The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
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tiddlers perking up
really seems a no brainer
tp 50p++
OBNW : I think in normal historical instances, your analysis of Merc would be correct, but outside forces are gathering a pace.
The global bond market (given abrupt and possibly prolonged rate increases), may cause an unwind of the $600 Trillion derivative market (ie. bonds with now low yields). The fall-out from such an unwind is anyone's guess, but I'm thinking it won't be positive. Hang onto your cash OBNW.
Have sat on hands for ages but looking at the tables here these are still very undervalued even allowing for our investments in unquoteds. In this economic climate I am not rushing but may well choose at some point to sink more cash into this holding.
Glad to be of service Barchid.
Shimmer with the Zimmer, Boards you have made my motning with that one....
Barchid
Hopefully the E-Zimmer will have become sufficiently sophisticated enough to enable a £1 Merc share price celebration, when the time arrives. Perhaps a "shimmer with the zimmer" maybe possible in the distant future. Hold on to your mufflers.
Boards
Or you could go slightly east of China for your "thriller" you mentioned.
I would suggest a "Thrilla in Manila", even our non UK residing Herr Scharnhorst could be comfortable there, plenty of refugees from Westphalia in their night clubs, perhaps when MERC reach £1 we could all go ?!
Will the equity bounce happen ? Some predict one followed by another sell-off. My tea leaves are telling me my cup is empty and it's time for a top-up (the tea that is).
Not sure if it's Indian or China tea ? I need to have a closer look into it , in case I become enslaved by it's addictive properties. It's the Opium Wars all over again.
interesting to know whether the 28,5p was a sell...
for the first time in a few days, MMs are not prepared to take large volumes (100k+)...perhaps a small retrace on cards
how delightfully cynical and last millennium
chinese do the enslaving nowadays
keep up
I'm sure the IMF and World Bank will be happy to enslave them :)
not many countries outside EU/UK /Japan/AUSNZ have luxury of borrowing long term in their currency
Obviously they are looking after their own backyard, but what this now means for the debt of sovereign nations and their associated fiat currencies, is an unfolding story.
We're all sucking on the teats of the big sow, but will she be a good parent ?
Just like it was better to over loosen than under loosen? They’re full of it.
Mr Powell intimating future rate hikes (better to over than under tighten). "Zombie Shakeout" as banks de-risk. So higher rates for VC's means higher demand (given banks risk averse), but fundraising difficult. So Merc has it's current cash stash (erosion by inflation NWS), lets see how they adjust their balance sheet accordingly. It could be a "Thriller".
a little institutional dabbling today perhaps
unlike poor VC outfits, they don't rush to premature listings (which expose the struggling company to glare of ill formed and capricious views...and makes life extremely difficult for them in choppy times like this)
if you wanted to script a pretty decent narrative, MERC has it (cash, fcf positive from AuM, experienced management, good brand, good client rels esp with Northern Powerhouse, growing space...inward investment/levelling up, weak £ and need to onshore)
For even better narrative and sp>£1, they need to ape IPX...and go for serious AuM growth
I’ve just watched a recording of Monday’s presentation on the IMC platform, free to join.
Worth listening to as the investment chief says their companies continue in good shape which should augur well for the results reported on 7th December. I appreciate the effort they’re making to publicise progress being made.
probably seem cheap come end of Nov
18:00 pm for FOMC rate announcement.
Lets see if the old US dollar ponzi scheme has got any road left https://www.youtube.com/watch?v=MrZFq0IOxJo
hold 290k
Happy to scale up
tp 50p++
VC has been seriously out of fashion lately and that has to have had an impact on the share price. VC management is just a part of their business, so hopefully they’ve been wrongly convicted. Their directly held portfolio looks a bit VC but it isn’t to my mind because they have several years of close association before choosing to add to the stable. To my mind an analogy is Coolmore Stud selecting future Group 1 winners.
Back to form boards :-) Lots of English will need to keep their home fires burning this winter - tables, chairs, pets, old relatives…
to break higher
FIPP announced solid results today...VC managers may come back into investors' minds soon...some of the best are priced for wipeout
NAV>40p
tp 50p++
Boards
You really are the song picker on the lse b/b's aren't you !
I suspect that particular song would sound little better on your fancy MERC backed speakers you've been lusting over than on my lap top, but it did make me chuckle...