Member Info for Broomfielder

Like many, I'm invested here simply because of the (previous) high yield and whilst such stocks always carry a significant threat to such high payouts, cancellation of the Dividend outright is a fairly Draconian step, particularly in the absence of previous assurances over its future payment etc.
DLG, in my view, have long lost their competitive advantage on cost derived from their original business model and now seem a bit lost in terms of where the Group is headed.
That, of course, is also indicative of the poor Executive leadership/management which has clearly not anticipated nor modelled, it seems, higher sustained levels of claims and, no doubt, increased pressure on customers ability to pay, be they business or private individual.
What the Market desperately needs, is a realistic road map setting out clearly how this Group can restore its separate businesses to profit. A big 'ask' I appreciate.
However, in the current competitive insurance market whee costs are spiralling like an Octopus with 10 legs, I will take some convincing even with radical change in Leadrship.
I don't want to crystallise a large book loss on this share, but I may have to as the only other alternative in such market conditions, is consolidation with another player. And before we get too excited, that is unlikely to be at a huge premium to today's SP.
So for the foreseeable future, the SP will languish in the absence of any realistic chance the Dividend will be restored etc.
All in my opinion of course......GLA.

@dflynch - totally agree with your post. A previous 'upgrade' in II's website was partially reversed following customer complaints.
From my perspective, it's a fairly rubbish 'improvement' anyway as my losses are still all showing!

With a 'product' that has been (rightly) tested across the world and received acclaim for the accuracy and reliability of its test results in a plethora of circumstances way beyond Parsortix's objectives, its worth in medical research, analysis and ultimately alongside patient treatment profiles will be well known within the pharma sector.
For me, the test at this stage in Angle's evolution, is now based purely on its commercial skills to leverage its undoubted medical success. This is the point so many small and medium sized pharma companies in particular come to grief.
Partnerships, licence tie-ins etc are the natural way forward for a company that wishes to retain its independence.
They have a relatively small window to achieve at least a measure of success in these discussions to demonstrate to the Market their planned Business model is deliverable. The Company do not need cash imminently when looking at their historic cash burn, although a major Partnership announcement could alter matters despite the obvious notion that the other Partner will be cash rich etc.
I have increased my holding and view recent SP levels to be a very good entry point. I would however concede at this stage in Angle's development it remains not without risk.
GLA.
B

I have clearly been asleep at the wheel with this one - I must have missed the Profit Warning to the Market.
These are deplorable results on the back of increased competition and a SHORT period of adverse weather conditions (we are after all jot even mid way through winter).
Cancellation of the Interim and Final dividends sends a clear message to the Market and consequently recovery of the SP is likely to be slow and erratic. Lower costs are an isolated 'plus', but the impact these may have on any attempts to recover profitable business is a big unknown.
The hedge of commercial property has been a negative almost since the 2008 financial crash.
I won't be buying further as I see not only poor management but a business model adrift with few indicators on how any material improvement can be achieved.
Sorry to all PIs involved with this investment - its ironic it shares more characteristics with some of my AIM holdings than I would have thought possible.

I think, in truth, just about every PI will have some reservations over this whole bid situation.
Normally, in such circumstances, posters are blindly quoting all sorts of ridiculous buy out levels of SP, but so many investors have already been severely burned regardless of the eventual purchase price, quite apart from our views of the BoD members mentioned so frequently, I think most investors are taking a very cool, hard nosed approach to proceedings here.
And, as I said, with considerable justification.

Thanks for your post, Warsaw. It was certainly unusual to take 4 hours to sell a few hundred shares.

Still not cleared luckylurker, so I guess you might be right on the investigation aspect!
I'll contact II as clearly its more likely to be a computer issue etc as the proposed transaction was very small beer in the scheme of things.
I'm not aware if any specific NWG news that may have caused the slight dip in SP this morning.
Cheers.
B

Attempted to sell a very, very modest number of shares this morning and its gone to NT.......
Maybe the transaction is just too small to be bothered with, but this issue is not something I recall encountering with this share in almost 40 years+ of holding RBS/NWG.

I think most of us who have invested in (or should I say , taken a punt in) a mining co prospecting for gold, is well aware that its a high risk adventure at the best of times.
Here with WSBN they are certainly looking in the right area and whilst this is of course no guarantee of success, they have significantly reduced the odds aided by the process being conducted in a stable political environment where the value of Resources/mining is both understood and welcomed.
To me however, the key factor must be the proximity to Newcrest and their processing plant and infrastructure. I am invested in GGP so aware of their jv etc and the issues arising.
But so often with gold explorers it is finding the mineral resource first and then thinking how on earth are they going to fund its extraction to obtain their payback etc. Despite finding significant mineralisation, many mining Co's have never been able to fund its extraction.
IMO, provided the already established mineralisation at Red Setter can be shown to be evident across larger and conjoined parts of WSBN's acreage, then there will be a deal to be done with Newcrest, irrespective of their tie-up with GGP.
Now to me that puts an entirely different slant on this investment when comparisons are drawn with explorers in Central America, Africa etc. or in so many parts of the world where gold (and/or copper) resources are being targeted.
All known facts I concede, but worth revisiting when appraising the Market reaction to Red Setters first assays.

I have to say I agree with you Daltry.
Clearly, CA are acting in their own interests and we can only speculate as to what their full agenda is, but one thing is certain. PIs will have to look after themselves and rid ourselves of the charitable notion that somehow CA are riding to our rescue.
Yet again, PIs are left on the 'outside' scrambling to get a glimpse of what is really happening behind closed doors.

99problems - I don't think you will find many existing holders in HUR, be they long or short term, disagreeing with you.
I guess the only puzzle for many of us, is just why the wider market hasn't wakened up to our position.
Regardless, I believe our time has finally come and all that searching down the back of the sofa has given me enough for another (very) modest addition to my own holding tomorrow.

Ulster Bank was a joke long before 2017 (mentioned). Unfortunately, this situation was ignored firstly by NatWest and then it took RBS far too long to wake up to the situation when it acquired the English Bank.
In some ways, it was symptomatic of banking in N Ireland in particular where 'over banking' lead banks in a chase with each other to the bottom in an effort to retain market share far less grow it.
As many will say, it doesn't matter, it couldn't happen today. Well it could, because what passes for Due Diligence, audit and process these says is hardly worth the bother.
And don't even suggest Accountant's investigative analyses of a potential or actual target co would make a difference as they often understand the businesses to be analysed even kess than their paymasters.
And Dinoken, none of the foregoing is in any way aimed at you!

The whole gamut of risks associated with Hur have been described on this bb much more eloquently than I can manage and whilst, understandably, debate has focused on the upside potential of the SP, there are not many shares on AIM where the downside risk to any investment is effectively de-risked (barring catastrophe etc).
I've already topped up and am scrambling about downstream back of the sofa for any loose change for a further (very modest) purchase in my attempts to average down.
I am determined to make even a modest /tiny profit on my holding one day which I will regard as a great victory of sorts after all this Co (or should I say, its investors) has/have been through

I guess my over-riding thought on today's news, is that what we all thought should really be happening with Hur (given all the plusses well documented on this bb), is finally starting to actually happen.
I know I was not alone in being puzzled by the lack of Corporate activity surrounding our Co., so it's a relief its finally now in evidence.
You really cant begrudge the many lth's a brief moment in the sun!

Quite incredible that all these years after RBS acquired NatWest, the absolute mess called Ulster Bank is still featuring in provisions, having already cost the Group a proverbial fortune.
I guess that what must have passed as Due Diligence didn't cover opening the loan books!
It also highlights the dubious value of auditors when they no doubt signed off on their Accounts without so much as a whisper, and yet, like so many other Corporates, it's goes bust for very obvious reasons once you take a look.

It seems UK 'corporate' is being shorted at the moment, so who knows where the bottom is for NWG and many other apparently strong stocks.
You almost get the impression the Market is trying to enforce 'Regime change' on the UK and will let up only if they get R Sunak and his policies in place which they view to be the only safe pair of hands they trust, it seems.

With current market/world conditions being as they are, the abrupt exit of II/Funds etc across many AIM Co's is becoming something of a trend in recent times. This erodes their own asset values but it destroys the investments of many PIs as the SP sinks under relentous selling. And we never know whether these sell offs are reductions or outright disposals as Maninshed says.
These actions can in some cases precipitate a crisis for the investee Company and while I do not think Invinity will disappear, it does place them at risk of takeover from a 'low ball' offer IMO. I'm with HellasV on that risk as I believe for so long as the SP remains under pressure, the confirmation of sales etc may simply not come quickly enough.
I have not been a lth here but since getting on board I've witnessed my investment already being trashed by c60% by the SP's downward trajectory - I admit I certainly don't get all my investments spot on, but Invinity is already one of my quickest downturns!
However, rather than crystallise my already substantial losses, I'll take a leaf out of Richard08's book and hang around a bit longer as I still believe in the Company's business model but I don't think it has the time it thinks it has to deliver sales/cash flow.

Of course, we were hoping for the awaited Plan of the way ahead but, honestly, I just wish all my portfolio Companies were debt free, already had a substantial cash pile, generated positive cash flow from a product in worldwide demand, benefited from positive Exchange rate movements from sales, had legacy accumulated tax losses of considerable amount........

Those wishing to reinvest the so-called Special Dividend in more NWG shares, I hope, had the sense to await today's Budget, not just because the drop in SP would be in your favour, but because the full implications of the various measures takes some time to digest. Quite a mini budget!
Today at least has witnessed a fair amount of big money going back into Bonds at the expense of shares amongst others. A lot of FTSE Co's are down again fairly significantly. The overall package looks to me to be highly inflationary and must be giving the BoE kittens, given they have only wised up to the UK being in recession despite the official figures. Admittedly, the levels of Gov monetary intervention since Covid lockdown has artificially improved the data immensely but their approach to inflationary control has been pathetically poor AND late.
The budget is a desperate dash for growth to stimulate our economy which appears to be in a steeper dive than anyone in Gov seems to have realised. It's not just the BoE's dilatory approach to Interest rate and Inflationary management that is contributing to Sterling's collapse, it's unfortunately more to do with the wider Market being less than confident both inflation can be effectively controlled and the UK economy effectively stimulated to produce real growth.
We will not even expand on the National debt levels and hugely increasing interest burden but as a country, we are in a mess.......that's IMO of course!

With an increase in Interest rates today not so much a question of 'if' but more by 'how much', the general consensus is that in isolation this is very good news for Banks as we all know how adept even the less competent are at widening margins, increasing fees, higher default rates etc.
What could possibly go wrong?
Well, recessions are unpredictable in their effects, depth, duration and unintended consequences which history shows have caught so many unawares.
This time around, our world seem to have reinvented many risks or has somehow combined these in ways we have nor seen in generations. Just think how many forecasts and projections have been binned since the 'end' (sic) of the Covid pandemic/lockdown etc when the world's economies hit one supply crisis after another.
That's before we get to the deranged psychos in Moscow now threatening the world with nuclear annihilation. But even if we are spared this horrendous possibility, our UK National debt spirals to levels never before contemplated as the Gov attempts to protect our economy against the explosion in energy prices/availability. And there's every chance further substantial increases in Gov debt will be required beyond that to be announced later this week.
Whilst Sovereign debt will never be repaid, it will have to be reduced one day from these levels. And that is never easy.
That position differs from the debt due to Banks of course and whilst some leeway by way of repayment holidays, moratoria etc etc will be provided, the position has to be more opaque looking forward even if the NWG has stated publicly that the customer distress position has thus far fallen short of projections.
So IMO, NWG has a lot of ground still to recover in terms of its SP, but its progress in recent years has been encouraging and obviously we all/most hope that this will continue but I guess no-one should be complacent simply because Interest rates are on the rise. Business, geo-political and other risks seem to be appearing and spreading these days rather like Covid 19 virus.
It's almost a certainly, there will be some significant bumps along the way for our investment, but I think we are better placed to meet these than we have for many a long year.