The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
Surprised the sp is showing a touch down right now. The company only bought back 125k yesterday from the 10m they are seeking. I guess they have a limit order at around 96.5p but will probably have to bid up to achieve their aims.
I see the company have announced another £10m buyback very shortly. And the revaluation is due this month. Not many shares in circulation now but I managed to buy at 96.32 today. I hope the valuation will be north of 120p a share. Clearly they would not buy in unless they expect the valuation to be a fair bit more than the sp
I agree. Its rubbish. How can you use this data to help guide decisions? You can't! You wouldn't think it would be that hard to get it right!
Ok thanks I see it now. Mills again. Interesting that you say it doesn't usually move with the market- or the sector.? Maybe because it is fairly tightly held?
Are you sure? The only director deals I see were very small div buys yesterday? But if there are sales today that may explain why gle missed the market rise today.
Quite a few chunky sells today but no buys of any size. I was expecting the company would step in as partbof their buyback strategy, but no sign yet. Maybe tomorrow...
You want me to explain the relevance of a director selling £3m of shares????
The difference being that you are not a director on the inside track. I assume..
Don't get why sales volumes so high. World class company, well run in a huge growth market. Likely to be a 2016 pick for analysts new year forecasts. Not overvalued so why sell? Seems crazy to me!
Hmm. It would not be prudent if he believed the sp is heading north. It would be foolish. Director sales of this magnitude if unexplained will always raise a ?
over 3m quids worth! He still has a lot more but presumably he feels the current price i as good as it gets for a while.
Published today fastest growth in #of homes worth over £1m last year was east of england at 28%. Buoyant market prices can only be good for uanc hidden asset values in alconbury etc. Good news for investors in this overlooked developer.
More buys than sells, if classification right, but 3% off. More games...
Very strong results today and a deserved sp increase. But still among the best value in the sector in my view.
.. or bank profits to window address 2015 fund performance ahead of possible declines when the Fed increases rates next week? Keep cash, buy back in January I hope!!
Published 2 dec and well worth reading on uanc website. Very detailed and draw out the difference in approach to major housebuilders. Lower risk in my view. For investors who worry about difficulties for 1st time buyers in and close to London, the UANC sites a little further out are more affordable. Business looks conservatively run and is making good progress. No fireworks but no downside either in my view.
Am I missing something here? If after trying really hard, playtech could not satisfy regulators that the deal made sense, surely that implies that the original regulatory issues that put Plus in play are still unresolved. More than just paperwork surely... Until they get a regulatory green light for business as usual, why wouldn't the sp drift down...??
I agree. I like the sector relative to all others and at this level bvs is the best value in my view. Just trebled up and v happy to huy at this level. Don't see much downside...