The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
The lowest price in the last 12 months was when people were waking up to the fact that this is a good financial investment and the price was steadily rising. The peak was just before it went ex dividend, but it has almost halved since then mainly because fuel prices have dropped, but also because apparently more people (like the UK government) believe it is morally wrong to keep warm.
K3VMC : RNS 20 Dec covered the period to end Sep. It is now April. Have we produced much since then? We have HAD production, but my sentence being present tense implies a currency. I fully expect we have been producing, but the level is completely unknown so I took issue with the tone of satisfaction in "this level of production". Banzai may be happy, but I am not. Although I do not expect monthly updates I do believe that the company needs to be more revealing in these unsettled times.
Erik : I have digested, and think it great that loans are being cleared (which does imply some production :) and the conversion prices are very fair all round. If they were planning the sale of the group then normalisation of the conversions certainly would precede that. However, I am not looking forward to a sale, with my single experience of such an event. I was a happy shareholder of Sirius Minerals with the price in the 30s (pence) and then stable in the 20s before the company decided to sell. When it became known, there was a rapid drop to 5p, and that was all we got for our faith, compulsory purchase, no shares in AAL (the buyer). There is no obligation to buy at current SP if the controlling parties can be "persuaded" otherwise.
"We shouldn't forget, this level of production is well ahead of schedule, 6 months? Maybe more.. " - Banzai
We have no production. This is ahead of schedule? Perhaps there has been production detail that passed without my noticing. The conversion is either a non-issue, or it is a case of MBU taking advantage of the relationship to get twice as much money back from the debt than they would otherwise have done after the coming company sale to someone else. Who knows.
Krusty, not only do I not believe in it, but I have to confess I fail to actually discern a distinctive head and and shoulders, but maybe I am looking at the wrong tea leaves. I see wiggles up and down, and little more. I was never very good on the Rorschach either; I see folded inkblots. Nevertheless I am impressed by a prophecy that materialises, and credit to neverwithoutmiwi.
Like you, I would love to hear the announcement of its inverse, on this share or any other.
I regret that the description does not apply to me. I am a LTH and my pension fund is stuffed with these BEN shares that are aborted buds that promised a great floral display (according to the seed packet) but seem to have died in the frosts. I would love to see them come to life, but times have moved on since Lazarus. These days the head gardener has the ability to give RNS updates on the monthly growth (if any) of the plants, having a much closer view than any of us, but he is lamentably failing to do so.
It does not bode well for my poor plants, but I will not uproot them while there is still hope. Spring is not far away and it may yet work that miracle.
I counted 10 flies on mine, so extrapolating from the mileage I have done since the last wash and the average mileage people do, it seems the fly population of the world is in decline. This should be good for the banana trade, so should AAL be considering diversification into that market it bodes well for the future of the company. Beat the crowds, buy AAL now.
The trouble with always "next month" is that next month never comes. The second HWM was supposed to be here assembled last month and in production this month. One may indeed ask "what HWM?" Each to his own vibe, I guess.
Silly me posting in haste last night : of course no tax, just spread to watch and dealing charge to cover. And I reversed the times, it is buy at 3:30-4pm and sell at 12:30-1pm. Gain 20p less 6p spread = 14p, halve that in case I am looking at freak data = 7p, £10 dealing charge each way needs 290 shares, or over £3K to break even. Needs £5K to test, which may generate profit of £10 or £20. No, not worth it. It would take months to work out your capital gains tax at the end of the year!