The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
I did at the same price :(
Rush of blood at 4.25pm one day earlier in the week. Grrrr.
Thanks leas & exon. Anyone else not received? I purchased on 2-Feb so 2 weeks before XD.
Hi...I've still not received my Special Div, was supposed to paid 26th Feb. I'm on ii platform. I see phy510 is in the same boat. Anyone know what's going on? Has anyone received one?
Just a quick comment on Panmure's 5p prediction. Panmure were the guys trying to flog the stock. Quite why in this day and age of mega-regulation they're allowed to issue research notes like this without "we have a vested interest" emblazoned across the top is beyond me. Clear conflict of interest in my view.
Damn right the Green Deal is a "problem" - and not only for VPhase. It's so ill-conceived that only 4 households have signed up!! 4 households!! It has myriad faults, but the worst is that it creates a burden that is tied to the property rather than the owner. In other words, it makes it harder to sell the property. It's a scheme so thoughtlessly constructed that even all the chancers and shysters who usually jump on these things and find a way to make a quick buck have shied away!
Love the way "sw a n ky" got asterisked out in my post just now! Best laugh I've had off anything to do with AIM in years ;)
Sterling work from Oxo but I think if you invest in AIM companies then this is going to happen more often than not. That's why I think the removal of Inheritance Tax and other incentives to invest in AIM provided by the govt is grossly irresponsible. It's little better than gambling on the horses in my view, and a lot less fun. I first invested in VPhase when the shares were about 8p, maybe 6 or 7 years ago. I stuck a few grand more into them when they were 0.8p and on a slightly positive upturn a couple of years back. I gambled that the govt would support them through its ludicrous "green energy" policies and that they'd win contracts to fit their product in social housing developments. However, for all the positive bluster in the annual report, I remember around the time I bought there was one sentence buried in the small print, which said something along the lines of "all of the above is based on the assumption that we can seal deals and our sales projections remain on track". This was more revealing than the rest of the report put together, and when I bought, I asked myself the question "Can I afford to lose this money, because I probably will". As things have turned out, the govt support has been woeful and the business has been poorly run, for reasons summarised beautifully by Ticomix a week or so ago - the product is far too expensive and the company hasn't controlled costs sufficiently e.g. s****y offices etc. Incidentally I've now invested in 3 AIM companies and lost the lot on all of them - NViro CleanTech, Irvine Energy (this one actually doubled in value at one point but I failed to take profits) and now VPhase - about 15 grand in total, while simultaneously reaping great capital and dividend returns from investment in blue chips. It's not like I didn't do my research either, so it seems like a mug's game to me that I'll be avoiding in future. Ultimately though, I can't help but think of Warren Buffett's great quote here - "Only invest in a business that could be run by an idiot, because one day it will be".