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That really is not a good investment tactic to let you investment crash & burn. It's always far better to protect your capital, and reinvest it when things are a little more positive, at least you will have more of your money to reinvest then.
One of the trading rules I try to stick to is not to sell at a loss regardless of the situation. So I'd rather crash and burn than flog my shares now.
The last time a broke my rule was 2018 when I sold capita for a loss of £100
Situation appears dyer I agree. If we reach 20p I'm topping up.
Like I said. Crash and burn
GLA
Same. It's a shame as there is some good potential in the company portfolio but the whole Allied Minds management is very poor, so I'm out now too before death spiral.
I'm waiting for the death spiral :-)
Good luck to you all. Shame the BOD have been such a car crash.
Likewise, sadly im out. Cant have a holding in my ISA delisted.
All the best everyone.
The management here are beyond a joke, they would make Woodford look professional. With them now checking out the best way to keep their obscene salaries whilst having no responsibility for their actions, I’ve decided to exit and see where things go. Still believe in the investment companies but have already been in a company that delisted and lost 70%. Once bitten, so I’m off for now a sincere good luck to holders you are going to need a lot of it
Good decision. Its going to delist.
Can't see this going anywhere so I'm selling out. Good luck everyone.
Not sure it is as simple as let’s move to AIM. Some of the large institutional holders may have specific rulings in their mandate that they can’t hold aim shares for example . I imagine lots of discussions going on regarding best way to realise value. Our main holders invesco, crystal amber etc are having a very difficult time re performance so pressure may be on management to try and realise value.
Time will tell and Covid has not helped . My biggest concern is a fire sale which I hope does not happen.
I noticed volume was high with over 2m shares traded.
Looks like the BoD dont know what they're doing. Sell up and invest in something more reliable.
While I still have an input, the COVID excuse to losing 9 months research doesn’t wash wilt me. I have not missed a days work since this started. Hospitality maybe but research on magnetic memory?? No reason this should have stopped.
At least I’m now enjoying painting my hallway. Vowed never to paint again after the experience I had painting my bedroom when I was 15. It’s going to take me a week at least!
To many unknowns for me Echo. I had a look at the military contracts Fed are involved in and there’s were a lot of other top companies involved.
As far as Spin goes Heading North the last I read was ALM won’t be funding anymore research. Whether true or not I don’t know. If it keeps going down to say 20p I might come back in but I’d be happy for you guys if it goes up.
I'm sitting on around a £1500 loss ATM
But I still have a small amount of optimism here.
I know I keep saying but feds potential is huge. And it will (I think) become bigger than allied minds given a chance.
I do however wonder what will happen if they re-list to AIM or take the company private.
Either way I'm not selling. This is becoming a boom or bust for me now
Happy to hear opinions.
It's a shame, but I'm sure it won't be long before we hear of some strong positive news from SPIN or FW soon.
Thought I should let anyone know that’s interested. £2.5K of losses which is a lot for me. My head ruled my heart on this decision but what do I know. Hopefully things turn round for the good guys on this board.
Why didn't they do it a few years ago, after all AIM is the natural hope for small cap tech companies.
Listing cost for AIM around £200k per annum. Makes sense.
From the RNS :-
"The Group's net cash position of $24.6 million as at 31 December 2020 combined with the significant cost rationalisation actions taken by the Board ensures that Allied Minds is well placed to deliver and realise the intrinsic value of the portfolio for its shareholders in the years ahead. For 2021, annual headquarter operating costs are projected to be $5.75 million, below previously provided guidance. Of this amount, $2.6 million is for recurring management expenses and $3.15 million is a result of the Company's public listing. The Board recognises the significant cost of being a listed company and remains focused on how such costs could be reduced."
The listing cost is $3.15 million on the LSE main market. If we switched to AIM that must surely be cheaper.
Obvious the 9 month delay to Spin Memory is disappointing. However, we do have $24.6 million and the portfolio companies otherwise do appear to be progressing although they are a few years from a good exit position.
Sounds like a disaster to me
Let’s see if a buy out offer emerges. If we assume that the investments will ultimately come good then surely the listing cost is small change in the long term? So talking about a delisting could persuade some to take cash now as opposed to having an unlisted investment. Unlisted means a virtual lock in as although the shares could be traded on the OTC (where it’s matched bargain trading only) it would be difficult to buy and sell shares.
What does delisting mean to us shareholders. Doesn’t sound good
"Since June 2019, the Allied Minds Board of Directors (the "Board") evolved and by March 2020 the current Board was in place. Since that time, the Board has performed an assessment of the portfolio and continues to critically monitor the progress and development of each of the companies in the portfolio."
The above sounds to me like it is Crystal Amber that are pushing for the delisting and not the BOD.
Yes as I’ve said I bought back in. Actually wasn’t going to but I did. Always appreciate honest opinions however some of the BS I’ve heard here over the last 12 months... I’d advise to get out of here as soon as you can. Maybe take the kids Echo. I’m certainly thinking about it. I bought back in at a lower price and I’m still down 20%
You do have my sympathy Nuck
You sold once you broke even and then bought back in at a lower price - is that correct?
I'm in no position to sell - my b/e is 43p
Federated Wireless is still the reason I'm invested here. But if they de-list I'll no doubt lose ££
GLA :-(