Member Info for BlahBlahDoh

"Have my morning coastal run out by Poolbeg every day."

By "coastal run", we assume you mean smuggling Bronx? (@:

Guygad, I didn't suggest you were nervous, I asked what you meant by asking others if they were nervous. It seems your reason for anxiety is to do with the results not being published yet. No, I don't think anyone is "nervous" about that, as we wouldn't expect them to be published until later in the month.

smt? Do you mean Scottish Mortgage investment trust robleo? Not sure it makes sense to compare a fund manager with a fund, but your assessment is roughly correct - M&G does aim for business growth but the supersized dividend is the main attraction at the moment, whereas SMT, as far as I know, invests quite aggressively in leading international technology companies looking for SP gains. Of course, the two have utterly different risk profiles and business models, it's almost like comparing apples with tomato ketchup ( : (unless it's a different SMT you meant, of course)

Jackson needs to pull his finger out, he's ****ed up the demerger twice now, and this was supposed to be the easy one. It's starting to look like all the smart people went to M&G?

A reasonable question guygad, but do you mean nervous about the delay in producing the results or about the contents? They were about -£5m at half time, so no-one except the ultra-positive are expecting anything other than a small loss, so it's just a case of how small. Last year is anvient history really though, mostly pre-transformation, so market will probably be more interested in the recent trajectory and forward looking statements.

Yes, it can surely go quite a lot higher based on dividend, and takeover rumours can probably push it up a bit more as well, and their is scope for quite a lot of business improvement too in terms of profitability, FUM etc. Recent drop seems to have been triggered by a downgrade by Bank of America to 'neutral', but as the wise philosophers in Green Day reminded us, Americans are "idiots" who cannot even make a decent cup of tea and play "football" with their HANDS.

Hello board. No, no, let me speak.
Been looking at the fundamentals and this stock looks like an impressive long-term performer. May I ask holders, do you expect this to continue for the foreseeable future? Whats the downside? Thanks, and sorry for interrupting the party.

Ha ha. No, definitely not that JC - they will have to use some kind of price discovery process to find out how much the assets are worth to potential investors. Guess that value and divide it by 25m to get the price - so if the assets are worth £1million the SP would be 4p

Great post murky, useful perspective, and congrats on your degree.

It looks like it is a pledge of 140m shares as security for the new loan facility, replacing the old ones.
Shravin Bharti Mittal is a son of the founder of Bharti Airtel (AAFs parent company) and a director of AAF and Bharti global.

Indian Continent Investment seems to be a Mauritian registered company (?) the Bhartis use as a vehicle (?) for off-market share transactions (?) As Mittal is based in London, I assume this is a way of avoiding regulators or scrutiny - there must be some advantage to it.

Agreed the RNSs are not designed for easy reading, but they are comprehensible with a bit of effort. With a fund manager like M&G, most of the TR1 notifications will be about a change in their holding in a small company, so maybe start with that assumption.

So many good things today - outstanding results, unexpected special dividend, brilliant acquisition of Head of Zeus (superb talent, both in authors, management and staff), and a fabulous leap forward in the Digital resources division, where profits surged from £0.7m to £2.9m. Not too shabby for an old curiousity shop.

Buybacks now over 2% by my calcs - quite a big one today, over half a million shares. We're about half way through the programme chronologically.

Thanks for the heads up ceilidhan, it's something interesting to keep an eye on for the future, and well done PruFox for highlighting that 80th position rule. Pretty amazing to be in the 'unofficial' top 100 already anyway: quite a feather in the cap for CF.

They are apparently not allowed to call it 'final' for technical reasons, Ratbags, but despite appearances the May dividend is really the final. Obviously confusing, but there you go.

Seen_it's figures are correct, but bear in mind M&G were part of Prudential for the first part of 2019, so there was no interim divi that financial year (Pru holders got one in Sept). So the progression from 15.67 to 18.23 was untypical.

Looking forward, it seems reasonable to expect something like 6.1p for next interim in Sept, then maybe 12.4p final next May, all being well.

It's strange to make an equivalence between the US, with democracy and a free press, and the CCP's China, where the whole system is based on lies, the internet has been perverted into a propaganda machine, and even communism has been caricatured. We know all governments lie, but some lie much, much more than others, and when they employ an army to suppress any attempt at oversight or accountability, they cannot be trusted. If US intelligence has evidence, we should give it far more credence than anything coming from the CCP.

But this should be a health matter, not a political one. No one is saying the evidence is conclusive, but even Anthony Fauci is now saying that the lab escape theory cannot be ruled out. The Chinese should be pressed much harder for vital information they are withholding, if only to conclusively rule out lab escape. If there was a lab escape, the world needs to know, as there are several similar labs worldwide. ORPH offer several excellent services which the Chinese might find helpful.

Meanwhile the SP is up, which can only mean Invesco are buying again, right? ( :

Big story emerging from US intelligence, reporting that several Wuhan lab scientists were hospitalised in November 2019 with an unknown illness. China claims this is a lie (as usual) and say the first known case was in December. Chinese secrecy, delay and obfuscation about the initial outbreak remains worrying and suspicious.

" He topped up before the Apple contract termination"
My recollection is that it was later than that, during the formal sale process prior to litigation. Point still stands though - he got it wrong and backed off. Interesting that he is back though: could it possibly indicate renewed hope of a bid?

True, must have been a typo - ex div now listed as 27th.

Regarding special divs, it's possible. The buyback programme ends in Sept. Buybacks made sense when the price was depressed, there may be better options for the cash pile post-pandemic: R&D spending? Acquisitions?

The market doesn't have dressing rooms, and if it did, any player who needed a pep talk every 5 minutes would be dropped. SP was 25.8p at start of year, so 50% gain is 38.7p by end of June - on target, and a sensational rise. We had news about 5 days ago, that's recent by any standard, unless you suffer from ADHD. Lower price means a buying opportunity, if you still believe the story, it's only bad for those wanting to sell immediately.