Member Info for RogerMellie50

Always puts his hand in his pocket and buys on open, unlike most directors these days.

Decent volume this mornimg. MSi tipped by Midas in The Mail on Sunday, apparently. No! That's the kiss of death!!

Https://www.gov.uk/government/news/new-measures-to-boost-small-businesses-benefitting-from-uks-defence-investment

I remember you saying before that you held RR, John - well done! Hopefully up and onwards. I looked at it post-pandemic, but ended up not investing. Shame, woukd have been a "10 bagger" by now!

Hi Pharmall,

I've held Senior before, and done quite well out of it, from memory 2011 to 2013, an then again after the covid slump for 18 months. Know the business reasonably well, but haven't followed since I sold 3 years ago.

Are you hanging on to WG, by the way?

Yes, we seem to have developed a private forum here! In fact, with John's daily reports, I'd imagine the majority of posts here have nothing to do with MSi whatsoever. If the company did more than 2 substantive RNSs a year, maybe we'd have more to discuss!

I sold 40% of my Chemring on that spike, having bought for 3 quid a few weeks ago. Hope it's a case of 'more fool me'. Wait and see.

Well done on Wood's, Pharmall! I was looking at it last week, but ended up bottling it as usual.

Yes, looked encouraging. Have yet to go through properly.

Other news - Chemring!

Was looking at the BoD at BPM and some of the directors - seems quite a young team, Brian aside! Encouragingly, the Chief Investment Officer is nearly 40 and has been at the firm for almost all his entire career, so must have been under Brian's tutelage.

Government mooting plans to accelerate the timeframe for 2.5% of GDP on defence this weekend.

*write up, rather.

Thanks for that. Wait and see.

Finished going through the prospectus, and have just listened to today's Investor Meet. I'm tempted to take the same amount for the 'back draw' as well. As you say, given that the first year was just 'setting up', they've done prettty well in quite a short time frame. I've got more of an idea of what the business does now too.

One concern is buying now pre some potential 'churn' from the IPO. See Octopus has 10%. Less of a concern as a LTH though.

I know we discuss anything but MSi here, but I took some BPM at 6.50 as well,having done some reading. Don't know if you subscribe, but an interesting right-up in IC from Simon Thompson today.

Good weekend all.

Morning Pharmall,

Thanks for getting back. Yes, I saw that. Just getting in the car, long drive ahead, but will give it a watch this evening over a beer. They usually have it available to watch again very soon after. Let me know what you think, what you thought of the questions etc. I'm still having a look through the financials in the prospectus (takes me longer than most).

Morning John,

"...and worries about Trump's non stop commentary on all matters". Well put!

Haha. Their offices are off Covent Garden , apparently. Let me know if any posters here see Warren B in the area, John might have a painful stunt to perform...

Sound advice John!

Yes, that can't have been a fun period John! At least you managed to get out with some crumbs.

Pharmall,

Have you heard of RC Fornax (RCFX)? IPO'd on the AIM a few weeks ago. Just noticed them recently. Seems to be a defence-based cosultancy/project management outfit set up by ex RAF employees. Been reading some of their bumph, and still a little confused. I appreciate there's a whole mass of industry-specific terms that I have no awareness of, but can someone please translate this (from their IPO prospectus)?

"RC Fornax is a specialist provider of high-impact work package solutions for critical military platforms, delivering outcome-driven engineering services under Statements of Work (SoW)"

U wot M8?, as my nephew might right.

Ah yes, I remember you mentioned them before. Saved my an RTO.

I did actually draw up a list a few years or so ago of my top 5 stinkers, and 5top winners, both by % profit and gross loss/profit (I used to have quita bit of downtime sitting in airports!).

Elix's results looked good this morning. I was looking through last trading update of BPM - looked stonking. Cash equivalent to Mcap about 35%, so fairly liquid! In fact, I think that's about the same as MSi's from memory.

Afternoon John,

Care to name and shame that company you mentioned (if you're over the trauma of it!) ?

You're right about opportunity cost - I lost a fait bit of money on some absolute turkeys in 2021. Made it back and a bit extra, but 4 years' opportunity gone that could have been put to better use.

Cheers, Pharmall, I'll give BPM a look.

Yes, sorry, your point was about international defence spending more broadly, to which MSi is well exposed.

I think I internalised the 'time in the market. not timing the market' mantra off my old man. In fairness, it has served me well (not wanting to sound too smug/boastful, but I'm early 40s, mortgage free and semi-retired with a private income, almost entirely as a result of investing in stocks for the last 20-odd years). However, I've come to realise that I should make more of an effort in managing positions, as I have a tendency to just let things run and not book some partial profit. Mostly just a laissez-faire attitude, as I've never looked at a chart in my life and I'm not a daily market-checker.

On the topic of tips/ideas more broadly, that's an area where I struggle with a bit more nowadays. Don't have any professional finance/investment experience, but I used to mix socially much more with people who do, hence I was much more exposed to suggestions. I have a very quiet, almost hermit-like life these days, so I'm left to filtering message boards and Investors Chronicle for ideas! Still get the occasional tip from a mate in the City, who has a mixed record: tipped Fevertree at £2.70 15 yrs ago, which I absolutely cleaned up on, but some absolute rotters as well (google Advanced Energy and weep!).

Roger.