The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Far too busy to read the dozens of posts.
Can I have an impartial, concise and accurate update on today’s events ASAP?
Sure, people have gone mental. Switch off the phone / laptop and come back Thursday.
Midtheramp.
Opened, faltered, a couple of rns’s! Bybrook bought MIC sold again numbers are suspiciously close prompting speculation that they are in it together as the total of JPM Bybrook and mic are just under 30%
Much wondering about intentions but until we get past the 19th it’s all a bit pointless worrying
Tah Mark
I find it wise for someone to switch off the day.
We watched a heart monitor from 8am till 4:30pm
A few low pulse signals then an injection of insulin got us back up there...;-)
If an offer is to be tabled (which I doubt) it’s in all of our interests to hold. I’d like to see the minimum offer price higher than 30p, which means that any realistic offer would need to be much higher. All in this together folks.
Hereshopin you still here?
Are we aware of the Bybrook and JPM link?
In an alternate universe:
GJ and mgt bought shares in a business that sadly failed in the end.
A couple of senior risk folk joined in the hope of turning the business around but they misjudged
Then two major IIs began stake building putting millions of client money into a failed short term project .
The FCA despite defending customers forced them to take no compensation so as to put Amigo out of business.
The Legal partners freshfields were unable to deliver and lost millions through not securing a successful conclusion to the SOA.
The judge despite 95% of creditors stating what they wanted, decided it would be just to see Amigo go insolvent and customers get nothing.
Hmmm some alternate universe. I hope when stated like that people understand this is a ludicrous scenario and very unlikely.
Franky look who’s the prime broker and custodian
https://sec.report/AdviserInfo/Firms/170300/Form-ADV-170300.pdf
Evening Mark, (and the rest of the(LTH gang) i dont really understand what that document is read thought it quickly and both BB and JPM are named on it?
Bybrook LLP will swap equities for bonds. They can buy distressed bondholders out who are sat on a big loss and would likely want to exit as soon as for a reasonable cut price offer. We have to pay bondholders back i think in a year or so and we won t be in a position to do so. Hence Bybrook will be very well positioned to buy them out and make a tidy LT profit.
It’s a sec registration form for the Bybrook fund. Interesting to note that the addition prime broker of the Bybrook fund and its custodian is ….. “drum roll” …… JP Morgan.
Mark@1973 .. Yep, i noted that stated in section 24 and 25
Yes and I’m not sure what to make of it ?
There’s also a link between mic and JPM but I’m trying to get my head around this one first
So unbelievably MIC are into JPM for a lot of cash and JPM are also Bybrook funds additional prime broker and custodian
https://mobile.reuters.com/article/amp/idUKKCN21R1WA
Yet we are too stupid to work out that they may be in cahoots ! All looking a little fishy to me !
Thnks mark, the more i read this is looking really fishy , are we getting stitched up?
Don't let an overactive imagination kick in.
The only way anyone is being stitched up is in the event a 30p offer comes after the case is waved through and the BOD take it up. There is an alternative case which I will not discuss as it is not likely either.
I don’t know it’s so convoluted. What I’ve got so far is JPM is the prime broker and custodian for the Bybrook fund ( registered in the caymans ) mic originally had two entries on the register ( remember the confusion) and one was also caymans registered. MIC owe JPM or more accurately the Sovereign wealth fund does. Bybrook is owned by cairn and mediobanco. Mediobanco has ties to both JPM and MIC although rather tenuous links.
It’s not straightforward that’s for sure.
Insider knowledge. I reckon I know the alternative case and I’m not going there either!
I m not seeing the conspiracy theory that shafts us Mark. We have shares, they have shares. On the same side for now.
Mark, it sounds like you are mapping out the European royal family tree lol
Honestly the human mind is built to be suspicious of tenuous links. It is in our nature.
Nice house.. hey? Guess what I am planning upon doing on Thursday next week... :)
https://www.jamesedition.com/real_estate/angouleme-france/an-imposing-chateau-11310188?utm_source=criteo&utm_medium=display&utm_campaign=remarketing_eu&utm_content=&utm_term=67386012