The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
How does the parsortix science fix the balance sheet?
Sorry no punchline just highlighting reality. Equally he can’t raise below 10p so is there one more card up the sleeve to get SP up and soften dilutive impact?
All I see is good prospects like ARM going abroad and crappy token gesture stuff like CAB getting London listed.
It was a joke that London floated that at a billion. The revenue on the biz was about a million but is a wafer thin payment/fx biz!!!
I saw a documentary (Inside story) from the 1970’s about the LSE and the guy said “600 million had been raised through the exchange in last 6 months.
That was a 1970’s 600 million.
How much has been raised in last 6 months of 2024 almost half a century later?
My amateur opinion. Things not THAT bad!
After wiping a lot of egg off my face and digesting the facts I would rather accumulate than sell. Started adding 39 and willing to avg 5 p increments down.
Could go bust (v unlikely) or could unwind spectacularly when rates come into play which should co-incide with general mkt sentiment (probable).
Need exposure to these things in case Uk market ever recovers!
Bid rejected X3 higher too…
I’m not panicking captain!
I should add that only really think risky stocks are worth betting on so I analyse lightly. More interested in volatility
I “invest” in positive cash flow blue chips, property and inv trusts.
This sort of thing just a gambling hobby for me so anybody reading should not take my opinion seriously…
Pompal I tend to take a much simpler view that even if they literally set fire to all the cash and threw Petrol on it the part of the business that does 2 thirds of the revenue must be worth more to them than 30 mill mcap.
That’s if they set fire to the cash!
I like to keep it simple, over analysis is paralysis.
Logically it’s absurd to expect a placing down here
Eg” we’re selling 20-30% of the whole business at 7 million gbp so that we will be around to receive 15 million usd.”
I would like to think they will avoid a placing down here at all costs. It it involves them taking equity over fees or making some directors loans to cover any crunch period it would be much more appropriate and fair than them tapping the market for convenience.
However I can’t rule out a placing when the price is behaving this way. Hopefully just the market misbehaving???
They could pay a “special dividend”
Loss making co’s frequently return cash this way (doesn’t matter about losses)
But the thing is they won’t pay a div because 15 million over 3 years is already a fairly limited exploration budget.
CB needs to come out with some firm facts on funds and drill dates.
The market won’t rule out a placing where Birds concerned (did one recently at Bzt that pretty much killed hope for anyone that held for years)
Until it’s there in black n white writing that’s he’s drilling without diluting again mkt won’t rule out placing.
An obvious buy for me on the pullback as it takes a breather.
Mcap almost fully supported by cash position after selling the part of biz that did about a third of its revenue.
If that’s worth 37.5-42.5 million then what’s the bigger part worth.
Market giving it 30 million mcap??? Nah I’m a buyer at 12.25 and any 1p and increments lower. Cash catalysts are usually worth it