Sqn Asset Finance Income Share Discussion Threads

[scburbs] 13/2/2020 10:23

They can’t possibly win the continuation vote with SQN in situe and the board will get soundings from shareholders to that effect. SQN may stay on if a wind up strategy is adopted.

Far too many issues and even if some issues can be worked through, they have highlighted the poor diversification/portfolio construction.

However, a new manager with a sensible strategy could be better for shareholders than a winding up (avoids wind up costs and issues with longevity of existing portfolio etc.). Given the company is of reasonable size (subject loans being recoverable!) they may be able to offer exits for those who want them.

[spectoacc] 13/2/2020 07:34

Rather surprised by this, but a positive, notwithstanding that I'm sure many would prefer the November continuation vote to be lost:

"In addition, the Board has commenced its strategic review of the Company, including the provision of investment management services. The Board is pleased to advise shareholders that a large number of expressions of interest have been received from a wide range of investment managers. Requests for Proposal have been sent to those managers that the Board feel could be suitable to manage the assets of the Company. Initial meetings with managers are expected to take place in early March 2020 with the process being completed during April 2020, unless the Board determines that there is a requirement for detailed due diligence work, which may cause any announcement to be delayed beyond that date. "


Edit - and if I was a betting man: "KPMG Ireland say the AD valuations are fine. We're keeping SQN on reduced fees". Not long to wait..

[scburbs] 12/2/2020 10:35

LOL! Very true.

[eeza] 12/2/2020 09:07

They get the lines - but s/hlders get the caning !!

[scburbs] 12/2/2020 08:46

Surely lines are in order as well as staying behind after home time to clear up the mess?

I must not invest other people’s money in AD assets...

[eeza] 12/2/2020 08:00

Yes - a non-change.

Nonsense.

[spectoacc] 12/2/2020 07:59

..But continuing to advise on the AD assets. Lol.

[eeza] 12/2/2020 07:54

RNS
Management change

[eeza] 11/2/2020 08:17

Exceeded your target, spec, 49.30p bid.
Need a new one.

[spectoacc] 11/2/2020 08:12

Whoa, missed that - 50p target price, I say it's good value here. Not bought - all my money's in the C's.

Surprised no more Holdings RNS's yet.

[eeza] 10/2/2020 16:12

SDR dumping more.

[andyj] 10/2/2020 16:02

Well, just when it seemed stable...what on Earth now?

[spectoacc] 06/2/2020 16:26

No, even for the Ords, who have paid a fraction in capital.

Need an RNS to confirm selling done.

[eeza] 06/2/2020 16:17

Not the usual sort of XD day.

[eeza] 06/2/2020 13:22

Lol !!!

Yes, only 76.20p atm.

[spectoacc] 06/2/2020 13:06

"eeza 6 Feb '20 - 12:58 - 424 of 424
0 0 0
Offering C's at 86.20p now."


Not now, but in a few months ;)

[eeza] 06/2/2020 12:58

Offering C's at 86.20p now.

[spectoacc] 06/2/2020 12:30

Not bad for XD day, albeit monthly XD means always small (and in SQNX's case, covered by earnings).

[mushypeas] 06/2/2020 12:19

Vote of confidence by Peter Spiller at CGT.

[eeza] 05/2/2020 17:39

150k @ 74.50p late reported in C's from 1500hrs.

389k @ 53.50p late reported from 1445 in the Ords.

So far !

[eeza] 05/2/2020 11:30

A few brave souls dipping their toe in.

[spectoacc] 05/2/2020 09:52

True, could be seeing the trades from days ago.

Very happy to be long the C's. Own no Ords.

[eeza] 05/2/2020 09:49

May be some to be yet reported.

Still too early to jump in, imo.

[spectoacc] 05/2/2020 09:42

....Or all. Annoying, not bought under 71p, when clearly been trades at 70p. Can't say I've seen 14m go through in total tho.

[eeza] 05/2/2020 07:50

Get your hat salted.