Member Info for KrispyDuck

I bought a good wodge of UTG after the recent fall so I'm clearly talking up my own book here but I do firmly believe this is one of the most under-valued shares on FTSE (not in the 100 any more but still in the market). With a NAV roughly double its market cap and profitable on top of that, the market's current valuation seems nothing short of crazy. It may take a takeover bid for the market to recognise the value here but that day will come ... one day Rodney.

Pricing of IPF does seem "off" today. Did a dummy sell of 25k (AJ Bell) with an indicative spread showing of 126/128 but the quote given was only 124.7. Still ... better than it was a week ago :)

Ah yes, somehow missed it. Thanks

I've tried searching (probably not well enough) but I can't find the announcement that suggested some kind of deal would be done by Q1 2023. Could some kind soul point me in the right direction as I'd like to read this from the horse's mouth. It doesn't seem to be in the last interim statement. Cheers.

Ditto...Topped up at a tad over 50p this morning. I now own way more of these than is good for me. But there is seriously no way these should be trading at below their tangible NAV (~68p). Even if things get a little sticky in the coming year or so, it's hard to see them swinging to a loss so add the value of the business on top of the healthy NAV and it's difficult to come to a fair valuation below ~90p. Bring it on :D

Totally agree Hunter. This is on my radar as one of the best undervalued companies out there. I find myself wondering why it's so cheap...buying a few thousand more...then it drops further :D But I have a solid conviction that it will make me a tidy sum ...one day.

They seem to have made a mistake in the diary page. If you click through to the company details https://www.sharesmagazine.co.uk/shares/share/VTU/fundamentals and scroll down to Dividends, they have it correct there.

I wish I had some inkling into the recent price slide. VTU looks great value at these levels. Good assets, solid profits. What's not to like?

Point of order: Ex-dividend was 16 Dec. Today was just payment day so doesn't explain todays share price fall, unfortunately.

Initally a rise of 3.5p seemed rather disappointing until I realised that today RE.B goes Ex-div so, in theory at least, should have fallen 5.5p. So +3.5p is effectively a rise of 9p when you take the dividend into account.

@Slim: "...would rather hedge on side of guaranteed rights than trying to be clever and missing out...". To be clear, there is no particular benefit to taking part in the rights issue nor are you missing out if you don't. Buying pre-ex-rights, post ex-rights or buying the rights themselves all amount to the same thing ... buying more shares (subject to normal share price fluctuations).

Without checking Pianista's maths then the nil-paid rights should trade close to 570p - 410p = 160p.

As someone said earlier...it's a zero-sum game (assuming you take up or sell all your rights). All other things being equal, you end up with more shares at a lower price. The company has more assets than they had before (paid for by the same people who own the company and hence those assets). It's all about cash flow.

I'm not trying to be a know-it-all but I've seen a number of posts suggesting people can sell today and buy back cheaper on Monday. I can assure you that this sort of "Dell Boy" trick will not work.

EZJ go ex-rights on Monday. NOT on the "record date" earlier this week. Only those holding at close of business today will receive the nil-paid rights shares.

Worth less than its debts? So what? Meaningless if you ignore its assets. Not sure if these figures are correct (I'm sure they're not) but, just to make the point... Debt: £22B Assets: £44B Net asset value = 44-22 = +£22B (which admittedly sounds too high but not incentivised enough to dig out proper numbers). I hope you get my point.

Why compare debt to market cap? Makes zero sense. By all means compare asset vale to debt or even asset value minus debt to market cap. Tesco asset value is somewhere around £44billion I believe which makes your numbers look a lot less scary and no magic needed. (I don't hold Tesco...just don't like seeing this kind of ill-informed nonsense)

GDP the best performing share in my portfolio today (ignoring the fact that the published bid didn't actually move) ... which probably says much about my share-picking skills.

Oh my GDP is blue. Never thought I'd be glad to see a bid of 3.5. Onwards and upwards.

That's what he said last year :(

There are results due Monday? I though the next significant event in the GDP calandar was preliminary results in November. Have I missed something?

Nice "warts & all" analysis ChameleonMan. Regardless of the wisdom or otherwise of having invested in GDP, I take some comfort in the fact that I seem to be in good company here. There may not be a huge volume of traffic on this board but the quality level is high (I mean the maturity and the humour ... not the ability to share pick :) ) I've come this far. £43,000 down but feeling perversely optimistic. May as well hold on for a bumpy ride to eventual success!

... speaking of averaging down ... couldn't resist a small top-up at 3.72p. Average is still a too-high 7.61p but I'll get that down when I buy my next million at 2.5p ;) I remember an early lesson I was taught in share dealing was, "get emotionally involved with a share", which I've taken to mean, never sell at a loss and keep buying more as they go down. Oh wait ... there might have been a "never" in there somewhere :(