SEAL Advisors Ltd

Research services for corporates

We use a network of experienced financial analysts to write investment research style briefings on UK, US and European companies. Our briefings typically include: • Company background and corporate strategy • Sector and peer group analysis • SWOT analysis • ESG summaries • Interviews with independent experts • Management interviews • Social media links • Scenario projections They do not include detailed forecasts/valuation models, target prices or buy/sell recommendations. NB These briefings are classified as Corporate marketing material and not independent research under MIFID II, and are therefore provided free to investors.
Visit provider site at http://sealadvisors.com/

Latest Content

Verditek Plc

Verditek (VDTK): Light, durable and potential for significant growth

Verditek’s core lightweight solar PV business is positioned in an attractive secular growth market with strong regulatory and technological drivers. Recent management changes have resulted in the company focusing on sales execution and moving the business into the initial phase of commercialisation. With first orders for its solar PV modules already in place, the company should report its first revenues later this year. Recent contract wins in the oil gas and mining sectors will act as reference contracts for future wins in the off grid solar market. In addition to energy and mining, significant opportunities exist for Verditek’s lightweight and durable solar PV product in the marine, telecoms, residential housing, commercial real estate and transport sectors. From its plant in Italy, the company has sufficient manufacturing capacity to produce up to 60 MW per year of solar modules (based on triple shift production). The Paragraf joint development program (to produce a graphene integrated solar PV cell provides a source of substantial optionality within the solar business.

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14 Oct 20
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The Shadow Price of Gold – August 2019 update

• This note provides an update to our previous analysis1 which relates the US monetary base to gold reserves to derive an implied or shadow price of gold • Our updated estimates imply a shadow price of gold of $12,620 and $3,155 assuming 100% and 25% monetary backing respectively • Using the shadow price methodology in conjunction with the historic gold-silver price ratio we calculate a shadow price of silver to be $220 at 100% monetary backing and $55 at 25% backing • Since we published our initial research one year ago, gold and silver prices have increased by c30% and c17% respectively • The recent gold price rally has been driven primarily by falling bond yields and concerns over global growth • Over the medium-to-long term we show that a relatively limited increase in the medium- term inflation rate could have a significant impact on the price of gold • We conclude there remains significant upside potential for both gold and silver prices and believe they deserve a place in a diversified investment portfolio

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15 Aug 20
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