The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
Smiler888,
The proof (re a further drop) is in the pudding.
No proper club member ever believes his club will be relegated, until it’s a mathematical fact. And the power of ‘hope’ is strong here :-)
As Charles Archer is pointing out in his write from yesterday, this is high risk / high reward territory.
What ‘insiders’ ?
Everybody is selling!
(Except of course the die-hards who do not want to scoop up an additional 10% shares for when the SP takes another plunge as result of GR dumping).
This isn’t a football club to which you pledge your allegiance. This is proper AIM ‘eat or be eaten’….
I just 2 days ago was lectured by the ‘premier experts’ on this board, that there was absolutely no chance that GR’s 400m shares would hit the public market place.
2 days later, GR’s 400m shares are churning down the SP on the public market!
Classic ;-))))
ACKER
Re the increase to loan breaching AIM rules.
As the loan is now unsecured, and without interest entitlement, I can’t see why AIM would be bothered. GR is putting own money in at his own personal risk.
He is either very stupid, or very sure he will get the money back… I think we can rule out stupid.
Very bold move, and one not many CEO’s would be willing to take. I can only read it as GR having a damn good feel for the near future playbook.
I hope investors will reward him for his boldness (and his presumed confidence), at 8am tomorrow.
I live in Woking where previous council built us commercial buildings with assumed value of £2bn, so residents now owe £1.9bn. Specialist valuers now say the new assets is worth £200m.
Net assets is 100% subjective, and often over-inflated with many 100s of %.
Doesn’t mean it can’t be true. But the chances are slim….