Member Info for SilverSpoons

Let's see if it repeats last November's

Ultimately the west will realise that the biggest winners out of this war have been and continue to be China and India. Due to Russia's huge construction of defensive measures making any retaking of land far too costly, I predict that sometime in the next two years everyone will eat humble pie and accept a ceasefire, most likely based on Russia keeping what it currently controls. Putin will be happy with this, he gets to save face and he has already had to commit far more than he wanted to. He dare not risk more on any further large advances. Purely from the viewpoint of shareholders, FXPO will not get ceased by the Russians, nor while Ukraine is being rebuilt and supported by the west will it be nationalised.

A merger at current relative share prices is not in Vodafone shareholders interest. A fairer deal would be for 3 to sell various assets like it's uk network to Vodafone at a price based on discounted expected profits in exchange for newly issued Vodafone shares, with a clause limiting when those shares can be sold

Correction: issues between the 'government' and the current majority shareholder, .......

IMO this is share will be worth a lot more at some point in the future. The west is fully behind Ukraine and in order to keep that support Ukraine knows it can't start behaving like a banana republic and start nationalising companies. I have no doubt there are issues between the company and the current majority shareholder, but those will not effect the company in the long term, in fact a change of majority ownership if it happens may even help it. In the short term the legal case might have to be reheard, but based on who is making the claim on the other side I think it extremely likely that if this were the case then the same judgement would be found as last time. As far as I am concerned, the major issue facing this company is the production and shipping issues caused by the on going conflict. Long term these will be resolved and as I understand it, given the company is not facing any short term liquidity issues this should not prevent a good long term outcome for the current shareholders.

When the price jumped over £5 recently. Good well run company. Biggest problem is too much capacity in an industry overall will continue to make it very hard to make a profit. Only once the competition thins down will this be possible, but I'm not seeing much evidence of this at the moment.

Well management managed to do some pretty bad damage to the accounts in a relatively short period of time. Bunch of clowns, but then again a bunch of clowns overseen by an equally incompetent BoD. When the bad news broke, the funds sprinted for the door. If they hadn't done so quickly, maybe we could have all salvaged a bit more than 9p, maybe even as much as 15p, but once the new owners had built a big enough stake the price was set. Few people will be tempted to reject the offer, because there will be no market into which these shares can be sold after the company goes private. If the company were able to keep active a listing, even as an aim stock, then I would continue to hold. Sadly that is not an option. So the moral of the story, steer well clear of any company trying to rebuild a damaged balance sheet, even if you see the big guys doubling down, because they too make mistakes, far more often than you think.

Will probably be turned down this winter, and patio heaters will disappear, but that doesn't mean nobody will go to the pub, just that people won't necessarily take off their jackets while inside. Drink enough and you won't notice.

Even though I'm holding, I can see this going lower. I do think it will bounce to 550 at some point, probably after some better than expected rns, hence my holding.

It been reported that Liz may bring in tax cuts. If so, I wonder how much of the increased take-home would end up in spoons tills? Also the BoE is hamstrung by UK mortgage debt so I don't believe interest rates will take off, which would be good for both spoons and punters. High inflation and higher bills will cause punters to seek better value for money and again this could benefit spoons also. I also recon the last couple of months of fine weather won't have harmed footfall either.

https://youtu.be/qwKFc6jclK8

Be interesting to know what legal justification the company now has for withholding publication of last year's accounts which would allow a resumption of trading. The company is still obliged to adhere to UK law and the UK listing rulebook and I very much suspect in my non legally trained opinion that their current action, which is currently preventing individuals from liquidating their holdings at the market determined price, is potentially challengeable.

https://resourcehub.bakermckenzie.com/en/resources/global-public-ma-guide/europe-middle-east-and-africa/united-kingdom/topics/delisting#:~:text=The%20main%20requirement%20to%20delist,LSE%27s%20market%20for%20listed%20securities.

.. till they get relisted? Very interesting to see SL is only selling a fraction of his stake at this low ball price.

When it comes to a liquidity situation a companies first priority is towards the creditors, employees and pension fund. Shareholder value is basically outranked by the before mentioned, hence of course they would recommend accepting any offer that fixes the solvency issue, even a lowball one like 9p. Problem for them however is that in order to be accepted it has to pass a shareholder vote and given that over half the remaining approximately 56% is owned by one person, then that person holds the key to whether the offer is accepted or not. Lastly it's pretty much accepted practice that the nominee / broker collect clients voting wishes when voting on issues as significant as a takeover, at least with any reputable brokers it is the case.

Only half of what I am reading here makes sense. If the share had not dropped so far I might too have sold, however I can't get it out of my head that I would regret selling for anything less than at half last years refinancing price. If a deal gets done by all parties meeting in the middle then we might even see something north of 20p. At then end of the day, if the offer does get rejected then we all go down together so all parties have to be willing to compromise.

Would be very interesting to hear what the companies largest INDIVIDUAL shareholder and companies namesake thinks of this low ball figure. I for one would be likely to follow his lead.

So what was the highest price paid for share by Blofeld Investment Management in the last 12 months and how does this compare with the offer being proposed. Is it not the case that the offer should be higher?

Typo - institutions

The possibility of a rights issue still shouldn't be ignored. IMO any instruments that sold shares last week did so because they were not prepared to put more cash in. I'd give it a 50 50 chance.