Allied Minds Share Discussion Threads

[iamgreat1] 24/1/2020 09:41

35p lads soon

[spectoacc] 24/1/2020 09:01

Absent news, we may have to wait until payment date in Feb for more interest, when holders of ALM suddenly find themselves with 12.6p/share to spend.

Assuming my (nicked from a guess at CRS's calc) previous NAV of 84p correct, it's c.71.5p after payment of the divi, so discount has widened out to 42% here.

Or as CRS put it - just one holding, valuation validated by a recent external funding round, backs the entire mkt cap less parent company cash.

Timing of returns, of course, remains an unknown.

[iamgreat1] 23/1/2020 15:36

Telling ya lads 35p

[stu15] 23/1/2020 13:51

I can see it jumping back in to the 50's very soon based on the companies fundamentals.

[itsnotmeitsy0u] 23/1/2020 13:38

naah not likely at all.you short I take it? In all senses of the word lol

[iamgreat1] 23/1/2020 13:13

Looking like 35p soon lads

[itsnotmeitsy0u] 23/1/2020 11:14

yes, very much likely imo. expecting a TU soon too.

[flyfisher] 23/1/2020 10:36

Federated wireless initiated its services several months ago and seems to have big potential, i wonder if it will be looking at an ipo later this year.

Hard to find much news on the other companies in the portfolio.
Would anyone have any new info on them.

[frazboy] 23/1/2020 09:46

I'm hoping that the share price may drift gently - in absence of news - over the next month or so. We'll see!

[spectoacc] 23/1/2020 09:21

Aye their initial average was over 60p. Well done, am a longer term holder here :)

[frazboy] 23/1/2020 09:14

Nicked a few p, thanks for the tip Specto. Will look to buy more at a certain price point as CRS were happy to pay significantly more than the current share price (dividend adjusted) judged by the timing of their holding RNSs.

[flyfisher] 23/1/2020 08:44

A surprisingly firm price in the opening sets auction.

[itsnotmeitsy0u] 23/1/2020 08:12

see? not so bad. back to the mid 50's in no time imho

[nw99] 23/1/2020 08:06

Gone ex today

[itsnotmeitsy0u] 23/1/2020 07:41

dont be daft - the PRP share price is triple what ALM is so relatively is not very much imho

[spectoacc] 23/1/2020 07:30

@Typo - looking at the run-up in PRP, not surprised it fell 30p ;)

[typo56] 22/1/2020 18:38

-12p perhaps

Best hope they don't go the way of PRP, which was ex 16p today but dropped almost 30p in the first 30 mins. Sloppy stop losses?

[itsnotmeitsy0u] 22/1/2020 18:29

well i bought in mainly for the div - a few k worth always keeps the wolf from the door

[spectoacc] 22/1/2020 16:49

Agreed, or at least a B-share issue to make the return one of capital. They can hardly claim to have been making profits!

A tender at say 80p would have been good - CRS may well not have taken it up, so could have got some over-allotment, & Invesco could have exited more.

Will see what tomorrow brings: -12p is my guess :)

[flyfisher] 22/1/2020 16:44

Yes indeed, a discounted redemption would have been my preferred option.

We still have a stock overhang.