The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
A person on ADVFN was on about the fall in the USD which means in pound terms the chances are a NAV decline in GBP however in USD the chances are a NAV increase. A USD NAV increase is still bullish regardless of the currency decline as this supports the long-term trend while currencies always fluctuate.
There was a £594.00k trade going on late on a Friday. I wonder when that is complete the Q1 will be out and with no financial calendar we can see last year its was the 1st of Feb. So tomorrow possibly.
Well spotted and thank you for the heads up on this. Glad I picked up some under this price.
If they do sell UK assets then we'll all need to fill out an NR 301 form for everything other than a SIPP?
Its been a textbook on the chart since Christmas but the 200-day is a nice tick. Frustrating watching AAZ rise as I wish I had shares in that as well.
People are selling because RSI lines have crossed to the downside and don't follow the rig.
Not that it matters but I have added. Its a poor time to be adding heading into spring when these should really be picked up in Summer heading into autumn and winter. But I3E remain too cheap an institution will pick these up in time.
...the "bond" like behaviour is probably why some have sold for bonds.
It probably was way too much diversification, however, we are in a new environment and also shocked by interest rates. These assets are now on significant discount and the portfolio pays a dividend that will attract income seekers looking for a total return starting from a historically low discount escpailly if they see inflation and rates come down a little. A bit like bond. Many will also be attracted purely for the discount or the steady total return.
Break higher out of the trend in June 2022 and also the point at which it crosses above the 200-day average (golden cross) could be possible this week and given where the oil price is surely could be the turning point?.... or not. Thats techicals for you.
The lower dividend in 2025 looked to me like because they are focusing on growth (obviously) but modelling declining in gold price "...real terms to bottom out at US$1,524/oz (real) in CY27."
OMG there is so much PI movement in the share price and the messages in the forums here!!! Regarding price going forward it could mean lower than $2.50- $3.50 as mentioned but as gas was too cheap between 2011 and the war and historically before 2011 it was much more. Russia does have an impact globally but that Russian gas will not flow back into western countries for at least 10 years. We will up 5% tomorrow.
Gas in the region has been too cheap before the war over the last 5 years averaging $2.42/GJ but It is worth noting from 2001 to 2011, natural gas averaged $5.92/GJ so NOT once in a lifetime.
Scooby I can never find a financial calendar. I think they only have them in the main markets but I could be wrong. I rely on my trading platform to let me know the nest dividend. Not that I am a trader in this I3E. I am an income investor here and welcome share price declines from those not wishing to show patience. As they capitulate on weaker technicals I will be buying more and the technicals are weak today.
The MACD look in good shape and we the next NAV update could result in a higher and even wider discount given the sector this is in. At 616p this is a strong buy for a trader or investor.
"A bit of a disappointment as another delay from Montara which I presume will now be announced with the next trading statement. The news from Stag was better but it has been a grim year for Jadestone, nevertheless it is amongst the best in the business and I have kept faith with the team and it stays in the Bucket List and I’m confident that through its existing portfolio and inevitable M&A it will outperform in 2023. "
https://www.malcysblog.com/2023/01/oil-price-kistos-iog-jadestone-and-finally/
Shareholders are getting frustrated and selling. Happy to pick them up myself along with the buybacks.
The markets have rotated into dividend-paying companies over the past months if not a year or so. Its time for PAF to shine and show what it can do about this regardless of our own personal views on dividends. Its not about us but about future buyers of our stock for the long run.
Nicks $52.7 is with 100% dividend cover?
We won't be producing from the NS until 2028 was mentioned, which is 5 years away for what was it net to us 6000bopd? I am not sure why it should take 4-5 years for what was a simple tie-up. In the meantime, this becomes an income stock floating with the O&G prices. I personally am fine with that being an income investor. But the beauty of these Canadian wells as we know is that they can be reactive and spun up quickly. No one is investing in large 30-year oil fields these days.