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 LTH i am just pleased to see a new investment.A start up Bank in New Zealand at a nominal cost will do for me . D
mentions NEW shares today, sounds a bit more optimistic,to me anyway.D
the 200k trade at 8.56am was a buy,so i assume the next trade was also a buy. gla D
It would appear that we have reversed into Body Shop,surely that is a soap retailer and not Fintech :-)) D
For my two penneth I suggest ONZ,they bought 49% of a medical company that sounds(to me) impressive,JLP esp if the Platinum price keeps going up and LEG, they have gone up already but I think there is a bit more mileage in them. I do hold modest amounts of all three dyor D
surely this is good news for piri,so why the drop? D
Please dont even mention buying Valirx in jest! I have been in this share nearly 6 years. The share price only goes in one direction, down! Maybe Port Erin would be a start,as their assets are more than their market cap. I have a few shares in Val,and Fast,but not Pebi. aimo. D
For some reason i was quoted different prices for different amounts of shares,and 5m was the lowest quote.I like all four of their investments,however i would like to see them make further investments,but funded from an open offer rights issue rather than a placing. I am slightly surprised nobody has tried to take over QRM in the last few weeks. Maybe not PIRI,but they are about to de-list with cash and assets way above their present share price( i think i am right on this). I would think the shareholders of QRM would be pleased to be offered shares in another quoted company. just my own thoughts. atb D
That came out today has a full page article on one of out investee companies KENV . It all sounded very positive> D
Yesterday at 12.18 pm VELA issued an RNS re. their investee company 3legs. their shares went up twice after that in the afternoon. They own 23,500,000 shares in 3legs. PIRI owns 34,482,760 shares in 3legs and is a smaller company,but no RNS,no share rise. I would like to see an investment in FAST next here,as I do think that company has potential. I hold shares in PIRI and FAST,.gla. D
Pires needs to expand for the shares to go higher.I think they need to either have a not too discounted rights issue/open offer (rather than a placing), and ,or, make an all paper take over of one,or more of the other small dormant investment companies with assets and cash higher than their respective share price.This could be the right time to make a move with the markets being a bit depressed. All IMHO by the way D
atm its buy at .024,and sell at .0211,isnt that about 13%. If KENV go below 6p again,i will be tempted to buy some of those. D
As far as I can see ,the 4 main investments amount to £421,540, then you have Trade and other receivables of just over £100,000. as for cash,there cant be much left as administration works out at £25,000 per month (approx) and they only had £100,000 at the end of april.which suggests by the end of august it will nearly all have gone. I personally think we need a big rights issue,to take advantage of the cheap assets that are now avaliable,and generally give us liquidity. D
the first trade today is a buy. I see RAME and AVP are down slightly this morning. I think we need to raise a bit more money to make a further investment. atb D
with AVP and 3LEG,i actually (in my innocence) thought they already had something lined up to invest in,it is increasingly looking like they didnt. There are quite a few shell companies out there looking for probably the same thing. any ideas? D
It is always reassuring when your buys come up as a sell. we just need a rights issue now to give us a 5th string to our investment bow. gla D
this morning is a buy,the price dipped for a while,nice to see AVP going manic again. D
Speaking for myself,I intend to buy more PIRI shares when AVP or 3LEG announce an investment,or the buying price of the shares goes below 0.02p. The other small cap share i am watching is LEG,which should publish good results shortly gla D
And yet i have just done a dummy buy and the price is a fraction more then first thing this morning. I see AVP has just gone down a bit. I also took heart from Barack Obama's speech on renewables yesterday. gla D
of the day i think were buys. the second was me buying. I now like the look of all four of their investments. I think they should have an open offer rights issue now,to get better economies of scale. JMHO gla D