Considering how effectively they add value to acquisitions, it's disappointing that it's proving so difficult to make them...

Strong results from palm oil producer #MPE. Fellow producer #AEP reports shortly. AEP on 2023 P/E of 7.7 with 40% of mkt cap covered by cash. 2024 to benefit from buyout of minorities which will add 13% to EPS. New div policy to payout >25% PAT. Price has started to move.

Showed against Arsenal that he's still a big asset to the club. £2.5 million? Pah....

Well followed, but consistent disappointer #RAI delivers the final coup de grace to it shareholders...and announces delisting. No tender offer. Price down 90% (to 0.75p v 56p admission). Another AIM success...

If can extend his contract at reasonable level, probably worth it, until we have money to spend, as < 6 central midfielders is running it very close (1 injury and 1 suspension and your bench = 0 options). Has his weaknesses but is an experienced Prem player & with a new contract would keep any value

Labour were elected to try and rebuild our crumbling public services and institute supply side reforms, in areas such as planning, housing and investment. That's what they are doing. Whether it will be successful is too early to say. They were left with a pretty tough hand.

Quite a lot is in the price though...

I wondered where you'd gone...

IP Group plots sale of tech stake portfolio to Lexham London-listed IP Group is in advanced talks to offload part of its stakes in companies including graphene specialist Paragraf and battery technology developer Nexeon, Sky News learns.

news.sky.com/story/ip-gro...

At 67p, mkt cap = $251.2m
Net cash = $108.7m
Ebitda = $177.6m

Valuation = 0.8 x ebitda

Interesting mix of responses

Indeed

#SLP share price on the move. The previous time I bought, the price was 43p and it had cash of 9.3p/share ($33.8m). It now has cash of 28.3p/share ($94.7m) and the share price is 52p so the actual business is around 30% cheaper. Looks like there's a buyer in size...

According to Learnmonth "if you were to use spot and actually apply a more realistic discount rate, that NPV quickly goes up towards a £1 billion".

If they can pull this off, it's going to be transformational.

Video: Caledonia Mining targets 2025 Bilboes feasibility to chart growth course, exec says - The Northern Miner Zimbabwe-focused Caledonia Mining (LSE: CMCL) will finalize a feasibility study for its Bilboes gold project early next year, CEO Mark Learmonth said in Caledonia Mining targets 2025 Bilboes feasibili...

northernminer.com/news/video-c...

There's certainly funding issues to be finalised, but Bilboe has an NPV (at 10% discount rate) of ~$310m using gold price of $1880/oz and a payback of just under 2 years. Current gold price is now > $2700/oz.

CMCL market cap at 1235p is $308m.

2 key staff in #DGI9 's new investment manager, InfraRed, dip into their pockets to spend £100k each on beaten down #DGI shares, which trade at 39% of revised NAV. Vote of confidence?

As far as I can see the only minority now is in the loss making Malaysian operation, which contributed $2m sales and $11m assets out of totals of $371m and $575m respectively and which I imagine they are seeking to dispose.

Who do you think is buying?

Can't see this staying under £1 for long

There's clearly been some change in attitude, with the buyout of minorities, the increased dividend, share buyback and sale of loss making plantations, even if somwhat half hearted.

Indeed, y/e 21 & 22 AEP was making earnings of $100m+ a year

Not sure Labour will stick to the commitment to end the levy when oil/gas prices fall. Suspect it'll end up a permanent feature.

#SQZ is on a dividend yield of 18.5% which looks sustainable at least for the next 3 years during which the company expects to generate it's own EV in cash.

Shame, for those who hold #TENT outside a tax wrapper that they decided to hand back capital as a dividend...