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I'm in a similar situation - I was adding to this as a LT investment for pension purposes so not thrilled to see it go.

I have, also, 3i, HICL, Greencoat and INPP - but they have a different approach and risk profile from BBGI

Hi Nicau - they're trying to tackle the discount by share buy backs, rather than paying dividends....

"In its 2023 results, the Group reiterated the Board's commitment to making regular cash returns to shareholders from realisations but announced that, in light of the prevailing discount between the Company's share price and its NAV per share, these regular cash returns will normally be made in the form of share buybacks when the share price discount to NAV exceeds 20%. As a result, no dividends were paid in the period (HY23: 7.7m, FY23: £13.0m), with the Group instead announcing that it had initiated a share buyback of up to £20m in December 2023."

I would comment YHAL: "Having successfully completed £45m of exits in the year to date and, consistent with its stated approach to capital returns, the Group had previously announced its intention to increase the Group's current share buyback programme (the "Buyback Programme") by a further £10m (the "Buyback Extension")."

So there is realisation over time, and there are returns to shareholders

1pencil - agree. The money raised was meant to be used to meet increasing demand (at least I thought that was what it was for) so I found these results surprising. I sold about half of my holding yesterday on a gut feeling; I MIGHT buy it back at some point, but not at this price

Very disappointing notice has ruined what should have been a success story. The implication for a number of years has been they do not require additional capital, so why oh why, when they are on target for their plan, do they suddenly need it?

I mean love your...

I your typo gut to but, particularly given your user name ??

Hi Nom

Thanks for all that. I'm creeping back in but not going to bet the house for the time being. Spread is a bit harsh atm as well.

ATB

Well played Nom.
It wasn't that long ago they were telling us they woudn't need to fund raise again. Disappointing.

Thanks Nom

I didn't want a dilution but I think this is a sensible move

Thanks Apple, missed that one! Nice chunky buy too

No probs Pap. ATB

Hi Nom
I saw the RNS but it seemed broadly in line with expectation and nothing new to shout about. The PREtec Peptides is exciting but I have no clue what level of potential revenue we are looking at.
ATB

Hi Papillon.
We're all waiting for the half-year report, which I think (hope) we may see tomorrow. I think that will decide on direction going forward as we are a bit trapped in a small range atm.
ATB and GL

Trump twitter "Farmers are starting to do great again, after 15 years of a downward spiral. The 16 Billion Dollar China “replacement” money didn’t exactly hurt!".

Yes, I know....

Hi Nom. Think mid-year statement was around September last year - I hope we hear something before that though, well providing it is good news!

Ouch.

Your prerogative to disagree. GL

That may be, but don't buy it based upon that tweet below