Member Info for Rhaegar

Nice work on the calculations. It's a diversity holding for me - an asset backed play on EU manufacturing and UK/EU industry more generally. Not super cheap, but hopefully a margin of safety limiting the downside. It's only about 10% of my portfolio, which is a small amount in real terms. If/when I have bigger holdings I might trade in and out more like Grandmaster J Hope all good in insurance, life etc. I'm sure you and your dad are happy with GAH'S demise!

Prospects grim, well called Alex Might be interested at £1.27

that doesn't read so well in hingsight...I sounded a little maniacal, must have been a stressful day! There are waves here (which seems apt given sector), but having watched for some time now I don't see any clear pattern. Sure, the direction is driven by news, but the force and longevity of each rise and fall seems totally random. I'm keeping to my strong sell tag though, the company might be cheap, but I don't think the shares are. On my interpretative view of the 3m's: - Markets - I don't think this should be viewed solely as an infrastructure/marine freight play given its stage of development. I think emerging market financing / Indian subcontinent construction/planning elements are too important and too negative - Management - at best incompetent and overly optimistic, at worst... - Multiples - I don't think these can be a reliable indicator at this stage, esp cash which is subject to forex risk I respect your background (esp. in this context) but question value of tiny shareholding given lack of control. If I where able to buy the assets, perhaps that'd be different (not sure Buffet's logic always plays out with overseas Aimers). That might lead to it being an acquisition target eventually, but that can't be too many players who'd have expertise/money/support to pull this off and take on Nikhil etc?

amusing debate raging in comments section...the most verbose exchange I've read in some time!

make this up, incredible RNS (for uninvested onlookers). Expect you saw plenty of this in your time there jolly, but this is all new to me, at least from a first hand perspective. Watched an interesting series of documentaries on bbc world lately covering life in modern India, certainly reinforced the stereotypes re bureaucracy and inefficiency No way this can now make it to 'fully operational' without very significant dilution imv. The part operational by end of '15 has slipped seamlessly into H1 '16...i.e. 30 June...but that'll be subject to review in light of monsoon. Part operational probably means you can sail a small dinghy several yards into the 'port', which may just be a small wooden jetty at this point. In all seriousness though the cashflow breakeven point is going to be much further down line (perhaps timescales mentioned in my 27 April post, readjusted for latest delays), and the debt is quite high interest, so no way the cash will survive the outflow. I'll keep some money to one side for 2020.

there's actually a US or Canadian attorney on here floating around...perhaps they can share their knowledge on litigation funding and JIL's market position if they stop by. Beginning with R? Clutching at straws

had time to run the calcs after the latest portfolio update? I'll do them myself at some point too, prior to buying. I had a closer look at them and their personnel yesterday. I'm still no closer to deciphering their risk assessment process...and reading their staff profiles on linkedin doesn't reveal anything interesting. They seem to be entirely US based, below board level, as you'd expect. Doubt Brennan has much operational involvement. Field looks an interesting character. Straight outta Better Call Saul, if any of you have ever seen that. The IP stuff is especially weird...they seem to be taking on more of that too? Sports affiliations etc.

You'd be quackers to turn down an offer like that jolly, waddle else will you do with the money? Trapped in statis here...everyone seemingly playing the same game! The spread seems to have narrowed a bit, difficult to tell if the big seller has stopped, or is just temporarily unable to find buyers! I may remind those of you with low averages that I was once the proud owner of 39p Simigon shares...think that was the highest price ever paid! Back when I prefered saving time and losing money to doing my own maths!

imv. Self-interested, deceitful, duplicitous...the very worst qualities for a leader. He was the first PM I was truly aware of...I missed out on old labour entirely. From what I've read / heard, they were infinitely preferable. Corbyn/Boris at least provides a contrast...but I'd likely abstain (again). Unusual choices in international relations, from all three. Looking relatively stable here for now. pleased to keep static equal weight holding Generally skulking in the shadows across various bbs...waiting for better opps to present themselves

business model, imv...to be focused solely on this. I don't fully understand how they accurately quantify risk...however they've clearly been doing an okay job of it, given results. As economy improves there'll be more litigation...in downturns everyone wants to settle. So decent recovery play from these levels over several year view (probably)

I think PRES seems a well run company, and the fundamentals suggest that it's perfomed strongly in recent years. I'd like to buy in at some point. It also clearly has decent shareholder support, hence the resistance and the bounces around this level. However, I stand by my sell tag (no matter how high this rises) until there is a turnaround in oil prices. I don't it's well diversified enough to fully mitigate the loss of revenue from the o&g sector. Therefore I think that at some point in the next 6 months I'll have the opportunity to buy at a significantly lower price than today's. I think many people expected a quicker rebound from oil. Now, it seems that we are commencing a second descent due to (a) strong dollar; (b) iran deal; and (c) china weakness. Shell are widely expected to announce further significant cuts to their CAPEX on 30/07/15, and I think we'll see other companies follow suit to prepare for a sustained (1 year +) period of lower commodity prices.

blasted autocorrect

Sniper Capital performance fee and management fee from launch through to FY14 (i.e. not inc. HY15) = $88.928m, or roughly £59m. Sniper Capital total spend on shares = £13,295,956. However, I make their average to be £1.27. So they can be freely for shareholder morale without necessarily targeting more than the current SP. Recent buys nothing more than a dribble, despite initial appearances.

might have got that...perhaps placed you in the wrong generation ; ) They sang that awful "things can only get better" song. Not sure FTSE350 will stay at current rating in the medium term (which is probably the relevant timespan here)...but if the ratings meet in the middle somewhere I'll be happy enough.

Catchy monkey

watching closely...Looks like may be able to buy sub 20p if I'm luck (he says greedily) Next results September so perhaps I have time...notwithstanding any surprise contract wins or an abrupt stop to the ii selling

awhile back at around 425. Few good articles from Richard beddard and easy to follow investment rationale here, supported by strong fundamentals Like the D:ream song

performance...great lt conviction play here for you Jolly. Would have single handedly justified ur idea of a small clutch of high conviction plays as we spoke of around last ny 30-35 seems decent target. No interest in selling, but unfortunately didn't take advantage of dip to 24 so left with poxy holding.

Thanks Jolly Happy with 20p after Cole exit

It isn't cash generating? As myfairlady says - just read the successive results