Member Info for Martinigirl

Rambo23 you make a good point about the company thinking much bigger and I feel that the rns this morning demonstrates their attitude to achieving their goals as quickly as possible and at minimal cost. Why go through the rigmarole of setting up your own fund when there's an opportunity to manage another fund and develop that into the fund you want it to be. I don't think it will be too long before we see significant investment flow into the new fund and with the contacts that Chad likely has some of that inflow could be quite significant. I'll give it 3 months and expect a decent amount of aum in that fund.
As for the acquisition, I'm not concerned about the fact that the deal isn't completely done, the fact that the company is now undergoing the onboarding process is good enough for me and it is only a short wait until we see the enlarges aum from the acquisition.
Plenty more to come and I'm expecting another rns this week.

Only 3 days left in September. Gobind has assured shareholders that the company will be confirming completion of the acquisition prior to the end of September, he has also alluded to additional news on a significant development on the fund side of the business "within the month", the latter is open to interpretation, does he mean within the month of September or within a month of making the announcement? I'm now of the opinion that he meant within a month of the announcement. So as it stands we are expecting acquisition confirmation this week, the sooner the better for the market to react. By my interpretation we are also expecting the significant fund update news by end of next week. Then we have additional news alluded to by the company jn the form of key objectives achieved over the summer, could these relate to the $200 million in quotes out for consideration or could it relate to AUM and we find that on completion of the acquisition we find ourselves with over $1 billion in AUM 50% of our 2025 target and it's still 2022.
Just the random musings of someone with too much time on their hands who is perhaps reading too much into all the information they've gotten hold of. Whatever the unexpected we are expecting is I'm looking forward to finally officially knowing the details of the acquisition and also confirming that Gobind can indeed meet a self imposed deadline.

There will always be good days and bad days, that's the nature of the markets. Whilst today hasn't seen the volumes we have had over previous sessions, I think overall today wasn't too bad when you consider the wider market situation. Anyway another day closer to the end of September, another day closer to the news rich period that we all know is coming. Anyone selling now knowing what's in the public domain should really reconsider investing in the markets.

Here's my two pence worth on the situation. Market knows that news is incoming, the only guaranteed (as far as anything can be guaranteed) is the confirmation of the Guernsey acquisition and a virtual doubling of the aum at the stroke of a pen. Is it priced in? I don't actually think it is, there's been some large buys over recent sessions which haven't move the price as we would normally expect. I suspect that this is because of 1 of 2 possible reasons:
1. Secret Blue Print is right and Pello are now selling their 2p warrants from the placing and getting a 50% profit.
I'm not convinced about this option, there's been no rns confirming the exercise of warrants (I've not checked the regulations for the requirements to report but would think it would be something similar to a TR1 timescale). I'm also not convinced Pello have the available funds. They lost a lot of business when they were subject to significant FCA scrutiny so its unlikely they'll be able to get their hands on the best part of £600k to fully exercise, they could possibly drip feed £50k at a time but as I see it the price is too stable in this range to support the notion of a large seller.

2. There were 2 large buys £69k and £48k last week which caught the MMs off guard. They exhausted what they had to fill the order and then forward sold a lot that they didn't have in the hope that they could encourage some sells and balance the book. Last few sessions have seen someghing like 50 million shares or more traded, theees no chance in hell that the MMs had that many. Their ploy didn't work and more buyers appeared, the MMs are now caught offside and struggling massively to balance the book so holding in a range to try and get onside, but it's not working.
If no news on Monday I expect they'll go stop hunting, trigger a few and maybe encourage some more sells. I saw it happen in another share about 4 years ago, exact same scenario as we have here.
Key now is for Gobind to release the news, we know what is expected but apparantly we need to #expectthejnexpected. As a naval warfare officer I'm trained to be a cool calm and collected type of person, I work well under pressure and make my decisions based on all the available information. All the available data suggests big things coming and I would be crazy not to be or want to be a part of it

Thank you for your insight Bobbyaxlerod, what are your expected timescales for your 20p target? That's certainly a significant move upwards from todays price. My own personal short term target is 10p which I think is likely before the end of October should the news that the co.pany has hinted is to be announced over the coming month or so. I agree it's fantastic to see the larger volume days and even more so to see very few sells. It would seem that the large sells we saw a few weeks ago were bored investors who had just had enough of the lack.of updates from the company. Thankfully they have now sold and probably regretting that decision now that the share price e has nearly doubled in less than a month. I am.of the opinion that there will be a sustained rise (a few % daily)in anticipation of the RNS releases and then significant rises (20% or more) on the days of the RNS releases. I dont think that there will be too many sellers from now on, obviously there will be some, those that bought at 1.5p might be tempted at 5 or 6p to realise profits, but I have a feeling that those holders may just derisk their investment and remove the initial capital and leave the remainder for the longer term 20p or more. It has been stated here and on twitter that the majority (cant recall the exact figure but think it was somewhere in the region of 60%) of the shares in issue are held by a small number of people, Mark Ward, Roy Rawlins, Mr Alder and Mr & Mrs Fitzherbert all have (or held) over 3% of the company, those individuals alone account for a big % (I dont believe the latter 2 have sold just remain below the reporting thresholds) I personally hold a small amount relative to those but it's a reasonably large amount and it's not for sale. I'm now part of the telegram group, which has 45 members all.of whom I believe to be long term holders, if on average each holds a similar amount to me then that will account for around 90 million shares, I think it's probably a lot higher than that but I would rather be conservative. I dont know if any of the above names are in the group (it's highly likely they are) then my conservative estimate is very conservative but it goes to show how few shares are likely to me available at any one time just from that group alone, then theres everyone else who sees the potential. My short term expectations could be way out and Bobbyaxlerod more accurate. Either way the large holders and buyers are going to make life changing money, the rest of us are just going to make a lot of money

I'm not convinced the fund development news will be this month, the language used is open to interpretation and possibly an Ameicanism, I'm happy to be proven wrong but that bit of news could come in first 2 weeks of October. Still got acquisition confirmation and achieved key objectives to come.
The £69k and £48k buyers were keen to get in last week and paid a premium to do so, I know it's said that the company keep a tight ship but where multiple parties are involved there's always the possibility of information getting out there, perhaps that's the case here.

£69k is most certainly a hefty investment. What's more interesting for me is the sustained buying from the open long before the large buy was published. The message is clearly out there. Whoever bought the £69k is most likely an investor, so that is another near 2.5 million shares that wont be available. Will the momentum continue tomorrow? Mozax alluded to someone in the know, will the first piece of news come tomorrow or possibly Tuesday which is why they were in a rush to buy such a large quantity and pay a premium for the privilege.

The market needs traders as much as it needs investors. Every buyer needs someone to sell those shares and the market makers make their money because of it. Unfortunately the market makers aren't doing their job properly here, the ridiculous often outrageous published spread is not truly representative of the actual market for the shares and is misleading to the point of being fraudulent. We are approaching the end of September and sadly have 1 less day of market being open. Theres essentially 11 days left now at the most before we get closure on the Guernsey deal and if my interpretation of the wording in the last RNS is correct we have the same 11 days before finding out about the significant fund update. I also note that my time at sea seems to have coincided with the disappearance of a major detractors.

Great to see a positive move upwards following the RNS. I was surprised as I thought that Danny Swicks departure would be seen as negative but thinking about it now that the direction of the company has changed to prioritise the insurance side of the organisation it makes sense for him to move on to pastures new.
The content of the RNS is intriguing, the Guernsey acquisition is still on target for completion by month end, although I would hope for completion next week. Gobind mentions that they have "had a busy summer and have successfully executed a number of key initiatves" I wonder if these are related to the $200 million in quotes they had out for review? If so it could be another good number added to the overall AUM. The most intriguing from my perspective is the " We expect to announce a significant development within our Fund management business within the month."
That's a rather bold statement and suggests that something big and lucrative is to be announced.
I'm amazed that people have been selling into the close today knowing the above.
It's been an emotional couple of days for me but heading out to sea tomorrow for the weekend to clear my mind.

Daisy, you do not bring balance to the board, you bring negativity, nothing more, nothing less. I cannot recall, in recent times,you having made any statement that is positive towards your investment. Some time ago, around the time the Guernsey acquisition was announced, you were positive about the company. What has changed? You talk about £50k of sells yesterday, no mention of the £50k of buys the day before, where's the balance? The others are as guilty of not providing balance with the continued positivity, but that is what I would expect from anyone invested. The true balance comes from providing relevant discussion points based on facts, research, due diligence.
The value of the fund is a matter of record, the returns have been published and are available for anyone to see. The fund has out performed the S&P 500 ytd by a significant margin, proving that uncorrelated investments are indeed a good and wise investment for a balanced portfolio. You ask why the company can't provide the value of the fund. I suggest to you that the company has provided the value of the fund along with the fund performance since inception. You just have to look in the right place, which isn't difficult in this modern day and age. All you need is the name of the fund and an internet search engine, along with the ability to type on a keyboard. No need to visit a library and trawl through publications from various sources. It's all there at your fingertips and available in a fraction of a second. You just need to be willing to type in the question and ask the search engine to do the work for you.
Are we due a trading update? Possibly, I'm not sure when the last one was exactly but think it was possibly in June when we had the Q&A happy to be corrected on when that was) but I'm more than happy to wait for the next trading update to come as and when the markets start to improve, most likely September, as is traditionally when things start to move forward following the summer months.
As an aside, if you're prepared to work that little bit harder then there is so much more information out there, specifically related to the acquisition. You just need to be prepared to do some old school research rather than expect to have everything spoon fed. Feel free to continue to moan and be negative, or do some old fashioned grunt work and get some answers and maybe even some information you didnt know was out there. It might just change your mind and your outlook.

BOAGF is providing some decent returns too. I expect they will be winning some more Barclays Hedge awards

What a pleasant surprise to check in this evening and see a nice rise in the price. Lots of good sized buys which would indicate to me that a number of people are looking to build / increase their positions here ahead of the anticipated acquisition confirmation. Company have said they expect the regulator to provide approval some time this quarter. We are now approximately halfway through the quarter so the approval could well be granted anytime soon. Just 12 months ago before this acquisition was announced the price was around 4p, what value will the extra $350 M in AUM bring to the table? It's a doubling of AUM, should that equate to a doubling of the share price?

Steve was my last posting before my command course. Didn't have too much liaison with the crabfats, Buccaneer was a great aeroplane to work with on exercise. Spent a lot of time ik my early days with the roof rats on the egg whiskers but never got close to a Bucc on the ground. Later days the buggers used to test us out and dis a mighty fine job but we survived. Was talking to a ship mate not long ago who reminded me that the bucc was still in active service during GF1

One other thing Daisy, whilst you clearly have no respect and want everything given to you on a plate, i will be the better person and offer you something. I suggest that if you want some more news that you do some digging, EVERYTHING that the company is likely to release either via an RNS or via social media is actually out there if you dig deep enough. It may take a few hours effort on your part but it is all out there on the world wide web. When you find it you'll probably end up buying some shares and be a little more positive about the company.

I dont understand the correlation between being a Royal Navy Commander and cleaning Gobinds shoes? Have you no respect for those of us that have served?

Here's the link for you Daisy, I'm on after around 7 minutes
https://www.gradcracker.com/hub/138/royal-navy/videos/2362/officers-and-gentlemen-brnc-part-1-militarisation

I've told you on numerous occasions who I am, if you're particularly interested you can do a Google search on a bbc documentary from about 10 years ago on the training of Royal Navy Officers at BRNc, I appear in the first episode asking one of the new officer candidates a question, (the only female officer asking a questikn). Looking back not particularly proud of my hairstyle at the time but it was of its day, so no I'm not raaydaar, as you claim not to be others with a similar style

* after my time

I don't need to post my workings out, my mathematical abilities are perfectly adequate for what I need, they're before my time but likely relevant to you, but anyone with a GCSE in maths is able to look at the accounts and see clearly that this ckmpanybis undervalued.
Your posts, whilst factually relevant, simply because the company hasn't "tweeted" in a couple of weeks are irrelevant and designed to do nothing more than spread what my children would call FUD, which I'm told is Fear Uncertainty and Doubt.

Company have better things to focus on than providing the occasional snippet of non essential information over social media. What would you like to see on twitter, LinkedIn or the facebook Daisy? Should they be doing tiktok videos? I would rather they focus their attentions on the day to day business of increasing the funds and securing the Guernsey acquisition. If raaydaars friends and family have increased their holdings to the point where it becomes notifiable then that's fantastic, it's another TR1 and another minimum 3% taken out of the free float of the shares in issue, not something one should moan about because raaydaar would look like he is in the know, rather something we should celebrate because they have confidence in their investment and if it is, then it doesn't make it look like he is in the know, he ACTUALLY IS IN THE KNOW and that gives me confidence in what he posts a great deal more than your contributions to the discussion which frankly have no value whatsoever.