The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
As a CEO, he’s the worst. I’ve never looked or followed him on Twitter, because I know he writes rubbish. Unfortunately get the gist of his ramblings through messages on here.
Anyway, at least we got the RNS we were all waiting for this morning. Jeeeeeezzz
There’s a great chance it’ll be this week, but a few think it’ll happen in late November. I don’t share that view personally. Either way, it’s soon.
You are right, we didn’t have a great Christmas, but of course it soared in January by about 250%, and that’s how quickly it can change
Agreed, but these tiny movements in price are irrelevant really. We pretty much know that the bottom price is 2.00-2.10p. It may climb slightly to 2.20p, whoopeedoo. The rerate will happen only on RNS news, either the CH is lifted or maybe something momentous on CBR. For example when CH is lifted the price should be over double current sp, imo. Now that may happen on Monday or maybe in a few weeks. It is very soon anyway. Meanwhile a 1-2% shift in price either way is irrelevant.
Have a good weekend folks. It's Friday, and in my household it's compulsory to head off to the pub ;)
Well, is that 1million trade a buy or a sell? To buy a million (which you can't do by the way without it going to a negotiated order) is around 2.08. To sell 1 million shares, which you CAN do the price is 2.03. So which is it then? OR, could it be just be another balancing trade, like that big £85k one we had the other day. Who cares, either way it doesn't seem to have any effect on the SP. Roll on the CH lift and we can then be rid of our number 1 troll ;)
I was wondering the very same thing. No movement all week really but there have been enough buys and sells to create a bit of movement at least. You feel there is something brewing underneath and suddenly it'll explode.
Actually there are a couple of small sells, marked as buys
25-Oct-23 09:51:03 2.0556 50,000 Buy* 2.00 2.10 1,028
25-Oct-23 09:49:48 2.0556 10,000 Buy* 2.00 2.10 205.56
Yes they do want your shares, but they want to get them for as cheap as they can get them. Many are now holding on for the big rerate which even you must realise is very imminent. the maximum buy now is only 200k, sell is still 1.1 million. That because someone has just bought over 400k probably.
Surely the sp has got to move up today. No guarantees though
Mr I, it is very relevant actually. It means that the MMs are offering to buy 1.1 million of your shares at the "proper" sell price at that time. Sure you can buy any amount you want if you want to buy well over the odds e.g. 3p, but who wants to do that??? So when I wrote that post the maximum sell was 1.1 million (before a negotiated trade) and the maximum buy was 500k. So very relevant in my eyes. They want you shares in other words
Mr I,
I disagree, I don't think someone would spend as much as £12.6k and not investigate a bit about the company before purchase. I just think selling right now when most sensible people realise news could drop any day now. That's my feeling anyway