The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
People are ignoring it because of the overhang of shares. This will only be temporary though. Peeps will know this is ready to fly however a stagnant share doesn’t make money hence they’re staying away. This will change!
Since the 24th Feb the total volume has been nearly 6.5bn, meaning it’s a good way through the churn.
A cheeky RNS and a few high volume days and this will look very different
As i said, beer mat workings....
10% equates to around £550/600k depending on share price, you think there has been more than that put into the market? Todays combined bought/sold value is around £700k, thats on a high volume day! I dont see it being much more?
Very happy to stand corrected, i want this to move!!!
A quick bit of maths since the 24th Feb shows a cumulative volume of near 5bn. I’m no expert on this but can’t imagine much more than 10% of that 5bn are part of the additional shares to churn through.
That works out to be 500m added in 2 weeks, meaning there’s probably another 2 months of additional shares to churn through before any substantial movement.
Of course this is all volume based and can change if more positive RNS’s drop. and of course based on beer mat workings
Did not expect this carnage today!
Consolidation around the 20p mark, high 18’s at worse!
Crazy!