The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
...we are told a take over is imminent with one or both companies trying to get the magic 30%. Then, just as they seem to be in reach they sell off all their free allocation, possibly followed by the other company doing the same once they have shored up the price with some tasty RNS. you know; put up a major interest in shares RNS while actually selling off your surplus. This whole thing stinks of corruption.
I don't think the negative equity will last long.
I got the information from NatWest Share Dealing site. They list the company's owners as per the figures below. This means either a coincidence, a battle imminent or a conspiracy. Given what has gone before I wouldn't like to guess which.
Company still are a safe long term bet, but I'm out for now.
Don't get carried away. I'm not one to marry my shares and certainly would not show patriotism to British companies unless they deserved it. If possible I'll hive a few of these off at 5p on Monday to add to my investment in another little project that reports on 31/12, and maybe sit on the others for a while.
Yes, seems like a reasonable punt. Thankfully I got in before the rush today. Let's hope today's rise gets mentioned in the press and the SP gets another lift before the brokers pack in on Friday.
I am warming to CWR. I sold my shares for around 3p making a small profit, by Stop / Loss order just as they plummeted after the share issue RNS. Then they gave me around 80% of my shares back at 1p each, when they were still worth three times that. Today I sold some of them off at nearly 5p to buy into VPHA and then found that CWR had let me have another load of shares at 1p. So, as a result of all this kerfuffle, none of which I understand, I now have more shares that I originally owned, each valued at 67% higher than they were, and standing me at nothing. Sometimes it is wonderful being ignorant!
RNS now showing as due on 25th December and someone is topping up. Has someone sent a note to Santa?