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Equity for cash & Lemons & plums, ..... Cheers guy's.
Cash reserves, runway, loan expiration dates and asset impairments should be of much focus in the current climate.
It's all looking very squeaky, a state the Fed would like us to be in "The Big Squeaky".
Apart from Sense, which they thought to be a cracker, and jumped in at the end of a refinancing thinking it's sale or float was in the bag they have more lemons than plums to choose from, however they do get first choice on the plums.
My guess is they will continue to milk their EIS investors by jumping in as something is about to take off but the VCT investors have much more protection (& pay high relatively fees to boot).
I follow their house stock purchases with interest, as you can imagine.
The direct investments are financed with cash for equity. For me the biggest risk is if partners baulk at a funding round and merc can’t carry it on their own as happened with sense. merc’s stake was far too small and they were at the mercy of a big investor who pulled the plug on further funding
Zombie shake-out ref. debt refinancing in 2024.
Refinancing SMB's in 2024 will be more expensive. - Ques. Does Merc offer favourable financing to it's direct investments, or are they exposed to market conditions ?
:) I thought my nightmare would stimulate some controversy.
I’m thinking you maybe need Eyoto’s services ahead of Warwick’s Boards. Your first mate might get some attention at an Eldorado lock-in, but would be walking the plank off my vessel.
Which reminds me... I must buy a new pair of nut crackers..
Cheers Barchid
Boards
Fair comment but I know which one I'd prefer on my "Riley green canal cruiser"...
Barchid :
Interesting . Kuenssberg is built for opening locks, but Kardashian could negate the need to stow a life raft and fenders. They both have their points.
I thought the lovers of those Warwicks would be more Kardashian than Kuenssberg ?
Yes, gliding along the Lancastrian countryside in my Riley Green Canal Cruiser, semi naked Laura Kuenssberg at the helm, listening to "Never Mind the Bullocks ere's the Wurzels", while dribbling all over my £40K Warwick Acoustics Aperio Headphones System Limited Gold Edition. Zzzzzzz " Bloody alarm clock ..!
Scharnhorst
Certainly not another Yehudi Menuhin that is for sure, even if he was playing through those fancy (was it Warwick?) speakers that Boards was drooling over...
The EIS is showing in the results as a minor sideline barchid. I recall Matick gushing about Sense Biodetection so I’ll give him a miss.
I’ve been keeping an eye on your favourite violinist and he’s played plenty of dischordant notes over the last couple of years. I guess it’s the way the markets are at the mo.
Great sp resilience
even top slicers (like me lol) having no impact
the reason this is crazy price (low) is that exit...not the cash itself...but achieving any decent (mostly cash) exit
Scharnhorst
Clearly the CFO is a bright one, he knows it is much better to put his £42grand straight into the market than into a range of his crummy EIS portfolios like I did (before seeing the light & buying the shares) even after the generous tax breaks...
Nice to have cash ATM, as it can earn relatively risk free returns. And when the Fed pivots next year, you have the liquidity to take advantage. “Eminently sensible”.
Buy precious metals .... Precious .....!
Always good to see CFO buying a meaningful amount.
Martin Glanfield, Director and Chief Financial Officer of the Company, became beneficially interested in a further 145,829 Ordinary Shares. These shares were bought yesterday at 28.80p per share.
I doubt it (except if it's a unique size...but even then it's a guess)
plenty of companies with substantial buy backs see the sp fall...even if an illiquid stock
So sold 50k @29p
hold 440k
Jollyspeculator, is it possible to know which shares are bought back by the company on the open market and which ones are bought by any other party?
Lol
sp rise not caused by buy back
Working marvels! Look what happens when you spend a bit of money buying shares in an illiquid stock
“Eminently sensible” just to hold excess cash apparently
Makes sense in my view. Take some shares out at a massively suppressed valuation to NAV
With such little liquidity in the shares I think this will have a huge capital upside for us all
Dividend is great also
There isn't much volume in most tiddlers/small caps
the animal spirits of punters has dried up
.....can see the perfect logic for this, especially over the next few weeks when stock market activity is usually quiet and our assets are worth around 60p+ per share.