Member Info for JBongo

Good RNS and jump in SP. I'm back to about breakeven now! Just a shame my monthly buy was held as cash in my fidelity account last week instead of buying shares due to the consolidation :(

Forgot about the share consolidation happening today. Thought we were 1300% up there haha. It was nice to be rich in my head for a few seconds.

From the RNS it sounds like it's just one company we're close with re the wellness tests. Obviously boots most likely!

Products still available to view in the link below if anyone wants a look (i just googled myhealthchecked and scrolled down to one of the boots links). The DNA tests are significantly cheaper on there (£41) than on Amazon (£54). Wonder if boots thought they were too expensive.

https://www.boots.com/SearchDisplay?sType=SimpleSearch&pageId=1603259&categoryId=&pageView=&showResultsPage=true&beginIndex=0&searchSource=Q&resultCatEntryType=2&pageSize=24&manufacturer=MyHealthChecked&storeId=11352&isA2ZBrand=Y

Always seems to be you that spots them though Smudge. Appreciate the effort.

I managed a top up at 1.18p this morning, so happy with that.

Yeah, my guess is someone used the live site instead of the test site and is currently getting a b********g off their manager and cursing Smudge :p

Penny made it clear in the last presentation that she does care about shareholder returns. We can't just keep beating her with that increasingly outdated stick.

Yeah, the cats definitely out of the bag on this one. No way boots do that if they're not going to sign a deal with us

No RNS today by the looks.

Couple of the new tests (thyroid and cholesterol) and a couple of the DNA tests (heart and vitamins) showing as in stock. The rest as you say, "stock coming soon".

Great stuff. Cheers Smudge. Lots of different tests on there. Just what we were waiting for. Hopefully they'll be in store as well as online.

Interesting comment when you click on the tests as well:

"In relation to the sale of this test kit, Boots is acting as an agent for and on behalf of Concepta Diagnostics Limited. Please note that you are purchasing the test kit directly from Concepta Diagnostics Limited, and the cost of the test kit is paid directly to Concepta Diagnostics Limited."

So we will get the full price as revenue presumably, then give boots a cut later?

On a purely selfish note, hopefully they wait a few more days before announcing it as I've got a buy going through in a couple of days :p

Hopefully some news on the wellness tests to come along with the consolidation and AGM next week.... we can but hope.

If SMT as a trust went belly up, we'd be entitled to the value of the underlying assets of the company once they were sold off.
Only if the Teslas and modernas etc went to 0 would we as investors end up with 0.

Peregrine, I don't think your theory of new evidence coming to light really flies. It would have been too late for samsung to start adding new things to their defence.

There are no short positions (above the 0.5%) open on SMT...

Lack of faith in the managers to pick good stocks going forwards or the sector being out of demand. If they announced they were closing the fund, the discount would soon close. For example, this happened last year with Fundsmiths FEET. Discount was 15% to NAV before the announcement of voluntary liquidation. It jumped 10% just on the announcement of liquidation.

So yes, it is basically free value (assuming you think the NAV of the underlying stocks is fair and won't crash). There is the possibility that an IT could go on for 10-20 years with a big discount to NAV though, so it's still not easy money.

If the fund went kaput, the investors would still be owed the value of the underlying stocks. This will prevent the trust going to 0.

The only chance of the fund going to 0 is if the underlying holdings all went to 0. Very unlikely.

SMT is a big fund, but not big enough to drag mega cap companies into trouble (e.g. if SMT was doing badly and had to sell out of Tesla, do you think other Tesla shareholders would start running for the exit and panicking? No chance).

Whereas WPCT held smaller companies, and therefore could affect them adversely (I.e. People hear of trouble at WPCT, they start selling out of the small cap stocks that WPCT holds, leading to a run for the exit on the underlying holdings).

I see news coming whenever lloyds or boots get their finger out and launch the home testing kits! It's all on them by the sounds of it

Yes, it looks like he still has 4.23% of the company. No biggy.

Good research as always smudge.

It is interesting how they're all coming out of the woodwork at once these testing kits. We'd better get on it quick before we get left behind