Member Info for Takayama

It does look increasingly that nothing will happen to actually create value to boost the SP. The time from acquiring an interest in a business to realising value is at the very least a couple of years. Existing holdings are unlikely to create that massive 'unicorn' style ballooning in NAV. CFG, as good as it is, appears to be some distance away from that. LGP is in an extremely unfashionable, poor sentiment area. Aside from another 1p dividend, I can't imagine anything else happening here in the near - mid future. Perhaps the board are avoiding any activity precisely to wind up the fund.by end of 2025 .. . Who knows?

Hi Swizz. I'm not convinced that First Equity Limited are anything other than a Stockbroking firm. Just as many here buy and sell shares via Barclays or Hargreaves Landsdown, First Equity are a similar type of firm. The key name here is William Black, but you'll see they say it's the 'Estate' of William Black. Black is a well known merchant banker, setting up his own investment company, subsequently dissolved. The fact that it was his 90th birthday this year explains why it's his estate that is active. His family have people investing the money on his behalf - and I'm guessing with Black no longer being an active buy and sell investor, they're relying more on the advice of Rath Dhu Limited to make money. They've worked together on a few shares over the last few years, with no particular outcome aside from making money. For example, CIP Merchant Capital Ltd in Jan 2022, Red Rock Resources (recently) and so on.... . They won't be interested in buying NTQ. Just in making money. I'm guessing the low share price combined with an estimated high IP value made this a particularly attractive play for them.

Far more interesting is that Kevin John Lyon has taken a position post announcement. Again, this speaks volumes of where this is likely to go - which is UP - it's a positive thing that he's taken such a large position. I'm really really pleased to see him invested here.

It's all the more embarrassing for the board that they sold PANR so quickly - and have zero further 'short term' investments to follow up with. Much better would have been for Pascual to have invested in an L2 tpackage o understand where the market was going and use him to hover his finger over the sell button, so he could sell at a more approriate time. As a 'strategy', it seems more that Ed was finally browbeaten into doing something but was so terrified about it all that he sold at the earliest possible opportunity. And now, he hasn't got anything at all up his sleeve. It isn't a strategy. It's an argument at board level which resulted in a single bit of activity. One person had an idea about what to do and that was it. A one off.

Yeah, I think another 30% is completely realistic. As others have said in many other places, there’s a wide variety of reasons but the two figures You provide are not comparable. This is quite a different company to that that existed in 2019 for so many reasons. As also considerable momentum provided by positive sentiment. Like I say, getting to 400 by results is something that definitely would not surprise me. A strong/Stellar Set of results will propel this forward to 500.

I’d expect a little profit taking at 350p, but then onwards again to £4 by end of feb and results. Depending on the results - if they match the general sector including Heathrow’s recent announcement about record numbers, we’ll either see it climb to £5 or else pull back to 375. The question is whether to sell on results or not? Limited downside and I’ve enjoyed the ride so far, so even if we don’t hit £5 by August, we will do by results 2026… .

First equity were never in the game. From what I can make out, they’re acting in the way a nominee account would. In this particular case, for ‘William Black’s Estate’. They trade heavily in Aim. You’ll see them all over the place. They’re heavily bought in here and seem to not have the best judgement as now is precisely the wrong time to sell if you’re trading! It’s not a particularly liquid time to sell and small trades will have a disproportionate effect on price. If they do intend to flash sell their remaining 24% they won’t get much for it and it’ll offer a bargain for the rest of us! It could be limited derisking though… . But again, it beggars belief the Black Estate bought such a large chunk of shares earlier…. . Anyway, gla!

Bloomers - it was a joke! That’s all. No worries buddy.

Bloomers - chill buddy. It’s not meant maliciously. I’m quite bored and you’ve set yourself up as such an obvious target. This board is dominated by off-topic chat, mostly from your sort of direction, so smile! I hope you make a bit of money bro!

Hey Bloomers! It's the power and intellect of your well reasoned arguments that has helped me understand the peril we face at the hand of Labour communists! It is you that is the guiding light that has helped me identfy the risk posed by people who claim to be pro-business such as Timmy boy, whereas in fact they are using the techniques the marxists that are ruining this country are using themselves! Thank you again for your brilliant insights!

Beats me why anyone would want to sell at this point. There is a risk that no deal is made but given the sizeable investments that the board have made (CEO has put more than £2M of his own money, Non Exec Chairman more than £4m, Directors have nearly 12% of the company), there is considerable self interest in the board reaching a deal, whatever it is - a no deal looks very unlikely from where I'm sitting. I'm betting the board are well respected (I have to say, for an AIM company, Corporate Governance looks second to none here) so will have some good contacts. I recall Serica being suspended around 7p and the CEO leveraging personal relationships to propel the company post suspension to around 80p..... . The plumetting share price here is only due to the fact that they've run out of cash for development. Doesn't reflect on the product at all. Still feels like an above 50% punt for a decent return here. The downside (no deal) looks pretty limited.... .

Mararab - My respect for the posters on the IAG board (and every other board I've visited on LSE) is second to none. Some really good insightful opinion and analysis here, all very much IAG focussed. Conversely, the Lloyds board is more like Twitter aka X and there are few posts that are actually Lloyds relevant despite your efforts! Lol!

Of interest to some posters here is today's 'spoon's trading update. Particularly the use of debt to finance expansion. Sell! Sell! Sell! Lol! Doesn't bode well if Reform's top supporter uses debt to finance expansion. Are Reform and its supporters just Labour communists in disguise? 😂 LOL!

Sorry guys - not meant for this forum at all! My apologies!

Of interest to some posters here is today's 'spoon's trading update. Particularly the use of debt to finance expansion. Sell! Sell! Sell! Lol! Doesn't bode well if Reform's top supporter uses debt to finance expansion. Are Reform and its supporters just Labour communists in disguise? 😂 LOL!

For anyone interested in the wider 'sector' performance as an indication of where IAG's results may be at the end of Feb: Highlights are positive:

1 headline loss before tax £61 million, an improvement of £65 million YoY

o Passenger growth +7% YoY

o ASK Capacity +11% YoY, with a sector length increase of 6% YoY

o RASK flat YoY, in line with guidance

o CASK ex fuel flat YoY, Fuel CASK reduced by 13% YoY driving total CASK down 4% YoY

o easyJet holidays delivered £43 million profit, +£12 million YoY

A shameless plug by the board around AI related activity! I can't see anything particularly new nor really worthy of an RNS but a good way to get the AI related snippets about the company out there to ride the wave of AI boom before inevitable bust! Let's see what happens today as a result and how many people are drawn in!

“ Bank of America analysts suggest that the current environment may be conducive to a recovery, given the low expectations surrounding the GBP.

The report also discusses the EUR/GBP risk premium, which analysts believe is set to decrease as the market's focus shifts to the US Dollar (USD). They propose that investors looking to capitalize on the declining GBP risk premium could consider bearish three-month EUR/GBP seagull structures.

Bank of America outlines several reasons for their continued bullish outlook on GBP. They anticipate that UK terminal rates will align with their economists' Bank of England projections, and expect the European Central Bank's terminal rate to adjust more significantly.

Additionally, they argue that while UK growth is constrained by structural factors, it is balanced by weaker growth in Europe, suggesting the UK could outpace European growth. Lastly, they posit that an accelerated easing cycle may benefit GBP if it alleviates stagflation concerns and supports growth without compromising fiscal stability.“

Thanks Laura. I spotted Swizz’s post too, and threw in some of my own rationale for good measure. It’s hard to work out an accurate price but I’m grateful for your and Swizz’s views. You both seem to be well informed posters here.

I'd add that whilst we have one of the best legal systems in the world, there is recognition that there are areas for improvement. You'll have seen the recent debate around divorce law, that a settlement depends very much on the personal whim of the judge. You could have the same case, but present it to five different judges and you could get five different settlements. So this is what the government has done here. It's 'assisted' by pointing out the higher principles at stake, that a judge may or may not otherwise consider. They're now definitely going to be considered. It's less about 'whim' than yesterday. This is why today's news is extremely good for Lloyds (and chase of course). The £14bn settlement is likely to be far further off the table than yesterday. It would be unusual for a judge not to seriously consider what is a very reasonable position made by an equally high authority.