Member Info for barchid

Lincolnite
Given that the Amati vct nav has about halved in 18 months Dr Jourdan may not be such a successful investor ?
Just a thought...

david
My apologies, mn NOT bln !
Haste can be a terrible thing.
To be fair the headline says billion but the numbers multiplied by the £9300 is million, you are spot on.
Nevertheless I bet these clowns got more than their fair share (and failed to reinsure ) a la motor losses.

Article in City am today saying UK insurers have a record number of subsidence claims due to last years heatwave, estimated cost of £219bn, average claim £9,300 apparently.
Given DLG's alacrity to lose money in the cold snap who wants to bet when they finally entice a new CEO to join and he/she "kitchen sinks" the accounts they don't also claim to have just discovered their subsidence hit due to the hot snap?

adv11
Thanks for that, just to be pedantic I decided to pick a few more up Monday at a tad over 125 to average down on Friday's purchase, looks like I rang the bell in the short term but I do still view this as a good business and if the trusted person report, which is due out v soon, shows that it was some customers who were using the Jarvis platform, re named to their own, and their customers & not Jarvis who were at fault we could have a relief rally.
Given that their cash deposits are bearing good fruit in the form of interest now makes me feel that the divi is safe which again bodes well for the stock.
GLA

Quickdip
I am a great believer in that if it looks too good to be true, then it probably is...
As Fairdealer points out very lucidly that there are debt covenants being negotiated now & who wants to take a bet on how that is going after the pressure all banks are currently under post SVB, CS etc ?

Quickdip
"dont see how one could lose here" is true assuming that buyers pay book cost or higher, but if you look back to an attempted pre covid sale, when things were a lot brighter than today, their Pitcher & Piano portfolio could not be sold even at book value.
Look it up in their accounts, you'll see it.
How keen are buyers now for licensed premises is what you need to ask yourself, surely ?

I bought a few Friday at 130, fat lot of good they have done me, I really should have taken note of Trek when he told us he was out.

Eccles
Of course insurance co's take punishment in bad years but the difference in this case was that pre Xmas they indicated that their divi was safe and on 11 Jan they indicated it would not be paid. The re-insurance market is there to iron out the highs and lows and the fact their results say they bought less re-insurance indicates to me that they were thus gambling with their shareholders funds, so when a bit of snow hits it upsets their gamble, that to me is inexcusable when an insurance co fails to manage its risk.

FD
Shocking to hear that about those pubs, old and poorly sited I can see the reasoning but not as you have laid out, there appears to be no reason other than to dance to the Carlsberg tune.
What a shame for those involved. A 1% or 2% movement up or down in GBP is neither here nor there, & like their energy costs were, should have been hedged.

SC
Why not save time & just say "Marstons are cheap today, cheaper than yesterday" ?

Paul
I took my punishment on this dog on 11 Jan when they announced they were unlikely to pay the dividend which in November the BoD assured shareholders that it was safe. With a BoD as ineffective as this bunch I will stay away until there is some clarity that management have a grip and are not just playing around like this current board are.
Bad luck for all those who bought in after that announcement, some were even predicting a bid at between £3 & £5, can you believe it ?!
This latest RNS gives excuses to shareholders similar to "dog ate my homework", the BoD have proved themselves totally incompetent and very poor at understanding risk in insurance.

Malafuster
I agree with you, I've been a long term holder will now be an even longer term holder !
Buy when no one else dares is a good motto

Trek
Sadly for me you were right and I was wrong, but you can't win them all !
I agree it is less than ideal that they are reducing some of their platform usage for other people but I still think I'll be inactive and sit with them, at least we are being paid to wait.
As a customer I find their service is excellent, but maybe it is too good for what they charge?

And very nice they were too !

Certainly still looking encouraging this morning, up another 6.3%

Rather odd this, Bingham handles the unquoted portfolio and as the vaccine expert is well connected, anyone have any thoughts ?

Oldbut
Well he/she is £1 late as they were easily obtainable 3 months ago like that.
At least Tempus is a tad better than Questor who is truly the kiss of death on an I.T.

Good to hear from you Trek, & that you are still keeping an interest going in what has not been the liveliest of stocks recently.
Still with 3p a quarter divis, without looking for future increases nor the occasional special we have an historic 7.5% yield at 160p and better revenues with interest being earned on their cash deposits we could be in for a pleasant surprise.

Announced this pm as 3p, same as equivalent divi last year.
Given the "trusted person" cloud overhanging the company, surely if the family/board were concerned they would cut the payout ?
I take this as a positive sign

Very hard to criticise this update, despite the odd attempt, probably by people who have lost out by not investing, happily invested here end December as it looked so tempting.
Onwards & upwards I hope.