Funds Insider - Opening the door to funds

Welcome to the Citywire Funds Insider Forums, where members share investment ideas and discuss everything to do with their money.

You'll need to log in or set up an account to start new discussions or reply to existing ones. See you inside!

Notification

Icon
Error
Cash offer for BBGI - recommended. 20% uplift …
+ Reply to discussion
Options
Phil 2
Posted: 07 February 2025 07:46:04(UTC)
#33

Joined: 20/07/2018(UTC)
Posts: 2,111
“Absolute insanity, retail investors shunning 6-8%, quality, inflation-linked yields. Of course institutionals are going to buy them up.”

I didn’t understand this comment from KL - anyone care to enlighten me? Surely BBGI’s “retail investors” are just being paid off whether they like it or not?
Back to top Quote
Gary J
Posted: 07 February 2025 08:07:14(UTC)
#36

Joined: 22/02/2020(UTC)
Posts: 610

Thanks: 582 times
Was thanked: 1356 time(s) in 449 post(s)
Shunning = Reference to the discount to NAV here ( and on other decent names in the sector).
Back to top Quote
1 user thanked Gary J for this post.
Phil 2 on 07/02/2025(UTC)
Mr GL
Posted: 07 February 2025 08:37:11(UTC)
#34

Joined: 18/10/2020(UTC)
Posts: 5,158

Thanks: 6798 times
Was thanked: 18096 time(s) in 4264 post(s)
Phil 2;333532 wrote:
“Absolute insanity, retail investors shunning 6-8%, quality, inflation-linked yields. Of course institutionals are going to buy them up.”

I didn’t understand this comment from KL - anyone care to enlighten me? Surely BBGI’s “retail investors” are just being paid off whether they like it or not?


as in ahead of yesterday's announcement the discount to NAV of decent long term growth + inflation linked yields showed that retail investors (who Lodoski blames for the wide discounts) were being silly (they were shunning the investment)...

And now that an institutional investor has deemed it worthy to pay above NAV for a bunch of assets - that fit in well with its overall strategy - should encourage 'smarter' marginal retail buyers (assuming these can be found despite Lodoski forever slamming his audience as being monkeys) to add other similar funds trading at very wide discounts and reduce the marginal sellers as they reappraise their assessment of value now that NAV+ buyers have started to show up...

I would imagine other institutions will now do the lemming dance and will also be looking at listed infra share prices and also become net buyers at these still wide discounts and high dividend yields...

I am talking my book... but I am also one of those monkey-pox riddled people that are on the lodoski shit list so like him maybe you should treat me like the idiot I am... or not...

5.7% 3IN
1.5% PINT
0.9% GCP
2.9% HICL
3.8% INPP
0.9% NESF
0.9% ORIT
0.8% TRIG
3.2% UKW
20.6% averages ish
Back to top Quote
 |  Edit by user
4 users thanked Mr GL for this post.
Sheerman on 07/02/2025(UTC), Phil 2 on 07/02/2025(UTC), Dexi on 07/02/2025(UTC), Helen L on 08/02/2025(UTC)
Bob Brook
Posted: 07 February 2025 08:49:00(UTC)
#37

Joined: 12/04/2023(UTC)
Posts: 154

Thanks: 117 times
Was thanked: 322 time(s) in 118 post(s)
Bashing retail investors again ey. Doesnt help retailer investors have trouble buying these things on some platforms, still an issue with HL I believe? Thats a huge chunk of the UK retail sector that cant even buy these things.
Back to top Quote
3 users thanked Bob Brook for this post.
NoMoreKickingCans on 07/02/2025(UTC), Phil 2 on 07/02/2025(UTC), stephen_s on 07/02/2025(UTC)
Big boy
Posted: 07 February 2025 09:02:15(UTC)
#35

Joined: 20/01/2015(UTC)
Posts: 6,726

Thanks: 5729 times
Was thanked: 11154 time(s) in 4273 post(s)
Mr GL;333539 wrote:
Phil 2;333532 wrote:
“Absolute insanity, retail investors shunning 6-8%, quality, inflation-linked yields. Of course institutionals are going to buy them up.”

I didn’t understand this comment from KL - anyone care to enlighten me? Surely BBGI’s “retail investors” are just being paid off whether they like it or not?


as in ahead of yesterday's announcement the discount to NAV of decent long term growth + inflation linked yields showed that retail investors (who Lodoski blames for the wide discounts) were being silly (they were shunning the investment)...

And now that an institutional investor has deemed it worthy to pay above NAV for a bunch of assets - that fit in well with its overall strategy - should encourage 'smarter' marginal retail buyers (assuming these can be found despite Lodoski forever slamming his audience as being monkeys) to add other similar funds trading at very wide discounts and reduce the marginal sellers as they reappraise their assessment of value now that NAV+ buyers have started to show up...

I would imagine other institutions will now do the lemming dance and will also be looking at listed infra share prices and also become net buyers at these still wide discounts and high dividend yields...

I am talking my book... but I am also one of those monkey-pox riddled people that are on the lodoski shit list so like him maybe you should treat me like the idiot I am... or not...

5.7% 3IN
1.5% PINT
0.9% GCP
2.9% HICL
3.8% INPP
0.9% NESF
0.9% ORIT
0.8% TRIG
3.2% UKW
20.6% averages ish



This is just history repeating itself over and over again as investors flood in and flow out of sectors/areas and this is why we are all so lucky as the ITs and ICs reflects these trends. We dont need a load of factors or have a degree in order to do our DD and add value.

The Infra effect is very similar to many in the past.... Good to see you have a pile of "discount plays"
Back to top Quote
1 user thanked Big boy for this post.
Guest on 07/02/2025(UTC)
Mick Wilson
Posted: 14 February 2025 07:01:38(UTC)
#26

Joined: 10/02/2025(UTC)
Posts: 3
The Slow Hare;333481 wrote:
Hi Peter61, Phil 2

Can I ask why you sold?

I can see you did so at 145p, and am looking at my own (small) position; I was out this morning, and can the bid price on HL is currently 143.40 p this afternoon.

The cash offer is 147.50 p less any dividend paid before final close; as the RNS states, there is likely to be one and, looking at the AIC website, I'm guessing it will be 4.2 p.

Therefore, net cash offer price will be the 147.50 - 4.20 = 143.30 p. Very close to the HL bid price.

If I sell now I forgo the dividend, basically; on my own figures, waiting to get the net cash price and receive the dividend will be c. 3% better than selling now.

I understand the timetable is not terribly clear, and perhaps you just wish to get the money and move on (and avoid any issue if the offer falls through) but - am I missing anything?

Thanks.

I think the doc says the deal the expected to complete in Q3 2025 so in around 6 months time.
Using your numbers, if you hold until then you would get 4.2p in April and 143.3 in 6 months (assuming the deal completes). So total of 147.5. If you sell at 143.4 and reinvest you will get 143.4 plus 6 months of investment returns which might get you close to 147.5. An expected return less that 147.5 could considered acceptable as there is a risk that the deal will not complete pushing the price back down to the pre-deal levels.
Back to top Quote
Peter61
Posted: 14 February 2025 11:19:21(UTC)
#27

Joined: 22/05/2022(UTC)
Posts: 435
Mick Wilson;334311 wrote:

I think the doc says the deal the expected to complete in Q3 2025 so in around 6 months time.
Using your numbers, if you hold until then you would get 4.2p in April and 143.3 in 6 months (assuming the deal completes). So total of 147.5. If you sell at 143.4 and reinvest you will get 143.4 plus 6 months of investment returns which might get you close to 147.5. An expected return less that 147.5 could considered acceptable as there is a risk that the deal will not complete pushing the price back down to the pre-deal levels.


Even better if you get out at 145p. The only downside I can see is if another bidder comes in with a higher offer.

Pete
Back to top Quote
M21er
Posted: 13 March 2025 15:19:01(UTC)
#38

Joined: 01/07/2009(UTC)
Posts: 2
Hi,

I've been reading through the thread as a holder of BBGI.

Should we read anything into the purchase of 5% of the shares by Morgan Stanley disclosed today or is this just BCI mopping up shares? All other large shareholders seem to be selling down shareholdings


https://www.investegate.co.uk/an...ing-s-in-company/8778510

Thanks
Back to top Quote
4 Pages«Previous page234
+ Reply to discussion

Markets

Other markets