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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Looks like your gut feeling was right. Not sure if this is just a healthy pull back, or a top for now.
Still relatively relaxed with my own decision not to take some profits around the 83p level, although if we revisit 75p or lower, then I will be kicking myself a little bit :)
Agreed - on a 12 month view there is still significant upside here but expect there will be a pull back at some point soonish. Potentially the results next week might be that point for a breather?
Either way, it feels like 3 years since we’ve been able to ‘buy the dips’ but hopefully that strategy should start to work if we are in a new bull market
Fair enough if you have spotted a better opportunity somewhere else but I am currently up 44% and not going anywhere! Think there's plenty more to go.
Looking at that chart, and the recent volume, I am not slicing any myself right now, but to each their own. GLA.
Don't. I am still down 40%.
I am thinking to take some profits at this levels.
Another nice move up today, certainly seems to be attracting interest at these levels...
There is always that possibility, given it’s a small player with £10bn aum. I think the M&A angle is another piece of the investment appeal here. More likely, it was the most oversold and Uk focussed asset manager, therefore benefiting from the market uplift of the last few weeks.
Up 30% in a month ,could it be a takeover target
Can't even get £1000 worth this morning !
PMI is re-rating nicely ahead of the results at the end of the month. Given the rebound in POLR shares recently when they reported inflows, there should still be scope for further price gain for PMI when that happens too?
Be interesting to see if they call this out at the results / positive outlook. Also keen to see if they hold the interim divi at 3p or thereabouts. Yield still 8%ish.
The yield is also attractive at around 7.5%
Great point. Hopefully there will be a sustained money flow back into UK small and mid caps, not just temporarily.
From a macro perspective, we need it. GLA.
PMI is pretty much a leveraged play on UK small and mid caps. Money is flowing back in to these at pace, so with a positive Q2 aum note a couple of weeks ago from PMI, the outlook seems fairly positive.
Why this rise? I mean, great to see of course, but it seems to be an out-sized move and not simply sector specific, as far as I can tell.
Satisfactory update. Token inside buy the other day. Would like to see some more meaty purchases in the next few days quite frankly, but regardless, happy hold at the time of print for me. Especially after the mid 50's purchase I made recently.
Nice when your timing is good (and in my case, often quite rare!) GLA.
I think POLR had a good announcement yesterday as well.
Plus recent director buy here.
A much more positive AUM announcement today, this must surely be a good time to invest, albeit with some risk but to me the risk/reward ratio is much better after these figures ?
Jeez - fat cats get fatter - meanwhile ordinary shareholders suffer further losses.
Was just investigating...
Data on the IC platform shows adjusted EPS-23, which for the year just gone was 8.8p. The FY dividend was approximately 68% of adjusted EPS at 6p. The forecast Adj EPS for 24 is 6p. In that case there is hope that they can pay another 6p out in my opinion. I think they will want to, and they certainly have cash reserves, and may wish to behave more like an investment trust, where they maintain the dividend on a 'bad year'. If they kept up with the 66% of AdjEPS, we would be looking at 4p full year. Still ok IMO and a yield of 7% at todays price.
Market screener which uses EPS (non adjusted) does not paint such a rosy picture, with EPS of 0.6p next year., so in real terms the dividend is not well covered. What ever happens, historically this provides a great yield, so even if it were lowered, the pay back will be in years to come, when at todays price you could be on a 20% yield. Seems the broker target here is 87p NTM. Mainly rated as a hold / buy.
I do not think the next one has been confirmed yet (not on their website anyway).
I know the last one in February was 3p. I was wondering about the one later in the year.
The final dividend was 3p and paid on 16th February. The interim dividend amount is likely to be announced in June and likely paid in August.
Do you know if the divident is staying at 3p or reducing to 2p. Someone said it was getting reduced, but haven't seen any news on it.
Added a few more, although possibly could have waited another week or so. Happy enough....at the time of print! GLA.