The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
I know how you feel Jim…..it’s bloody frustrating. I am faced with my usual dilemma next Wednesday. The last several results announcements I have contemplated selling some of my holding the day before…..on the basis that they always go down on the announcement. Will this time be any different ? Why should it ? The only thing that will stop me doing it this time is the hint of a divi announcement.
What are your views ?
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Paulson had around 42 million shares left after the last rns. So if today’s 20 million was them, coupled with some large sells a couple of days ago, they could be nearly out now.
If that is the case, we should see an rns early next week to show them going below 3%.
Interesting times !!
It was sold at the time of the acquisition of Angel Delight, Quorn and Cauldron to help with the funding of those brands.
Typhoo was not seen as having much potential for growth (I tend to share your view of marketing people).
“You are wrong Paulson is probably still losing money, Paulson has been around for more than a decade as an investor.”
I think you are wrong Kallumama. Paulson have been shareholders about as long as I have and I am no longer losing money. I suspect Paulson are fare better investors than I am.
Let’s remember what the history is here. Paulson and Oasis came on board as “activist shareholders” they were both dissatisfied with the performance Gavin Darby as CEO. They were both given seats on the Board and they saw through a complete change in the BOD and a change in the company strategy.
Obviously I don’t know what they bought their shares at, but it must have been around 30/40p.
They have both more than doubled their money. Paulson have now stated their intention to pull out. They have left the BOD and are gradually selling their shares. Obviously someone is buying them, but we don’t yet know who. Oasis have decided to stay aboard and have retained their seat on the Board. Can’t see much happening this side of results day........but what do I know ? I am thinking steady as she goes.
Not sure if we get a q4 trading update....we don’t usually because it’s the year end results in may.
We got one last year because they announced the results of the strategic review on the 20th April.
Have to wait and see.