Member Info for PRN19

Hi Deano,

In June 2020 Hyve completed a rights issue whereby for every 40 shares held you could purchase 9 new shares at a price of 69p.

This increased the issued shares by 22.5%, to calculate the effect on the pre rights issue share price on any date prior to the fund raising you need to reduce the share price by 18.36%. For example, Hyves share price on the 3rd January 2020 on the charts is shown as 568p, less 18.36% this becomes 464p when you take into account the share dilution.

Hope this helps and makes sense :)

Cheers Paul

Seems like it’s the Badflaw and Simes show on here at the moment, mmmmmm wonder if they share a desk in Lombards sledging department? Maybe, who knows, who cares?

Good luck and best wishes to all genuine investors, stay strong and keep the faith, good things come to the patient.

Broker upgrade:-

Senior PLC, up 8.5% at 128.40 pence, 12-month range 112.18p-185.00p. Barclays boosts its recommendation on the engineering components manufacturer to 'overweight' from 'underweight'. "With 2020 trough earnings now firmly behind, restructuring activities completed and delivering run rate savings, 2022 begins a meaningful recovery," says Barclays.

I detect a hint of desperation setting in, I’ll have mine with milk, one sweetener and a packet of custard creams please.

I see Lombards tea boy is still trying to get PI’s to sell their shares on the cheap so they can escape from their short position, you couldn’t make it up.

Restrictions on payment of dividends continue to apply until CLBILS facilities and the £11.25m term loan are repaid (expected 31 January 2024), subject to the Leverage ratio being 1.5x or less.

No dividend until early 2024 but wonderful news and a timely update from the board, best of all is that Lombard Odier and Citadel are getting their fingers burnt, love it :)

Well done to everyone who stayed “strong and long” and good luck to all long term holders for the future.

3.4%

IAG up 3,4% on the Madrid stock exchange at the moment.

I think you’ll find that’s 450% Bobbins

“And my professional status in physics and engineering obliges me to question as a default position.”

I’m afraid standards are slipping chaps, it seems that you can rise to the top in Physics and Engineering without even having a basic grip of arithmetic, truly hilarious :)

Hi Ossingh,

IAG have a dual listing and can be traded in pounds sterling on the LSE and in Euros on the Madrid stock exchange, IAG are after all a Spanish company.

I reiterate that the Madrid stock exchange was open and trading yesterday (Monday the 27th) and will be open and trading today (Tuesday the 28th) , yesterday IAG were up by 0.44% as per my previous post at a closing price of 1.71 Euro.

Regarding “bank holidays” , last Friday (Christmas Eve) wasn’t one, the LSE closed early at 12.30pm simply because it was Christmas Eve, obviously the LSE was closed yesterday and will be closed today because they are bank holidays.

I hope this makes sense and apologies for the essay.

All the best and good luck to everyone with their investments in the new year.

I’m also a little confused as you’ve stated:-

“They did not get the benefit as a result of the increase on Monday, hence the spike today.”

I’m guessing that you’ve lost track of the days? as it’s Monday today!

Hi Iaglongterm,

I’m afraid you’re mistaken, the Madrid stock exchange was open today, it’s also open tomorrow, Wednesday and Thursday but closed on Friday all day whereas the LSE closes at 12.30pm on Friday. This information is readily available by googling “Madrid Stock Exchange Holidays” , you’ll also be able to find the IAG share price in Madrid today by googling “IAG Share Price In Madrid”

Hi Chaps,

Just to let you know, IAG were up 0.44% on the Madrid Stock Exchange today, pretty sure we’ll have a good indication of the Wednesday opening SP on the LSE after tomorrow’s trading in Spain.

All the best and good luck to all genuine IAG shareholders.

I’m guessing that the season of goodwill has officially ended on this board?

Must confess Rox, I'm loving it too :) , reckon I must have something wrong with me :)

I've never posted regarding CARDS trade locally, my missus goes to our local out of town (Leicestershire) shopping centre twice a week (ish), according to her the Card Factory there has been extremely busy since the middle of November, happy days for us, not so for the Lombard Shorting Spivs :)

A final point Rox, you've previously extolled the virtues of being "strong and long" , it's a fundamental of investing and something I've always adhered to, there's nothing that the Market Makers and Hedge Fund Spivs love more than inducing panic among retail investors, they see us as cannon fodder, unfortunately for Lombard I'm getting the impression that the vast majority of posters on this board are made of sterner stuff, long may it continue.

Cheers, good luck and all the best, Paul

Hi Chaps,

The way I see it is that Lombard gambled on a December lock down and they've come unstuck, they're essentially gambling as we are, except that they're punting in the opposite direction.

My feeling is that they've messed up in a big way and are increasing their short position in a desperate attempt to apply pressure on retail investors to sell thus minimising their losses.

I for one won't be giving Lombard the opportunity to escape without some battle scars, quite the opposite in fact, every time they force the price down 3-4% from the previous days closing price I'm adding to my holding.

I'm guessing that Lombard will be very keen to reduce their short position before CARDS trading update on or around the 14th January, that's only 14 trading days from now, if retail investors hold strong they're going to get burnt, have to say i'd love that, in fact it would be truly wonderful! :)

All the best and good luck to all investors (apart from the Lombards fund manager :) )

Many thanks for your recent Menzies updates Kisboy, they're very informative and much appreciated.

Good luck and all the best to all long term holders.

Card normally issue a trading update in the middle of January, this can be found in the Card Factory financial calendar archive on their website.

Many thanks for your upbeat post PFEN, it's just what the doctor ordered :)