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Topped up - gla

Re-reading the recent RNS, Sale of Accredited in Q2 - so anytime from now until June

They say that the Legacy Plan outlined in the December Circular RNS remains achievable (although may take longer to fully implement)

and this from the Circular:

The non-life legacy market is significant and growing, with total global reserves estimated at $960 billion in 2022, an increase of $96 billion from the previous year1. R&Q has a strong pipeline, with identified transactions comprising over $850 million of reserves, including three deals in advanced stages with in aggregate over $100 million of reserves. Going forward, R&Q will continue to focus on transactions in the small to medium size range, where competition is less intense, and to offer compelling finality solutions for corporates in the US, UK and Europe. This follows R&Q's landmark deal earlier in 2023 to invest alongside Obra Capital, Inc. to acquire and professionally manage the non-insurance legacy liabilities of MSA Safety Inc. This strategy, alongside Gibson Re, will generate fees from two distinct but complementary pools of liabilities: traditional insurance reserves and corporate non-insurance liabilities.

Imo I don’t expect the price to remain at these low levels - been in my watchlist since February was tempted @ 7p plus then and it must be galling for the good people who were buying this time last year when it was over 70p - it looks like we get several RNS’s a month average also - gla

IMO it is a good buy in price, possible break out, bought this morning - gla

Dividend RNS 16th April, there was this:

"Post payment of the dividend Seed retains in excess of £4m in cash and we continue to seek opportunities that we believe could see significant returns for our shareholders. We look forward to providing further portfolio updates in short order."

RNS - so they have bought another tranche of their own shares again, that will be the 365000 shares @ 11:35 this morning

I can understand long term investors taking a profit on their shares bought at 2p-2.3p before the dividend RNS, however, I would guess this does not equate to the 1p dividend you will only receive on every share you are holding or are buying/holding shares by the end of today, latest

If that is true and apologies for my error, then that compounds my interest, thank you

I have never bought Investment Trust shares before so not sure how the share price works but equity stocks with this low volume of shares in issue, together with progressive buying and on top of that company buying their own shares how can it be only 3p now, let alone tomorrow? - if this slow rise is natural for this sort of stock surely it works the other way?

The possibility of going private however was indicated to be in 6 months from RNS (March) anything could happen between now and 5 months time?

Reading SmartMoney's post

Topped up, looks like a 100000 buy order followed mine also, small float, interestings - gla

I have been in and out of this share since the IPO, keeping a close eye on this one and also, on the same theme, researching SEED (investment trust) this evening - special dividend

Also great that being an Investment Fund you can still trade the same way as an Equity and also ISA tradable so no tax on your dividend - gla

Plus they have just taken away 10m shares away from the market, so less in issue for us to buy, but a buy all the same so you would think the price will go up?

However, at the moment this will be day traded - the General Meeting regarding the proposed delisting etc is not scheduled until JUNE

In other words Petro, 'I have shorted' - you never say anthing positive on any share, sounds like you are nervous

I looked it up on yahoo finance and they state just 54m Float

Trying to find out the float - getting a figure of £168m - is that all?

I have been in this share for several years and agree with many of the comments...however, it is now at practically the lowest I have ever known it to go, drilling season has now started, yes we now have a few more shares in issue but it is still just over 300m and the float is approx. 195m? - If you have been here long enough you will know that when this moves it can do so at quite a pace, regardless , any good news or even a hint of anything positive going forward this year and it will not be under 2p for long - imo obvioulsy - everything crossed for 2024 season - gla