Member Info for barchid

All of those rabid bulls of MARS who delighted in puffing new punters in seem to had gone from this board. 40p was a ludicrous price they continually ranted to assist their ramping, look at the assets they own etc etc, they must be at least 80p, etc etc.

So after the hottest summer on record, successful football, Wimbledon & cricket, at the end of summer they stand at 37p.

Not a word from the rampers in a couple of months or so I guess they are ramping elsewhere these days, so sad that people are reduced to that level of activity.

I agree with Dark, many thanks Mike

@Pedro

2 hopes for seeing 120p soon & Bob Hope is already dead...

Gilts yielding over 5% is not helpful for PHP, I thought we all knew that ?

@Tricky

Are you not aware that HBR went XD on August 14 ?

@skid

You are so right.

One fund manager you missed out was Nick Train, who when he speaks about his very unexciting performance it is as though he is speaking to a class of special needs children in school...

Dr Jourdan has not been having much success these past few years, he had the management of Amati vct taken away in May due to continued poor performance according to the board of the vct.

He had a stellar run for many years but took a beating in this bear market of AIM.

Dr Jourdan has not been having much success these past few years, he had the management of Amati vct taken away in May due to continued poor performance according to the board of the vct.

He had a stellar run for many years but took a beating in the bear market of AIM

The yield is an important aspect, for sure, but so is the discount to nav, which is still high, so once the uncertainty re the deal is resolved one way or the other we should see some positive movement.

@fat

Agreed, I recently bought thinking that the news was all very positive yet the SP keeps sinking, peculiar...

@Gary

The real problem with performance here, imho, is that the SP has gone from parity to nav/tiny premium, down now to a 7 or 8% discount, the nav has performed OK but the SP has obviously been sold, putting it on this discount.

Just on the basis that I believe this will start trading again on a tighter discount I will certainly be reinvestng my divi & I bought some more last week on 8% discount to nav.

With interest rates dropping a decent yield like MRCH has is an appealing proposition.

@Tyma

I totally agree with you, why reward failure ?

PYUECK

If you read the rns properly you will see that the board are looking at the best way to return cash to existing shareholders who feel like you do.

They are focussing on a possible tender offer and plan to continue share buy backs so I really fail to see why you do not think that this is great news as Tyma says, it surely suits people like you who want out or others, like me, who would prefer not to have a jumble sale out of the AIM shares currently held in the vct especially as the market will know who is slling what & why ?

@Tyma

I agree with you, my feeling is that Dr Jourdan & team managed to destroy assets of investors by making some very dubious investments, most of their larger purchases bought during Covid have gone down to nothing (the Maven RNS gives full details of this) so to try & usurp a board who decided to change Investment Managers due to their desultory performance seems the height of insensitivity to me, & to try to do it with just over 5% of the votes does look arrogant. If Dr J & his friends retake command and start dishing out cash it will be at quite likely the nadir of the AIM market, which to the beleagured holders is surely the last twist of the knife.

Amati did, of their own accord, decide to sell about half of themselves to Mattioli Woods, around the top of their performance, pity they did not take a few cards off the table then to benefit their investors...

@Gary

You make a very good point, the number of shares they issued whilst trading on a premium may have made this trust a bit too big to be nimble, imho.

Great performance since my last post, discount has narrowed from 205 to 12%, which, imho, is still very attractive.

Good news for MUT has been a long time coming, my preference is if they give us a tender offer or failing that a continuation vote every 3 years, that would tighten up the discount & a better fund manager would help too.

@as

I agree & the stonking great discount is surely going to tighten up going forward, I know most REIT's are cheap, but these are at a silly level, imho.

@MTC

I agree but after a perky start there was no follow through other than sellers, which is a little odd after these results.

The promise of "jam tomorrow" is either being ignored or disbelieved, but to me it is the BTR business which I like even though the market appears not to.

@MTC

I agree but after a perky start there was no follow through other than sellers, which is a little odd after these results.

The promise of "jam tomorrow" is either being ignored or disbelieved, but to me it is the BTR business which I like even though the market appears not to.

Graviton

Of course we knew about the tax & wage increases in October time but now is when they have to start to be paid by employers, while the stock was drifting up people were happy, but in markets as in life it is often better to travel than to arrive, imho