The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
Yes JB10. And the time scales they've decided on!
Morning TF1. Just read your post but at first only got as far as "the Big Kahuna had landed" which got me all excited and so I went straight to the RNS, What the devil's he talking about , I thought , this is just more swill in the trough for those more equal than the rest of us. So then I read the rest of your post. LOL indeed. Looking for positives-I doubt I'll have to worry about IHT for a good while yet!!
Good morning TF1,why do you say "the next two days"? Are you expecting something significant to happen today or tomorrow?
Hello TF1. You're right in what you say about the good points in the Results but we desperately need our big hitters to come up with a good score. We need the MRE from SFR to provide us with a figure to add to the balance sheet and improve the NAV which is lagging well behind the SP now. Several of the smaller investments are in profit and show great potential but we need good results from Cobre and KML to get things moving. We can't live off the SFR/MOD deal for ever.
A better day than I expected. It would be good to be at this sort of price (at least!) when Sandfire release the MRE.
but is Covid going to pull the rug away again? Bl**dy virus!
Yes I hold a few THR as well. Funny, I'd more or less written them off and then out of the blue they get their very own monster news. Life's full of surprises!
Too few trades is the answer, TF1. Current LTHs won't sell at these prices but new investors won't come aboard either because they're still waiting for solid evidence ,as opposed to an expectation-however reasonable-that the assets are worth more than is priced in already. 16 trades today-might as well be none. The figures we're waiting for from SFR need to be good and/or we need "monster news" from Cobre/KML to attract new blood. MTR is still dragging the millstone of its past around, I fear.
Good morning all. "Moving forward"-there's a novel idea. Down 4% on very little trade. Where's the monster news when you need it?
I also sold GGP when it was peanuts. I have no idea how much I've lost out on-and I'm not going to look! I'd only end up crying.
Hello TF1. Yes, it seems the only thing that moves us up is an IC article! Once that's worked its magic we drift down again-MTR certainly doesn't like "calm". But never mind, it can't be long before we get some really good news from SFR which will hopefully get the SP moving. And at least at these levels I'm in profit, albeit quite modest bearing in mind I first invested well over 4 years ago.
What's our stake in LCL? Have we got the same number of shares as we have warrants?
They must have taken them up in the last few weeks because there was a discussion on here a week or 3 back about whether MTR held any shares in GGP, and I'm sure I checked the website and found the warrants listed then.
Can somebody please cut through the hype and give a realistic appraisal of these results. Thr's SP finished only 10% up on the ASX, suggesting there's not much excitement down there. 1P is still a long way off here and my break even is even further away. I'm still sceptical about the actual value of these rese results and even more sceptical about whether the SP is going to do anything spectacular in my lifetime(I'm into my 3 score years and 10s))
I don't think so.
650,000 "sold" at 26.0673p at 8.44 this morning? Really?
Just got back from walking the dog and see we're down! What happened to the excitement?
Looks like people are beginning to cotton on to us now-good early volume, so price should move up shortly.
There was a lot of info in the announcement made by Cobre on 24th August. Isn't that Cobre's justification for the deal? It seems there's a fair amount of work still to be done before everything is finalised for putting to shareholders and 2 weeks looks to me to be a bit tight to get all of that done and come up with new "monster news". But I'm certainly no expert in these things so I'll bow to your greater knowledge. Whatever happens or doesn't happen in the next 2 weeks this deal looks to me to be a good one for all concerned and must eventually be positive for our SP and CBE's. I think 2020 could finish with a bang for us! £1.31-why not??
Well, I'm sure there will be "monster news" at some point from the MTR/CBE/KML deal-but " in a fortnight "?? Let's hope you're right, but in the meantime we've got the SFR maiden resource estimate announcement to look forward to in the next few weeks and I'm sure that will give the SP a kick up the backside. If your "monster news" arrives in the remaining weeks/months of 2020 to keep the pot boiling that will do for me.