The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
From today's RNS, 80% up front, 20% recurring over 7 years. £3.3m/200k = £16.50 a meter, £13.20 up front X 500 = £6.6m income = 'healthy profit'. We all know India, so that 15 months will be 3 years ( if lucky) therefore need 7 projects of this scale every year to scrape to break even. Won't happen soon, even if you make the financial year 24 months long (wonder if that was RSM's idea?) . Placing acoming.
You might want to see the top story in the Sunday times business section today questioning the future of your new auditors. Internal accounting blunder. You always get a lol with Cyan, we'll, if you're not a shareholder that is.
I have thought it out Tony, and I'm glad I am out as it's down 93%!!! since. Maybe you should take your own advice. Btw, you never said what your stop loss was, or is your plan to ignorantly plough on regardless? Actually, I've heard enough from you to make my own conclusions. Good luck, you need it.