Member Info for Bergcarls

I'm sure that will be possible at a later date , on paper buying at 10p when Nav is 19p plus is an excellent move but as we have all found out, the problem is cashing out if need be. ( hence the company tried 2 share buy backs which didn't work)

Another thing to remember is all we have to make money is our capital. We are going to be reducing that amount by 20%.

Hi zoology

Yes , apologies ,should have read "after which I see no reason at all it wouldn't return to 10.5p"

Regarding your reasoning for not dipping back to pre RNS levels, well, just remember ,when it was at 10.5p NAV was 19p even then.

My view is quite simple

Before the distribution RNS the sp was 10.5p. We are looking at getting 19p for around 20% of our shares,after which I see no reason at all that the sp would return to that 10.5p level.

So buying 100000 shares today for £14500 will hopefully be able to sell around 20% for 19p (£3800) after which the sp returns to 10.5p valuing the remaining shares at 10.5p so £8400. So a loss of £2300.

Be careful. A decent price ATM is 12p

Bill

Wipe your eyes

Hi All

Yes Monty , that's how I see it .

You will be able to opt to sell your shares for 19p .

However only £21m will be available , so if its under subscribed you will get 19p for all your shares. If its over subscribed (more than likely) you will receive 19p for only a percentage of your shares.

The big questions are what percentage of your shares will be bought for 19p and more importantly what price will the sp after .

Hi Evilking

Looks like you were correct about APH

Hi Pat

Only joking

Yes pal, I also hold stocks that are well down, don't think there will be many pf s that are up ATM.

Noted that the £670k at full ask hardly moved us up ,but then a few small sells send us back down.

All smoke and mirrors. Hardly any trades at all then a large trade will appear right on the s.p , not moving us either way.

Fully expecting a large trade at 11.25p to appear soon.

Someone is buying somewhere

Even with Pats £670k buy , we don't tick up ???

Up we go but still not enough sellers.

See Pat bought in today

Low hanging fruit drying up

Hi Pat

Still not dipped your toe in ?

I've bought some more, the company has to do something soon to close the nav/ sp gap.

If they don't, then next time, the resolution will go through and we will all receive something nearer the nav for our shares.

News due I would say

Good luck

Looks like little bit of positive buying .

Maybe some news on way

From last rns

"A further announcement is expected to be made in due course once the Board has had the opportunity to fully consider the voting results."

Divi on way maybe?

Decent results from aph this morning but miles off what's needed to stop us falling back.

Hi Leedsman

Yes you are correct, it LOOKS a good buy with s.p at 11.8p and nav at 18p but , and it's a big but , it's not, if you can never sell at a higher s.p than 11.8p.

For the sp to rise the investments would all have to rocket . They are mostly down overall so can't see that happening. Yes we have plenty of cash in the bank but this will just be eroded through salaries and running costs.

I'm worried about being locked in here long term at 10p. Can't see how it can go up.

.up

Hope they don't walk away otherwise imagine what dumping 15% of stock will do to the s.p

Company advising vote against.

Offering us jam tomorrow .

This will go back to 10p as I now cannot see any reason for it to rise. The investments have not been good overall and even the share buy backs didn't work.

Can anyone see any positives ?

Looks like big divi up coming

APH flying , anyone know why?

Pushing our NAV up

A lot of our assets are still in cash, which is good.

As for the shares in different companies we hold, I don't think the sale of these shares would be at much discount at all.

Shares between companies are now nearly all done off book in so called "dark pools" .

These were created so large share transactions could be done without moving share prices.

Look at the website for the company we use ( Investec) on there its stated they have access to Dark Pools.

More like 17.5p to 18p