The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
Hold my hands up , i did think there was more in the bank other than the 142k as I thought we would of got a lot more on the sale of Ukraine assets , but we basically have no expenditure or bills , that’s why aeg needed a little tick over money , mind you that’s probably why mr spinks put his own money in late last year as they only raised enough to get by , but Ukraine was worse than expected so was a touch short , I’m going nowhere been here since 2015 and still waiting for us to rocket , it’ll be tomorrow I think or Monday ......
I wrote a long reply explaining about clns on computer and wouldn’t let me post so here’s the short version , interest on clns is not paid until the notes are sold along with the interest earned that’s also converted into shares . Nice to see you still around grsshaw and correct me if I’m wrong too , sorry I can’t post links on how they work yet
I think we all need to calm down , it’s good to have different opinions and questions/ answers, it keeps us grounded when we too optimistic , there’s is no problem with funds as we have no debt , no bills and no Ukraine to look after , if we need more funds we just need to see our backers , Richard and co know what they’re doing and it’s probably best to ignore the share price for a week or 2 . Also the results was 2 weeks early and they never have done that before so something’s afoot .
The Group's policy is to ensure that it will always have sufficient cash to allow it to meet its liabilities when they become due. The Group finances its operations through a mix of equity and borrowings. The Group's objective is to provide funding for future growth. The Group's policies aim to ensure sufficient liquidity is available to meet foreseeable needs through the preparation of short and long term forecasts. Further disclosure of the Directors' consideration of going concern is included in note 1.
We raised Over 15 mill and our loss was over 14mill but 7.2 of this was a write off for Ukraine , was this the value of the operation meaning it was just an accounting loss and not a loss of actual physical money , so we should still have another 7 mill in bank , I hope I’m making sense here