Venture Life Share Discussion Threads

[opodio] 06/7/2018 12:47

Heavy duty buying in FARN

[homebrewruss] 06/7/2018 12:47

ZOO - Good new full year results presentation posted on the ZOO thread

[panic investor] 06/7/2018 12:16

No thanks !

[opodio] 06/7/2018 12:11

FARN last placing was 250p

[opodio] 06/7/2018 12:00

Bought a small holding in FARN, for fun.

Run by pragmatic Fins

Sensible licensing policy.

Recent 250p placing.

[apad] 06/7/2018 10:48

Big7
The acquisition were strategic as they expanded the footprint of the business. E.g. banking license.
apad😎

[tewkesbury] 06/7/2018 10:18

Petro Matad (MATD)

Fully funded six well high impact drilling program in Mongolia, total prospective resources targeted 850 MMBO, ranging from near field E&A to basin opener potential:

1) Snow Leopard-1 well (Block V)
- Spud week commencing 9 Jul 2018.
- Targeting 90 MMBO, drill to depth of circa 3,350 metres, 70 days to complete.

2) Wild Horse-1 (Block IV)
- Spud Sep 2018, complete Nov 2018.
- Targeting 480 MMBO.
- Named by Wood Mackenzie as one of the top 20 exploration wells worldwide to watch in 2018.

3) Block XX
- Near field Gazelle prospect targeting 13MMbo & rapid commercialization.
- Spud 1st well Q4 2018, immediately followed by 2nd well.

- New Red Deer prospect, 48MMbo in a basin analogous to nearby producing basins in Mongolia + northern China, within easy reach of existing infrastructure.
- Spud H1 2019.

4) Fox-1 (Block V)
- Spud early Q2 2019.
- Mean prospective resource 200 MMBO. High-quality 3D seismic late 2017.

5) Management hosting a presentation for investors in week commencing 9 Jul 2018.

(Country already produces 21,000 BOPD (2017) from fields close to Chinese border, including from Blocks XIX + XXI adjacent to Petro Matad’s Block XX. Very attractive fiscal terms).

[big7ime] 06/7/2018 09:17

It is pretty good H, I didn't mean it wasn't but was just clarifying. Quite often share price races up on increasing revenue never to see decent profit so I'd want to see the actual accounts. It can as you say hide a lot. They don't mention their own income at all which I find odd. I'd be more interested in profitability etc. and generally am not keen on financial cos but well done APAD for getting in early

[lomax99] 06/7/2018 09:16

Also pleased with the FFX results, here is Cenkos's note:H1 turnover was up 146% year-on-year to £1.1bn including the acquisitions of Cardone Banking and City Forex; and on a like-for-like basis was up 23%, driven by 39% like-for-like growth in international payments. With growth momentum continuing to build, scale economies kicking in, and Fair Everywhere integrated SME forex/banking launched successfully, the board reiterated its confidence in achieving market expectations for a massive jump in profits for the full year.International payments turnover was up 132% overall, boosted by additional volumes from City Forex; there are cost synergies to come from this as well, because FairFX has successfully migrated its international payments systems onto the City Forex platform. Turnover in the corporate card platform was up 28%; we see this and the Fair Everywhere global business banking platform becoming key drivers for medium-term growthThe reaffirmed confidence in achieving market expectations is worth noting; we are expecting a massive jump in profits, from adjusted EBITDA of £0.95m in 2017 to £8.3m in 2018. This is FairFX's year of transformation, from being a foreign currency payments provider to becoming a global forex/banking services provider. At a 2019E P/E of 12.5x with 85% EPS growth expected (ie a PEG of 0.15) this prospective growth is not reflected in the share price. Buy.

[hydrus] 06/7/2018 09:09

Big I thought the 22% was impressive. I don't really like acquisitive businesses because their activities can hide various sins, including low or non-existent organic growth. Not the case with FFX.

[big7ime] 06/7/2018 09:00

A little bit misleading APAD, as that includes acquired businesses. Excluding those it is a more modest 22% whilst the share price has more than doubled
No mention of profits, rev is vanity and all that.

[hydrus] 06/7/2018 08:55

What terrible English wot I wrote Organic growth impressive

[hydrus] 06/7/2018 08:54

Well done on FFX it's clearly doing well

[apad] 06/7/2018 08:37

FFX
"Turnover* for the first half was up 146.2% year on year"

ZOO
0.76% dilution.

Twas a good dip in PTSG, red.

apad😊

[redartbmud] 05/7/2018 15:38

Ptsg another acquisition, in the right sector.

Purple bricks. What do you expect. All hype


Pnn AGM. Routine in sleepy valley.

red

[janeann] 05/7/2018 14:11

I didn't think zoo got criticism here - and I think several folk including me bought into it - a long time ago at c 19p I recall! (thank you again Hydrus) For me it seemed to have 'the right place - right time' extra issue that I try to find in companys. And given yesterdys results not surprised its reaching new highs. Still have and intend to keep for some while a large holding, which with a bit of trading has been very lucrative so far.

[modform] 05/7/2018 12:04

ZOO, surely some of you guys must admit that the reason the share price is printing higher highs, there must something we don't understand that has changed.It reminds so much of early stage KWS, which got similar criticism when it was first mention here many years ago.

[tewkesbury] 05/7/2018 10:18

Petro Matad (MATD)

Six well high impact drilling program in Mongolia, total prospective resources targeted 850 MMBO, ranging from near field E&A to basin opener potential:

1) Snow Leopard-1 well (Block V)
- Spud week commencing 9 Jul 2018.
- Targeting 90 MMBO, drill to depth of circa 3,350 metres, 70 days to complete.

2) Wild Horse-1 (Block IV)
- Spud Sep 2018, complete Nov 2018.
- Targeting 480 MMBO.
- Named by Wood Mackenzie as one of the top 20 exploration wells worldwide to watch in 2018.

3) Block XX
- Near field Gazelle prospect targeting 13MMbo & rapid commercialization.
- Spud 1st well Q4 2018, immediately followed by 2nd well.

- New Red Deer prospect, 48MMbo in a basin analogous to nearby producing basins in Mongolia + northern China, within easy reach of existing infrastructure.
- Spud H1 2019.

4) Fox-1 (Block V)
- Spud early Q2 2019.
- Mean prospective resource 200 MMBO. High-quality 3D seismic late 2017.

5) Management hosting a presentation for investors in week commencing 9 Jul 2018.

(Country already produces 21,000 BOPD (2017) from fields close to Chinese border, including from Blocks XIX + XXI adjacent to Petro Matad’s Block XX. Very attractive fiscal terms).

[hydrus] 05/7/2018 08:56

'One fundamental weakness with ZOO is that it will always be an intensive human capital business. Technology can only go so far with subtitling and dubbing, there is very little operational gearing with this business. One day investors will probably demand profits but I suspect that day will be far into the future. As long as they grow the top line, I think investors will remain supportive.'You are right that it is an intensive human capital business. They are researching machine learning though which may change that although some way off I expect.I agree that it's not like say FEVR or BVXP where there is potentially huge operational gearing. There will be some operational gearing though because although a new dubbing project requires human beings with ZOOdubs it does not require any studio time which is very expensive for other dubbing providers. The software is already there to use.As the company say:'We have been cautious to build out demand for ZOOdubs at the right pace, with rigorous testing, high levels of verification and relatively high levels of human involvement during the software’s nascence. The foundations are being laid now to build a scalable technological and service capability to satisfy client demand so that the operational gearing of the business will be seen in future periods'

[redartbmud] 05/7/2018 08:52

Ptsg. Acqcquisition in the right sector.

Purple. Losses up.

Off to Pnn AGM in a mo. Hanging at Fawlty Towers

red

[lomax99] 05/7/2018 08:50

HL's results are just over a month away.

Nucleus, a comparative tiddler, is due to float later this month. It operates an independent wrap platform serving the IFA market (2,200 advisor users, £14.3bn AUA and 90,000 customers):



Of interest, as a part read-across, is the growth Fundscape anticipates in the advised platform market over the next few years:

'Platforms as a tool for retail distribution of financial products have become increasingly important. Accordingly, between 2012 and 2017, total AUA across the advised platform market grew at a compound annual growth rate of 23 per cent., to reach £350 billion. AUA is projected to grow by a further 113 per cent. to £745 billion by 31 December 2021 (Source: Fundscape Platform Market Report Q3 2017's 'Realistic Channel Projections').'

[tewkesbury] 05/7/2018 08:46

Petro Matad (MATD)

Six well high impact drilling program in Mongolia, total prospective resources targeted 850 MMBO, ranging from near field E&A to basin opener potential:

1) Snow Leopard-1 well (Block V)
- Spud week commencing 9 Jul 2018.
- Targeting 90 MMBO, drill to depth of circa 3,350 metres, 70 days to complete.

2) Wild Horse-1 (Block IV)
- Spud Sep 2018, complete Nov 2018.
- Targeting 480 MMBO.
- Named by Wood Mackenzie as one of the top 20 exploration wells worldwide to watch in 2018.

3) Block XX
- Near field Gazelle prospect targeting 13MMbo & rapid commercialization.
- Spud 1st well Q4 2018, immediately followed by 2nd well.

- New Red Deer prospect, 48MMbo in a basin analogous to nearby producing basins in Mongolia + northern China, within easy reach of existing infrastructure.
- Spud H1 2019.

4) Fox-1 (Block V)
- Spud early Q2 2019.
- Mean prospective resource 200 MMBO. High-quality 3D seismic late 2017.

5) Management hosting a presentation for investors in week commencing 9 Jul 2018.

(Country already produces 21,000 BOPD (2017) from fields close to Chinese border, including from Blocks XIX + XXI adjacent to Petro Matad’s Block XX. Very attractive fiscal terms).

[tewkesbury] 04/7/2018 14:38

Petro Matad (MATD)

Fully funded drilling program in Mongolia:

1) Snow Leopard-1 well (Block V)

- To spud week commencing 9 Jul 2018.
- Targeting 90 MMBO, drill to a total depth of circa 3,350 metres, 70 days to complete.

2) Wild Horse-1 (Block IV)

- To spud forecast Sep 2018.
- Targeting 480 MMBO.
- Named by Wood Mackenzie as one of the top 20 exploration wells worldwide to watch in 2018.
- Drilling to be completed in Nov 2018.

3) Block XX

- Spud late Q3 / early Q4 2018 (drilling contract to be awarded Jul 2018).
- Complete drilling late Nov 2018.
- Red Deer has 48 MMBO prospective resource potential in a basin analogous to nearby producing basins in Mongolia and northern China.

4) Fox-1 (Block V)

- Spud 1st well early Q2 2019.
- Mean prospective resource potential 200 MMBO.
- High-quality 3D seismic in late 2017.

5) Management hosting a presentation for investors in week commencing 9 Jul 2018.