Member Info for bald_eagle

UK market often bouces back on a Friday....is there a 'sensible' reason?
I'm sure there is a link 'somewhere on the web' to vaccination rates but I don't want to know!!

Everyone is entitled to their view....but some views are more worthwhile than others.
The insurance companies get hammered when a hurricane hits or their are increased claims on life insurance policies but that can give those same companies a reason to increase fees, so short term pain can sometimes lead to long term gain.
It can also drive increased business as more people see the importance of insurance. There is nothing like a near miss to make people check the level of their cover and 'perhaps' to read the small print of their policies (and realise that all policies are not the same)!!

"TPTB" presumably means 'the powers that be' (the power of google)
Ratbags, you obviously inhabit a different world to me....I have no idea what you are talking about.

It would be good to know if there is any analysis on whether LGEN is suscepible to recessionary risks or relatively impervious.
I have seem some stuff on 'Motley Fool' but that is often taken with a pinch of salt e.g. they suggested buying when SP was recently above 280p!!!!

Unhooked, probably my misuse of single quotation marks.....I use them to highlight a word, especially one that can have several meanings or is important to the meaning of the sentence.
I reserve double quotations marks for referring to what someone actually said. So 'comfort' was my word. It was intended to mean that some people derive comfort from a sizeable discount to NAV but in the case of CHRY, where that NAV is based on valuations of PE holdings then that may be misplaced (as we have been finding out).
As I mentioned the assessment of NAV is being tackled....so 'hopefully' no futther shocks.
I was gobsmacked by the fees handed out by the fund......they seem excessive by every conceivable metric. Again 'hopefully' they have a handle on that too.
I think you are right to invest in quality growth companies and some of the CHRY investments seem to fit the bill.
I expect in 3-5 years you will be laughing and wondering what all the fuss was about.....but it does depend on whether CHRY has 'fixed' the issues....and there aren't any new ones!!

The SP seems to be drifting around awaiting news. The daytraders are trying to talk it up or down to extract a few fractions of a penny (it is their business....I suppose they perform a fucntion in life!!).
I'm vainly hoping for 'someone' (Amazon/Apple/Netflix etc) to swoop in to save the day.....but the size of the debt is an issue and they could equally buy the assets out of receivership.
Fingers crossed for a white knight in shining armour.

"The board of the £1bn Chrysalis investment trust has confirmed it is reviewing the fund's performance fee structure after the two managers were paid a £60m performance bonus for the year to September 2021......They are both employees of Jupiter, and the firm itself will receive an amount of just over £50m in cash as its performance fee for managing the trust."

I wonder if they could get that money back.

Is my maths correct but that equates to £170m fees & bonus....from a £1bn fund. That cannot be correct?

".....after all he's not going to loose hundreds of millions on a company he built up....."
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Lose lips sink ships.....but we might loose the battle but win the war.

"what is predicted dilution?.....5:1?....10:1?.....25:1?.....100:1? "
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I don't think there has been any predictions in the RNS's released. Anything else would be guesswork and fairly meaningless. Perhaps there have been similar situations in the past that can be used to but I don't know of any.

MelonHead, it sounds like you have decided what you want to do. I wish you luck....or is it 'break a leg'?
Your frustration with some posters on this forum (and most forums really) is warranted. There are a million day traders trying to game the system by 'suggesting' we 'Buy' or 'Sell' (depending upon their investment strategy not yours).....I have seen some change their 'recommendation' within the day (they obviously switched from buying to selling....or vice versa). Best to ignore them if you can or filter them.
I expect very soon - if not now - they will be 'Artificial Intelligence' driven avatars that will use psychology to drive us using 'fear/greed' to make decisions to benefit their masters. So probably the time of relatively 'safe' (neutral) forums are coming to an end.

The opportunity to 'Sell up' - and the time to make that decision - was 'probably' last weekend (or ideally before). I expect most investors have made that decision and if they still hold they will await news. ....some may even have a small flutter to try to catch any bounces (but that is more day trading IMO).
Investors are not in control and the future of the company will be decided by others (hopefully the CINE management).
Fairly bizarre!

"Best thing to do is sell? Erm no. "
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MelonHead, if you were referring to me.....NO, I never said the above.
I said the 'CONSIDER' selling.....which is not to sell necessarily.
It depends on the circumstances of the investor. Their purchase price, their risk aversion....lts a whole heap of reasons. Indeed some may consider it isn't even worth selling (perhaps selling costs are close to the value of the shares...god forbid!!). Some may want to see it through to a conclusion. Some may think things will get better.
So anyone who says EITHER to 'buy' more or to 'sell' up is probably trying to game the system. Each investor has to make their own choice based on the facts (as we know the facts).
Bizarre!!

"I see WAY MORE people telling others to sell than I do telling people they should buy. It’s every 3 or 4 ******* messages. Bizarre."
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MelonHead, why 'bizarre'?
Have you read the recent RNS's or watched the newspaper & TV reports on CINE.
The 'sensible thing is surely to consider 'Selling'.....DO NOT invest extra money into CINE.....unless the news changes or you are a day trader!!
The caveat is that I think you should sell all your other assets and invest into CINE....just you though (nobody else).
Bizarre!!

Unhooked, isn't the problem that Investors take 'comfort' in the 53% discount to NAV but when the NAV is questioned that 'discount' loses meaning?....people must be asking "What is the true value of Klarna?".....and other similar investments on the book.
So there is a question over the 'real' NAV of the assets....which CHRY seem to be addressing. Then there is the recent shift away from growth stocks.....which may be temporary but could be a type of bubble that needed deflating, leaving the true growth businesses and removing the deadwood (obviously CHRY has only diamonds). Then there is a loss of confidence in the strategy of the management.....which may be perfectly sound but may be tested in more difficult market conditions.

Lots to ponder.....but relying on NAV alone (as we have seen with Klarna) may be a mirage.

"It is important to remember Wood strongly deny this and can factually back this up "
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It would be very odd if Wood group were to agree with the plaintiff.

But Wood are willing to settle, which doesn't admit liability, it does show that management are aware of the harm to the business and are willing to payup to reduce the risk.

The more I find out about Wood group the less I like. Hopefully the new CEO can turn things around.

"Why rescue a company worth just £34 million quid?"
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That's not the question.
Why rescue the company with the amount of debt they have?
There is obviously a viable business IF the debt burden can be reduced. The question is how can that be done?....I suspect there are greater minds than mine trying to work it out.

I can only assume that people have lost trust in what the management are telling them.

AT what point does the 'discount to NAV' make CHRY an absolute bargain.....I suppose it depends on how much one trusts the NAV. The fear will be that Klarna is replicated for other investments.
The problem is obviously that companies are 'allowed' to value themselves at astronomical amounts, that bear no relationship with reality. Like the whole investment world is hypnotised. Hopefully when valuations come back to planet earth CHRY will find its level and confidence will be restored. Perhaps we are there already....

Wouldn't ALGO possibly be the BuyBack (which was given a boost at the end of last week)?

I excpect most people have either decided to let things ride & see things to a conclusion (whatever that may be) OR reduced their investment to something they are comfortable with. The big SP fluctuations of last week seem to have ended. As more news becomes available the SP will adjust.
Fingers crossed that the decisions being made are thinking of existing shareholders.