The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
Volume huge on the Bourse (4 times here) and a lot of big (3000 shares and over) transactions pretty much first thing. I have a feeling that WorldQuant don't have to declare a shirt under 0.5% but I wouldn't swear to it. It all looks like them finally bailing out this morning imo.
Thank you for that Hillseeker. An excellent summary IMO. I also agree that the DHSC dispute may be looked back on as a good thing, or as a blessing in disguise as you put it. I don't like companies with all their eggs in one basket which was certainly the case 6 to 12 months ago. Novacyt has moved quickly to diversify the client base and I believe GM needs a lot more credit than some of the people on here have given him.
I think we are set very fair for the future, and despite being £31K up over the past five days, I am going absolutely nowhere folks (so pop that in your smoking pants you shorting folks!). Have a good weekend folks.
Starbright.
Not a good, sane idea and James said so in the webinar.
The cash is for investment into a sustainable non-covid future and it would be a massive failure of the board to give away a dividend as a short-term incentive to the detriment of building long-term value for shareholders.
In short, it would be a stupid idea along with a share-buyback at the moment.
Hi Wilson. Nice you have been able to find builders! They are in demand at the moment but suffering badly in getting materials. I friend of mine who is building a house for a client went to the builders merchants to be told that he was rationed to 10 bags if cement.
"10 bags! WTF am I supposed to do with 10 bags!"
"Start with the patio" was the reply.
Sorry for being off topic but it made me smile!
Agree 21ATS. There have been some big sells this morning which are probably profit-takers as you say. Mind you, the more of those that clear the more the underlying pressure upwards to a sensible SP will be.
I will repeat again this morning that no matter what or who's valuation you consider, this is stupidly, mind-blowingly and ridiculously undervalued. The only risk that you have with this share is that you don't take a reasonably medium or longer term view and that you try to play silly buggers day to day (but each to their own).
Anyway, GLA and only my own view (getting fed up with IMO, or even worse, IMHO!)
I think many of us were surprised at the 66% of shares on the Bourse figure yesterday in the webinar. That is certainly confirmed by the volumes over the past few days. What is also of note is the number of transactions, yesterday, nearly four times as many. We are not coming off the Bourse any time soon and PR over there is as important as over here.
We might not like it but they massively influence what happens to the SP. The five euro barrier has gone this morning so that bodes well. I've started to take much more of an interest in what happens across the channel. GLA
I've not said anything so far this morning as I wanted to see what the SP was doing (and it looks positive and robust). I do like Porks but he can get carried away and exagerate a bit (OK, hands up, a lot lol!). I don't think it is malicious in any way, shape or form btw.
I think that Soder's post and calculations are an excellent piece of work and very grounded in my opinion. There are still the DHSC issue of course, but a good resolution here could bring a big upside. Of course, all of our calculations have to make fairly big assumptions as we are not privy to the management accounts.
So where are we? MASSIVELY UNDER-VALUED no matter whose figures we use!
So, collect up all the toys, get back to the excellent research and discussions on here and hopefully we will see another nice sustainable tick up towards the weekend. GLA
I think you are in the minority WBAFC. I also think that you are being unrealistic in terms of what can be disclosed commercially and I disagree with your statement regarding GM.
However, its a free world and we are all entitled to our viewpoint.
I believe Naewise that they said that the approvals for that were 'well advanced'. My guess is a home test saliva based LFT is much more difficult to get a CE mark for than anything for a professional setting where control is better as regards process.
A prize worth waiting for however!
I think down to his personal circumstances and the position he admitted that he had put family in. VanV (who I suspect he was related to) did not help the situation. I agree however HarChris, that the way he left was a shame and thatn he was not in the good state of mind at the time.