Member Info for Henners007

Anyone else notice all those significant trades at 777p? including one valued at £23m. Anyone else considered the significance of that number in the Far East?

Strongly disagree solomonkane. Since the spin out from "old" Prudential, this is an embryonic business. The statement made yesterday was very transparent, they will make an announcement regarding their "capital management plans by HY 2024 results". A tiny bit of patience required my friend.

Surfie 1961 - your logic is flawed. If you fear for the value of your investment - SELL. if you still have investment faith in an uplift of the share price from hereon in - BUY - if only to reduce your average price to give you a better chance of breaking even. All the good guides on investing advocate this approach. Neither approach guarantees success of course but at least there is some risk mitigation. The risk of "losing" more of your FUM investment, or clawing back some of your, as yet "unrealised loss".

For the record I am long and strong. Average purchase price just under 40p from averaging down.

Mmmm. Semantics perhaps but the U.K. does still have pound notes as legal tender.......................just not across all of the country. I do not understand why.

C'mon MARS give us something to shout about, other than the printing of pound notes!!

Hidden value extremely well hidden!! I am hoping the non release of daily NAVS will spring a surprise come the next quarters release. Management still keen to hoover up shares on the buyback which is encouraging. I have INOV as one of my top tips for 2024 and will keep dripping cash in alongside the buybacks at 45% discount to NAV.

JustChampers - The share price rose yesterday, so any buyers, even if they were aware of the announcement this morning ahead of time, were the wrong side of the barrier. Clearly they were expecting a much more upbeat RNS than we got.

LuckyOrange - apologies. Factual evidence, by RNS dated 25th April 2023 IOF reported EBITDA of $11.5M FOR FULL YEAR 2022. By RNS today they are guiding EBITDA in the range $8.5m to $9m for full year 2024. That represents a fall in EBITDA of between 22% and 26% over 2 years. That is not clever.

While I will give them credit for being up front with this material impact on profitability now, it does mean, that as shareholders we are highly unlikely (under business as usual) to see anything exciting happen here for another couple of years.

I am a long term shareholder and in profit so simply posting an over view of tanya's announcement.

Yes the RNS did contain the expected positive soundbites, but a deeper delve into comparisons is not that promising for the next 12 months.

Today’s RNS operational update is in fact a profit warning. Always “jam tomorrow” with IOF

Buffaloben - the answer to your request for"FUM's % cut per unit sold" has already been disclosed by FUM through a previous RNS

Fromage - Jersey is NOT "the UK offshore tax haven". Would be most happy to demonstrate this off line if required through legal argument.

Mr lofer - although sp movement has been pedestrian at best (smiley face), I do not concur with your assessment of Baller. He has been adding to his shareholding at higher prices than we are today, and Premier Miton Group would not have recently hoovered up 5% of all shares in issue if they thought Baller was a chancer. Very slow burn yes, corrupt I do not believe so.

FangKat - "Think today's RNS was quite sort of re-assuring." Really, I do hope you read the small print in the RNS announcement and in Close's own words "These actions will leave us well positioned to withstand a range of scenarios and potential outcomes and are expected to adversely impact the group's operating profit in the next financial year." ARE EXPCETED TO ADVERSELY IMPACT THE GROUP'S OPERATING PROFIT IN THE NEXT FINANCIAL YEAR - Personally, I do not find these words reassuring. While there will be trading opportunities as news is announced the FCA review will be a pall over the Company for a good while yet.

The market cap takes account of the debt.

Kev Row agree wholeheartedly. Mr Market was blind to the intrinsic value within VOD. The Board have now released that value for all to see with non core assets sold off, and for the benefit of shareholders. Good job. Steady climb in share price over next 12 months. Exciting times at last for VOD.

Current dividend secured for financial year ending 31st March 2024. + buybacks = uplift of 23% in money returned to shareholders. Thereafter, dividend halved which at todays share price = c5.5%.

Sale of Spain + Italy = 12bn. Current market cap c20bn. Vodafone have "recovered" 60% of the current market cap from two non core areas of their business AND they state the transactions are expected to be adjusted earnings positive. VOD is well undervalued. E& knew they were buying into a good fortune storey over the next five years.

Very impressive and all has been delivered at speed (relatively for a huge organisation). Whats not to like. I commend the Board.

BUT the FCA review will take longer than 12 months to complete, could be twice, three times that long. The market hates uncertainty. No known or even best estimate outcome at present.

Bignose58 - very slack research sir (smiley face). Look at page 10 of the Haleon announcement (very, very happy smiley face). This will be, as they say, mahoooosive. Genuinely not possible to predict share price in 12 months time.

The buyback is at arms length by the approved broker to avoid conflict of interest. BARC have no input into the timing of the buybacks once formal approval has been given, which of course it has.

Garonne, unlikely to be any quick turnaround. VOD is the proverbial oil tanker. Lets give MdeV the benefit of our doubt for another couple of years and see where we are at the end of 2026. I remain optimistic. Look at the recovery of RR over the last 12 months as to what can happen when our investment is in the right hands.

The FCA review will take longer than 12 months. That is at least 12months of uncertainty regarding the share price. No dividend = continuing descent of share price. The FCA have many levers to pull and thumb screws to use. This will be painful and highly unlikely any outside bidder will show any interest until the outcome is known. Very sad day for an august institution like CBG. While the FCA are doing their stuff, ongoing management attention will be severely distracted by the review. Employee morale falls. Not investable until FCA have completed their investigations. The banking and asset management business may indeed be doing well, but stock market perception is everything. Sad day.