Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Looks like some of the deals were done 'over the counter' as Thomas William George Charlton's ownership reduced by a substantial amount. It's good to see two institutionals showing faith in Feedback, others should follow.
Just check PJ and mine arrived today, ii.
I started taking an interest in investing about 18 months ago, it's been a steep learning curve and will continue for some time. I have a small holding in BCN currently making a 100%+ profit. I've been reading the posts, some of which have been very informative, bickering aside, but I'm not entirely sure I understand the implications of the recommendation to hold out for a better offer. Here's what I think I understand, please correct me if I am wrong.
1.) Less than 50% vote in favour: nothing changes the share price probably crashes back to 45p. Maybe a better offer is tabled.
2.) Between 50% and 75% vote in favour. Those who voted to accept get the offer, those who didn't keep the BCN shares. What happens to the share price is anyone's guess, I'm guessing crash. Or maybe a better offer.
3.) More than 75% vote in favour, the shares are de-listed. I've no idea what happens to my shares then.
My heart says hold out, my head says accept.
I wish I knew fishybilly, I seem to remember excuses about the exchange rate but it looks like the NAV has remained fairly constant but the discount has widened from mostly trading at a premium since launch. So it might be out of favour with some of the institutionals, nothing to worry about it should eventually be back in favour. For now just enjoy the divi's which is why I bought it.
Yes sharesport, good to see more capital deployment, I was beginning to get a little worried. Looks like around 35% invested, hopefully there will be more news soon.
Agree, definitely not a trading share just one of those rare examples of a share that just keeps rising. BTW the 5 year chart on here doesn't adjust for the 10:1 share split.
I'm experiencing that with BCN but still set to make 100%+. In that case the +30% was given away at 25p and the eventual offer was 67.5p plus maybe 6p worth of share in ZNWD. My guess that even if it goes that way the final offer should be a lot higher than the current 6.5p.
NAV up 10%, sp down 1.4%, very odd. Maybe the market will catch up tomorrow.
Their presentations are always worth a watch, they all seem to be very genuine. It's also interesting to learn a bit about the economy in Vietnam, before investigating VOF I didn't even know that Vietnam had a stock market.
Biased of course but presents a good positive overview of the fund manager's thinking.
https://www.trustintelligence.co.uk/investor/articles/fund-research-investor-jpmorgan-china-growth-income-retail-oct-2021#summary
Have Investco just bought about £80m worth of shares? Surely good news which will see the SP rise.
At the time of the IPO there was a lot about hydrogen in the media, perhaps a lot of speculators bought in hoping for a quick profit. I bought this as a long term gamble, I'm confident that hydrogen will become an important part of the clean energy mix but not for some time, at least 5 years. Probably going to be a bumpy ride until then.
how the the share price plummets then an issue comes along.
Good to see a non exec purchase £30k's worth at market price. Non exec holdings are becoming increasingly more important to me when I buy into an IT, how else can I be confident they are on my side?
The irritating thing about the JCGI commentary is the lag, this is the final comment from 31st July:
"Domestic policies point to a modest slowdown in headline growth, but most likely with it being of higher quality. Encouragingly, this will come in part from structural reforms around consumption, investment and capital markets."
I think this is a good point, the Chinese cp are improving the governance of Chinese companies which should be good for the long term investor. The issue at the moment is that some investors are worried about where the next changes are likely to be made. I'm assuming that the JPM team have some contacts within the Chinese government, that's why I'm paying them a modest fee rather than investing directly, if that's possible.
Phyl, they produce a monthly commentary on their website a bit delayed but that's how they communicate with shareholders. This has always been a volatile share which at the moment is going through a bad patch due to geopolitics, sell by all means, put your money in a bank earning 0.5% and avoid looking at the share price in the future.