 21:11

Something cooking? 380k after hours!

[p1nkfish] 05/7/2024 18:39

Little confidence in this management. They will benefit when the turn happens but won't be down to them rowing against the tide.

[brucie5] 05/7/2024 16:27

Yes. I patiently await the upturn.

[p1nkfish] 05/7/2024 13:25

When it turns it could become useful as tends to have waves up of a fair few months. Then at least momentum is the utility.

[brucie5] 05/7/2024 13:05

Thanks - yes, agree with both posts above. I foolishly bought on behalf of a charity folio I help manage; only a small part of a diversified income folio, in which I hoped this would supply a growth element with a small income to be getting on with. Now I realise I should have bought JGGI.
:(

[p1nkfish] 05/7/2024 10:54

If you look at it in terms of "what utility is this stock to shareholders" - the market has it right. What is "utility" to shareholders? Income and/or capital gain.

It is low utility to current investors.

Great utility to deep-tech needing funding & the management taking a salary.

Hope I'm proven wrong but money best allocated elsewhere.

[bamboo2] 05/7/2024 09:52

Basically what I am saying is that the market is valuing this correctly, whilst management is delusional.

Woodford made the same valuation error.

[bamboo2] 05/7/2024 09:49

Hi Bruce, I mean write the NAV down to a level that is more reflective of the current share price. If the market is pricing this at fire-sale prices then so be it.

In different times the potential here could attract a premium and in that case NAV could rise to mirror the perceived improvement in opportunities and possible exit prices.

[brucie5] 05/7/2024 09:38

bamboo25 Jul '24 - 10:32 - 2974 of 2974
0 0 0
Bruce, closing the discount is really simple.
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Hi Bamboo, what you mean exactly? I probably misunderstand you but they're already buying back shares, which is one theoretical means of doing so is it not? I think they need to restate the dividend and find some tangible way to reward investors. Elsewhere in the market such discounts are eventually redressed by winding up the assets to return value to shareholders.

[bamboo2] 05/7/2024 09:32

Bruce, closing the discount is really simple.

Every day the free market gives us an accurate measure.

Management need to accept it.

The reason they don't accept it is that all their incentives and bonuses are linked to NAV rather than the share price. Acceptance of a market valuation would amount to 'turkeys voting for Xmas'.

There is therefore a fundamental divergence of interests between management and shareholders.

New and potential shareholders should recognise that the current management put themselves first.

[bagpuss67] 05/7/2024 09:06

Yep and hopefully a good entry point.

[socionomics] 05/7/2024 09:05

There's a lot of shots on goal with this one:

[brucie5] 05/7/2024 09:04

Socionomics5 Jul '24 - 09:56 - 2970 of 2970
0 0 0
I've had this tipped today with a 100p+ target.
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Tell us more. Every man and his dog knows its cheap. Question is, how do they close the discount? Since axing the dividend they have also made it much more difficult for many investors to justify buying what is in effect a value trap.

[socionomics] 05/7/2024 08:56

I've had this tipped today with a 100p+ target.

[brucie5] 28/6/2024 21:32

Now at covid lows.

[brucie5] 17/6/2024 21:09

Back to the bottom. But if you're happy to scalp, there seems to be a relatively straightforward 10% oscillation between here and 54p and could be some more, though you might need to wait six months for the share price to turn back up! This is surely the bottom of the base with 60p as resistance.