Member Info for Straycat

Just for the record, thanks for all the support today.

I know there are some long standing grievances here, and I know that your support was less about me and more about 'them'.

Nevertheless it was pretty impressive stuff.

Looks like BB has removed his post that started the spat this a.m.

Okay BB,

So, is there anything else?

Well you've certainly sparked a response BB.

Now tell me...what seems to be the problem?

Good morning BB,

Now what seems to be the problem?

Ha!

Pure genius.

Sorry Opulentia, but he does make me laugh....must be my time of life. No offence intended.

Duly noted and appreciated ss.

There is no explaining moronic behaviour.

Oh yes, and Hi Sarah(?) if you're out there......you know where I am if you want me. xx

Krok,

Yes it is, but I’ve used the net gain after accounting for his purchase cost price.

Neither am I proposing £1 as a sale price. I was just using it for modelling purposes.

Parity10,

Most likely.

Seems to me the question is ‘whether’ rather than when.

Energees bought a majority shareholding in RPT in 2011. They paid 38p a share. They currently own 173.1m shares valued today @ circa £65m, a 54% holding.

During the intervening period, until 2018, RPT had struggled to post a profit and took a massive write down in 2013.
No dividend has been paid.

In 2018 their fortunes turned. And in August Pinchuk appeared to buy 24% of the Company. Far from cashing in his investment pre Christmas when the sp hit the dizzy heights of 63p, he decided to add to his investment earlier this year when the share was in relative freefall. Kelda now owns nearly 29% of RPT, just under the take over announcement threshold.

Meanwhile we have another Oligarch, namely Vadim Novinskiy, who is sat on an investment which has never turned a wheel for him in 8 years. His net worth is c.a. $1.0bn in 2019 according to Forbes. He could significantly add to his wealth if he sold his errant RPT. Or he could wait and hope for the sp to triple in value. If he got £1 per share, he would net an additional $139m approx or 14% to his pot of wealth. Now. One deal away.

Oh for another Oligarch with whom he could do business. Someone with access to money (Pinchuk's net worth est. @$1.4bn in Forbes). Someone already involved in the Sector, with attendant knowledge. Someone who knew RPT of old, having already mounted a failed bid previously. Someone who might recognise true value in his asset. Someone who knew any deal would have to be agreed, and could never be hostile.

I'm not privy to level 2 analysis, but if the MMs are at play then we could be in holding pattern.

I'm simply positing a different scenario and obviously the above is pure hypothesis supported only in part by fact.

But at least it should be shredded by alternative, more plausible explanations for the current status quo.

So go ahead and shred it. No offence will be taken.

Thanks Cockeye,

I saw it this morning.

It's the second time Mcfly02 has maligned me, but, as last time, I chose to ignore it.

I've obviously upset him/her. Never mind eh.

Thanks for the heads up though.

I tell you what, I don't post anywhere else, so he must read me on here.

Please come visit Mcfly02, and we'll post man to man....or maybe you're already here!

And there we have it, back to the potential for any takeover which is the one topic never seriously investigated on this board.

Even though it's staring us all in the face.

No, but if we could identify those unnamed shareholders now (which I don't think we can), it would help us better understand GKP's appeal and reach.

Unfortunately, and yet again, we're left to speculate.

Not sure whether you're obfuscating or not, but you posted:

'No Share Holding is hidden, every Share Holding is in the GKP Register.'

But that's not true. For example, your shares are held either in part or wholly by Hargreaves and as such are not visible on the GKP register as yours. But you still own them.

It would have been more accurate to post that every shareholding was posted in the GKP register, though not every shareholder is named due to data protection laws.

I know.

ss,

By confirming that Computershare can't see behind Broker Nominee Accounts, and 'Pension Funds and the like', Mikey is confirming that he can't tell you who the hidden shareholders are, even though his posts opens with

'No Share Holding is hidden, every Share Holding is in the GKP Register.'

So once again Mikey, what's the point?

Bravedog,

I don't think you've misunderstood anything at all.

Not sure what Mikey's cutting and pasting was all about.

What was your point, if any, Mikey?

Blackrock, JP Morgan et al, they all disagree with that doomsday scenario.

It would help if they managed to get their cash and cash equivalent figures right in the first place, without the need for later correction.

It only leads to unnecessary speculation.

Cockeye,

My views on the VCP and its real motivation are both embryonic and unsubstantiated. They are also incendiary, so I think I'll keep them to myself for now...

But when I read ANGINA's pained posts as a LTH and I consider the absolute dichotomy between her experience and the rewards offered to JF and SZ for 'loyalty' I find it difficult to stomach.
It seems to me that he/she and all the other LTHs have every right to feel aggrieved.

For any bonus structure to embody real shareholder value (i.e. value to us), then there must surely be a more effective replacement for the VCP which is both simple and populist (i.e. popular to the common shareholder). I think Bravedog has alluded to this possible VCP rework in other posts.

Just my musings.