Member Info for SD235

Small shareholding at the moment. Intend adding to regularly as long as things playout.

Spread is reasonable if not very reasonable when you consider the size of the company.

Has what appears to be quality management...with a plan and the money to carry it out.

Spending on upgrades to present restaurants appear to be money very well spent.

Institutional investors appear to agree!!

BOW group

Top Major Shareholders (As of 2026)

Gresham House Asset Management Ltd: ~11.16%

First Equity Ltd (Investment Mgmt): ~11.06% (for Armstrong Investments)

Marylebone Partners LLP: ~5.63%

David Page (Executive Chairman): ~5.61%J

JM Finn & Co Ltd: ~4.79%

GPIM Limited: ~3.14%

UBS Asset Management AG: ~3.10%

Rathbones Investment Management Ltd: ~2.88%

Amberstar Ltd: ~2.21%S

Sam Kaye: ~2.03%

Adam Kaye: ~1.65%

Directors shareholding are on this site.

Kaye brothers are ex Directors

Skid35 the royalties can be sold on so I assume the valuation is based on what they can sell the assets for.

Royalty pharmaceutical buys royalties for instance.

Arhh should have read

I AM fully invested. In fact I am more than fully invested!

Https://www.ipgroupplc.com/news-and-events/portfolio-news/2026/2026-04-28

https://lumai.co.uk/#top

Share price is still close to a 50% discount. I am not fully invested. In fact I am more than fully invested! In profit to boot but would consider adding to if the price falls significantly in this mad market!

Today's fall worth noting. Management say no change to full year expectations.

Bought a few more.

Rugs "Damn good results but seemingly little market interest. Wonder why ?"

In the price already??

Pays 25% of profits as dividends?

Hence dividend will double?

That will wake the market up.

The RNS says he bought 350,147 shares at £25.55 each. For him and persons closely associated with him. Making it a total spend of £8,946,255. Cash wise he's quite well off.....or was!

Up 210% doing surprisingly well considering the market volatility and BGEO share price fall?

Up 210% doing surprisingly well considering the market volatility and BGEO

"Where do they get their products from" refers to Action not Carrefour

Reference my belief in south America being a better start location

,"Carrefour operates in over 30 countries, with a major presence in Europe, Latin America, and Asia, boasting over 14,000 stores. Its core integrated markets include France, Spain, Italy, Belgium, Poland, Romania, Brazil, Argentina, and Taiwan"

Where do they get their products from... China?

Tariffs?

The US foray has it's risk obviously but the upside if it works is huge....and from there South America!

Personally I would prefer if they started in South America but I suppose they may know what they are doing!!

Bought at £11 and upwards. Sold out totally at maximum of £41.

Started buying at £23.60p.

I could say I'm soooo clever.....alas I am just soooo lucky!

The foray into the US was the deciding factor. They don't need the US to continue growing but preparing for the time when Europe is full of Actions is common sense. Well done 3i

Now don't go rushing upwards

BUT only up 1.5%

The results were expected IE in the price.

Still nice to have it confirmed.

A big holding for me.

I assume there offer has to be voted on?

PS I have been buying small amounts almost daily. The price at the moment is particularly good. I will still be voting against the offer unless it is spectacularly good.

I to would like also like to see the wind down reversed, it is a nice low risk investment with a decent link to inflation.

As they are talking about porting the loan would I be right in assuming that there is one buyer for both portfolios??

"mxd2025 No recent director buying whatsoever ..."

Management own about 50% of shares maybe more.

The largest shareholder would have to make a takeover offer

"Wow, this share is unloved and seems to drop on good results each time. Anyone buying/adding ?"

Not at the moment as there so many other bargains available.

Presently down 20%...ridiculous...unless you believe the AI narrative?