Member Info for selecta6

Fair comment, and i take on board all you say.
I was unaware of his home town financial bonhemie.
I wouldn't be at all surprised if he takes it back under family control.
There are many folks that have lost out, and he has profited, though.

Many thanks for replying, WF & TMT.
Seems strange, but sobeit.
No doubt, there are many underlying MM's, funds, that will already bought, and perhaps some PI's.
Who'll sell into the index, and make a turn.
One thing for sure, they are not getting my holding.

Thanks, for taking the time to reply.

Whilst not unique (probably), my position here is unusual.
Bought 800 IPO shares at £1.85, and promptly forgot about them.
Moved house 2 months ago, and found my holding.
Checked price!!!! Only lost 92% of my original investment.
So, what to do.......
I know, go buy loads at 15.75p, 6 weeks ago, on the basis they will cover my losses on original investment as they rise!!
So, now 10% down on those too.
However, here comes my white knight (AKA Robber Roger).
Not only confuses us all with the over complicated offer, but also decides on a share consolidation to provide more smoke and mirrors.
Whilst he makes money, it's a clever ploy to get share price back to around IPO price of £1.85, but with us all having 90% less shares.
I'm likely to run taking up the offer, which will cost me c £5K, then look to sell most to recoup.

This will benefit recent buyers of the share, to the disadvantage of the LTH's.
Robber Roger sold out, made a fortune, will now buy back in at a fraction of that.

Bought in here at 14.2p a couple of months ago, following DYOR.
Fully understanding of all the good news, and especially the elation felt by many LTH's.
One question:
Surely, GDXj will have already bought most/all of their necessary holding following our inclusion.
They aren't going to announce it, wait a week, then buy in at a (likely) much higher price?
That wouldn't make commercial nor financial sense.

Any-one there that can explain?

Spot on Jed.
And pretending they are giving us something at 4/9 more shares at 12p.
Robber Roger, won't lose out!!

@poker.
Makes no difference if they've held or sold, still passed money to Roger.
After consolidation, share price will resemble the IPO price.
This is like playing poker, with a duff hand.
That why you are a S/Her, if you are?

So, basically we haven't got a flying fig, what is going on!!
Too many shares, too many prices = 8 times as many opinions!!
I thing for sure.
Roger is going to do very nicely out of all this.
Basically as the expense of those that bought in at IPO. or anything north of 33p!!

Avoid like the plaque.
Stop losses only benefit Mm's.
They can view stop losses, so when they generate sufficient volume Mm's drop the price, and sell your shares.
It is they that benefit as the price rises.
It's like playing poker after showing your hand.

Nice to hear from you Roxy.
I'm still lurking, and actually topped up last week at 54p!!
Crazy really, since i wouldn't top up a month ago at 46p!!
Why, do i sense that you have an internal battle going on.
See you back as a AML shareholder soon!!

Thank you for that, Slift.
I do feel it is highly relevant.
Any-one can spout all sorts of nonsense on here. Some do!!
But, with skin in the game, it's all different.

Good question.
I enjoy his informative posts, too.
Have always assumed, he was in.
But, you've made me wonder!
Come on, put us out of our misery Slift.
In or out?

Thank you for that superb summary, chester.
It should be hard-coded into LSE's header for this share!!!
Save having to repeat it, for all the newbie's questions!

That post is just SO wrong. Pianista.
It is totally mis-leading and should be taken off this board.
God forbid that any-one thinks there is any truth in what you say.

They are offering shares at a discount, to loyal and existing shareholders, following an injection from the ex-chairman.
If they publish all the details, and then post a later cut-off date, there would be a rout.
The world and hi wife, and next door's moggy would be borrowing to get the benefit of a cut-price share placing.
Cut-off very likely to be August 31st. But certainly at a date that pre-dates the prospectus.

Please be mindful of the damage your incorrect ramblings could do to some on this board.
No need to apologise, since most know your spouting was rubbish

Woah....dillon.
No, no ,no.
Stop losses are only there to benefit traders.
They have very clear site of stop losses.
When there is sufficient volume to warrant it, they can orchestrate the price down, and clean up.
Price then bobs back up, and you've lost out.
GGP is northwards bound, but can still be manipulated downwards in short term to benefit traders.
Avoid, at all cost. Else, it will cost you.

Not seen the press Hillseeker.
I've thought for 6 months the share price was ridiculously low, having bought into the IPO!!
Topped up 2 months ago, to attempt to recover my IPO losses. Still have a way to go!!
I'm certain you'll do well from this, with your recent holding, not to mention the forthcoming placing.

Morning jed.
I agree entirely.
I'm just keen to make back up my IPO losses, which i think i will.

I think Saga's business model is fundamentally floored.
We have a growing number of 50 plus year olds. But, Saga haven't even scratched the surface, hence dire share price.
Roger's done very well for himself!!

Woah...rupans.
No need to shout.
we are merely discussing the situation.
I hope putmeonlist does qualify, however i fear he may not.
No need to get out of your pram over it.

Putmeonlist.. I'm slightly surprised that price is still only 16.5p..ish.
However, lets face it.
Roger sells out at £1.4B (i think) 15 years ago.
Now buy backs 20- 30% (exact amount remains to be seen) at c £150M.
Nice business, if you can get it.

@putmeonlist. Interesting point in your 11.12 post. 'Presuming i qualify'.

Hmmm. I'm no expert but these things usually have a cut-off date pre announcement, for obvious reasons.
The announcement was meant to be 10th September, but was leaked.
Which resulted in Saga rushing around to get something out. Their shareholder portal has a hastily added addendum!!
Will you qualify? Time will tell, but i would say, you will not.

My position is holding 800 IPO shares at £1.85 (yes £1.85) each.
So bought a further 65,000 at 15.75p a month ago. In the hope to recover my IPO losses.
I think i will.

Regarding the open offer, lets not forget it says, at a maximum of 15p. I think it will be below that.

It has glitches on occasions.
If you refresh or reboot it usually sorts itself out.

Soul,
I concur entirely with arsenalles.
I've placed some of my AML money in EUA, since got fed up with Stroll's games.
Read their board, very good summaries of their position.
They've just sold at a placing at market value.