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I don't think you need to worry about it Lfish. It won't matter which way us PI's vote, the II's will already have been consulted & will no doubt vote in favour. It's probably the safest, cheapest & easiest way to return funds to shareholders so I'll be voting in favour, just in case Schroders et al are asleep at the wheel.
Accepting you can't use discount to NAV or similar measures as a way of assessing SAR, there must be a way of valuing the opportunity. 3 or 4 years ago, the market cap was c. £200m, so effectively the market was saying there's a 20% chance of SAR being worth £1bn if the trials went well. That feels about right to me - a 1 in 5 chance of striking it rich. I suspect most LTH's invested on a similar basis having assessed the risks. However, despite only positive news in terms of progress with the current trial, the market has now discounted our chances of hitting the big time by 99%. How on earth are fledgling biotech's supposed to thrive (or even survive) in this environment? Where is the support from our Government when we need it?
In my case I'm buying back shares at less than 17p that I previously sold at the equivalent of over £3 Warty. I can't make my mind up if it's madness to keep buying with everything that's going on, or if it's madness not buying more at such a ridiculous price.
Excellent results, plus significant upgrade to 2024 forecast. Even the market can't ignore this one, significant re-rate this morning. For anyone watching MAFS Australia, Deeeeeece!
Guessing your meeting might end up with Security, but no harm in asking them if they know anything about 737!
SUPR featured in this week's "Great Ideas" feature, it's behind a paywall so can't post a link. Includes the following commentary: "We have no doubt the company will be able to continue generating income and earnings growth given the overall grocery market is expanding at a healthy clip again and importantly both Tesco and Sainsbury’s are taking market share."
SHED will NOT be making an offer for API.
RNS on the SHED site, they will NOT be making an offer for API. Hopefully API shareholders will now vote in favour of the CREI bid & that'll be that.
Just RNS'd, they will NOT be making an offer for API. That clears the way for the CREI proposal to be voted on as the only offer on the table.
TPFG have issued new shares as part of the merger with BLV, is that what you mean? So there are almost twice the number of TPFG shares in circulation now, but the combined group is almost twice the size, so there hasn't been any dilution as such. Your shares are still worth more or less the same as they were pre-merger.
So following approval of the API merger by CREI shareholders, today is the day that Urban Logistics (SHED) has to put up or shut up. The deadline is 5.00pm. I'm pretty sure API investors will back the CREI bid, so this looks to me like the final hurdle.
No, that's fair enough. Tough environment for those invested in the property sector though, I would suggest CREI has done better than most in that regard. And the NAV gap can't last forever.
Hope you're right wishihadnt, I'm invested in NESF & SUPR too although not to the extent I'm in here. This has been one of my core holdings for some years now. My average is currently just over 81 so would definitely like to see some upward movement in the sp, I'm confident it will come and in the meantime enjoying the dividends.
Agreed Dartron, 107% cover for the dividend now too which is always a positive. Staggering how much families have to pay to keep their loved ones in decent accommodation in their final months/years though.
Can you explain Sid? I don't have a clue what you mean, sorry. It's obviously something you feel very strongly about.
The fake profile thread was started by me, apologies if any genuine posters were affected by the removal. I don't think we'll be hearing from Sherwood Forest for a while. K
Nicely summarised damo. I particularly enjoyed use of the word "warming" in the context of a coal producer.
Good luck with that 69, I'm sure there are lots on here who would be interested if you became the first UK dom to crack the code.
Oh, and brave is one word for it, ******* stupid would be two more...
I'm only reinvesting profits from top-slicing above 6p in old money (c. £3 equivalent). My entire holding is free running & still have funds available to add more. Still sick to my stomach seeing the SP down here & the value of my portfolio going down the pan so god knows how people are feeling that are sitting on huge losses.