The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
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Last year Corcel gave project timelines. Click on photo in link and you can see Burwell was supposed to have been constructed by now.
https://mobile.twitter.com/VipassanaTrades/status/1298194036541591559
I know people mention Parsons but Corcel CEO Scott Kaintz also has an appalling reputation. He's been at this company (formerly called RGM) for around 10 years and all those former disasters partially belong to him. Scott is also CEO of Curzon energy (CZN) and they have been in in suspension for around 6 months.
Scott along with James are shockers. I'm flabbergasted how must trust and belief some PIs have in this management.
zumore........... I was concerned about JP........... For interest, I wrote to JP yesterday and today and finally received a reply. In summary he concurs the market has not reacted well to what he thought was a "solid update". He seemed to put the negative reaction down to the fact that the market demands short term action from a long term business. I am slightly concerned that he didnt see the shortly/imminent lease signing as a short term action that the market was expecting to be delivered and the additional extension cushion seemed to lead one to think delays are on the cards....... maybe even imminently !!. His overriding message was [verbatim extract from his e mail]
"that corcel have set out a pretty clear strategy and will build the NAV by unlocking current assets [perhaps not quick enough I acknowledge!] and by pursuing new assets in our chosen space. We do believe this will provide shareholders with significant value in the medium term........"
So there you have it....... rainbow chasers and traders be gone.......... this is a mid term bagger not an imminent bagger..... will I buy more and average down.?............... nope. B
I am happy with mid term bagging.
Looks like we could finish blue today.
" ... I wrote to JP yesterday and today and finally received a reply. ...
... will build the NAV by unlocking current assets ... We do believe this will provide shareholders with significant value in the medium term ... "
Yrabsmurruc,
You're clearly a hard man to please!
A reply after just a day is impressive, but you're complaining!
Check out the KIBO boards, where shareholders never get answered at all, which is not unusual for AIM.
And building up CRCL's NAV by unlocking the hidden value in the medium-term is also impressive, yet once again you're complaining! How long did you think it was going to take?
I think that a reasonable definition of short/medium long term is:
Short-term: days and weeks.
Medium -term: months. - Minimum 2 months.
Long-term: years. - Minimum 2 years.
But as share prices reflect future expectations, that doesn't mean that the s.p, as opposed to NAV, can't increase in the short -term.
Some events can be important steps on the road to increasing NAV, and the s.p. will be rewarded as they are passed.
E.g. signing the Burwell lease, or agreeing a share of the Wo Wo Gap nickel project from RMI.
I'm certainly expecting the CRCL s.p. to increase very significantly over the coming weeks and months.
But by all means don't buy more ... and leave more cheap stock for the rest of us!
Thanks hedge, yes not easily pleased and I know JP from the Sound days…. He managed to get the SP from 5p to 100p and back down to a penny in about 5 years….. just want the 1p to a 100p and no retrace… not too much to ask is it, and I will even give him to Xmas to do it…. See I am nice. Good pull back today…….B
Sound from 100 to 1p in 5 yrs? plenty of others did same or worse,
PMO TLW HUR, the list goes on and on.
Yes Luke1 is still here after 10 years -old and past it but expecting great things at long last !
Nice to see a strong recovery from morning lows and MAST up nearly 10% today
morning all. It will be interesting to see if we mirror MAST in terms of valuation and SP activity once the imminent lease is signed..... looks like imminent doesn't mean this week then....... maybe next week....... B