Member Info for MickR

I thought there was a big buyer around. HSBC!! Boooooom.

Alchemy, show us your hand: https://www.alchemypartners.co.uk/investment-approach.html

This is not for trading. NT to buy most times.

Someone is loading up here. 2m the other day and now 1.6m.

The next RNS will be telling IMO. Wonder if Alchemy is loading up all the cheap shares in the freefloat before showing their hand. 40p a share mandatory offer for whatever they do not own.

I can dream!!

I cannot see the 1% JB print today? Surely he hasn’t stopped his dumping which would nicely coincide with the rise today?

Yes, shares cannot be alloted below par value which is in this case 5p.

I doubt shares are being forward sold under 5p as that would be at a loss assuming there is a fund raising at 5p. Let’s see what tomorrow brings.

alchemy, show us your hand. Expecting fireworks soon. 7p then 10p
DYOR

Hope you are enjoying the rise today :-) well deserved after all the bashing last couple of days.

Hold tight folks !

The next RNS (s) will be revealing. Who bought 2m shares yday at 5p? Is another big order being worked at 5p today?

donotpanic,

Unless Alchemy make a mandatory bid before any fundraise. They backed the £1.3bn failed bid of Provident, so taking out NSF at 40p a share and the debt would be pocket change to them IMO for such a viable business.

DYOR

Alchemy has previously been touted to make a bid for the rest of NSF and I would not be surprised if one is made now: https://www.thisismoney.co.uk/money/markets/article-7428211/MARKET-REPORT-Takeover-rumour-lifts-shares-predator-Non-Standard-Finance.html

It paid 40p for Woodford shares so that would be a great payday for us pi's buying at these levels.

DYOR

This is an excellent research note published two days ago which should answer all your questions Faz https://www.hardmanandco.com/wp-content/uploads/2020/07/NSF-June-2020-results-13-July-2020.pdf

21p target price.

Massive 2m buy, TR1 or bid if Alchemy?

Faz, this may help answer your question https://www.nasdaq.com/articles/subprime-lender-nsf-in-talks-for-equity-raise-sees-loan-book-steadying-by-q4-2020-07-15

Long and strong.

Hillman,

I have over 400,000 shares bought with profits from other shares.

Have a good evening.

Who remembers the bounce from 5p to 8.5p on the Thursday, then 13p close on the Friday and 19p on the Monday? That’s how fast this can move.

You either hold and ignore the daily swings or drops if you have done your research and believe in the prospects of the company or you sell and chase rainbows elsewhere. Just remember JB turned down 21p, said it is worth five times that and floated the company at 285p two years ago.

I have an average of c. 10p and although I am down 25% as of today, I strongly believe the SP will rise again over 10p in the very near future.

What a great buying opportunity at this price. This will bounce hard when news lands IMO.

De-rampers want to take it down to 5p so that they can ride it again to 20p.

Mubadala Investment Company TR1 awaited and other news.
DYOR

Holding long and strong.