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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KO in at 7.4p I think ?
UN - on the slow table for failing reading and comprehension.
CC I suggested moving on. I am capable of doing that so I hope you are too. Insults are not necessary, or indeed in this case even accurate.
Brent bounced back nicely yesterday after a little wobble, due perhaps to the pipeline starting up in the US. $70 still a possibility in the near future.
A lot of people are naming their exit price below. Mine would be somewhere over 10p which I think will be achievable if MJF delivers. However, knowing me, once we get to such giddy heights I will get an attack of FOMO on the deeps.
UC, unfortunately it will take more than shallow success to get the price back to the double figure range. They’re other assets have to deliver and even then, they will probably need support from a partner, the other option is equity dilution. I’d much rather share a successful deep than have 100% of zip.
154, SY prod licence and a positive appeal outcome will definitely give the sp a boost but we’re only going to see a multi bag performance from deeps, 3AB or CE.
Agreed KK 6-8p on MJF but to go over 10p there would have to be the promise of something else. Fortunately there are a few options available. However having promised and disappointed in the past, it would have to be quite a good promise!
Being realistic.
Double the Market cap here to give 4p on the bid, treble it to have 6p Quadruple it to 8p ......
I'll take 5 - 6 p as I said months ago when I rebought them at 2.4p and couldn't ship them all out on the bounce, imo would mean them gunning from historic performances.
It pretty depressing that so many people ARE naming their exit prices in any share -- if the BOD read this they will see what might happen with any degree of success !
But quite positive in that they range from 1-4 bags from today's price! By the time that happens we will have all been replaced by a new group of enthusiastic and positive minded shareholders
The US market seems ca little dubious about the whole $70 thing this afternoon, but they haven't completely ruled it out.
MrC I think I can confidently state the bod don’t give a flying what is pi’s do or don’t do.
Yep, the leadership team don't much care about the PI, a different story from the early days but that's what happens when you have KO, family and associates with an unhealthy stake and no institutional investors. PIs used to own c 17% of the SI but that has been diluted with CE, 3AB and the rig acquisition and we're extras in this game.
Publishing exit prices...lol If the sp multibags from here, it will be for a significant reason as waiting for MJF to materialise isn't going to give the sizzle, well not for me anyway. Not knocking MJF as that could give a bag or 3 but when the sp has traded above 10p for years, many investors are still underwater. We need to see a commercial deep and if that happens, people won't be selling, they'll re-evaluate and probably invest more if the foundations and fundamentals are credible.
Time to see Mr Shin's real plans, the how and when to deliver the results that his predecessors haven't. They're going to need cash so keen to see the strategy re funding as doing it from MJF cashflow will take years.
Totally agree - but someone must be worried at the share price ?
I guess we will be in the 1ps by next week again.
But why? Whats causing this?
Tommy, this share drifts down in the absence of news due to disappointment in the past. The news we have just had is small-scale but poor -converting debt into equity. That hasn't helped. We may have to wait until June for last years accounts and into July for Q2 output news, unless of course something else happens in the meantime.
The share is underpriced on any reasonable expectation of the future, but given poor communications and disappointments in the past, we may have to be patient to get a reasonable price
It’s a dog$hi7 share with a BOD who love to take the **** and chairman who in his own words said he doesn’t know what he’s talking about some years back.
We’re going to get down on Caspian when they issue announcements like the last one and don’t provide investors with the detail. All that did was raise concern that they can’t settle a tiny debt from cash flow, regardless of the real reason. As far as we know, the beneficiary may have wanted stock as to take it in equity and with that poor RNS was always going to end in an sp retrace and loss of dough !!
By my maths, they should be absolutely fine unless they’ve lied about the net backs. Won’t be long for fy accounts and a report on progress in 2021 ytd. If they’ve lied, Carver will have to go and I and others will be pushing for that .
The oil is there, the upside in play but does KO and his team have the ability and access to funding to unlock it, to date it’s a resounding no.
Ibyb,
I was there when he said "Chairman who in his own words said he doesn’t know what he’s talking about some years back."
" well, i'm not technical" one of the attendee's taped the whole thing and sent it around for everyone to have a laugh at afterwards ... when he had to field some questions he didn't like he next offered to stop releasing such in depth information to the PI's " no other oil company does as far as I am aware " always slippery with the caveat's.
Lord Percy was there - nice guy, he educated more than the 'Hairman' .
These are the very reasons why I used to attack the ramper Flawlesskicks so much ! I just hate these people who ramp a share so tirelessly and not to ever turn round and say "I was wrong" - I am unaware this ever happened unless I am mistaken !
CC,
He’s never claimed to be technical, he’s a finance man with an unsuccessful track record. He was like a pea**** showing of his wares in 2017, the IP, the beauty parade and history has shown that most of the commentary was BS.
Interestingly, as I’m typing, LSE alert popped up stating, ‘ you should consider whether you can afford to take the high risk of losing your money’ .....lol , a bit late for that now.
Still live in hope that our Mr Shin involves a partner who knows what they’re doing. Run with the lower cost projects but De-risk the costly ones and share the spoils .
LSE won’t let me use peac#ck....lol
As I have said before CC epitomises everything that wrong with old guard British businessmen....
Brent is very undecided this week, jumping up and down between $65 and $70.
Mr C, I spoke to Flawless about CASP and he was uber positive, as far as I am aware he did go down on the good ship CASP and was pretty much all in ... he was a decent bloke in so far as a family man, loved his wife and kid, did believe in the casp dream and ultimately it caused him a lot of grief ... I told him I didn't like the story and was selling down and he completely disagreed with me, I was holding and posting this is a load of **** etc and he would go mental at me he truly thought they would pull it off, in hindsight I think he could be remembered on this board better than he is.
That said I blocked him on twitter for trolling my plays.
CC - I looked at his facebook page and I too got the impression that he was a family man but a zealot concerning this. It is still not much of an excuse in my book, even given I am half Polish and FK is/was Polish ! Anyone who is 'all in' on ANY AIM share need counselling !
Surprised we aren’t down yet, all sells, mostly small yet the mms haven’t dropped us. Every cloud.