Ip Share Discussion Threads

[p1nkfish] 06/8/2024 05:26

Some funds could have mandates not to hold a stock below some predetermined price.
What cost to consolidate to reduce the float and get the price up?
A 1 for 10?
It might bounce (better be a convincing bounce) but some serious damage looks to have been done imho.
Money could be trapped here a while before any new uptrend is confirmed.
Dyor, I'm often wrong.

[palisz] 05/8/2024 15:58

Buying back shares at a discount, particularly when its a 50% plus discount increases the NAV per share. This does enhance shareholder value...just a fact.
It doesn't guarantee to short term push up the actual share price.
But I agree the last few days have been brutal for IPO, and I can't see the reason.
I do think some private equity holders are using IPO as a way to hedge their positions. It's no secret many are in serious trouble. But if so, they are going to get double hit as IPO I believe has been very conservative in there valuations.
The 2h numbers are due anytime perhaps then the picture will be clearer.
I expect another down tick in the NAV, but not enough to change the long term potential.

[wunderbar] 05/8/2024 15:42

I’m not sure what’s going on here, but IPO’s share price has tanked 15% [c.£65m wiped off] in just two days, including -9.7% today. I know the market is a bloodbath right now, but nevertheless I can’t see any justification to warrant a fall of this magnitude.

Perhaps IPO has been dragged down by ongoing US tech sell-off [tarnished with same brush]. Or maybe word is out that something nasty lurks in forthcoming Interims. Or maybe we are in the final phase of IPO’s long standing decline and from here starts the recovery [wishful thinking].

Whatever the reason [if any], I topped up again this morning at 37.5p, only to see it drop another 4% within a few hours. Talk about a horror show. As I write, the share price is now 36p [69% discount to NAV 114.8p]. We’re now at a level not seen since 2010/2011.

Come Interims, I’ll be honing in on NAV, cash, and any potential sales of assets in order to assess my target price of c.85p. It’ll be interesting to see if there has been a material slowdown in NAV decline, noting previous two years its fallen 14% and 20%. Needless to say, management need to stop the rot and instil some confidence in the IPO proposition.

I've done a very quick/rough breakdown of IPO's NAV [114.8p]. I'm going to assume gross cash has fallen from £235m to £200m [purely to make it a nice round number] = 20p a share. They own almost 10% stake in ONT = c.10p a share. So, based on today's closing price of 36p, leaves the rest of IPO's portfolio valued at just 6p, opposed to NAV 85p [93% discount].

Using an extreme example, even if headline NAV dropped by 25% to 86p, strip out cash and ONT stake, the balance of the portfolio would equate to NAV 56p, opposed to today's 6p valuation, representing a discount of 89%. Needless to say, something doesn't stack up here, either this is an absolute bargain right now or there is something seriously wrong with IPO's valuations.

The longer the share price remains at these depressed levels the harder it will be for the CEO to justify the £20m share buyback programme - neither has it enhanced shareholder value [in terms of putting cash in shareholders pockets], nor supported the share price [instead, suffered significant capital erosion].

And just to highlight the most eye opening fact of all - IPO has likely spent c.£10m [pro-rata] on buybacks since December, during which time the market cap has fallen by a staggering £200m. That's certainly not my definition of enhancing shareholder value. If management decide to continue with the buyback policy going into 2025 then I suggest they reinstate the dividend as well, they can comfortably afford to do both.

My investment in IPO is still in its infancy, merely just over a month now, but already it’s been a rocky ride. I can’t deny it’s been a disappointment to date but that’s investing for you, never plain sailing. In 12 months from now I’d like to think things will look a lot brighter for shareholders.

[p1nkfish] 05/8/2024 13:07

That's what you call "get me out of here".
Volume with sell-off too.
Market appears to have little confidence in IP Group and it's management.

[bamboo2] 01/8/2024 20:25

aaubrey, are you having trouble putting what you want to say into words?

[palisz] 01/8/2024 13:14

Edison note out.
hxxps://www.edisongroup.com/research/novo-holdings-invests-in-oxford-nanopore/33847/?j=245033&sfmc_sub=13242396&l=715_HTML&u=7260386&mid=536001663&jb=1003

[palisz] 01/8/2024 10:06

Still v quiet !!
IPO has about 95 employees!

[palisz] 01/8/2024 07:57

Sent to both. as always.

[bamboo2] 01/8/2024 07:46

If Greg is hiding you could try

[e-mail]

[Director of Communications]

[palisz] 01/8/2024 07:19

Dear IPO,

I noticed a fairly important announcement from Nanopore...now representing 25% of IPO market cap.
Don't you think you should make a follow up announcement?
Just to ensure IPO shareholders know?

Do you have a release date for the half year report?
thanks

[palisz] 01/8/2024 07:14

I used to email and chat to Greg regularly, but no more!
Still send the occasional email, (sent one 2 weeks ago ) but never hear back.
Soon as I got critical, I think I got blacklisted!
But just for fun I'll happily drop them a line.
Watch this space. But don't hold your breath!

[bamboo2] 01/8/2024 07:05

Hi palisz, email the co?

I used to get an email from them, and Investormeet. Nothing yet. They normally give at least a weeks notice, but there is no obligation to inform afaik.

[palisz] 01/8/2024 06:30

Since ONT represents now 25% of IPO's market cap, kind of important!
The deal is oversubscribed and Novo likely a continuing buyer of ONT as didn't get full allocation.
Be interesting to see today how it goes, the impact on IPO and when IPO might actually say anything !

IPO half yearly results due out probably tomorrow! I've not seen an announcement saying when?

[p1nkfish] 31/7/2024 18:24

Don't count on it.

[palisz] 31/7/2024 16:33

This was announced by ONT.
I guess at some stage IPO might get around to telling us !
IR farce.

[palisz] 31/7/2024 16:26

Oxford Nanopore attracts investment from Novo Holdings and announces proposed placing of new ordinary shares
The Equity Issue comprises the issue of new ordinary shares of £0.0001 each in the capital of the Company ("New Ordinary Shares"), at an issue price of 120 pence per New Ordinary Share through:
a strategic investment from Novo Holdings A/S ("Novo Holdings"), a world leading life sciences investor, of up to £60 million, pursuant to which Novo Holdings has committed to subscribe for New Ordinary Shares (the "Subscription Shares") at the Placing Price
and..
a placing to institutional investors by the issue of New Ordinary Shares (the "Placing Shares") at the Placing Price (the "Placing").

[bamboo2] 25/7/2024 19:36

25 July 2024
Oxford’s First Light Fusion hosted a delegation from the Japanese government this week as the UK and Japan seek closer collaboration on commercial fusion energy research.

The delegation was led by state minister Soichiro Imaeda from the Japanese Ministry of Education, Culture, Sports, Science and Technology (‘MEXT’).

During the visit, First Light held a roundtable led by chief financial officer David Bryon and other senior members of the board.

This was followed by a tour of First Light’s technological facilities, including its pulsed power facility ‘Machine 3’ – the largest of its kind in Europe...cntd

[arthur_lame_stocks] 25/7/2024 14:16

He's not my mate, I've no idea who he is. If we've crossed paths here before I'll have to assume I found him so inconsequential I didn't bother to remember him.

[p1nkfish] 25/7/2024 12:40

Sounds like it.

[bamboo2] 25/7/2024 11:57

p1nk, I didn't know ALS and rr were mates!

[p1nkfish] 25/7/2024 11:55

Let us know what you think rr, made me laugh.

Sgt Major material.

[palisz] 25/7/2024 10:00

latest report shows 83.3m shares 9.6% (been diluted slightly)