Member Info for jollyspeculator

a little institutional dabbling today perhaps

unlike poor VC outfits, they don't rush to premature listings (which expose the struggling company to glare of ill formed and capricious views...and makes life extremely difficult for them in choppy times like this)

if you wanted to script a pretty decent narrative, MERC has it (cash, fcf positive from AuM, experienced management, good brand, good client rels esp with Northern Powerhouse, growing space...inward investment/levelling up, weak £ and need to onshore)

For even better narrative and sp>£1, they need to ape IPX...and go for serious AuM growth

probably seem cheap come end of Nov

trouble is sector stinks, and MBH is sooooo much cheaper on every metric (and a standout t/o target)

hold 290k

Happy to scale up

tp 50p++

bought some more @£11

hold 2k

would scale up to c5-7k if opportunity arises: this and As are about as good as it gets imv

(plus >10k As)

cos placement still looms...

but sum of value of slim pf is way higher than sp, isn't it

a small placement might offer massive opportunity to scale up punt here

tp 50p (or 15p if/when placement)

ready to rock n roll

tp £1++

the auditor should be required at the very least to issue a comprehensive statement for every reason for delay

when you get this sort of stuff with audit of a quoted company, there really should be neutral/impartial oversight

audit is reporting to the directors

the small shareholders should have line of sight of EVERYTHING esp if something odd happens

MM pretty greedy here
1096-1170

why, my friends?

I suspect £5-6m EBIT is readily achievable this year (or next)...decent growth; experienced aligned management

I'm sceptical about the Emma Hardie acquisition (pricing and the weird guarantee)...just hope the management team is more savvy next time

tp EV of £40-50m (sp of c60p++)

rruly dreadful acquisition: timing, pricing

makes you nervous about their buy to grow plan

perhaps 1.35 for oversold bounce

to break higher

FIPP announced solid results today...VC managers may come back into investors' minds soon...some of the best are priced for wipeout

NAV>40p
tp 50p++

tp 17p for oversold bounce

sold 1800@£7.16xx

flying now

shorts befuddled

?

slowly slowly

off we go...