Member Info for OptimistRiley

I am with IG and still waiting

HL paid me 68.649037p per share for the redeemed shares.

It would be interesting to know how this compares to other providers?

I am in the process of transferring my ISA from HL to IG due to HL's new charging set up. Will let you know how it goes!

Is it safe to stop kicking yet lol?

Old ones were redeemed at NAV so that should work out well.

Yes I am doing a lot of kicking !!

I have jjust bought some - things always seem to go down when I buy!

Have we hit the bottom yet?

To me it is still very much dependant on what happens with MM.

I don't think anything has changed there.

MM could be worth a lot more and might be bought by one of the big players.

"Could" and "might" being the operative words!

There is a lot of concentration risk here but there is also a very big discount as well.

🤔

Maybe someone is offloading? If so it shouldn't be because of secret bad news.

And I don't think that will reduce the NAV which is very dependant on MM.

I am going to put my hard hat on and hold on!

From my understanding a Morphic Medical step 1 trial is ongoing and due to complete in December 2025.

So unless someone tries to buy Morphic it might not be until then?

Does anyone know what percentage of the NAV is made up by Morphic Medical?

It looks to me like the US trial continues until December 2025.

So it is a bit of an all or nothing situation.

If it gets approved all good.

But if it doesn't could it then be worth zero?

New important date for bidders to show themselves is 31st March.

Https://www.printweek.com/content/news/interest-in-de-la-rue-hots-up-as-more-potential-buyers-emerge

As some more parties are now also interested in De La Rue I think the 6th Feb date has now been extended.

Hopefully more interest = a higher takeover price?

I know we will then have all our eggs in the Morphic Medical basket.

But having held for this long I am going to hold until this plays out.

Hopefully Morphic will either be successful with Reset or bought by one of the bigger players.

This was from 2017

https://www.brrmedia.co.uk/broadcasts-embed/59fc80922be9fc7f4f905697/event/?previewEventId=59fc80922be9fc7f4f905697&popup=true

Could it be SABA offloading?

The discounts have narrowed in the other Trusts they are invested in.

Thanks Mike - much appreciated!

If it changes from being an investment trust to a commercial company will that effect the discount at all?

Apologies I meant when they hit 1.58 in 2022