Member Info for Krustysmegma

Cash position indicated in the trading update was c.£34.3m which has dropped to c.£33.9m in the preliminaries.

Total dividend for the year reduced from 12.7p (2022) to 7.39p (2023) so I don't think that's it.

So it must be down to the forward-looking statements, which as you say are very positive. This came across during the Investor Meet Company presentation yesterday too. Interesting to see what the next few trading sessions hold for us.

In auction briefly, plenty of buys still flooding in. Wonder what's driving this? The results are good but they're no different to the trading update numbers released a few weeks ago. Interesting times for holders here...

Crikey it's gone walkabout this afternoon! Have to admit I didn't see this coming, very welcome though. Wonder if there might be some takeover speculation? Hope not at this stage, to be honest.

Pushing £1.60 into the close...

HHI listed as one of "Six great funds for your ISA" in this week's magazine. It's behind a paywall so can't share a link but includes the following: "...what makes the trust stand out from the peer group is the bond exposure, managed by the parent asset manager’s bond specialists. This provides more resilience and diversification to its income stream."

Yes solid numbers & the market loves it too. I listened in to the presentation this morning, didn't really add anything to what had been reported. They did seem confident that they could keep expanding, continue to grow the business in different directions. The laundry business in particular seems ripe for significant expansion, and the margins are good too so very promising going forward.

I have to say I was disappointed with the dividend though. They'd already said they aim to pay 1/3 interim & 2/3 final, and repeated that in these results. So, based on an interim of 2.97p, I had expected a final of c. 5.95p rather than the 4.42p it will pay. I've clearly misunderstood their intentions as this looks more like an aspiration for now. Trading around the £1.50 mark again now though, so only a minor issue in the big scheme of things.

I knew you'd trip yourself up eventually monkey. If you're going to lie, you've got to be very careful to cover your tracks.

"recently got out even with the dividends and redeployed the money into GRF at 8.40e and Jup 72p"

So you sold out here on 30th June (according to your post) but JUP was 79p by that time. It's never been anywhere near 72p since then. Even weeks earlier it never made 72 on the ask. I can't believe a word you say.

To give the Board chance to assess the offers, & SHED to either bid or clear off. Common sense prevails.

Absolutely, make your own minds up. But don't put words in my mouth rylidan - I'm not recommending people change their decision, just that they review any decision based on new information available. I too was quite happy with the original proposal, but SHED have come in with what appears to be an improved offer. So I'm not going to support CREI taking out API for less than the offer from elsewhere, I'll wait & see what the Board recommends and make a decision based on that. I'm entitled to my view, just as you are.

Just realised I'd instructed my broker to accept the CREI offer, which I am now rejecting pending clarification on this & the new bid from SHED. I know API has advised shareholders not to do anything at this stage, but if anyone else has voted in favour of the CREI deal (and not voting means you're supporting the Board to accept the offer) you might want to revise your decision. I'm assuming it will all be academic & the vote will be pulled at some point, but just in case...

Talk about a muted response. Even in the teeth of a bidding war the sp is unmoved. Fingers crossed for a third bidder, or a counter-bid from CREI.

Agreed luton. £3 now would be the equivalent of 6p in old money, which is where I was selling in 2021. So not sure it's the end game that many LTH's had in mind, or they'd have sold already.

Results in the morning, Investor Meet Company presentation at 9.00am.

# loser

Yes, indeed! Hope the looser makes a bid for RGL lol.

PCS I'm not saying they haven't sold any, just that we can't say for sure that they have. The sp has dropped alarmingly on very little volume, which suggests to me that PI's have been frightened out of their shares by some of the scare stories on this and other boards. The sp is rising significantly but still on very few trades, this has been one of the hallmarks of SAR over the years I have found. MM antics in the main.

To be fair, we don't know that RF has sold a single share...

40p on the bid!

40% up now...

Directors filling their boots this morning, nice rise in the SP too disguised as a 4% fall...

There are plenty that do carter. Anyway, things looking up a bit this morning are they not?

Up 30% now, is that the sound of hooves in the distance? Is the herd arriving...??