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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March makes sense to me. You can’t ask for comment by Feb and next day say yes, totally wrong optics, have to be seen to consider submission. Pretty certain yes is coming.
If we went JV how will that work, as we have Finland etc. Do they pay a dividend ? How is the price decided ?
It makes sense to me that he literally said the decision will come in the second week of February after the comments are in.
Now he says March?
When we get to Mid Feb will it make sense when he announces that the decision will come in April ?
I'm out. Taking my gains and walking away. Good luck all its been a long ride but I am not losing out again like last time it was at 16p
l have done the same , but will buy back later
It was really daft to think the decision would come immediately after the 2 February, as soon as the Sami Parliament have made their submission...their comments have to be factored into the decision, obviously.
"No, there is nothing that is impartial, it is a dream that there are people who are impartial."
Must say I admire a man who says that; it's the truth, human beings cannot be impartial, it isn't human. Is the Sami Parliament going to be impartial, no, of course not.
Has Thor actually said March or has that come from the interviewer?
Yes i believe so
https://sverigesradio.se/artikel/be****-om-gallok-efter-forsta-veckan-i-februari
topped up a while ago and will add more if we see another dip
Ah thanks TSP, yes same here...a decision date is confirmed (after Feb) as being March. Can't see the thinking why anyone would sell now before decision, especially with how Thor feels about mines
Much has been said about the Minister moving the decision date forward but he hasn't. Firstly he said the decision would be made in the near future after receipt of the Sami submission and then, today he says the decision will be made in March. Nothing there to complain about, its perfectly straightforward...ie if he means March 2022. Lol.
Yes, it's better to get a firm date rather than "after 'date'"
Given the swede’s abject performance over the past nine years, the only firm date I am prepared to acknowledge is the day a legally watertight decision is reached and properly communicated to all stakeholders simultaneously ( which would be a first )
Saying March is no different to previous ministers using words like forthcoming and prioritised.
Until it’s happened, nothing is firm at all.
March can be interpreted as March, however forthcoming was always a loose term...I feel this is pretty firm
PAYJJ eat al,
I would say today’s activity on the markets both here and in Sweden display a very healthy skepticism for the minister’s words.
What are you going to do / say when March comes and goes without a decision?
Give your head a wobble lbjj... it’s boring. You’d start an argument in an empty room
Well that's yet to be seen I suppose...I would be very annoyed and deflated but for now I'm taking his word for it.
Some Swedes on FB has listened to the radio interview and say that Thor mentioned nothing about March.
Are there any Swedes here that could listen to it and confirm yay or nay? TIA
“I would say today’s activity on the markets both here and in Sweden display a very healthy skepticism for the minister’s words. What are you going to do / say when March comes and goes without a decision?”
Exactly. There is an intention to make a decision in March. Therefore we can just hope they make good on that intention.
Following the Swedes on Facebook, it seems the reporter has drawn his own conclusion and written the wrong thing. Thor says a couple of weeks after final comments which equates Feb 16th ish.
Yeah it was their own conclusions, Thor never said anything about March. Many people in sweden use stop-loss orders so when they go down under 2 sek forexample their sell orders are put on the market. They'll probably have to buy back the shares the next few days as nothing has changed at all about the case
I agree. If you listen to the interview Thor says nothing about a decision in March. He only says that they will wait for the Sami statement before making a decision.
Thor is pressed on whether he likes reindeer as much as mining and says that he likes reindeer as much but that he will not give any info on the decision now.
All in all, it is an interview that does not really say anything new. Nothing bad, nothing good!
Well this is all very interesting. The link that AdF posted this morning very clearly says that the Minister (K-PT) will announce a decision in March. But it seems that people listening to the interview (also in the link) are of the view that K-PT makes no mention of March. It looks to me like a lot of people accepted the reporting of March as being true, hence the share price drop today. Personally I wouldn't have expected an announcement before March, but WDIK. Hopefully we'll get some clarification on this, perhaps by RNS tomorrow?
This is nothing to do with any specific date.
It is 100% about Thor's credibility, which is fading fast. Hence today's high volume sell off in both markets.
If it's nothing to do with the March or not date as reported, what is it that has caused Karl-Petter Thorwalsson's credibility to fall so far in one day that 44m shares were trade on the Aktie today as the price fell by 12.97%?
The issue with the self off today is psychological, so many false dawns all as a result of Swedish politics and bureaucracy, it’s no small wonder that investera collectively sh@t the bed on the smallest indication of a return to the default position re govt.
suspect stop losses were triggered which leads to more of a drop and then more stop losses triggered etc