The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
Trisor.
Ignore the 19p which was used to calculate his share allocation..He gets the shares for free on dates stipulated.Once he vests (accepts the shares) they are added to the overall shares in issue..It's legalised corruption.
Not just the problem of people making false car loan charges,but the CEO also stated revenues will be down due to realignment of trading strategy..Dividend is reduced to a tiny amount for next 18 months..The share price will,have a bump upwards then meander sideways and downwards to around 16/8p over next few months..Notice no director buying even at 50p level
Underlying profit and pre tax profit....
The most important metric is the underlying one for investors..Pre tax includes any one off gains and losses,eg provisions,sales etc.. Underlying is the figures used to show the actual day to day trading profitability of the company.
Therefore Metro made another loss for 2023..
On a positive note,the bank only became profitable in final quater
Trisor..when l say contracts business,where you don't really know the full costs associated with the bid for contract..Because each bids costs are different as the contract is unique..Take darktrace for instance,they know exactly what their unit cost is as it is a repeat performance of previous bids,as are oil and gas companies... Hope this makes sense..By the way forget to mention that capita also has over 200% gearing relative to its market value..
Re Warren..
Yeah right..you forgot to mention well over half a billion pounds in debt,no profits and £100 million trading loss in 2023..What's not to like??? Noone will come near capita as it is a contracts based business
Let's be honest here..Any company that has to freeze staff wages can only mean the company is utterly desperate to save money to survive..It means they are still trading in the red,so cannot distribute any funds..l am expecting the SP to drift sideways and downwards to around 11/12p mark for rest of the year..l sold today at £1,340 LOSS
Oh dear.We are all in now for at least a two year wait to see a trading recovery.Nect year is a right off.. CEO buy £52,000 of shares which is decent but not excessive to give SP momentum.. CEO also states £100m of additional cost saving targeting for next year..However debts increased by £100m this year so all it amounts to is swings and roundabouts..Very depressing..Private equity does not usually target contract based businesses due to uncertain profitability and high debts
Just a lot of waffle by CEO,hiding poor to at best indifferent trading..Next financial year is going to be roughly flat..It's a sell even at this price.. Takeovers are rare for companies who depend on contracts wins ,but that do not Guarantee profits.
Shorts reduced yesterday for fifth time..We now know why as per today's RNS..I read the main way shorts get their info is thru a suspect within the bank network who are organising a restructuring or refinancing..That's why it's best to follow them rather then bet against them
Debt nearly 1billion USD,and only 200 more cars sold than previous year..Most cars are sold at a loss due to very high construction costs.Debt interest is payable at around 120million per year USD..What's to like??? Ferrari made a profit of 1 billion euros in 2023,but Aston Martin made a lost of one quarter billion USD.
Re Paradise wanted..
Small and mid size companies SP prices are determined by the market makers,rather than actual trading..They manipulate the situation as to whether they want more or less shares on their books.. Often in the morning you see an SP go up by 6% yet if you look at volume it might be less than 50..they are trying to stimulate buying,and then the SP settles back and you have a loss on your hands..They also stretch and narrow the buy/sell gap depending on their current needs etc etc..In effect you should never buy a share that has only one market maker,as they are the worst manipulators