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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Artemis seem to be the seller .
Whom is the buyer ?
Interesting days ahead .
Best of
2 x big buys there
Agreed belfry ,
There are some possibilities for this Co.
Whether they will bear fruit , whom knows.
Best of
* agri-tech
I have been interested for a few months now about the other areas their tech could be used. What we don’t know is how profitable and marketable is, but I am sure one of the RNSs mentioned aggri-tech, which is a very hot topic at the moment.
Thanks Dave ,
Figures are good & the chances of good news ahead is huge.
Trouble is will it be in the oil field environment or in a new water related scenario .
The second would be a game changer , the first a good uplift only.
Of course , It is possible things get worse and contracts go awol.
Best of
Thanks belfry.
The base argument presented contained nothing around the potential of the company to increase revenue streams, profit and cash which I want to understand more about.
The sole focus is around assets vs share cap. Assets need to work for the company, having stock of over a year is worrying. P lease remember asset values are based around the company being a going concern, rather than value elsewhere. As an example the value of a building really has changed in the last year.
The same chap who did the podcast has written a blog about MYX:
https://www.elementaryvalue.com/home/mycelx-technologies-corp-myxlon-buy-assets-sell-earnings
One hopes Our optimism in Connie is not Miss Placed.
Best of
I think this will recover quickly now.
People were cautious about buying shares as they thought Artemis may sell its entire holding. However, it transpired that Artemis only needed to sell less than 3% because one of its funds was liquidated, and it continues to hold Mycelx in the other 2 funds.
The share price was 70p when Artemis started selling so think it could get back there without any news, especially given the recovery in the oil price.
It's also more likely now that the company will win some new contracts which would lead to a very big increase in the share price.
Just seems like a really inexperienced investor who thinks he can move the market, ridiculous.
Haha. I know I shouldn’t be bothered, but it bugs me that people can show such poor form and think it is acceptable to try to bash shares down for their own greed. The person below isn’t bad at all, compared, but still not a good trait to have.
On monday would be a fine start to the week .
Best of
I'm still waiting for Amazon to come back to 5 dollars
Fair enough. I am sure that going round boards you are not invested in and asking for the price to drop nearly 50% may work for you sometimes.
Greedy? I'm looking for bargains. At, say 10-15 the risk reward ratio is high enough for me (at 27 I can earn circa 50% less!). If it drop to that level I'll buy, if not, I won't and move on. It's a strategy, not greed.
Getting close to my buy In price .
One hopes 10p is not on the agenda .
Although news could drive this either way.
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I was waiting for the SP to go lower so I could accumulate at 10ish. Hope this is a temporary spike caused by this investor and it will go back :)
Better late than never .
Come on Connie make It a Good `Un.
Best of
Slid: I think you misunderstand him a bit. He did simplify it a lot but he has had a lot of success in the past with other shares.
Not impressed by this guy, the use of a balance sheet to justify valuation (even to support a low valuation) are long gone. Lacked any real market knowledge or insight, and some really poor and incorrect views on everything being part of a cycle.
The main issue with companies such as myx and their share price is the basics of buyers and sellers.
Having said that the portfolio approach of buying into 40 such companies as myx in the medium term hope that a few will come good and counter the 30 or so dogs is interesting.
Worth listening to this podcast which discusses Mycelx and why it could be a multibagger
https://share.transistor.fm/s/ff3ba574
It is in a great position for a turnaround, but the balance sheet in the last results alone makes this price really cheap.
This is a technology which could easily be adopted and grow very rapidly.