The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
The joys of AIM share placings raises its ugly head at Union Jack Oil - Greed isn’t good!
https://contrarianinvestor.net/posts/2019/11/18/the-joys-of-aim-share-placings-raises-its-ugly-head-at-union-jack-oil
Such a shame that SP is stuck at 1-1.1p with HH-2Z drilled and ready to go into EWT. Has to be value. https://contrarianinvestor.net/posts/2019/11/13/contrarian-investor-portfolio-review-november-14-2019
Sentiment in AIM oil and gas is rock bottom as shown by UJO post the Wressle and West Newton news, which were both excellent. Shame mr CO was selling but I took advantage of the monday spike. Still a believer though in UJO and looks like a good time to buy back very soon as CO stops his sales. https://contrarianinvestor.net/posts/2019/11/13/contrarian-investor-portfolio-review-november-14-2019
Well the spike has evaporated and we are back to square one, pre Lloy and VMUK rumours, Still believe that 210-220 p is a great price, even with 10 percent shorts. https://contrarianinvestor.net/posts/2019/11/13/contrarian-investor-portfolio-review-november-14-2019
Shorters - interesting articles for further reading https://contrarianinvestor.net/posts/2019/11/13/shorters-interesting-articles-for-further-reading
Shorting shares and do they ever get it wrong? Ocado, Metro Bank as case studies. https://contrarianinvestor.net/posts/2019/11/10/shorting-shares-and-do-they-ever-get-it-wrong
The rumour mill is active, those selling today may regret it come Monday. We'll see if the rumours are true. No smoke without fire - why are the bonds recovering strongly? Why the big move in the share price , why the big move on tuesday 230-280p in auction? Why no director buys in the open period? I have been trading heavily but buying at the close today at 229p as well as in 234-250p range. MTRO is cheap. Fact. Ignore the gloomsters and doomsters.
Nice try. We are seeing a "sea of red" because our hedge fund friends are trying to keep 240-250p. The hedgies want stock and potential acquirers don't want a massive premium. They don't want the price at £3 if they are offering £3.50, if held at £2.40 then it looks like a generous deal. Do you reckon all these rumours are all rubbish.... The floor is clear at around 240p.
Quite a week for the Contrarian Investor portfolio driven by #UJO #MTRO and #RBD . West Newton looks very food and RBD too cheap at 0.95p https://contrarianinvestor.net/posts/2019/11/7/contrarian-investor-portfolio-review-november-7-2019
Quite a week for the Contrarian Investor portfolio driven by #UJO #MTRO and #RBD Excellent to see progress at Wressle inquiry with Egdon Resources and all BMD West Newton rumours https://contrarianinvestor.net/posts/2019/11/7/contrarian-investor-portfolio-review-november-7-2019
Quite a week for the Contrarian Investor portfolio driven by #UJO #MTRO and #RBD . Still very confident on #MTRO rumours as no smoke without fire. . https://contrarianinvestor.net/posts/2019/11/7/contrarian-investor-portfolio-review-november-7-2019
Text of General Principles
The following are the General Principles of the City Code (references to “offeree company” mean the target company):
1. All holders of the securities of an offeree company of the same class must be afforded equivalent treatment; moreover, if a person acquires control of a company, the other holders of securities must be protected.
2. The holders of the securities of an offeree company must have sufficient time and information
to enable them to reach a properly informed decision on the bid; where it advises the holders of securities, the board of the offeree company must give its views on the effects of implementation of the bid on employment, conditions of employment and the locations of the company’s places of business.
3. The board of an offeree company must act in the interests of the company as a whole and must not deny the holders of securities the opportunity to decide on the merits of the bid.
4. False markets must not be created in the securities of the offeree company, of the offeror company or of any other company concerned by the bid in such a way that the rise or fall of the prices of the securities becomes artificial and the normal functioning of the markets is distorted.
5. An offeror must announce a bid only after ensuring that he/she can fulfil in full any cash consideration, if such is offered, and after taking all reasonable measures to secure the implementation of any other type of consideration.
6. An offeree company must not be hindered in the conduct of its affairs for longer than is reasonable by a bid for its securities.
Funny how all the technical traders come out of the woodwork saying its going to 240p. This is a new Last driven share on potential takeover not relevant to look at technicals. An RNs could come at any time ....who bought all those shares in yesterday’s 1.45pm auction at 275p!!