Schroder Uk Public Private Share Discussion Threads

[johnwig] 26/9/2020 09:16

Spectoacc/adae is getting truly desperate. Did anybody understand this last troll post, especially his totally incomprehensible second paragraph? The only shot the old fart has in his locker is to call SUPP investors "Woodford Fans". How stale and frankly pathetic is that?

He is himself on his last legs as an investor having made many disastrous but nevertheless pompous choices in his own portfolio (£500 each in fifty different mad property shares, it looks like, LOL). Has anybody looked at TORO, for instance, which he has been really ramping? Its chart in 2020 looks like a side shot of Niagara Falls

He lives in his own rather smelly bubble except when he ventures out to challenge the Covid 19 lockdown. Anybody living within 30 miles of Tadcaster or Harrogate (that includes you, jonwig) had better not risk going into their local Morrisons in case Speccy comes and breathes all over you.

[spectoacc] 26/9/2020 08:30

The Woodford fans are still around, still as ignorant, and the NAV's still fake :) But at least management have changed (albeit taking a hefty fee).

"Benefactor money" is so true - and frequently Fat Bloke Finance, it going to mates. Much interconnectedness with eg the RAV set-up, or CIR/IPO, or Barnett, or ALM.

No need to look at the top 20 now - top 3 are 51% of the trust according to HL (not sure where they get this from - differs from last Factsheet). RUTH largest at 20% & the classic charity co. The rather good ON second at 17%. The "need to raise cash" ATOM third at 14%.

Not the fiasco it once was, but Schroders been unable to add a single new investment, and NAV isn't c.46p.

[chinahere] 25/9/2020 22:12

Those were heady days a couple of years back when we were in the minority on here decrying WPCT and its pitiful holdings.

There were many well researched posters on here then questioning Woodford's investments - thanks everyone - it meant I got out and only 10% down.

I did some research at the time and went through the top 20 holdings and I quickly realised that they were mostly bad. It all looked to me like the work of a benefactor giving money away to good or hopeful causes.

But it wasn't Wooodford's money that he was giving away!!

[spectoacc] 23/9/2020 15:01

I'd love an answer to that from the multi-handled Woodford fan. I know what I think.

Then again - I also know what I think the NAV really is. Plenty of evidence in posts above.

As of end-June, I'd have expected Forex reversal vs Autolus about ironing out. ON may be marked up to that date, but depends if they write off the comedy £14m of IH too. ON due a mark-up in the subsequent qtr.

RUTH could well be back a bit, & hard to see how they can say Atom (needing to raise money early next year) can have risen in value.

But you never know with Link, even now there's no longer a daily Not Asset Value done to two decimal places.

With any luck, there'll be an up-to-date commentary from Schroders Juniors too, beyond the June quarter end.

[cfhaigh76] 23/9/2020 14:50

Any reasoned thoughts as to what the NAV could look like when announced?

[oiltakeyouhomeagaincaitlin] 22/9/2020 16:17

Earlier today I bought 50k of these at just a smidgeon over 27p. As a long term investment it's a no-brainer and the discount to NAV is pretty juicy too.

It's not that I don't care what spectoacc has to say (and I don't) it is rather the fact that he doesn't have a clue about investment parameters. I took a quick look at some of his pronouncements on shares in which I myself have an interest, and I was struck with his major errors of prediction and assessment. I feel quite sorry for him, and I reckon if he had less of that tyke high overconfidence many others would feel the same.

[spectoacc] 22/9/2020 16:13

Yes, if not imminently - last one was 22nd June for 31st March. Some difference from daily :)

The quoted write-down should be reversed (Autolus) but the FX impact may be reversed (tho may have mainly happened post). Unquoted -5.7% last time..

[scrapheap] 22/9/2020 16:09

Presuming the NAV will be announced within the next week or so...

[jonwig] 20/9/2020 08:35

At least two other claims in motion or preparation. Lawyerly folks must think there's money to be made (for themselves, anyway!)

Spec - As you see in the header, it's quite full-on topic!

[spectoacc] 20/9/2020 08:21

Only slightly OT - if you Google "Hargreaves Lansdown", the top result (a paid-for ad) is this:

[spectoacc] 18/9/2020 14:35

Ha ha don't get me started on 20p ;)

Maybe City Of London IM Co read my posts above?

Only news I've seen today was on Autolus, but that seemed mildly positive and is hardly a big position. To knock a decent % off really needs something on ON, Atom, or RUTH.

[chucko1] 18/9/2020 11:44

There is a chunky seller this morning, but I cannot read his or her mind. Clearly does not think SUPP is worth 30p. 20p for anyone?

[scrapheap] 18/9/2020 11:35

Interesting markdown on no news I'm aware of .... is the latest NAV going to be a shocker?

[johnwig] 15/9/2020 17:22

And eighty yards across the river is the local sewage works, honestly! Perhaps you can find a job for old spectoacc wafting away the stink on a summer's day. He produces enough wind normally to certainly mitigate the smell for an hour or two.

You two old losers could then spend your waning years together at last.

Do you want me to post the aerial view? LOL

[spectoacc] 15/9/2020 14:27

ON is a fair point. Think I'd buy IPO Group for it - altho interesting IPO been small sellers.

From what they announced at last ON fundraise (when IPO sold some), I think valued at c.£1.6bn, vs c.£1.8bn in Link's NAV now. Neither unreasonable, but there's going to be more dilution before profits.


From ON website:

"Seed funding was obtained in two rounds, from IP Group in 2005.
In June 2006 the company raised £7.75m
In March 2008 the company raised a further £10m.
In January 2009 the Company announced an $18m (£11.9m) and a separate £2.1m investment
In February 2010 Oxford Nanopore raised £17.4m from existing investors and new, undisclosed US-based investors.
In April 2011 the Company raised £25m from existing and new institutional and independent investors based in the UK and US.
In May 2012 the Company raised £31.4m ($50.8m), the majority of which was from existing investors.
In October 2013 Oxford Nanopore raised £40m from new and existing investors in the US and Europe.
In August 2014 Oxford Nanopore raised £35m from new and existing investors in the US and Europe.
In July 2015 Oxford Nanopore raised £70m from new and existing investors in the US and Europe.
In December 2016 Oxford Nanopore raised £100m from new and existing investors worldwide.
In March 2018 Oxford Nanopore raised £100M ($140M) from global investors
In 2020 Oxford Nanopore announced that it had raised £29M + £49.4M in new capital in two tranches"


Expecting it to be marked up again at next NAV, based on the Covid newsflow.

[chucko1] 15/9/2020 13:56

I think most of them who are capable of rational thought have simply closed their eyes for fear of what they might see. Perhaps supported by the belief that a 30% discount is fair compensation for any remaining (post-Woody) valuation corrections to come. There was the same argument 50p higher, of course (albeit less of a discount).

Or more rationally that ON is really valuable and could yet deliver breathing space and flexibility to the Schroders youth club.

I would prefer to invest in a fund with more than just one credible asset.

[chuckol] 01/9/2020 11:28

From the corrupt SUPP thread!

"SpectoAcc - 02 Apr 2020 - 06:57:41 - 280 of 539

0-20p - been calling it for absolutely ages."



SP then 22p, now 36% higher. Hee Hee


specto showing what a great share prophet he is. LOL