The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
I disagree strongly . Suppressing the SP and leaving us unable to raise money as easily for expansion seriously delays and disrupts the VRFB market. I know for a 100% fact that Elon Musk ( proponent of Li batteries) intervened to slow the publication of an article on VRFBs by claiming the figures in it were inaccurate. I could well believe that an individual heavily invested in Li tech might want to slow the take off of an alternative technology.
I suspected you had those as well as 36Cs....
True. But Knuttie makes a point. If you have a huge seller content to churn a small profit and disinterested in the long run or any potential selling low, the SP won't move whatever the profit until the seller has cleared. We have seen this pattern too many times to our cost here.
Pickler. This is a really good point. Many in the know thought Duferco would hold shares. I share your concern about the CLNs. Things might change in the next 5 months; but they haven't in the last 5. I would strongly encourage you to write to FM and the BOD and ask the question at AGM. BUSHY 100 ; a poll on this issue would be much more interesting given the institutional selling over the last few years.
No. HMRC takes your FIRST purchase for CGT purposes
Couldn't agree more about GSKW. How misguided moving a world class pharm to focus more on retail products. It's a million miles from the slick science based organisation i enrolled patients into phase 3 asthma studies for in the late 90s.....
Pdub. I agree that Alfa brings a wealth of knowledge to the board and I'm glad to see this continue. But, if you were his manager with your experience, would you not tell him to be a bit less arrogant and dismissive of others? The effect of this on new readers can't be helpful.
Steve posted some fair comments yesterday which Alfa rubbished and then did not have the grace to accept that Steve had it right when Steve cited the RNSs word for word.
Someone, can't remember who, posted about the persistent seller theory and noting that sells were being dripped into market to avoid trashing the share price. Am I the only one that considers it trashed at 15p? This just goes on becoming the most frustrating shareci have ever owned.
At one level, I applaud Pdubs relentless focus on the positives. But I also believe that these have to be weighed with some more recent negatives. Everyone ( even pdub) has acknowledged shortcomings in the communications. The news flow on so many things has been unacceptable. And don't get me started on the "priority" announced in 2019 about JSE listing. The stationary situation of BE. Or the lack of anything about Lemur and iron ore. For me , Fortune needs to show he can move this on in terms of growth in SP. The ONLY metric that matters.
The thing is, it seems to me that it doesn't matter (in terms of SP in short term) how much our production and V price rise. The SP is locked down at this level because sellers are happy to get rid of shares for 15p. This means that we won't see any rerate in my view until they are done. Then and only then will we see the relate we deserve on fundamentals.
Yes indeed that is so Pat. But we should (could?) have tried to tie them in a bit longer for the period they had to hold. Others have postulated that changing the repayments after the initial agreement allowed them to dispose of shares more quickly than the original tie in? I'm not sure about that, but they did seem to start selling before we expected. And I get pb940s point about covid. Just seems that the PIs here have much stickier fingers and higher expectations than the other large holders !