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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I wouldn't be concerned about that at all. In fact, it's a positive - having met the guy and having (reluctantly) done some business with him, I can confirm he is an absolute weapon. That's being polite.
Yes - quite widely reported now.
No matter found it on linked in
Which board was it posted on?
I see from another board that MD who was Head of EMEA Origination has left LCM for a start up. I believe MD and Nick Rowles Davies (who seems to have left under a bit of a cloud a year or so ago) were the two senior bods from Chancery Capital that merged with LCM just prior to our IPO. Hopefully means that now our CEO is based in the UK he will make some new senior hires. New year new broom !
Hahaha - hope the family turkey works out better! Just watching that YouTube that Gallmat put up. It’s a very good watch. The CEO is very impressive and the interviewer is no patsy, so it’s not a silly puff piece. Strongly recommended.
So the disadvantage is "lumpy rev". ..bit like me missus porridge!
Ok thanks Scooby. Didn’t know that. You get a scooby-snack :-) Cheers
They ARE pricing at cost of capital. LIT does NOT practise Fair Value accounting like MANO. Thus, the rev is only accounted for at the time the defendant agrees to settle. Patrick has been explicit on this in numerous times.
You must DYOR but someone has suggested to me that LIT are pricing things like the Comet case at their cost of capital. If true then that is insane. This is high risk litigation. High risk must mean high return. But this would explain the very poor share price performance, so maybe it is true??? Has the world gone completely mad???
He has put in millions starting around 1 gbp
Insiders sell for many reasons, they only buy for one :)
Explains why the Chairman bought 375k shares a few weeks back.
Yup it is excellent. Hard to find. I stored link when i saw it.
Any ? I will help where i can ( but i am no expert).
Gallmat that video was very good thanks. They go into a completely different type of detail than the others i've seen. The questions are much more specific in this interview thanks.
Buybon leverage with ig index. Ride the wave. Sell the excess. 25pct margin requirement
I'll watch this later thanks.
I hope ST doesn't say a word personally so i can keep buying !
I cannot imagine this is on many people's radar but having spent a few weeks digging, I really rate its chances of seeing a pound plus, next year.
Due more news before year end on fund II close (and hopefully the opening of Jupiter III fund).
Simon thompson from inveators chronicle will comment on this.
If we get lucky he puts it in his bargain portfolio for year. But there are so many good things at moment we might miss the list
https://youtu.be/7Nh5j8r64y4
Very important info in this. All should watch.
Made in australia with few people viewing
Gallmat i've watched all the investor presentations for years and submitted many questions during them but i've still never heard of profit sharing from them - which i admit might be my mistake.
I hope you're right but if anyone has a link to any statement on this i'd appreciate it.
Not sure when the penny will drop for some, just how many are significantly progressed and maturing, plus the £ size!
Obviously need the cash to drop, but derisked, as mentioned.
You're quite right, now I'm adding to the clumsy wording!
Watch the investor calls on their site.
Profit sharing has been noted so manyntimes.
Normal in class actions.
So it is accepted. But yes 45m is too high. See mybpost
I agree it's all very good news.
But what i'm getting at is there is a lot of talk of profit sharing on the forums but i've never seen any evidence of a deal built on this rather than a multiple of invested capital ?
And yes its a fund 1 deal so not entirely capital from LCMs own balance sheet. Don't get me wrong i've got a few hundred thousand shares and would love a £45m sterling credit to our balance sheet but i've got no reason to believe this is true.