Member Info for laallee

It will rise it you continue to rub the little thing....

Once 1p is broken we will see more investors who are not allow to buy shares worth under 1p.

Jeezus!

Stop it man, you will go blind.

Yeah,

I think one of the directors wives spent the "winnings" on a new orangery- once her kitchen was completed.....

Questions abound as Elliott takes 5% stake in Scottish Mortgage

Arrival of activist US hedge fund on the register of the Baillie Gifford global flagship revives memories of Elliott's successful campaign against Alliance Trust a decade ago.

Gavin Lumsden

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GAVIN LUMSDEN

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Elliott Associates, the much feared and respected US activist hedge fund, has emerged with a 5% stake in Scottish Mortgage Trust (SMT).

In a post-market disclosure to the stock exchange, the Delaware-based investment firm revealed it had bought nearly 0.5% of the Baillie Gifford flagship’s shares with a further 4.57% in equity swaps to take it just over the 5% threshold.

Founded in 1977 by Paul Singer, Elliott is best known for buying distressed emerging market bonds and pursuing Peru and Argentina through international courts when they defaulted on their debts. Closer in time and space, last month it made a takeover approach to electrical retailer Currys (CURY)

In the UK investment company market, the firm is fondly remembered, by most, for its campaign against Alliance Trust (ATST). After building up a 14% stake in the underperforming global equities fund, it obtained two seats on the board in 2015 before ousting chief executive Katherine Garrett-Cox and starting a process that saw her financial services empire dismantled and the company’s adoption of the multi-manager structure under Willis Towers Watson we know today.

IGC down 17% in a week, bit of a tumble....

No one is willing to explain why 99% of posters here are negative and basically trash talk.

I'll explain it for you-

Some of us learn from our mistakes.

It is welcome- Now, I am only 50% down....

In4,

It has been public knowledge for years - it was highlighted on the old BPC facebook group ages ago... Infact, one of the posters on here bumped into Uliel whilst he was on safari in Africa (pre Perseverance)

eytan is a busy man....jeezus, what a ******!

https://eytanulielauthor.com/

I was hoping for 0.3p so I could sell up and escape this sh*t show. Looking unlikely atm.....

I was hoping for 2.7p so I could sell up and escape this sh*t show. Looking highly unlikely atm.............

Lots of ITs are doing the same- they see the discount as an opportuniy to buy "cheap"

The hope is it narrows the discount...although it rarely seems to work if the Market is not extremely positive.

This company is in a much better position than three years ago:-

It could not have any worse....

Fatal, (my old mate?)

Stay Frosty.

Have these aforementioned seismic contracts been signed? Or, are they corned beef pie in the sky? Just asking...

Apologies - 771p back in profit- £441 up. I might have 2 pints tomorrow night!

776p, back in profit.

I might have a pint tomorrow night...

Eytan Uliel, Chief Executive Officer of Challenger said:

"This week has been extremely significant for the emerging Uruguayan offshore exploration sector, and highlights how exciting we think the next few years will be. Challenger has now completed AREA OFF-1's minimum work programme, well ahead of schedule. At the same time, the finalisation of contracts with global industry heavyweights for multiple offshore blocks has defined Uruguay's operator landscape, provided certainty as to their upcoming, substantial exploration programmes, and has also laid out the pathway to a potential 3D seismic shoot in late 2024 / early 2025, including coverage of prospects of interest on AREA OFF-1. These are all important commercial, technical and operational inputs relevant to our ongoing AREA OFF-1 farm-in process which, given developments this week, we now expect to be able to successfully conclude in the first quarter of 2024."

Golden Cross?

More like a Golden Shower...

Eytan couldn't find a tin of Fray Bentos....

And an all time high reached today- 167p