Member Info for TheGreyMonk

apologies but my response was to the post asking if they were shorting

The announcement indicates a holding of 3.73% which indicates they have recently upped their holding to above a notifiable level . Hedge funds do not just go short on shares

Me too - I've done very well out of this over the past 5 years and sold 90% of my holding between 11 and 36 - I've bought back in at 3p (or just under) BUT my risk is that Putin decides he's having the mines and the gold and I get nothing. This will be a 5 bagger or bust IMHO

But its underwritten - and the fundamentals look ok so BUY AND WAIT - and you should be rewarded - Patience is a virtue in this mad frantic world

Some of my best shares have come from taking up Rights issues when they needed capital - Segro Estates in 2009 was probably the best one. I'd think this is worth supporting but I'm not a big holder but will look to top up if i can buy in the market something close to the Rights price

No news on the capital raising which will hold everything back until there's some announcement. I'd like to buy more but dont know how much I will need in a Rights Issue

I also share everyone's pain and surprise that the share price keeps falling - The rebased dividend still gives a yield of over 9%. However if we keep looking at the share value its a bit depressing. Imps represents about 3% of my total share holdings so its not massive but its not insignificant . I'd rather the debt was lower but the dividend looks secure , the P/E is very low and in the world there are still many many smokers and will be for many years to come . Ive topped up today and I also topped up on Glaxo Smithkline , whos share price also lies in the doldrums - However I've consoled myself that I've done reasonably well out of buying shares over the last 35 years , and I've not done that by buying overhyped growth shares and following the trend. Keep the faith

These brokers make you laugh - 47 to 24p and a BUY - They are 5p for a reason - they need to raise capital. The board need to make an announcement as to what they are doing . Theres a decent business in here but the stewardship has been disastrous. With a 2 for 1 rights issue at 5p they would raise sufficient capital to sustain then and be able to realise the value in the business and the share price would rise

no body is making a quick profit by selling at 50p even if they took up the rights at 30p - the dilution on their original shares was massive. I bought 8000 nil paid shares in the market at 19p and am taking up the shares at 30p - so they will owe me 49p - Im hoping for a rise back to 60 - but if they dont I will hold

Thats as I understand it - I have not been able to buy in my Hargreaves Lansdown account but I have on a spreadbetting account

Can someone explain to me why the shares trade at 76/77p and the Rights to buy the shares in the Rights Issue at 30p trade at only 32/33p - Surely if you buy the nil paid rights at 33p and pay the 30p in the Rights Issue you've a guaranteed profit????

Ive read that but it isnt clear if non institutional shareholders can qualify - if they cant its a massive dilution

Have ordinary non institutional shareholders been able to participate in the placing at £5 - or have they been diluted out? I bought some in early May but heard nothing - reading through the prospectus they talk about dilution but not clear if shares offered??

And of course I received my cash in my account despite certain people questionning whether purchases just before the cash redemption would qualify.

I have the cash equivalent hares in my account

Some bloomin nonsense talked on here. During the confusion I've doubled my holding at 258.5 and I reckon I'll get the cash payment ion due course

Topped up again today - now my biggest holding - Under £1 these are surely a steal?

Thanks DFS - Not owning next I hadnt even seen that. I have been watching M&S for years and never bought - probably a good move

Why the 4% fall today?

http://www.thisismoney.co.uk/money/experts/article-3207072/TONY-HETHERINGTON-Trust-broker-happy-lose-money.html This is pretty damning