RE: Allenby update7 Jan 2020 22:02
I feel like People now copying and pasting but just taken this from the Other board..Compelling stuff :)
Following the recent placing at 3p that raised £3.4m to buy Murata's supercapacitor assets , Ruffer Llp has become a new shareholder of CAP-XX owning 7% of the equity ( see today's link below ) , which means the institution took around 1/3rd of the stock on offer . Ruffer manage around £20bn of funds , and have built their excellent reputation around an independent active no nonsense long-term style of investing . Their mantra is consistent positive returns regardless of how financial markets perform , and their current asset allocation model is fairly telling - 31% index-linked bonds , 10% cash & 7% gold and gold shares . Therefore , it is a great credit to CAP-XX that it passed their current highly risk averse approach . Yesterday , we also had confirmation that David Newlands has increased his CAP-XX stake in the placing from 5.3% to 6.5% . He has built his own reputation around successful UK small cap investing . The directors of CAP-XX now own over 5% of CAP-XX , and are all over 60 years old . The CEO and founder , Anthony Kongats , is 61 and owns 2.3% of the company . Fingers crossed that the 3p level is now the absolute floor of the CAP-XX shareprice , and that the decommissioning , relocation and recommissioning of the Murata supercapacitor assets all go according to plan , thereby transforming CAP-XX into serious profitability in their financial year to June 2021 , as expected .