Member Info for Mr.Flibbles

I believe is makeup of the shareholders of GROW that this is being dragged down indirectly as a rebalance (Baillie Gifford etc...). My other two EU tec stocks are just fine. Expect a big reversion back on trend after this volatile period. However long that takes.

You mean The Times or the RNS are correct.

Suitors will naturally drop out. We are still good for an offer that does not meterially undervalue The AA.

Shaidm2 that was a pretty stupid reply. Like I said a bid considerablly under 55p would not be considered and anything under ABC average of around 45p will be a waist of time and effort.

Still have a bid price of 55p+ for any vote to go through. All must know this. ABC average in the mid 40's.

UT's are still valid trades.

OO OO your spread bet against the company is doomed. oOO OO

Pianista, glad some of us are on the ball. I don't check forums often. It is comms poor from the AA or whoever sends these RNS's out.

Terrible RNS communications!

Rule 2.8 Announcement is the one you want to read:
https://otp.tools.investis.com/clients/uk/aaplc1/rns/regulatory-story.aspx?cid=927&newsid=1418130

"For the purposes of Note 3 on Rule 2.8 of the Code, it is confirmed that TowerBrook Capital Partners (U.K.) LLP ("TowerBrook") is continuing to consider making an offer for AA, and the restrictions contained in Rule 2.8 of the Code will not apply to it. This announcement is being made with the prior agreement of TowerBrook."

I was similarly leveraged for the past 6 months and paying it off in monthly installments and have almost paid it off.

I missed this one. Indicates to me that was reason for the rise. Happy for traders to sell on Monday. I am hoping for bids next week and the bids to slowly climb 55/60/70/80/90p????

Half a million spent by a buyer today at 560.00p

Jcreek2020 don't worry about daily fluctuations. The fact that no one has dropped out indicates to us that they will not drop out now given the cost and effort put in by the bidders. The results could also be key to hold the share price up and bids increasing.

Hypothetically a worst-case scenario would be a bid of 32p by which point the share price could end the day higher at 33p in anticipation for more bids. The bidders know full well they have to pay 55p+ to at least keep the staff happy which will be a priority given their sacrifice (pension raid etc...) and good work. Then they have to keep ABC etc... happy.

Most likely to be another extension, but as no one has dropped out this is as good as a bidding war.

Quinny29, perhaps investing in individual shares is not for you. Pick a global fund like Blue Whale, Baillie Gifford's SMT, Fundsmith, Allianze Technology Trust etc...

All coming in now, Klarna Holding AB follow-on investment.
https://www.lse.co.uk/rns/MERI/portfolio-update-qytkegn5umvjdqj.html

I would not be surprised if we get news from the other excellent companies in this portfolio... MERI is probably the best in Europe, I would say better potentially than HGCapital. Another similar company is GROW that is now trading under it's NAV of 555p.

Hi Steph. Some great posts.

I was looking to top up but failed to free up any funds due to the overall market correction recently and the fact need to make a small investment into my home. Listed Private equity in the similar sectors has faired better with HgCapital powered ahead of NAV at 16% prem now and I sold out of them weeks ago.

I am guessing a bit here but looking at the makeup of the institutional holders that Ballie Gifford funds has seen the most drop and I am speculating that this has been caught up either because of the sentiment of their (and NASDAQ/tech) drop or speculatively Ballie Gifford actually rebalancing into their nutty shares that fell.

NASDAQ up significantly today bodes well for GROW recovery. But alas no funds... maybe next month by which time this would have recovered.

No one here thinks 60/70/80p is nailed on but those figures are still in the realms of probability depending on how many Private Equity companies remain in the process. The equity is relatively a small part of the overall equation and I am sure there is something the AA can do to build on its success through innovation. Motor insurance for sure given the small size of its insurance book.

...and jamesbond0071977, you perpetuating a negative stance because you are an aggrieved patrol.

I am bullish in that I believe the outcome is in my favour with a chance of a PE big more than 80% due to the fact that the PE companies spending a fortune in analysis, but I am balanced and realistic that this could fall back to 20p.

I think we can all agree that jedclampit is correct in some of his assumptions. The problem is he is attempting to influence our perceived probability of the outcome without putting a balanced view forward and recycling the same all stuff based on his position.

Merian Chrysalis Investment Company said it had agreed to commit around £23m of follow-on capital to an investment in its portfolio. The details of this transaction, it said, currently remained confidential, with a further update to be made in due course. Merian Chrysalis said the funding round saw significant participation from new investors, as well as strong support from other existing holders. The transaction had been undertaken at a valuation representing a material mark up in the company's current carrying value of the asset. It was anticipated to lead to a gross increase in the company's last reported net asset value per share of about 4.4p, which was 137.26p as of 30 June.

https://www.sharesmagazine.co.uk/news/market/7079688/Merian-Chrysali-commits-pound23m-to-portfolio-invesment