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Flying piers? Crikey, I hope they don't smash into the Punch n Judy kiosk. Carnage.

They never said share price would EVER go up 😀

Fixed for you 👍

Reading much lower down the RNS, it's noteworthy that beneath all the Board's frothy enthusiasm, they have only secured their own agreement plus a few relatively minor institutional holders like Cannacord.

Doesn't reflect well on them at all.

Surely a managed wind-down would yield a MUCH greater return for shareholders?

I think the Board is massively letting us down with this meek acceptance of the first offer they get.

Yep. Great pity in my opinion as AUGM offers unique exposure to growing Fintechs.

How are folk on here responding? Selling today for a slightly below par 109p? Holding out for the 111p or the possibility of a rival offer?

Https://www.londonstockexchange.com/news-article/FGEN/net-asset-value-and-dividend-announcement/17475248

Can't see the RNS on here for some reason.

Have only had a dabble here since OakBloke recommended it a week or so ago, so never heard of him 🙂

Is he the one who puts all the timetables into Lotus-123 or someone less critical?

Anyone with no room to add on weakness is already over invested, especially in these volatile smallcaps?

February, not necessarily this one though. I can't stand this interminable waiting, drip, drip, somebody DO SOMETHING!

Patience is a virtue, as well as an opera.

I think the gold price is presenting a terrific opportunity for producers for the foreseeable future. I can't see it going back below $5,000 any time soon. I can see $5.5k again before then.

From CNBC just now:

U.S. gold futures for April delivery were up 2.7% at $5,219.

“There’re a lot of economic and political problems around the world, and with markets quieter during the Lunar New Year, our expectation is that gold prices could rise sharply this week once activity picks up,” said CPM Group managing partner Jeffrey Christian.

Trump on Monday renewed his criticism of the Supreme Court’s ruling against his tariff plan, after announcing on Saturday that he would raise a temporary tariff on all U.S. imports from 10% to 15%, the maximum allowed by law.

Mainland China, a major gold consumer, remained closed for the Lunar New Year holiday and will reopen on Tuesday.

“In a longer-term view over the next several quarters, we think the gold price will continue to rise and probably set new records,” Christian said.

His analyses are always balanced and considered. My favourite blogger and analyst by a country mile. Well worth the free subscription 😉

RGL reported its 4Q25 results this week, and the share dropped to 98p briefly. A cut in dividend to 8p was mainly to blame, as harrumphers sold the share. I was happy to take shares off such people at that cut price. The dividend cut was to speed up the refurbishment of properties to get them tarted up faster. Great idea, and I can live with 8% yield not 10%.

It ended the week at 103p so an easy 5% gain already. Harrumphers original bearish theme was the LTV ratio was too high and would breach covenants (at >70%) yet the LTV was confirmed to be below 40% LTV post period, and a refinance of debt kicks the can 3 years down the road. Gross debt reduced to £266.2m vs £316.7m a year ago, and the aim is to get to around £210m gross debt by the end of 2026 (by £50m more realisations) but also to accelerate the refurbishment programme.

The ERV to portfolio ratio grew from 13.36% to 13.86% so a 0.5% increase to the portfolio’s theoretical yield. That’s impressive, and when you then consider new lettings were on average 3.9% above ERV (estimated rental value) then that gets you to a theoretical 14.4% actual ERV. Getting to that ERV involves tarting up. Simple really.

Once you add in future capital gains to the portfolio you can’t help but think an over 50% discount is the wrong price. Especially as we see a recovering regional market. A “tight” market in key UK cities for A grade space actually. There’s virtually no new office supply being built and reductions through conversion of offices to residential actually (e.g. Watkins Jones in Leeds City Centre)

From IMC AI Summary, check RNS for full info, it was an afternoon job by on Fri so I completely missed it.

Monthly Factsheet- January 2026

Summary

Total gross assets £117.7m, NAV 98.33p, mid-market price 81.00p (17.62% discount), net gearing 14.10% and gross/commitment leverage 115%;

NAV +42.8% in January and +82.5% over 12 months.

Rally driven by U3O8 spot up 22% to $99/lb, Sprott Physical Uranium Trust purchases and funding activation, US policy/support (US$2.7bn for enrichment) and corporate nuclear demand (Meta), with NexGen and Paladin notable contributors;

key risks are market volatility, leverage, persistent NAV discount and potential dilution from the Subscription Right exercise at 37.20p expected 30 April 2026.

Gold back to $5,100 and Canadian SP up 6% to 86p this evening. So UK SP should be up 3% accordingly on Monday morning.

Splendid.

Yeah all things considered I think the results were OK. The new 8p dividend looks really sensible but that's not stopped some (presumably) income seekers selling out at a quid. More Motley Fool them.

A yield of 8% plus cash for accretive refurbs indicates that this is now a well run portfolio but I think previous disappointments are still pretty sticky.

Don't forget the Magnolia Coast results 🐭

The Oak Bloke agrees, here's his deep dive and recommendation, if you can call it that, he's not your usual tipster.

https://theoakbloke.substack.com/p/trainline-ticker-lontrn

Check out his other 2026 ideas too, I'm doing really well on them.

UTs are irrelevant to normal daytime trading prices. Pay no heed to them, completely meaningless.

https://www.google.com/search?q=meaning+of+uncrossed+trades&oq=meaning+of+uncrossed+trades&gs_lcrp=EgZjaHJvbWUyBggAEEUYOTIHCAEQIRigATIHCAIQIRifBTIHCAMQIRifBTIHCAQQIRifBdIBCTEzMTUxajBqNKgCAbACAQ&client=ms-android-honor&sourceid=chrome-mobile&ie=UTF-8

Time is passing, we're now in the second half of Q1. So possibly 2 big announcements in the next 6 weeks?

Yep, it can take a dummy trade or two to ascertain the ACTUAL spread. It can look to be 3-4p but in reality be around 1p.

If you keep an eye on the 🇬🇧 SP, the 🇨🇦 SP and the live gold price, from 8am until 9.30pm, THX is delightfully easy to trade.

Despite the misleading gold stories on CNBC and elsewhere. Today's blames unregulated Chinese speculators for price volatility, no mention of the Chicago gangsta fraud that is Comex.

I bought another £1k at 9.15pm on the Canadian market at 8% down on the day. Happy to average up really gradually. It's like having a late-night shop down your street 🇨🇦👍😁