The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
Seems a bit weird normally after an rns you get some decent amount of chat wether it’s for or against but this time seems very quiet I don’t know much myself but I was wondering what the regulars and more knowledgeable posters such as eye guy thought about the rns regarding the nomad
Your money could get tied up for a long time and you won’t be able to do anything I know it’s not the same but I’d like to give an example I had some money in a share that was doing a reverse takeover they had 6 months to complete the process or else it would be delisted most people on the bb were saying it’s a formality and will be done guess what it didn’t happen and my money has been stuck in there for over a year luckily it was only £2000 so I’ve written off any hope of recovering it back I know it’s not the same for gcm but sometimes a job may seem simple but for some reason or other it doesn’t get done
Getting a new nomad doesn’t make much of a difference to the share price some companies have gone up around 10% on nomad news and surprisingly some have even gone down a little on new nomad news so if I was a new investor looking to buy in I would wait until the nomad situation is clear rather pay with the share price 10-15% up then have my money stuck in suspension