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News will be catalyst here - access to £200M funds or placing at 5p or better and it could open much higher IMHO

I think we just need a little patience for them to sort it - I re-read Hardman 11 page research note out fromJan 2020 and though the world has changed it gave me renewed confidence in the safety margin provided to me at this level and I guess HSBC feels the same too.

https://www.hardmanandco.com/wp-content/uploads/2020/01/NSF-Sunshine-after-the-rain-17-January-2020.pdf

On 3 jan Insurance tycoon Neil Utley took his stake in NSF to 3%. Since then he has been adding - moving to 7% on 23rd March as stock market hit low. (13-15p day range)

Utley made much of his fortune reviving car insurer Hastings Group, leading a management buyout in 2009 and chairing it until it floated in 2015.

I wonder ? He obviously thought there was value much higher ...

Who took the rest of Aberforth Partners Shares 17%?

HSBC took 6.5% who else

Still waiting for what appears to be waiting RNS’S for me - I want to know where all that additional volume went after that manic Wednesday when positions changed -
Surely you don’t get 50M and 30M volumes without some II buyers ? GLA

Even when price dropped really difficult to buy without paying 5% premium or so -

Time flys - Alchemy only has 40 days until there 40p drops out of the 12m window. Though I’m obviously hopeful with HSBC they may simply be reading the lines for a quick return? Surely Alchemy will be looking over their shoulder in case somebody else grabs it cheap? Or perhaps others are working on it before Alchemy gets to that date....pure guesswork GLA

30th Aug trade high 40p - date of 19.25% taken Alchemy
18 Dec trade high 21.44 - increase to 29.95%

Still awaiting that next RNS holding - can’t believe the rest of the share churn was only Traders ...really?

Another 10% traded today - massive - Quite rare for me to have a 30% rise on a main market share plus closing at days high- wonder what’s coming down the track ? GLA

200M traded Wed. HSBC announced. 20M taken
50M thur ?
15M Fri

Jumped to 30M today ?

Excellent volume -

I wonder if HSBC want a sub Prime UK lender? Just a thought - incredible value at the moment IMHO

Excellent news

Good point - from what I understand it’s to grow the business not to keep the lights on - which is a major difference - they appear to see the opportunity of more individuals being declined by the major banks as they tighten the lending criteria therefore growing their pool of opportunity - but they need additional capital buffers for that.

No obviously not - however as you very well know if investors are sounded out about further support they will be understand at what level that may be proposed - the company has already RNS such on going discussions have they not -We see week after week companies where share prices crater days before the announcement of new raises - amazingly - so what is the reason for these share price reductions? Fortunately this share is on the main market rather than AIM but never the less I would be surprised if you have not been caught by this practice yourself if a regular trader. I have and it’s frustrating. But we shall see won’t we...

Don’t think anyone said specifically a raise would be below 5p - the share price was 12p just 4 weeks ago!...plenty of time to be sounding out investors..of course though once big sells go through the price reduction causes all sorts of stops to be managed hence cratering well below 5p before the management update. We will know soon enough IMHO.

The problem is we simply do not know - until the RNS lands - then we can speculate if not too late! I just had a look at Provident again- would it not be funny if they took NSF out... thereby growing there business in a challenging period- I think people forget how cheap this is today - Provident market cap is 427 million at nearly year lows. NSF is 15 million

But anyone can speculate- all we know for sure is someone sold a lot and others bought a lot - it could be of course just forward selling to fund the raise as speculated here before - that’s also makes sense - if it is I still think this will recover well once the funds are in the pocket - DYOR I love weekends don’t you!

Hi Big smoke

Just like metro hey - distressed but I feel there is money to be made here just like Metro with patience, and unlike Metro we already have a 29.9% holder who may well take it private at these levels. GL

And the positive is I can’t see a placing either personally, and you would be correct about any mutual agreement but a hostile could come any time as in any business...just a knock at the door...GLA.

Results as expected - forward looking statements looking strong.

https://www.londonstockexchange.com/news-article/VRE/final-results/14578560

We knew the RNS would guide the way......now who are they friends with. it just shows how fast the price will rise if accumulation starts again.

Thanks JB spot on - teaches me to rush checking when out this morning - though HL who I use still have the old number of shares in place rather than the new % which is Correctly on the RNS - Doh

Interesting - I wonder who has picked up the 8% from the Whelans? Would suit me if it was HTC - but another II would do fine....

Approx 19 M shares - valuation roughly around the 4M mark - don’t personally see this as private investors - but we shall see

Spot my deliberate mistake on the day error!