Twentyfour Select Monthl... Takeover Rumours (SMIF)

Continuing the off topic theme of dyi platforms, AJBell pounded by a downgrade today from Citi who accuse it of over-indulgent profit from net interest on client balances. Ahem!! Which makes AJBell vulnerable to cost cutting from key competitors ... do they mean HL to be owned by CVC or II now part of Aberdeen? They are all at the net interest game and charges for services are so low everywhere there is not much to cut. Citi fail to observe AJBell is also ripe for a takeover no doubt at a premium. Meanwhile SMIF continues to expand, hoping for 90p + some this year, but I wonder if it can continue to find super surplus income above a 7p dividend?