Member Info for oogleflugal

No idea WTF that little interlude was all about. No RNS to explain the 7.5 million trade. Strangely the share eventually dropped back to that price of 45p. Looks like that was the last op to top up Thanks. Presumably normal service to be resumed.

To be fair, the fair NAV has hardly dropped at all @ £8.58 unless this is not up to date . So he discount has widened. Its just a lot more with BG trusts than anywhere else, and spectacularly underperforming the markets. Guess youbjust cant get the staff these days.

The numbers speaking for themselves hasnt been too successful either.:) as one director told me once ‘i cant direct the share price , I direct the business. The problem for many specialist aim listed companies is they are not exactly household names. cnic is virtually in a sector of its own in the uk. They havnt had a great deal to shout about in before the last two years. They certainly have now. They have taken their time selecting somewhere around 15 companies to their portfolio in the last few years. It has not been an easy business to asses, particularly how they make money. Their presentations have improved believe it or not, even though it still looks like they are working in pandemic mode like many others. Glad they re not wasting money on fancy offices. They are after all an internet business . I think some one said he was a bit perturbed that Michael looked like he was presenting from his grannies attic! I suppose one worry for the market is how they can keep this rate of growth growing. Ben said they had less than 1% of market share, so the answer appears to be easily given a fair run. If the market doesn't quite understand the business model yet, the management comes across very well that they know exactly what they are doing, and try hard to get that message across. Hopefully the penny is dropping. Unfortunately there is much to be concerned about at the moment. DYOR etc and very good luck to shareholders and the company.

Spot the worst performing Ballie Gifford trust today. They really are in a class of their own. The bottom

You are dammed if you do and damned if you don’t. Some people complain about companies who stay silent and demand an RNS as to why the sp is falling. I can assure you there are many exasperated directors wondering why their share price is not matching their performance. Cnic has been a classic ‘how do they make their money?’ stock. Many journalists are too lazy to find out or stick to their ‘comfort zones’ like retail and supermarkets. It is hardly surprising to me at least that Cnic have done the rounds of vox markets, investor meet company, etc to promote themselves to the investment community. I wonder how many people here actually know who Kestrel are and what they do. One thing I am certain of is that they will not take over Cnic. They do have a very good website of their own. Is an Edison report worthy? Does it help in anyway? They have been around a long time. I expect brokers do read them. Sometimes you need to blow your own trumpet. I’m sure there would be even more complaints if they didn’t.

That’s a bit ambiguous about ‘the company’ is he talking about a partner or referring to N4p as the company. Too early in the morning for me! Anyway signs of life which is good after Jarvis update on the state of downturn in investor numbers which is quite obvious and apparent. Chris Mills of Harwood was explains about the crippling effect of illiquidity in markets . Could provide a good catalyst for companies actually going forward this year

No news about strengthening patent . Simply ‘an American partner is taking out a patent on us.’ That sounds like quite a tie up. One the nige has got spot on this is a rapidly developing technology (with a lot of wealthy competition). This was my main concern that N4p would get trampled in the rush. So maybe a partner patent is no bad thing or they ran out of options. Still alive which is something.can’t say more than that and neither can the market by the look of it

Bradda and Atlantic lithium are one of many reasons I put all my metal eggs in here. Unbelievable what seems to be going on or rather not going on there. Might be 12 months away from monetisation according to interview but at least this is a real mining company with very credible backing ad management.

Just remind me again. How did Mellon make all his money?Everything he touches seems to turn to dust and its not gold

Yet another IPO casualty. You can count successful IPOs on one finger in the last couple of years. Be a long time before another one tries their luck to hoodwink investors. Hopefully they will make then conditions a lot tougher

Apologies, not pounds , volume. Just thought I’d try and confuse every body for those not confused enough by this stock!

There we go again . Several bot trades @ £7500. And then the reverse sweep @ £5,700 . WTF is going on here?

As expected a lot of jiggery pokery going on here at the moment

No lord. My decision makings are often accidental. I very fortunately bailed out of the stock market, partly to raise cash for a project that fell through. Mostly because I couldnt believe anyone in their right mind would vote for Boris. That did look like a horrendous mistake at that time . Forward wind to the pandemic and I piled into at least ten investment trusts. SMT, MNKS, MERCH I knew from way back but also got MRC, ATST and half a dozen Japan trusts. Basically my logic was if we were all going to die fro COVID , might as well leave in stocks than the rotten banks. Beginning of 2022 I was uncomfortable but very pleased with trust performances mostly. SMT & MNKS were exceptional. So I ditched them all but have bought back various Japanese trusts. So why not Monks and SMT ? I have been tempted often but I feel Japan is less than halfway through a very long drawn out recovery. To me USA looks like a very mature market and politically becoming increasingly unstable. Its the lesser of two evils. When discounts appear like with SMT I think is this an anomaly or a warning? I dont think its as simple as big discount means buy ahead of nav means sell. I think about outlook, politics, risk as opposed to less risk in other areas like Japan which undoubtedly has risk in many different ways. ideally if you have enough money to have a foot in every camp, diversification becomes a much easier option, but not infallible. My resources are reasonable but limited enough to need to make educated guesses. You win some you lose some. I try to adapt investments to different circumstances thats why I consider myself an active investor not a day trader, but not a hold forever Warren Buffet either. which incidentally he doesnt himself. I believe he sold airlines at pretty much the bottom, but maybe he made the money back elsewhere. Anyway keeps me busy in retirement with a crap pension! GL

Thanks for the chart lord. I got back in smt and mnks in march 20220. As the chart shows smt traded pretty much inline with nav until 2022. Yesterday I was amazed to see fai nab here is 8.5. Makes it sound cheap, but I’m still cautious on USA. Same with mnks. I was a big fan of BG . I still hold a couple of their trusts in my Japan portfolio. Theirs nAv ratios are narrowing again. I think it’s is quite a good idea to pay attention to nav history. The current situation suggests poor liquidity or sentiment. It’s going to be another tough year either way

This whole 5g thing has been a very expensive red herring especially with the Chinese taking Boris for a long ride costing Vod and Bt several million or was it billion.

I dont think anyone knows anything in this game:) its all about insiders and manipulation. How long can it take to strengthen a patent? Surely not longer than it takes to get the original patent. I cant see much progress till thats done and dusted

Wow just seen the discount! What is going on here? Maybe it is a good price.they usually trade slightly above discount. Sentiment is pretty savage at the moment so I think caution is still advisable. This year is not expected to be great with the war dragging on. Direction is still pretty uncertain. That could change rapidly one way or the other. I prefer Japan to the USA. The direction is not 100 % in Japan but it is doing a little better recently. Anyway good luck whatever you are in.

I’m talking about their trusts around the globe. I traded Smt many times over 40 years sometimes holding for a year or so. I was quite lucky in being out the market just before the pandemic struck. So Smt , mnks, bgfd bgs all offered great entry prices. They got over bought and their sp ‘s were unsustainable. Not many have fallen quite as far as Smt. I believe Lord Lee has a bet with a friend who put all his money into SMT while Lee invested in individual companies. For a while his friend was well ahead but this year has seen a sharp reversal. I’m not generalising, Ballie Gifford have lost the plot! No doubt they will come good again at sometime, but its a pretty lazey strategy to say investing is for the long term. Most of the Ftse 100 is still heavily under water after the first quarter of this century and that doesnt include the many companies that have been ejected. How long term is long term? I think there are times when investment trust can be a good investment , like when they are at a decent discount and times when their stock picking is simply dreadful.

Where as SMT has just halved. Trouble with trusts is they are they either too big , or the smaller ones hold high percentage in illiquid stock. BG have been dreadful in just about every department. I cant see that changing anytime soon