The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
Follow the money indeed: Construction “should and will be” a big beneficiary of the stimulus governments are considering to restart their economies, CRH chief executive Albert Manifold told Reuters, predicting a reversal to years of underinvestment in infrastructure
Info on major shareholders
https://www.sigplc.com/investors/information-for-shareholders/information-on-major-shareholders
What interests me is that IKO Enterprises have increased their stake from 6.85% at the end of 2019 to 14.77% on March 12, 2020 (from 13.7%). I wonder what they have in mind given the crushed share price? Seems a good fit for SIG? Trading update RNS on 26/3/20 that "FY 2019 Results - The audit of the results for the year ended 31 December 2019 is ongoing and it is anticipated that underlying profit before tax for the year will be in line with the guidance of c.£42 million1 provided on 9 January 2020 and 25 February 2020. The Full Year 2019 Results will be announced during the week commencing 27 April 2020."
IKO based in Canada, "Today, more than 60 years after its founding, IKO has grown to be among the world’s largest exporters of asphalt shingles.IKO is now a worldwide enterprise with more than 3,500 employees and more than 25 manufacturing plants in Canada, the United States, England, Belgium, Holland, France and Slovakia. The company ships roofing products to 96 countries around the globe."
Edison: The Lancaster EPS development is forecast to generate a point-forward IRR of c 40% based on our US$70/bbl long-term Brent commodity price assumption. Might be a tad optimistic, forecast is for $40 in 2021
Hurricane has $164m in cash at hand, a welcome buffer, but the firm may well need further funding to invest fully in its assets and ultimately maximise their potential value. That could mean shareholders being tapped for cash and the dilution this would cause is the enemy of the investor.
Hurricane could also find itself in a long queue there, with cash calls on investors from SSP, WH Smith, Carnival, Asos and MJ Gleeson likely to be just the start as firms seek to build up cash buffers with which to weather the Covid-19 crisis.
There is the chance that a predator swoops, in search of cheap assets, but this is a speculative punt that has gone wrong and it is time to move on.
Questor says: sell
Ticker: HUR
No imminent new Chairman for Metro Bank as FCA investigation drags on -but predators continue to circle - including the recent Times and Telegraph pieces. https://contrarianinvestor.net/posts/2020/1/23/no-imminent-new-chairman-for-metro-bank-as-fca-investigation-drags-on
£38 in September 2018, £14.53 now. What next for FEVR? https://contrarianinvestor.net/posts/2020/1/21/fever-tree-shares-drop-27-percent-as-weak-2019-sales-disappoint-the-market-what-next
Anglo American bid proves to be a disaster for long term Sirius Minerals investors as 5.5p bid way below SP level in 2018-2019. SP was 22p a year ago and last placing in May 2019 went ahead at 15p. A lesson for early stage mine investors in riskier projects and probably a coup longer term for Anglo at firesale prices. It'll probably go ahead IMHO
https://contrarianinvestor.net/posts/2020/1/8/anglo-american-bid-proves-to-be-a-disaster-for-long-term-sirius-minerals-investors
Nice read in the Telegraph and Glinski up to 6 percent and shorts falling fast from autumn highs. Shares down 2 percent but surely its time for the sp to turn https://contrarianinvestor.net/posts/2019/12/9/metro-bank-update-jaime-gilinski-bacal-now-has-a-61pc-stake-in-metro-bank-and-shorts-down
175p surely the bottom after Odey and Glinski action
https://contrarianinvestor.net/posts/2019/12/4/what-is-going-on-with-the-metro-bank-share-price
With well testing due to start. A big fews days/weeks for UKOG, especially at 1.025p!
Contrarian Investor Portfolio Review November 30, 2019 #ukog #i3e #mtro #ujo #hur
contrarianinvestor.net/posts/2019/11/30/contrarian-investor-portfolio-review-november-30-2019
Quite a bounce yesterday for those buying at the 9-10p lows on thursday pm.
Contrarian Investor Portfolio Review November 30, 2019 #ukog #i3e #mtro #ujo #hur
contrarianinvestor.net/posts/2019/11/30/contrarian-investor-portfolio-review-november-30-2019
Well I am stumped . A billionaire bank investor spends £15 million buying shares in mtro at 208p and the price now is 196p. It is nonsense that he would have bought to lend them. If so he would have kept under declaration leave and used different vehicles to keep under the radar. Really wasn’t expecting today’s SP action and there is some right nonsense on this BB at the mo.
Finally. An hour to buy after the TR1. Amazing!!
https://contrarianinvestor.net/posts/2019/11/26/potential-bidder-finally-breaks-cover-on-metro-bank-as-columbian-tycoon-buys-in