Member Info for samval2403

Reefles secretly doesn't like some friends and family

To think when I last posted here at I was saying I was waiting on and looking forward to the next investment. Panr was kind of my final straw, lazy pocket money speculation from the fund.

It's not fit for purpose and doesn't have the same advantages they had even a few years back. With Crowdcube and SEIS/EIS funds out there, there are a lot of ways to get into early days ventures.

Fund isn't fit for purpose. Needs closing and return the capital to shareholder. The market has spoken for long enough.

Cm22, mine hasn't clumped at all. Have you been leaving it on the side? It should really live in the cupboard. Also if you're pouring water over it that kinda defeats the point of using Microsalt

If you count the Divi Seed are up the same TBF Morpheus. 2.05p a year back Vs 1.9p + 1p today

Results largely expected

After a little research it seems part of the reason that they may not be doing another buyback is there's a little more regulatory process to go through. 10% of the shares in issue over 12 months would be the amount that is allowed within the market abuse regulation. Anything above that and they've got to get some permission, for sure from the shareholders but also potentially from other bodies.... I don't believe that would prove much of an issue, though I'd be happy to hear anybody else's thoughts on this.

Looking on I'm disappointed they've not gone buyback round 2. Deserved drop today.

Barring Avextra the whole portfolio isn't inspiring. Juv hasn't provided anything for a long time, CFG is too early days to place too much faith in. LGP is too small to matter much anymore. Inveniam feels the same, plus they aren't really adding to their assets under management anymore.

It is a buyer's market still though, £4m hopefully buys Seed a lot. Think the fence gets a few more sitters while we wait to hear what comes next. Alfredo being on the board now at least gives the hope that he manages to help seed find the next Avextra.

Buyback finished, 2m shares short overall.

£4m+ cash in the bank. Let's see round 2 Ed for another £600k, the fund is barely trading at cash still

AM90 has been an elite contributor to this board and someone whose opinion I agreed with for a very long time. Regardless we are approaching 5 months since Glenn took over the business. Making those phone calls should have been the very first thing they did so the fact that almost 5 months later nothing's been achieved.... Ughhhhh.

Working capital being mentioned first in this RNS; to me at least, shows that they don't have good options.

Sounds like they've called up everybody that showed even a hint of interest during the strategic review and they've still got no takers. There are tons of junior gold companies out there that have got a resource and no takers.

It's time to put the dream to bed. Whatever raises are coming up now they're so dilutive that you have to question the risk / reward.

It's a great product Mat! I ordered it pretty much the same day that I read about TEK, I have to say it does everything that you would want it to do. Great flavour with much less salt used.

Anyone looked at TEK? They've also got a maligned CEO, he's got a big pay packet and bonus and they have had a few duds in the recent past.

BUT Microsalt alone is not far from 2x the mcap and it's listed. The autonomous vehicle company seem like they'll raise privately and go on. NAV on that also worth about 80% of the mcap. The whole business is sat at a 60%+ discount to NAV even with the duds.

Maybe Leap should be a lesson but it's a different game. If Salt sells they'll not be on that position of only having 1 buyer. That divi would be for the full mcap.

TEK notes from Oak Bloke

https://theoakbloke.substack.com/p/fy24-q1-results-for-lucy-part-of#%C2%A7tek-valuation

Molten / GROW also at a massive discount but there are questions on what the market is willing to price them at and too many investments to understand it easily.

How much did FFWD raise when they started up?

For the bit of grief the buyback programme got a few days back here for being too slow it looks.like they'll achieve the goal. 4m shares left and the volume there to make it. Still buying at around cash even after the divi.

Waiting on the next investment before deciding what to do with my divi. Gl all

The execs have taken investors calls before here Rayte, I wouldn't be dismissive of that.

I'm not sure why the idea of mothballing this for a little while isn't being looked on well. It's been fairly well regarded that it's a buyer's market out there. It's not like they really have significant ongoing costs.

I said a few months back at 2p how you could see why people would buy this. Up 50%+ in not all that long id feel the opposite, the people coming are the people here for now like Rayte.

The rise needs news, here's hoping Glenn has some for the long sufferers here.

If they can buy something that the market sees potential in, cannabis keeps improving and maybe get some other exits I think we see 5p again too longer term Fatman. Need to see that NAV go up!

I really want to see Ed walk the talk and find a gem. He's made a few of the right noises about why he's knocked things back, I've got expectations on the next investment.

The divi even at 2.5p sp is 40% of the mcap. A lot of that money is coming back in with the c2.2p of cash they've got plus the rest of the portfolio. Think 5p is ambitious Fatman but I do think this goes on, maybe late 3's? I'm genuinely excited to hear what they buy next.

Sort your reading comprehension out oftm. Matador was having a joke, as was I. Some of the comments on the dividends this week and how they work have been terrible on this board.

Great day for Seed, they've given £2m back to shareholders and the sp is the same as it was 3 weeks ago before they did that. I've taken all that cash in an ISA and I'm happy with it. As Barwick says, divi allowances are tiny this year.

3rd on the top fallers. ED nEeDS TO reSIGN

Another day the stock technically is up, £4m a good coffer to invest. There is a scenario where they also have exits in at least Avextra and hopefully Juv too within 12 to 18 months for good returns

Tbf Jungian Bill cashed his options in all the way down. Options have to be based on both market price and expectations to be a target for the owners.

Obviously both of those are terrible right now.