Allied Minds Share Discussion Threads

[lastoneout] 23/4/2019 18:44

Results this week then?

[blueball] 21/4/2019 12:45

Another article the Sunday Times.

[aquaesulis01] 19/4/2019 18:13

Not difficult to find with google jac

hxxps://www.rosenlegal.com/cases-1348.html

[aquaesulis01] 19/4/2019 09:25

The class action is a year old so not new news and things look to be close to resolution in Guernsey

hxxps://citywire.co.uk/funds-insider/news/guernsey-expects-to-resolve-woodford-stocks-row-next-week/a1222205?ref=citywire-money-latest-news-list

[blueball] 18/4/2019 09:12

I agree Jak could be a turning point here.

[blueball] 17/4/2019 18:03

I wonder who is buying..?

[porsche1945] 17/4/2019 15:57

A class action has been announced in the US against Prothena, to do with their last capital raise and that investors were mislead, shares off about 40 pc, and the Guernsey stock exchange frozen the stuff Woodford listed down there to try and get around the unlisted percentage in his p'folio's, whole edifice looking like its about to go pop.

[blueball] 17/4/2019 09:04

Someones very confident.

[lastoneout] 16/4/2019 16:15

100k shares just bought at 60p

[investordave] 10/4/2019 13:38

Where are all yesterday's buyers? Selling presumably.

[davebowler] 10/4/2019 09:05

Crystal Amber comments
Allied Minds: Allied Minds describes itself as an early stage investor in technology and life science companies. In 2014, it listed on the London Stock Exchange at 190p a share, valuing the company at £398 million. In December 2016, it raised £64 million at 367p a share. Since its formation, Allied Minds has invested in over 40 companies. In 2017, it discontinued funding several portfolio companies to focus primarily on its six largest remaining portfolio companies. Last autumn, CRS initiated a position in Allied Minds and currently owns 2.7% of its issued share capital at a cost of 60p a share, equivalent to an discount of more than 50% to estimated net asset value.

CRS believes that a board that has presided over such poor long-term performance at Allied Minds and that sanctions a culture of egregious total compensation payments is not aligned with shareholders, nor is it best placed to deliver for shareholders.

The Investment Manager to CRS has identified a US-based lawyer with direct experience of running-off and realising assets in a US-based, London-listed investment company. CRS has therefore written to the Board of Allied Minds suggesting that CRS’ Investment Manager, in conjunction with the identified US-based lawyer, take over the management of the portfolio of Allied Minds, with total annual costs of running Allied Minds being limited to 1 per cent. of net assets of Allied Minds as at 31 December 2018. CRS also proposed that in the event that the total portfolio realisations exceeded 80p a share, a performance fee of 10 per cent. would be payable on any excess. On this basis, CRS believes the annual costs of running Allied Minds would fall by around 70 per cent.

[kooba] 10/4/2019 07:21

In depth article on the shareholder positionhttp://citywire.co.uk/funds-insider/news/crystal-amber-offers-to-wind-down-allied-minds-for-big-backers-woodford-and-barnett/a1219243

[kooba] 10/4/2019 06:28

Results last year 22 March ...no notification so far..are they trying to get some positive news over the line ? Portfolio IPO , monetisation or external validation of SciFluor or Precision Biopsy ..both being supported by existing holders.The board are certainly under pressure to show they are capable of delivering value for shareholders and the very discount to NAV shows the market does not believe they are up up to the job with the current overheads and model.IfWoodford and Invesco lose patience (some irony?) then the game could be up and give CA the mandate on orderly liquidation while there is still some value to be had.

[newtothisgame3] 10/4/2019 05:57

#ALM The Times: Crystal Amber, the activist investor that has built a 2.7% stake in #Allied #Minds, has demanded the break-up of the technology incubator.

[lastoneout] 09/4/2019 23:26

I think we tried testing 65p a couple of weeks ago and failed. Lets see what this week brings

[blueball] 09/4/2019 16:50

No fully loaded here.

Bull kumo breakout today.

[investordave] 09/4/2019 16:48

Are you in the market for more?

[investordave] 09/4/2019 16:46

Still a bit nervous about another top up at the moment.

[blueball] 09/4/2019 16:43

Think you better buy some more Dave.

[volsung] 09/4/2019 16:23

Be nice to leave 65p behind

[investordave] 09/4/2019 16:00

Yep. Everything in the garden looks rosy at the moment. Long may it continue.

[blueball] 09/4/2019 15:55

Looking great here for a re=rating.