I think I'm with you on this one, bretty. On the number of shares I own I've got back £11,000 from the last two payouts and there's potentially another £50K if we get back the whole 11.4p of the NAV. I guess the thing I'm looking for is whether there will be any equity value left as additional payments are made or an opportunity to invest at a good discount in anything that follows after SPARK is 'wound up.' As with you, I'm a bit wary of any potential legal battle and whether an injunction is sought to stop further payments until it is resolved.
8 Jan '14
I didn't see that IC reprot - can you summarise? For my part, I don't see the last RNS as "shocking". The NAV remains well above the S/P and there was always going to be SOME investment disappointment in the portfolio - (when is there not?). On balance, I would have said that the portfolio performacnce is actually quite encouraging but, then again, I may be wearing my rose-tinted spectacles.... I've been holding this for a long time now and I'm generally pretty satisfied with the current management performance. I would like to know a little more, however, about the departure of the founder and the potential legal spat..... BT
6 Jan '14
Loooks like a an opportunity to buy more, spread a bit of a drawback though. I got iin too late and am now nursing a loss.
6 Jan '14
as a sell in IC today, not suprised given the 70% profits but the shocking last RNS
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