The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
Absolutely true my friend. This situation, at the very least, makes one aware of what really matters in this mad world of ours! I was only looking at things in a rather narrow monetary perspective. Food, water, heat, light and a roof over your head is fundamental. I have often thought that I would love to have chickens...….but unfortunately, there are too many foxes about!
What is truth? Everything is conjecture at the end of the day. And when disaster strikes, like it is at the moment, it makes all those high blown predictions of this share reaching £60 seem pretty hollow. All I can honestly say, is that I have been investing in shares for 50 years and I've seen it all before. On Thursday, I made the painful decision to sell some shares that I thought were rock solid. I made the right decision....and saved myself £50,000! I had already lost £40, 000 prior to the sell, but it could have been £90,000. If my views seem severe, it is just that I do not want anyone else to lose more money. I am not a shorter!
Cheers! I hope you enjoy you G&T...….I like a rhubarb gin myself occasionally and I like feverfew products. but I do think that it has been over hyped. I have never been a share holder in this company but possibly a potential one, so I have been watching it closely. So far, all my fears and apprehensions about its high price have been proved correct. My views are NOT investment advice......just an expression of my personal opinion and maybe exasperation and anger at these markets!
I rest my case! In the 12th of March I predicted that this share was heading for £2.50. It is currently £2.47p It would appear that cash is king right now! On the surface this share looks like a screaming buy at this price. Especially, if one gets a bounce and one sells again for a quick profit to claw back previous losses. However, I am extremely wary that this share could fall even further. It's unthinkable I know......but we are in a new ball game. At the end of the day, what ever the statistics, a share is only worth what people will pay for it ! All this talk of value is crap! Empty words....what matters now is hard cash in your hand and preferably physical GOLD!
These shares are heading ultimately to £3.80p and in the worse case scenario, I'm afraid to say £1.90p Do you really think that when the middle classes start to examine their bank balances and look at the vastly reduced value of their investments that they will continue to waste money on this luxury item? It is just flavoured fizzy water that has a current snob value! People will be far more concerned with practical things like food and bog rolls to waste money on all this nonsense! I.m very sorry, but I believe it is arrant NONSENSE to suggest otherwise. We are at the beginning of a 1929 stack market crash and todays falls are just the tip of the iceberg. Any wise person will use the inevitable bounce to get out of this share fast!
I think real ale lovers like myself will all be the losers if this splendid company goes under! For me it is not just about making money. So I sincerely hope that the more darker predictions do not come to pass! However, the shares have been vastly over priced for some time. Thank God I did not let my heart rule my head and buy at the top. I am very concerned by some of the comments on here about the company holding a lot of debt, but it doesn't look as if interest rates are going up any time soon. And as soon as the virus situation has resolved itself, this company will thrive. I may dip my toe in, should the shares move below £7
What a joke! Bet Fred probably put out some fake news like this because he is desperate to offload the shares and hoped to "pump and dump". As confidence wanes and people get short of cash, these shares could go to 40p and even lower. How big is the company's borrowings? The only really important question is can they go bust? If not....long tern they might be worth taking a punt on.
In two or three months these shares could be £1.50 I'm sorry not to bring any comfort, but we are right at the beginning of a bull market. There may be an upturn between now and then and I would certainly grab the money and run. People don't realise that that in a bear market, things get a whole lot worse before they get better! And you may have to wait years before you get your money back.
I would not be so optimistic. I say this for two reasons. Firstly, this is a luxury item......and there are plenty of cheaper alternatives to this product. We are entering a depression, people out of work and people plunged into debt. Just like with rock solid gold, some people will have to sell their best shares just to pay bills elsewhere. However good any company is, its SP does not depend on share performance ALONE!
I think there are more falls to come and this will be a buying opportunity. I know this share has been the darling of the stock market for a number of years....but it is not immune from the general downturn. I will buy when the shares get nearer to £5
I feel sad about this company. They make great beer and I have enjoyed their products over many years. I sincerely hope that it manages to survive this virus crisis, but I fear it is going to be a great challenge. I wish them well, but fear the worse.
How dare you predict the price of this share lower than MY estimate! But actually, when I think of it....20p should just about be the bottom. Surely they must be fair value at this price! My God......they've gone a long way since Mrs Thatcher's day.....when old Sid filled his boots. Maybe there are a few more Sid's out there who can rescue this poor old company.
Is the latest RNS some kind of a joke? Who on earth do they think they are kidding! Its a good company making good profits....but all that is past history and irrelevant! Right now, any public meeting place is a risky place to be.....especially a public house.
I'm very fond of their lovely real ale and cider..... and their reasonably priced food. But not just at the moment thank you.
I'd like a share of the company please.....and I am going to get it! Preferably at a much lower price and with a decent dividend! £7 or cheaper would be tres, tres, agreeable!
Believe it or not.....the NAV is £3.57 as of the end of 2019 according to the fundamentals tab on this site. But don't be fooled....by the time this year is out, the NAV may be a lot less. The secret is not to look back.....only forward!
Where are the Directors? They obviously do not think this share is cheap enough!
I will certainly be dipping my toe in (incrementally of course.) It is probably one of the more solid shares. Sadly once we are in a bear market, it can take 3 - 5 years after a serious downturn, to get back value. But as long as it continues to pay dividends, that is a plus. And as a Footsie 100 share, it ought to be the first to recover when a recovery takes place.