Member Info for Dartron

Glad I took 118p for this. Tempted to get a few, when it dropped but remembered how leaky it was before.

Also remember it is traded on the OTC in America.

Yeah, ridiculous. I think its worse for us holders now that BR have struck a deal with Saba.

Its not a stock, it is an investment trust. I dont know what the fee is, but all investment trusts take a small cut for the management of the underlying portfolio. There is much more that could be said, but it sounds like you are looking for basic answers. The fee is just taken off the holdings at their end, you dont pay anything after owning the stock. Sometimes high fees mean that the trust is very good - i.e. you get what you pay for. BH Macro is eye watering, but they rarely have a down year. I dont worry about fees, as once you onw the trust, you are worried about returns, from share price and dividends.

In short the answer is no as lending is B2B, but watch this as it explains a lot more about the company.

https://youtu.be/KAxNZ5yGhgw?t=309

Great results, and actions from board. Well done guys.

I am eagerly waiting the next one now, to see if the recovery in Nov and Dec can hold, or was it a relief rally after the budget.

Stumpy, 0.8 isnt massive, but I think its quite large for this stock. One site I used to use for shorts provided a metric called 'days to cover' which I think will be quite high here. Watching what is happening over at APH, which received a 40%+ offer, Blackrock do not seem in a hurry to buy back over there, having only reduced a small amount. I suppose this could be a fraction of a percent to their overall strategy, perhaps they are not bothered but buying back is going to move the dial here. It really comes down to liquidity when we talk about shorts, and the lack of that here suggests that the short is looking a little tired out. My comment about Gatemore was that if they bought 0.5% and rushed the price up to £4.50, BR would have no chance of covering under that price, providing further upside for them, though perhaps negating their comments on YOU in general. This what Saba capital did with SMT.

I am wondering that also, but in general economics the news I have followed suggests that the tariffs will not be as bad as first suggested, and further more will be tapered. After that it depends on what he puts tariffs on and whether the products are made in the USA. Don't forget AMS is a global brand, and Peters surgical is a French company. I think they need a good economy in china as well. I imagine they can tell us more in the FY results, and that will tie in well with Trumps inauguration etc.

While I am pleased to hear of further activist activity, It does come across as rather condescending, Gatemore believing that they hold more influence than they do. They currently have 1.3%, why not buy some more and then start puffing their chest out. Especially as the stock is sold so short, they would make a quick profit I think. Much like Saba capital have on other IT's recently.

The Group expects to report Full Year 2024 revenues of approximately £177 million (2023: £126.2 million), EBITDA of £40.0 - £40.5 million (2023: £ 29.7 million) and adjusted Pre-tax profit of £29.2 - 29.7 million (2023: £25.9 million).

Very bullish sounding commentary from Chris Meredith.

Although the stock is up 10% so far today, this is still incredibly cheap based on historic valuation multiples.

Stock just gone to auction, always a good sign of demand probably from shorts closing, hopefully sub £2 days are over.

There must be an office of very clever people at IG who determine odds. I am surprised that they don't allow shorting near the bottom, as more likely for punters to get burnt. Also, more people are long of YOU, so they would be hedging the bet. But look at the post about APH (which they wouldn't allow shorting on) 40% premium offer.

I tried to short YOU around £4.80, but I think it is very low risk/reward at £3.80.

Great quote I heard the other day about bears and bulls remaining stubborn for too long (i.e. not changing sentiment in time save profits, and make money the other way).

Article

https://www.proactiveinvestors.co.uk/companies/news/1054006/nextenergy-vote-to-continue-makes-sense-says-broker-1054006.html

They only just passed a continuation vote in October 2024. As the article says, liquidation probably not palatable right now. If anything, they are already trying to sell assets in this Capital Recycling Programme, and look how that is going.

I totally agree that they need to be seen to be on share holders side, and moving to fees based on share price, or even exploring options for new management would help. I feel that so far, all efforts are just lip service.

Stumpy, Once a short appears on the FCA list, IG wont take the bet short. They claim that they cant borrow the stock, but if I go long, then they dont buy long on the market to hedge it, as Im a small size trader. Seems a bit unsporting.

Blackrock have just lost some profit over at APH. An offer 40%+ for the take over of APH, with Blackrock 0.8% short.

From memory, they did start shorting APH higher up, but still talk about pushing your luck. I think they reduced, then started again around 40p, so have lost over 50% on the position as of yesterday.

APH was such an obvious take over, I was in and out many times. recently forgot all about it. New years resolution - make more notes and follow them better!

https://www.lse.co.uk/rns/APH/recommended-acquisition-of-alliance-pharma-plc-210usw6gvjvlfeg.html

The new BOD took over as the last BOD had the profit warning, and in hindsight had the strategy wrong. Im not sure how involved Nigel Railton is, he is a non exec here, and bear in mind he also chairman of the post office.

Before intermins / profit warning:

· As announced, Nigel Railton (previously Senior Independent Director) was appointed Chair of Argentex on 1 September 2023. Lord Digby Jones stepped down as Chair on 1 September 2023 and will continue as a Non-Executive Director.

After Interims / Profit warning

Argentex Group PLC (AIM: AGFX), the service-led, tech-enabled provider of currency management and payment services to international institutions and corporates, announces that Harry Adams, Chief Executive Officer, has left the Company with immediate effect.

Jim Ormonde, has been appointed to act as Chief Executive Officer on an interim basis.

Towerbrook were a bidder for EQLS. I remember watching Leon Boros interview, who stated he had sold EQLS because he knew Towerbrook (might have worked there?) but he said they would not pay up for anything, so he sold in the market.

I didnt follow EQLS but I think Towerbrook bought EQLS as part of a consortium in the end. So reply to post below, if they wanted it both bidders could have both bought a piece. As the offer was effectively a delisting for £1.25.

I think price would be back in the 5 day Vwap today. I just use a day average on trading view and set it to 5, it is 107 currently.

ifsix - a bugbear of mine too. think of the money you could make if you read this media outlet that knows about every take over before it happens. That said I follow @MarkKleinmanSky who has broke a few take over stories before the market has. Dont think he reported on TIG.

Surprised the price is back so low, if you could trust these guys then there is nothing to worry about. I guess that is the problem.

Oh, an improved offer would have to be reported so its not that.

There was a trade of 592941 shares at 382 this morning (£2.2M), marked as a transfer. That could be stock being returned in these situations. It was mid price at the time, though as a transfer price is less relevant.

I bought another 1/3 position off the back of that. I now have 2/3. Will wait until I see a profit now before buying final 1/3.

From a TA perspective, I did fancy a double bottom at 378.

Ridiculous takeover price burgess. Looking at the shareholder register, no insider in YOUGOV holds significant shares to say yes or no to an offer. On the other hand, institutions own around 35%. Many of who will gladly take £6 per share for an exit. These funds have needs for cash arising from redemptions, and perhaps better opportunities elsewhere. I think there would be little opposition to a low ball offer here. I would speculate further that the founders would be happy to sell the rest of their shares etc (they are already multi millionaires). I mentioned the TIG deal, that actually let share holders remain invested, but unlisted. So if an insider wanted shares, they could still have them. Being unlisted would save on AIM admin, and frankly having to answer to pesky shareholders. Allow PE to ride out the down turn and break it up, or re list it after a good asset stripping.

The fact they bought CPS GfK in an all-cash transaction for a headline purchase price of 315 million and the total mcap is now only 440M is exactly why this will get snapped up (obviously there is debt as well). I think the mistake PI's make is that they assume a fair price will be paid. That isnt going to happen here as there isnt anyone aligned with share holders interests. If BOD get job offers, shares in new owner etc, they will sell you out without a second thought.

At £6 offer, someone buying today could stand to make 50% return, so I would vote yes.

Before you start, im not interested in 3 years time, that kind of thinking rarely works out.

One other point, reading this back, if they miss guidance again, they could end up like Capita, and need to start selling all the goodies off themselves, meanwhile being perpetually shorted as a penny stock - it could happen. Id rather get a quick exit.