The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
I am currently in EUA (for the last year) and suddenly realised that I was over-exposed (if you can even call it that with EUA) with 90%+ of my SIPP with them. I am absolutely certain they will have fantastic news to come but at the same time I wanted to de-risk slightly (as much as I dare but still 80%+ in EUA lol).
So the last few days I have managed to pick up 2.3M@avg of 1.9p in my SIPP (plus a few in my ISA).
Spent hours over the last few nights reading the past RNS's and any other information I can get my hands on. I see the same kind of ethic from the company and expansion as EUA has been and continues.
I can see this being the next big one for myself and many others.
GLA and please DYOR, pays benefits in the long run.
Flash
Depending on the amount in the end I might do that, BUT:
Lost my previous partner in 2015 and realised then that money wasn't going to solve everything.
Enough to live on and enjoy, for my lifetime, and help a few others, works for me.
Hopefully, we all come out of this as winners. If we end up having to mine ourselves it will still work for me (don't see that happening though) as still have 5 years before I can do anything properly.
Darren
Currently a LTH and will stay that way until the end.
Hoping that there will then be enough in my SIPP (still 4.5y from 55) to retire and move out to Spain and get a relatively small property, but big enough where my parents and my partners mother can come and rest for a month at a time without worrying about hotels etc.
If it finishes at 80p+ then I can make that dream come true for myself and them.
No fancy cars needed. NO kids so if I can give something back to the parents then I'll be very very happy.
Good luck to us all, not that we need it with this BOD.
Thanks
Darren
I've been invested for the last 15 months and continue to NOT selling a single one, unless I'm absolutely forced to, so personally I'm partially hoping it stays this price for 2 more days (Payday) so I can grab a few more for my ISA.
Got many, many more in my SIPP but 4.5 year from retirement so could do with a little FUN money in the meantime, so ISA it is.
Unfortunately I had to sell £1K worth this morning out of my £300K total because of a rights issue in another share, and didn't have any others I could get away with selling a bit to get the paltry amount.
Even just 1K selling I cringed!!!!
I couldn't think of trading this at the moment as I would need therapy every time I hit the sell button and just seeing that red dot suddenly appear.
No thanks....
Just thought i'd share my experience with EUA.
Got a tip on the SXX board last year (thank god) and lost a lot to SXX but learned my lesson.
Invested in EUA around Q3/Q4 and have 1.3M @ avg of around 3p.
Suffered like many the rise to 4p and then the sudden drop to around 2 something. Hairy moments!!!
Saw the gradual rise all the while researching more and learning that they are so undervalued so remained firm.
The suspension at 7.2p, while being great as I was obviously sat on a paper profit, was a bit scarey but was confident that they would sort out what was needed.
They did, and it has improved way beyond what I was expecting before a sale would be announced.
Was expecting the Flanks confirmation to have more of an impact but like many I know that the sale price has nothing to do with the current SP.
It's all about the assets and superb BOD running the show for them and us.
Not intending to sell anything until the end game.
Being in lockdown I have managed to buy some in an ISA, as no spare in my SIPP so will continue that way until THE RNS!!!
Fully support the company and BOD, and yes this might be regarding as a RAMP, but what have they done wrong???? Nothing.
All about the end game now.
Thanks
Flash
Smiler888, I think if (should really say when - but edging caution here) the big RNS hits it may be quite quiet on here as everyone will be too busy opening bottles of Moet. I know I will be.
Best of luck to you and every one of us holders.
Or is it a case of they had the contract of 50000 before they were taken on board, and now been told that they can't hold onto it as not technically owning the shares, and they are now have the "Insider" information to hand!!!!
Might me completely wrong but just seems like putting the house in order.