The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
We will have a vaccine by the end of the year, I have this on good authority. This will shift the focus of the market in the next 6 months. Markets look forwards not backwards. With a vaccine in place markets will rally hard particular transport and travel. This is why 300 is possible in the first quarter of 2021. My reasoning is that the business is in better shape, and can grow from here with cash in the bank.
You asked if they had a license and they do. The project will create many more jobs and bring secure energy to the area. You can live in a shack or you can get a well paid job, a proper house, education for your kids and medical care. Which would you choose
I don’t care what anyone says, any news of a vaccine and this will move up. In a year this will be £1+ so a good mid term investment. I would buy anywhere below 40p.
That is also discounting the fact that Disney etc may come in very soon with a bid around the 60p level.
Two factors
1. CEO leaving early
2. NEX wrongly viewed as travel company
This led to hedge funds building short positions and dropping the price in the uncertainty. RNS implied NEX is gaining momentum and picking up new contracts. Hedge unwind their position, existing buying has more impact and here we are.
Where we are heading 230p is easily in reach and where II bought in. Then maybe a year to £3 mark.
So the average price if you held two shares before the RI and then bought the 3 in RI is about 125p. So still confused why it’s so low and buying anywhere around here is a bargain. I am assuming that within 12 months we will have a widely distributed vaccine etc and normality will have returned.