The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
The fundamentals are dire here imv. It seems obvious to my mind that the dividend is likely to be slashed eventually if not suspended indefinitely. In addition, my prediction is that a massive dilutative Rights issue will be forthcoming to reduce the unsustainable debt pile. After such events occurring, it could become tempting to do some bottom-fishing.The risk/reward profile then could offer lucrative gains.
Pulled back >£15,000 of paper losses in the last week and sitting 3 pence below B/E. No chance of cashing in short-term profits when available as in for the long haul and MEANINGFUL profits. Phoenix rising from the ashes here!