Enslinjaco

Keith the discounts only apply to their open market home sales, which historically have a 12-15% margin. So discounting 10% still leaves them in profit while unlocking working capital which alleviates any liquidity concerns. The 8% margin you reference is the group wide margin including partnerships.

Spring open market sales are a tiny bit of their turnover and being achieved by heavy discounting. If the have 8% margin and discount by 10% then you do not make strong profits. That is why it seems their suppliers are being asked to take payment holidays and/or reduce prices. proactiveinvestors.co.uk/companies/news…

A sector in serious distress!🏡 The UK house builders cannot seem to catch a break at the moment as the four major players are down -27% on average over the past month. I completely understand the bearishness on the sector, interest rates look like they could be heading back up as oil prices soar. For me though, as a long term investor who is happy to hold for 5+ years, this feels more like an opportunity than risk. The UK has a chronic undersupply of homes meaning they are millions of homes short. Government targets are for 1.5m homes & planning reform ‘could’ boost output. The demand is clearly here and people WILL prioritise a roof over their head above all. It’s a matter of time before we get going imo and I’m willing to buy and sit on it for the long term. There are obstacles on the path to recovery, there is no doubt about that. Interest rates are a major part of a housing boom & if they start to rise again, it could mean even more damage for the house builders. Higher rates, labour shortages, and elevated material costs all create real pressure on margins and timelines. If rates stay higher for longer, the recovery could take time to play out My two picks from the four are #TW & #PSN, I am going to add more to both of these holdings over the next few months with a long term approach. As always, DYOR.

@antoniovelardo_ @SharpInvesting1 @Frederik_1234 Their gearing covenant is calculated on period end net debt. Not avg daily net debt. Very hard to see VTY breaking any of their covenants.

@SharpInvesting1 @Frederik_1234 the working capital ,or daily debt ,they have a gearing covenant. you made a mistake in the analysis , that cost you a bit of money i guess. you focused on debt net which is low 144 mil, but you need to check the capital htey need also to build versus the loan facilities $VTY

Adding to $VTY Vistry position on this collapse. Currently a Ben Graham Net Net(!!) and less than 7x TTM EPS with growth on the way... Either I am retarded or EMH (and UK analysts) are. We shall see in about 18 months time

@Floebertus The incentive is not to rebuild your org’s saas internally. It’s to replace the humans clicking around in the app. Rebuild saas internally, save $100k; Replace 3 employees with agents doing the clicking, save $400k.

Sure, Netflix can supply instant content streaming, but they can't disrupt video rental stores. They simply don't have the content library, supplier relationships, local customer base, in-street visibility and understanding of popcorn. Same with AI disrupting SaaS

@markcboon Well at least he didnt say "next quarter" once during this call. Instead changed his wording for commercial delivery timelines to "imminently". He's probably been told people are calling him Paul "next quarter" Mann.

$ASPI Again these fucking O-rings. For four months now. Gimme a break.

$VTY.L Greg Fitzgerald has moved to back the business with his own money, snapping up £893,000 of shares constructionenquirer.com/2026/03/12/vis…

@HFI_Research @MarineTraffic How are there still a couple of ships sailing through if it's allegedly been mined?

@broheim777 Don't you think MSFT is more likely expanding to the Tract property right adjacent to them as opposed to the SSOF land?. Tract site (1,063 acres and 700MW capacity) is specifically being developed for a datacenter with no mentioned customer yet: tract.com/project/sapphi… pic.twitter.com/XZzzBh4Zvt

$LODE this is a map of the 2500 acres that sits within SSOF and it location in relation to some other properties:

$LODE, I have said for months that SSOF is a major part of the investment thesis. This is not to say that recycling is unimportant. The ROI on the recycling may in fact be exceptional but it depends on whether the unit economics hold true.

@VagabondRTW @mr_deepvalue Sir they are already guiding to mid-single digit decline in FCF this year. revenues != FCF

@mr_deepvalue Revenues are still growing. People are talking about PayPal as if it’s JCPenney. Y’all need to get a grip.

Will Paypal generate $40B+ in distributable cash-flow for its owners during the rest of its remaining life? That's the question...

The lab TESTING the enrichment factor of the isotope and Aspi DOING the actual enrichment are two completely different things. Aspi said there are only 9 engineers that know exactly how their enrichment technology works - its why its not patented and instead they rely on keeping it a trade secret. If so then how do one of their “customers” know better than them how to improve the plant?

@jenslin_ The other company as he said is 1/2 who have the right labs for testing, you don’t think that’s a sign that they also have competent engineers who could help improve efficiency? NVIDIA has had delays in shipping AI chips, why would you expect them to get it 100% right away.

$aspi says their customer visited their si-28 plant and told them how to improve it😂. If their technology was really revolutionary and a trade secret then how do some random outsiders come in and know more than the inhouse engineers? This co is a joke and the excuses become more comical each time.

GoogleAIStudio is going to bury the vibe coding competitors. $wix at 10x might seem cheap, but only if they are even still around in 10 years time.

Big news for $BFIT shareholders! Financial newspaper Capital reported yesterday afternoon that there is a lobby underway for a lower VAT rate for gyms in France. Currently, gyms are taxed at 20%, but a parliamentary amendment from French MPs proposes a reduction to 10%.

$ASPI - The CEO said 5 months ago that they don’t need any more capital. Since then, they have obliterated shareholders with $400m in dilution. Didn’t even bother to mention what they are going to use the proceeds for during the business update. Obvious answer is to expand their plants, but they also keep telling shareholders how low their capex for new plants are ($5m for laser and $30m for ASP). Wtf they need $400m for and why not tell shareholders? - They keep raising capital and making acquisitions (5 this year?). CEO also added himself to the board of SKBL to draw an additional $160k per year in salary – I guess the ludicrous compensation he already receives is not enough. We’re supposed to believe they did proper due diligence on all acquisitions in a couple of months and integrating them is going to be smooth sailing. Got it. - They guided at the start of this year that they will be FCF positive by end of 2025. In reality they are burning more cash. - In 2023 they said that they signed a Mo-100 contract for something like $20m per year. They then just never mentioned it again and never delivered anything? - The stock deserves the sell-off, that being said ASPI is now trading at $400 EV (incl the cash from capital raises in Oct and Nov). If you believe the 2030 guidance for ASPI plus QLE Terrapower contract to come to fruition, you are looking at a fwd EV/EBITDA multiple of 3x (accounting for the Renergen debt also). - Conundrum of cheap company with seemingly promising tech/scientists but a management team whose words can't be trusted and do their utmost to screw shareholders. Will probably keep my shares just to learn a lesson.

$ASPI Interesting comments from Renergen’s CEO regarding the state of affairs at the Virginia Gas Project from recent podcast (podcasts.apple.com/gb/podcast/the…). - Regarding the current phase 1 plant status: “The plant works. It's built. It's tried. It's tested. There is nothing wrong with the plant. It produces and it produces to a remarkably high level of purity. We've still got to run a couple more tests on the liquid that it's producing, but it certainly surpassed the design specifications of what they said that it was. So I suppose there are some silver linings to the pain that we went through. But now it really is just the case on completing the drilling and ramping up to full nameplate capacity on phase one.” - Historical Phase 1 problems stemmed from plant manufacturing faults and non-disclosure of those faults by the OEM. This required Renergen to reallocate budget to fixing the OEM’s mess instead of using the funds for additional drilling. - One would hope they have learned from the mistakes and phase 2 would come online smoother.. - “We actively seek out new use cases for helium and we've got a couple of ideas and we're spending time and money and resources on developing those ideas so that we create new use cases for helium as a product.” ~ This probably relates to enriched Helium isotopes. - All funding to complete VGP phase 1 + 2 has been secured. Phase 2 aimed to be online by 2030.

@jakubhajost What a strange response to an attempt at a reasonable discussion.

@jenslin_ Now listen, all this information is out there, freely available to everyone. Do you expect my restating it over and over to change your mind? Or do you think I know the future? I'm betting on a dominant player in APM market who knows what it's doing. You don't have to.

Looks like eBay will try to reintroduce #InPost in the UK to its simple delivery solution. InPost is definitely listed there, but so far there's no option to enable it. I'm so waiting for this. Right now there's only Royal Mail, Evri and DHL.

@jakubhajost Not now, im referring to in a couple of years if Allegro doubles their number of lockers?

@jenslin_ That's impossible. 8k Allegro APMs can't match 8k Inpost APMs. Not by the size (number of compartments) nor by the utilisation. Inpost has 70% of all APMs compartments in Poland. Whole competition has 30%. Allegro cannot do peak without Inpost as it stands.

My concern is if Allegro decides to remove Inpost as an option for delivery from their platform. This would reduce $Inpst annual FCF by ~PLN600m. Their contract expires by end 2027, and Allegro is clearly ramping up their Onebox expansion (8k lockers). Maybe Allegro's aim is to have enough lockers by 2027 to be able to remove their need for Inpost.

@jenslin_ Inpost volumes are growing in Poland. Revenue outside of Poland is 54% already. What do you think?

@jbjunk69 @yomommasay @CDe_Gasperis they have 4-5,000 tons of panels currently

@yomommasay @CDe_Gasperis I read the presser but it didn't really say much to be honest. Do we have any idea how many panels Comstock is currently sitting on?

Very proud of our team achieving a first-of-its-kind foothold in the largest, most important region for solar recycling. Permitting this leading, zero-landfill process was no small feat and strengthens our market leadership. #comstockmetals #criticalminerals $LODE

@jbjunk69 @yomommasay @CDe_Gasperis Those 100k tons need to go somewhere regardless, so might as well go to the Lode facility. Don't see 14 trucks a day as being a problem?

@yomommasay @CDe_Gasperis A semi-truck can deliver ~20tons of panels at a time, so to reach 100,000tons of panels per year, the logistics matter a whole lot as they'll have to coordinate 5000 deliveries per facility per year. At full capacity, that averages out to almost 14 full truck deliveries per day.