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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Mode never seemed like a good idea, it was clearly overpriced and no good reason why it was valued so highly by anybody. If they wanted to dip a toe into the water with bitcoin I would have rather they taken a punt on QBT! Or bought Argo blockchain at 3.5p like I did (don’t get jealous,sold far too early)
Mti wireless and ensillica seem like ok investments, though nothing special.
Ultimately the SGS debacle is the 2 million pound question and the reason why the share price is so depressed. We’ve waited a long time and I think if we were close/or there were talks going on we would be shouting it from the rooftops. Currently it just feels like charity work, SGS had a low barrier for proof and got to sell their shares and help their funding and we get 8 per cent of nothing.
Probably when vela buy into these companies i think they are really looking at the long term view of it,maybe 10,15 or 20 years. A lot of investors maybe dont mind waiting and are happy with that set up.
But there are some investors that just cant handle waiting that long to get a return on there investment.
Some like myself struggle with patience and if you are are true investor you need plenty of patience and be able to ride out the storms the ups and downs of the market place,and hopefully be rewarded for it; but i suppose not always as you some companies just dont make it for one reason or another. Best of luck everyone
I don’t feel like the SGS investment was a long term (5 years+) investment, seems like it’s potential value could decrease over time (although could be wrong).
I’m fine with a long term view on companies, my issue with mode is Not being able to see a reason for such a high valuation, in the first place and seeing better opportunities to get into that market.
As other users have pointed out, ipos currently seem quite risky, with a jam tomorrow style approach, where they will lose value - even if they do eventually come good in 10-20 years time (and many won’t).
Seems to me like there could be better opportunities looking for companies that have fallen greatly but have a solid long term plan. I mean even if you believe in mode wouldn’t you rather put your 316k in at 5p a share than 50p?
Covid is rift around the world
News please asap
It's like I posted yesterday. The Vela BOD has had discussions with Cornerstone and where encouraged by what they where being told.
Since then Cornerstone are down 70%. Where our BOD not asking the right questions or being lied to or just don't care.
Same with the AZD1656. Are they actually asking SGS what is going on and when we are expecting further news. If so, then why can't they inform us. Again, if they don't know then they should be finding out with 3 million invested.
There is a section on Holding Period in the Investment Policy section of the website, worth a read.
On another note, Igraine 31 Dec 21 Accounts have now been released. This Post Year End Review is quite interesting with mention of on going commercial discussions and also preferred trade sale whereas previous mention of licencing or other options. Is progress actually being made? If Igraine can release this info, surely Vela can update the market as well - Please BoD, provide an update.
The company continues to monitor the development of its maiden investment with Excalibur under the Co-Investment Agreement. Results to date have been positive as the Excalibur team progress commercialisation discussions with the preference being that of a trade sale.
https://www.aquis.eu/aquis-stock-exchange/for-investors/announcements?view_news_id=3628644
Covid not in the news as much these days but plans in place to continue vaccines for years to come. AZD1656 very much in play, imo
Oxford Biomedica signs new three year agreement with AstraZeneca
https://www.lse.co.uk/rns/OXB/signs-new-agreement-with-astrazeneca-65ntofe2cbn82ij.html
TSP RNS
Further to the announcement of 28 April 2022, the Company is in a position to file its 510k FDA submission, however it is awaiting the FDA's response to the Company's request for a Breakthrough Technology Designation
https://www.aquis.eu/aquis-stock-exchange/for-investors/announcements?view_news_id=3628880
Thanks BigDave. That’s made me feel slightly more positive. I Do wonder sometimes what vela are paying this media company for! Looking forward to this increase in communication we’ve been promised, lol
Thanks for that Bigdave, obviously i didnt do all my homework when investing in vela,but i have read the holding period and there intention is, of realising its investment within 3 years of investing. Yes thats much better and i think makes vela more investable.
BigDave you should work for VELA as the PR & IR guy. YOU will get £100k a year and would be required to release less news than you do now for free.
Accepted :-)