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Exciting news this morning re. the offer for WGP and subsidiaries. $20m is equivalent to c.71p per share. The earn out is worth another 35p. And that's excluding that value of THAL's stake in LSR, which is worth another 33.5p at current market prices. Very crudely that raises the SOTP to c. 140p. And that's before taking into account THAL's residual stake in ARL post deal. Plus the 11.5p of cash on balance sheet. Of course nothing is certain until the ink is dry. But it if does go ahead then there is substantial incremental value here. Nice to see the share pop at time of writing of writing above 80p. But there is a lot more to come if this completes...
SKC hi-tech & marketing The successful mass production of dots film began to supply to the mainland TV industry Chen Bozhen 2017-07-17 SKC hi-tech & marketing, a subsidiary of South Korean film industry SKC hi-tech & marketing, has successfully brought quantum dot film (QDEF) into commercialization. The product has begun to ship to mainland TV industry, officially open to the long-term exclusive market 3M.
Notice Skc now brought Qdot film to the Chinese market and is shipping
#Challenger Acquisitions Ltd #CHAL New York Wheel in advanced negotiation with American Bridge Company 🔥 Aug 13 2017 [link] …
If QFI doesn't go belly up it won't've for the lack of negative comment on here. I think it will eventually get there but it will take time to turn round. For anyone looking for a quick buck it is not the place to be. Good luck to all!
The confidence in the irish oil sector is well and truly in the gutter.. I dont see a way back for pvr from here.. More dilution and cash burn on the way to keep this nightmare alive.. Broe only a miracle can make that happen..
Not sure what happened there. Part 2. ... trading less than 8x 2017 EBITDA vs 18x for Diageo. Not I know, I know. Its Apples and pears. Latter has a world class stable of brands, a truly global footprint and superior operating margins. But Stock is a fantastic cash machine in its own small way. Free Cash Flow of €36.5m in H1 = 10% of market cap. In H1 alone. In a relatively depressed market environment. No wonder net debt is plummeting. Dividend hikes will surely follow in coming years. Which in today's crazy low yield world is worth having. I think the market will eventually recognise this too...
Nice to see the market finally waking up to progress made at Stock. Based on my figures it's trading
I love this company. It may never blow the lights out a la a Fevertree given its asset heavy operating model. But it's a cash machine all the same. £71.5m of pre-tax operating cash flow in H1! ; comfortably covering the incremental capex needed for expansion and broadly covering an interim dividend that was hiked 15%. And if / when the physical roll-out eventually slows the scope to ramp up that dividend is just tremendous. Couple with a strong balance sheet and the Greidinger family holding a residual 25% i.e. no shenanigans likely on their watch. And whats not to like. Only question mark is long term impact of streaming on cinema attendance. So far there seems to be no evidence that audiences (including the all important next generation) are shunning a day out at the pictures. I guess one to monitor. But barring a depression I think Cine should easily be able to hit £8+ in next 12 months.