Member Info for laallee

Fatal.
You can have a thumbs up for that post.
I know you love a good thumbing....

Egg,
Did you buy more shares on the strength of the rumours coming from the Bahamas and I must add that strong rumours were coming from the Icemax too?
Let me remind you. You were ramping this up to 20 odd pence prior to the knackered funding and intervention of the court case. I recall you giving me a hard time because I said 12p was good enough for me!
Let’s accept it - we were all hopeful of a good outcome and and good rumours were jumped on and hyped up. Potter and Uliel did a fair bit of ramping too- 4 5 6p will be nothing- dead cert!
We all got it wrong.
I have accepted my losses. No one else to blame apart from me and I am not calling out anyone who told me news that did not come out as fact.
Now try and accept that YOU got it wrong and move onwards.
Blaming others shows an inability to see the fault in your character. You made a mistake like most of us did, it’s that simple.
Man up.

Tomorrow doesn’t really interest me.
5-10 years ahead does interest me. This could be double or quadruple by then…

Very nice to have a lift today considering the Shanghai Comp and Nasdaq have not frothed up too well.
£15 by the end of the year is my bet.

Tomorrow doesn’t really interest me.
5-10 years ahead does interest me. This could be double or quadruple by then…

Affirm Stock Explodes More Than 50% After Announcing Amazon Partnership
By Connor Smith
Updated August 30, 2021 / Original August 27, 2021
Order Reprints
Print Article

Affirm Holdings said Friday that its buy-now-pay-later offerings are coming to Amazon.com. The stock exploded Monday before the market’s open.

The company said it’s currently testing its flexible payment service on Amazon (ticker: AMZN) and plans to widely debut the option in the coming months. If a customer is approved, Affirm will offer monthly payments for purchases of $50 or more.

Affirm...

Another good one in SMTs top 30 holdings.

Scottish Mortgage's Ginkgo bet jumps tenfold as listing looms
By Loukia Gyftopoulou 27 Aug, 2021
8
Comments
Scottish Mortgage's Ginkgo bet jumps tenfold as listing looms
One of Scottish Mortgage (SMT) investment trust’s private holdings that has already delivered a tenfold return on capital is poised to begin trading on the stock market next month after merging with a special-purpose acquisition company (Spac).

Ginkgo Bioworks, which engineers micro-organisms for industrial use, will list on the New York Stock Exchange in September through its merger with Soaring Eagle Acquisition Corporation, a Spac launched by former Hollywood executive Harry Sloan.

The deal, which will bring in $2.5bn (£1.8bn) in new capital, values the business at around $17.5bn, making it one of the largest Spac listings ever.

Spacs are ‘blank cheque’ vehicles that raise money through a public listing and then look to buy and take private businesses public without them having to go through the rigours of the traditional initial public offering (IPO) process.

Baillie Gifford’s James Anderson and Tom Slater, who manage Scottish Mortgage, have invested around £44m in total into MIT spin-off Ginkgo since an initial purchase in 2016.

Those were valued at around £164m in March, but this had near-trebled by June after Ginkgo announced the Spac merger. The stake is now worth around £450m, approximately 10 times the trust’s original investment.

Baillie Gifford also led a $775m fundraising ahead of the merger in May, which saw Cathie Wood’s Ark Investment Management participate as a new investor in the business.

Ginkgo, a 2.3% holding in Scottish Mortgage and a smaller position in the asset manager’s US Growth fund, is the latest of Baillie Gifford’s investments to be snapped up by the cash-rich Spac vehicles. Despite warnings from high profile investors, including Terry Smith and Ruffer, that Spacs are a bubble, the acquisition vehciles have attracted $116bn already this year, topping the record $83bn raised in 2020.

At least five of the £19bn Scottish Mortgage trust’s holdings are merging or have already merged with Spacs in recent months.

Anderson and Slater declined to comment on Ginkgo’s Spac listing but have previously criticised the sector, saying many private firms that have rushed to go public in the boom of the past year were unready for the challenges of being a publicly traded company.

The pair slammed the decision of two of their other holdings, ‘flying taxi’ companies Lilium and Joby, to merge with a blank-cheque company earlier this year. The latter began trading on the New York Stock Exchange this month after merging with a Spac.

The managers said at the time they were sceptical that the public listing was the right structure to provide long-term support for these companies ‘at this stage of their development’.

In a recent webinar, Slater also warned that some businesses are not prepared to deal with a large shareholder base,

Don't worry.
I'll buy all the beers.
Only one condition-
You don't bring that Starchild character with you.

Stay Frosty.

I very much doubt the 4000bopd target for YE will be hit baring a miracle….

Its a cert....

All is back to normal.
Is this the new normal, you were more normal when you were calling Uncas a shill!!
Keep up the good work buddy....

It is pityful.

Top talent wouldn’t go anywhere near this outfit

Reassuring article, thank you.
My JCGI investment is like a yoyo...

Please don't start turning this in to a heap of childish tit for tat board.....we all want to make a profit.
Some trade, some hold but we all want the same long term.
Good luck to us all, the long and the short and the tall.

Hello Matey,
Good to see you again. Yes, steady as she goes from now on.
BPC and SXX were not good moves.....
Stay frosty!

The Chinese Gvt is not doing us any favours,
https://www.marketwatch.com/story/hong-kong-and-china-stocks-tumble-over-3-on-tech-crackdown-while-nikkei-gains-01627279259?mod=mw_quote_news

This is doing very well, doubling 5 years or less is my target.

I lost a few hundred grand on this. It took 12 years to do it and 2 minutes to realise it was over.
It was my money, my decision and my fault for getting too obsessed with it all.
At times I only heard what I wanted to hear.
Lesson learned.
Selling up was a relief, I am still working, still earning, still smiling and as fit as a fiddle.
What more can you want from life?
Stay frosty.

Wise words Linton.

UnicornHunter.
I've been unlucky....

I just put a lump in which usually means the sp drops....
Don't worry, it tends to recover after a month or two.