Member Info for baldmark

Doric Nimrod Air One Ltd - Guernsey-based investment company that leases aircraft - Reaches agreement to sell aircraft to Emirates airlines at end of lease, expected to be December 16, for GBP25.3 million. Will distribute sale proceeds to shareholders. "It is currently anticipated that the process for liquidation of the company will commence as soon as practicably possible thereafter, following payment of monies to shareholders," it adds. Liquidation expected in early in the first calendar quarter of 2023. Shareholder return to be about 66 pence.

As a back of an envelope calculation - if DNA2 gets the same price for each of its 7 A380, NAV = 7*25.3m / 173m shares = £1.02 per share in 2 and a bit years with an 18% yield until then. (Obviously a lot can go wrong, or right, in the next couple of years though.)

https://www.lse.co.uk/news/DNA/trading-updates-premier-miton-assets-dip-challenger-energy-cfo-quits-dei3ozqcn96bl4o.html

It was pretty unavoidable. The company needed to raise money. That involves warrants and/or a discount. All in all the raise was better than expected.

This is getting confusing. It looks to me that the 10:34 RNS implies all requests for open offer shares were satisfied in full since, in total, they were only for 69% of the available offer units. i.e. the open offer was undersubscribed.

I don't think "Assented Line" means you definitely have all the shares, merely that your application has been received and the funds taken. The results of the open offer haven't been announced yet so there is no way HL could know the allocation.

The accompanying text would seem to support this: "This stock is an interim line resulting from a corporate action that will be exchanged for cash and/or stock."

AJ Bell seem to be on the ball. Nothing from HL. I've messaged them.

Pretty good explanation of why you're not likely to get anywhere:

https://www.theguardian.com/commentisfree/2022/jun/20/boris-johnson-volodymyr-zelenskiy-phone-call-kyiv-aid

@Polinvest, in the current abnormal situation, not paying a dividend doesn't indicate anything wrong, just political awareness by the BOD. If we payed what would be picked up by the media as a massive dividend (e.g. the previous announced and then cancelled final dividend) we'd be painting a big target on our back for the politicians.

Or at the very least put us on the radar for a windfall tax.

I phoned HL and they put me down for some shares no problem. The do however charge a phone dealing commission. (1%. Min £20, Max £50.)

Does anybody know the difference between mates' rates and only buyer's rates? We've missed the boat for an IPO.

The worrying thing is that 1 seems more likely.

31.1g per Troy ounce, used for gold. However the rouble price is largely irrelevant for paying non- rouble debts.

I opened a position in GUN today through HL. (1.5M @ 0.695p at1 11:58am) This has not appeared in the trade history on LSE. From the contract note it executed on NEX Growth Market (which apparently is an alternative to AIM but not part of The London Stock Exchange.)

Not sure how relevant this is. In the short term it doesn't change the fact that the shares are cheap but the market's not interested. If you're looking to bottom draw your holding until this situation improves, daily trades/volumes don't make much difference. However anyone looking to trade these probably needs to be aware that the trade data shown isn't complete. This probably applies to a number of AIM shares, which is worrying.

Is the fundraise or that OM is proceeding at lawyer speed news? Confirmation of the absence of screwups with Navitas deal is positive. Topped up.

Remember, getting a judgement and getting paid are not the same. Yes, an award can be sold or borrowed against, but it all takes time.

DShox, $650 per reserve ounce doesn't sound right for POG.
7m reserve ounces * $650 = $4.5b less 1/2b debt = $4b.
4b shares in issue = $1 or 77p per share.
I'd like it to be true but it doesn't seem likely.

FairAnalyst, We may have to wait a long time for a large institutional influx. Even once there's peace, Russian shares make up a tiny component of the global market and are likely to be in the "too difficult" category for institutions for some time. Six years after the Brexit vote, UK shares still trade at a discount.

Not sure if this is a lone voice or a sign of more political upheaval.

https://www.theguardian.com/world/2022/mar/23/nicaragua-ambassador-oas-denounces-daniel-ortega

So the takeaway: Leap is exposed to Ukraine and the IPO's on ice for the foreseeable.

He can nationalise its Russian assets; that's in the price. However about a third of the assets are in Kazakhstan which he doesn't directly control. Back of an envelope calculation: Price before £12. One third = £4.