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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With the Indonesians having underwritten the sp at 17p , it is surprising that the sp remains marooned at this level. My conclusion is that such is the reputation of our BoD for under-delivery that the market ascribes no premium to their M&A skills and who can blame Mr Market given their dismal track record.
The 'informed' man is wise in his own eyes, But the 'uninformed' who has understanding sees through him.
"...a lot of investors have never run a large business,..., so how are they making decisions on what to buy and how management of public companies should perform?"
- tad off there, PP. There exists a seperation of owners and managers. The quid pro quo for management engaging fully, accurately, and diligently with owners is CASH. They have fair asked for it a number of times. Not to live up to the responsability of taking it.
The big question is, if you can use money to influence mass numbers of individual voters through omnichannel campaigns (Russian owned press, social media, oligarch TV) who do you trust to vote as part of an election? The uninformed no longer trust the more informed because of what they are told directly by media focused on them.
The same is true of the market, a lot of investors have never run a large business, traded internationally, understood ROCE or debt leverage, so how are they making decisions on what to buy and how management of public companies should perform? Everyone now believes they are an expert, until of course it comes to actually doing it for real.
As far as Amerisur is concerned, this could take months, but given the movement of the interims I suspect news of the offer could be out within the next week. It’s not a time to be out of the share, whether it is a week or a month only those with inside knowledge will know better, and they have all dropped (rightly) off the radar.
picked up another 150,803 yesterday at 17.72p.
the corners of the fields are being reaped.
Some interesting thoughts there, PP.
"Will democracy survive the democratisation of financially influenceable opinion?"
- Post that one on the BUR bb.....
I also think you can remove "the democratisation" from the question. When you watch The Big Brexit Short https://www.youtube.com/watch?v=Ht40yrt3VrY democracy must reject the opinions of the financially influenceable first, else it will not survive; democratisation or not.
PS - I did not know Putin worked for the federation of small businesses....? j/k
On top of that ... China seems to be as hell bent on bringing about the end of liberal democracy through economics as Vladimir is through the FSB.
Will democracy survive the democratisation of financially influenceable opinion? Looks a bit wobbly at the moment.
What happened in the past is non indicator of the future.
My company was publicly listed until 2 years ago when we were bought off the market by private equity. With the massive increase of access to public share dealing has come an absolute opposite trend in the number of public companies on the market available to invest in. Big money is now trading off market via PE rather than the stock markets. Many of the remaining big companies look to have massively inflated valuations compared to their potential to ever earn a return, driven by demand from retail investment and funds tied to stocks.
Have a read of this :
https://www.bloomberg.com/opinion/articles/2018-04-09/where-have-all-the-u-s-public-companies-gone
to quote the papa of one ex-tory, "Democracy is the worst form of government, except for all the others."
or put another way: "free access to the market is the worst form of investment for the average small investors, except for all the others." which says alot to those ex-fund managers ;-)
Seriously, there REALLY IS some right nonsense circulating here and in the wider world at the moment...
The best argument against democracy is a five minute conversation with the average voter.
Boris wrote a book about the bloke that said that. I think you could paraphrase it with
The best argument against the free access to the stock market is a five minute conversation with the average small investor.
Seriously there is some right nonsense circulating here and in the wider world at the moment, who knew the Internet would bring about idiocracy
https://m.imdb.com/title/tt0387808/
"Maybe Giles Clarke fancies a career in politics?"
- well it appears he knows how to roll out project surrender.
wouldn't let that lot in Westminster run a tea party but sadly somehow they are left running the country (into the ground). Maybe Giles Clarke fancies a career in politics?
could be that too much talk about gender fluidity has produced too many big girl's blouses??
Boris for next AMER non-exec? He could be out of a job soon anyway.
"The management of the company on the other hand just need to get on with negotiations and getting the best deal in the right timeline, and not rush to satisfy some short term holders."
- rubbish. that's the approach which has produced this Brexit mess.
- they have to boss the FSP and/or get on with the "10" drills in 2019. Failure to deliver = no confidence. Get them out, as bad leavers. Nominal value for shares.
- waiving the statutory timescales is now looking weak. fair enough to allow reasonable time for all to do their sums. But time now to lay down a closing date for put up or shut up. Otherwise ONGC will day, and delay, and delay because they are getting "their finances in order". All sounds waaaaaaaay too familiar with what is happening in Parl.
That’s the beauty of a free market economy, nobody is forcing you to stay. You can sell at this price and move on to something less boring. On the other hand you can wait and see what happens. Either way it’s your choice what to do with your money.
The management of the company on the other hand just need to get on with negotiations and getting the best deal in the right timeline, and not rush to satisfy some short term holders.
I’m running out of patience .
glitch across different BBs? that sounds strange.
and see if the lights are still on.
Hi Treasures,
Like your thinking - thanks for the post - Business is al about getting in Control from the business model, cashflow - the investor - bank customer supplier workforce perspective and Pi's & II's . Amer are not in control today - why ONGC - our largest valued asset. When we get there - times will change. HNY Thanks Again. GL
Same on another board I read , nothing but a glitch I would suggest.Less than 30p i'd guess.
Thursday news anyone? Or another quiet day? Every passing day now makes news more likely.
i do not see the trades as material.
plus, the net effect is an overall ADDED position by Investec clients.
thought it was easy to follow. for example, latest one - Investec Bank plc, who serves AMER in one or more capacity, has acted as an intermediary in buying 181,109 AMER shares at 18.032p (£32,656) and selling 168,121 AMER shares at 18.504p (£31,109). Hence, the public dealing of that connected party needs disclosed.