The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
A couple of decent trades late reported.
It's always been hugely reassuring that NZ maintained his shareholding after he stepped down from the BOD (RNS 06/07/18) and that he now has around £6m at stake in Upland (closing price today) adds to that.
Norza Zakaria was one of the three original directors of Upland and is currently the President of the Olympic Council of Malaysia, among other things.
Co-founder of Tune Group, K. Meranun, also buying in.
Agree mcivorv2.0 - great news, and significant.
Norza Zakaria, former director of Upland, increases his holding to 14% of the company, with an investment of £2m.
Would like to see Chapel Down do well. The company has good products and it's all about building the brand now and expanding their markets/production.
Could be a real success story.
Good question - thought I'd missed something.
Key Malaysian strategic investor has increased their position through the placing, so we could see a TR1 as a result.
Upland MCap (£42.19m) on London Stock Exchange website reflects post placing number of shares in issue.
Upland's goal is "to become the leading onshore exploration and production company in Sarawak".
As things stand, this goal can only be achieved with the PSC/Licence award for SK334 in the first instance.
Step in the right direction today, as surely listing/trading suspension will need to be lifted before placing shares admitted?
Hopefully lifted soon My_username, as there's nothing positive about this suspension.
Anyone know the status of the placing?
Near term could mean days, weeks or months, depending on the situation.
The RNS states that the auditors have requested additional time, that there are no material audit issues, and that the auditors have informed the company that the audit will be completed in the near term.
Volume up yesterday and today.
Thanks both - wondered if I'd missed something.
CWR 30% up since last week - any thoughts on what's driving this?
Things have been back to front here for a while, but knowing the names of the drill team before PSC/Licence awarded takes the biscuit!
Placing discounted at 3.3p to make it attractive/worthwhile for those putting up the money. Management were buying around 4p in January.
It's a case of toughing this out if you're holding - painful day on paper though!