Quantum Dot IP infringements by Samsung price edging back down today (-12% at time of writing). Samsung’s official response in the pipe line? chunkier buys than sells though. probably a bit of profit taking going on but it seems the money is fancying there being more in this. a quick google search is turning up considerable media response to the action, Samsung are probably quite concerned and obviously uncertain of they’re actual position. I’m sure a company of their stature would have had something pre-prepared for immediate release if they’d had any inkling or expectation. so the longer the silence the more telling, i think.
Thoughts on DS Smith? SMDS enjoyed a 10p kick up this morning, actually more like the brakes holding back the sp were released a little, as the company confirmed that its Plastics division sale to Olympus Partners was … er still not complete. The long wait caused by a delay of approval from the US Dept of Justice (what on earth has it got to do with them) now overcome but it still needs US federal court approval (what on earth has it got to do with them). And it still needs the two parties to complete the transaction and Olympus still need to handover the approx. $400M so SMDS can settle some of its debt. I guess the sp response is some relief that the deal does look to be going ahead and may yet complete before year end.
Level 2 May rise to just below 189p ? ? ? Close . . . . 182.60 Open . . . . 183.00 . . . 1st AT at 08.00.11 High . . . . .188.73715 . . . 09.44.49 . . . AT High . . 188.6p Low . . . . . 182.752 . . . . . 08.00.17 MD Auc . . Full 203,478----281,059 41----47 LSE Vols . . . . 497,307 . . 223 trades AT trades . . . 150 OT trades . . . 73 . . . 11.02.54 Spread 187.4-----187.6 . . . 187.5p
Should bounce now at 61.8% retracement More gobbledegook from you! Cheers, Frog
Twittering Ripley, I always thought the future for this company would be good given the need to protect the environment from polluted wastewater and to supply clean drinking water. I bought these at 8p Oct 17, and could have sold around 14p! The current share price is around 0.75p on 20/2/20 both MWG and I need to do a lot better. I would say they have 12 months to turn this around before the money runs out again. IMHO DYOR
Sirius Hi Will, “Bumpitrage†is certainly what Odey are doing, but they are only joining the multitude of shareholders shouting about the low bid made by AA. I didn’t realise till now that AA offer was not “finalâ€, so open to increase in the need arises. Interesting times. But I have already sold most of my holding and reinvested elsewhere. Just a few left to see what happens next. It wasn’t worth waiting a few months for a settlement from AA. Start re-building now. IB
Buybacks If you look at B and Lloyd’s Banking Group, both businesses have followed a share buyback strategy and the share price have not increased significantly. B went up on LVMH’s takeover of Tiffany. Overall I think buybacks do not help to boost the share price - B should return surplus cash by way of special divs.
Twittering MWG… XXXX Turner Pope are ramping it today . They might be staging the placing shares of 0.5p for todays 0.8p … Modern Water plc Having now strengthened its balance sheet and refreshed its Board through the appointment of a series of highly experienced and well-connected individuals, Modern Water is now poised to capture the obvious and growing global water market opportunity through cutting-edge technology focused on making the treatment and recycling of water more efficient. In light of its recent successful placing, negotiations over the potential sale of its Monitoring Division have been suspended pending the outcome of a review by the new Board. It has also confirmed action to significantly reduce overhead costs across the whole business which has now been undertaken. The results of this and MWG’s vision for capturing its business opportunity is expected to be reflected within its forthcoming release of financial results and statement for the year ending December 2019. Significantly, the new Board introduces a commercial focus with extensive expertise in sales & marketing, while also offering access to distribution channels in target markets, including the chemical, biofuel, wastewater, dairy and agricultural production industries. Potentially higher valueadded and improved margins could even be found from MWG’s existing clients by adding real-time water monitoring through the adoption of Rinocloud AI and data analysis technologies successfully operated by the new Chairman’s own skin-health related businesses. Further to the Company’s announcement of 24 January 2020 and following the completion of the placing, the Company has confirmed the appointment of Dr Nigel Burton to the Board of Modern Water as a Non-executive Director (‘NED’). Dr Burton has spent 15 years as Chief Financial Officer or Chief Executive Officer of a number of private and public companies. He is currently a NED of AIM-quoted companies Remote Monitored Systems plc, Digitalbox plc, Regency Mines plc, eEnergy Group plc and Mobile Streams plc. The Company also expects to appoint Gerard Brandon, CEO of Integumen plc (AIM:SKIN), as NED and Chairman of the Board shortly and a further announcement will be made in due course. Piers Clark and Mike Townend, Nonexecutive Chairman and NED, respectively, have resigned. As a pioneering and innovative technology company specialising in membrane water treatment solutions and advanced monitoring products, Modern Water finds itself ideally positioned to exploit the rapidly expanding market opportunity for the bulk supply of clean and healthy water resources across the world. Significantly, six different countries have already legislated that Modern Water monitoring test systems are written into their environmental protection legislation. On 24 January 2020, MWG announced that it had conditionally raised £1.85 million gross (£1.68 million net), before expenses, by way of an oversubscribed placing of 370,000,000 new Ordinary Shares at a price of 0.5 pence per share. The Placing was approved by Shareholders at a General Meeting held on 14 February 2020. Simon Humphrey, Modern Water’s CEO, has confirmed that the funds raised from the Placing will allow his Company to address its outstanding liabilities, while also providing working capital to alter the business model with a view to increasing revenues by collaborations and revenue sharing opportunities that build and extend existing sales, marketing and distribution channels. Operational and development progress continues to be made in MWG’s two principal divisions (Membrane and Monitoring). As announced on 25 November 2019, the Membrane Division was awarded an innovative project in South Korea through its Chinese partner, Hangzhou Shangtuo Environmental Technology Co. Ltd. In this project, salt is produced by concentrating deep seawater and further demonstrates the wide-ranging applications/capabilities of its patented technologies. Further to this, on 23 December 2019 the Company confirmed its largest-ever single order for its Microtox® CTM to a customer in China; the total value of the order was US$335,000. Microtox® CTM is a site-based, broad
Recent interest in the company Amother positive announcement Advanced Oncotherapy (AIM: AVO), the developer of next-generation proton therapy systems for cancer treatment, is pleased to announce that it has reached an agreement on the terms for a collaboration with University Hospitals Birmingham NHS Foundation Trust (“UHBâ€), the acute service provider delivering general hospital services for Birmingham and specialist treatments for the West Midlands and nationally, to install a LIGHT system.
Opening Prices FTSE100 . . . 7,457.02 . (+75.01) . (+1.02%) Brent Crude . . . $58.65 . (+1.14) . (+1.98%) GKP . . . 181,957 @ 182.6p . . (+1.44%) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . FTSE100 . . . 7,465.64 . (+8.62) . (+0.12%) Brent Crude . . . $58.90 . (+0.18) . (+0.31%) . (15mins delayed) OP . . . No UT . . . 1st AT . . . 2,597 @ 183p 25,000 @ 182.60p, 2 x 15,000 @ 178p, 15,000 @ 175 & 174p, 2,000 @ 177p and 5,000 @ 176p = 92,000 15,000 @ 189p, 2 x 20,000 @ 195p, 25,000 @ 202p, 40,000 @ 214 & 215p , 7,000 @ 216p and 12,000 @ 249p = 179,000. Book at c. 8.03am 194,125-----256,649 33----40 May rise to just below 189p ? ? ? Screencast.com 2020-02-20_0757 Shared from Screencast.com
Sirius Sirius receives a mention in today’s FT Alphaville (registration but not subscription required) and the word of the day is “bumpitrageâ€.
Transactions in Own Shares RNS - Transaction in Own Shares Best Regards @ValueSeeker8
Feedback from the AGM TYM… XXXX See i have look at this before 50% fall today 23% spread … Mad to deal it . Some connection to SRES … which had big fall back after yesterdays spike up . Connected i think .
Sirius Thanks for making me laugh out loud
Closing Prices Close . . . . 180.00 Open . . . . 180.40 High . . . . .182.60 . . . 16.00.46 . . AT Low . . . . . 178.80 . . . 08.06.41 . . AT MD Auc . . 2,127 @ 180.6p LSE Vols . . . . . . . 461 trades AT trades . . . 345 . . 74.84% OT trades . . . 116 . . . 16.28.40 CP . . . 181,957 @ 182.6p FTSE100 . . . 7,457.02 . (+75.01) . (+1.02%) Brent Crude . . . $58.65 . (+1.14) . (+1.98%) . . . (15mins delayed)
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