Member Info for silverknight

Sp says it all. As a LTH it's a damage limitation exercise. Not inclined to keep averaging in face of shrinking NAV/returns.

Why? It's been 'on ice' since before 2012 . The company have never had funds for 'care and maintenance' of this and although it hasn't been aggressively marketed there has constantly been the suggestion that it's been open to offers.

On paper it sounds positive so why the muted sp reaction? I guess Bird is always the fly in the ointment. I suspect that if received BM shares would be gradually sold off to fund Hopeless Godawful and directors fees. There are plenty of higher quality companies on large discounts to NAV but I suppose I'm just cynical about this one

Summer might be a bit optimistic. No takers for property after 7 months on market and no legacy debt repayments since 2023.

Absolutely no point in selling at this price MrT. I'm holding on to establish a(potential) tax loss if needed

MrT. You and I have been here long enough to dismiss the ongoing rubbish spouted. I bought in 2012 on the back of the massive potential of Mankayan - today just a minority stake and no control over its destiny. Sadly trust has been totally eroded over the years. Just a piggy bank for Bird

A good addition to the portfolio. Results and divi due soon. 1.55p again?

The problem is that if you have bought millions of shares over many years at ever decreasing prices you can't afford NOT to believe it'll all come good in the end. Bird claimed this was the most undervalued share on AIM in 2018 when it was 20 times today's price- and that excludes billions of shares issued to keep it alive since then. Multiple red flags!

No certainly not simple but it's not uncommon for trusts with better records than this one trading at 20-30% below NAV. We wait with bated breath for the next dividend /capital return.

If the Razor/WeFox interests were written off how would that impact the NAV? By my calculations it would fall to c50pps but that sounds a bit optimistic. Any thoughts on this? Negative sentiment dragging it down but far from unique to this company,

Good question Therosy1. The uncertainty has created exaggerated falling of sp against NAV of 60p(ish) . Likely to be further adjustment . I last bought at 39p so current price gives some room for error. I'm fully loaded for the moment.

Interesting to see if rising employers NICs negatively impact profits to a material degree

Their website is the best thing about this company. You're right Mr T-they have raised more in the last 3 years than the company is now worth on paper. The erstwhile jewel in the crown (mankayan) is just a minority holding these days. Still it's just like dozens of sub 1p deadbeat companies on AIM

Shares in issue irrelevant? M/c that counts? Really? Try telling that to anybody that bought say 10% in 2012 at then price of 28p and forgot about them. Cost then £1.82million . Value today £910. Only works today for someone that has very short attention span

I suspect the agony's going to continue for some time. I recently counted 87 sub 1p shares on AIM. None seem to be profitable and certainly not paying dividends. Just virtual gambling chips being touted by people hoping that fools will chase the price up

Exactly. A VERY high interest account. Lovely

CJ39. I've held this for years and mentally lost it all. Mini pharmas are a nightmare. Sold IMM at 167p about 5 years ago. It's dropped 99% since then. Casino investing

Don't hold your breath Proquo. Their long term management has produced a steady rise in NAV and I don't see that policy changing near term. Expect the sp to drift down a bit as is its habit.

Me too. Took some more yesterday to reduce average to a (painful) 57p.

EoB. Both good businesses. Is it helpful to duplicate the holdings? Yield slightly better on this one but my divis have been negated by the poor sp performance.