Member Info for HarryCaul

Spotted yesterday

MasterCard Inc on Tuesday agreed to acquire stablecoin infrastructure provider BVNK for up to USD1.8 billion, as the payments giant deepens its push into blockchain-based digital assets.

N/T is not a deal between MMs /Nomads or the company.

Several reasons.

It's in a Volatility auction.

Secondly, when a stock is in huge demand, the MMs are not going to sit there a sell you as many as you want, as cheaply as you want ( unless it suits to do so).

Aside from the NMS Size they're up in, there's no obligation to offer the stock - especially if they're not on the offer.

The MMs will effectively be Bid only as they try to find stock to sell, or get the price to a level where they can create two way traffic.

You have to remember that the MMs make their money by jobbing the stock , taking a turn as they go. Volume is their friend.

So to say they don't want to do anything is B*locks.

They just don't want to lose money, writing you lot cheques.

Simples.

Caledonia Portfolio Realisations.

Whatever happened to the Duke Guy?

Sorry to hear today's news - sh*t show.

You couldn't make it up - profit warning at Castings.

Loss making.

Circa £700k in the bank.

BTW folks I noticed Kevin Price jumped ship straight away to become CEO of a company called Kingfisher Industrial.

Why the feck would anyone let him near a business?

Sorry Jerry, only just spotted your post.

Where do you think all the money went? RDC was clearly ( on a stand alone basis) doing alright for itself.

Walsall, however wasn't doing much at all from customers of the business have told me since the event. Mainly it seems, from the perspective of buying raw materials to actually complete jobs.

Did they really just plough through the placing cash in wages?

I seem to remember payments to the pension fund too.

Increasingly there seems to be little accountability for these kind of situations.

Regarding Mr Black, I suspect he'd rather keep the position. However, he recently took a huge hit in Chamberlin of which he had a substantial percentage stake. It maybe therefore that there's an element of forced selling involved, though I cannot verify that - an educated guess.

6.9 billion shares in issue now is an issue. At some point perhaps the dreaded consolidation will rear it's ugly head.

The First Equity punter has just had a major wipe out in CMH. L so just maybe that affects his Car position.

There are no certainties in any situation, but so far he's been actively reducing his stake.

Let me know what your Crystal ball is telling you.

From the previous RNS First Equity have been working their seller Black up on steady volume. Schroders has on the flip side increased his holding at the same time.

Perhaps he keeps the 6% or maybe he doesn't., it has however been a text book worked order.

Fingers crossed the momentum stays positive.

GLA

He's nearly done.

If the figs due are OK, these should re - rate.

Let's hope so.

But, bumbling along with the same old, where ' industry hotshots' come and go with a placing or two, isn't doing long suffering shareholders any favours.

This is exactly why the smaller company market has collapsed. The same formula over and over. Promise the earth, spin a story, sit tight drawing salary as long as possible, have a placing, top up the coffers, go again.

The thing is, £400K gross, is barely going to cover anything meaningful is it. More than likely, it will pay some wage bills, a bit of Tea, Coffee and hobnobs, and some fuel for the Diesel Dumper Truck.

If it was viable, surely it would have been snapped up by a proper outfit.

Exactly.

Rinse and repeat.

Same old.

Up they go.

Absolutely disgraceful.

Sold for less than a years RDC profit.

Funny as well that James Greaves who is joint MD at Castings was formerly operations Director for 10 years at RDC. Clearly knows the business inside out.

Absolute sh*t show from start to finish.

Surely must look attractive to some of the larger industrial players?

Just a few shares for the Bod.

Wow