The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.
I think people build up a lot of thoughts and narratives in their head and to validate them they have to bore people on the internet by writing them out in these type of places. Maybe they haven’t got the confidence to do it in person around their peers incase somebody’s knows more about a topic than they do. I duno I just find it boring, I’m only here to get peoples thoughts, opinions and facts on the company
In response to you Minecheck, somebody mentioned earlier which was spot on. Everyone who has invested in Ferrexpo hasn’t done it blindly. Maybe the odd speculator but ultimately everyone knows what is going on and the risks involved with such an investment and based on their own circumstances have made their personal risk-reward calculation. If you haven’t had the stomach or funds to take a punt at this, that’s fair enough but I don’t understand why you are. There must be better forums for your keyboard warrior skills to go to that will have more tangible value surely. Maybe it’s just this typical “I told you so” “armchair preacher” type mentality that is so prevalent here in the Uk. It just amazes me how many experts on Russia, Ukraine and war have popped up in the last 6 months
I find it interesting how this share chat has become a cesspit for people churning out either their propaganda thoughts of either the western or Russian media as well as apparently everyone in here having some sort of high end military background. What ever your opinion on the war or media is, we don’t know for sure what is actually going on. If you have an opinion or theory it’s more enjoyable to read if it’s constructed as one rather than everyone thinking they are experts
The problem in this country is the institutional investors/pension funds aren’t active enough. They amass big stakes in small company’s purely because of the levels of money they are dealing with but they aren’t interested in approving anything. They are just run people who are in it for the large commissions and fees. They sugar coat their funds with some fancy strategy for picking stocks but the reality is they just diversify to a ridiculous level. They say they are active managers but you look at their holdings and they end up owning almost 100% of an index? So the whole industry is built on greed and lack of business/entrepreneurial spirit. Makes no difference to them, they still get the 2% AUM fee.
*vote against it
Im still really surprised and skeptical that (according to the filing) Tosca have backed the deal considering their stake and average price. It just seems really fishy to me. Either as people have said they’ve had some sort of backhander or perhaps going to receive a stake in ABG. Looking at the history of Tosca they have always been loud and active during these types of situations. So it seems uncharacteristic. Also the deterioration of retail and the high inflationary environment was on the horizon throughout the first offers coming in, at a higher prices. The whole process has been a shambles and I think us PIs should do all that is possible in our insignificant powers to understand what the hell has happened and also vote against us. Individually we are nothing but if we can all agree as a collective then we have a voice.
Well I sent an email this morning. Doubt I’ll get a response
I’m in at 1.66 lol
Yep. Also Moss Bros for me.
What has really frustrated me this time is how the management led the majority of shareholders to believe that they were holding out for a much better offer. If back in March we were not told that 130/137.5p a share significantly undervalued the business than I for one would have not held on, purely because of my experience in these situations before, being that it’s always better to sell on the news and back then it would have been for a huge premium over this now ****ing pathetic offer of 110p.
There is such a chronic problem with British management. They are just greedy spineless morons. Fortunately this was the last UK company I’ve invested in as much of my holdings are now in US.
What the **** happened to 137.5 “significantly undervaluing Ted Baker and failed to compensate shareholders for the significant upside that can be delivered by Ted Baker as a listed company.”
Ok so we will sell out for 110 instead.
Another case of **** management in it for themselves.
I can tell you that Umar Kumani owns 1.41m shares at the moment. That is the son of Boohoo founder (who founded PYT before it folded into boohoo). Can’t see Matt Mouldings personally holding any stock unless it’s through an institution.
Jupiter haven’t timed anything well for a while and are in a dire situation at the moment. Their Chrysalis fund is turning into the new Woodford which is a problem in itself. Ontop of that they’ve had to deal with extremely large client redemptions recently due to a lot managers leaving which caused uncertainty and generally it’s just not very well managed anymore. This 2% clip might not mean much other than simply needing funds or it could mean they are winding down. Personally i wouldn’t touch anything these are in at the moment.