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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Why do we think it hasn’t tanked in the US ?
0 volume I think
Now falling. Down 11% since UK close.
Yup was $12.89 at UK close now $11.20 as volume goes from 5,000 to 30,000... likely just the start.
It opened at 12.12 so not too bad....as of yet
4%. down from yesterday closing isn't it? 30k already traded
Yeah but only down 2% on the day ,not massive
10.95 but it might be delayed price
Guys you have to judge it from the UK close! Now down 15% since then. So looking at sub-800p open
dropping now 6%
850p now! Looks like open here 800-875p.
annoying Mrd what’s your view on the delay
No idea man. Was hoping there would be no discrepancy. But now we wont know how big or small till freeh report.... the credit facility is not the end of the world. It should never of been placed on nmc but that was shettys doing!
The prices are not directly related... the day high at UK close was $12.89 = £9.99... a price which the Uk listing never reached (was £9.38 at the UK close)... so best to just calculate the percentage move from $12.89 at London close to current $10.95 = 15% decline and then apply that to £9.38 = sub 800p open... so I’ll be stopped out (if it’s not suspended)
Catastrophic news! The bider will likely walk away tomorrow and shares will be untouchable until end of April at least. Cash position issue is very worrying, it will be a triple whammy if debt is much higher than stated, cash much lower than stated and profits much lower than stated. All hell will break loose from many angles
Dow currently down 2% anyway so that has to be taken into consideration
Dow has nothing to do with it. If you haven’t noticed Dow has crashed all week, yet nmc has gone up...
Not all day it hasn’t
Yes I agree with Jinny, this is catastrophically bad. I never thought Freeh would sacrifice their integrity to go along with a cover up, so I stupidly thought they would not have been appointed if there was any wrong doing.
Re Catastrophic news. Looking at your posting history I think I’ll ignore. Thanks :)
Cash position issue is very worrying, it will be a triple whammy if debt is much higher than stated, cash much lower than stated and profits much lower than stated. All hell will break loose from many angles
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You are confusing balance sheet and profit & loss items. Debt & cash has nothing to do with profits.
KOH
It has everything to do with p&l. It's likely we have a debt to put on balance sheet and a cost to put in p&l to balance it. Also you conveniently forgot in an earlier post to mention that cash is screwed and the treasury idiots have been deliberately misposting the bank balance.