The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
I'm with VeganEater, the model he suggests though only a small change to the proposed model has a better chance of success and doesn't require mass (government level) adoption. The only economy I see capable and maybe even willing to adopt the proposed model is China but I imagine they already have their own plans and are already comfortable with the root they have taken.
I'm willing to hold my position for now, but if the cash burn goes extreme I'll have to exit.
Personally, I think it's still cheap based on growth and forward earnings.
This business is not going bankrupt anytime soon... I don't get the pessimism. At this price the stock is a bargain, average down and enjoy a nice gain over time.
My portfolio was updated before market open of the same day on Degiro. For a brief moment, I had a 1000% gain and theen the market opened. Ah well, maybe 10 years from now.
From here it looks like we maybe heading to 2.25
If I could still buy using DeGiro I would go all in at that price....
https://www.tradingview.com/x/UWfArYJ1/
Damn they should allow you to edit your posts for a short time after submitting.... important comma missing on that last one.
-> if you believe, then it's a time to buy more.
Anything is possible mate... it's just a technical possibility and no reason to panic should it happen. Same goes for anyone sitting on a loss... if you believe it's a time to buy more.
MMgames- It's a free tool. Just make an account and go to full featured chart. You can draw as many lines as you want. It's great for picking out price levels for entry.
It'll probably bounce off 3p which becomes a good buying opportunity for those wanting to add to their position.
Nothing to worry about here
https://www.tradingview.com/x/8oBCz42Y/
Thanks lusam, that makes a lot of sense
To be clear, I'm not negative on this business, but possibly on the terms of this agreement.
Available capital immediately reduced by 2.5% as a fee (on which interest will be paid?), 1.05% per month is steep, like credit card steep and warrants... sounds like the providers of this facility got a really good deal.
The terms of this agreement seem very complicated and the interest rate very steep. At this moment I can't see I feel entirely comfortable with it. Would it be possible to provide a model for the different scenarios?
@minded, maybe you want to take a look at Degiro's fees
Indeed gjbrandon.
I have made my my complaints, hopefully they will all trading to resume.
As for Degiro, I love their tool and especially their pricing, this is the first time I've hit a restriction.
I live in Belgium so I don't of any other reasonably priced alternatives that would allow me to buy Integumen.
Dear Mr. Brown,
Thanks for reaching out.
Our Risk department has enacted a buying restriction on INTEGUMEN because it is trading close to zero and is on the SETSqx segment of the LSE, which implies both high market and liquidity risks. Clients that currently hold positions in this product should be able to reduce/close their positions, but it is not possible to buy it at the time being.
I wish you a pleasant day.
Kind regards,
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Could everybody who has time please send an e-mail to clients@degiro.co.uk explaining why this is an incorrect decision... this cost me 15% yesterday and will cost me much more by the time earnings are reported.
Thanks
Maybe time to think about averaging down.... I will be when the price hits 1p and I will feel good doing so.
I wonder though, has anybody actually spoken to the people that have to work with integumens services?
Are they easy to use?
Do the clients / analysts / scientists actually like working with them?
I'd like to hear from people who have because this incoming contract story has being going on for a while...
I've got to admit, I expected a more severe dilution than this. The case for this company is so good I'm very happy to help by adding more to my portfolio.
Keep up the good work GB!
Love the company, love the story and I've been in for a while but for anyone reading all this positivity please remember the last thing that was said in the interview.
They don't have the capital to allow the company to grow organically at the rate of current demand. They need institutional investment and remember that institutions nearly always enter at a discount to the current market valuation. Beware that the share price may not go through the roof as you are expecting but rather stick to the floor for the short term.