Member Info for BIGBangs

I totally agree HH the funds would be happy for this to be resolved and any price they may have paid previously will not affect their support for a deal that they think is good now. You questioned earlier if the 12 month rule is fixed - generally yes but an application can be made to FCA to waive it - unusual, unlikely but possible. Also some posters have referred to the buyout price having to be above book price - unfortunately that is not the case - we may hope and anticipate that a bid would be over asset value but that is also not written in stone. My view remains that we are oversold and that the price will rise to £6/£7/8 or maybe more although it is difficult at the moment to predict when or what might happen to get us there.

Might help if I corrected the name of the company - Indivior!

Hi Pat. You would certainly anticipate that many interested parties had observers in the court room, I don’t believe it was a closed session although I do not know for sure - I would expect that the SP over the next few days may well give us a good idea of what the general feeling was. Remember even if we lose this round - and I hope that we have not - we will be pressing hard for a reasonable settlement.

I am assuming that all investors have read the details surrounding the litigation provided on Individor’s website but just in case anyone has not I strongly suggest that you do. It provides a strong and positive outline that should clear up any questions you may have about why the case should be dismissed and the thrust of our defence.

I have been in touch with IR - unfortunately we are unlikely to have a decision from the court for several weeks.

Yes but that should not have come as a surprise to any of us. I can hold it out but the fact that many can’t or are unwilling to just adds grit to the mill.

Well thank you for sharing I will certainly be repeating it at some point.

Post of the day Ariel.

MrN, to be honest I did get in at a price I was comfortable with but each time the market has pulled the rug from under my feet I have felt it would be stupid not to add and even though I have traded some along the way I am still down. HH has made a good point before now that once you become so frustrated with a share averaging down, thinking all will come good, you are left in a position that as the price rises to your new lower average you are likely to take you money and run. I have certainly been guilty of this more than once and it is a loosing strategy. In reality I still believe that the company is worth more than my original purchase price which must have been around £5.50 - I just hope I have the strength to hold long enough to see a profit on all my trades.

After a day like to day which I think caught us all off guard I think we need to step back for a moment a differentiate between the company and the SP. The company is doing fine - customers love it, hopefully deposits are increasing and plan to expand the business by opening more branches is ongoing, despite the expansion with the obvious costs the operation still makes a profit. Despite messing up the accounts they have managed to raise £375m at £5 and have just secured a £350m bond in a very difficult market. Putting the SP aside someone looking at the business from outside would think everything in the garden was pretty Rosie. The SP however has become something of a casino, short sellers driving the price up and down very effectively and making a killing as we ‘investors’ pile in and out speculating on where the disconnected market price will go next. I am as guilty as anyone, I averaged down, sold on highs, bought on lows and like many have found myself sitting on substantial losses - we only have ourselves to blame whilst the shorter led market plays us like a fiddle and the funds sit quietly owning a steady 80% as the children get it all out of their system.

Obviously it depends on the number of shareholders that agree but normally if the board are onside it will be agreed in principle before we know anything about it - very unlikely anyone is going to need our votes although we will go through the process.

I think we are all over thinking everything stock - I am just going to pick a number and stick to it.

That is hilarious gonna - like he would know! Surely you are just teasing?

Well I hope you are wrong - if you remove the rhetoric that we have suffered for 3 years this could work and I believe it is this or no deal so they need to find a way,

Well remain is not an option Codey so the EU can and should negotiate around the deal that is on offer to make in fair for all - we need a deal agreed.

Slightly surprised that we have not had any comments about Boris’s deal - he has the DUP and the ERM onside please god we can finally get something agreed and move on.

Hi Pat, I think the court action took everyone of guard and I think the shorts that there were already here seized the opportunity to exit. Importantly with the litigation ongoing if they smelt bad news they would have been all over this and the fact that they are not is significant.

Trump aside - I hope we do not follow the American system of political judicial appointments and one or the other side running to a favourable court every time they disagree with a decision.

Hi Pat, you commented recently about the short position - worth noting that there are no currently listed shorts (over 0.5%), with the pain we have suffered elsewhere with the shorters involvement I see this as a very good sign, if they believed there was a sniff of disaster they would be all over this.

Good morning acaciatan, I actually own about 50% more than that now but you know my trading style. I can understand Investec reducing their position as an edge, that certainly explains the price drift, they sold 20% of their position (and of course those shares were purchased by others in the market) but you could look at that as them believing that there is a 4 out of 5 chance this will come good. I suspect that they have finished selling before the news on Friday. Everyone must make their own decision but I remain hopeful for dismissal and if I am wrong about that a sensible settlement is very likely in my view and the SP will jump up after all we are still priced to go bust. ATB

Welcome hasiba, at least I can be fairly confident that I have got the figures right now you are onboard.

I agree RAF, Director buys would give us a welcome lift otherwise the results in November will have to show that we continue to book new business at the same or similar levels to that we previously booked repeat business - the suggestion of which coupled with the possibility of more regulatory control was the reason for the fall in the first place.