The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
Anyone with any questions about the scc meeting I suggest you call David Maxwell 01483 518899. He is the case officer in charge. He is very helpful and will answer all of your questions. Personally I think the meeting won’t be till November
I know some people have been in this for many years. I first invested just before Xmas last year at about 1.2p. I’ve managed to get my average down to about .75 and I’m tempted to invest more to bring this even lower. The trouble is at the moment there is no news at all. I might invest enough to bring my average down to .5 as I see this as easily reachable with any half decent news. I think I might give it till after Christmas and if nothing has happened I’m out. I didn’t invest to be this bored.
The other snippets I can remember from my chat with david maxwell. The minutes for the 1st meeting are available on the scc website. He said they have received loads of complaints about the outcome and the way the meeting was held. Another report needs to be completed 3 weeks before the meeting and he has not done this yet so will definitely not be September. He said it could be October but I got the impression it would more likely be November. Sorry if most of this is old news but thought some might find it useful. Troll hunter I hope your right about turkey. I really don’t think it will take much to get us moving up but the lack of news is getting on my wick. It can only mean there is nothing to tell us which isn’t good. When it comes to shares no news is NOT good news.
Just heard from SCC again and they said The formal decision notice has not yet been issued to the applicant. At this stage the only decision taken is the resolution taken by the Planning and Regulatory Committee at the remote/virtual meeting on 29 June 2020.
Once a decision notice has been issued there is an appeal process available to the applicant if the planning application they made has been refused, or if planning permission has been granted subject to planning conditions, to appeal against a planning condition/conditions imposed. This involves lodging an appeal to the Secretary of State, appeals are handled by the Planning Inspectorate
I can totally understand why people would be suspicious but having a day off work I thought I’d see if I could get any information from the horses mouth. At least now I know the reason why it was turned down. Why they responded to me and not others god knows. Do I think the decision was right no. The 1/2 hour I managed to watch on Monday (before falling asleep) looked like a shambles. Do I think it will be reversed or we win an appeal yes. And finally do I think it will make any difference to the sp probably not as the mms are wa@&£rs. They will drop on bad news but not rise on good.
I’ve got in touch with scc and this is the reason they gave me for refusal “It has not yet been demonstrated that there is a need for the development nor that the adverse impacts in respect of highways, noise, lighting and air quality will not be significant, contrary to Policies MC12, MC14 and MC15 of the Surrey Minerals Plan 2011 Core Strategy.”