The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
Sorry to break it you, but you couldnt be more wrong. Hedging is an extremely popular tool and isnt there for businesses to gamble on. In cyclical markets, it helps bring about uncertainty so the business can plan better and make more informed decisions. A future for example gives the right to buy at a predetermined price and date so the business can effectively fix their input cost - yes it can be that it doesn’t go as you predicted but the benefit far outweighs the cost. In the FS if you start hedging and making bets, this then becomes your primary business and needs to be disclosed. Looks to me like whoever was in charge of hedging just wasnt competent at accrol
Mac is Mac - unparalleled technology, way ahead of the game. Lenovo is the most common used laptop in the business world - its durable from what ive seen but yes would agree MAC is no.1 Strong buy on the MAC SNM does equal Say no more And yes, Schroder is building a stake - this share is going to fly up. Absolute arbitrage. I dont have anything left to put in - lenovo is in too
I think although they announced a profit warning, management were conservative in their approach to manage the markets expectations. They will reveal it wasnt as bad they originally anticipated when they reveal their results. Share will then increase to 30p for a quite some time!
Jess - im an auditor by profession and i probably know how to interpret a balance sheet better than anybody here. I warned you about speculation. This investment is 9-12 month but it will pay off. This is why I was laughing at the 30p statements! It went to 23 solely because of FOMO. This will eventually pay off so chill dude! Stop wasting your time on these Mr Browns. Your guess is as good as theirs! Snm