Member Info for Pedrobull

Which at £/$1.267 is 89.5p

CEO is still buying

following transactions by Marc Bishop Lafleche, Chief Executive Officer of the Company.

From 15 Dec 2023 to 18 Dec 2023, Mr. Bishop Lafleche acquired 57,900 ordinary shares at an average approximate price of 89.01p per share.

Added at 512.75, maybe I need to stop buying as it is over 7% of my ISA but looking the unlisted investments they still hold looks low risk.

You have to imagine that some of the bulls are either Directors in MIN or close friends of the directors, there is only LSE here and ADVFN to publicly discuss AIM shares or social media like X.

Telegram always seems like an echo chamber with no dissenters allowed.

Performance comparison total return with dividends included 1, 3 & 5 years

LondonMetric Prop Ord 13.52% -3.53% 28.32%

LXI REIT -11.82% -5.71% 2.1%

LXI poor in comparison.

I have never looked at PHP, relatively happy with Assura as a steady dividend payer.

All REIT investments have been hammered in the last 2 years.

However looking at 1, 3 & 5 year returns with dividends included PHP is a clear winner;

ASSURA -16.2% -30.98% 3.45%

PRIMARY HEALTH -6.89% -21.08% 13.47%

No harm in owning both I'd say if you wanted healthcare covered.

At 1.55p still values the business market cap over £19m

With a speculative (at best) product and no income it is way over valued IMHO

I might buy some below 1p for a pop when next "news" is released but I'd selling at 2p

If you wanted to invest in BTC I'd use a better proxy, something like Microstrategy maybe!

GLA

I think it would be an all share offer as LMP is £2B and LXI is £1.7B so almost a merger of equals.

GLA

Now 514p to buy.

Reading the Articles of Association on Winding Up

160. DISTRIBUTION OF ASSETS OTHERWISE THAN IN CASH

If the Company shall be wound up (whether the liquidation is voluntary, under supervision or

by the court) the liquidator may, with the authority of a special resolution and any other

sanction required by law, divide among the members in specie the whole, or any part of, the

assets of the Company and that whether or not the assets shall consist of property of one kind

or shall consist of properties of different kinds, and may for such purpose set such value as he

deems fair upon any one or more class or classes of property and may determine how such

division shall be carried out as between the members or different classes of members.

So a voluntary liquidation with the ISA sounds good to me.

At the last AGM the company was given authority to buy shares, this would be a good idea wouldn't it?

Resolution 10: Authority to make market purchases of ordinary shares

Proposal to authorise the Directors to make market purchases of ordinary shares up to a

maximum number of 825,090 shares.

You typed that backwards it is 6.3%

Good news travels fast

This is not a bankrupt company being taken over by its creditors to get loans back though.

I think the Investment trust is capable of liquidating itself.

Quite happy for others to sell into weakness though and I'll keep buying thank you very much.

See you in Charlotte Square if you know where that is!

Hi Dret, where is it said anything about calling in 3rd party liquidators?

AFAIK it is the company that will liquidate itself IF and only IF it is BEST interest of all shareholders.

Good pop today to 177p but still way undervalued imho.

Good article here by Avi Gilbert;

https://uk.investing.com/analysis/time-for-copper-to-shine-the-case-for-southern-copper-and-freeportmcmoran-200596075

As the developing nations of the world endeavor to replace fossil fuels with renewables, the demand for copper is expected to increase dramatically over the next decade. But with economic stagnation in China, and concerns of an economic slowdown in much of Europe and possibly the US, copper prices have become as dull as an old penny. The price of the red metal has fallen from $4.70 per pound in March 2022 to roughly $3.70 today - a decline of about 20%.

From a fundamental perspective, there's an expected shortfall in copper supply that's likely to put significant upward pressure on prices. But soft pricing may persist for several months as production is expected to outstrip demand through the end of 2023 and 1Q2024 (Source: International Copper Study Group). From there, several industry analysts are anticipating a supply squeeze. For example, Goldman Sachs (NYSE:GS) foresees a supply shortfall that will drive the price of copper to $4.50 per pound by late 2024, and to more than $6.80 per pound in 2025.

Concurring with this perspective, Max Layton, the Managing Director of Commodity Research at Citi said:

"He believes now is an ideal time for investors to buy as the price of copper is still muted on global recession concerns. The red metal has declined in price by approximately 26% from its all-time high of nearly $5.00, set in October 2021. According to Layton, copper could top out at $6.80 per pound by 2025, a jump that would "make oil's 2008 bull run look like child's play."

Good to see the 7% pop today about time,

On this CEO comment wrt PGM - "The structural damage to the PGM supply side will be felt for some time and will ultimately result in an upward shift in prices. While current markets are volatile and unpredictable, we believe in the medium-term outlook for PGMs underpinned by a supply-side constrained economy with new and growing applications of these precious metals."

So the structural damage is as per the cure for low commodity prices is low commodity prices, in that low cost well managed suppliers can ride it out?

Then the point is okay ICE catalytic convertors are not the future but there are new and growing applications for PGM.

GLA

Last notification was 21st Sept so anytime next week I'd expect

Last year ex Div date 22/12/22 payment 12/01/23 0.70p

It is always darkest just before the dawn

Nice one - An interim dividend for the year ended 31 Dec 2023 of 10.0p per share is to be paid on 19 Jan 2024.

The ex-dividend date is 21 Dec 2023.

Current spread 12p with Sell at 505p and Buy at 517p

On the POTENTIAL winding-up I see this only happening if this is the best interests of all shareholders.

This is not an AIM listed small cap pharma with no income or miner with a hole in the ground going bankrupt.

The unlisted investments valued at £7.8m cannot easily be sold, however previous realisations were achieved faster than anticipated. I would plan attend the Charlotte Square General Meeting to vote against liquidation if close to full NAV was not forthcoming.

I have full confidence in the board however.

"In particular, the Board and its advisers are exploring whether to wind-up the Company and return cash to shareholders, including the proceeds of the Premier Hytemp realisation, by way of a members' VOLUNTARY liquidation. Any such winding-up would require shareholder approval and a further announcement will be made in due course. "

I kind of understand the Consumer Price Index (CPI) indexation added mid-contract even though this is a new thing as a contract used to be a contract with a fixed price.

However what I don't get is the additional fixed +3.9% increase. That's a nonsense for the consumer IMHO but we are free to shop around and don't sign long contracts!

However what OFCOM is proposing is not the removal of the CPI+ mid contract increases it it just that the consumer needs it spelling out to them in pence how much additional it will cost them i.e. £30 per month for 2 years but in March24 CPI 6.7% + 3.8% will result in £33 per month from April 1st

I'm a buyer here this is still the 30th biggest company my market cap on FTSE100

That's just this LSE website I don't think that makes any difference.

Problem for me is Trident Royalties is listed in the FTSE AIM All-Share index.

Also listed on OTC ticker TDTRF but its lightly traded there as well.