Member Info for Krustysmegma

Interesting News feature in today's mag entitled "Biotech companies in demand as pharmaceutical companies spend billions on takeovers". No specific mention of SAR (obviously) but includes the following 2 para's:

"There are signs big pharma is becoming more aggressive and buying riskier earlier stage biotech. That is the view of Rod Wong, chief investment officer at RTW Venture Fund (RTW).

Speaking on the Shares / AJ Bell Money & Markets podcast, Wong said that Merck’s $10.8 billion takeover deal for Prometheus Biosciences (RXDX:NASDAQ) in April was interesting because the company is pre-revenue which shows big pharma companies are ‘really planning ahead’ and taking more risks to address patent expiration."

Mkx007, thanks for correcting me, let's hope the Irish lobbying group continues to hold sway. I'm confident that, as more assets come on stream here and the dividend continues to grow, this will remain a very good long-term investment for income seekers like myself.

I never, ever understand why people talk about selling shares when the SP drops. Sell when the price is (relatively) high, as I did at 116 on 8/3/22. With the current 17+% discount to NAV, there's surely never been a better time to buy?

Excellent update once again from the company, and the dividend increased from 7.0p to 7.5p now, that's c. 7.7% at the current price. This recent fall in the SP provides another opportunity to add, although my personal average is 87.10 so not looking to buy more at this stage. I've said it before & I'll say it again, the Irish have a much better grasp of the potential from alternative energy supplies that our own government simply fails to comprehend. Good for them, and good for investors here too. Sláinte is táinte (health & wealth) to all. K

Perhaps if we all asked him nicely Terry would close a couple more fictitious short positions here if this is the effect?

From the Chair statement in the Interim Report & Accounts, 13th June:

"At present, the possibility of the Company declaring total dividends of at least 7p per share for the current financial year is very likely."

Shares Magazine remains positive on this share too:

"...we believe there is more to come from the investments the company is making to drive further growth.

In addition, the rating of the shares does not reflect their quality or growth potential. Hewitt [Guy Hewitt, Director of Research at FinnCap] notes they trade at a 40% discount to the UK mid-cap market based on free cash flow yield. We remain positive on the stock."

Did you close your short Terry? Did you?? Come on, be honest now, you didn't, did you? You'd like to have, I'll bet you would, but you don't know how to open a short position, do you Terry?

Good luck old son.

# of course twice, apols.

Would leave c. 33 million shares in circulation at something like 11 pence each, which sounds more manageable than the billions currently doing the rounds.

Incredible to think this would be the second 1/250 consolidation, following the same dilution on 7th April 2016. So for shareholders on 6th April 2016, they'll see their holding reduced to 1/62,500 since that date. Of course, JA has seen bigger losses than anyone of course, but many smaller LTH's have been wiped out here.

Yes I see that LOTM, but this share is so volatile I just don't know how anyone could successfully trade it over any length of time. Today is a perfect example - up first thing, then plunging down again. What will it do this afternoon - your guess is as good as mine. Trying to second-guess just seems like a futile task to me. Since I started typing this message the SP has recovered a loss of well over 1%, and that's in about 2 minutes! I might type some more...

... or simply go along to your local casino & put the money on red or black, since that seems to be the basis of your strategy?

Yes, pushed through 160 now off the back of FTSE 250 promotion. The great news continues here.

Interesting posts Velo, thanks. I would add a couple of my own:

- Given how strong the first-half performance has been, I think there's still scope for further upgrades to t/o and profit forecasts in the current financial year, as there were last year.

- The dividend is based on profit after tax, so every upgrade impacts yield as well as capital gains.

This is looking like an excellent investment IMHO.

Libarahen, thanks so much for taking the time and trouble to post on here. I hope the number of posts gives you an indication of the respect with which Andy (Thoth2) was held within this group, and the pivotal role he played in the investments of so many of us. I know it always gave me a little tingle of satisfaction if "he" ever replied to one of my posts.

As someone has already suggested, if SAR does eventually make fortunes for people on here as Thoth2 predicted, I think it would be a fitting tribute to make a donation to a charity of the family's choosing. In the mean time, please pass on my very best wishes to your daughters, and take care. K

Dividends paid by SERE are 100% European dividends, converted to £ for UK shareholders. They are not PID distributions.

Hi Strevs,

I'm not sure I qualify as more knowledgeable but these are my thoughts for what they're worth. The market is currently working on the basis that shareholders will receive c.75p from the disposals, hence the share price. However, the net asset value of the company is currently c.95p, so you could argue that we should receive that amount. Once the dust settles, I expect we will end up with an amount somewhere between the two figures, maybe 85-90p? And don't forget to factor in the dividend which will continue to be paid, albeit in lower amounts as sales of assets are completed and capital is returned to shareholders. We may receive this in cash, or in the form of 'B' shares which can then be sold in the market. Timescale is more difficult to predict, but I'm expecting it could take up to 3 years based on previous experience. In my opinion, the only way shareholders will receive the true value of this investment is by holding tight and seeing the process through, but that is only my personal view. There is also the possibility that someone will come in with an offer for the Trust, or propose some form of merger, but I think that's less likely now we've reached this stage. K

RonnieH, I notice you are cross-ramping across a number of boards this morning. Give it a rest.

The whole sector is down this morning following the latest inflation reading, it's got nothing to do with the Chairman, woke world, conspiracy theories...

UK house price index reading due to be released at 9.30, could have been a leak? Unlikely I'd have thought, more likely the high inflation reading as others have commented.