Member Info for chilting

One thing that we haven't considered - maybe Woodford will hold on to his stake in ITX - he must see the potential.

He has said that most of his holding will be in the FTSE100 and 250 and that he will get rid on non market investments but that still leaves room for a few AIM stocks.

This is the relevant bit from his last statement -
"When the fund reopens, you will see a much more liquid portfolio, but one that reflects the same investment strategy. The portfolio will continue to be focused on undervalued companies, but the majority of them will be FTSE 100 and FTSE 250 index constituents".

Scott Spirit - seems to be slowly heading towards AK and is now just 11.7 nautical miles away - hopefully we should see a hook up tommorow morning or maybe even today. AIS is poor.

spindok
The problem is that the existing shareholders may not see the benefits but hopefully they will have more luck getting the bonds away in September - as long as Trump doesn't ruin things again.

Just in case some of our Swedish friends are wondering what Eton Mess is - it is a reference to the ruling Conservative Party - our "beloved" new Prime Minister along with many of his new cabinet were educated at a public school in the south of England called Eton College - it is also a traditional English dessert consisting of a mixture of strawberries, broken meringue, and whipped double cream that was believed to have first been made at Eton College - hence the link.

Politicians have certainly ruined my investments this year.
Trump here - yes Kraken but a round in the guts would be better - death would be slower.
Eton Mess at SXX - failure to provide Gov Guarantees led to dilution - now Trump has scuppered bond issue.
Eton Mess Brexit - for ITX and pension pot led to Woodford's downfall.
But everything can change - onwardfs and upwards.

The trouble is that he probably still holds between 13-20%

No sign of the shorts trading this morning - still on the up

Sirius Minerals PLC
9.40
9.98
0.74
7.95%
9.92
9.98
10,439,045
08:30:04

I suggest anyone who is minded to sell holds at least for the moment - we seem to be on the bounce???

Trading better this morning so far
Sirius Minerals PLC
9.40
9.49
0.24
2.62%
9.54
9.58
5,217,248

Quite agree Appychap.
It was all down to unlucky timing and Trump - the market has adjusted now - just waiting for SM to pick the right time for a relaunch.

Scott Spirit is still to make a move - currently waiting just 18.7 nautical miles east of AK.
The weather problems further south in the UK are not forecast for Shetland - all is calm.

Nice to see Brent much improved this morning - waiting on Saudi/OPEC action.

RogueRiver
I think its gone beyond that now - the Chinese responded by letting their currency devalue ending hopes of an early resolution to the tariffs issue and then Trump accused them of currency manipulation - bad loss of face.

Trump is relying on the strength of the US service economy [about 80% of the total economy] - that will only be slightly affected by the tariffs. He is pinning his hopes of re election on his strong man image against the foreign foe.

The US would probably be the last major economy to go into recession and he would be re elected by them.

Maybe its just me looking at the way my oil shares have dropped in the last few days verde - that b*stard Trump has got a lot to answer for!!!

I think it was the shock of Trump's tweet last Thursday that spooked the market - hopefully things will settle and SM can get the bonds away in September - a world recession seems inevitable now - so much damage done in the last few days.

A full day earlier than the ETA - guessing that hook up won't be until Friday - 12 days since last load.

Shorts down 0.7% - taking advantage of yesterdays fall.

brent in freefall - EIA BAD.

No doubt the balance was in China's power but the way Trump has handled the solution is way off the mark.
These deals have to be negotiated not dictated and it takes years of negotiation to get them fair and right.
World politics has to be about negotiation - give and take - otherwise we just end up with turmoil.

Yesterdays RNS was certainly bad news and came out of the blue to most investors and the reaction to it was as expected both in terms of comments on this board and the SP.

The problem is that no one seems to have taken the information supplied at face value.

The current problem for the corporate bonds market started with Trump's tweet about Chinese tariffs last Thursday - this was totally unexpected and sent markets into a spin - most analysts expected the tariffs issue to be sorted this Autumn - the Chinese then retaliated allowing their currency to devalue - Trump accused them of currency manipulation - it seems now that after this spat we can expect the tariffs to remain for the long term. The market will adapt to this position over the next few weeks but in the very short term it has scuppered SM's plans.

I have no doubt that when SM launch the issue - probably in early September - we will get a successful outcome - providing Trump doesn't create more waves - he may target the EU with tariffs next.

Yes agreed splatted - but until we get some positive news I guess the SP will stay around these levels with very little trading - we wait.