The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
Https://www.dailymail.co.uk/news/article-13125027/marks-spencer-UK-favourite-supermarket-survey.html#:~:text=Marks%20and%20Spencer%20is%20the%20UK%27s%20favourite%20supermarket%20%2D%20even%20though,score%20of%2076%20per%20cent.
So RWC Asset Management are the largest institutional investor on the share register now at 4.73%. Shares purchased at around 37/38p on 9th February.
They won’t be wanting to see much further drifting in the share price.
I wonder if Silchester International Investors have been building up a stake like they did with Morrisons?
Looking back on the recent RNS history of MKS, I notice that there was a holdings declaration on 12th February which does not appear in the “Live RNS” heading
https://www.londonstockexchange.com/news-article/MKS/holding-s-in-company/16329064
I have set up RNS alerts for all companies in which I own shares and this RNS was delivered to my email address in the usual way.
The company acquiring the shares is RWC Asset Management and there does not appear to have been a previous notification according to the form submitted on 12th February.
A new holding of just under 5% is excellent news, especially as the financial press are talking about potential interest in MKS.
Just don’t quite understand why it hasn’t been logged under all the other RNS announcements on this page.
Good morning
Yet again I see that two of my posts which are neither hostile nor confrontational have been removed.
Each time I have posted, I reiterate that I am a LTH here, but it is not enough for some people on this board who just have to report me. And to think that my grandfather was killed in the Battle of Britain fighting for those freedoms which we now take for granted.
No point much bothering with this BB whilst I am in the cross hairs of those posters who seem offended by my comments
I agree that this is a stonking buy at these levels. You will see that I have opened up a new post rather than run the risk of replying to yours and having your comments deleted as well
All the best
We are all confident of a successful outcome in the testing down under although no data has been released
What I find difficult to understand is that the directors must have a feel for how everything is progressing yet have not stepped forward with any personal share purchases.
With the share price now so depressed, would this not be seen as a sign of confidence in the company?
Quady et al
Why do you bother to engage with 1984Investor. You all clearly disagree with the statements he makes. I accept that you are all entitled to a point of view, but this BB is titled SOLGOLD
Very little of last night’s commentary relates to Solgold as it enters, possibly, the mst important phase of its existence. The share has been on a steep downward trajectory since hitting 12p a few weeks ago and could well go below 6p in the next few trading days.
Then we have the matter of director Mather who has probably seen his personal fortune eroded substantially over the last few years, not helped by his belligerent attitude to BHP. Then you see him at the AGM spending most of his time on his mobile phone.
I now believe the only way out for small investors is for the share price to drop to 3/4 p. Hopefully this will encourage an auction amongst BHP and the other mining conglomerates to take our Tier 1 asset seriously. Not sure how much cash is left but at some time this year, if we are not bought out, we will have to raise more capital.
We certainly cannot afford to have a slow death with the share price dropping slowly over the next few months. This is probably what BH wants to happen. They will then pick up the Solgold carcass for pennies.
Meanwhile, please let us debate the survival/takeout of Solgold on this board and leave those subjects, upon which a number of you are determined to have the last laugh, to another forum
Carrington: just can’t work out what is causing so much downward pressure on the share price given what we are hoping to see in May when the full year’s accounts are published. What snippets of information that have been published, including Barclays reiteration of £3 per share, are all good yet the share price continues its inexorable decline
Much further and I believe MKS could become a bid target from a private equity fund looking to maximise the potential from the food side of the business.
It seems that RGO.LSE is having as tough a time as Sareum is, judging from its share price destruction over the last 12 months, mainly as a result of disappointing Investments. Share price has dropped from 0.8p to 0,3p in 12 months. NAV has just dropped to 1p so the share price is trading at a significant discount. M/V is now just over 2M
Just wondering what the position would be with Sareum if there was a further deterioration in RGO’s fortunes. Not sure how much finance has been committed to the companies they have lent to but I know Sareum has £5M agreed
I have been a shareholder here since 2012, and hope that the science will come good and that all investors will be appropriately rewarded.
I still believe that the directors should have tried a capital raise from shareholders rather than a loan facility from RGO which has led to a substantial reduction in our M/V
Price now is back to where it was in November 2023. The Christmas trading figures seem to be totally discounted now and seem to count for very little.
Share price has steadily fallen since results day. I accept other retailers share prices are also under pressure but this correction is pretty severe given the likelihood of excellent full years figures in May. A couple of institutional investors came on board at end of October & November no doubt with higher expectations of share price performance than is being evidenced
Bluedreamer: I, like you, have no knowledge of their financial status nor commitments.
But, they have both been in and around pharmas for 30 years plus. It is more likely than not that they have been successful in this area of their expertise. It is therefore more likely than not that they have received fair remuneration for their work.
Both men are likely to be in their 50’s. It seems inconceivable to me that in generating income, they have not created some wealth for themselves and their families.
I also live in Cambridge.
Totally agree Kat. This is completely the wrong message for the directors to send at this particular moment. Each director’s share purchase is worth approx £30K and I find I’d difficult to believe that neither director can lay their hands on this amount of cash to fulfil the share purchase obligation.
On an entirely separate matter, the RF financing has cost SAR £25M + in loss of market value - all for a £5M facility which might not even be fully utilised.
All very disappointing really
It would have sent a much more powerful message to shareholders if one of the other directors, such as Parker, had purchased some shares. I note what RMM has said on the matter but the company directors will need to adhere to whatever corporate governance has been put in place.
The non exec who purchased would need to have cleared his share purchase with senior management / directors. If there were some share price sensitive negotiations going on without his knowledge, he would have been advised not to purchase. If there were negotiations taking place and he purchased, it makes a mockery of the very governance put in place to protect all staff and the company.
Rebster408
I have been a holder here since the early days. I don’t like the financial arrangement that Sareum has entered into with Riverfort and it has, as was forecast, impacted very badly on the share price. The HNWI’s are nursing pretty heavy losses, feel let down by the company, and are not going to come back for a second bite, no matter how appetising that might appear, even in the light of promising testing in Australia.
I believe that Sareum could have got a small placing away without the carnage that has been caused by the Riverfort financing. Administratively, it would have been expensive and it would have been challenging to arrange an underwriting.
There are so many LTH’s who would have put up a few hundred pounds each to get the placement away and it would not have been at 50p, despite what we have been told.
My main point is the bitter responses to the two main characters who seem to be driving this BB at the moment. Many of you only want to see the ‘sunlit uplands’ and are holding on to your ‘golden nuggets’. I am one of those people.
These two characters are entitled to an opinion and to trade Sareum shares in an opposite direction to the majority of us. I despise short selling, but this does not make them bad people. They articulate their narrative politely, do not call other posters tw..st. and are entitled to trade precisely as they are doing, and post accordingly.
If their posts are offensive to you, primarily because you see them as vultures driving down the value of your hard earned investment, just don’t engage as you have just done Rebster408, albeit indirectly.
I believe that the share price may fall further, but am using the opportunity to purchase more shares. This is the only way to win here at the moment if you really believe in Sareum, as I do.