Member Info for jollyspeculator

yes, I enjoy these weird shares (like DWHA) which offer a wild illiquid ride

The discount to the ords varies massively (has gone higher than 90%!), and over the past 15-20 years there have been clear bull and bear phases

I wonder what will change this bear? Perhaps dividend yield

or have we started to bounce to 750 yet again??

#tricky

surely yes you pay wht (unless you have some weird tax status)

results pretty shocking

tp 33p

you have a good point about lack of interest from Jens or Jupiter

there must surely be an sp at which this is a buy??
But perhaps I should wait for sales growth momentum to return
...if it returns lol

if so, what a buying opp

tp 1.5p++

divi you'll receive will be lower in £s than last year...not much more than 2p/gdr (4% yield)

that's not madly high imv

tp 6-7% yield ==> sp<40p

and there we go

so buying zone 530-550?

shorting this would require greater cojones than i possess

i'm gambling that investors will continue to fret about cash runway

sometimes come to those who wait

#patiently

ready to rock n roll

tp 1.5p ++

hold c 5m

@313

MMs reluctant to buy in vol...perhaps sp will have to dip below £3 again

there is a positive feedback loop: good/great exits generate much more interest from institutions for mercia to manage some of their assets and then mercia have many more entries from which more exits come

what differentiates mercia from other quoted plays (eg seed, tern, tek) is that they do actually generate meaningful exits consistently

listing investments (LUCY and BELL for TEK.L, say) doesn't necessarily achieve much (just look at LUCY's sp and its dwindling cash)

too busy nursing losses

yes, echoes my concerns

I need lower sp to justify risks

folk are so touchy

p&d deflating

pretty lacklustre

might get 7.5p if I'm lucky

and have fallen to below 90% of sp in Dhaka in the past

voting is valuable and the discount for non voting is volatile / sentiment driven

tp 35p

sold 1.2k @340

winnings...lol

interesting about overhang sold...the sp fall of GDRs has been much faster than in the past

happy to wait and see how far below any placement price this sp falls