Member Info for AndersonSW

They did say at the strategic reset they wanted to reduce the nav discount and boy are they making inroads on that today. Clowns, utter clowns. Vote to discontinue their gravy train at our expense.

That has to be a great move. I'd do the same if I wasn't already weighed down by a stupid number of underwater shares. Im surprised we haven't seen a bigger jump in early trades yet, I was thinking at least a 10-15% jump from open. Maybe the day is young still.

Am I reading correctly they just got an all cash offer at 90% of their NAV? Get the sales sign up you hapless BOD.

Probably shipped by diesel powered boat to sub Saharan Africa then diesel powered truck to installation site then ultimately into a landfill when we’re doing version 3.0 and they’re ready for us to ship them our old 2.0 panels. Green nonsense.

Are there no rumours or even random speculation regarding the takeover interest anyone feels like sharing? This has to be one of the sleepiest potential transactions I’ve ever come across which perhaps augurs dismally at the outcome. I’m not invested here but am very long and very underwater on NESF so desperately hoping some good news here to read across at some point.

Are there no rumours or even random speculation regarding the takeover interest anyone feels like sharing? This has to be one of the sleepiest potential transactions I’ve ever come across which perhaps augurs dismally at the outcome. I’m not invested here but am very long and very underwater on NESF so desperately hoping some good news here to read across at some point.

I will absolutely be voting for wind up, as I did last time. Carrying on structured as we are will only benefit the terrible managers. Hopefully we will have seen from the BSIF sales process what the market values us at before then but regardless of that outcome I am voting discontinue.

Totally agree. Bluefield solar said this pre March 3 "We are pleased to have seen good interest from parties wishing to participate in the Formal Sale Process and have now narrowed this list of potential bidders down to a targeted number with more focused due diligence progressing with this group. As such, the Formal Sale Process continues to progress in line with expectations, and the Board will provide further updates when appropriate."

The Bluefield share price today is at a 24% discount. That's only going to narrow further if a sale is successful to, say, 12%?

A 12% discount to our NAV would take us to 74p. Even narrowing to the current BS discount of 24% would take us to 64p.

I appreciate nothing is certain and it wont happen in a week perhaps not at all but there's a very reasonable potential for a true re-rate (c.50% upside) to NESF if BS goes according to plan, with I assume very little downside from where we are today if it doesn't. And you wont have to wait long to find out.

I'm certainly not saying this thing and its pathetic management aren't woeful I have lost a horrid amount of money thanks to both, but selling NOW? Really? Why?

Thanks very much for meeting them and posting comments Zebbo.

They took no responsibility for the index drop I assume. It just happened. Nobody to blame for that!

Did they discuss how their challenging negotiations between themselves was progressing regarding the fees they collectively charge us for their hopeless performance?

It would be terrific if one emerged. I can’t see they’d struggle to get the retail holder votes on board and surely even the very few institutions that have anything significant are desperate for some proper management. I’m still feeling triggered from that comment in the Nesf presentation about actively trying to get the investment manager to reduce their fees given the dire performance of the trust. The investment manager is Next Energy Capital. They probably share a bathroom with them. Is that where the active discussions happen? What a joke this lot are. Please please come on in an activist and boot these idiots into touch.

“The board are in active discussion with the manager regarding revising the IM fee to align with shareholders”

Everything you need to know about how pathetically managed this trust is can be gleaned from that statement.

A bunch of turkeys failing to vote for Christmas. I voted they wind it down last shareholder vote and will do same again next one, I hope all holders consider the same if only to send a message to these self serving balloons.

I don’t think another serious bidder will emerge. But if that’s wrong and an Ageas came in at say 290 I think the perceived risk would be such that todays price wouldn’t move much. The board would rightly use it to try and squeeze a little more out of Aviva but whether they’d feel the need to offer it to still retain the support of the board and the institutions is 50:50.

The discount to bid is only 7%. That’s a very small measure of perceived execution risk.

Posters criticising Bangrak should do themselves a favour and look back at his posts from the past few years on here. He has consistently called the share movement correctly and has supported all his views with solid analysis whereas most everyone else thinks the price will go up simply because it was higher a while back and Simon Thompson says it will.

Following his logic has made me and saved me significant returns and we should be grateful he continues to post here even if he is out of the share right now.

I exited all my holding at 70p this past week. It doesn’t mean I don’t believe in Jaco or the long term future of the company or the likelihood that pgm are likely to rise . It is only that I think the chances of me being able to buy back in at 55p are infinitely higher than they are of selling out at 85p in the next few months.

Thanks Bangrak for your extremely gratefully received posts here.

Oh come on stoodio, please tell us what you’ve come up with!

Why the jump today?

Hello Aduk

I wasn’t making any comment on how good 8318 per day was. I know it’s pretty good though.

I was meaning we can’t pop champagne to celebrate water having been finally proven to be perched.

I look forward to the day coming soon when we can though.

I’ve just made the exact same point as jpwh made at lunchtime. Sorry jpwh!

Excellent investigative work drillspark. It’s incredible that numpties like this can still spark fear into the hearts of people who should know better. We all have such a tendency to believe bad press ahead of good. If a similarly ill qualified chump had suddenly appeared on twitter saying all was well and defending Trice’s skills he’d have been completely ignored or summarily dismissed as a loon. But when the case made is negative people can be influenced into selling up long held holdings for significant losses and hail the snake oil peddler as a sage. We can all point the finger of blame this season in various directions for the rubbish December the price has had but we PIs are as much to blame for the fall as anywhere else, possibly most to blame of all. Sooner we get off aim and the ease with which the price can be manipulated without fear of challenge the better however based on previous info from hurricane I don’t think we’ll see that before another CPR is released which I think is still a while away.

Shutts you say you’re leaving the party because of new variables and fresh problems on the horizon. I think you’ve been reading too many ill informed BB posts. There are no more variables or potential issues today than there were last week. A middling rather than euphoric RNS is the only difference from a week ago.

You’re bailing because your loved one has had an off day. And now your pendulum swings all the way across to the businesses the opposite of hurricane - established, money making dividend payer. It seems to me you are arguably less in control of your emotions than those you leave behind.