Member Info for machin

Nolupus,

Contrarianism is good. I am a firm adept.

It has served me well with GLEN in 2015 and superbly with INDV in 2018 and MRO in 2020/22. For balance, IRV in 2018 is best forgotten, that was very painful!

May the luck continue here with IMM.

Best,

🐸

Ouch!

Well, we will have to change the way we declare our “returns of capital” then.

Personally, I could have done without this this year as HUR acquisition by PRAX was mainly settled via dividend payments. No 8.75% for me I am afraid, but 33.75%, if lucky, on an extra 5K, bvgg€r!

Till now I relied on DEC for best income but that has dramatically changed recently, as TerryM1 would know. I still have PHNX and MNG amongst the most generous.

However, I am happy to remain invested here. I even increased my holding when the SP went below 400.

GLA

🐸

Hello Nolupus,

I like to read your posts, especially the (numerous) dissenting ones of years past, and current, as they make me pause and think.

It appears to me that you and Tim are enjoying a better time on this BB.

All the best,

🐸

Hello dallo,

6p is on the horizon, a precursory pre-dawn faint glimmer is awaiting.

All the best,

🐸

Hello Goldgirl,

I am afraid, you have wrongly read my comment.

Although I stand by what I wrote, it was not aimed at you.

The lay out of my message shows a line after what was addressed to you and the following comment(s) starts by "In general,...."

Hoping this clears the air.

Meanwhile, I wish you good luck in your ventures.

🐸

At GoldGirl, you got it, girl?

-----------------

In general, If I find someone too dense, I move on to the next comment. I do not feel compelled to demean or otherwise. Ramper/deramper(s) are equally ignored.

I am a LTH who have not commented on individuals from IMM’s BOD and fortunate enough to have been able to heavily average down in November 2023 from 158.47 to 4.84p. The latest SP rally make me feel more comfortable but my view remains the same, till trial, this is still a gamble.

GLA

🐸

* arrive

** GAOTU

Forgive the sins of my keyboard!

🐸

When did the good new Preacher arrived in our house?

So full of compassion and something kind to say to all.

May the GOATU have mercy on us.

🐸

Hello all,

I fully understand the frustration of LTHs in respect of the depressed SP, I am in such a situation elsewhere.

However, in my view, there is an opportunity to follow TB & Co. in acquiring some shares, at the latest same level or below, funds permitting of course.

In that spirit I have added to my yesterday’s initial entry.

Those who complained that the opportunity to acquire shares at 1.5p was not available to them when TB & Co did, can do so now, even at a lower price.

On this point alone, the complaint about abuse of market would fall away, in my view. Over other trickeries it might be a different matter.

I am not defending TB, I do not care about him one way or another, but, as an investor and at such SP level, I feel there is an opportunity to make some good money here. After all it is the goal while trying to be generally as emotionally detached as possible.

GLA 🐸

Hello all,

I have been watching this stock for over a year.

In a leap of faith it took a position this pm and entered the fray.

GLA 🐸

My simple logic is as follows.

Since Capital Loss/Gain within an ISA cannot be taken out/transferred from that wrapper, a DCU (deferred consideration unit), in layman term a postponed/delayed payment - nothing more nothing less, must remain within it.

Just as in the case of a normal/regular acquisition, the end game being the same.

Well almost, in our case it is we liberate the company from you, you pay!

Best, 🐸

Hello Corryvreckan1,

The DCUs entitlement from my ISA’s holding has been transferred and consolidated with my share dealing account before October 1st payment, adding 20%.

Therefore, I will subtract the same percentage from the DCU’s payments for Capital Gain Tax purpose.

In my view, following simple logic, the proportional DCUs payments (20% in my case) must be offset against the Capital Loss "lost" on the ISA’s holding.

It is what I meant by doing nothing over the later.

Best, 🐸

Hello NMBS,

Here is my personal position and the way I will submit it to HMRC.

The initial purchase settlement from PRAX of 0.83p will be treated as Capital Tax Gain/Loss, most certainly a Loss in this instance, to be offset by the Capital Gain from the DCUs payments in the same year; 0.309p in October 3023 and the next one to come next week, yet to be declared and if settled before April 6th next. In respect of HUR/PRAX the end result will certainly be in the negative, to be used towards other gains from elsewhere and/or carried forward towards future tax period(s).

Bear in mind that the other payments were made under the guise of dividends of 5.19p in total, which are treated as income for tax purpose, albeit at different rates; therefore cannot be used against the above losses, alas! (All amounts are per share)

This applies solely to my ex share dealing account holding.

In respect of my ISA’s I shall do nothing.

Best, 🐸

Hello TerryM1,

Done! I followed the 722 before me.

Best, 🐸

Hello RR.

I join all the others to send my deep gratitude.

My very best to you, 🐸

Hello all,

I shall not part with my holding or any fraction thereof!

Let the consulted “Chosen ones” do so, if they wish.

Meanwhile I repeat what I have already said about BBs in general and this kind of tender offer, and the resultant increase in earnings per share. Far too often there is a direct link between EPS and compensation for many executives.

Put bluntly, the “returning cash to shareholders” refrain and ensuing “enhanced value” to us put forward by BODs is an euphemism for lining their own pockets.

GLA 🐸

Hello all,

I am sick and tired of BBs under any guise, as the tender offer here.

BBs DO NOT improve the share price as they seldom cause a betterment of SP due solely to them. Only the MARKET decides the fate of the SP depending on black swan event(s), optimism, speculation, sentiment and/or mood. Stocks are consistently under or overvalued compare to their respective NAVs.

There is always something else that would depress the SP or trigger a rise; this being the very nature of the Market

BBs, in my view, can only be beneficial to whom remuneration/bonus or other consideration(s) are based on EPS.

If monies have to be returned, I would want it in cash for me to do as I wish, increasing my holding, buy sweets or whatever.

They will not get any of my shares!

GLA 🐸

Hello Davidspellacy,

I agree, here is my earlier post of 16 Feb under RE:Tender Offer

“BBs, in my view, can only be beneficial to whom remuneration/bonus is based on EPS.

Shares consolidation is another obscure concept to me as I seldom see a betterment of SP due solely to it. Of course, as before, it would be of great value towards any EPS consideration(s).”

Best, 🐸

Hi againTerryM1,

The Oak Bloke musings are based on different situations, conjectures and asset-based considerations; which on paper may have some merits.

As an example, in an ideal world, a 10% BB should be reflected by a same SP appreciation; a £1 share would invariably be at £1.10

However, the Market does not follow the same logic. On 16 Feb under RE:Tender Offer, I made the following comment: -

“Only the MARKET decides the fate of the SP depending on black swan event(s), optimism, speculation, sentiment or mood. Stocks are consistently under or overvalued compare to their respective NAVs”

For the time being, we are all aware where the SP is at; this is the real state of affairs.

All in my view.

Best, 🐸

Hello TerryM1,

I do not see how BBs would have an incidence on NAV.

NAV, or rather asset(s) based value in respect of a company, should remain the same, irrespective of the number of outstanding rights, as opposed to its market capitalisation which fluctuates and is determined at any given time by the SP and number thereof.

As for dividend savings, as a company is obviously paying for BBs, it is simply akin of amortizing our individual acquisition(s) by dividends received.

All in my view.

Best, 🐸