Member Info for zccax77

See PLUS and NMC. Many other cases.

Not sure if Marshall Wace is run by a person, think its run by Machine Algos.

The thing is only the yanks buy this since they know who Hill is and worship him like Buffett.

Yeesh, no need to answer that buddy, seen your other posts.

What about SXX?

Deos, you still in AML?

I doubt it will get taken private. This will need more capital to grow in the future, Hill needs access to this external capital. I think they need a proper level 2 ADR so US investors can buy. At the mo they cannot, otherwise this would be 12 quid a share minimum.

Auson that’s right Odey is a little scrote who would sell his own mother for a pretty penny.

Run-off the business. Sell all assets. Distribute residual value to shareholders.

I want this to go into voluntary liquidation, have zero faith in the board, more luck in getting a better outcome with appointing PWC restructuring.

Smartn, that is right. But one thing is for certain market can stay irrational longer than you can stay solvent.

Look at the balance sheet. No acquires goodwill/intangibles only cash and property. If it went into voluntary liquidation tomorrow, how much of your money would you get back?

The market is stupid. At this price I do not care outcome. Am experienced enough to know that the voluntary liquidation of this company will yield far more the Mcap. My valuation of any company is always the voluntary liquidation value.

Average of £18 is wrong. Need to look at the weighted average cost of capital which is book value of each share before retained deficit, it is £12/share and represents the actual paid in capital.

The 5.5%'s are not AT1 and neither were they issued with a credit rating hence higher coupon.

No they are not, they want to reduce BTL and commercial property loans and increase into SME financing. This is considered lower risk and has higher risk adjusted returns. Good timing, if there is a recession.

The board suffer from delusions of grandeur. They were expecting to get them off at 4%. They probably not aware of the share price and how much they are hated by the market. The idiot uk investors don't know value when they see it, I think this will be subsumed by an overseas investor since it is now too cheap.

What they needed to offer is 8%, I personally would have waited until Q3 results before doing this.

https://www.biznews.com/premium/2019/09/25/david-shapiro-capitec-uk-banking?utm_term=Autofeed&utm_medium=Social&utm_source=Facebook&fbclid=IwAR1-KJwhZuvlLFDCEITFQ4jUrqQ89qA3VnorU1Sd7CLhpimSc0O9wbuCBVs#Echobox=1569442583

Pacman, forget that best thing we can hope for is a sale of the business. Hill and the BoD are uninvestable, complete shower.