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Ah yes, that probably explains Blackrocks divestment rather than in one of their active funds..

I would imagine the current sell off is more being caused by Blackrock fully exiting their position.

Notified last week that they moved below 5% but I would imagine they probably don't tweak allocations to what will be small holdings like this for them and will be fully exiting.

I think wise to hold on at these levels and wait for them to finish...

ARM IPO a massive success - should breath confidence back into IPO market... This then should have direct implications for CHRY portfolio yet this remains beneath even 1 month highs! Puzzling....

This trust is truly out of favour. The move over the last couple of days hasn't been seen in CHRY which is probably the closest comparison.

This situation of reporting a NAV of over 700p just seems bonkers and I can't see how else it gets resolved.

Remarkable to be down almost 40% YTD in a year that should have played to a recovery many of the names in the portfolio.

Does anyone know if they have ever referenced the discount and shocking SP performance in the context of winding the trust up?

Deal done at £142m by the sounds...

All depends on how competitive the bidding process is I guess... Stock trading quite tight today at pretty big volume so maybe this is the lower bound... I can't see the price being below £1.60 so I'm quite happy continuing to sit on this for now...

The two who have already provided cash offers are the serious bidders. My money is on Integrafin who have a track record of acquiring businesses over the last 5 or so years. My guess is the offer will be around £1.75-£1.85.

:) as predicted
Happy shareholder

cineworld saying this morning this could put them out of business. look at the market cap vs enterprise value. highly levered businesses are going to really struggle.
unfortunately i misjudged how rapidly this virus was going to get out of hand, but it is really, really going to hit those businesses with high amounts of debt.
people still talking about 30p need to grow up and accept this is now a close your eyes and hope situation.

This share just cant find any support. No issues with underlying business. Definitely see this getting bought out at these levels.

Wait Mark, you have invested in ESL, NMC, Debenhams AND Burford??! Good lord, that is some rap sheet.

For record, I am owner here hoping for longer-term turnaround story.
Most rampers seem to have headed off, but I think Flybe story shows why simply having revenues of c.£800m does not justify any form market cap. Turning this company around depends on their ability to manage and service the debt in many ways, and the impact Coronavirus might have on this business model / to a struggling business like ES/Flybe are probably scaring people away from the stock atm.
I think it's important to mention the above to counter the reckless '20/30p' chat as many inexperienced investors read these boards and need to understand that investing in this company is at the top end of the risk spectrum, meaning results could be 100% in either direction.

Btw Dbay equity investment was at 6p . At a valuation of around £20m.
Most is debt refinancing.

Great spot on Miton

next move out of this range is important. need to see it get back up to 10 if it is going to maintain some momentum. would be positive to set a base around 10 going into next week.

people talking about the 30m market cap would do well to understand enterprise value...
with debt, EV is closer to 200m which needs to be factored in if you're trying to look at the cap vs revenue.
not trying to put people off - i am a holder and think risk/reward is in our favour here, but dont kid yourselves over the level of risk involved in these aim stocks with such massive amounts of debt.

Oh drop me out mate! Can’t evidence a reason for feeling uncomfortable on this!!! How about the halving of the share price?! And the fact that a growth stock is telling us that revenues are in decline. There has been no bounce back and I think it’s smart to cut losses here for me. You do you. Anyone who posts on here should accept people who are of a different view to them. Anyone bearish gets blasted. Not a good investing habit to ignore other side of the coin.

And I would argue that the bulls are the ones that need the evidence on this stock

Have been following for just over a year and moving a bit. Have managed to bring cost down to 117p in this sell off. As have expressed here previously, just getting slightly uncomfortable about potential downside vs potential upside. Not ruling out coming back in but I have always been taught to manage losses carefully. Just my style though. Blanket sales was referring to fact that there were practically no buys, similar on Monday.

blanket sales today leading into a supposed RNS just doesn't fill me with confidence.. insiders know best..