Member Info for smose

I agree with you Edzi. That's why giving options for first year based on today's share price of 15 p is reasonable and fair.

Unlike ElProf, I like the fact that by May23, if price is above 15p, Ollie has financial gain in exercising his first year's options. This implies that there is much upside from today's price already in the coming twelve months. More after that.

P Group announces that it has realised approximately GBP84m of proceeds* through the partial sale of its holding in Oxford Nanopore. Consistent with the Group's Capital Allocation Policy, the Board is allocating GBP15m of this realisation towards buybacks of its own shares, with the balance to be invested into opportunities within the Group's existing business. Including the GBP20m announced earlier this year, none of which has been utilised to date, a total of GBP35m is now reserved for buybacks. The buyback programme remains subject to various factors including our shareholder authorities to only buy back shares at a discount to Hard NAV per share. Decisions to repurchase shares will always be undertaken in conjunction with considering other potential investment opportunities for the benefit of stakeholders. The Group will update shareholders on the utilisation of this capital via the relevant regulatory announcements.

Following the sale, IP Group holds 82,062,144 shares (or 10.3% of Oxford Nanopore) which is valued at GBP 348.8 million based on the GBP4.25 Offer Price of Oxford Nanopore. This represents a realised and unrealised fair value gain to IP Group of approximately GBP74m*.

IP Group plc - Portfolio company Oxford Nanopore priced at GBP3.4billion, IP Group generates GBP84m of proceeds*; retains holding valued at GBP348.8m

The entire stock market is done by 1-1.5% this morning. In fact, SLP is down by 6% (having risen by similar amount last Friday). Sit tight through the next few days....

yes please Mammon.

mine too

Since price below 17p, I have re-adjusted my portfolio (which have been heavily invested in JLP>SLP>THS), to sell SLP and THS, several times, including yesterday and this morning.
I believe that the drop in commodity price has been overdone more for JLP than the other shares, so the upside in the coming weeks will be more for JLP.
I'm not transferring any fund from other sectors.

Can someone clarify if this is done by HL on our behalf, if the Ferrexpo shares are held in HL's SIPP drawdown account?

sorry 2021.
JLP is the only company expanding beyond PGMs/chrome. The other two are debt-free, cash rich and dividend paying. No sign of either companies expanding into re-processing of other metals. All 3 companies' share prices were predominantly influenced by PGM BBI prices, which have risen from $2368 to $3464 (according to Bullster in ADVFN bulletin) - 46% in the last quarter.
The challenge for JLP (which has the most potential of the 3 companies due to its huge expansion into processing of Cu tailings) is the delay in Cu plate production in Roan Project till ?June, coupled with previous unreliability of JLP (of over-promising and under-delivering), which the market is weary about. Until there is verification that JLP can process Copper as efficiently as PGMs, then the market will react accordingly, and I expect JLP's share price will overtake SLP.
Happy to hear from others with more history/knowledge of the 3 companies.

Since beginning of the year 2012:
JLP +18.1%
SLP +27.9%
THS +11.2%

Performance of JLP is between SLP and THS. I am invested in all three companies. Last week there was a large drop in prices in SLP>JLP, with little change in THS.

19.3

Only joined the JLP club in Dec20, via SLP since 2019. So missed most of the rise in 2020.
Reading back some of the chat on this site (inc SLP and THS), ADV and stockopedia, clearly 2020 was a transformation year for JLP.
My concern is that a couple of people mentioned JLP's history of over-promising and under-delivering. Alongside with that is the history of dilution of shares via issue of warrants, and convertible loans and the likely need to raise further funding.
From my perspective, the next few weeks will hopefully reassure if JLP is on track. We need evidence.... Has timelines for project Roan slipped for example?
come on JLP.

I got my confirmation this evening. It didn't make any difference to the timing of submission as long it was received before the closure of the application. I only received 40% allotment.

TBTT and Gotreal
We will see who is (more) right. JLP's half year report is due at the end of March.
The performance of the shares since 1Jan is as follows:
SLP +28%, JLP +22%, THS +2.4%. The market has spoken.

@barchid - did you submit directly online?
I applied via wealth club on Friday evening. They pre-warned that the subscription was likely to be over-subscribed and even advised that I should 'get into the queue' as soon as the application is opened at 5pm (Wealth club did not load until 6pm), as they would submit on a first-come-first serve basis to the registrars, ready for Monday morning.
We just have to wait for a couple of days. I note that Amati VCT price dropped by 1.5% today, so hopefully will have lower net asset value on the day of issue of these new shares.

Wow. Fully subscribed by 1020am on the day of acceptance of application (from 9am). I applied last Friday, hope my application made the cut.

@mogli. The figures for FY21 of 45 million matches the net profit in stockopedia.

the 3 aim vcts I mentioned all seem to have recent stable track-record of giving 5% dividend/year, without eating into the fund capital, so could form a basis for regular tax-free income. One advantage is the lack of liquidity and large discounting do not matter any more.

have you considered leaving the Amati VCT for the tax-free dividend as permanent source of income, instead of recycling from other VCTs (for the benefit of the 30% rebate)?