Member Info for MrMagorium

The Blackrock buy is a massive vote of confidence... I expect this should now move more quickly towards £2 now.

DYOR, AIMHO, GLA.

Strong accusation Sage, if they have taken the £1.5 mil for 'advisory fees' it does beg the question how on earth this is keeping the lights on. Someone is buying the loan notes they keep issuing, that are convertible based upon the raise price.

Why on earth would any prospective investor continue to bankroll this? Something not quite right, one would assume...

No update post 31st October - shocking really...

Another deadline approaches! ... I believe the expectation was to get this RTO over the line by the end of this month... looks like slim chance given no updates!

Years of having to wait going to pay off? Or what will be the reason for this one failing?

MCAP is around 2 mil now. Most other shells are sub 1 mil and some have decent cash. I'm not sure of BOD salaries here but arguably there are cheaper more lucrative opportunities if looking to invest in a shell.

Yep, it seems plausible to wipe circa 500mil off the MCAP for a 7million forecasting error... Doh!

Seems quite cheap, taken a small punt. Hopefully recovers over the coming weak economic period...

I'm sure an update will be provided before the EOY. But given size of transaction, not expecting completion until next year. Who knows, BOD could have a few other transactions up their sleeve, they are veterans and know the industry well... GLA!

I do wonder if there's any substance behind this jump... it looked like a very cheap vehicle for someone who wants access to a public market. Still not a home run though!!

Not sure about this one, could go under imminently, but the BOD appointment is interesting if they try and pull a RTO out the bag... they can multibag if the news is right...

Sorry Trotsky, but i'm not buying that this bank has individuals in need of a high % APR plugin overdraft.

How many people on the breadline do you know with an offshore bank account in Isle of Man? Feels like smoke and mirrors. The exclusivity surrounding the deal certainly does not help.

In terms of Revolut, I would not want to base that historic issue on it's future outlook. I read it did £1.1 billion in pre-tax profit last year and has over 60 million customers around the globe. Conister did £9.9 million in pre-tax profit last year.

There are levels, and Revolut is lightyears ahead of Conister!

I like the leadership behind Fiinu, but there's a reason for lack of information on this partnership. It's simply not a well known or reputable bank. I see no values in terms of what the profit share will be, let alone the number of people and values, which will use the overdraft plugin.

The SP has crashed for a reason today. I just hope Fiinu becomes it's own bank soon, because that's the only way this is ever getting near £1 in my view.

AIMHO, DYOR, GLA

It's a big transaction, I suspect BOD will update when they are in a position to do so. It would be great to understand what and where we are buying.

The RNS felt very positive, so hopefully some interest in the raise they undertake!

Any ideas who is keeping the lights on with this one? I keep seeing a 250k convertible loan every now and then, but very little detail on who that's from, but hopefully shows some confidence this can make a deal happen.

If the Balance Sheet give a true view, then this could be sitting on an asset worth 10x current MCAP. I see the cash scenario is tricky and further placings could materialise, but if they were to strike a JV, then what's to say this could not multi-bag from these levels?

With big risks, can come big rewards...!

Underlying, this business does look cheap, but is entirely contingent on Chairman pulling a rabbit out the hat with a successful RTO of distressed property company. I believe he can do it, so continue to hold.

Shareholders are at the CEO's mercy and I suspect even a credible bid at a substantial premium could even be rejected.

The only person getting this is the CEO and I highly doubt it will be for £1, closer to 30p in my view! Hopefully not, but past performance and the actions rings true here!

GLA, DYOR, AIMHO.

600m for just one division is double MCAP

The company is in freefall, and arguably needs some form of corporate activity to reverse this trend. I just think the decline benefits the BOD in power, so they can take it back on the cheap, like they already demsontrated with the Ingenuity carve out.

It's lost 95% of it's value since listing, but is it really 95% less business since then? Was it always just a basketcase?

Tide certainly feels like it is turning... It looks like someone is chipping away at the overhang from the last few weeks. Wouldn't be suprised to get an update soon from the BOD, or a TR-1 to confirm shareholder changes. To have a listing with a decent amount of cash, feels like a good place to be right now.

Let's hope the first acquisition is a gem! MM