Member Info for FFObsessed

"Under the terms of the Acquisition, ScS Shareholders will be entitled to receive:

280 pence for each ScS Share (the "Transaction Value").

· The Transaction Value comprises for each ScS Share at the relevant record date:

270 pence in cash (the "Cash Consideration")

and

a final dividend of 10 pence for the year ended 29 July 2023 which is not conditional on the Acquisition becoming effective (the "Permitted Dividend").

The Transaction Value values ScS's entire issued and to be issued share capital at approximately £99,387,946 on a fully diluted basis."

Considering we have £70+ million in net cash. Selling the entire business for £20 million is pretty pitiful if you ask me. Although maybe I'm just bitter I didn't buy more shares when I knew it was a bargain.

I'd take £6 in a heartbeat, otherwise I'm happy to hold long-term for the dividends. Not interested in selling on this tiny bump on a rumour.

Don't get why someone would keep buying big only in the last 10 minutes of the day...?

Alibaba, my biggest holding 🤡🥁

Let's hope so Buffaloben. Hope you make all your money back and then some. My portfolio is no better. Mostly insurers and I really don't know what's happening with them at the moment. Hilariously, THG is my best investment. Think it's time I give up on investing as I clearly have no idea what I'm doing lol

If directors are buying I'm gonna top up my small position. If they can even just maintain the dividend and 0% share growth, 10% dividend is a doubling every 7 years. Perfect for my sipp 👍

I've just topped up as we are approaching my average now. Ready for the plummet to the earth's core. How does one man make such consistently poor financial decisions you might ask?

Practice my dear friends, practice.

And most importantly of all.... never learn.

I wouldn't touch this until under 60p.

*Buys at 72p*

Worlds greatest trader everyone. I am constantly in awe. What an absolute specimen 👏👏👏👏

Bring on a giant drop tomorrow. I'm ready with cash, looking to double my position.

HeresHopin, I hope you walk around with a wheelbarrow to carry those giant balls. Wouldn't want you to do your back in.

This is a small position for me. Only started buying fairly recently. I have 33,500 shares at 42p average. Gonna look to slowly increase to 50,000 which at the current price would bring me down to 39p.

Other positions are THG. ~55,000 shares at 69p.

ASOS 591 (lol) shares at £3.40. Id like to increase but I'm loathed to add above my average. Silly I know but I'm cheap.

I also have a stupidly large holding in Alibaba but the less said about that the better. We'll pretend that doesn't exist so I can pretend I know what I'm doing.

Hello darkness my old friend....

22p any day now guys...

Think I'm going to start buying now. THG was the most unloved retailer in the UK stock market and I've done really well on that. Boohoo seems to be the new contender for that title.

And looking at Boohoo, although fast fashion isn't a great industry to be in Boohoos balance sheet looks solid.

Net cash position. (Very small, might be in debt by now)

£30m (?) FCF last year. Cash generative.

Around net asset value.

Can it still drop? Of course. Things can always get cheaper in a negative environment. Hell, hopefully it does and I can get an average around 30p. Could easily triple from there after a few years hold.

Just opened a very small position in Persimmon and I'm planning to keep buying if it continues to drop. Definitely a long term bargain. Lucky buggers getting a further 20% discount though damn.

I've missed these random -%10 drops. Oh sweet nostalgia 😌🤌

I actually just checked and bought 3077 shares at 32.498 on 10th October. However, I was probably in the foetal position shaking uncontrollably at the time, hence the very small buy.

Pour one out for my buddy wildtiger

Well, I said high inflation rather than hyper inflation. Hyper inflation is a different story, that's defined as 50% MONTHLY inflation. In a scenario like that it won't matter what we own, we'd be screwed! There's benefits to having a liquid balance sheet and there's benefits to having large land bank. Depends on what economic scenario will play out. I agree balance is the key and a lot of these housebuilders have both.and have been very well run since 2009. Personally I have a very small holding in Barrett and Taylor Wimpey, which by some miracle is still in the green even without dividends. I'm going to start buying Persimmon and Bellway soon and just average down in small amounts.