The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
Extrader I am Driving.
I simply upgraded my phone(and lost my password, linked to my old email).
I still hold 3.2m (average 2.7p)
Sometimes there is a simple reason!
12p resistance..plain sailing until 25-28p…then nothing until 55p ish.
JMO
Also I only give 10% weight each to technicals & fundamentals, the other 80% is all psychology (sentiment).
Gla.
This time last year we finally started to turn the corner!
Can we at least get back to a modest share buyback program.
Although I understand the power issues haven’t been entirely in our control, the share price is still very frustrating!
Gla, and hoping for a relatively good qtr results next week..
Does anyone know if/how we can find out whether Oasis Crescent added to the position again last week from the 0.43% holding declared prior?
Thanks MM.
So if we assume(big assumption)(but they were not sold on the open market), that these shares are still held by individuals, and have not entered the market.
Then there are about 100m shares in PI’s hands, there are a few on here that hold millions(me included).
Potentially a very “tight” free float?
All this leads me to believe that Glencore will with agreement of KE(and perhaps also JH+ a few others)will acquire the outstanding shares, at a “fair price”(probably with glencore shares held in treasury), when the time is right.
This would be more easily done, with the recent restructure.
Just my take, IMO.
Gla long-time suffers, hopefully this is the real one.
Do any of the LT holders know if he still holds his 115m shares, he’s not listed as a major holder on the company website.
Also can’t find any info on him having sold, so what happened?
Thansk in advance.
Much of what our CEO Andrew Tahar says is still entirely “live”.
https://www.proactiveinvestors.co.uk/companies/news/932353/zanaga-iron-ore-to-benefit-from--china-aggressively-pushing-to-secure-large-global-iron-ore-assets--932353.html
Also look back at the in depth research note, nothing much has changed, in sense of valuation(apart from the recent “dilution”.
https://www.edisoninvestmentresearch.com/?ACT=18&ID=6417
IMO -Minimum “fair value” £250-350m market cap(40pish), that’s the current minimum cost, having been spent, to get us where we are today.
That doesn’t allow for any opportunity cost, or inflation adjustment.
And that minimum valuation is based on no “materialistic news(offers/buyouts/ect), that’s where we should be NOW based on the IPO.
All IMO, but that’s why I have been invested in ZIOC for 8 years.
There doesn’t seem to be sellers.
Tightening liquidity, surely many who are here. value Zioc in multiples of the current SP? I won’t be trading/selling any further, I hold for news(and a serious re-rate), before I will sell any of my hoard.
Consolidating nicely for a next leg up.
News must be inbound, if nothing more than an update of progress?
Gla.
Must be priced in by now?,..I hope!
Done something I haven’t done in a while, added.
Gla, hopefully the power issues get resolved, and we finally get our great big “pile of gold” processed.
Onwards & upwards.
Seems to have formed a bottom.
Thanks for the research DTH.
Gla.
Added.
Been struggling this week to add.
Think it’s getting ready to rocket again?
There’s a massive pocket of air above 12p, which is strong resistance.
Gla.
Didn’t expect it to get this low, but hey ho!
Hold 1.2m
If it was value at 8p, this could be a very good buying price?
Having a laugh, they’ve put 10x that into R&D just to get where we are today.
Games at play here, wait to settle or add.
iMO & GLA
Added further, upto 750k