It's the downside of having funds as investors. They have no control over when they have to fund redemptions by their investors. When they do get an outflow they have to sell some of the fund investments to finance the required repayment. Clearly they sell those that have underperformed and BIRD is likely to be well up if not top of the list because of its past history. It may have more promise than all of the rest of their investments put together but that is as yet uncertain whereas the need to repay their investors now is certain and urgent. They don't use their own money to fund the redemptions. |
Out of the loop here. What confirms we are paid bots?
Also, I'm growing weary of commenting here so if anyone would like to pay me to continue, just pm for bank ac dert. |
Horneblower
What is the point in your comment?
Is it in any way constructive and helpful, or is it just a sense of misguided humour?
I have had alot on recently and made an oversight. Big deal! |
Oh dear.
I always suspected you all were bots.
This rather confirms it. |
NickB
Of course, I see what you mean. Instead of even considering individual investor portfolios, I had simply thought about funds that individuals would be invested in. How silly of me to only consider part of the picture. |
A slight equivalent would be me looking after someone else’s investment portfolio if they wanted to close it I would be forced to sell at 5.5p
Fund investors will be under pressure themselves. |
My guess would be there are declared rules that must be followed.
Remember fund managers get paid on AUM, and seek to avoid underperforming their benchmark, not making money for their clients.
It will not ultimately matter for us. |
NickB
I trust IM, SBS and SR 100%.
I am just sorry that they haven't found a way to persuade all of the institutional investors to stay on board. For any of them to be selling at the current price seems such a bad decision. If they look at their portfolios when they are deciding which shares to sell, to meet redemptions, I don't see how Blackbird, so close to elevate launch could be on the sell list. |
When large amounts of money is at stake it's difficult to truly know, but their high share ownership does add some confidence.
They come across as decent chaps.
So 9. |
‘ IM, SBS and SR we trust’
Actually that raises an interesting question, trust in the City looks very low
How much do you trust them on a scale of 0 - 10 ?
10 for me what about you guys? |
John
Absolutely!
BTW
elevate continues to work beautifully |
Who knows? In IM, SBS and SR we trust. Otherwise why are we here?
££££ not pence. |
Edit
Post moved to Guild due to speculative nature |
Pat
What is unrealistic? |
Another day older. |
The video from salmon9 link :- |
“Everything is realistic” - perfectly encapsulates the problem with this board. |
I am not a technical expert, but I just received an email from TVU with this link, and wonder if this is an example of them using Blackbird Enterprise technology which they associated themselves with approx 18 months or so ago. |
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