Member Info for oldabutnowisa

Hi 993444 and thanks for posting. I think I have come across you on another of my 'flutters' but not sure. Your view on PAT is about same as my own but was short of readies when I came across this so have only a few hundred quid in right now. Only four others in the Fund and none have met the initial sale criterion I have set (+150%) although two have come close only to fall back. Most of my investments are in boring UTs and ITs with a few individual stocks. Much has been held for years, and this sort of portfolio is not doing well now, which is why I thought of the 'Flutter Fund'. I took a sizeable chunk out of the market some six months back and quite pleased I did. Extending my house too and then probably waiting a year before probably selling (if still around!) It is all a strategy for the one and only (autistic adult son) so I regard all of it as though a trust fund. I am likely to add to this on news as & when. Regards, Olda

Held these and Dunedin Smaller for Decade or so. Thought they would merge up on the Standard takeover. This is really small now in terms of Aberdeen Standard. Not that there will necessarily be anything much in it for the savers. Perhaps they will get this bigger instead by making a 'C' share issue with attaching 1 for 5 freebies. Not impossible, but I'm not holding my breath. I am surprised though that AS has not cut down the number of ITs.

'Growth in UK build-to-rent' Very interesting although does not tip individual cos. Finishes: '17% of schemes being planned or under construction including houses, not just flats' Is this the next step for WJG? Not as lucrative for them as just flats and would be more suited to out-of-town-centres but in the right location might get planning permission for sites which might otherwise prompt refusal. I expect they just want to stick to what for them is a winning formula. But it does exclude expanding families.

O k so now I am on board I have been thinking through likely scenarios: 1) Nice and easy (unlikely in real life!) State Govt grants the mining licence in the next few weeks with no need for PAT to go to court again. Tranche 3 becomes payable at 65c per share and, in theory, SP should at least double. PAT have already said they will concentrate this year on maximising their smaller stakes in W African cos. I would expect it to be too early to do much except plan for the main helping. Might cash in on the publicity by raising the cash it will need by means of a Placing. 2) State Govt does nothing. The Court Order (which I have not seen and probably could not decipher) indicates that PAT has leave to reapply if State Govt refuses to grant the licence and indicates an apparently non-mandatory timeframe of 3mths which expires about now. So how long does PAT wait beyond the three months and if there is no actual refusal, what can they do? We are not told but as an English trained lawyer (retired!) my best guess is at a certain point (6mths?) make two alternative applications to the court - the first asking the court to order by injunction that the State Govt decide one way or the other (retaining the leave to reapply if they refuse the licence) - the second requesting the State Govt to give its reasons for delay and a final decision date or face a substantial fine for contempt of court. By the time PAT has waited, and sought specialist advice and made the applications and got a hearing date, we could be into 9-12 months delay. Of course, it is more or less in the price (and massive spread) at present. Option 1 will see a quick jump, probably followed by a dip on the expected Placing. Option 2 will see the usual AIM drift, possibly with a tighter spread as time goes by towards a resolution and it becomes more well-known as a casino chip. AND Jolly Good Luck to us all !!!

My local knowledge is so old as to be worthless and I have never been in estate agency, but Bassi and his gang seem to know the game. I agree they occasionally take on offices that are, shall we say, not in the top flight but seem to manage to keep REI showing a decent return. Things may well not be so easy if the Brum market turns. I just wish there was a decent market in the shares and I wasn't sitting on a 20% capital loss if I sold.

Happy birthday Bythesea and may you have a nice week (and come back richer!)

Greetings Bythesea, Bloody awful weather here in Bournemouth. Hope yours is better. I have got so frustrated with the four in my Flutter Fund that I surfed for another and came up with PAT. What do you think? I now have five but only a smidgeon of thesecompared to my others. What interested me in PAT was that everyone seems to want to develop this mine in Rajasthan and they have had a long battle (nearly over) to get the licence. Expect it will get bogged down like my others but that (sadly) is what you have to endure with a Flutter Fund. Agonised about SQZ before the figures, did not buy and missed the boat! All the best!

In 2016 it was 4 May, last year 23 May. so could be fairly soon, but judging by market activity, not many punters actually care.

Broker tipping rise to 41p it said here! Not sure how long we have to wait but as long as my health and sanity holds out I'm in for this ride. Just found another possible and added an initial flutter. Checkout PAT.

I'm on board with a tiny holding for now. SP is edging up today and the three months are up for the Govt to grant the licence, so PAT will be getting itchy feet unless they have a whisper. Bearing in mind the price of the next Tranche, I figure if I don't have a few now, I could regret. The fact that the local State govt really did not want PAT to mine here and the competing parties is indicative that it is known to be highly prospective. Oh well, time will tell!

when seeking another candidate for the 'Flutter Fund'. I have poked in a cheeky limit buy for now and we'll see. Seems perfect gamble and timing.

Hi Tidd! Yes, you are definitely as frustrated as the rest of us - that is only natural. The only consolations: 1) The asset is safe and unlikely to deppreciate 2) Offtake deal may be announced first 3) If price dives, can always tuck more away 'cheap' (whatever that means for you) 4) In the meantime if you have already sold the wheels and remortgaged for this - you may have a while to pray!

2019: I can remember the time when not a soul was touching 1Spatial for less than 3p!!!

Brainwave: Lets all encourage supertroll quisad and see if he can get a retrace to 7p. Then we can all pawn one kidney each and pile everything in for the rise to 30p+ when MAPA is announced in May and the massive orders mean their quota for this year is sold and they have a wait list for 2019!

Offshore co so unlikely to be creating a tax loss. Conclusion: Lining up for takeover event or expecting good stuff. So if that is a reasonable conclusion, why sell?

arsenal58 - right about PCA but... Rule1 They only get bid 4 AFTER I sell out!!!!

Hello? Another YP/Quisad multiple deramper! You ignore all the positive stuff, like your brethren and make your position look persuasive, but the cash generated by first customer is financing ongoing cost so there is still liquidity there. It doesn't take much to get a sell-off in these so can we please keep POSITIVE!

with lack of interest since new quote. Will wait for figures (and possibly after they go ex-div) and if no real progress, may admit defeat!

You are right and that is why there is a limited market in RLE. But they have shown themselves skilled in renegotiating leases etc so not unduly worried. Also nothing in the SP for effect of next big Games taking place in Brum in 2022 which is likely to have some effect on demand for city centre space, advertising in programme etc. Staying put but do wish the spread wasn't so awful!

4unme - mine is now 3.95. Bet I.m still underwater in 3 months!