Member Info for Broomfielder

Whatever happens with the SP, you can be sure the MMs are rarely, if ever, the ones to suffer.

I'm not a fan of greater regulation, but there certainly needs to be something done about the lack of transparency in MMs behaviour, quite apart from the lawless AIM itself.

A casino can be fun, but not if its rigged in favour of the operators.

To me CPX exemplify a small C with a great product, forever under-capitalised and lead, usually, with enthusiasm from the top, but lacking in the spread and depth of Corporate leadership.

The latter is never a surprise because theres a high risk of failure for them as there is for shareholders. Arguably, there is a strong case (in my head at least!), for a reward to shareholders in such circumstances beyond the hope of capital appreciation and one day, a dividend. The answer is a Profit Share Agreement with a class of holding distinct from an Ordinary shareholder.

That, I accept, is never going to happen unless you invest in strategic amounts which will be beyond the average PI and we are left to trust our instincts as much as any real financial analyses.....as we never have the quality of detailed Management accounting data to work with. And that's not peculiar to CPX of course.

So, meantime, having witnessed so many false dawns over the years with this Co, understandably, they now have to deliver material and progressive MEANINGFUL growth moving forward.

As far as I am concerned CPX are now very much in the last chance saloon and 'last orders' aren't far off.

All IMO, but all the best to everyone.

B

Newuncle - some Sterling input from you today in your postings. Much appreciated.

B

If these sorts of SP were to materialise, allowing for the spurious share consolidation and later, return of capital masquerading as a Dividend, then we are once again back to the Group's share sudpension and in bail-out territory (ie 2008).

Only this time around it the Gov who are bailing out.......maybe they actually know something and are doing a runner?

To get a decent CEO, you need to get rid of the HMG shareholding..........ie all of it.

The parallels this Bank's relationship has with HMG and todays' mega rich owners of football clubs have with their respective Managers is actually quite scary, especially as both respective owner types know next to nothing about their investee business.

If in any doubt about HMV, just look at the Bank of England. Oh, and its not that independent either.

Along with every other shareholder in NWG (formerly RBS) at the time of the 2008 financial crash,, the Gov have already lost substantially on their 'investment' having paid an average of £5 per share, so any public sale will likely increase that loss and that's before capital carrying costs, inflation etc are taken into account.

I guess that whilst the media tend to focus on this issue, as do many of the public, the support provided to RBS and others at the time, should be more looked at in terms if jobs retention, key infrastructure protection etc in the same way that other industries have been supported (often where there is no prospect of getting any cash back) or for that matter new inward investment projects which they hope to attract to the UK.

So, bottom line is the selling price is likely going to be incentivised in a number of ways, be it by way of discounted price, guaranteed income, tax concessions etc just to ensure the sale is successful. They will have to justify the eventual sales package to appease the wider public, but as shareholders at present we are likely to see a lot of volatility in the SP but as there should be no more dilution, the sp should eventually settle and rise thereafter provided market conditions generally don't b*gger things up.

All IMO of course.

B

No matter what way you try and cut it, small/tiny cap research co start-ups must be about the riskiest investment play, even on AIM so no amount of analysis will ever generate an acceptable business case until it transforms into a convential corporate able to demonstrate the usual metrics of sales, debtor management, cash flow, capital adequacy etc.

IMO, Angle are someway away from this conventional commercial analysis and to me, little more of a punt.

It is however a punt I have made more in hope that there is a commercial product or procedure that will genuinely advance cancer diagnosis/treatment etc. within Angle's line of vision.

I can't argue with many of the more negative views expressed here on this bb, and people are entitled to them. But these views have been largely pertinent since day 1 of Angle starting up.

Let's hope there is some supportive commercial news, if not this evening, then very soon, otherwise if Global Frontier Inv are reading today's posts, they might think about selling up their 6%+ shareholding.

That's a fairly significant minority shareholding these guys have amassed and a significant vote of confidence....rather puts my tuppence worth shareholding in the shade somewhat.

Nevertheless, its an important tuppence worth to me!

Thanks guys - a lot of sensible input here.

As shareholders, I guess we are in for the (very) bumpy ride here continuing until HM Gov finally exit.

PSK - agree with the ultimate positivity of HM Gov selling up despite the short term disruption likely. NWG will however require to become less institutionalised in its Executive mindset to make the transition have any true benefit. Our views on our existing and past BoDs largely bear out a serious need for change.

Dinoken - appreciate your feedback. For my part, keep your own input coming. Always a unique slant on things!

I think that's (ie discounted share offering), that the Market is wary of, hence the continuing soft SP.

As a way of destroying value for existing shareholders, including themselves, such a move might help shift shares currently owned by HM Gov but surely even Jeremy Hunt can think of something better? OK, maybe not!

I'm no expert in such things, but the sale of shares by a minority shareholder at substantially less than Market value creates a false market in the Group's shares.

Surely there's SE regs that prevent such actions....although no doubt this Gov would side-step such niceties.

Better to grant quasi ISA tax benefits or similar for 5 - 10 years after purchase etc.

Any medical Corporate proclaiming 'breakthrough', groundbreaking etc in terms of cancer diagnosis and treatment is, understandably going to get worldwide attention and scrutiny.

Given the extent to which Parsortix has been widely trialled, tested and proven etc to date, then I think we really have to expect something fairly special to move the Co to go public with such grand claims.

Could this really be the transformative news we had hoped for, for AGL and, perhaps more importantly, cancer sufferers across the world?

Agree with that Dinoken wholeheartedly.

IMO, the only CEO in recent times the Group have had with ability, great judgement, vision etc who has spent his career dealing with extremely difficult corporate challenges and was, of course, removed from office by HM Gov for having the temerity to disagree with them and outline an alternative course.

I'm not a fan of his country gent lifestyle but a small price to pay I think. Altogether, a Premier league team compared to the pub team types that have been running NWG as HM Gov puppets.

Not a chance of happening though.

Unfortunately, PSK it didn't quite manage the uplift that you hoped for today.

In truth, we are a long, long way from sanity in the SP here and there certainly can be hope for growth going forward (imo). Whether we actually get that is quite another matter.

It was on my Santa list to deliver a new CEO who had genuine leadership, dynamism, invention etc (oh, and not forgetting integrity which seemed to have slipped off the list in recent years), who could cleanse the BoD of the acquired dross and take the Group forward (yes, forward), once HM Gov sell off their holdingvto Sid or anyone else.......hopefully, without any further discount in the SP.

On that score, surely a Special Dividend linked to some Tax Break etc rewarding holders after, say tie-in etc could avoid further losses to existing shareholders. It would be in the Gov's interests after all.

Anyway, all the best to all shareholders, and here's my toast to £200 per share......which unfortunately isn't a typo, but would be my break-even!

Appreciate your reply Kingalf.....I'm just glad someone can make some money out of this share!

Not a bad deal for the staff who over the years have been much maligned for some outright ridiculous Senior Management/ Executive decisions which ruined the combined excellent RBS / NatWest Banks......excluding the absurd Ulster Bank which was run by a bunch of clowns and now rightfully closed down.

...... and those c5m trades (sells) were conducted at 8.97p which is also the Closing Price for GGP shown by Interactive Investors on my portfolio and not the 9.25p shown above.

Kingalf - I kinda wish what you say was true, but given that NWG has close to 9bn shares on issue, what staff are doing with their maturing share options will hardly cause a blip......unless of course they have just had too much disposable income!

Unfortunately, the banking sector and, perhaps NWG in particular, are well out of favour for a whole raft of reasons.

Maybe going some way to explain 15 years of decline in this share....and counting!

Best of luck anyway.

B

Tbh I'm surprised (pleasantly) that the SP has recovered to the extent it has but in looking to the levels of Premium increase the Insurance industry has levied this year in all walks of risk type, I do think DLG has been helped in its own steps taken to increase income and recover costs etc.

There's little doubt that the high levels of inflation seen in recent months, have greatly helped many businesses mask their own deficiencies allowing them to widen margins under the guise of general price increases but let's hope in DLG's case, they have also a close handle on their costs/ overheads enabling them to deliver a broad based, income driven growth in profits which will allow the reintroduction of Dividends at a meaningful level.

Recent sustained increases in SP suggest many investors may be thinking along the same lines imo.

I love it when all the big Brokers / Analysts blithly indicate their future anticipated SP levels for any particular share and then say absolutely nothing when the actual price fails to get anywhere close to their forecasts.

As with statements from politicians, any such advices should be ignored, with your own research much more likely to be both more productive and more accurate

Analysts record generally as far as NWG is concerned, has been absolutely woeful.

JABH - I meant to add that IMO, the Gov WILL sell their shares to the public at a discount but, doubtless will build in a lock-up period where on sale of these shares cannot be undertaken in the very short term.

This will help to calm the Markets' obvious reaction to move the open SP closer to the discounted offer SP but depending upon the length of any lock up and the amount of shares being sold, these factors could also impact on the SP in the short term.

Also, bear in mind that no new or additional shares to the existing Issued Share Cap are involved here, so no actual dilution. It's more the extent of the shares being traded that could disrupt the SP until matters settle.

All IMO of course.

I agree wholeheartedly with your views on the disposals mentioned. Only caveat I might express is the lack of demonstrable abilities within the Group's Executive to extract the true value of the businesses through growth/expansion etc had they retained them.

I would say it would most certainly depress the (market) SP , JABH, as otherwise it would immediately present any buyer with an arbitrage opportunity allowing to sell into the market at a profit. In reality, that's why placings, additional shares etc, whilst being dilutive, always quickly take the SP toward the prevailing price in the open market.

Here, the Gov's holding is substantial and any significant part being disposed of is likely to have an adverse effect on the SP at least in the short term.