The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
I dipped a toe in to test it and got burnt :)
That's why I'm struggling to understand why the current price isn't nearer £6.
I believe drug dealers already operate that model, allegedly :)
Royal Mail/Post Office already has the systems & structures in place all over the country, they just need to offer faster services.
Price still seems to be drifting down - is it now mostly affected by the $ exchange rate?
I hadn't thought of it that way, but placing at a premium to NAV is a good thing.
https://www.hl.co.uk/news/articles/Tritax-research-update-September-2021
Is there a solely cash option?
All I can see is 2 cash + Norton shares options.
$7.61 cash + 0.0302 Norton
or $2.37 cash + 0.1937 Norton
https://investors.avast.com/media/1438/rule-27-announcement-final.pdf
Another 54k sold
GAN looks like a sitting duck just now.
The question is whether it's worth over £5billion.
This might be reason for drop today, ASOS mentioned.
https://www.theguardian.com/politics/2021/sep/20/fresh-calls-for-windfall-tax-on-companies-that-prospered-during-covid
89k shares sold by Elizabeth Hill - maybe that's what was dragging it down.
Ah! - I hadn't noticed that - is it a new feature?
I also noticed they cut the number of trades they show. On low volume shares they used to show a page including previous days' trades. Now they're just showing today.
Looking at the rise here today & noticed it's not showing on the LSE riser list.
Looks like more problems with LSE, I'm seeing ASOS as top riser at 6.43% which is clearly wrong.
I've noticed zero trades on other shares too in the last few days, I hadn't seen them before that.
I'm wondering if it's an LSE glitch. Seemed to coincide with the RNS failure.
Doesn't that depend on how the Norton share price goes?
This must be one of the biggest risks. Conviction from historic cases could wipe out the value of some of the holdings.
An update today:
I have looked into the stamp duty charge on your purchase of Sportech shares on 6 August 2021.
When stock is moved to the AIM market, it's not automatically exempt from Stamp Duty Reserve Tax. The company needs to apply for the exemption through the registrar.
As this stock became exempt from Stamp Duty on 24 August 2021, your trade would still have been subjected to the Stamp Duty tax.