Member Info for JBongo

Thanks for that. Just shows the added value brought by private companies to the trust.

I would be interested in investing in the Baillie Gifford Schiehallion private trust if that is ever opened up to retail investors.

That's LFT though, not the PCR tests that we sell

Great theory lobo. Certainly makes sense. With Bawendi’s testimony under seal though, does that mean we can't use the contents in our arguments?

Cheers Morbox and Lobo for your equally helpful posts on how to find the documents in question. I'm reading through some of them now.

Thanks lobo, but it's showing as 'not found' when I click the link

They're borrowing the money to invest (gearing), not because they need money (I.e. they wouldn't have sold their shares to raise money if they had not done this loan deal). As long as they get a return of more than the 3% with the borrowed money, and they keep an eye on the debt risk, then it's fine by me!

Haha, I hope she went for the mouth first Smudge!

Not necessarily Dorset. E.g. you could have a seller selling 10 shares, and 5 buyers who each buy 2 of those shares. Lot more buyers than sellers then, but the same no of shares.

Question about the bonus. It says in the RNS "the Loan Note holders are entitled to a success bonus of 105% of the nominal value of the Loan Notes Subscribed."

People are talking as though this is a 5% bonus (on top of 100% of the repaid loan) which would be a bonus of £225,000 and a total of £4,725,000. It read to me more like a 105% bonus on top of the 100% loan repayment. So a bonus of £4,725,000 on top of the £4,500,000.

Obviously i hope its the former, but what are your thoughts?

Just buy a bit each month. Hold for a long time. Buy more when it dips/is at a discount. Simple!

I suspect they will get them into boots. Which will be very good for business. I can imagine a lot of people being more willing to trust DNA tests from boots than a random website they've not heard of before.

I'm sure MHC said in one of their presentations that they were confident of getting the DNA etc tests into boots thanks to the good relationships formed by the covid test (and mylotus before that).

I'm sure the cashflow from the covid tests will help bring the DNA tests to reality a lot quicker and without having to go cap in hand to the investors every five minutes

I don't think it'll drop much. If you're wanting more shares i would just get them ASAP.

Incredible figures. Never thought I'd see little old concepta doing millions in revenue in just a couple of months!
Would have thought this would give an uptick of more than 15% in the SP though. Very odd with the high level of growth shown.
Still, glad I bought a few more shares the other day.

Positive news about the acquisition. Hope the market doesnt get too carried away though, I've put an order in for some more shares after pay day.

It's not just "Some on here" that advocate buying and holding for years/ decades. The Warren Buffets, Peter Lynches and Terry Smiths of the world will tell you the same thing.

Try thinking in years or decades, not days.

Good for them. Don't take all Samsung's money though. Leave some for us :D

Buying their own shares is a benefit to current shareholders (especially if done when the share price is trading at a discount to NAV). It basically means you own more of SMT without having to buy any more.

Imagine if you have a pie (SMT) cut into ten pieces. You own one of those pieces (1/10th of SMT). If the company buys back the rights to one of those pieces of pie (and writes it off), the pie is still the same size (as the investments in the underlying companies haven't shrunk), but the pie is now only cut into 9 pieces. You now own 1/9th of the company, instead of 1/10th.

The opposite can be done as well by companies (usually small, non-profitable companies who need to raise cash to keep going) by issuing shares. This gives the company a cash injection, but dilutes current shareholders (the pie would then be cut into 11 pieces going back to my earlier example)

Talking of clear blue, I've just looked on boots and Amazon and it looks like the mylo device isn't available to buy anymore. I wonder if we've completely given up on it or if we're just waiting until covid is over to refocus on fertility as well as the DNA/allergy testing...