Venture Life Share Discussion Threads

[redartbmud] 08/1/2017 18:15

Tested Bombay Sapphire gin and elderflower cordial as the mixer. It was sensational.
Back in the day it was the 'in thing' to have a G&T as an aperitif. Now they claim that it destroys the palate for the food.
Ah well...


red

[thelongandtheshortandthetall] 08/1/2017 17:44

Hi Guys

Well i actcidentilly ask my friend/ pub landlord about fevert ree and before i knew it i was drinking the stuff. He has 40 types of Gin so you can imagine his exuberance in explainng the delights of Gin and his favorate mixers. In the end i was even drinking a perticularly potant concoction through a straw the was made from an actual chilli lol.

Good fun but been regretting it all weekend. Plus i have zero market research to report only that it was very nice an i'll enjoy one or two GnTs again i'm sure.

Regards IDP. Who knows short term. Maybe the share price will bob about but belive there is a nice ltittle business establishing its self there. Same with CRAW. We'll see though.

Cheers all

[apad] 08/1/2017 14:15

Anyone looked at Faron Pharmaceuticals?
apad

[modform] 07/1/2017 13:56

Dacian, unfortunately these days SCSW crew seem to read the advfn threads and tip whatever is fashionable and they are always late to the party. Another tip sheet which is a waste of money imo.

[che7win] 07/1/2017 11:17

Dacian, I own GMS and IDP, they are both risky but the rewards could be substantial.

[petersinthemarket] 06/1/2017 19:54

DT/Questor today suggested Legal & General LGEN at c247p in which he will invest 4% (£20k) of his £500k pf. Mkt Cap £14.7bn. 13.5 x earnings. Pre tax profit £1.4bn. Div Yld 5.4%. Div cvr 1.4. Retirement division taking some pension risks from employers, Providing workplace pensions. Also lending money to older British homeowners (equity release). Commercial and residential developments locking in low risk returns. Divis grown by 23% in last 5yrs. Personally, too slow for me but might consider it for Mrs P's long term pf. Any red flags appreciated. Have a good weekend. pete

[discodave4] 06/1/2017 19:49

red thanks for your explantation regarding intangibles. In the case of IDP net assets are £3.1m and intangibles £3.5m (as mentioned this gives a negative NTAV).May not be an issue, still didn't fancy it.DD

[modform] 06/1/2017 16:36

I have GMS NBI LAM from early December and WEIR from last February

[hydrus] 06/1/2017 16:29

Oh sorry Mod!

[hydrus] 06/1/2017 16:28

Yes Red a nice end to the week. I am in PRES as one of my two attempts to ride the oil recovery.

[modform] 06/1/2017 16:27

All of a sudden oil services become fashionable, POS NBI PRES all up 20% plus

[redartbmud] 06/1/2017 15:40

Sucks

red

[apad] 06/1/2017 15:33

ps
Goldman pushing ROR. Yawn.

[apad] 06/1/2017 15:30

IGG purchase looking v good.

Tempted by QTX increase at 309, but resisted.

apad

[redartbmud] 06/1/2017 13:42

DD4

Intangibles is not a black flag when it comes to investing in a company and neither is a managed pensions deficit.
It is important to check the size in relation to the rest of the balance sheet, and the reason for the number. Acquisitive companies will always have intangibles, being the difference between what they aid for the business bought and the assets/liabilities taken over.
Remember the purchaser is paying X times earnings for the business, not just the assets.
Capitalized R&D/patents is another 'intangible', that may or may not have value.
Both are subjective, and valuations checked by the auditors, in relation to their perceived worth to the company.
The key is 'subjective' and therefore an opinion that will change with circumstances.
The bolt on business is supposed to add to turnover and profits. Often they will state that annual cost savings will be £x per annum following purchase.

Say a business is bought as a bolt on then closed down or sold for less than cost/intangible net assets.
R&D may not lead to a product for sale - as in a drugs company.
That would trigger a big write down of the balance sheet.
Just simple examples to illustrate a possible downside.

I have attempted not to be too complicated.

red

[sherylchan] 06/1/2017 13:31

Dacian - re BVXP - Wasatch reduced their stake

[petersinthemarket] 06/1/2017 11:50

I have this week taken a first modest stake in European Metals Holdings Ltd EMH.

My general reasoning is as stated earlier on this thread but my main reason is to force me to take a more serious interest in a topic well outside my area of expertise.

If it proves to be a good move, I'll take huge amounts of credit for a truly brilliant move, and if it doesn't I'll go very quiet and pretend it never happened!

For me, this is speculation hard, fast and centre, but IMO this company is still not fairly rated and for reasons previously stated I cannot see a Lithium based business failing as long as the company is run honestly and efficiently. Time will tell.

I have also topped up my holdings of DPP and TRD both of which I believe have great potential for further steady gains.
Rgds, pete

[piedro] 06/1/2017 10:48

Re: Uranium, BKY is a worth looking at - now 7% of my portfolio

There are those who say that the company does not have the necessary licences to start mining but they are preparing for production in 2018

Operating costs < 15$/lb

[apad] 06/1/2017 10:01

Outside my experience, mod. I think I'd ask you about that sector :-)

apad

[modform] 06/1/2017 09:32

Apad, any thought on uranium, GCL is a good play there but very illiquid

[modform] 06/1/2017 09:28

just to let you know most of us now have sold IDP, having bought it at around 74p. The question you have to ask is why the companies could only raise such a small amount of money at massive discount at two placings. The reason for the sell is to do it when there are keen buyers around due to liquidity, so not a recommendation to buy or sell but to be cautious , imo you're late to the party for a multi bagger