The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
Big trouble it is. 6m if so, this is split court costs? There was 3 in the defence. So they will live on, but looks like not in Europe. So just got a bit longer term. Maybe its the 3 thing, the last 24h, shocking... Family, work and now here! I'm going to sit, I'm going to wait.
Today? I believe we have a negative verdict priced into the SP, its just so low, it has never moved to the mass of solid RNS news and results, we are surely going to see some huge reaction to a positive verdict. This will lift and run and go perhaps over 20p within a week.
No RNS!
Best day for that RNS we are awaiting. Even a win won't clarify the situation fully as in 6 months an appeal will put us back here again.
Thanks guys, I must say I did not think about some of those points. My thought is that we will fall only +/- 20 % that being dependent on costs against Premaitha. Soon after I see this rising and rising very well. I'm sorry for being negative.
I have a question for the bb, if we lose the legal case, where will the SP go? I will also add in that despite much good news in many unaffected areas the SP did not rise, this was I imagine due to the court case implications. Should a verdict go to the Ilumina side, could we still see a SP rise? Or is this priced in already? Will it fall and where to?
I bet this share will rise as a result, if we win it will rise as a result, but right now it is just stopped!!
Today confirms no nasty dept surprises until the award process of planning is over! So that means we are clean cut just pure waiting for news until End of November. Nice place to be perhaps.
I think these are the lows!!! I Expect a move to 3p quite soon, with a bounce up higher very probable.
With poland im out, I just dont know, I never really invested on that asset base. Well with wales I do know a very big fact, there was no major objection at any stage, that is a very strong platform to build a solid case to go forward to the final stages. I will also note Clive Callister did not sell he recent share purchase in the build up to the first period closing, thats a very very good sign, without Wales going forward he would be looking a very low value return on his 1.26 investment. Who knows what the planning decition will bring but with no solid objection and a fine REH case put forward we can conclude Clive is confident and Im holding so we are 60/40 towards a positive outcome as 9f 7am Today.
Poland is holding an auction of wind energy rates (whats paid to providers) the outcome will revalue the polish asset, either way its currently valued at within 1.7m market cap. (Seems crazy when you also think that Wales is worth with planning 10m plus alone) I also note CWE is progressing very well indeed down under, either way our Market cap (£1.7m) is supported by some very strong assets.
Progression.
Can easily see a few buys pushing this close to 3p today. All still under 2m market cap with a potential asset worth well in excess of 10m.
Good pressure, 430000 buys against 60000 sells - 3p next?
Hate to say im ramping! Only winning at 3.50! X
Lets stop there and start again in the morning!
Is better with only a few buys!
Closes today, i dont see any big objections there, hope REH have a strong case in now.
Strongly to break out about 3.50 (from ADVFN)
RNS end of may could well blow this to 5p.