Member Info for Guvvi

Zanmante - yep looks that way

I love that we might end up with 350 odd acres of land overlooking the pacific. That’s one random reward depending on GS!

Loads to like in this, let’s hope the market agrees somewhat.

I've sent some question in this morning but happy to try and ask this for you on the day?

Sharepad is telling me his holding is now an ' ex-holding '? He has a 0% interest in shares. I mean it could be wrong but...

Anyone know why EN disposing of his entire stake shouldn't trigger an RNS? I've not seen one recently?

Bismarck i'm in exactly the same position, makes me very sad. That said Humm is the only business that has somehow managed to ruin itself - everything else i have is up.

Agree bismarck. The divis I’ll get if they do though although the other bits might be harder to come by.

Equally I didn’t always get divis as once upon the time the situation was just like humm! Ha

I own a large stake in the company I work for and can’t sell any shares ever unless there is a takeover. Liquidity comes second to real long term value for me.

Yeah I’m in no rush at all and if you’re thinking about almost writing it off at 2p I can’t see why you wouldn’t.

Is anyone prepared to hold if it goes private ?

All things being equal would people rather this could be bought at 10p or 25p though? I agree it's been quiet recently but in that time the business has done well and we all know this.

Only thing likely to come out of the blue is me one day making a decent profit here.

FYI those sells today are buys and they're mine. Weirdly the actual offer is so close to the bid that they show up as sells!

I still haven't got it... :(

I haven’t got it yet and I’m with HL

It might yes or maybe more and more people will see that it's not now just LS that could be a game changer. It could easily be Ideon/Luca. Hard to say what will eventually persuade a few people to part with a relatively small amount of money.

I suspect you're right Davey but that's also highly advantageous to us. i remember the one day a few years ago where MAFL doubled in a few hours and was right back where it started a week later !

It won't take a lot of buying for the price to go up a lot. I'd guess if £30k got spent buying Mafl stock it would be up 25% from here. But until that happens its no good blaming the MM or anyone - they're only making a market.

Rider... This business now has a lot of cases progressing ( dozens and dozens ). Some are co-funded with fund money ( lcm always has some direct investment ). Third parties don't exactly take a ' high % ', they take a good return from them but it's capped and LCM get great performance fees above the cap for free - they're fees for performance nothing else. Hence LCM can invest say 2m in a case and get 14m back without it going on for 10 years.

When it comes to today's ' high price ' as Gallmat says the nav is conservative anyway so is today's price high? relative to what? last week? last year? The price today is still cheap given the money invested over a more and more diverse base of cases. The price isn't far above where management paid for millions of pounds worth of shares a couple of years ago.

So the business is cheap at today's price unless you believe the management and staff suddenly became totally inept overnight or something. It's not even a hard business to understand. The law is the law you don't need a view on product sales or demand or anything. The company has terms for lending money and it's based on a case assessment and the laws that will apply. They lose very few cases and have been like this for a very long time.

You're right about the view but with the fund the way it is the risks are minimised so much. We might risk 1.5m rather than the whole sum ourselves and still get huge returns. Bonkers really.

And they are funding so many cases, its so diverse. Its bound to grow as they get comfortable with clients/funds/jurisdictions and they're looking for new types of all 3 right now too including the US market.

You can see why the directors/chairman piled so much money into buying shares here at 105p ish so long ago. I think shortly it'll be far above where it is today.