Member Info for MattTheBrave

Good article Tony, thanks for sharing. I'm very happy to let hedge funds have most of my shares if they want to speculate on a better deal being forthcoming. I've kept a few to make life interesting, but locked in the majority at c£5, which I'm very happy with!

It won't get suspended until the day offer actually goes through and you get your cash/shares.

I've sold about 80% of my position now, with the last tranche executed this morning. I think I'll leave the remaining 20% and see whether we get an improved bid from T2 or someone else.

Story in the Times that a large shareholder is accusing some NEDs as not independent give £2m of options that they get to cash in early. Could be the start of a shareholders revolt, although that could see the price falling unless another bidder emerges I'm still reducing my holding, and very happy to do so above £5. It's 100% return since January for me. Nice.

TS - I think you're too pessimistic. People didn't stop spending cause money was tight, they were just locked down. The Government and CB easing has been gargantuan, and this has created an amazing amount of pent up demand. As we see this start to appear in Q1 and Q2 2021, this will drive a recovery that will go a long way to reversing the negative effects seen so far. You'll look back in wonder at just how cheap some of these stocks became this year!

Banks and insurers, and bunch of other stuff absolutely caned this year now seriously recovering. Maybe too early to call the beginning of the next value cycle but it feels to me that many of these stocks became seriously undervalued during 2020, and those investors brave enough to dive in are now reaping the gains handsomely. LGEN definitely fits into this camp as do Barcs, LLOY, AV, Petrofac and Capita. None of them look particularly expensive here either! Onward and Upward!

Using proceeds which I Have begun taking out of Codemasters following the the bid there. I really like these low capital intensity/High CF generating businesses, with cash on the balance sheet and high, transparent and sustainable growth rates. I'll admit it's not cheap as chips at c30x, but this should soon come down as Companies seek to update and upgrade their IT. I'll buy more on further weakness.

*490, not 495.

I started to reduce my £30k position at 485p today. Just £4k as a first sell down, but will probably do more next week if it holds 495p

Wrong Board? chump.

Expected to close during Q1 2021. Whilst we might hope that shareholders vote it down, that's unlikely given management support. Best chance remains someone else coming out of the woodwork with a higher offer.

....the market is finally wising up to this stock. Continuing to smash it the pension annuity market, plus recent financial market changes will drive asset management fees sharply higher. Dividend is high (yield of 7%) and as safe as houses, and the stock is still on a single digit PE. Still hugely undervalued IMV. I hope there's others like me who have been loading up in the high 1's and low 2's this year!!

yep, nice move today, with continued support buying everytime the stock ticked down which is what you want to see. Still some way to go before some of us are back in profit (at least on a capital basis), but an excellent start!

Clearly the 'I' will dent that a bit, but also remember the 'D'. Last time it was the big write-off of goodwill which spooked the market. The statement implies this could happen again. Frankly, I don't care as I'm all about the cash generation, but might be a worry for when the full yr results come out.

Helu means EBITDA. $3bn sales and margin of 39%.

Last week has been a good start, but I'm not counting chickens yet. We now need a better forward looking statement with some indication of debt reduction, as this is what is hanging over the stock currently.

I'd prefer IG at these levels TBH.

Bid around 7x sales which seems ok, but not great for a change of control. Let's hope we see other suitors come out of the woodwork! However, if it does go through, I'll be selling down the UK share and not waiting for the US shares as my platform is UK shares only.

Fantastic Q1 numbers - no-one should be surprised, yet good old Mr Market is! It was nice of all those daft investors to pass their shares over to us below 750p in August when , to me at least, it was clear that the lack of divvy increase was prudent and temporary. The next dividend payment will rises sharply, as hellyeah is correct, this is a cash flow generating monster!! I expect to be at £10 by year end.

It hasn't been disclosed by the company ( a bit worryingly). Last 2 years it was 1 August, but it was middle of September in 2017, so who knows!