Member Info for barchid

FD
Thanks for this, yes the Spoons announcement is very significant imo.
As you know I am in London & most pubs here are pretty dead, seemingly trade is dire.
I guess an ordinary pint at £6.40 can't help, even with the rise in interest rates we have just seen I believe those loans fixed by Findlay & co are still higher, though some have been paid down now I believe. Nevertheless a further facility up to £160m is welcome news but a bad half year could see that being eaten up.
On the bright side, at 35.5p the shares are little more than option money so for the brave yes, but much less potential loss than pre covid !

Me12345
You make an interesting point, my car cost me £263 last year and was offered renewal this week at £322, yet on a comparison site I could renew with a different co at £266.
I put the details into DGL platform yesterday and was offered identical cover at £640 !
I know this car market is a bit of a bear pit but I was shocked to see the offer from DGL.

eccles
You are right but the one caveat I see is that the carnage in UK bond markets this past couple of months could have a significant detrimental effect on reported profits for the year.
I see at the half year the average redemption date of their bond assets was 2.3 years, if I read it correctly, but with the movement, even in short dated bonds, much more than could reasonably have been expected at the half year does give cause for concern.
Any thoughts on that front ?

Morbox
I was just thinking this morning how pleasant it is not to be lectured on US tech & brexit, but back he returns although presumably having done his dough in US tech is now barking up other trees.
Like a broken clock he hopes to be right twice a day, not that I've seen much evidence of that, tbh !

Opti
Google "fca skilled person" and it gives you the answer which is way too involved to put on this BB, but one is used if the FCA are unhappy with something or need clarification on a matter.

Mala
I think you are correct, but this is AIM so I wouldn't bet the farm on it...
Until we have further clarification as to the actual issue and the fix for it one has to be aware that this company had an impeccable reputation for efficiency in handling other companies accounts, compliance etc, and that reputation is, until we have these details, somewhat tarnished.

Indeed Mercia are cheap today, cheaper than yesterday as the saying goes...
I agree re the likely discount to NAV is large, and getting larger, but this is a bit of a "trades by appointment" stock so one just has to take a view and be prepared to be patient.
I have been very patient but so far it has not got me very far.

Well done on the golf, & on JIM !
Sadly my bottom fishing was a bit higher than yours at 111, but I have left a limit on which is close but not triggered yet so I'll have to hurry up & wait.
I concur re the lack of posts after this movement, I guess rising markets generate more noise on BB's than a dismal RNS !

Trek
I trust your golf went well ?
On a more serious note, given that hindsight is 20/20, if you look at the 3 month historic chart it does look as though some people could have been aware of an imminent issue from the start of July, especially when you see some of the volumes.
Just thinking out loud...

Trek
I just bought some at 111p on the same premise as you, it is most odd as the company is tightly run by the family, but this is a reputational issue now, no question.
But everything has a price...

Trek
I have carefully read this rns 4 times and I still can't understand the dividend thing, one point to bear in mind though is that this company always had an impeccable reputatation in management but this seems to have been a serious slip up on that front.
To be given a tug by the fast asleep FCA is something even Woodford has avoided, so why JIM ?
But even if this is sorted out swiftly the reputational damage is, imho, serious.
However at the current price an unchanged divi is a pretty high yield, and the family like those divi payments like we do (did?).
Who knows ?

This afternoon's rns has been less than helpful...

roffer/Mr T
i-web appaer to have reinvested our divi at 216.22 before expenses, not great but not bad I guess

Mr T
Many thanks, I bet that was at least a 10 minute wait to get through on the phone ?
I have just been credited now & yes the price is up, a nuisance.
Morbox
Normally they credit my ISA the same day as payment date hence my wish to check if any other people on that platform had been credited.

gungi/Mr T
Thanks for that confirmation, I feel better now too, i-web/halifax use the same platform so hopefully we should see it in today and re-invested tomorrow

Does anyone else on here use i-web ?
Reason I ask is that usually my divi is credited the day it is paid into my i-web ISA a/c but nothing Friday & nothing today, I use i-web as usually they are efficient on simple things like divis and aslo very reasonable rates for divi re-investment, which is what I, like many others on this board, do when divi is paid.

Morbox,
Totally agree with you re a respectable BB, we can do without those who regularly repeat the same diatribe.
I also share your views on DLG, especially since we have seen a generally very sensible Investor take a declarable stake, patience is what we need.

Everyone seen the RNS, Coltrane have been active again ?

Porsche
Do you live in an echo chamber or do you just like demonstrating your skill at cut & paste ?

Trent
Always a pleasure hearing from you, good luck with your future endeavours.

Whichever we we cut it this is good news for holders