The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
Achilles. I am starting to believe it may be Kerogen downsizing or exiting. Given they are specialist in energy I suspect they will have a whole raft of more exciting propositions in the current energy situation than you or I and maybe a 2000 boepd company with an mcap of under £20m isn’t as interesting to them as it is to us. I’m committed here and keeping the faith here until something tangible that says otherwise. It would certainly be nice if whoever is causing this would do one, but I’m relatively confident it is not normal market forces.
The other thing I wanted to point out is that the unusually high proportion of very round volume trades continues suggesting to me that the large sell is continuing.
Some small signs of hope today which is disappointing as I was hoping for a strong start. The real spread here is minute through trading which makes it very difficult to decipher between buys and sells. All 4 purchases I have made over last week have shown as sells. I thought on Friday that the big late purchase was a buy but I'm now thinking that one of our two biggest iis are clearing out. Hoping they are desperate for the cash rather than know something we don't. Entirely possible that they have an urgent opportunity somewhere else given they are both energy specialists. Read results again today and can't see anything obvious missed so I'm keeping faith.
Is looking more like a big seller rather than buyer now. Drop again spooked me so only topped up £1k this morning. Hoping not good money after bad…
Wow… pushing 76p
Hoping its not too fast a start as I’d pick up a few more below 18p but need to offload something to fund but yeah it’s gonna be interesting.
Any thoughts on SP tomorrow? Terrible timing for the IPO but surely bitcoin stabilising and recovering some ground over the weekend will have some bearing?
Can someone call Enrico P and tell him he’s back on stage…?
This trade potentially backs up conspiracy theories about the very unusual pattern of trading this week. Thats 10% of the company and in my view a very good deal for someone assuming its a buy. Given the II holdings here that trade is over 20% of the free float…
If someone offered you 10% of a company with a solid growing revenue over £30m and an exciting diversification plan into a proven green energy at exactly the right time and backed by partnerships with big players for £2m you’d bite their arm off. Ok some work to be done on the balance sheet but thats the only fly in the ointment.
Exciting stuff…
https://www.fool.com/investing/2021/09/24/coronavirus-cases-are-declining-why-thats-good-new/
Not about Cineworld/Regal, but obvious synergies....
At least today had some semblence of normality - Hopefully settle down next week and will start to build in a sustainable way as potential here starts to sink in.
Have a good weekend.
https://www.renewableenergymagazine.com/geothermal/ceraphi-energy-and-igas-launch-joint-uk-20210924
Nothing groundbreaking here, but may be of interest.
Very odd... Jump hit a few limit buys/sells or some late reports?
Agreed. The debt covenant is there for a reason and Cineplex were fudging it. Cineplex seem to think the pandemic clause is a get out of jail card, but for me they are secondary small print terms to avoid companies releasing themselves from contracts based on spurious non material factors. Would be a very dangerous precedent to say that Cineplex met the debt covenant.
Small top up again today @ 15.6175 - third time my buy is showing as a sell. The rounded 30 day graph on my broker site is a giving me the middle finger...
Fordy - Not sure where you are reading from as I've been watching a fair bit of the case and have seen very little credible evidence from Cineplex. Great rise today. Hope we hold onto it and have sad goodbye to the 6o's.
Not just investor sentiment, movie production outlook on the cinema vs streaming dilemma and, potentially as we hope the streaming companies’ views on self releasing their own headline product.
https://www.bbc.co.uk/news/world-europe-58650634
Surely all the ducks are lining up here.
I hope I am not missing anything significant though as I was confident we’d hit the bottom at 20p.
Been there Parsnip. Easy to get sucked in to the hypeflation. As you can see from my posts I bought in at 21.8 and 17.5 so am well down. Hoping that the big spike attracted too many short termers that will be shook off soon as I believe it has been oversold and is a great value at current price.
Wow... EV to revenue is now approaching 1:1 here which seems crazy low to me in conjunction with a company diversifying into a green energy source. I undestand there will be some concern about the asset write downs, but even allowing for that there seems to be an awful lot more upside than down. Maybe a quiet day will do no harm in the longer term?