Member Info for Dartron

ITs got a bit ahead of its own NAV, NAV £2.65, Share price £2.75. I dont see why it deserves to be on a premium.

Having a poke about over at PHI and the Ballie Gifford website, It strikes me that it was a bit cheeky having JSE in the fund in the fist place. Yes the company operates in the said geographic area, but its listed on London, and hence doesn't really provide the diversification or valuation that you might expect from Asian listed equities. I wonder if this is as much the rational for selling it. Although a large chunk of JSE, the holding was only 0.6% of PHI at last disclosure- some 17.9M shares.

Also strikes me that they are running a buy back on a daily basis, so will need to fund this somehow.

Also strikes me that they have CLIG on the register at 16%, who are known (but rarely spoken of) as activists. PHI might just have to do something to close their own discount, which is over 10%. It might seem perverse to JSE holders, but PHI can realise a 10% gain selling JSE and buying their own shares.

TBH, if I was looking for a fund that had Asian exposure I would see the JSE holding as a negative due to the listing and valuation it can achieve on AIM. Those guys should stick to their TMSC, Samsung and Bytedance.

Still big trades going through. I think it may drop below 90p - judging from the chart. Im saving my last top up for around 88p.

Wonder why the buy back has stopped, not that it was very effective.

It still remains to be seen, but some of the best recovery stocks feature changes of the board.

Thats a new CEO, and soon to be new CFO.

Nice rise today, showing 7.5M volume. Even if 2.25 cannot hold, it shows there is serious interest around 215p. If price retraces back to that level, I would add more as the buying today demonstrates this is the valuation at which buyers step in. If it goes off on a tear, I already have quite a few!

I doubt dividend max is up to date with events here, its been a long time since I used that site.

I was re-reading my investors chronical from early august, before the deal, where they recommend PHP it says:

Assuming the deal goes through, the next step will be to reduce the LTV from 55% to 50%. Management hope to achieve this by joint ventures and disposals - and reports strong interest...... would allow for refinancing of assura's shorter term debt. I wont quote the metrics as I think they are prior to the take over.

It could even be that the CMA also wants these disposals, but the fact is; that it was always part of the planned takeover.

The broker Panmure reckons the valuation doesnt fully price in the improving market backdrop and government support going forward and assura deal upside (that was at 96p).

Im hoping they run another article soon to explain the details post merger.

I think there is an easy 10% to be made here as this stock should be trading over £1 - although its a long term hold for me. My largest holding, all bought since the merger.

Listened to the investor meet last night - what a relaxed guy the CEO is with a very soothing voice. Im invested here, and will be adding more - liking the CEO can go a long way when deciding to invest. Sorry for off topic.

Stas those shorts probably covered in the placing. Good job management got it sorted quickly.

Its drawn a head and shoulders! Im feeling quite uncomfortable.

New here today, put in a decent chunk. Liked the dividend yield, buy back & JPM's bullish note and price target. Value will out - it always does.

We also have a golden cross on the daily and what looks like an early stage 2 uptrend.

From a bit of digging, it is held in:

Aegon Ethical Equity Fund.

Aegon AM UK Sustainable Opportunities

AEGON International UK Smaller Companies

Maybe the selling is not due to leaving AIM - they do not offer an AIM IHT fund directly. Perhaps they wont sell out completely if it is owned across a few funds. I would say they are responsible for some of the weakness. My advice would be to filter Avocet, I doubt they even read these boards. If you look at the posting history, it looks more like Bot posting, as the same things are posted to multiple shares. Dont waste your time on their postings.

It doesnt say a lot then goes in to a paywall. Not worth the bother IMO. Its down to moving from AIM, what more needs to be said.

Citadel Advisors LLC up another 0.11% declared today. I have dumped as many as I could, and will not be buying until we start to see a significant reduction in shorts. Pretty simple stuff.

Sold my CYN near the close, made 10% in a week. Hope gold has put in a top now, if it retraces a bit, ill buy them back. The shares are trading 10p above the NAV currently. If im wrong, ill just buy more fixed income which is cheap currently.

Its down to a lack of liquidity. I doubt there are many buyers, so short sellers can just take down the offer, probably churning over some of the stock they bought yesterday. Its very tiresome, but also a great chance to load up. If the debt was lower on the balance sheet, I think there would be more chance of a take over. The interims were good, but we need to see Q3 update to really see what's happening. If there is a seller (lets say a fund is a forced seller) then Saba will just keep dropping the bid as there are no other buyers. There could be 1M shares to sell, which is about what they need from memory. Dont take the short personally or aimed at the company, its just money exiting the uk market, and Saba got there first. I am also holding PVR, which is another Saba short, a rival has increased up to 21% of the company, and still they are not trying to close. The Saba business model probably includes pushing your luck a bit, as you can afford the consequences if it goes wrong. Whole market is very tiresome right now...

My strategy here would be to keep adding small amounts at good prices. Hopefully once the debt is reduced, they can either run a buy back or get a bid.

Previous disclosure

https://www.lse.co.uk/rns/GBG/notification-of-major-holdings-9jt9kd917en0sj2.html

Latest disclosure

https://www.lse.co.uk/rns/GBG/notification-of-major-holdings-cfgtoz0o3bj5jd0.html

I was lucky enough to CYN at £2.50 only last week, its up 6%.

Im sure they thought this through before the offer. Frankly, im surprised at the weakness here.

Ride on time.. ST tips AIRE

https://www.investorschronicle.co.uk/content/6e5315fa-130b-4501-a371-3b72f1bdddf7

However, the £5mn (6.2p) annual cost of the current dividend will no longer be fully covered until future rent increases make up the shortfall, hence why the board has reset the minimum dividend target to £4.5mn (5.6p) for the year ending 20 June 2026. On this basis, the shares still offer an attractive prospective dividend yield of 8.8 per cent, the highest yield among 22 UK property companies covered by brokerage Panmure Liberum.

ECEL are 90% exposed to the DIY/home improvement market, rather than house building. I would say the outlook for that sector is quite bleak.

I still hold here, I missed out on the Epwin takeover due to those same concerns.

First time I have looked at ASX announcements.

I see CAPD sold 2,921,402 shares, but if look closely at box 3, it appears they were sold in February at what calculates to 0.16 AUD, which is half the price today.

https://wcsecure.weblink.com.au/pdf/WIA/02987649.pdf

Is it right that Jamie Boyton has his own investment vehicle as well trading the same stock?

https://wcsecure.weblink.com.au/pdf/WIA/02988221.pdf