Chris Fresno

Investor. Mostly Micro/Nanocap. Investing is hard. Cash-flow is king.

[Chris Fresno @FresnoCapital]

@evfcfaddict @dirtcheapeurope Absolutely. Great stack and funny way of writing!

[Chris Fresno @FresnoCapital]

#ENQ $ENQ.L
Crazy torque and EBITDA>1bn at much lower oil prices. Great play even if Hormuz does normalize.

[Henrik @Henrik115]

#ENQ after this acquisition it will be a 100k bopd producer. Mcap 475m usd. For the oil bulls there is nothing else like this. If you think Hormuz will not normalize this is the optimal play. Every 10$ -> EBITDA sensitivity of 350m usd. My guess mcap is priced for 65$ oil

[Chris Fresno @FresnoCapital]

@DLSermersheim I labeled this one as "probable scam" in my research ...

[Chris Fresno @FresnoCapital]

@Tobias222225 They still have a million Series A convertible outstanding, no?

[Chris Fresno @FresnoCapital]

Long #THS $THS.L
Doesn't need PGM prices to stay so high to work out.

[Share Money @shareGBP]

#THS Worth highlighting the value here. Company owns circa 70% of Karo Platinum development with current NPV of circa $1.3bn. Then there's the small matter of the PGM and chrome opps in SA that could well see Np after tax of circa $200m this year. Current EV circa £320m. Tp 180p

[Chris Fresno @FresnoCapital]

@Premski_SGP Which book is this from? Thx

[Chris Fresno @FresnoCapital]

@OlivierColombo @RetailInsider_ Congrats! I might have to take another look.

[Chris Fresno @FresnoCapital]

Most recent sells: $AET.L #AET $VLE.TO
Most recent buys: $ASE.V $ENQ.L
added to: $SNWV $TZOO
watching from the sidelines and crying: $WATT $TOYO
hit me up if you want to talk

[Chris Fresno @FresnoCapital]

April Portfolio Update

Cash (24%) - ready to deploy but also happy with the optionality currently
$IFA.TO
$KIST.L
$TZOO
$KUYA.CN
$ENQ.L #ENQ
$NURS.V
$THS.L #THS
$SNWV
$ASE.V
$ACOG

[Chris Fresno @FresnoCapital]

@AlmostMongolian Same thing happened before. I refused to sell and rode the whole thing down to 6c and back up 🫠 i don't trust this Mgmt team since

[Chris Fresno @FresnoCapital]

$TZOO good update. I added premarket.
Continues to buy back stock, huge insider transactions and market starts to be less worried about the subscription model. I''ll be looking for comments about renewal rates in the call.

https://t.co/k94btxmAaN

[Chris Fresno @FresnoCapital]

@LionheartInves1 Probably Endowment bias.
The way I think about a company changes completely whether i own it or not. Hard to get rid of for me..

[Chris Fresno @FresnoCapital]

@Tobias222225 @CapitalShipyard Thanks Tobias. Still doesn't really add up. And I'm missing an explanation. Why were more than 10% of the systems discontinued?

[Chris Fresno @FresnoCapital]

$SNWV I'm very confused by these results. Positively surprised by the 255 systems sold. But to fit that to the quarter revenue the sales price seems to be lower by 10% and usage per system in field dropped some 20%.

[Chris Fresno @FresnoCapital]

@CapitalShipyard I could only find the systems in field figure which dropped from 1416 to 1292 despite selling 255 systems. But no explanation. Did you find any additional info?

[Chris Fresno @FresnoCapital]

And to match it to upper end of guidance they'd be selling only 130 systems at the same price and usage even lower. Seems like a sandbagging guidance but the Q is almost over... Looking forward to the call..

[Chris Fresno @FresnoCapital]

$IFA.TO this Q1 guidance is crazy growth. Probably not to be repeated in Q2/3 but very impressive nonetheless
https://t.co/hhkbxUYtgk

[Chris Fresno @FresnoCapital]

Good summary of Afentra $AET.L

[Stuart @ds_lyons]

Caught up with the Afentra #AET trading update out today. Lots of new info. #AET has spent three years quietly assembling an Angola portfolio — and 2026 is when it all starts to come together.👇

[Chris Fresno @FresnoCapital]

The world is healing?

[Chris Fresno @FresnoCapital]

@david_katunaric Yeah that number is crazy. Can't really fathom it. I can't imagine he'd be the only one involved in the scam.