Member Info for BoracicLint

I am looking to invest here. It seems a good business, with a potential moat and expansion possibilities in the US. It seems a recent bid fell through but surely the SP reflects this already. Why are there so many shorts here and why have they increased recently? Can anyone help? Many thanks.

I get the sense there are really only 2 points to make here.

1. Can the company continue as a going concern once it's delisted?

2. How will shareholders fare?

1. It seems the IP remaining does not attract commercial interest currently. Looking back, this has always been a jam tomorrow company, promising at times but ultimately leaving our toast only buttered. History suggests there will be no change in the future; the company has missed it's time.

2. I have had two other shares go private and neither were good experiences: both changed the company structures and what little value was left in the shares disappeared totally - in other words, a wipeout. As the RNS says, shares will be highly illiquid - once private, the chances of finding a buyer for your shares at the price you want will be very difficult. How can the SP be valued when the only information available is what the company chooses to publish? I am glad I escaped with a small profit, following Kooba's excellent analysis of the the company's situation and prospects and taking up the tender offer. I have kept a watchful eye on NANO, in case it's fortunes turned around, but sadly it seems it's not to be.

Dohler are getting this at good value. Management seem to have lost their way so maybe it will have a brighter future. However, the offer leaves me losing about 50%; my only consolation is it's a smaller investment.

I can't see why this has dropped following what look like good results. Decided on a top-up just now at 522p using my online broker IG (who got a broker upgrade today and also went down slightly - incomprehensible markets!).

UBS has upgraded IG from neutral to buy, with a price target of 1600p and the SP goes...down! I think the share price will trend upwards and the divi is quite good, too so I will be staying put.

I hope so. I watched this from when SP was in the teens, thinking this looks interesting. Then I waited for a drop - which didn't happen and then finally took the plunge at 70p - doh!! I do believe this has a long way to go and will look to top up tomorrow.

I got in at over £6 in 2022. I thought TET seemed a solid business and it is yet another company being bought out for a song, when it's at its bottom (only a year ago, the SP was well over £4). I agree it makes no sense to sell at this price unless something serious is amiss that we haven't been told about. Surely they could hold on for at least a year while revenues recover and then consider bids for the company in a time of relative strength, to realise reasonable value for shareholders.

I don't think there are any other bidders so may have to accept about 60% loss.

Yes I am! Having got in again at about 400p in May, this has dropped considerably and shorts have increased. I'm inclined to hold on for the interims, which I think will either be in line or better but what effect there will be on the SP who knows...

This has just appeared on the BBC news...

"A compensation scheme for drivers over the mis-selling of car loans could cost as much as £18bn, the financial regulator has said.

The Supreme Court ruled on Friday that hidden commissions from lenders to dealers on car loans were not unlawful, meaning millions of motorists will not be able to claim.

However, the judgement left open the possibility of compensation claims for particularly large commissions which the Supreme Court said were unfair.

Following the ruling, the Financial Conduct Authority (FCA) has said it will run a payout scheme - estimated to cost between £9bn and £18bn."

Some of the SC judge's comments implied a redress scheme might not be viable. Now the FCA has come up with this - it appears to the usual nonsense, pandering to compensation culture and nobody taking responsibility for anything. The main winners will, of course, be the claims management companies.

I am not invested here but keeping a close eye; it's not clear how much of CBG liability is already baked into the SP, so it seems safest to stay on the sidelines for now. Good luck to all existing holders.

That's what it seemed to mean to me as well. If IFX are out, presumably the administrators rule the roost and shareholders will get nothing on liquidation of the company.

Got back from hols and was checking my ISA and saw this share wasn't trading. Then had a look here and saw this shipwreck. Having got in years ago at 157p, what is more galling is that I topped up at 38p in January, thinking the business was going in the right direction. Doh!!

Thanks Trump - and I hope the directors are all barred from holding office for years - they have failed their business and their shareholders disgracefully.

I was in this when it was Amur Minerals and was dismissive of the RTO and Crism. Having paid an effective SP of 606p I don't think I'll ever get my money back on this.

However, I do wish Crism success and it seems there are some promising investigations and development that can help target chemo in a better way. My dad had prostate cancer; being elderly it was controlled with a series of injections but it still spread slowly. Apparently, 90% of men over the age of 90 have prostate cancer but most die with it, not from it. It will be interesting to see which cohorts this development will help.

I have reluctantly sold today after holding since 2017. Should have followed the charts and seen the decline since Aug 2024 to get out much earlier. It seems a solid business and unclear why it's in such relatively severe decline. When the charts show some sustained sign of the SP rising again, I expect to buy back in.

GLA

According to the summary page on this site: value sold £626K, value bought £1.05m and SP down over 7%. I agree Coldspy, something fishy going on...

Regent Gas has increased again, to just under 21%, according to the RNS today. Things are looking more positive here, with new capital and some profits being booked in 2025 instead of 2024. Hopefully, the SP will keep moving up; I got in at the wrong time last year, with an average of 92p, so some way to go before I'm in profit!

I think it's because the takeover isn't guaranteed.

I've seen this with other shares with TO offers and the SP stays a little below the TO price as there is still a risk that the TO doesn't happen. I sold 2/3 of my holding in October for a good profit in case no new offer emerged. I sold the remainder today for even more as I have seen other TO fail and would rather take profit now than risk a drop back to the pre-offer SP if it didn't.

Appreciate I am probably being over-cautious but would rather forego a little potential profit for money in the bank!

Well done to all holders here!!

Generally positive RNS, even if client numbers are flat. I can't see why this should cause a currently chunky drop of over 6%. There is enough detail here that is good, unlike CMC Markets who issued a terse, no news RNS and has dropped a lot more. Perhaps that is what is partly dragging IGG down today.

The SP had gone up by about 50% in the last year, so that coupled with a decent divi means I'll be staying put but better keep a watchful eye over the next week or two to see if the trend is changing...

Got into this share in 2017 and it has lost 90%. It seemed to offer much promise at the time! Nothing I can do, as the business has its back to the wall and I doubt any other bids will be forthcoming bearing in mind the few successful brands in BAR. I'm already in W7L which has done really well, so may opt for the W7L shares rather than cash.

Well done to those who risked getting in here recently and will be sitting on a nice profit.

Will the drop ever stop? Since the 'recent' peak of about 650p in July 2023, this has now lost over 90%. I got in at about 880p and should have got out a long time ago; at least it's a small position. The only ones making money here must be the shorters Helikon who will be retiring early.

Well done making a profit! I got in at 12.05p so sitting on a 25% loss if this goes through. I doubt an alternative offer will appear but I'll hold on to the shares just in case... It's a shame the business model was partly shot away by tech changes - not many people except oldies like me want a physical CD any more. The mobile side of the business does look like the future - there is a big market for refurbed phones but MMAG needs to be as slick as Backmarket and similar businesses.