Member Info for Jaxonsax

I have asked for clarification at 1pm

108.96

I hope SABA are taking an interest

Just glad to see a 'win' for once - my heart sinks when I see 'update on case' RNS

Shambolic mess is a carbon copy of Gore Street fiasco.

Strategic review was a sham with objective to justify continuation and too much influence from investment manager who is the major beneficciary.

The Board need to go and investment manager needs to suffer more of the pain if it is to continue.

A 12% destruction today does not achieve their so called total return of 9-11% - utterly laughable

Https://www.listcorp.com/asx/lyl/lycopodium-limited/news/lycopodium-awarded-eslh-contract-for-tulu-kapi-gold-project-3325052.html?ref=trending_news_home

£ or $ ?

To achieve financing of $340m and keep an 83% equity interest is a massive achievement. Its not very long ago it was looking like 75%

RBC Capital Markets said: "Actionable price-discovery has existed in the UK since the dawn of the price comparison website market, thus Insurify at the headline level represents a change to the US domestic market, not a global phenomenon."

Analyst Ross Broadfoot questioned whether the Insurify news is materially different from the current market structure in the UK, beyond greater AI-enablement.

"Wouldn't those UK players be best placed to layer AI tools and an LLM app on top of their existing propositions versus a new market entrant?," he said.

Seems like a more reasoned assessment

Well if Moltiply were happy to buy a 10% stake above 180p they must love it at this price

I think it relates to the news in the US yesterday re Anthropic which spooked the software sector and would have a knock on effect on private valuations for PE businesses but I believe Molten tend to be fairly conservative in their valuation methodologies so I took it as an opportunity to top up

I think the drop is a reaction to the software sell off in the US yesterday regarding an Anthropic AI tool which seemed to spook the sector.

We have had similar scares re Google and MONY several times over the last five years but nothing ever happened and the share price recovered afterwards

Agreed. It does seem a high discount to NAV. 50p seems like a more fair price

It does leave the door open for other bidders but given the length of time the companys been 'for sale' that would seem unlikely, but we live in hope

If you read the RNS in full - SABA have given undertakings to vote in favour unless there is another offer (Appendix 3)

But will I live to see it?

Thanks for the overview. I was in it a couple of years ago but a bit out of touch recently.

My recollection is its either in our out of favour and tends to overshoot the real value in either direction. Given the precipitous drop in Dec it looks like it could be worth a punt. I also noticed the line in the last update " the Board anticipates declaring a progressive full-year dividend" which is helpful to a value investor

I always felt that the good free cashflow should be attractive to PE but nothing ever happened even last time when it was on its back in 2022

How secure is the divi?

I agree. Do people really not have anything better to do than engage in petty childish bickering. Its pathetic

If you read previous RNS's properly you would have already known that the full package would take until KEFI EGM in Nov. Its been very clear to anyone who read them

Thats a great question. Over recent years if anyone had offered me got get out at cost I would have snatched their arm off but with the deal in the final stages and recent momentum I will try and hold my nerve. Might put a stop loss in on a top slice though. Plan now is if it can double from here after final sign off I would probably take out enough to leave me on a free ride.