The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
I have to say, it does seem a very strange announcement to make on here, and at an extraordinary time. Either way, you will have your answer whether it was a sound decision or not, this year. Not long to wait. I think you've made the wrong decision personally, but I would say that wouldn't I. Good luck on your future trades
Davie-b,
I do take your point, and I genuinely think it's very valid. I look at it a different way, as I'm not a trader, and I don't think you are too. Do I believe there is a very likely chance of CH being lifted? Yes I do. Nothing is 100% guaranteed, but I would give this over a 90% chance. Do I also think this hold will be lifted very soon? Yes I do, perhaps this month, likely this year, probably imo. Do I think the price will rerate significantly once it is lifted? Yes I do. Conservatively 100%+. So in summary, I'm playing the odds game, but as an investor & not a trader, but I do get the idea of derisking. I will be derisking myself some of my pile after CH has lifted, at a much higher price.
I realise we will always need sellers as well as buyers, but why do traders settle for a measly 5-10% only. Before Christmas we will be over 100% from here, surely. I can almost hear Vlad writing that RNS now (hehe)
14-Nov-23 09:27:23 2.5011 356,295 Sell* 2.50 2.70 8,911
14-Nov-23 09:19:41 2.553 78,535 Sell* 2.50 2.70 2,005
This looks very familiar to what HT put up last night. Anyway, very useful info and gives us an idea where we might fit in in the very near future.
Disappointed that no RNS came at 07:00 this morning, but always hopeful we aren't that far away. I'm still expecting us to have more blue days than red while we wait for the lead up. Maximum buy 250k at the moment and max sell 600k (before NT) makes the chances of a blue day today good imo.
GLA
I have a feeling we are going to get quite a few blue days now, right up to when the RNS drops. Which of course could be tomorrow or might be a week or two yet. Who knows!!!
Anyway, it’s definitely becoming more exciting. GLA
MMs not letting us buy or sell that much at the moment. Maximum buy only 150k, maximum sell 300k. This is likely to move up a touch more I feel. Well done JHFH, great prediction. Next week could be very very telling ;)
Ok, in which case I stand corrected. I did a dummy sell & buy of 400k and it was 2.37 and 2.27. Obviously this was of a different time frame though.
Anyway, I still think we are so close now. Could it be Monday!!!!! (fingers crossed)
Just to reiterate my point from yesterday. It still surprises me how many large sells you still see on FOMO Friday. Now wouldn't it just be fantastic if we get that Monday morning RNS saying the CH is lifted. Please oh please let it happen. Anyway, still no change in price so far
10-Nov-23 09:11:28 2.28555 434,834 Sell* 2.20 2.40 9,938
10-Nov-23 08:59:53 2.23 200,000 Sell* 2.20 2.40 4,460
10-Nov-23 08:04:15 2.22 220,000 Sell* 2.20 2.40 4,884
That did make me chuckle Pumpky/charge1962. Seriously though, it does surprise me when quite a few people still sell on a Friday, when I always believe the most likely day for a RNS is a Monday, or perhaps a Tuesday if it's a bank holiday weekend. I realise that a RNS can land on any day, but Monday is the most common. So, if I was a trader (God forbid), I would load up on a Friday afternoon instead of selling, and if the RNS didn't land on Monday, I'd sell Monday afternoon instead. Just my opinion.
Anyway FOMO Friday tomorrow. Looking forward to it ;)
GLA
It’s a 50/50 whether it’s a blue day or Red day, simple as that. We’ve had red days all week some weeks on no news, just rumour. We’ve had blue days all week with rumour and no news too. However, I do feel we are very very close now. Just a hunch that’s all.