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And much the same happened today. Ex-divi 8p, share drops 13p. What happens when poor sentiment surrounds a stock.

Mr O'Regan's purchase is already down. Lucky for him it was only token.

Not a token one. 124k shares @ 80p. That's what we like to see.

That's a fair defence of the situation. You're absolutely right, MANO isn't a law firm, but I still wonder if some of their processes could be affected. I'm not smart enough to work it all out and I'm not helped by signalling from a market that is itself utterly confused and schizo on the matter...

I check into my investment here and find..... absolutely nothing! Company seems to be doing if not stellar than ok operationally, but the market resolutely refuses to notice. We're bumbling along with no prospect of a re-rate and no obvious catalyst either...

Unless someone kindly buys us out???

Still drifting....

The sooner they report to the market the better.

Wondering whether news of these AI legal bots are, rightly or wrongly, adding to negative sentiment around any company involved with legal workflows, MANO included.....

He's bought a few shares per today's RNS. Telling the market he's still interested I guess?

...and today's update is very bullish. If they can manage these tough conditions as they are, then the future looks good and I'm a happy holder. And they're sweetening the prospect with a raised divi.

Yes, you win some you lose some. I've said this about two of my holdings today - it's that kind of market - and this was a fat loss. There may be opportunities to recoup as the weeks unfold because, as I recall from the last capital raise, the share price got to 330p soon after as the market started rating the company higher following the raise. Not saying it'll happen another time and tbh I'd be happy never to hear the name Synthomer again, but I don't want to blind myself to the possibilities. For now, content not be a shareholder for the 1st time in several years and watch the story develop without my money involved.

And I've bailed. I'll be watching but from the sidelines for now.

Interesting points. I absolutely agree, caveat emptor will always exist. That said, I imagine the AI hyperscalers will want their products to have credibility and will not want their recommendations to just go to the highest bidder. They don't need the money anyway! Whether their recommendations will deliver the 'richness' that existing providers can provide I'm not so sure. The way things are going, large language models themselves could become commoditised and end up used by existing players as an accuracy/productivity tool.

Well yes, but usually when it goes into auction you can't execute the trade. These were live quotes that would've been executed. I'm not saying they'd have allowed you to buy enough shares to make money on an arbitrage situation (many thousands of £s, I didn't try), but a purchase/sale of cicra £2k would have gone through.

It is fascinating, if a little hairy, how Schizophrenic markets are at working out how to value the AI/Anthropic/Chat GPT shenanigans. Noise or structural? And who? Today it's GBG in the loser's bucket.

I can buy for 8.94p, but I can sell for 9.00p!

Never seen that before.

According to the report, insurance brokers were also getting hit, albeit not to the extent of the comparison platforms. This is because, as the CEO of Insurify Snejina Zacharia states, "Shopping for car insurance has traditionally been time-consuming, confusing, and frustrating for many drivers. With our new ChatGPT app, we're redefining the insurance shopping experience by making it feel as simple as having a conversation. Drivers can ask questions in plain language, explore personalized quotes, and review real customer feedback, all in one place." Presumably the same could be said for home insurance.

As the broker, I rather think it's SAGA, not Ageas, who will be tasked with getting their products into ChatGPT’s list of recommendations. Let's see how it plays out but clearly at this stage bullish sentiment relating to travel/cruise is overwhelming much concern about the insurance broking business. In any case, Berenberg have come in today saying that they see Chat GPT as more of an integrator than a disruptor of existing market leaders and that yesterday's drop was overdone. Interesting times...

Well, we have an answer today. Arqiva could be written down to effectively zero. Not entirely unexpected. You win some you lose some. Time to move on.

I'm a long-suffering shareholder. Clearly a poor update has been released, but I can't even read it because I can't find the damn thing in any of the usual places. Keep up the good work boys. Fleecers!

US online insurance marketplace Insurify launches what it claimed is the insurance industry's first ChatGPT app.

Dan Coatsworth, head of markets at AJ Bell, said: "It is now possible to obtain insurance quotes directly inside ChatGPT, causing investors to panic that AI will eat insurance brokers and financial comparison portals' lunch."

Companies such as FUTR, MONY, getting hit today, but not SAGA which despite having an insurance broking arm just shrugs everything off. Remarkable.

Aha! JP Morgan ups their PT to £40....

Well, whatever, but ceo/founder is bu**ering off to bigger & better things...

Investors looking more favourably at the UK market? Not complaining.