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I’m a frustrated Chelsea fan, and a frustrated long term holder of seed, everyone will see Ed for what he is eventually, even you newbies that think a £4 million fund can support dividends, I don’t think it can hence my frustration
Is that you Duoduo🤔
Sounds like a grumpy old Utd fan😂
You’re hilarious 🤣
This is supposed to be a growth fund not an income fund, Ed and Alfredo are supposed to be finding opportunities for investment, not throwing the towel in by giving away the leap gaming money, which by the way was supposed to be multiples of what it ended up being
Investors should look at dividend returns in the future, not interested in the past.
The company has obviously move on into a very lucrative play.
One to have in your portfolio imho.
Investors should look at the net asset value here over the last few years it’s p.iss poor
Investment fund that buys its own stock is lazy management imo, why isn’t he trying to find opportunities for investment, Ed is either stoned or brain dead
Don’t get me wrong I like a smoke but I don’t invest other people’s money
We might have different opinions on blinding, with a 52 week high of 4.35p I’m not convinced myself
Ed's pulled a blinder.
Nice to see the share price moving back up,
Just as predicted.
They could extend the share buyback as cash continues to come in.
Nice to see a company doing so well on AIM,
About 8 million shares, so should be good until the end of May
2 quid
How much do they have left for the buy back program?
But not us seed shareholders!
Brilliant mat, I sound like a member of the dull mens club lol but yes after filling up my ISA I'll deffo be looking to enjoy remainder, we deserve it!!
I'm going to buy a nice guitar, Go on a much needed holiday buy a new car and enjoy some decent nights out.
Good summary and yes a lot of LTH will be investing some of their dividend with a view to averaging down the value of their holding - me for a start!
Stocks and Shares ISA
All my AIM Holdings are held within ISA.
You don't need to pay tax when withdrawing money from an ISA. Withdrawals from an ISA do not count as taxable income. Any interest you earn within an ISA will remain tax-free, as long as you have never exceeded your annual deposit allowance.
It goes without saying that this share remains very undervalued relative to NAV and is also fully backed l by the cash position. Current SP less than 2.1p vs cash of more than 2p and a NAV of around 6.4p.
I have been doing some deep research over the last few days and this is my updated view of how this one will play out:
Apr 29th to May 12th - due to the recent increase in volume, Seed will be buying back A LOT of shares. They can and most likely will buy in excess of 400k per day over this time period. If you compare this to typical share volumes when this share is quiet (500k per day), this definitely has the potential to move the dial on its own.
May 13th - Seed will return circa £2m to shareholders. This is handing shareholders the potential to reinvest c.100 million shares worth back into Seed. Let that sink in. Typical daily share volume of 500k before all the recent clamour, yet investors will have 100 MILLION buying potential in their pocket.
Clearly there is some guesswork involved here. How many reinvest the dividend? Will the directors reinvest their divi? It could definitely be argued that it would be a bad look if Ed at the very least doesn't. Anyhow, even if we conservatively say just 10-20% of shareholders will choose to do so, that would surely be enough to make this one explode. That would be 10-20 million of share purchases across a few days vs typical volume of 500k per dayz with the buyback on top!
May 14th to end of May - the current share buyback will continue buying back shares of 400k+ until they max out the current buyback programme.
June 1st onwards - Ed has the potential to launch the next buyback programme as soon as the current one finishes, with over £4m cash still in the bank. Remember, the amount they can buy is based on the average volume across the 20 preceding trading days. I would strongly predict that volume will be huge in May due to the dividend payment, meaning the next buyback programme can be exceptionally aggressive as soon as it kicks off.
In terms of SP predictions, I do think 3p will be hit here, which would still be quite insulting relative to NAV. Between 4p and 5p is what I would consider a fair price.
Hope this helps and apologies for my previous misread (I thought there would be a sharper pullback before the ascent) but only a fool doesn't admit they are wrong! ☺️
Can I withdraw dividends from my SIPP?
Yes, you can withdraw dividends from your SIPP, but they will be subject to the same tax rules as other withdrawals and only once you reach the age of 55.
Dividends earned within your SIPP are tax-free, but once withdrawn, they may be subject to income tax because they’re then classed as a withdrawal.
https://www.sippadvice.co.uk/guides/sipp-withdrawal-rules/
Dividends are tax free in your SIPP wrapper.
Get advice!
Just a quick one guys
Some of my seed in sipp
Will the cash get 25% extra from govt
As that's what I get if I pay in cash?
Also I'm 56
Can I just take this cash out?
Not touched sipp yet
yes, and the mkcap is well below the cash and assets value, nice to be in a company that’s cash positive and no debt,
also glad that idiots don’t come on here and say placing soon lol.
they will have to try another way like years and years and bods pay themselves to much lol.
don’t fall for it, you’ll see the ****s come and go but it’s easy, hold on to your share’s.
atb.
Happy to admit I got this one wrong. Was fully expecting MMs to drop the price by the full 1p. That didn't happen. Now we are in a position where average daily volume in March was little over 500k and Seed will be allowed to buy back that many shares every day in May. Intriguing times ahead for sure....!
Well, everyone should do their own research, but... I've just got this feeling in my elbow.
And it's a pretty strong one, (the feeling, not the elbow).
Lol. Why do you say that reefles? I think it will take a decent RNS or so to get it up to 3. Let’s just hope Ed doesn’t hang around for another year without investing in anything.
...this will be back up to 3p by next week.