Member Info for Chard_Nick

I couldn't see any reference to Protagonist on the newsletter. Do you think that they no longer hold this company??

Have I missed the RNS for this? There have been a number of deals announced recently.

Looking forward to the next NAV announcement. There should be a significant mark-up.

My take... tell Blackstone to get lost! Their bid was too low in the first place.

Perhaps this RNS might flush out another bidder. Hopefully something to look forward to tomorrow when the market reopens... Blue day, me thinks!!

This fiasco has made us extremely vulnerable to a low-ball takeover bid. Unfortunately, it has also meant that our bargaining position in another merger deal has been badly compromised.

Hopefully, CF's mates have kept their eye on the ball over the past few months and progress has been made with the drugs pipeline.

Best wishes

Chard_Nick

IMHO it was never a good deal for Poolbeg, so hopefully the market will see it as common sense having prevailed.

I think that the head has to roll of the bright spark who thought it was a good idea in the first place as the Board's credibility has been seriously compromised.

Any chance of the sp recovering to pre-nonsense levels? Probably not!!

Good luck to all long-term holders....

Chard_Nick

I'm not convinced that it will be shorts closing. More likely CFDs getting unwound IMHO at the end of the quarter/year.

Still a very welcomed positive share move for once!

Good luck to all LTHs / sufferers for 2025!

Chard_Nick

Well that RNS has gone down well with the market.

Good luck to all shareholders!

I sold my 10k NRR holding this morning @ 82p and another share. Used the proceeds to buy 23,841 CAL shares @ 64p which will convert back to 10k NRR plus a chunk of cash to reinvest elsewhere.

A couple of hundred quid that I didn't have this morning...

DYOR and maths...

Cheers Chard_Nick

Who's selling their shares to enable Octopus to buy without the SP increasing significantly?

Puzzled!!

Chard_Nick

Thanks for the reply Krusty. Don't think that I'll be doing any other liquidation plays...

Strangely enough, Eyes of Blue, I bought a few more yesterday under 18p and my average is now close to yours. I have traded these before and perhaps I will be able to exit with a decent profit before the liquidation is completed....

It looks like the liquidation is going to plan. If they can sell the remaining assets at 90% of NAV or better it will result in a good return for shareholders, including Milkwood...

Question is, where do I reinvest the proceeds? Are there other similar "liquidation plays" around?

I've already have DGI9, but their RNS today has tempered my expectations somewhat...

Best wishes,

Chard_Nick

Looks like I'm going to be holding for the liquidation payout - whatever amount this turns out to be!

Thanks for the feedback. I'm not convinced that the annual dividend on the consolidated share will be 8.8p. There seems to be many variables in play that will influence this number.

As far as the value of consolidated shares is concerned I look at the daily winners lists and often there is a share showing a large percentage gain (eg 960%) but when you study it there was a 1 for 10 consolidation so shareholders actually lost 4%.

When the open offer was announced I decided to sell half my holding at 16p with the intention of buying back in at 10p. Then, a few days later I thought about it further. I could sell the other half at around 14p and still buy back at 10p, so I did.

Now, before I commit to taking up my options I am seriously thinking that it might not be a sensible option. Why? Well I have yet to experience a share consolidation where the share value has been preserved. Secondly, I am unsure what dividend yield might be available on the new shares apart from the fact that it will be considerably lower than today's figure. Finally, having quite a few other REITS, I can get a known yield elsewhere. Of course there are many non-REIT options too. Given that the RGL share price is now around 12p, I doubt that I will be taking up the options.

Thoughts please...

Chard_Nick

Hoping for a very positive update as I have just topped-up my ISA account, which together with my SIPP holding takes me to 200k shares. Small beer for some, but a significant investment for me!

Good luck and best wishes to all LTHs

Nick

Looks like we had a lot more trades today and a SP increase to go with them. Just a bit of speculation maybe, or do people know something that hasn't yet been RNS'd?

Happy to hold and wait on this one!

Chard_Nick

This deal hasn't encouraged share buying (or selling) at the moment. Surely, in the scheme of things ABDX is grossly undervalued??

Still holding firm, and with plenty of hope for the near future.

Chard_Nick

My take on this...

What influence did the nomad have? If they strongly advised that an RNS was necessary what could the BOD do apart from agree with them?

It would have been considerably better to have requested a suspension of share trading pending a refinancing (of whatever nature).

Why has the situation apparently deteriorated so much from when they announced the dividend?

By making the announcement they have made matters considerably worse. IMHO an equity raise is now out of the question - or at least a very last resort.

Heads should have rolled ages ago. Where's the guillotine?

From a fuming LTH...