The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
Was out on the water a few days and missed a lot of the fun, recently. You sold out George? Willing to share your reasoning or just happy to exit without taking the risk across the 12th/19th?
I think you will see A LOT of short term holders coming in over the next couple of weeks looking for a quick trade... It's to be expected with the potential upside of a positive vote outcome. Shouldn't bother long term holders but it'll get choppy on the intraday and calm down end of May, when hopefully the short termers have gone again and we can see some nice, steady, continued growth.
Hang on... 9 days trading! Did I do my maths wrong? Forgot the two days left this week! Wishing the weekend was here!
Good to see you posting - nothing wrong with some balanced, informed posts! Good to see 18p finally broken. The 12th is but 7 trading days away now! Volume back up over 8M today so it looks like we're arriving on the home straight!
There she blows! Guessing all the cheap shares have been hoovered and they're out of volume. Could well see some new buyers jumping in, worried it's starting to move. Looks like it ought to finish a deep shade of blue.
That one wasn't me, F! I've scrolled back to March and can't see the link! I'm sure it was something about a charity golf game?! Re-post and I'll sort!
I'll see what I can do about the next court case. Got a lot on at work at the moment and spending more time on the water now the weather is improving... but I'll try! Maybe I'll block my calendar :D
Person after my own heart - Ok, so donation made... Hopefully I have obfuscated/anonymised my details. If your Google-fu is strong enough, you should be able to find a donation via Just Giving to Dogs Trust under "ISA-Investor-LSE-AMGO-Chat" with the message "for GolfGains" :D
Yeah, but it wasn't you I moaned at ;) However, go on, name a charity on just giving, or wherever I can post a displayed name as my pseudo here, and I'll do it - I am in a charitable mood, since we're all gonna make out like banditos here!
Franky - I'll stick £10 to your chosen charity (think you mentioned one the other day - remind me) as a penance for my overly negative view of the volume situation :D
Like I say, Franky; will be more than happy to be wrong on this one :) It doesn't really cause me sleepless nights, either way, but their buys (especially if there is another TR1 and the share price doesn't move) don't seem to be inspiring wider confidence by total volume over the last few weeks. I'm seeing 4.5M volume today vs. a 3-month average of 19.5M/d. So a 75% drop from the 'excitement' in Feb - Mar. But, like I've said before; happy to trade (excuse the pun) the stability for a couple of pennies at this stage. Nice solid base to work off. Expect some major press and some volatility to return in a few more days as the vote results and 2nd court date become the hot ticket! At least my predicted price 'drift' hasn't appeared and I don't think it will now... Nothing, nothing, nothing, ACTION!
I saw that link posted (Morning Star, was it) with the volume, last week, but if you scroll up to the top of this page, select the charts and look at the volume for the last 3 months... we're nowhere this month and way down on late Feb - early Mar (and in fact later in Mar). So, I am not getting my hopes up for another TR1 at the moment. I'm seeing the same data in the other places I look. Far be it from me to appear to deramp, but I suspect it is being held here as there simply aren't enough transactions either way to give it a nudge. More than happy to be wrong and the last JPM/BB RNSs took me by surprise, albeit it didn't move the price much. Holders are holding and the new buyers, likely waiting on news (or just ahead), haven't arrived yet. But... it will come soon enough! The day traders and those who got bored look to have cleared off. Good things ahead and when it moves, I am sure it will move quickly. GLAH, good things are coming and are only days away now.
Youre not a million miles off my numbers but mine are a little more optimistic. What you'll see from your spreadsheet is how sensitive it is to so many factors. Turnout for past customers is the key here as I suspect they likely believe they have the largest claims. AMGO are getting those people mobilised, I'd be sure of it. If they know who has voted (or not), they know who to 'remind' with some pretty clear benefits to voting 'yes'. The hold below 18p isn't a coincidence... people are holding or waiting on the sidelines for some indication... a whiff of positivity and it blows through 18p... and, for balance, vice versa. Your numbers suggest it's a 50/50-ish (ok, simplistically) and I suspect the market feels not so dissimilar, which is why we're delicately balanced on an 18p knife edge, ready to move quickly! It's just a bit frustrating we didn't blow the previous 19.88p (I think) recent high because that seemed to indicate the market thinking there was a little more potential here, at this time. But I'd trade this week of stability for the volatility we had when we saw a meagre +10% or so from today!
The 20% was in relation to JPM/a client building a position of that size, not a 20% profit for JPM.
No RNS, I reckon there will be some consolidation and cool off after this last run. Looking at the volume, I guess a lot of the buying is IIs. Hopefully trav is right and they're continuing but, if not (or if they have a target of 20%, which may not be far away if you think BB and JPM may be acquiring on behalf of the same person/entity) then I still see it drifting on low volume as LTH hold. Sit back, relax and let those trading days pass by until crunch week.
LOL - could be! It really doesn't like 18p, does it?
So busy today, catching up after vacation... Another good day so far but bounced off 18p hard. Will be an interesting finish and perhaps indicate if we can punch through 18p tomorrow. It's only Monday - plenty of time :D
Been out on the water for a few days, enjoying the fine weather! Looks like we had a good run at the end of the week! Not so many trading days (with a bank holiday thrown in) now before crunch week - everyone seems to be taking their positions! All looking very positive right now! Happy weekend, all!
Yeah, I am seeing some big buys between 12:50 and 13:10 but some big-ish sells coming in now. Some profit takers from the recent 'stall' I suspect, who were a bit 'late' to the party, when the volatility calmed down.
Got excited there... Just the usual, monthly PDMR... Nothing to see here, as far as I can tell.