adrianc
Member of DD Central
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Post by adrianc on Nov 2, 2021 9:54:49 GMT
Actually I just noticed the thread title, does this company use hydrogen fuel cells ? No, they're a BEV pickup truck manufacturer. 20% owned by Amazon.
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Post by Deleted on Nov 2, 2021 12:48:21 GMT
Out of interest who is going buy the Rivian IPO? I'm expecting at least a 25% lift in the first 24 hours.
(this is not advice, just an opinion)
I take it these shares are not available to us until they become tradeable on the IPO day ? What's your plan if the market is already 25% above IPO price when they become tradeable? Do you just pass?
Actually I just noticed the thread title, does this company use hydrogen fuel cells ?
Rivian is a Tesla clone so no H2, only battery.
Do I pass if I can't get the price I want? Well I'm not a long term investor in Battery cars so I have no long term wish to buy and hold. I see it as a quick in and out (24 or 48 hours tops) and frankly I don't have any uninvested cash at the moment (any everything is sitting on large capital gains to make it worse), but I expect more like a doubling in the short term and then a rapid pull back once the institutions have filled their boots. So this would not be an investment, only a punt. Still it will depend on market conditions at the time. A week is a long way away.
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Post by Deleted on Nov 9, 2021 17:51:14 GMT
Just an update from HL on Rivian
"Rivian Automotive shares are expected to start trading on the US Stock Market from 2:30pm tomorrow under the ticker RIVN.
This will be the first chance for UK investors to buy shares in the company.
On the first day of trading, it can take several hours to get a live market price. During this time, it isn’t possible to buy or sell the shares.
Investors can deal the shares through HL once there’s a live market price and trading and settlement has been confirmed by the UK clearing and settlement service. "
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Post by overthehill on Nov 10, 2021 12:25:37 GMT
Just an update from HL on Rivian
"Rivian Automotive shares are expected to start trading on the US Stock Market from 2:30pm tomorrow under the ticker RIVN.
This will be the first chance for UK investors to buy shares in the company.
On the first day of trading, it can take several hours to get a live market price. During this time, it isn’t possible to buy or sell the shares.
Investors can deal the shares through HL once there’s a live market price and trading and settlement has been confirmed by the UK clearing and settlement service. "
The IPO price was $78, it was expected to be 72-74. A short while ago 57-60 was being touted. About $20 of frenzy and hype. Not much debt, the losses are being bankrolled by new shares. I might buy a £100 if they appear in the non-premium Freetrade account !
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adrianc
Member of DD Central
Posts: 8,983
Likes: 4,810
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Post by adrianc on Nov 10, 2021 14:35:31 GMT
Just an update from HL on Rivian
"Rivian Automotive shares are expected to start trading on the US Stock Market from 2:30pm tomorrow under the ticker RIVN.
This will be the first chance for UK investors to buy shares in the company.
On the first day of trading, it can take several hours to get a live market price. During this time, it isn’t possible to buy or sell the shares.
Investors can deal the shares through HL once there’s a live market price and trading and settlement has been confirmed by the UK clearing and settlement service. "
The IPO price was $78, it was expected to be 72-74. A short while ago 57-60 was being touted. About $20 of frenzy and hype. Not much debt, the losses are being bankrolled by new shares. I might buy a £100 if they appear in the non-premium Freetrade account !
...$78/share means $66.5bn valuation... Even at $52bn, Forbes were saying "massively overpriced". www.forbes.com/sites/greatspeculations/2021/11/04/even-at-a-lowered-valuation-dont-buy-rivians-ipo/At $52bn, market cap would have been on a par with Honda (all of Honda, from aero engines to robots to motorbikes to lawnmowers, not just cars). At $67bn, it's between Stellantis (Fiat-Chrysler-PSA) and BMW, and Ford... For a company who haven't sold a single thing, ever, and who are burning through funders' money by the billion. The valuation is on a par with Nio - an established EV-only manufacturer, who had $2.5bn of sales revenue last year, and who delivered 24k vehicles in Q3 21... Three model current range, 140k total deliveries... It certainly sounds a tad spicy... But then I don't understand the cult of St Elon, either... File under "bubble". It'll probably go through the ceiling.
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Post by Deleted on Nov 11, 2021 10:16:09 GMT
I didn't have any spare cash but this morning $108
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Post by overthehill on Nov 11, 2021 10:30:06 GMT
I didn't have any spare cash but this morning $108 I don't even know if they were tradeable on HL yesterday, they are still showing 72-74 on the deal page. All the institutions jumped on the exclusive bandwagon as usual to make their self-fulfilling profits before the plebes get a look in. I would have bought at $57 or even $72.
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Post by Deleted on Nov 11, 2021 11:00:07 GMT
Halifax sharedealing had it live last night in the $86 area
$116 during the afternoon
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adrianc
Member of DD Central
Posts: 8,983
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Post by adrianc on Nov 11, 2021 11:53:12 GMT
I didn't have any spare cash but this morning $108 So $100bn market cap. That would make them the sixth most valuable car manufacturer on the planet, ahead of both Ford and GM, not far behind Daimler-Benz. companiesmarketcap.com/automakers/largest-automakers-by-market-cap/BYD, roughly equal with VW for third, is a Chinese manufacturer. $10bn revenue last year, roughly half a million vehicles built per year, roughly 50/50 electric and ICE, so about 1/4m EVs/year.
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Post by Deleted on Nov 11, 2021 15:59:32 GMT
Market cap is always interesting and is just a mathematical construct. The first share might be worth $116 while the last might be worth $1 we will never know
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adrianc
Member of DD Central
Posts: 8,983
Likes: 4,810
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Post by adrianc on Nov 11, 2021 16:21:21 GMT
Market cap is always interesting and is just a mathematical construct. The first share might be worth $116 while the last might be worth $1 we will never know Can 852m identical things really have values so widely differing?
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Post by Deleted on Nov 11, 2021 16:58:34 GMT
well a glass of water in a desert has a different price if it is an lake
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Post by Deleted on Nov 12, 2021 15:08:36 GMT
RIVN gently pulling past $129 this afternoon.
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adrianc
Member of DD Central
Posts: 8,983
Likes: 4,810
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Post by adrianc on Nov 13, 2021 9:22:26 GMT
RIVN gently pulling past $129 this afternoon. Ahead of Daimler, closing rapidly on BYD and VW... If it clears them, which would be around the $150 share price, then next stop Toyota - which would need $275ish. Tesla ($1,150ish) might be a step too far. Great spectator sport, but utterly mental in the real world.
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Post by Deleted on Nov 13, 2021 10:10:06 GMT
I suspect this is abolute evidence that the share price is not always connected to the business. I chatter on LSE a fair bit and the number of dumb asses new investors who ask for reasons as to why a share price has gone up or down and get really upset when the facts of life are explained to them
real life is $84 to $129 in 24 hours, why did Del Trotter work so hard?
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