The latest Investing Matters Podcast episode with London Stock Exchange Group's Chris Mayo has just been released. Listen here.
An entirely innocent, if not naive question, but I was reading a bit more into Supply @ Me history, and notice the price paid by AZ in this morning's RNS is the exact same price Supply @ Me shareholders subscribed to the Abel Group shares. Coincidence or is there a reason for this??
Source (3rd paragraph): https://bebeez.it/en/2020/03/18/italys-fintech-scaleup-supplyme-will-list-london-march-23-with-227-5-mln-pound-market-cap/
At the risk of getting battered for asking such a newbie question (historically I've been more of a passive investor), but who gets to vote in tonight's shareholder vote?
I really should know the answer to this, as I'm an IT contractor working via my own limited company - is it to do with the class of share?
I appreciate Mr. Bennamor is not really interested in Mr. Fiisch's mighty 8000 shareholding, but curious to understand how it's decided who gets to vote?
Posted elsewhere, response from AZ re.: upcoming news.\
"Thank you for reaching out us. We ensured the market that all things announced will happen. We're managing the several business streams, and accordingly, with our lawyers and advisers, also setting the drafts of the upcoming RNS. Investors have not to be anscious [sic] or be nervous about RNS within end August (the company never said it will post an RS by 31 Aug) but that the business streams (self-funding model with local banks, SH placing, ...) will be completed in time or nearly the due date (in any case that they will be closed so the Company can generate profits in accordance to its business plan milestones).
We suggest to keep calm and trusted, you surely have understood well the potential of our business model (short and long term)."
I think I've been doing too much research. I can only seem to read this email in AZ's voice. Think they're struggling to keep a lid on the excitement - some of the chat on here/Twitter is more excitable than a football acca tipster page.
It's coming, money invested today at these levels will make a good return. Just sit tight and be patient. Christmas is coming.
As a passive investor dipping my toe into the water with stocks, am finding human behaviour on these boards absolutely baffling.
Intelligent conversation punctuated with "This share is amazeballs BUY BUY BUY!!!" and "OMG we're all going to die this share is going to the dogs" posts. Do people honestly base their decisions on Oiler Mark's obscene optimism or Chris from England's petty pessimism, or people buying/selling based on their own research?
Personally - it's a good business model, I'm satisfied the current price is undervalued, and that longer-term the price will rise. Surely people are wasting their time with such crazy ramblings on a message board such as this?!
It's hard to resist the temptation to stick the kitchen sink on this one...
Have historically been a passive investor, but decided to experiment with a couple of modest holdings at the start of this year (IAG; Aviva and Amigo). Decided to invest in my SIPP/ISA at around 0.25 after liking the business model, but only have about 1.5m shares in total. However, for me, that's plenty big enough for a single share.
Congrats on +1000% - not quite there yet, but some very impressive numbers all the same. Plan to hold for longer-term rather than catch any short-term profit, although I might be tempted to top-slice at some point and put the money back into decidedly more boring passive funds! :-)
Hard not to get caught up in the hysteria around this stock... Seems to have exploded this week. I'm normally a fairly passive investor, with the odd long-term stalwart in my portfolio, but had to have a dabble in this.