The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
I’m in here for the long hall as I’m sure this is going to explode one day. However, I’m really disappointed that since Sept we’ve had just one fairly minor JORC update, even this wasn’ta comprehensive one. Nearly on February means we’re heading for six months since we were told the various tasks of WA were ‘almost complete’ and results would be announced ‘shortly’. By any definition 6 months is not shortly so the BOD not delivered what they stated there would. Needs some urgent clarification. Been here for a few years now and think all lths deserve more than the ongoing ambiguous RNSs or tweets - which of the many strategies announced is considered their initial one? Delivering value for share holders? Truth is I’d be far wealthier has I sold a long time ago when the sp was around 40p. I’ve reduced my holding since owing to the continued vague comms - positive they may be but hardly anything other than the Sept RNS has delivered value and got the sp going seriously north.
Time for some serious news me thinks or I’ll be pushing up the daisies by the time I cd enjoy the financial rewards…
I empathise Roger. As a police officer in the West Midlands I'm in the position of not being able to have a summer holiday this year due to the impact on the police of the Commonwealth Games. I'm also getting on a bit and would normally retire from policing in 18 months. I was hoping to go at the end of May instead if this comes good, as I'm sure it will, but can't plan until I know for certain. The share price has shown that it won't move until we get some figures of a monetary value in an RNS. I'm positive it will come good and all we have to do is wait but that waiting is now having a tangible effect on me at least.
Great post Roger
It appears they started the sales process too early, like trying to sell a half built house before it’s built.
Must be close now. Update on sale is overdue.
Morning Aubrey,
come on now, we know you don't like EUA for some reason! but to try and compare it to a house building company?
"It appears they started the sales process too early, like trying to sell a half built house before it’s built"
Most housebuilders DO try and sell their houses before they are built, it is the way to generate some money flow by taking deposits.
If we carry on with your housebuilder's scenario EUA have virtually built a small town with all the new assets and joint ventures to come,
Yes, we all agree, it has taken longer than we all initially thought, BUT, the house prices just keep on going up :-)
One day if everything goes to plan we will all make a lovely profit out of EUA, BUT you do have to be invested :-)
Have a nice day, the sun is out even ....
All the best, Aubery,
Cheers.
I get it Roger and it is a great shame that JT Mac, Snowman and Gary Fitzgerald did not live to see the conclusion. On the other hand I do see the length of time this is taking as a positive. The longer it takes the bigger the deal is how I am seeing it. I am 57 and am also seeing this as a way of assisting with my retirement plans. When this does conclude I will judge the BOD on the results and gauge the time it has taken on that and that alone.
My advice to LTH's is stay positive until the end and judge on the results. I am convinced that the length of time the big hitters like DLA, UBS and WA have been here and the fact that so many knowledgeable industry experts have been on the team at EUA some of which have been working for shares and not huge salaries tells me this is going to be well worth the wait when it comes.
GLA
Can’t believe Aubrey is still hear hating EUA. Laughable.
Good post Ian.
Nothing like selling a half built house ,more like some people I know,bought an airfield,that couldn't get neighbouring farmer to sell so it could be increased in size,they bought it for £2million,got farmer sorted, sold it for £12million the bod are piecing together a fantastic jigsaw as the parts come available
Hi y’all
My goodness don’t know about getting on at nearly 80 must accept I’ve got on..given our 3 score years and ten I’m 10 years past both my sell by date and certainly my best before date..hey ho not to worry.
Don’t really need the money just enjoy the game and this great bb so will enjoy giving money to kids and a few local charities missus wants another motor (automatic) knees shot kneeling on hard floor praying for that elusive rns :-)) plus a new kitchen
and a new scooter for me . Don’t plan leaving anything for HMgov when I go. Have a good weekend everyone..pompey
Aubery probably misses the irony of the expression "off plan" ;)
The BODs are running CONCURRENT strategies as stated in a RNS, which to me is saying EUA1,is progressing to deal situation, and EUA2 is being built up to a position when a RNS, will be issued spelling all this out.
Pompeyrod: I think you should really give all your shares to us poor 60 year olds…..that’ll save you worrying about the tax man getting all your gains. Just trying to help.
Couldnt agree more ASPEN. My thoughts entirely.
Rodger65
Very fair comments and I agree. Just hoping the BOD can sort this Jam tomorrow to become "here's the jam we have been saying we have"..
Like I said I was always here till the end but unfortunately I didn't envision this to take so long like tbh nobody on here did and end of Feb I need some money and I am just hoping we get something concrete before then with regards to assest sale/divi etc.
ItsAllBalls
It is nice of you to say so, thanks.
@PP don’t worry postman you’ll soon be a POP ( poor old age pensioner ) like me soon.
Good luck to you my friend. Bye the way the general advice , on this bb, is to hold on to our shares which I have done and will do so …have a nice weekend my friend..pompey
I agree its taken a long time, but the BOD have been adding far more the EUA end game than any of us LTH ever expected, I can wait longer as this could be an investment for life, multiple asset sales, multiple jv projects and lots more, been a long haul but news from here on in is going to be very exciting GLA
I'm 60 and have done 40 yrs....basically just want to stop staring at a computer screen and pushing a mouse around a desk to keep a roof over our heads.
Enough dough to be able to stop doing that would do me.
GLA
I hear you. It's been a lot longer than I expected and the lack of concrete numbers does get frustrating at times however as beautifully put by Ian, the quaint township of Eurasia Mining will not become like one of those Chinese ghost cities. It'll be a bustling hive of economic output for generations to come with buyers wanting a piece the world over.
And on the personal front for me. Good news, my parents have accepted my explanations as to why I still have a bit of debt and moving out now would not be ideal so another 3 months. Sold some shares in the rock of my PF that is ROCK just so I could say look, I can produce money out of the stock market. No matter what I will be gone in 3 months.
Saved me from having to chop any EUA so I'm pretty happy about that given I had hoped we would kiss 30p after the last RNS and tweet and could sell less in trading than I bought in ISA in worse case scenario for me short term. So I do get why some grow frustrated with how EUA has traded for a year now but that said.
Feet up and relaxed cos I've got a roof over my head, it's my day off and I'm invested in EUA and not sold a bean yet. May even be able to grab some more along the way and new taw year come April.
All the very best everyone.
Good on you Pompey !
All the best .
Ohm I - if you don’t mind me asking, how old are you? I left home at 20 with a few pit stops in my mid twenties. Nothing better than getting your own space
Mr Wolfe. 34. Moving out is well overdue but in my defense and to my parents eternal frustration my twenties did not go so well. Ending up spending a good chunk of it in psycodynamic group therapy so parents naturally did not turf me out during that. Ended that in August 2016 only to then slip on some rubbish at work in Feb 2017. Rubbish left on a stairwell by my best mate from school days who got me the job no les after I lost the last one with criminal conviction to boot (I'd make a terrible criminal lol), and landed with my spine across 3 steps. Broke a rip, aggrevated or caused a bunch of major disc bulges. Got a payout, invested in SXX. Was given an EUA tipoff and made sure to grab some. Rest is history re EUA.
Took a while to recover from accident and just as I started earning enough money to move out lockdowns hit taking me to about 650 quid a month for pretty much a year. Hence still having a bit of debt.
I've gotten real good with money during this time at least although benefit of hindsight I should have topsliced even 10% given my initial stake of 140 quid. Likely would not have one of those credit cards still looming over me but hey. 1200 quid a month now I'm teamleader on 30 backbreaking hours a week. I'll soon whittle that down. And I'm fortunate enough to have grown a diversified PF so can now move things around as opposed to putting hand in pocket to invest. Still only a couple hundred here and there but this is my hedge against the inevitable early retirement due to ill health.
Honestly. Pompeyrod, god help me when I'm your age lol. I'm a physical wreck now o.0 My ACL is on it's way out, badly damaged rotary cuff in shoulder, damaged ligament in thumb, big toe likely developing arthiritis. IBS from terrible diet as a kid (I didn't even like beans on toast, thats how fussy I was lmao).
Anyway, enough rambling. As you can see I anit shy about my circumstances nor my hopes for my investment here. Long and short of it modern society has a hedonistic tendency towards activities that overtime lead to bad health outcomes. Do look after yourselves ladies and gentlemen and have fun, just moderation and abstinance from time to time eh. I know my liver agrees with that last part. Now.
Rums all round :)
Ohmni - I wish you all the best with your EUA investment
Ohmi,
I'd like to think this will be one of those pieces of advice that you look back on and say, "That was the point when everything changed for the better".
Really interested by your history, it was really telling. Mine has had many parallels, including back and neck injuries, broken ribs, broken big toe ,etc, from differing activities, chronic IBS through my twenties, and many other ailments. Carried pain around for decades, am now far fitter, stronger, happier, and without pain, with no surgery whatsoever, I'm now 55. Invest in a book by John Sarno called "The Divided Mind". Really hope you give it a go, it was transformational for my life. I've helped several people in my area that were suffering from chronic pain. Happy to answer any questions.
@stix40 thank you .and all the best to you sir..pompey
Ohmni - thanks for the reply and best wishes n your journey. Lovely to hear stories with a human aspect. Plenty of time left for all of f us here. Quality not quantity!