Member Info for 50glass

Yet to be announced aside if the statement that a significant sum will be paid to equity investors.

TF are reported in today’s Times as being behind yesterday’s sp increase, on the basis of alleged Interest in acquiring the Spaces part of IWG.

I’m going to sit tight.

Deal will complete by year-end, so to avoid dealing costs I’ll await the cash payment.

Aviva was 'stitched together' out of the mergers of Commercial Union, Norwich Union, General Accident, Friends and London & Edinburgh. Tremendous value destruction along the way, with smaller and seemingly more nimble competitors stealing its lunch. Some hope that the investments in Big Data and AI may deliver, however the likes of Amazon are in the wings.....

Having also watched four players all look at IWG, I'm getting used to the excitment of potential takeovers. Have to say that I'd prefer to remain independent; why let someone else take my future profits?

Classic sp over-reaction to today's announcement. Will use as opportunity to top-up.

Statement was due today, as confirmed by RPC website. Expect it will now have to be deferred until after Market closes. Probably linked to 5:00pm deadline for potential bidders.

Looks like today's endorsement from Simon Thompson in Investors Chronicle has worked its magic.

There has been some recent negative broker reports. However, they seem to reflect the 'go for growth' agenda which, for a few years, will depress the overall profit margin on turnover. The Financial Reports always include the margin by year of location opening. It takes a few years for new locations to rise to the margin deliveried by the established estate of locations. Take a view, say, of three years hence and the cash flow looks impressive. I suspect the brokers have taken a shorter term view.

Yes, still waiting for Barclays, inappropriately named, Smart Investor. Some time left before decision required.

....is nicely reassuring without any surprises.

Hope you stayed onboard. The more I look at the MPAC the more I see value.

Overall positive result announcement with expected Brexit noise and disappointing larger contract. however, the future looks as promising as it did before today’s news. Market is particularly skittish at the moment so so decline today is nothing more, in my opinion, than a blip on the journey. Happy to stay onboard.

Amusing yes, although I'd prefer the return of the surplus cash. Not sure the Bod have any specific skills which justify them moving away from ARL. Local Shopping Reit doesn't look as if it will be a particularly high return on capital when the liquidation completes.

Well, once again we have evidence of the Market moving in mysterious ways. With the cash on the balance sheet plus the WGP earn-out and the liquidation of LSR, the cash per share is north of 100p.

15 April 2022: https://www.londonstockexchange.com/exchange/prices-and-markets/retail-bonds/company-summary/XS0880578728IEGBPUKCP.html?lang=en

Sold half my holding today so that the remainder is in at a low price. Will kick myself if we are sold at above 10.00 but at least the downside is no longer scary.

That is the great thing about the Market. You are underwhelmed; I regard it as a good deal. Time will tell.

Looking fair to good. Groundwork for future success in place.