The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
I think UJO's plan is and probably has been for some time is to sell WN, expand Wressle (if/when) and press on with Bisca.
What has turned that on its head is finding Oil at WN. The sale of WN will provide the company with far greater and quicker funds than it ever imagined - Wressle was going to be the slowish provider for Bisca, but now it will be pressing on with Bisca. full speed fully funded. The fact that the board are openly stating that they think Bisca. could be a bigger result than WN even now is a fact we shouldn't loose sight of...
The appeal lead by Egon Resources will start at 10am on the 5th November in S****horpe and is expected to sit for 6 days. I would expect it possibly to be a shorter timescale than that considering the Councils change of position. Most importantly "the target date for issue of the decision will be confirmed within 4 working days of the close of the inquiry."
Looks like we are or were in the final throws of the share selling triggered by the results. A great low level entry point for many in what is a very much reduced risk and profit making company. Let's start the climb up to reflect that
‘Buy’ of 591,406 @ 7.64p just been posted after the bell times at 15.32
1
Would like to add my thanks to Mr Village also. It is my impression that MRS is under/off the radar for many as to the casual eye it is weighed down by its past and to many not in a exciting sector. Both of these factors have been of benefit to us who see real value here. The up coming interims should really be the major step into a new chapter and leave us hunting down the back of the sofa once again...
Hi Wee(d) - glad to hear you are aren’t offended! Not bad for a Friday (even though it’s Thursday)
Ah yes - I’ll post that again tomorrow! “I was wonder who would spit my deliberate error” Well done that man Weed
A decent 1st buy of the day. Hopefully we should start seeing a rise as we head towards the interims
DOW a bit jittery and a usual slow down at the end of Jan. Keeping an eye on things - a bargain to be had here
With an eps of 4p anyone care to put a P/E ratio and share price on that!?
The MM's happy to stock up on MRS - I fully expect a sharp upwards move afterwards
Off in the right direction. 24hr operations at MRS is such an encouraging sign for the future.
With the coal boom in Australia driven not only by local but worldwide demand MRS is so well positioned to benefit from this situation. It is my opinion that companies like MRS are often overlooked as they are not seen as the latest thing..(techno bitcoin crypto cough cough) This is the case with us and I further think that once people are sure that there are no further coal dusty skeletons in the cupboard (some people are a bit slower for whatever reasons) we will see a sustained rise in sp. Not quite the ground floor entry price here but as the saying goes probably the second best time to plant a tree! May I also wish everyone a happy and prosperous 2018
DIRECTORS Andrew Suckling (Executive Chairman) Kiran Morzaria (Director & Chief Executive Officer) Donald Strang (Finance Director & Company Secretary) Adrian Fairbourn (Non-Executive Director)
Up - being populated - just barebones ATM.....
Well someone needs to get themselves over there and ask them what in tarnation is going on! ;)
So it would appear to be slightly more than just a name change! Fascinating...