The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
Since float... More like floater, this things a big brown log painted gold. Imagine having been buttered up for £19 a share at a minimum of ten big ones at a dinner party. Then get bum sticked like this to under thirteen quid. I see this at £5 a go and even then I'd be scared given past form, even the Tom Baker impersonating toad man can't save this, another one trick pony SUV in the pipe like he did at nissan, talk about diluting your brand with an automotive abortion. I guess all the investors like having a heavily depreciating asset in the garage, might as well put one in the bank too. Shocker tbh. I'll eat my own bum if this gets back to its float price before 2020. Reckon the old palmster will run back to daddy when it all goes wrong, now that his best buddy Carlos is facing porridge after allegedly trousering big bundles of coin. If the buying demographic of these shares is anything like the cars, then their children's children might stand to see a return at odds of 10/1... I guess a few vanity purchases were made, sole reason being, to put a certificate of holdings up in an immaculate heated garage where a spanner hath not been spun.Rant over.
Very shrewd, that's where I topped up as well. After doing the hokey can on this for a few weeks I'm all in for the ride now. Let's see what the weekend brings. Been a miserable affair the last few days with my funds. Fingers crossed and good luck.
Good news today. Nice to see a rise. I'm here for dividends and have fond memories of the hobby from when I was a youngster. I just play the computer games now.
Somebody is salty at selling before a rise, and now cursing everyone out. Lot of people will have taken that rise as a chance to get out and it all begins again until news. I'm planning on growing a beard while we wait, or get a bonsai tree since my lime has decided it no longer wants to live, mojitos this evening with its remnants. Toodle pip!
Smithy was invested here and sold at a loss. He pops up from time to time to repeat old articles. A bit like a parrot, time to throw a tea towel over his cage. Posting here hoping to direct a change in the sp is like dumping a bucket of water in to the sea anyway. It's good to see all news but sometimes this place feels like an echo chamber with the same old guff being played out over and over again. Next man to mention value of the Heathrow slots / £7kph should be pelted with rotten veg imo. New developments are what's needed. Until then we are in sp purgatory. Up down left right a b start.
The spread is a total joke at the moment. I can't see much selling going on at this point as it is apart from institutions clearing out. Watch it close up.
I've been in since 10p and 13p, rode it to 24p took a slice, bought back in at 20 then sold off about 75% at 22. Back in now, AVG 16.2 or so. I'm pretty confident that next week will see this move up again. I'm locked in for the offer now. Whatever it does between now and then is of no consequence, good fun watching the games. I feel bad for people selling at 14.2p. Have fun all, last few days have been a bloodbath all over so no surprise to see some turmoil here.
As they say, that's just my gut feeling, but they have a certain brown waste for brains so take with a pinch of salt. :-D