Member Info for Malvolio

Https://www.lseg.com/en/media-centre/press-releases/ftse-russell/2025/ftse-uk-index-series-indicative-annual-review-changes-june-2025

Me too. But it's taking longer than I'd like.

Interesting Times piece (£) last Thursday suggests - very tentatively - that political pressure on Labour party in Scotland may ultimately force rethink of ban on licenses for new oil and gas drilling. ... " there are tentative conversations in government — let’s put it no more strongly than that — about whether it is time to think the unthinkable and reconsider."

https://www.thetimes.com/article/6feeee56-fb01-4548-bcaf-a043cf61662a

Saba defeated 64% to 36%.

Assuming you've already switched on your general voting facility, open up the relevant account, go to portfolio tab, then manage, then voting

And how much of that 30% rise is down to Saba's approach? There's a real dilemma here: yes, this is a smash and grab raid by a bunch of corporate Bengal Lancers. But the alternative is to vote for a management with a dire track record in recent years and offering no obvious route to a recovery. Yes, this is a long term investment but there are limits to people's patience.

The video shows a lot of gear producing a piddling 2 kilowatts. Not exactly Calder Hall, is it?

Swazers, this is shockingly bad stuff. You appear not to have noticed Newcrest's takeover by Newmont, nor Newmont's sale of Havieron/Telfer to Greatland.

If you strip out the charting gobbledegook there is nothing left. And you then complain about "anonymous 'experts' who live in caves."

Thanks, StarBright - appreciate someone trying to provide a balanced view.

I'm with II. Primary Bid used to work via a phone app but no longer appears to do so. Apparently II emails its existing GGP customers with details of the offer, then we take it from there. (From what I remember it was a pretty rubbish app anyway.) Don't know what non-GGP II customers do.

Hi Dip - Why are most expecting a deal before the end of the year?

I think that Newmont CEO Tom Palmer said some time ago the divestments would be in sequence, with Australia being the last in the list.

Then in his July earnings call he said the American divestments process was approaching the end of the first phase of a three-phase process.

One of his sidekicks also said they expected the divestment process to be completed by the end of March 25. None of this suggests a Telfer-Havieron sale is imminent.

The P crowd have been and gone. The D crowd are on their way.

This Supreme Court ruling looks alarming - see BBC news pages

Https://www.heraldscotland.com/news/24293100.entrepreneur-buys-gas-storage-assets-amid-slowdown-offshore/

Agree about the strange language, particularly the phrase "significant option value." Is it possible to sell on a ROLR to a third party, maybe as part of a JV?

GBG price was in the 400s pre-approach. It went briefly over the 600 mark before the Yanks walked away. Don't know what put them off.

The Business Desk, October 2022:

US private equity firm GTCR has decided not to bid for Chester-based identity verification specialist GB Group.

It confirmed today, ahead of its deadline to launch an official approach, that it was no longer interested in acquiring the business as part of a cash bid.

Shares in GB Group rose 10% when the potential approach was first revealed on September 6. They fell more than 20% today after GTCR made its announcement.

The GBG Board said it had early-stage discussions with GTCR in respect of a possible offer, but agreement could not be reached on terms.

In response to today’s announcement, the board said it believes the company has a long runway of sustainable growth opportunities underpinned by supportive structural drivers such as digitalisation and an ever-increasing need to protect against fraud.

Point of detail on ROLR: Does anyone know if this comes with an obligation on the part of the seller to accept the highest offer? If you are selling a house and someone offers a smidgen over the next-best bid, you may well turn down the highest offer for whatever reason - you may not think the bidder is good for the money or you may simply not like the cut of his jib.

More like 4.7 million shares - dollars not pounds

LM, you are spot on about the glaring absence of a steadying RNS from SD. That's the strangest feature of this affair - loads of stuff about the resource methodology, but not a word about our majority partner heading for the exit. Not even a bland "positive development ... removes uncertainty ... confident in the future." Makes you wonder if GGP were caught on the hop.