Search found 28 matches

by Rooky102
July 31st, 2019, 12:03 pm
Forum: Investment Trusts and Unit Trusts
Topic: Value and Income Trust (VIN)
Replies: 0
Views: 642

Value and Income Trust (VIN)

Does anyone have a view on the goings on at VIN? The manager/major shareholder has gone, with precious little information from the board as to the circumstances. Maybe this is another punch up as at Athelney Trust. I have been happy holding until the promised NAV tender offer, following the expiry o...
by Rooky102
March 12th, 2018, 9:41 am
Forum: Gilts and Bonds
Topic: Aviva and General Accident preference shares
Replies: 552
Views: 26943

Re: Aviva and General Accident preference shares

For all the thousands of words now written, very little is by Aviva, but what there is is very specific. See: https://www.aviva.com/investors/credit-investors/ It says “We noted at our 2017 full year results that we have the ability to cancel the preference shares issued by Aviva plc and GA plc, at ...
by Rooky102
January 5th, 2018, 11:00 am
Forum: Other Investing
Topic: Cryptocurrencies, Bitcoin II
Replies: 82
Views: 8569

Re: Cryptocurrencies, Bitcoin II

There are many good tutorials on the web. Basically though the so-called miners consume the enormous amount of electricity, not just to power their specialist computers but also to cool them. Most mining is done in China, where there is local overcapacity of electricity production that can therefore...
by Rooky102
December 23rd, 2017, 4:09 pm
Forum: Other Investing
Topic: Cryptocurrencies, Bitcoin II
Replies: 82
Views: 8569

Re: Cryptocurrencies, Bitcoin II

Bag-holder is old terminology. In the brave new world of crypto beliefs the word is ‘hodler’, i.e. those whom the high priests have convinced to take financial martyrdom for the cause. They are to be found huddled (hodled?) together for mutual support on Reddit. A generation who have only seen centr...
by Rooky102
June 28th, 2017, 1:00 pm
Forum: Banking Sector
Topic: Co-op Bank deal in the offing?
Replies: 35
Views: 4754

Re: Co-op Bank deal in the offing?

"Retail" and "institutional" holders get different treatment - again.
by Rooky102
June 20th, 2017, 8:30 am
Forum: Banking Sector
Topic: Co-op Bank deal in the offing?
Replies: 35
Views: 4754

Re: Co-op Bank deal in the offing?

an orderly rundown by the Bank of England where the Co-op Bank’s account holders are protected but not the stakes of the investors I hope the BoE realises that forcing a rundown on the basis of the pension fund (which is what it now seems to have come down to) won't be better for the pensioners eit...
by Rooky102
June 17th, 2017, 4:01 pm
Forum: Banking Sector
Topic: Co-op Bank deal in the offing?
Replies: 35
Views: 4754

Re: Co-op Bank deal in the offing?

The view from Bloomberg.
seniors holding up well

https://www.bloomberg.com/news/articles ... co-op-bank
by Rooky102
June 16th, 2017, 6:12 pm
Forum: High Yield Portfolios (HYP) - Practical
Topic: TSCO Trading Statement
Replies: 9
Views: 1353

Re: TSCO Trading Statement

Tesco down 5% today, presumably on the threat from Amazon.

Amazon reminds me very much of Tesco a few years back - they think they can expand in all product and geographical directions while conquering all before them.
And we know what happened to Tesco. Hubris.
by Rooky102
June 16th, 2017, 9:34 am
Forum: Banking Sector
Topic: Co-op Bank deal in the offing?
Replies: 35
Views: 4754

Re: Co-op Bank deal in the offing?

Sky is getting the news:

http://news.sky.com/story/hedge-funds-e ... s-10916814

They've moved on to the difficult pension fund issues
by Rooky102
June 14th, 2017, 3:04 pm
Forum: Banking Sector
Topic: Co-op Bank deal in the offing?
Replies: 35
Views: 4754

Re: Co-op Bank deal in the offing?

Opps, I see that they were referring to Group as mutual, apologies to Sky reporter.

Maybe the Group can contribute other than cash to maintain some shareholding, such as their name or some underwriting of the pension fund.
by Rooky102
June 14th, 2017, 2:43 pm
Forum: Banking Sector
Topic: Co-op Bank deal in the offing?
Replies: 35
Views: 4754

Re: Co-op Bank deal in the offing?

More from Sky news: http://news.sky.com/story/co-op-group-stake-in-bank-to-be-slashed-under-hedge-fund-plan-10915335 Sky refers to 'the mutual', which makes me wonder how much they understand, but someone is briefing them pretty well. Not sure how the Group holding can drop to 5% if they are not put...
by Rooky102
June 8th, 2017, 7:44 pm
Forum: Banking Sector
Topic: Co-op Bank deal in the offing?
Replies: 35
Views: 4754

Re: Co-op Bank deal in the offing?

I have held on to too many 42RQ, and have no contact with ad hoc committee. On reading the tealeaves:- a 'A source close to the Co-op Bank' was quoted, so this is presumably an off the record briefing to Sky News, I wonder what they are trying to achieve by it. Auctions don't go too well with only o...
by Rooky102
June 1st, 2017, 10:23 am
Forum: Investment Trusts and Unit Trusts
Topic: Where are the bargains?
Replies: 8
Views: 2153

Re: Where are the bargains?

The discount for Manchester & London IT (MNL) is magical. -25% on 10th Jan, then improved suddenly to below -9% just two month's later. No RSN of a big buyer, but there was a big seller during the improved period - the majority owner and manager sold around 2.3 million shares. The discount start...
by Rooky102
May 31st, 2017, 6:47 pm
Forum: Investment Trusts and Unit Trusts
Topic: Where are the bargains?
Replies: 8
Views: 2153

Re: Where are the bargains?

P.S. don't forget the Wimbledon Centre Court debentures that the company owns - needs 2,500 shares plus to get put in a draw for them though. Very much one family's idea of an investment portfolio.
by Rooky102
May 31st, 2017, 6:15 pm
Forum: Investment Trusts and Unit Trusts
Topic: Where are the bargains?
Replies: 8
Views: 2153

Re: Where are the bargains?

Manchester & London Ord MNL - isn't it a bit of a strange animal? - Manager Mark Sheppard (via M&M Investment Co,) has 11.2 million shares, 52.22%, (approx £39M) - But he has sold 2.3 million of shares (for around £7.5 million) since Feb - it holds a mixed bag of shares and IT's, including S...
by Rooky102
May 26th, 2017, 4:09 pm
Forum: Other Investing
Topic: Zopa scraps Safeguard
Replies: 6
Views: 1274

Zopa scraps Safeguard

http://blog.zopa.com/2017/05/25/introducing-the-zopa-ifisa-and-zopa-core/ "Core will offer initial target returns of 3.9%, and will not be covered by the Safeguard fund. Classic and Access will not be available for investors currently on the waiting list or future investors, however current inv...
by Rooky102
April 21st, 2017, 10:56 am
Forum: Investment Strategies
Topic: Ideas for Long Term One Off Investment
Replies: 42
Views: 4072

Re: Ideas for Long Term One Off Investment

(places tongue firmly in cheek) Your initial post recognises that you are already in a trap, and this one is an ‘indefinite hold’, i.e. no escape other than death. The kind of lively investment such as a global microcap fund will have good years (her skill at the choice) and bad years (your fault fo...
by Rooky102
April 5th, 2017, 10:49 pm
Forum: Cars, Driving, Motorbikes or any Transport
Topic: Selling a car outright
Replies: 40
Views: 2441

Re: Selling a car outright

WeBuyAnyCar is part of the British Car Auctions group (now BCA). There has to be room for WBAC operating profit, then profit at the BCA auction, then sold to a dealer - many of whom sell through Autotrader and also make a profit. It is very difficult to see how a WBAC offer can get any where near a ...

Go to advanced search