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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The SP is going up! Its just a shame the volume is so low!
I believe and a few others have suggested we are a one trick pony and need the SGS trial to rescue us. A genuine question. Who would do better out of a commercial deal for AZD1656. Vela or CIZ?
CIZ, because they don't have the same board as VELA are who muppets
Haha. Yes I do agree but I mean who has a bigger % of the Covid trial between Vela and CIZ. I keep reading up but there is that many people involved it's very hard to work out who will do better.
I very much doubt it. If this was a pump and dump the SP would be significantly higher. There are a huge number of retail investors in VELA at north of 0.0071 so the SP would have to double.
CIZ are capped at £5m from what i understood. Obviously we have an % of the profits after costs. Currently though, what is 8% of F All??
CIZ now have 2 agreements being 5% uncapped plus up to £5m capped. Their agreement seems to cover all AZD1656 treatments whereas not clear whether this also applies to Vela or may only be for Covid. Just looking at the original RNS, it also states that Vela's Economic Interest shall be renegotiated should SGS receive further funding from third parties in the future. Well, SGS received further funding from CIZ, so has Vela been pinged a few % points? On face value, hard to distinguish between the two without specific details.
C'mon Vela, give us something to cheer about, :))),Lvu333
Cornerstone down 35% on results, another kick in the nuts! Gla
Another company that our BoD took 2 bites at!! For transparency I also took some csfs in the 20s, even that what a bad price it transpires!
You could not make it up. Our investments are so bad they are now embarrassing. The next investor update is going to show our portfolio is even further down.
Our SP is rightly where it is on our current investments and general could not care less attitude from our BOD.
They need to be kicked out ASAP as they are being rewarded with a very decent wage for this disgrace.
This is taken from the half year report. Our BOD had diusscussions with Cornerstone and where encouraged by what they where told. Are they just gullible or really could not care less. I go with the later.
The most disappointing of these is Vela's investment in Cornerstone FS plc, shares in which were listed on AIM in April 2021 at a price of 61p which at 30 September 2021 were trading at 27p. The Board of Vela has been in discussion with Cornerstone's management and has received explanations for the delays in Cornerstone achieving the plans set out in its admission document. Vela has been encouraged by these discussions and by a research note recently issued by Hardman & Co.
Mode joined in now down 15%, what's coming next!!
We are 90% down on our MODE investment and 80% down on Cornerstone that is a combined £560k down (on paper). AWFUL!!!
Agreed the investments are performing horribly but I'm feeling generous this morning and I think anyone looking objectively at the market can see it's absolutely goosed for all sorts of different reasons. Being down on some of them isn't a massive surprise in the current environment. Being significantly down on pretty much all of them is more of a worry, looking forward to voting against the BoD in 6 months time - surely only sorting the SGS deal out and revealing a stunning RNS can save them now?
This from the Investment Policy section on the website.
Investment appraisal
In order to mitigate investment risk, the Directors will carry out a thorough appraisal of each potential investment. This appraisal may include site visits, analysis of financial, legal and operational aspects of each investment opportunity, meetings with management, risk analysis, review of corporate governance and anti-corruption procedures and, where the Directors see fit, the seeking of third party expert opinions and valuation reports. Vela will not have a separate investment manager.
Results to date would suggest that they have spectacularly failed in all aspects of this policy. Despite robust previous business acumen, the Directors clearly do not have the knowledge/experience to act as Investment Managers. Change at the top is needed urgently.
The worst thing about this is, if the BoD would have been significantly better leaving the cash in the bank earning 0% interest.
Cornerstone down over 50%. What an appalling s**t show by this BOD, the macro market isnt enough of an excuse. Can it get worse? Probably.
I just picked up another 1 million of these bad boys, why not at these prices its a shame not too. :))) Lvu333
https://www.proactiveinvestors.co.uk/companies/news/986319/mode-global-holdings-says-its-pleased-with-progress-986319.html Mode interview pleased with progress. Hate to think what the sp would be if they wasn't.
Quiet before the storm. Let’s hope it good news on AZD1656 gla
Stupid markets at moment
Good time to invest
Come oooonnnn vellaaaaa
You may be right but steer clear of any investments VELA are involved with:
Mode - £316k invested > current holding = £36k
CSFS - £350k > £49k
SGSC - £2.35M > ??
KNB - £150k < £201k
MTI - £200k > £152k
CODE - £750k < £1M
RBSPLC- £30.3K > £27.7k
SKLS - £250k > £162K
ENSI - £750k < £758k
Igraine - £430.7k > £300K
TSP - £300k > £282k
Overall these investment have lost £414k (on paper), not including the £2.35m we have tied up in SGSC which currently shows no signs of giving us a return. If SGSC falls flat this BoD may well be overseeing nearly £3m loss in portfolio value....... Not bad for the decent salaries they are earning. Not even have any decency to interact with its SH regarding any of the above.
TBH IPOs are usually rubbish,there is a bit of hype to begin with then they realize the valuation was too high and then they sell. I would prefer if vela didnt get in at the start of these IPO's and let the dust settle then maybe buy into them,but for what i've seen most IPOs are a disaster, Lvu333
When you see it like that's it brings home how bad our investments have been. The markets have been tough that last 2 years and alot of shares have dropped but JN is supposed to do this for a living.
They are not just random guys taking a punt on Aim to make a few quid. They are paid handsomely to make these investments. They need voting out ASAP or need to give us a full time line in the SGS trial