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Check out MHC barchid. Another good RNS this morning. I used to call them the Mercia dog. Lord forgive me for I have sinned.
Scharnhorst
A class response, my hat off to you !
There would be no Bolan or Agnetha Faltskog without Doenitz pioneering blue eye shadow in the Eldorado on Lutherstrasse. In later years any rating caught amidships after acht bells without a pocket mirror and emergency lippie was taken below decks for a good stiff talking to.
https://youtu.be/hqAOj6pLoA4
Captain
Very good but do you think your Admiral Doenitz would have approved of T Rex ?
As an alternative melody could I suggest "aint no mountain high enough".
Any ideas appreciated. This sums up my current feelings about the market.
https://www.bing.com/videos/search?q=youtube+easy+action+t+rex&docid=608017174275623968&mid=7B19702B725C5BD2F3A17B19702B725C5BD2F3A1&view=detail&FORM=VIRE
Thanks Boards)OfUK. Not feeling too clever with reinvestments at the moment, but need more time. Polar Cap Holdings has figures next week and bought some there with proceeds of another I sold ex div. I sill like MERC but its a small market. With my last few bob I noticed BIG, a newly quoted co founded by the rather smart lady behing Confused.com, so bought a verythat small parcel there. May well increase there as and when funds become available. Rather happy right now with Investec though. Nice to hold an occasional real winner! All the best , OBNW
Indeed our wishes to his family.
Pimberley does look very interesting but, tbh, I do prefer playing stocks like that through VCT's, I know, I am a wimp, but I do like the 30% off on the way in and 2020/21 has been a great year for disposals by vct managers with the cash raised being repaid in tax free divis.
Pays for the odd lobster...
@ Barchid : And God bless Ado Campeol and his wife & family. The inventors of Tiramisu.
The new Pimberly (e-commerce enabler software company) lobster, looks interesting. Digital e-commerce & Stateside exposure being a big plus.
Boards
I fear the "lemons & plums" brigade are still hoping for some creamy Tiramisu...
@ OBNW : Congratulations on your UAI scoop :) Sounds like a nice present. I confess, i've never looked at UAI until your post, so well done for backing that one. And I hope adding to your Merc stock will bare fruit (looking good ATM). Barchid & Scharnhorst seem set on lemons & plums ? Still have my not so large stack in Webis, so fingers crossed. I hope you have banked some profit for a treat. Risk reward and all that. Well done !
...a double up here today.
///with agreed bid for UAI so doubled up here. Would not be surprised if these also are on the receiving end in due course.
Merry Friday to you also Barcid.
Do I detect a retro 70's joke ? you just can't talk about sheep like that any more in the modern world. Pro sheep activist may be monitoring.
And a merry Friday to you too Boards !
Glad to hear that you are into sheep, like the Welshman who took his "girlfriend" to the pub on a Friday night & tethered her to the lampost outside whilst he went in for a beer....
Sorry, I know it is a very old one but it seemed to fit somehow.
" No debt and loads of cash" + a dividend. I think Merc's share price is ripe for a break-out.
What, with NDreams and the start of the Metaverse. I'm sure that Merc may also consider my own project - "Fetaverse" a virtual Greek cheese emporium in which the customer travels around the various cheese selections on virtual goats that communicate in the customers native language. "Cheeses 4 ewe".
Herr Scharnhorst
As a long term eis investor with them I know all about lemons ripening before plums....
They do have some in their eis portfolis which look hopeful to me but "big brother" normally goes in on a suitable further fundraise. As you say a lot of cash and looking to raise £50m more for Northern vct shortly, so a question, if an eis looks promising enough to go in to a vctas a follow on investment not a start up, who decides if the vct get it or big brother ?
I suggest we know the answer.
They seem to be short of ideas for a cash pile that is losing value in real terms. They hit lucky with Oxgene by riding the coattails of Prof Seymour. I've trawled through their portfolio via companies house, and while there's potential, I'm not seeing anything close to repeating the £100m trick this financial year.
Rather that than investing it quickly and poorly!
Since March they’ve invested 3.5m of the 55m stash. There’s a lot of cash sitting doing nothing.
Latest RNS today software for our boys in blue. Looks alright to me. This looks fine for the long term but not going to light any fireworks. That's fine.
Looks like Merc are trying to push their shares a bit, & their EIS funds with a webinar next Thursday at 16.00 featuring some of their exits etc.
Seems like their emphasis will be on Locate, Source & Axis in this puff.
Encouraging to see a bit of PR, though something inside me is asking if we are coming up to some option expiry date....
Good point given about 15% of reported NAV is intangible related to the acquisition.
Actually I pretty much agree, but the largest sincle component of AUM is, I believe, Northern vct and their performance since 2016 & the new rules started has been glum, tbh, whereas previously they were stellar.
Note that at least 1 of the 3 head honcho's who sold out to Mercia has already walked away.
Given Merc's expectation of Northern this could be a warning.
Northern are due to attempt a £50m fund raise this tax year, if they succeed OK, if not take care as vct's generally have been flying off the shelves so far this year.
I think a progressive dividend should provide a support level here(assuming no market meltdown) so I'm happy to be patient. I suppose we've got to be . The risks seem well spread.
silver
Welcome to Mercia land, realistically it has been forever thus.