The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
Assume no chat from Momentous on Saturday then..?
What's holding it back is that Romania is nothing news. The best estimate revenue covers directors' salaries and no more.
The market doesn't like an investment company that doesn't make a return on it's investments. As it stands there's no return, nevermind a good one. Until Italy and Spain get moving, without any spooks, this will falter. On the upside, Spain will hopefully be trued up soon and a placing to fund the additional % of that would probably be seen as a positive.
Ask spikes 25% after RNS. Bid drops! Spread nearly at 50%.
What's happening is that lots of people have just been spiked in, whilst no-one was able to bail out on the spike. Who's selling!?
Works for me!
They're clearly just saving up everything for one company making RNS.
Expect a 2000% rise over a week when that bad boy lands.
(how do you make a sarcastic emoji on here?)
It's bloody WEDNESDAY!
Sorry, thought someone had forgot to tell us the day of the week today ;)
DC. getting Brexit battered a bit more due to it's supply chain network and areas of operation. I suspect, as with other UK focused business this will continue until Brexit is sorted. It will then either crash or bounce depending on the result of that.
I would have thought 30% of revenues in the Nordics would have been quite a good hedge for the company and so it wouldn't take the same hit more home-focused business. Appears I was wrong on that though :(!
Can see this hovering 160 - 180 for a long time sadly.
New presentation online: http://www.prospexoilandgas.com/cms/wp-content/uploads/2018/09/PXOG-Corporate-Presentation-September-03.09.18.pdf
Doesn't really say much different than everything before but re-iterates Q3 timelines for Romania online and Spain work programme. There's only a few weeks left in Q3...
Very low volume for the last 7 days, but the vast majority of what has gone through is buy side (yet price hasn't moved!). I assume one of two things from this:
1) The price has bottomed out (maybe shorters have taken their winnings?) and those left in are either locked away or waiting for a spike to get out.
2) Something is coming soon and this is the first trickle of blue days as the first in the know get involved...
Hoping it's 2!!
There's a lot of people waiting to spike out after being caught in December and January by unsustained rise. I'd like to topslice but it would need to multibag for that and even then the history of the share / news flow doesn't fill me full of confidence.
A really low P/E against other miners.
The problem is the massive drop in EPS last set of results. Market will wait for guidance on 2019 figures before there's a serious re-rate (which I think will happen).
Director buys now 2 or 3 weeks old - hopefully long enough for the news train to start rolling without it being too close for suspicion!
(even if it's not a close period - a director buying the day before company making news is going to be looked in to!)
Gunner in particular does more u-turns than a london cabbie! There's either gas in the ground and we're all going to win or there's not and some will lose / some will get out on a spike. Just need to be patient to find out which.
"where are the high value trigger points....we are nearly at the end of this year."
Nearly at the end of the year?! It's the beginning of August!
I'm pretty sure if Junker could get on a plane to London and agree for everything to go back to before Brexit he would do it tomorrow.
Btw, avid leave supporter. As I said, EU is a mess. However, you're conflating two arguments and making assumptions. You can think it's sensible course for UK to go it alone and that Donald Trump is a complete moron at the same time. The two are mutually exclusive.
You can also make positive assertions about the EU whilst still wanting the UK to leave. Some leavers are so myopic you give the rest of us a bad name. It's also quite cringey.
I'm not "supporting" EU? I was talking specifically about the Trump summit and his negotiating approach. The announcement is that everything is back to where it was before Trump started threatening tariffs. That's where the EU want it to be. Hence they won in this specific instance v Trump. The point was that Trump's tactics are not very subtle and generally result in him claiming a resounding victory when nothing has really changed. The movement in EU markets v US markets backs this up.
As an aside, I agree the EU is a mess. And Draghi's comments today were that they'd do "whatever it takes" to preserve the euro. Might be dysfunctional but I suspect that probably means cosying up to China and bending the UK over a barrel as much as possible. Fun times ahead.