The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
Dirt cheap this mate plenty of cash
Just unsure when the market will reward it. Hope it goes lower sometimes the market doesn't reflect true value for years, I'm unsure it will get bought out
I find it gross that I find this company dirt cheap like everything on the AIM
Market cap at like 7 million is just insanity the market lost full confidence with the board
They should try and sell the company to unlock shareholder value
No rules on trading update don't have to if they don't want too
Probs be after year ends
My assumption is bad cash management if they start raising money by debt don't see it as a bad thing as long it's a long period pay back
Is equity financing a bad think either? It's cheap now the share price just allows investors to buy at a cheaper price
If institutional investors still believe in the project they will buy more
As seen with the capital raise they must of been failing to collect the cash which is worrying with the growth of the company
The big problem with labour agencies is that they pay the labourers every week, but collect cash every 26 days
So if they fail to collect cash there bang in trouble
Where is the trading update?
Companies like this are borderline value traps, great companies but only gonna make any money when they get acquired
There Isn't the growth there to reward shareholders with a share price increase
Maybe buybacks would help but doesn't look like that is the way they are going
maybe update tomz or wednesday
What is your basic on assets being worth than £187 million?
I'm struggling to understand
How you calculating book value?
Its 40p for me and that will decrease year on year due to deprecation
Adani ain't in the game anymore the premiums aren't there anymore
If its goes past 30p - 35p I'd sell
Aim is brutal when the opinion changes has to be a good trading update or we might be back at 7p
70p is mental mate haha
42p is book value
70p who on earth is gunna pay 2x book for a coal power plant
I mean I hope your right but …
This is still very cheap
I valued it around the 125p mark, still got tons of cash not to sure why they aren't using it for a bolt on acquisition or buy back shares
Trading update next week surely
Australian coal collapsing too especially with them capping coal prices
Hopefully an announcement on solar assets being sold gives us another 15 million in cash
Don't understand the valuation the company going to be producing cash flows in the top end end of 100 million in the future but the market value is 25 million
No liquidity to buy back shares
I never got a response back from the board need a solid trading update mate
Bis - Feels like someone else acquiring a position
I've emailed the board the following 4 questions ill let you know if I get a response
1) Is there any update on the sale of the solar assets as it has been over a year since the company put them up for sale and with the NCD due to be paid back we could do with the extra liquidity?
2) If coal prices stay high, is there a situation where you put the coal power plant up for sale as it isn't financially viable to run it? or the whole company for that matter?
3) Is there an update on the renewable agenda for the future of the company such as green hydrogen, blue hydrogen or wind?
4) The new 5% holders of the company, seem to have tried to unlock shareholder value at Block energy last year to no avail, are you willing to work with them if they called a general meeting and tried to help you increase the value of the company?
If its the same firm as the block energy activists they waited 3 months before requesting a general meeting If the share price doesn't go up