The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
The acquisition was a great deal. Roughly paid £1 for £2 back and just as importantly, if not more, significantly increased reserves. I expect the SP to be on or very close to the placing price at the end of the month. From August the SP should start to grow to justifiable levels. With all of this, it is a takeover target.
With this company their is always time to get on the boat. I won't be sailing until late autumn. SP should be nearer 1p. If I am wrong, so be it. But looking at the charts over the past 6 years, the odds are in my favour. Do not like what I have written? So what. Grow a spine.
This is a super piece of business. It's not dilution. Our producing number of barrels per day just doubled with great opportunity for more. Doubled the output with 50% more shares is great business. And a dividend next week.
GGG, you've got it wrong. It's a really good deal. Value per share has improved. I was initially shocked this morning, but this deal has brought multiple drilling opportunities. We are becoming a decent sized oiler in a very short period of time. Also makes us a very good takeover target, considering the little debt we have.
Yep, the ducks are starting to line up. We are becoming a real producer, moving slowly away from just a speculative stock. Exciting times, and am very very pleased I am fully exposed with this company.