Member Info for devonplay

What have you been up to Pearls? All these new ARB converts to SGI don't sound that happy!

Guys, calm down and settle into years of waiting for SGI to turn it's self around. Chill LOL

Much speculation that we are going to get chance in the public float requirement today. Move from 25% to15%.
Also some suggestion that it's going to be limited in London to a period of 5 years, New York it doesn't have a period limitation. As far as I understand it.
What about if it's not just IPO's, but can be applied to all-lists, future and current?
I could see the owners of SGI taking advantage of that, reducing the public float, it's already quite illiquid, as our unofficial " Greeter" :) pointed out the other day, he/she couldn't BUY, which I guess implies others couldn't SELL. Either way, the 70% controlled by a small number of holders means it's got a very limited public float anyway. I've always wondered why they don't just go private, but if you can hold 85% and still be "public" why would you want to.
As a long term investor in CLDN, you get to understand the limitation of having a major block holding the stock and how it can depress the share price for decades. It increases stability, in most cases, but keeps a limit of the price action unless you are a mega growth tech stock. Which of course SGI isn't. It's a fallen angel, that's at the very early stages of recovery. It's a very very big question if it was ever worth anything close to it's all time price (and the hype that surrounded). For now, firmly in the bottom draw, check it every year and see if it still breathing gang.

A deluge of biblical proportions......hahaha.
It just gets better every day LOL I used to check the Calvin & Hobbes twitter feed for a morning chuckle, I come here instead now.
I wonder if SGI will add it's new "Greeter" to it's intangibles? :)

"prime British asset " LOL I love this thread, you mean like one of our too-big-to-fail banks or Glaxo, which I think you believe is a "dog", or one of our great AI companies, that kind of prime asset. I wonder if they'll get mentioned in the budget for special treatment? HMG looks to re-start the City by changing the IPO rules and wants to make up the hobbyist centre of the globe hahaha - Honestly. It's a laugh a minute. Glaxo a "dog", SGI a prime British asset LOL hahahaha - thanks for the giggle.

I doubt it, I suspect Phoenix are happy to let the debt play out and care very little about the share prices. They/Board don't make any great effort to market the business in way to drive the share price or interest of private shareholders. It's too early by many years for them to consider a trade sale. There's not anything that's going to attract an institutional investor in terms of growth. It's at best a recovery play....at a very early stage as the Board has said itself, that's not attractive place to sell, you want to sell at the point it's gone ex-recovery. It's just not in a dynamic sector and too small to attract another PE recovery player. I'm afraid it's going to be a very long slog. That's no great problem for them, but don't expect much from the share price for long time. Recovery players think in term multiple, sell any time soon and they'd be well under water. It's a bottom drawer...5 years.

On a serious note, any of you high frequency trades out there who've "inundated" :) SGI ever used the QuantData library in R? I've been trying to get to grips with it via the cli. Is it a lot easier if you use a gui like RStudio? I'm on Debian/OSX. I've really had no luck with it. I've tried everything. I'm told it's works well with Groovy Gorrilla and RStudio, maaybe that would be an easier route.

"Come on Devon, how are ARB supposed to compete"
- they can't,the comedic farcical claims on this thread would give Joe Orton a run for his money. Poor ARB will never compete. You should stick around. There's always some nonsense to make you laugh. LOL

inundating SGI LOL

No they just said it's an over leveraged company with declining sales and too small to worry about.
- It's core clients are ageing and they haven't managed to attract new clients in a period when, by your own word, it was perfect for them to do that.
They did ask " if it's being manipulated why the hell does Pearls keep banging on about it to poor folk on other threads?"
Maybe the most logical answer is so Pearls can dump his/her own stock.........

Lol almost as suspect as your suggestion of manipulation, smells more like desperation hahaha

Going to QAnon now for some genuine answers.......can they help with delusional posters then? LOL

"Devon, I reckon it's you buying some of these shares."
- now you know that's nonsense.
-- why would I want to hold a "manipulated" share hahahaha

- not to forget that according to Pearls, it's a highly manipulated share that someone appears to have been pumping across several rooms.
Best avoided if that's true, I mean who would pump a share that's being manipulated????

Wow, 12m buyers and as ever the share price goes.....nowhere!
The 12m that managed who sold thank you for providing the liquidity that Pears was saying didn't exit just a week ago :)
Enjoy your long exposure to rambling nonsense, a share price glued down and Pearls ever hopeful, but rarely accurate posts.
- we salute you for allowing that enormous amount of sellers out, we've inundated with them.

"All seems very desperate." LOL

Interesting update from Downing this morning. I see they've also reduced their holding in Duke.
2 points on their update relating to Duke:
Outlook '21; Much improved underlying performance and visibility. - but they've sold or taken profits.
On the holdings, the majority appear to have insider buying. Duke's Directors aren't listed as buyers of their own stock. (I'm going to look through the RNS for the last time they did).
I have the Micro Trust on my watch list, but I expect there to be more weakness, maybe forced selling, before I'd be interested in pushing a button. The same applies to Duke.
My interest in the moment is developing further the fixed interest/income element of my portfolio.

You'd have to agree that if these are being manipulated they are best avoided?
I think Pearls maybe onto something here,....... at last!
Best avoided like Pearls suggests.

Lets face facts, there's very little to get excited about. As I've said over and over again, it's on a very very long road to recovery. Even the company has commented on the uncertain future of the business. They recognise they are only in the foot hills, so maybe I'm more realistic about the prospects. I don't feel the need to see the share price move up and I'd be happy to see it recover over the next 5 to 10 years. I would argue that's a more realistic view than expecting "some of ARB would rub off on this stock". Really, if you are expecting turn around from recovery stocks overnight, you really are barking up the wrong tree.

"It is a very small company" at least that we can agree on, but I think you'd be more accurate to say " a loss making very small company, with a lot of debt, in a slow growth sector"
Oh yeah, with poor liquidity; "it is more or less impossible to buy shares in SGI" to quote you.

" but most of the remaining 40% are with the market makers at this level, so there would be a lot of liquidity, surely?"
Obviously not, because you said there wasn't earlier. To quote you "It is more or less impossible to buy shares in SGI"
That suggests you agree with me, until you don't....
"now with the UK opening up again in a month's time" but you've spent a year telling us how the lock-down was a great benefit for SGI, so now the UK is, as you say, opening up, this must be the moment to take any profits and dump the stock!
Makes sense on all the arguments you've put forward for most of last year. No? Do we need to find quotes ? You thought lock-down was going to be the time when SGI would thrived? So the lack of it must make them less attractive....
Lets face it, if there was a break out of the black death, the horsemen of the Apocalypse were seen trotting down Regent Street and it was raining blood, you'd still be encouraging others to buy SGI ...so you could get out.