Member Info for Poindexter01

I'm glad to see that you succeeded in the T/O too Pedro, I am of course fully out now but will keep following this IT and looking to buy back in eventually but I doubt if there will be another buy back for some time, unless they can somehow realise significant cash. Sorry I can't give advice on alternative investments in the Investment Trust field.

Clearly the former outrageous performance fee structure and heavily overweight holding in Klarna has held the share price back. With this now recognised and with proposed changes things should now get better and the discount to NAV close. Obviously all in my opinion so do your own research

I'm a new investor here 3 months only and so am slightly up at present, hoping for much more in due course. Am I right in saying that Chrysalis paid £45 million for their Revolution shares at AIM flotation last July? Shocking destruction of wealth by Jupiter.

100% of my tendered shares accepted today ( basic entitlement plus excess) . Very good

Agreed it's a fairly compelling case to buy /add although you should note that the basic entitlement to have your tendered shares accepted is 58.1% so you will have a residual shareholding afterwards. I have previously had a sizable excess number of shares also redeemed at the offer price ( Interactive investor). Lovely

It takes nearly 2 months to come up with the quarterly NAV as most of the holdings are in unlisted companies. As the markets are highly volatile now, ( to say the least) This information is just too late and so this company trades at a huge discount to the latest published NAV, unsurprisingly. What can you do? Buy and hold on a wing and a prayer?

Yes I have bought back in having been out since February at a higher price, looking cheap now although I am prepared to trade again for a profit

A nice big buy of 300,000 posted this afternoon, I suggest that we hold on for any forthcoming news.

I seem to have been a bit hasty with my analysis as a transaction has just appeared for 10,355 shares transacted at 454p and at 14:19 it is undoubtedly a sale although they are stating 'unknown' that explains why I got my shares so cheaply.

Just topped up at 467.5p, I couldn't resist it as the price fell significantly today. I don't understand how they can be quoting bid 454 and ask 494, with all the transactions today showing as sells and at higher prices than I paid to buy. Yes I know that they never know whether a transaction is a buy or a sell when they post it here, so don't be overly swayed by that.

An insider allowed to make a big purchase. I don't expect any significant news imminently, that could be why the share price has not risen much now.

Some ghastly looking falls in portfolio companies in May revealed in the monthly factsheet. Also revealed that UIL and others are going to take over Somers, I don't know if that is a good move or not given the existing relationship between the companies. In the circumstances I am now fully out, as there appears to be absolutely no buyers around I can't see the share price rising, at least it hasn't fallen with the market over the last few days as aside from me there are almost no sellers recently either.

NAV for 10/6 down to 287p and Resimac fallen a further 7.25% today in Australia so I expect a lower NAV to be reported tomorrow here. It is looking like UIL could manage to have closed the discount to NAV here soon to near the target of 20% not through any of their own efforts but through the poor recent performance of the fund.

Share buyback suspended now beyond the $25 million, This nil premium merger doesn't sound great but look at the alternative, CNE overpaying on a purchase of other producing assets in this current high oil price environment, IMO.

Darren it is granted that I am a little impatient but I am looking at the very recent trend. I also note that on 7 April the Share Repurchase Programme RNS states a maximum of $25 million buyback no later than 6/7/22 so they are probably on track for that but will need some more 6 figure repurchases along the way to have a hope of meeting that aspiration.

If they buyback only in dribs and drabs without seeking to move the share price on their own, it would be years and years before they use up the $200 million allocated. Potentially even longer than the 7/8 years it took to resolve the India tax refund issue I reckon.

That's a depressingly small number of shares when they are priced around £2.00. In my opinion they should be buying back far more, if there is none available to buy in the market then the share price should go up isn't that how it works?

Hold on, share price down not people clearly expecting more like definite progress on IO9 perhaps.

Well I've bought more today in the face of relentless selling by investors, this is far and away you my largest shareholding. I fully expect it to come good with patience when the value becomes even more blatantly obvious.

Now UBS have a declaration of 5.127% holding. All these new large shareholdings shows real confidence in the company and the low price which languishes. Like I said before someone must be selling big time, who?