Member Info for silverknight

The oakbloke has done some pretty comprehensive articles about the company. Check it out. Some parallels with VSL and RMII in a slow and painful wind down. There is potential value in all three (big discounts to NAV but uncertainties over realisations. ) No need to rush. It's all about timing for me.

$7 million of funding is chickenfeed. A wealthy man like Bird could easily provide it himself but chooses not to. Reasons?

Definitely. Decision by next week. Then plus or minus £1.

Done. Expect continued buybacks and (hopefully) a special dividend with an extra £290m in the bank.

Expect the discount to NAV to widen as the residual assets become lower quality and less liquid Fair sp around 45p

5p? A relative newbie. I bought Evgen at 14p and resisted selling at 25p. We've all been there

Jonathb. Most reits have at least one ugly in the portfolio and offices are the current Achilles heel. Still this has maintained a 3p div for a long time and is not overgeared. The divis have kept my head above water and recent director buying is encouraging

Always assuming nobody else enters the fray. Unlikely. I think it will lapse.

I think this is a big ask for Ingredion especially if they're making a cash offer. Both parties suffering lacklustre trading and given the stats the offer price seems reasonable to me. I suspect that the (potential) offer will lapse. Back to 450?

Clearly the market doesn't think a counterbid is in the offing or the price might have sailed past £6. Puts the bidder in a strong position as it stands. If potential bid lapses on 11th June sp could fall back dramatically.

So I averaged down.

There are quite a number of companies trading on significant discounts to NAV (including this one). I'm spreading the risk and applying a great deal of patience

Thank you all for your responses. This is my best performing share (out of 50) and I'm hanging on to them anyway. Great prospects!

Click this on II site and screen goes blank. Anyone else have this problem?

No news on Stonehage completion yet. Should be in next 3 weeks.

Spread too high

Sp feels a little on the overpessimistic side

I like the fact that the portfolio is weighted towards Poland with a much stronger economy than the uk at the moment

This is a good diversified business on a huge discount to NAV but the economic environment is making it very tough at the moment

No doubt about that. The sp has fallen 80% since he took over n 2018