Member Info for BoracicLint

I am sad to see Debenhams go. In the small city where I live, it was the biggest shop and right in the centre. I always liked shopping there: generally decent quality, nice staff and fairly priced. The cafe was good, too!! It got ever-quieter as the years passed so it's demise is no surprise to any of us. Now it's all boarded up and very sorry for all the staff who lost their jobs.

For BOO, it seems a good choice to diversify and grow as a less specific brand instead of fashion only. I think it will take time and growth won't be like what we've seen in the past 4 years but I believe the share price will go up in the medium term.

I was surprised to see the SP go up on the news; I usually expect it to go down when there's an acquisition. It does look as if the short term technical indicators suggest a downwards move but I am staying put.

GLA.

Agree Jimmyg56. The risk has increased in the sense that FCA approval has not been forthcoming but they haven't completed their assessment, either. As other posters have said, Amigo is pushing the envelope and rightly so. It seems the FCA is dragging its heels or is unhappy with the detailed terms we can't see and as cogitating.
The question is, would it let Amigo collapse, potentially leaving customers currently expecting some compensation with nothing.?It would also result in a major source of funds ceasing to be available to those who need credit in a post-COVID UK where unemployment is likely to be above average for quite some time and poverty will become more embedded.
On balance, I feel the FCA will approve but new lending won't happen for some months yet and I will continue to hold, looking for gains towards the end of 2021 or even beyond.
It's just become a slightly higher high-risk trade!

I haven't been on this board many months but always appreciated Nige_W's positive and well-thought out posts. Very sad news and condolences. I hope that the Nano vs Samsung case turns out well in his memory and for his family, too.

I made a little top-up today of 5000 shares. You may be right about a rise from the end of March but I wanted a little more in advance of the Markman hearing, as that may spark interest. If potential investors wait until after and Samsung decide on a pre-jury trial settlement, they might miss out completely. I know I'm assuming 2 things here:
1 - the Markman suggests NANO has a valid case
and
2 - Samsung will settle without a trial (which seems very unlikely, considering their history).

Likewise, I decided to sell to realise profits, rather than wait for the possibility of shareholders not agreeing, the deal failing , followed by a big drop. Couldn't get a quote for 8000 shares to start with but sold within a few minutes at 34.35p, for an average profit of 22% since Sept. Best of luck to remaining holders - I hope for you that an improved offer comes. GLA

It used to be Richland Resources prior to the RTO, with a ticker of RLD. (And before 2011, it was Tanzanite One.)

Rosetinted, no I don't think you're missing anything. Current holders like us are mainly enthusiasts looking forward but we may have to wait for positive RNS (or at least ones indicating progress) before IIs decide we are worth the risk. I would imagine there must be numerous companies similar to ours they can invest in (?). Once we have news it may encourage day traders and short-termers and that could bring volatility but I am guessing this will be weeks away at the earliest. If the MMs are still short, that may help a bit of upward pressure. As you say, the current spread won't encourage new investors. Since you mentioned the team's previous success with Aquarius, I confess to having daydreamed about this share - that's what lockdown does to me!!!

IG has, at last, updated the name to Lexington Gold Ltd/LEX.

But who are Pure Ice? Mr Google returns a delisted company, a clothing retailer and a few ice suppliers in Scotland....???

Thanks for the link. Have just listened to this and the main points I picked up were (as a layman!), in reply to the question about what is planned over the next 12-18 months:
1. Undertaking helicopter and magnetic surveys (already started or imminent) and using historical data to create a 3D model from which drilling plans can be made.
2. Initial diamond drilling to confirm historical drilling results - to start ASAP.
3. Expansion project which will use a 'reverse circulation' drilling technique, which is cheaper than diamond drilling and provides larger sample sizes and that, in turn, should provide more accurate estimates of the reserves and avoid the nugget effect, which can exaggerate the quality.
It all sounds a positive start, but I have to remind myself these are only prospects, albeit ones with a good history and with modern techniques give the possibility of greater extraction than in the past. (As I've said before, I'm stuck in a big paper loss from 2009, so I am in this for the long haul - most other posters seem to have got in a 'sensible' prices.)

Mahmas01, yes, that's my understanding of how it will work. If you don't know already, you should also check that your broker allows your account to hold US shares. If they do, you may also need to complete a US W8-BEN form, which certifies you are both a foreign person (ie non-US citizen) and that you are the beneficial owner of the shares. You only need to do this once for all US shares and I think the form is valid for about 3 years, when you need to complete another. My broker lets me do this online.
If your broker doesn't allow US shares, I think you may have to cash in before the takeover, but other posters may be know better than me! Good luck.

I was late into this share, having bought on Guy Fawkes night but thought it had good prospects. The takeover offer was a surprise and though another bid may come, I decided to sell my small holding of 500 shares to lock in a nice 14% profit now.
TTWO US shares have a PE ratio of 43 - higher than CDM 29 ish and, like CDM, don't currently pay a divi. A recent Motley Fool article compared TTWO with ATVI and suggested the former may be the better choice. Maybe absorbing CDM will help TTWO grow, so best of luck to all remaining holders.

The gold price has declined from over $2k in August to around $1790 now and charts show some gold funds moved below the 50 day moving average near the end of Sept. I suspect a combination of profit-taking and positive covid vaccine news has caused this but am not worried about this share. I still think the medium - and long - term trend in gold will be upwards and the scars on the major economies from lockdowns will take years to sort out.
We also still have the elephant in the room of massive fiat currency printing and that means gold will be thought of as a safe haven. Many gold miners have costs of production far below the current gold price and provided demand holds up, should have a very solid future.
If and when we find deposits of the right quality and are extractable at reasonable cost, presumably that will be the first big leg up for the SP. In the meantime, patience, patience, patience...
GLA

Thaw, I agree. If we were to look at today's headlines in isolation, you'd think Amigo was on the point of going under - this headline is in the news section of this very site: 'Amigo Sinks To Loss On Tumbling Loan Book As It Tussles With UK FCA'. I think the majority invested here are confident the current situation is under control and being well-managed and we appear to have enough resources to continue.
With unemployment predicted to get worse, the potential AMGO market should be larger, especially if new products are launched. I am in for the medium term, at least, as IMHO the shares will slowly rise to a multiple of current levels, which will mean holders who got in at higher prices will also do well. I was lucky enough to average 8.6p but am a small holder with about 40k shares.
GLA.

Hi Mark, if you mean the price immediately before suspension, the price is effectively the same. On my broker, the last price was showing as 0.32p. As part of the changes from today there's been a 10:1 share consolidation. I had about 1m shares, which are now about 100k following this consolidation. At the same time, the price was multiplied by 10 to a notional 3.2p, so the value of any shares you hold should be unchanged (barring any rounding down of shares). My broker, IG, has currently got it all wrong on my RLD holdings but this has happened to me before on a different share and can take a couple of days to sort out.

Maybe I'm being pessimistic but I think the best we'll get from the results is a sense of clearing the decks. Now there is a unified BoD which looks as if it will be carefully be dotting the i's and crossing the t's with the FCA, there might be some upward movement in the SP but nothing major until they announce re-starting lending. I'll gladly be wrong, though!
GLA

In IG, it is still under RLD, which other posters suggest will last a couple of weeks. However, in both my ISA and Share accounts, the shares have been consolidated but the share price shown is the old one of 0.32p, yet my overall account value has gone up by 30%. It's completely screwed up at the mo, but as am not selling for some time, I'll just be patient....

Oops - I can't count. Thanks for confirming the correct day is Wed, not Thu for start of trading.

Yes indeed, Munchlet. The RNS is out, confirming all the AGM resolutions have been passed, so the share consolidation is going ahead and trading should begin on Thursday. Feeling a combination of twitchiness and excitement. I need to get out of the house for my daily lockdown exercise!

No worries. Thanks for your input. It's all useful info.