Just exited my Dragon Ukrainian Property position at a touch over 15p. This is a pretty disappointing result. It is far less than the company’s NAV which is more than double this amount.
The tender offer has been accepted by over 50% (59.61%) of the shareholders at 15p. This means it will happen. The remaining shareholders have until August the first to tender (brokers may have earlier deadlines) If more than 75% accept it’s likely the company will be delisted, if 90% accept the minority gets squeezed out.
Continue reading “DUPD – exiting at just over 15p – c+14%” →
Just got a notice from my broker – Hargreaves Lansdown that there has been a 0.37c tender offer for all of Tejoori from Southey Capital Ltd.
There havent been any RNS’s about this so many in the market may not yet know.
I have had a think about this and I won’t be accepting.
Continue reading “Tejoori 37c tender offer – don’t accept, its worth almost double…” →
A couple of weeks ago I bought a very small (just over 1%) (probably too small) portfolio weight in 4D Pharma at 247p per share.
This is very much an experiment for me – its the first pharma stock I have ever bought in my 17 years investing.
DDDD are a company involved in developing remedies related to bio-theraputics. This is using the body’s own bacteria / product of that bacteria to heal. They are initially focused on gastrointestinal issues.
Continue reading “$DDDD 4D Pharma – an experiment” →