Member Info for Reddukeclothing

I truly believe that’s the disconnect here… management are not in the habit of paying their common equity holders returns.

The market will decide but I’ve made my decision

Maybe they had heard of a buy out, and now it’s a small disposal - they are back to putting the shorts on.

Who knows

Think a good reason to sell is that they bought that business at low interest rates and can sell it at high interest rates , very handy for their insurance business.

It’ll provide capital to help investments and cover the dividend. You will recal brokers noted they lacked cash flow to cover the dividend despite stating they were undertaking a progressive growth strategy on it.

This is £5.50 as a new base, all day long given this risk reduction. IMO

£16m pbt , but this will sell at a percentage of net assets I assume . It will be a large inflow , anyone want to guess ? Would guess ebitda of £45m off that pbt, assume 8x ebitda , £360m. But if anyone knows nav that’ll be helpful.

This was £1.53 pre announcement of the buy out. I can’t believe they got away with a trifling offer at 250.

I held for the buy back or dividend but it’s been extremely poor, this was a one off bonanza , if we don’t get paid now as shareholders , when will we

Hi all, looking for any insight to abrdn being so heavily shorted and any read across to phnx ?

I know they have a reasonable relationship with one another, but would welcome insight. Thanks

30m trade ? Some big boy moves afoot

We’ve had a rerate up from jpm and now one down from Barclays.

I think it’s just a time to hold to your convictions or trading appetite.

This will be back or not on yield expectations alone.

As someone pointed out, the gap is filled

Barclays unhappy “ Barclays cuts Phoenix Group to 'underweight' (overweight) - price target 500 (600) pence”

Anyone have access to the detail ?

Not brave at all, it’s a swindle . His debt holders have security rights, he needs majority ownership before an administration to keep competition away.

Nothing brave here , wow

Wow , after shield therapeutics this is the most crooked thing I’ve seen on aim.

No wonder no one invests here , and the authorities will do nothing about it.

They are waiving your preemptive rights, they are allowing the share holder to buy the business at 1p AND they are delisting ,without a price offered to ensure you have to get out now.

Wow. And this whilst under “public scrutiny “, you won’t have any protection once it’s private.

Unbelievable.

Shield (stx) was better a bit, they accidentally lied for a year about their results , only finding the truth after a share raise ..

F*ck me.

Anyway this is a 0p so , that’s that folks.

Ah lovely. Thank you.

Nope - says it’s on the website but not found it

Tambo - what’s the rationale, could you share the update

Hi soundman , I think you have a miss understanding.

For example if everyone puts their shares in to sell at £2.50, how will the company pay ?

The company has capped the offer to 14% (£100m), thus more than 14% of shareholders ask for redemption , you will get scaled back.

This is on the assumption you can even ask to redeem your full holding, the offering doc may limit it to 14%…

Yes , without doubt if you sell a stellar asset for 14bn and even then , shareholders only get a 30p dividend on 14% of their holdings … something is very wrong. You would be mad to hold this share for returns as a PI , what needs to happen for you to make a return ? Given they have no dividend yield and do not pay out when they make a blockbuster deal?

Seems like a good move, shores up the price for a long time. Gets us to April Stella results.

Rewards any holders who want the premium vs historical price. Removes holders (probably all) that think £2.5 is good value.

Opens door to setting the precedent.

Also will get a lot of coverage now

Behold the pro(phet). 😂 nice call dallo. Glad they didn’t do an acquisition given their share price

So I guess you apply for your allocation and get a pro rata share ? Kinda works for people new to the share holding but only for 14% if your holding ?

Please don’t let it be a share buy back. That only helps the dumper at £2 …

A return like this should be a dividend givens it nature .

Let’s see. Gla