Member Info for MattTheBrave

...why this is down 5% today? Can't see any news.

LGEN way too cheap for me. I honesty can't see any real threats to (albeit modest) growth, given the retirement tailwinds. 7x PE and 7% yield will certainly do me!! I actually shifted one third of my LGEN holding into AV at the end of 2019 which has outperformed LGEN by c25% since. Switched just over half of it back on Tuesday.

Yep - hopefully up on that today. Mind you, I think the lock-up only lasts till August, so we might see this again before too long!

You don 't think she gets enough salary to pay the bills the? Seems a bit unlikely.....

The price will basically determine where we open tomorrow. If it's got a 4 in front of it, I think we'll finish tomorrow up. If they do what they've done before which is 10%, then that's 375, and I think we'll be down. BTRW, Poppy selling out isn't great. Just how much confidence should we have when the CEO is cutting her stake. It reflects someone who feels the need to reduce their exposure, and it just happens to be the person who is best informed to know what the risks are!!

....got back to £43 I sold it at a year ago!!. I always thought 20x earnings made more sense than 30X, and we're now back to just over 21x. I don't think I'm going rush back in here, but below £40 would certainly make it start to look interesting again!

Around the end of 2019 I traded around one-third of my LGEN holding into Aviva thinking that the valuation differential was too extreme. Aviva up 4% since then but LGEN down 20%. I've switched about 60% of my Aviva holding back to LGEN today, and will do the rest if the price differential widens another 5% from here! The bulk annuity and asset management arms of LGEN continue to grow and be of high quality whilst 8xPE and 7% yield are just too cheap!

And there you have it. The larger lady has finished her last warble and is exiting stage left. A complete shambles, but one that was increasingly likely once it was clear that the EBITDA was never going to exceed the interest payments given the growth of revenues. Those PIs who learn the lessons here will be better investors going forwards, though admittedly, that's a very scant silver lining behind a humungous black cloud!!

Re GKP - I'm not a holder, but looks like the RNS on 11 April was simply the vesting on nil paid bonus shares, with a proportion sold to cover he tax liability - pretty normal event seen widely elsewhere - what didn't you like about it GS?

Dan, you're right - I hadn't heard of a PP before - everyday' s a school day I suppose! So, do we think that the management will buy the Company on the cheap, or just that the debt holders have finally pulled the plug and will try and get what they can for the assets?

They couldn't even manage their liquidation properly! In March we we see a notice saying Solus has no interest. Then on 13 April we get this happy-clappy announcement from Avanti saying all is well, we've just done another massive debt-for-equity swap, Solus is now a principal holder, and ending with 'Avanti will continue business as usual, but with a stronger balance sheet. There will be no change to the Avanti team or Avanti’s business activities, assets, and technical capabilities'
Then 6 days later, the administrators are called in!! What a disaster!

Well Toffee - perhaps you would like to point out where this 'old chesnut/tired cliche' is wrong, if you're ably to find time between your paroxysms of rage.....:-) You seem to be head over heels in love with the (incredibly expensive) US market which happens to be the largest in the world, so I'm sure they could accommodate your portfolio. You could find a US-based chat room to post on as well - why should we be the only ones to get you inciteful and evidence based postings?LOL

Hey Toff - so why are still here invested in UK stocks? No-one's forcing you to invest in the UK, or anywhere else. Why don't you just sell and move on so we don't have to listen to your paranoid whining based on zero evidence. And just to be clear, I am not complimenting you on your post(s), but criticising, - however, they don't give us a down tick option.....;-))

Institutions sell now, with a view to buying them back in the BB at the discounted price needed to fill the book.

Sheltie - it's not a diluting event - these are not new shares, but existing holdings.
The size of the move today does make me wonder whether the book build has started already, and institutions have been dumping as a result.

Toff - re your post at 4pm - The main reason why the UK has underperformed is because it is bereft of the sectors which have flown (Tech, biotech, other high growth) and has huge weightings in underperforming value sectors (Oil, commodities, banks, insurers, pharma). Also, Brexit has not helped (you even gave that reason yourself!). It has fared considerably better since value stocks began outperforming this year. I'm quite happy that I've done my research before making my assertion, thanks. :-)

KOTB - Placings don't have to be new shares. Indeed, I believe that a large proportion of the DT placings so far have come from existing shareholdings where a lock up has expired, just like this one.

Sorry - try to make that clearer: They aren't being invited to buy (that's for institutions only). They are simply being invited to be part of a book build as sellers in order to try and clear any back log quickly

They aren't being invited to buy (that's for institutions only). They are simply being invited to be part of a book build in order to try and clear any back log quickly.

Toff - Disagree. It's just a group of buyers and sellers trying to value companies and cash flows, but with extra volatility added through the lenses of fear and greed. Frankly, it's the same as any other market!!