The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
DBW, I actually said 7 odd, but 7 wouldn't surprise me in the slightest. And lower.
It's as I said, there's no reason to buy.
Until we hear of that monetisation thing, which would see it jump very quickly.
It's very much all to play for at this price, imo, but buy at 8 and in my worst case scenario, you could soon be another 12% down.
I'm clinging to the fact that if there is a sale, it's a multi bagger at this price.
"Anon if I were in a car and I were pretty certain it was going to crash I’d probably get out ….. strange investment strategy."
DBW, not if you knew that you'd escape at the end after months of recovery, hopefully in better shape.
Or maybe you're suggesting that as soon as any investment goes negative, I should sell?
I'm only guessing (with some conviction) but anything can happen and I'm not going to lock in a loss now.
I suppose I could add that I just want it sold because I'm bored of it.
Same as everybody else is, I suspect.
Which is just another reason that the price is bound to fall if there's no monetisation event.
This board is full of it, imo and I'd vote them out except I don't see what anyone else would do different.
Apart from ending the shennanigans and just putting a "for sale" sign up.
Then we either get bidders or this just gets mothballed, with shares suspended.
Even that last worst case would be better than this just falling, as it is now.
Red, which part do you not understand?
I've repeatedly said this cheap. That hasn't changed.
Is it the part that I think this is going to get a fair bit cheaper, the part you don't like?
Let me clarify it even more.
I think this is cheap, but it's going to be cheaper because there is absolutely no reason to buy it, except that it might be sold, exactly as it might for the last (how many years?).
Hence, I think I'm of a pretty certain mind.
Talk of 11's and this being driven down is just ludicrous.
Nobody believes anything is in the offing, hence why would you want to buy this?
I know I really ought to sell mine, but in the scheme of things, I think my 10.85p average should see me ok.
7 odd is imminent and I can see it going a fair bit lower.
Ridiculous, but when you have a board that nobody believes, that's doing nothing whatsoever, regardless of the BS that was in that update, is anybody really surprised?
The only question is how low before I top up?
I neither believe or disbelieve in her. I just think she's following what's happening and there's nothing that can be done to change much at all. I totally believe that things would be very much the same even if a new CEO were to come in.
I don't expect results to be particularly good, but they shouldn't be too bad either.
I'll take the divi being sustained and a 10% fall in the sp, which would see me topping up.
I'd guess more like 5% though, if that.
David, I've already said, it's both.
POG minus AISC = the amount of profit.
It's the same for any gold miner.
Even then, it's not that simple.
A lot depends on expectatation too, which is why it hit 20p not far back.
Put it this way, I'm very comfortable in my investment here, even though I'm currently down.
Who said he died of heart disease, apart from his vice president? As far as I can see, it was never officially confirmed.
There was apparently a Kenyan newspaper that said "an African leader" was suffering from Covid and a few days later, it was announced that Magafuli had died.
Who knows the truth?, but that seems a bit of a coincidence to me.
https://en.wikipedia.org/wiki/John_Magufuli
It's a totally nonsensical point to make.
If this hits £4, it's all over.
I'm not saying it won't ever, but that will not be in the next 10 years, no way.
While cigarette smoking is falling in the west, it's still rising in the east.
As for mentioning Vod on this BB, look at the debt that has compared to the money this company makes.
£4 and a PE of one, my ar*e
The above from Quady;
"No where have we said we are going to sell Cascabel.
In fact we have said the opposite."
This is undeniably true and nobody can say it isn't.
In fact I've asked a few times why don't we openly say we're up for sale and invite offers?
It all seems strange to me. Some are saying that we should believe what the company are saying, yet won't accept what Quady has said, when he says look at what the company has said, particularly the "opposite" of a sale.
Meanwhile, yes, as said earlier, a trading share while this continues to go nowhere, with nothing in the pipeline, imo.
Bonds.
That says it all.
Nobody wants even US debt now, which is why the yields have rocketed, which automatically means prices falling, hence the big loss in portfolios.
I'd like to think they recover, but as was pointed out earlier, if governments don't cut back on borrowing, that isn't going to happen.
I'm not at all convinced it will happen, but I always have at the back of my mind that particularly western debt is already impossible to pay down. UK's interest on our debt is already the equivalent of our defence and education spending every year.
Hence maybe that "great reset" stuff actually means debt being erased at the stroke of someone's pen.
Nah, governments wouldn't be foolish enough to do that, would they?
Maybe we just can't afford to let rates fall, because we need to inflate that debt away?
Sometimes I just don't know what to think and I'll bet it's exactly the same for the so called "experts".
Anyone else think there's something not right going on?
It looks like someone is driving the price up with really puny trades and then maybe selling a lump later?
Giving how this moves so easily, I can't say I blame them, if it's true.
Teddy, oh, no, I'm not at all frustrated. I bailed at a 20% loss. If I'd stayed in, it would be nearer a 30% loss. I m happy with my decision as it was only a small punt anyway.
And I'm only deramping it because it's plain that it hasn't finished tanking yet.
My advice is purely to not invest in this until the fall has stopped.
"It's good to have people trolling I've no problem with that."
Another idiot, who got in around the same time as me, but can't face his loss.
Don't listen to these types, they'll cost you money.
Avoid this like the plague at least until it's stopped plummeting, imo.
Then it might be worth a punt for a slow recovery.
Because as much as it might be a decent company, the market has no faith in it whatsover.