Member Info for iambobg

I only hope that BARC behave themselves in Africa.

Arsenal,
You could have squirrelled away much more than that over the duration but hey I have used up 100% of my postings allocation for 2021 so will have to call it a day. Nice talking and all the best with your investments

I made no reference to your age, just that you started investing over 30 years ago.

have you ever heard of ISAs

Arsenal17:
If you have been at it since the late 80's I would have thought you (and your wife?) would be 100% tax efficient by now and not have to worry about CGT.
Whilst I am posting which I rarely do, I would appreciate if some of you would take more care over your grammar and sentence construction. I visit various LSE boards in order to pick up on the latest news and "insight"; a very inefficient process I know since I am having to sift through copious amounts of irrelevances and rubbish. Unfortunately, I cannot help myself and read it all in wonderment with a virtual, red pen at the ready to make corrections, comments (could do better) and give marks out of 10. Enough is enough, I should let you get back to your chit-chat.

What is the likely outcome for the future of Clinigen with Elliot taking an increased holding in the company.

Oooops! I was looking at the performance charts on the IG site which must have been adjusted to reflect the new share volumes. Nevertheless, my mistake seems to have promoted plenty of positive comment which fortifies my resolve to remain invested and probably dip into my pocket for a few extra quid.

The SP for the 2-3 years pre-covid was running @250-300p but the 10/3 RI in Nov.'20 resulted in a massive dilution of 3:1. So the current SP of 140p translates to 400p+ in old money. So my question is: Is there anything left in the tank?

Looks like Elliott International have bought 5+% of stock which is the probable cause for the recent resilience over the last few days

This is a classic shorting op. This is how it works:- House researchers on the lookout for candidates - let's start with the Daily Mail - Ah! here's a beauty:- "Rumors in The City that Babs is ripe for a take-over" - What a laugh, who in their right mind..... Anyway lets report back and see if they if the boys upstairs want to give it a go. Upstairs, they have a chuckle and loan some stock and then set the "algo" in motion with loads of small buys. Well, well 5% up, that should do for today - sell the lot, clear the loan and lets see what happens - maybe we'll try again tomorrow if it comes falling down - should be able to get 2 days out of this.

........ and of course the reason given will be attributed to - you know what!

This is an annual event and is firmly scheduled into the CFO's calendar so there is no excusable reason for any delay. This is an historical report and if the delay is in order to include an announcement of some sort (eg divestment, take-over, strategic review update) this is not the place to do it. My guess is that it is poor planning and administration in collating the financial data across the divisions.

"They still have a very strong balance sheet" !!
What makes the balance sheet look strong is the "Intangible Assets" - this is always a number you have to take with a big pinch of salt.
I do not wish to critise the company, sales revenue is growing strongly but so it should having bought additional companies/products. What I am saying is that a year of strong organic growth is needed before the market is likely to look more favourably on the company.
Regards Bob G

Reason for SP nose dive: - overstretched (acquisitions) - net debt uncomfortably high alongside other metrics and will probably stay high throughout 2020 based on CFO narrative in AR. Company needs continued strong growth to keep SHs on-board

This has probably been mentioned before but the vast majority of PIs (90%+) will not vote. Its psychological, if they do nothing they will live in the hope that the IIs will help out, failing that, they will at least get 5.5p

Is it 75% of votes cast or 75% of issued shares

Bellers, Thanks for following up the PI initiative with SM. I am aware of what you said but if we are able to attract sufficient pledges for the 1st mini-bond issue, say £300-400M, SM will have better leverage if hey were to canvas different banks for a new RCF. I accept this approach is a long shot but stranger things have happened

Approx £2M pledged in less than a week
http://bit.ly/sirius-minerals

and take a look at: http://bit.ly/sirius-minerals

As I have repeatedly said, this is an attempt to gauge interest. If it were to get to the next stage which involves collecting monies an acceptable threshold would have to be met. The funds would be held in an escrow account for re-distribution back to the investors if the threshold was not reached. The account would be owned by SM or designated broker. This proposition obviously does not appeal to some people on this BB but it may do to others