The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
Not the greatest news but I take as positives; 1. The BOD is acting with diligence and careful husbandry of G’s cash. The purchase of the GLA’s by Hayward’s mob was a colossal miscalculation. 2. A clear intention to make a new agreement with KRG shouldering substantial cost. 3. Gas development under the new agreement to be funded by oil from Bina as originally envisaged by Dr Higgs.
Next up B Bawi extension news. Seems inevitable but may nevertheless disappoint some punters. Then the AGM 16/5 likely to provide optimistic forecasts to lift the mood. Meanwhile G remains stuck in Boyo’s chart lines. Carry On Up The Kurdistan continues until B Bawi agreement, Miran white knight investor, Taq Tank performance miracle, Peshkabir growth, Tawke re-vitalisation, Morocco monster off-shore and Somaliland scratch the surface gusher. Anyway what’s 80k shares compared to the importance of Bluebirds last roll of the dice against The Cottagers today. JL I’ve a small wager on score 2-1 to us.
Straits of Hormuz is the southern passage from Iraq via Sahatt Alarab—Persian Gulf. I don’t see how this would affect G’s exports which go north to Turkey via pipeline. Also going south, The Bluebirds after we wuz robbed again on Saturday and me to Torrebenidormolinos if I sell at £3. They say amateur investors don’t stick to targets, let’s see, I’ve been here too long. Have a good week.
Yes the Miran write-down has given half a billion reasons not to be cheerful and the co. has signalled a further extension of BB talks is likely after April 30th. The KRG wants the gas exploitation to progress whilst G wants to take the oil first for a quick and relatively cheap income stream. The dividend is welcome but conservative investors will no doubt remind themselves they can have 6% pa from RDSB and BP without the constant threat of war, revolution, non-payment and nasty geological surprises (Taq Taq). So we have a dividend and continue to hope for growth in G’s capital value. The sp will reach my fabled £3 target when BB eventually gets drilled and G’s burgeoning war chest is sensibly invested in income producing assets. It’s a bit like waiting for the Bluebirds to go on a winning streak.
Yes the Ireland game looks the Grand Slam decider, assuming no G type disappointment today. I won’t be watching it though, will be exercising my season ticket at Bluebirds v Hammers. A poor week for G but an understandable slump given the wider gloomy market sentiment. Investors looking now for reliable investment returns. Hopefully “risk off” will return before we sink below 2 quid.
After watching another dismal performance from the Bluebirds v Toffees on Tuesday evening I was further depressed on Wednesday morning when G’s sp suddenly slumped to 199. I was thinking of tinkering again with my holding (downwards) but was busy so was delighted to see the about turn by end of day to 209. It seems the Bilgin and Sarta news has reignited market confidence. GKP also climbing in tandem. Mr Market seems to now grudgingly accept that the KRG will cough up millions of greenbacks without fail on time every month. So £3 sp soon? Yes but then I’d miss the friendly banter here. Maybe I’ll hang on for a fiver. Have a good week Guys and G.
Anyone watching the Women’s Six Nations? Only joking. Anyway after watching the Bluebirds get thrashed by the Hornets on Friday we had a mighty uplift yesterday when the Dragons took the wheels off the English chariots and lay waste the invaders. So I’m feeling cheerful enough to forecast another rise for G as FY results approach. Boyobach 202 Stockbuster 211 bunks 212 foodforthought 213 tiger100 214 withoutt 215 Hasiba 218 Rangor 220 Klassic 221 mark888man 222 Broadland 225 PostieRemy 227 ocelot 230 Tartine 236 rockhoper 237
Nice speech Hasiba. Some good news in recent weeks and with full year results to come on 20th March we can hope for more. Investors however still crave a return on capital and at long last we’ve had a hint of it from Dr Bill Higgs in the Malky interview. MGW is not the most testing analyst but I was impressed by Higgs and feel reassured that Mrs Klassic’s savings are safe in G’s burgeoning cash pile. Patience required as always in the wait for the end game, a takeover or merger. I’m still holding 70k shares in G, 75k SAVP (another unstable, war torn cash guzzler), 15k GKP (needs no description for edgy G diehards) and 5k BP (very boring pays 5% divi and won’t go t*ts up).