Member Info for oogleflugal

All shareholders tookpart. It was scaled back because there was an over tender of about 4 milion shares. Harwood and Astra Zenica should notify. all the directors took part too . Am expecting a slight drift before January trading update. Probably wont sell anymore because you never know when a bid could emerge. Ready to buy more if it doesnt though. The medium term future looks very good either way. Could be another dividend next July and more cash back. Youd thinkit would induce a buyer by then

In 2017 Nigel made the statement ‘I am determined to reward the patience of existing shareholders and reward new shareholders’ in this much undervalued company. That was 10 years ago. Yesterday he makes an almost identical statement. I suspect those share holders have actually been rewarded with dilution and dwindling assets. This has to be the final throw of the dice. You can fool the market some of the time. So any idea that the never made a dime company in its 10 year history is in anyway undervalued is absolute hogwash. It does look more promising than it has ever done possibly , but the bar is low and the investment in it over considerable period means there needs to be a substantial pay off.

One of the better performing Japanese trusts but still not that good. They all seem to underperform the Nikkei. Not quite as badly as Ballie Gifford though . They have especially untalented fund managers. The Japanese economy and stocks have performed quite well better than the uk. No idea why the trusts are so poor . Risk seems disproportionate so will steer well clear

Encouraging to see Downing have taken their position up a notch to over 5 per cent, as the SP continues to languish in the bargain basement level

Luck Andrew Grant inheriting over a million shares. Won’t have such a big IHT bill thanks to the performance here

Encouraging performance. Maybe a small dilution necessary to underpin further expansion. Ready and willing! Great opportunity once this ridiculous governments teetering budget is out of the way. Going to need the extra cash just for the extra damage they have wreaked in their first 100 days.

Absolutely correct Spacerat. If Stork only officially resigned last week and he has been dumping his holdings they must surely still be notifiable. But when have AIM regulators ever enforced these rules?

So Stork stepped down with immediate effect ‘for other opportunities’ and it’s taken him a further 5 weeks to formally resign. Not very professionally or responsible. About time the company came clean about what is actually occurring. Just after a placing and now coming into a budget who appear to have doubled the black hole from 20 to 40 billion in their first 100 days of office. Great timing. One dares to presume that nothing much has changed apart from Stork being a terrible CEO. So hopefully has surrendered all options and any other financial rewards he does not deserve, and they can progress with monetising a promising business.

Proved me wrong already. Enormous buy of 26 million @80p lol. Actually a buy of 26 000 @ 66p is quite impressive.

Now found charged with using Lake Windermere as ‘an open suer’

Bound to be a sell off. Don’t expect many sellers if they drop the price below 60p. Anything possible with this loony clueless government . Will be a few of us including me waiting for a good price to reinvest. May also provide the opportunity for a suitor to show face

Over subscribed buy about 50,000 shares. Hardly surprising as we were asked to work it out ourselves. I should think it was mostly due to mistakes rather than a deliberate application for excess shares. Any way looks like everyone took part who was entitled to including directors and major shareholders. No surprise there either. Payment by October 22. Well done . More evidence of a super efficient company

And motion carried on tender offer. Ace

Whoops slightly overstated cash return . It will be only 35 million . (I added in a special dividend from another company apologies).

‘Judging by its share price’ is probably the worst way to value stock at this particular moment. We have had two large dividends in the last 12 months and now a buy back that actually rewards shareholders while rating value in the company. I admit 6 percent of a 22 percent premium is not huge as a one off, but this is hardly a one off. It’s the third return of cash to shareholders in less than a year , about 50 million in total! Straight buybacks rarely increase value to shareholders. This way we get some more cash and the company hold half the shares in treasury and cancel the rest. On top of this growth looks set to continue with a potential market of 340 million people of which only about 17 million currently have access to their diagnostic test. This is being up graded right now with new roll out. Thermo Fisher and a couple of others acting as agents in the burgeoning USA market. They have very little capex spend in doing this and developing home test kit, which is taking a little longer than I was expecting. They have no plans to move in a new direction thus not exposing new risk to capital. A very nice growing cash generating business with the hidden asset of 600 million tax credit from their disastrous Cicassia days. I can see the market is going to completely over play this small payout. The payout is more or less covered by the retention and cancelation of shares while the value is cleverly retained within the company and attractive to a suitor at the right price

I suppose people do realise if they sell before the 17th they will loose their entitlement to the 80p offer

When Marty? If you mean once the home test kit is on the market and the updated model builds up sales In next 18 months another 30-40 percent is achievable IMO, assuming double digit growth continues on an upward curve. They would possibly get that for a bid too.

This is where it gets a little confusing with the addition of new shares, trying to work out the dilution in individual shareholdings that may have been reduced their percentage even having taken part in the placing.

Interesting idea ‘Aim is getting shafted because of Reeves.’ Not all of Aim it would appear. The weakness in Beg start long before Labour were even a twinkle in the eye of the electorate. It appears to be some fund mangers have made a right hash of investing in small caps. Now they are being forced to sell into a disinterested market creating much illiquidity.

I suppose one good thing about N4p is no institutional fund managers current fire sales are going to effect the SP here. Not really expecting much uplift here till early 25. That’s if they have some worth while news which would be a first