Ip Share Discussion Threads

[eeza] 24/5/2021 20:10

High time they ended the closing auction. It is bent as a nine-bob-note. It is gamed each night.

[bamboo2] 24/5/2021 20:03

P1nk, Don't know anything about NAS, but will look, thanks.

fwiw, I just had a chance to look at the visible ipo trades for late this afternoon, and it looks the same pattern as occurred a few times last week. In the final 9 mins approx to the bell, a third [229] of the days trades took place. Many small sells, where they could have got a much better price earlier in the day.

The balance was approx 46,000 more shares sold, than bought, which reduced the price by approx 1p. I guess that makes the end of day auction price much better for the late buyers.

[p1nkfish] 24/5/2021 17:43

I hold NAS - has had a 30% discount and run by a very capable Chris Mills.

116p price vs 140p NAV for IPO is not shocking to me, IPO is more risky imho. NAS has a growth and value outlook and people like Mills are few and far between.

[bamboo2] 24/5/2021 17:14

Holders who want to add shares will be better off buying at the end of the day, rather than take the scrip.

[bamboo2] 24/5/2021 17:10

P1nk, maybe 'painting the tape' is the wrong expression.

It's as though someone wants to keep the price low for the end of day auction.

Very frustrating as my NAV calc will be approx 139-140 at the end of this month.

[eeza] 24/5/2021 16:55

Also ITX up again (~12%)

[p1nkfish] 24/5/2021 16:44

No surprise if this falls back into 105 - 112p region.
Something fishy??

[p1nkfish] 24/5/2021 16:43

Not sure its tape painting bamboo. Too obvious imho.

[bamboo2] 24/5/2021 16:38

Someone trying to paint the tape again, right up to the last second.

If someone in US is reducing you'd think they'd want the best price possible, rather than trying to overwhelm buyers just before the close. This has been going on for quite a while now.

I think that in the future management should be thinking of buying back stock to use for the scrip, rather than issue new shares.

[eeza] 24/5/2021 15:12

Yes, the selling each day seems to start with the US opening.

[p1nkfish] 24/5/2021 15:03

wonder if someone in US is reducing.

[wba1] 24/5/2021 13:06

I see a few potential unicorns in the portfolio but am less sure about Oxbotica. Success to that level depends on a combination of technical edge (which they may have), market adoption (which I suspect may be slower and more siloed than some are suggesting) and the management ability of the Oxbotica team to build value (which has yet to be proven in my mind). My background is insurance and back in 2005 I chaired the global committee for a big insurer looking at development of telematics in insurance. We projected a 25% market share in key developed motor insurance markets after 15 years and have turned out to be overestimating. Cultural resistance has been a significant issue. My doubts on management are also insurance driven, by their deal with Axa XL. It was very sensible to partner with an insurer as access to cover will be important to adoption, but I really hope they have some sort of share in the benefit to Axa XL who launched a cover to the wider market in 2020. If not Oxbotica have given away valuable data and understanding which their partner is now using to enable others to compete with Oxbotica.

But I topped up on Friday at 116 and see the wider portfolio as having substantial hidden value - whether in Oxbotica or in others that I prefer such as Artios.

[bamboo2] 24/5/2021 08:23

Quick reminder, if you want the scrip, rather than cash, you need to decide this week.

Any shareholder entitled to the 2020 Final Dividend who has not already completed a Scrip Dividend Mandate Form or a Dividend Election Input Message in CREST and is intending to do so, should refer to the Scrip Dividend Scheme Terms and Conditions contained within the 2021 AGM Notice which can be found at: hxxps://www.ipgroupplc.com/investor-relations/shareholder-information/agm .

The final time and date for receipt of Scrip Dividend Mandates and Dividend Election Input Messages in CREST is 5:00pm on 28 May 2021.

[p1nkfish] 23/5/2021 21:20

It moving faster than this and Fustion too. Both will need 100's millions £.
The prizes are too big to just be a spectator of the game.

Htps://www.theverge.com/2021/5/19/22443453/google-quantum-computer-2029-decade-commercial-useful-qubits-quantum-transistor

[eeza] 23/5/2021 20:45

Buffett has the same quandary.

[bamboo2] 23/5/2021 17:46

eeza, Thanks for posting.

There are a couple of others in the p/f that look ready to let go, at the right price.
Ieso Digital Health is one that also has Draper Esprit as co-investor. It's online CBT product is absolutely perfectly positioned for a post covid world, and is now available through the NHS.


All these deals look good, but I am slightly concerned at the lack of new opportunities. Is this lack of new investment because of Covid perhaps?

P1nkfish, have you any thoughts on this? Would management be considering an offer for example for NSCI or other tech based investment co's?

[eeza] 22/5/2021 10:34

Oxbotica mentioned as a 'futurecorn'. Also has a short vid.

"Two firms in the region, autonomous vehicle business Oxbotica and Cambridge Quantum Computing, are also thought to be the most likely contenders for the unicorn status.

In April, former unicorn company Ocado announced a £10million investment in Oxbotica to help develop its self-driving systems and 'kerb-to-kitchen' robots for use in grocery deliveries.

[bamboo2] 21/5/2021 21:27

Since I started messing around with shares about 20 years ago, I have been both anti and pro charts. I think that's a good place to be, as both pov's have their advantages.

From a charting perspective, there are quite a number of triangulations concurrently reaching their apexes this weekend, so I am hopeful of a trend change 21-24/5/2021.

[eeza] 21/5/2021 20:08

Yes, wba, religion is another battle.

I've always viewed the answer to be - if it's right for you, and it works for you then that's the way to go. But the 'opposition' mostly wants to bludgeon you into defeat, and acquiescence, regardless of merit.

[wba1] 21/5/2021 19:50

eeza;

I think a better analogy for the chartist/non chartist issue is the even more tribal battle between believers in the Copenhagen view of quantum mechanics and the various opposing views. All of the opponents are in agreement on one thing; the Copenhagen explanation lacks clarity, rigour and any experimental or theoretical underpinning. They usually consign it to the same category as religion. 😊

[eeza] 21/5/2021 19:33

Thank you, bamboo.

The gap from 81 to 88p has proved quite interesting.
The share price has been forced below 90p three or four times, and got as low as 84.50p intraday, but the bears have never been strong enough to fill the gap.

Yet !!

I find charts a very useful tool to see resistance & support levels, and trend. But the battle between Chartists & Non-Chartists, I have always found really interesting.
It always becomes somewhat Tribal, almost like Brexit - Leave vs Remain where Remainers (Non-Chartists) are almost evangelical in refusing to see any benefit.

[bamboo2] 21/5/2021 18:36

eeza, see post 1157.

Yes there are all sorts of H&S with different names. A H&S is basically a triple top with a higher high in the middle. Complex H&S take many forms, see Bulkowski's website for more detail.

The main thing that stops chart patterns reaching target prices is historical support or resistance. Bulkowski suggests simplifying patterns into their basic parts, and this works very well for me.

[eeza] 21/5/2021 18:10

I think you are probably right with your assumption.

The DDDD chart is from Dec 20. The Sp has returned to its Dec 20 share price (more or less).
I'm not a chartist, but I would call it a Double Head with double shoulders - is that a recognised pattern?