Member Info for cszjrh01

Can I just check you understand what MCAP is? No? Ok.

Can everyone PLEASE stop buying and spare a thought for Smelly/Forest trying to short this down to 0.2p.

At this rate he won't even have enough to buy his packed lunch.

Yawn. Another day, another grumpy PREM holder.

Odd. Both my brokers haven't flagged any issues / questions with this.

UK tax rules don't allow delisted shares to be held in an ISA wrapper so they are transferred to normal trading accounts. No such issues with SIPP held shares.

Odd the number of PREM shareholders that have appeared here rubbishing a company they know little about.

Seller beware.

I do find it very strange the number of PREM shareholders that have appeared on here rubbishing a company they clearly have little understanding of.

Oh well, at least the forum will be shut down with the delisting.

Great set of numbers yesterday and better than I'd even dared hope for.

Nice £1.4m reduction in Opex resulting in the £1m pre-tax profit. Great to see as the Board had stated there were lots of one-off integration costs being borne from the previous insurance acquisitions so great to see these reduce now and the true profitability of the purchases being much clearer.

Revenue a nice £500K step on from organic growth.

Still £5m cash in the bank to put towards the planned M&A. Their first big insurance acquisition was $370m for $3.3m so to get to 2B could cost in the region of $11m. With £5m in cash and a £1m yearly profit to leverage it looks like that could be attainable without significant dilution.

Not surprised the larger long-term holders are adding given the "pre-delisting fire sale" share price and very glad I added a few more earlier in the week. Happy to continue holding and looking forward to the delisting now and on to the next stage in the company's journey.

No NOMAD as this isn't AIM listed.

If you're going to spend your days rubbishing a company at least get the basics right. Otherwise you just come across as a fool.

Its all there in the RNS. You've just got to read them.

Yeah not convinced by that logic. Most PLCs have to have their accounts audited each year, irrespective of whether they are market listed or not. Particularly those who operate in highly regulated finance and life insurance markets.

Yawn

Just to make sure everyone is on the same page re: timelines, as per the company's last RNS:

"In accordance with the Listing Rules, the Company will issue a set of UNAUDITED interim financials covering the 12-month period to 31 December 2024, on or before 31 March 2025."

"Accordingly, the next audited financial statements for the Company will be prepared for the 15-month period ending 31 March 2025 and will be required to be released by 31 July 2025."

So despite what some might be saying there's is no cliff-edge at the end of the month.

Interval fund total returns now at 8.54% since Alpha took over management: https://funds.alphagrowthmgt.com/

Definitely an improvement to how it was performing before.

Of course he does. He’s just trying to talk the share price down.

Boring and convinced no one.

MMs clearly wanted to wait until the spread had moved up enough for it to be flagged as Unknown rather than a Buy :)

Alma - re: BOAGF - they decided last year to move the fund from the Caymans over to an ICAV (Irish Collective Asset-management Vehicle) so as soon as that's completed I expect they'll start marketing it again.

Do you remember when this forum used to be filled with sensible discussion actually about the company rather than one troll's personal vendetta? Anyway....

I hear from the company they're looking to schedule an update call for shareholders once they've appointed a new auditor with better knowledge of the insurance areas the company trades in. Based on what they had to say at the AGM I'd fully recommend as many shareholders as possible make time to dial in as its the best (only) way to hear what's going on straight from the horses mouths.

God loves a trier….

Anyway, none of the significant holders I know are selling. Got to admire Smelly’s dedication to talking this company down.

The resignation letter from the Auditors has been on Companies House since July for anyone who wants to read it.

Definitely not "new news"

Ahh yes. Well spotted petal.