The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
I bought these over a few months in three lots ranging from 23p down to 7p, average around 18p. Whatever the shenanigans of the market along the way, I'll lock them away and forget about them for 12 months then see where they are. I've been through a similar roller coaster ride with Shire plc over the last couple of years, but that one worked out OK when Takeda came along. If the underlying dynamics of FUM are strong, and they appear to be so, it will be a positive outcome, but it may take a while.
Hi AuntieFrack Thanks for going to all the trouble. Doesn't change the fact that FoE lied though does it. Are you a member of FoE ?
http://www.ineos.com/businesses/ineos-shale/news/friends-of-the-earth-misleading-over-fracking-claims “We have previously offered to meet with Friends of the Earth, and also Friends of the Earth Scotland, to have a grown-up science based discussion of the issues around shale gas extraction but unsurprisingly neither organisation wishes to engage with us. We will continue, however, to try to make this meeting happen as our energy and manufacturing sectors are too important to allow fake facts to influence the debate." By refusing to sit down with Ineos to discuss fracking issues, it seems FoE prefer to scaremonger the public with lies; they are not therefore acting for the 'public benefit' as defined by the Charities Commission. IMHO.
I would suggest that FoE's activities are not consistent with those of a charity as defined by the Charities Commission. They are a lobbying/campaigning organization with a quasi political agenda, posing as a charity. Their promotion of material to deliberately mislead the public demonstrates that they're not worthy of charity status. FoE's declaration of their activities (below) seem completely at odds with those defined by the Charities Commission and the principle of 'public benefit'. They should be struck off. IMHO https://www.gov.uk/guidance/public-benefit-rules-for-charities "- To be a charity - your charity must have only charitable purposes which must be for the public benefit (‘the public benefit requirement’) - To operate as a charity - as a charity trustee, when running your charity you must carry out your charity’s purposes for the public benefit - To report on a charity’s work - as a charity trustee, you must report each year on how you have carried out your charity’s purposes for the public benefit and confirm that, in doing so, you have had regard to the Charity Commission’s public benefit guidance where relevant." FoE's own declaration of their charitable activities: FRIENDS OF THE EARTH IS COMMITTED TO THE CONSERVATION, PROTECTION AND IMPROVEMENT OF THE ENVIRONMENT. IT PROMOTES SUSTAINABLE DEVELOPMENT FOR THE PUBLIC BENEFIT BY CAMPAIGNING, UNDERTAKING RESEARCH, EDUCATION AND PUBLISHING, AND PROVIDING AN INFORMATION SERVICE ON ENVIRONMENTAL PROBLEMS AND THEIR SOLUTIONS.
Now that Friends of the Earth have been exposed for priniting lies in their publicity materials, perhaps we can look forward to a more balanced debate on the fracking issue. http://www.bbc.co.uk/news/uk-england-lancashire-38499811
Report in Bloomberg today that SL are looking for premises in Frankfurt, the implication being that they plan to move their HQ out of the UK in light of Brexit. Is this true ??
Thanks for that Bonz. I have already elected to take the cash.
I'm a bit bemused too. I had 1276 reduced to 1044 shares at closing price 468.5p (they went up 12.5p today) total value £4891. So at the start of today I had 1276 x 456p total value £5818. So, where did the £927 go ??
Bought these about 5 years ago at 167p on the recommendation of the Telegraph as a solid British Engineering firm, now total worth about £90. Ouch !! I'm now a bit further along the learning curve and a tad more cynical when it comes to share tips from the press.