Schroder Uk Public Private Share Discussion Threads

[oiltakeyouhomeagaincaitlin] 01/1/2021 22:53

Billy-no-mates spectoacc is desperately pretending he isn’t reading all the unfavourable posts that have been written, justifiably, on all those other threads, about his slag trolling behaviour.

He is going to church tomorrow along with the Archbishop of York (alias jonwig), his last living little helper, to earnestly pray that SUPP drops 3p at least on Tuesday. Lol!

[jonwig] 01/1/2021 16:49

That would be from the BoD, I guess. Dead, or just sleeping?

[spectoacc] 01/1/2021 16:40

How do we non-WEIF holders feel about possible compensation? Link were pretty bad IMO, HL probably worse, Craig & Neil appalling (eg Guernsey listings). But no one with any nous should have still been in WEIF by the end (and that includes Kent Council).

Similarly, should WPCT shareholders get compensation for taking on a risk that was in plain sight?

[jonwig] 01/1/2021 12:25

Legal action against WEIF -



Snippet:

Five law firms have considered the viability of taking legal action, but which is the best one to turn to? ShareSoc, ever the champion of the private shareholder, has endorsed Leigh Day, who decided that Link was most at fault. The firm says that the case stems from Link breaching the rules of the FCA Handbook and failing to “properly carry out the management function of the [fund]” due to allowing WEIF “to hold excessive levels of illiquid or difficult-to-sell investments, and that this caused investors significant loss”.

Legal remedies can be expensive, so Cliff Weight, a director of ShareSoc, says it was important to find lawyers who would charge no fees unless the claim was successful. Leigh Day would then keep 30 per cent of the settlement, and 70 per cent would be distributed among those who had instructed the firm to act for them. To avoid claimants becoming liable for defendants’ costs if the case is lost, after-the-event insurance has been taken out.

Mr Weight points to another advantage in this sort of arrangement. If they lose, the claimant’s lawyers will have worked for no reward. Lawyers will never take on a case on a no-win-no-fee basis unless they think that the odds of winning are in their favour.

[johnwig] 31/12/2020 10:30

I reproduce a post from chucko with no comment apart from a suppressed giggle. Probably jonwig was in this too: they like the same things, unsurprisingly.




"chuckol31 Dec '20 - 08:55 - 215 of 215

Ha Ha. Has anyone seen how spectoacc's huge investment in SPPC has dropped down to zero from 100p. What a prediction genius! Big big loss. That's where overconfidence gets you. He was ramping it to the end. LOL LOL

He's got a few others on the brink of the abyss. Hopeless and helpless. Watch this space..."

[chuckol] 31/12/2020 08:55

Ha Ha. Has anyone seen how spectoacc's huge investment in SPPC has dropped down to zero from 100p. What a prediction genius! Big big loss. That's where overconfidence gets you. He was ramping it to the end. LOL LOL

He's got a few others on the brink of the abyss. Hopeless and helpless. Watch this space...

[pete_bane] 29/12/2020 10:04

Specto and jonwig are trying the old conflation con-trick. Fat lot of good it did them the last time. LOL

[jonwig] 22/12/2020 16:11

Mmm - see what you mean. They say they've bought Seneca, which had a good reputation in pharma, etc.

[spectoacc] 22/12/2020 15:41

10% for East Riding I see. They really are the go-to for new issues, tho in fairness SBSI looks a lot better than SBO.

Got to laugh at the SUPP stakebuilders - and who's selling? That's c.8% of the co been picked up by CLIG & Momentum Global in the past few weeks. Rewarded with another write down, with some glaring ones still to come (eg IH).


"You don't have to be white to work here, but it helps".

Eventually, someone will get it right - but have to wonder at the level of research done by all the "investors" on the long road down.

(CLIG may yet be the exception - 7% on the cheap from former WEIF, and IMO 3% extra is to enable them to call an EGM).

[jonwig] 22/12/2020 14:42

SBSI - and we should learn that soon.

[spectoacc] 22/12/2020 13:42

Thanks @Jonwig.

Another stake buyer in SUPP declared themselves today - would explain the recent perkiness - tho wonder how they feel at buying right before the Ombu news and 70% write down :)

SPI's NHS deal RNS'd yesterday, may have some relevance to RUTH, who'll make up a big part of the Trust if/when ON exits this coming year. (Is there an individual position size limit in SUPP still? Not that Woody followed it).

Edit - what's the Social one's ticker, and how many did Schroders & Easy Yorks Council have to subscribe to this time?

[1tcm1] 22/12/2020 09:00

Also another thing our defective little troll spectoacc forgot to mention on the crooked thread was that SUPP was NUMBER FIVE on the latest FT weekend list of small-cap WINNERS.

His long repetitious post was devoid of any facts but full of his fingers-crossed fucwit fantasies, LOL

[jonwig] 22/12/2020 08:41

Schroder BSC Social (SBSI) starts dealings today. Another which had to be heavily supported by Schroders. This is in quite a fashionable sector. (HOME went quickly to a premium - currently about 7%.)

[chuckol] 21/12/2020 16:38

Hmm. The closing bid price for SUPP has ended UP every day for (at least) SIX days in a row.

Very interesting. Could be a real shift up in the offing.

[spectoacc] 21/12/2020 12:38

Missed that - no doubt SUPP shareholders will be delighted to see SUPP keep exposure to the new vehicle, rather than take the cash. I'd have taken the cash.

Ombu small in the scheme of things, but was still no.9 at last NAV, ahead of Autolus, to put it in perspective, and not far off Industrial Heat, another c.£14m Not Asset Value [as compared to Ombu; AUTO is at least real].

It's still mostly about RUTH, ON, & needs-cash-very-soon ATOM, but another that proves what a long tail of junk there is.

2021 has got to be about an ON listing. SUPP is a lot more interesting now than it was, wouldn't rule out a rise back to the mid-30's.

[chucko1] 21/12/2020 12:21

Just the 71.4% write down in Ombu. Was this signalled, or is this further indicative of what is in store? I have not been following the smaller assets but this should be concerning to the faithful if not previously just a specific risk.

[scrapheap] 21/12/2020 11:14

Another £10m write down then from today's RNS....

[spectoacc] 19/12/2020 19:41

Thanks @Jonwig. Have never thought the legal actions have much chance of success, and this doesn't inspire confidence:

"Leigh Day’s investigations lead it to believe that Link allowed WEIF to hold excessive levels of illiquid or difficult-to-sell investments...".

They don't say!


Book:


"The untold story" - well, unless you'd been reading the ADVFN BBs since 2016? Wonder if it'll have anything in that we don't know already. Will add it to my Xmas list.

I'd still like to know where all the money's gone - Neil & Craig's money from WIM - yet Woody had to sell the majority of his WPCT to meet a tax bill (or not, as pointed out at the time).

A strong witching UT from SUPP on Friday, but surely more interesting now whilst CLIG's intentions are unclear. Also more talk of ON float being in 2021, which has the potential to wipe the OD. Not sure a fund consisting of RUTH, ATOM, and a long tail of junk is much better than now, but at least it wouldn't be geared junk.

Could the Schroders Juniors yet have the last laugh, with their 4th qtr 2021 target? Possibly, but I doubt it.


[Edit - another book - wonder when TW will write one:

[jonwig] 19/12/2020 19:07

The Leigh Day legal action against Link:



[Probably free to read if registered.]

Other cases against other parties are pending.
A book, “When the Fund Stops” is due to be published in the new year about the whole Woodford story.