The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
Good to see some more interest over the last few days and strong buy now back on technical.
December financials will be interesting with us hopefully seeing good progress on the January intake.
I see Malvern have updated some of tge website now and are showing the new sales team. Hopefullt we all start seeing some rewards.
https://www.malverninternational.com/sales-team/
Certainly overdue an update, even the last news update on the website is from 2020. I base my investment on numbers and potential, at the moment none of us know the uptake in September or the current interest/numbers for January classes.
This board shows the same flaws as todays culture; nobody takes responsibility for their own actions. If Fatalcharm or Starchild came round your office or home and pressed the buy then you have every right to give them ****. If like me, you dreamed of a large profit on Bahamas and bought, then its our own fault. Who in their right mind would buy or sell due to a share chat! Challenger is a small company so to say that nobody will be reading what is being said about them is completely wrong. Sadly, using the dreadful term 'back to basics' we need to actually think what this share chat is for. Is it only for letting of steam and abusing people. Is it for blaming everyone else or is it for discussing positive (and negative) options for the company to move on. I like many on here are 90% down, how do we move on??
I think that everything that needs to be said and suggested to the BOD has been. The ball is firmly in their court for the next move.
I think SC's contribution to this board has been second to none, putting good suggestions (and humour) out there for us all to ponder and discuss. I can count on one hand the number of people that actually suggest ideas for CEG to improve, out with sacking the board and just giving up.
The main positive for CEG at the moment will be the technical analysis that it will be sitting on, both from Bahamas and Saffron. It was obvious to me that Bahamas Petroleum changed it's name to Challenger Energy due to feedback during the last farm-in discussions. Medium to large Oil companies survive on PR and the publics perception could easily be swayed by the press with the thoughts of drilling on a Bahamas beach. At $80 and going higher to $100+ for the fuel price I think if we don't hear good news regarding a farm-in in the next six months, then we never will. Companies are desperate to cash in on this oil price, especially with Saffron looking as a reasonably easy cash builder.
We know (or should know) the high risk elements in any oil discovery (even the big boys get it wrong more often than you think!), but that leads to the high swings as news comes and goes.
As SC always says, DYOR (so I can never understand why he gets such a hard time!)
With the UK’s “red list” of destinations being slashed to nine from 54, its another positive step for students for the Jan 2022 entry. Hopefully the new international 'sales team' can start to get the message across. Would be good to see the Malvern website refreshed with the latest news and also an RNS ubdate with the Sept/Oct update of intake both online and in person.
I think this move backs up what some of us have said for a long time, its going to be a good medium to long term investment and Richard Mace, CEO and his board are backing up the half yearly report. They have set their expectations, and I for one are very happy with the figures they are quoting.
The message that is being put across is that they have a strong demand for the product. Once foreign travel is sorted this will fly. Finances are still not brilliant, but are heading in the right direction. I certainly wll be sticking with this and investing when at this low price. Company still looks solid and my calculations don't see it running out of cash by Christmas, but DYOR.
Hopefully get an update in the next couple of weeks on how successful the summer camps have been (look like they finish on the 23rd August) and uptake on September and January courses.
We have been hovering over the same price for a few months and would be good to see if the COVID recovery will make a change to Malverns figures.
Both sides can argue away about the potential, but as we see from the low level of trading, nobody is interested until we actually get good production. Too many people have been bitten by promises from this bod and I for one will not be putting any further money into here until I see a good production base.
I have a 84% loss on paper, but will not be selling: unless you are desperate for the money you are mad to sell. Its an oil company after all, anything can happen!
Has been the exact same large buys over the last few days, just people making a short term profit. Good to see the interest getting back up closer to the 19th July.
As I have said previously, this is one of the few shares that has still not seen a good jump up with COVID restrictions lifting. Hopefully summer school goes ahead with good numbers.
Sajid Javid the new Health Secretary certainly appears to be very keen on getting a return to some form of normality on the 19th July. Looking forward to this having a positive effect on Malvern and subsequent share price.
To be fair it's great they are keeping us informed, long way to go though to build up some trust between shareholders and bod again.
Stupid fact for you all, the target depth is approximately the total length of all 13 Euro 2020 football pitches!
Agree, financially, results not unexpected, but good to see that the board have not put their head in the sand and have been proactively doing something about it. UEL looks like it is going to be a positive partnership with numbers doubling on previous year.
I think the establishment of a Chinese sales team will be a real positive for the company and hopefully when we soon get back to some travel normality we see a large increase in price.
At least they have the online learning still in the background and available.
Certainly sticking with this as a very good medium to long term investment.