Member Info for cefncribwr

It's just a shame that demand for British shares is dropping all the time though, as this article from last month's DT shows.

British pension funds have slashed their exposure to London-listed shares to a record low, delivering a fresh blow to hopes of a stock market revival.

Just 6.6pc of pension pots are allocated to UK stocks – down from 7.6pc last year and 48pc in 2008 - according to a survey of 5,000 corporate schemes.

Who'd buy a FTSE 250 tracker these days though? Investors have been pulling out of the index for years and the FTSE 250 is down over a 5 year period. The AIM index is down even more though!

I imagine that a lot of AIM funds will have sold out of Gamma in anticipation of their exit from AIM. I suspect that more will do so, as well as individuals who bought for the AIM tax breaks. It all makes for a depressed share price. So much for a move to the FTSE 250. It didn't do much for Ceres Power either, which has fallen since it left AIM.

Sell recommendation in current edition of IC, stating that the point of profitability has been pushed even further into the future.

....for 287.65 pence. Pleased that the spread is so narrow. Bowing to the inevitable and also didn't want to risk a failed takeover and subsequent de-listing.

In an article in IC today, the writer suggests that an improved bid is the most likely scenario. I hope so, although the current market price suggests that this view is not shared by everyone.

In the end, HSBC and the UK government have done a decent job in rescuing the bank.

I'm guessing that the collapse of SV Bank could hit these shares quite hard on Monday. Lots of start ups had money invested there, quite possibly including companies in which IP Group had holdings.

If you look at takeover bids in the last year for Darktrace and GB Group, for example, they were both withdrawn and the share prices dropped by about a third in each case on the news. I'm not saying it's going to happen, but the bidder here may just decide not to up his offer and then buy more at a lower price when the share price falls, thereby increasing his stake to a point where a future takeover cannot realistically be blocked.

.....is that the deal does not go through, there is no improved offer and the share price drops to its pre offer level or below. That's probably why the shares haven't gone higher.

My online calculator suggests the sterling value of the offer is now £2.84, so about 8p short of the current price. I really don't know what will happen but am prepared to take the risk of losing 8p a share in the hope that we will be offered over £3 once the Board has given their assessment.

The stubborn and stable market price unfortunately suggests that the market is not expecting a higher offer, which is a shame. Whatever the Board says next may of course have an impact on the share price.......'we recommend that you do not accept the offer' would be nice.

Comment below was in response to 'I've just bought 80k worth at 250 so lets hope so Pat'.

If that is indeed true, it seems to be an incredible risk to take with your wealth given that no investors seem to properly understand this volatile and unpredictable company............

If that is indeed true, it seems to be an incredible risk to take with your wealth given that no investors seem to properly understand this volatile and unpredictable company............

Warren Buffett's wise words have rung true yet again.

Share price entering new lows with little support and plenty of hedge fund interest, for the wrong reasons. I hope I'm wrong but the falls look like they may be accelerating.

Yes, but unfortunately other brands are available.

.......Warren Buffett.

.......Warren Buffett.

On the one hand, you state "You don't announce a settlement unless the terms are agreed. " and separately you state "It may still go to trial if a settlement is not agreed". Mmmmmm.
You also say there's more certainty than ever and that there's hardly a shred of risk / it's a no brainer despite buying at a higher price and admitting that you been bitten before.
Caveat emptor. These shares are for extreme risk takers only.