The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
Contemplative moods then?
I have this idyllic image of industrialists making money,building houses for their workers to live in,widows being looked after after the men have passed but in the real world it rarely happened. Society has always been selfish but optimism and positivity generally pays rewards,dividends if you like, but I believe the harder you work the more successful you’ll be. There’s lucky and unlucky people we all meet in our lives and the luckier ones are generally the ones who’ve taken risks,stood by their convictions and looked forwards rather than focusing on those around them.
With a strong social conscience and the focus on working to achieve rather than critiquing those who have done better ,I believe we can all sit comfortably as the years roll on.
That’s my philosophy as a self made business starter and finisher and now f/t tree/hobby farmer/parental carer etc etc and my only apology is to be too serious lol. Roll with the punches and I really miss chatting with Wassatt when contemplating who I reckon was a lovely guy and I can only honour his memory by chatting to his Co-mates here and being happy and positive as much as I can. New year,new opportunities….GLA
Happy New Year all, good luck with all the shares and trading next year…£££££££
Certainly some volume recently considering the small float. Happy New Year Riddler,Easyp and all the plexus gang.
Hi AA, good to see you’re still about mate. Happy New Year to you and all the tecas.
Fair enough, we’ve been waiting a good while for the turnaround, never looked better from here going forwards.
If the nav is X3,we’re pricing in recovery on a massive discount to nav but the market isn’t pricing in ‘growth’…..or have I missed something?
We all read rns’s etc from time to time on all sorts of companies I’m sure and the ubiquitous and varied opinions on company updates and there’s plenty of examples where there are companies trading as in SP way above anything tangible or real whereas here we’ve got a company producing a couple of million in revenue that we know about,plus the IP which is real and the on-going revenues rather than just one-offs…thoughts?
I must admit I don’t really pay that much attention to the nav as I would with investment trusts which I hold because I guess I view this as more of a recovery/growth share….particularly after all the good news leading up to Christmas and correct me if I’ve missed the point here but quite often the nett asset value is backward looking as in the accounts rather than valuing the company forward looking on new orders, rising revenues(x4!) and return to profitability….the potential if your like being far more than valuing on what went through the till so to speak the last time they reported?
Having said that if the accounts show 5 mill in cash which is included in the nav then the ‘nett nav’ is c.24 million over a market cap of 10 mill or 5 mill if take out the cash so whichever way you look at it,it’s way undervalued against the current SP because you’ve got actual numbers and potential numbers which are surely going to be somewhat higher on the recent new order for instance?
Thanks Zac, I’ll look into that avenue. I must admit I’m a diversity income seeker and the last few years I’ve developed a bit of a dividend obsession. Hold a few bonds and all sorts of things really and open to different investment ideas barring cryptos and anything else that generally turn out to be ponzies lol.
My other obsession is recovery as growth but that’s a bit hit and miss but we all have our favourites!
I see where you’re coming from with the concept of capital growth and dare I say capital preservation rather just chasing divs which is where some of the property REITS fit into the big mix.
I’ve had EAT in the past but not recently.
We’ve only got a few hens but confined to a small enclosed outer pen during the day since last month just in case of anything nasty…..hen lockdown restrictions in sympathy with ours!
It would make a change from dealing in fresh eggs and logs!! Another day without shares I see,quite tedious really!
Hi nom, not to my palate mate! Used to come across it on riverbanks when hempseed for fishing got accidentally planted.
It would certainly cut down the transportation costs for product to IMB lol
Yanks still rising,we need to catch up!
Good work bud, you don’t want him and his family as guests! Tea eh, don’t think we’ve got enough heat for coffee….mind you with the price of fags these days we should try growing our own baccy!
Crikey, another day without shares to keep our interest in life up there…..not open till Wednesday aaarghhh. Hope you’re all okay tecas?
Been busy sorting out another wildlife ‘assisted’ cover and note we don’t have the covid restrictions of the other members…I guess the economics play a part in there!
At least we’re hopefully still not contributing towards our cross-channel friends and their ambitions ….(who hate our guts) as much nowadays lol.
How did it go with the rat issue Troj?
Mick,good time to clear those brambles with dieback.
Hope everyone has taken advantage of all that cheap veg in the supermarkets…no excuses not to buy sprouts at 19p a bag lol.
Low volumes can skew the prices and spreads this time of year,sometimes opportunities lurking.
Just done a couple of trades in funds but not much else unless by some miracle my direct line or costain etc etc gets a takeover approach in the next hour or so lol
I think there’s good potential for the ‘green’ part going forwards on sentiment but what’ll really move the SP will be the increased revenues and hopefully return to profit here. Recovery path drawn IMO!!
P.s. just stuck my toe into the JARA ones at a fraction over 90, spread was point 4 of a penny and nav 5p higher plus like here no stamp duty lured me in!!
Asked about this one when speaking to the broker and the spread a bit wider but I guess to be expected with low volumes,Christmas Eve and all that!
Hi ade, you’re up early!
Thanks for your thoughts on those.
MYI quite a tight range on SP but I’ve always been put off by that big dip a few years ago,totally subjective view.
The SOI and AAIF ones I’ve held in the past but view as a bit of a duplication of what we have here with a lower yield but I’ve got them on the watchlist.
JARA interests me because it’s very diversified geographically,mix of transport,real estate and infrastructure,not been around long,tight spread, quarterly divs. My only two hesitations are real estate generally quite toppy and the yield itself seems a bit ‘targeted’ but other than that I’m probably going to buy a few if I see them late eighties.
As fellow ‘fundies’ just wondered what your thoughts are on a couple of others and apologies in advance for o/t but I think I’ve exhausted my thoughts on this one….for now!!
Have been adding JUP,JCGI recently,thinking of adding to ALAI on SP weakness,wondering if ASEI is toppy as holding a decent profit currently but holding as div late fives still and I like the constituent largest holdings.
Also looking at JARA as a new one but on the fence.
Looks very interesting mate and still on my list, been too busy adding to these and costain in the non-div fund…..been quite a volatile time of late and the watchlists just get longer!!