Member Info for adv11

Personally I think DB should do a fundraising at this point, get us funded for the future so there is no urgency going forward. But please, just raise the money from loyal shareholders and not fly-by-nights.

"The assets currently identified by the portfolio manager represent c. £54m of the NAV of the Ordinary Shares."

I'm not sure which assets they are referring to, presumably several. The biggest individual asset when I last made notes was the Hartlepool AD plant at £39m, but on the previous update there were so many problems mentioned. It makes me wonder if there is anything left that actually has any value. Most loans/investments seem to need legal action to try and salvage something, and that will probably just be more wasted money. I will certainly be keeping a watch. For once I was in the right place when a RNS came through.

I dumped all my 12000 at 23.5p. 50 percent loss but it gives me cash to top up in other companies. Good luck to anyone who decides to wait.

Looks like it's time to get the boys in blue in. Can't sell any quantity atm.

Never mind, I'll keep adding a few. If we ever get back to pre-covid levels we'll be on a fantastic yield.

Hmm, you tempted that big sell @Thejenks

This company is becoming quite an enigma. 287 m shares in circulation, 96 m in treasury, Richard Levy has 56 m, and now a person associated has just bought 65,000 - and it's my top dividend payer, currently giving me 2.53% yield per quarter, 10.12% per annum. Couldn't resist another top up.

It wasn't exactly the company that lost money, just the share price, which is basically a kneejerk reaction by the MM to stop everyone selling every holding they have. Certainly correct in that these are the times to buy.... if you have cash available.
Incidentally, I was trying to add to my holding in BRWM for the last two days and was unable to buy anything without putting a trade plan in. I think someone must have a big order in at a certain price. They don't want other people buying until they let the price go back up.

Thanks for clarifying @whitelye

It's a bit strange all these buys today, when they have missed the dividend and paying more for the privilege. Very happy with my holding though, almost back at break-even.

Strange I got them at 23.892p after a string of buys at 24.9p and 25p,

Ok, I'll have a small top up as a director is buying.

Nice dividend received today, thank you Mr.Bassi.

Decided to sell at 54.2p. Should give me over a grand profit and lots of top ups waiting for the money. Thank you Hadrian, I look forward to seeing what the team get involved in next....apart from SQN.

Excellent bit of news this morning, for those of us who kept averaging down. Presume the price will shoot up at 8am ?

Have only just seen your message @Weirdo (no insult meant). Thanks for sharing. Finally announced today and I am surprised and happy to see the dividend matches last years Final. Considering the investments in Leisure sector, I wasn't expecting this.

Every Lenigas company had a party booked. The only people invited were the man himself and his cronies.

Ended the day with 19 sells and one massive buy - 215,286 shares bought for over £59,000. I really hope that the buy is from someone who knows the value remaining in the company, I can't see anyone risking that without some inside knowledge.

I think every persons view will be based on their own experiences. I have had many major disasters on the AIM, most had some Lenigas involvement. I curse the day I first heard of him. But UKOG has been my biggest success ever, and I have very little knowledge of trading shares, I just got this one right, from my first buy on 3rd. January 2014 until getting out in 2015. I will always remember sitting on Blackpool sea front and checking the price for the first time in a while, and instantly hitting the sell button for a £27,000 profit. Lost a bit by re-investing in 2016, but hit the jackpot again in 2017. Then I left it alone until recently, but would only ever have a small gamble now. I'm sure a trading expert could have made £ millions out of this. Being an investor in this type of company is just for mugs, as I have found on numerous occasions.

There are lots of buys going through, so I can't see why anyone would be having problems.