Here I present a list of links to services that I use. They are selected without (conscious) fear or favour and some of them don’t even pay me a kick back! Many of the links also give you a discount or cashback that is not normally available.
CMC Markets – Craaazzzy Cheap
In my previous article I hopefully helped explain some of the reasons why CMC Markets got down to a sub £370m (130p) valuation. Since then it has issued a major profits warning following a weak August, with the share price currently around 105p (£300m market cap). In this second part I try to explain why this is far too low.
Continue reading “CMC Markets – Craaazzzy Cheap”Can’t keep a good man down
Note: I currently hold shares in CMCX and this article is part one of two.
Investors hate CMC Markets right now, marking the share price down by over 75% between April 2021 and today. And who can blame them? Current year EPS is forecast to be down three quarters for its 2021 peak, a stark contrast to competitor IG Group which expect to report record results.
While investors set the share price, responsibility for the financial performance falls directly at the door of founder, CEO and 62% shareholder Peter Cruddas, who purported employees claim exercises absolute power over decision making at the firm. And like CMC’s stock, he’s difficult to love – to quote from an appeal court finding over the cash-for-access scandal that led to his resignation as Conservative Party Treasurer in 2012:
Continue reading “Can’t keep a good man down”Mello – May ’23 Preview
My sincerely apologies for potentially misleading people, but many of the companies I wrote about are not in fact attending. I have contacted the organiser for an explanation as all the companies below were advertised as firm attendees in the lead up to the event.
The Mini Guide is here.
Physical Mello has previously been by far the best conference for serious private investors. As well as keynote speakers and panel discussions, around 30 companies present at each event.
Continue reading “Mello – May ’23 Preview”UK House Prices
I’m a full time stock market investor for good reason, but it has to be recognised that there are several major advantages to owning your own home and that fortuitous timing when buying your first one, when upsizing and when downsizing can make a significant difference to your wealth.
This article has been inspired by the long running website and forums at housepricecrash.co.uk, and the following chart:
MPAC Sold
This is just a quick note for readers of my blog who may not have seen the discussion on Small Caps Live since this morning.
In today’s update Mpac say:
Continue reading “MPAC Sold”The Group had an improved H2 22 over H1 22 and expects to report full year revenue and underlying profit before tax in line with market expectations.
Mello – Nov ’22 Preview
Physical Mello is by far the leading conference for serious private investors. As well as keynote speakers and panel discussions, around 30-40 companies present at each event.
For November’s event I have once again researched every public company appearing and written them up. I have also produced a miniguide here.
Continue reading “Mello – Nov ’22 Preview”Mpac – FREYR Progress
In my previous article I detailed my research into Mpac’s battery cell manufacturing prospects, referring in my conclusion to “interim developments that could be announced at any time“.
On Wednesday (29/6/2022) FREYR announced that they had sanctioned construction of their first gigafactory. This will now be called “Giga Arctic”, a vast improvement on the old name of “Combined Gigafactories 1&2”.
Mpac – Battery cell manufacture
In my previous article I looked at Mpac from the perspective of information published by them, including a run down of all the things that could go wrong with their contract with FREYR. Here I reveal the fruits of further research into that contract.
Sources of information
The other parties to the contract are FREYR, but also indirectly 24M from whom FREYR licence their technology. And it appears that 24M were instrumental in Mpac getting the contract – from the original announcement:
Continue reading “Mpac – Battery cell manufacture”
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