Member Info for vzjmh0

Anything under £6 in my book. If it gets to £5.5 they'd be mad not to make an offer. However the board thinks they're still worth £25 so there's that.

9% drop today, not the busy quarter I have envisaged. Someone has lost confidence and selling up a sizeable stake?

Someone dumping 1million shares in a hour will do that.

My guess is your holding will be converted into share certificates. This has happened to me before and that company eventually bought them off me for 3x the price they offered when they went private. That may happen to Bowleven, it may not, either way, I've written the investment off.

Holding. Not worth selling at this price. My view is that at some point the company will be sold on or go bust. if it does go bust, no great loss at .22p price. if FID comes in the value of the company will increase significantly and will certainly be worth more than .22p, thats for sure.

So the only investment we have gotten any return from is one Ed wasnt even involved in the originally. Says a lot about his keen eye for a good investment over the last 6 years. Still at least his wages are guaranteed for a while yet. He must have the cushiest job on AIM.

Totally agree Forthwin. If the Bod had any confidence in SEED they would buy in at this low price. The fact they are not speaks volumes. Ed's BS aout privileged information on leap was valid a year ago when he mentioned a sale/IPO but not now. He's not trying to IPO a unicorn ffs. The sad fact is maybe nobody wants Leap. And it appears the market would appear to be thinking the same.

For those not able to attend can someone give us the highlights. By the looks of it not much good news?

someone offloaded over 1M shares

Dont get me wrong. I'm not overly concerned, I've been here for 18months and for that you need patience but the asset is now worth more than it was even a year ago and there is the potential for bigger envious eyes to be taking a hard look. Also were SL to undertake any shenanigans with regard to CM it would have a chilling effect on future investment in the country.

Reefles - Why would we NOT need new investors? If we dont entice new investors to buy shares how on earth are we going to get this share price out of the doldrums. As it is, it would appear current investors are heading for the door and thats despite all the positive news already landed and the potential to come.

No doubt he's also one of the not-so -independent Sage group.

What did he say about the MCap. Cant find any mention from him

Surely with Leap's current value, it would just be loose change to the likes of IMG/Endeavor. If they really wanted Leap they would have made an offer by now. The fact they own 25% may be putting others off making an offer.

Whether we like it or not our short to medium term aspirations lie in our Leap holding, everything else is small fry for now at least. I havent yet given up on Ed to make something of it. It certainly has potential. My bet is that it will be bought out by a bigger brand/gamer rather than an IPO as IPO's are a costly exercise especially as it is a rather niche product. But whatever is planned he needs to pull his finger out.

Not sure why people are getting peed off at the update. FFWD relies on any announcement of the comps they invest in and the stated NAV will be based on their latest updates prior to Sept 30th. What the update is missing and should have been included is what they did with the £2m also why the company is burning though its cash.

I'm struggling to see how we get to a NAV of even 14p without at least Leap being valued at 3 times it was in March. At 7% of our portfolio Portage would need a huge uplift to affect the NAV much. So in the short term I cant see a NAV above 11p. Happy to be proved wrong.

They are burning though a lot of money. Chances are they wont sail at all this year and will probably have to come back to the credit markets again.

All shares are a big gamble. Who knew 6 months ago the world would be hit with a pandemic. As for this share, it will depend on when they can start sailing again but when they do, there will likely be lots of people who want to get over it by having a cruise. My parents are itching to go and have one provisionally booked for Feb 21.

At this rate if Corbyn gets in he'll be able to renationalise RMG with loose change.