The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
@c2456g- market seems to have a completely different understanding than you!
Furthermore, you are WRONG again. Did I state AGAIN? Oh, yes I did state AGAIN, as well as WRONG! I’m talking about that cash raise you’ve been harping on about in relation to refinancing which many tried with patience to explain to you that refinancing is not the same as a cash raise….yeah, yeah, yeah but ….lets read more WRONG nonsense from you AGAIN!
Hi,
Is anybody willing to stick their necks out and confirm that the 2x rns’s released today is the reason for the gain in the sp?
C24 - you seem to be very keen to inflict your wisdom upon us. Can you help or is the rise in sp just a random fluctuation?
L
I disagree that your question “how I know” was a mere enquiry. In the context of what was said it was in fact a rhetorical challenge with the sole purpose designed to ridicule and inflict your wisdom (not ) on the members of this forum.
Nevertheless, I concede that you were right I didn’t know. I simply based my assertion on the movement of the sp and the assumption that mm’s have no incentive to want to mislead anyone especially during after hours trading. I also had an intuition that the quarterly report was delivered with a design to shake off the weaker fruit to permit “boot filling” by those in the know of the inner workings off AML. I’m not claiming to be in the know. Expect more notifications of shareholding increases by the big players here!
I fail to see any connection with the relative time we may have spent on this forum and the intuitive ability to understand what is happening.
It took less than 24 hours after my post for directors to start declaring purchases and thereafter for a notification that SPIF had increased their holding. As yet I still await a gracious acknowledgment from you that you were WRONG!
You also stated that those who were purchasing at 180 something pence would soon get bored and sell off. I don’t KNOW but the said notifications seem to suggest that you were again WRONG! Likewise the SP today seems to suggest that those purchasers at 180 something haven’t yet got bored.
I do fully appreciate that you disagree with my view that the net result of a dilution that pays off liabilities costing as much as 12 per cent or above of the total debt which in itself represents 60 per cent (based on your assertion) of the market capital leaves me in a neutral position in terms of asset ownership and reduces my risk.
As a side I think the cash raise will only pay off 50 per cent of the debt. The remainder of the debt will represent a much less risk to any new prospective lender particularly as the more expensive second lien will be removed completely. Accordingly, the refinance of the new debt will be at a much lesser cost.
It’s my view that the reduced debt will also be paid off through a similar cash raise moving forward. I don’t KNOW but this is based on intuition. I have very rational reasons for this intuition and if you are able to remove the blinkers you may start seeing this.
As I statesin my first post, I have been observing this forum for sometime before I posted my first post. Within the adverse posts the strongest point that has repeatedly been made by the detractors is in relation to the mountain of debt that represents more than a substantial risk. It’s a point I have always concurred with and accepted. The upside here is immense, save for the risk the mountain of debt represents. If SPIF are prepared to underwrite the next cash raise …then here at planet romp I will be more than happy to be diluted and have that liability removed from the balance sheet together with the astronomical figure required to service that mountain of debt.
How I know is far less important than the fact that you got it wrong.
Likewise you had some convoluted explanation about why SPIF underwrote the last cash raise based on a purported 60 per cent discount and in the meantime as you were making your wise (not) observations SPIF were buying up (perhaps mopping up after hours on the wholesale trading market). So, yes your somewhat arrogant assertions were intended to ridicule! I think you suggested that I must be from planet romp or something along those lines.
Do you have the good grace to openly admit you got it wrong?
thank you for explaining the irony! it went over my head and i graciously accept my limitations at wit!
i trust that the reference to rudeness and co**** language was not directed at me.
any advance on the revamp point?
I fail to see any irony. The V8 is assisted by 2 x turbo charges and the point you have failed to deal with is how the db12 amounts to a revamp of the db11 when the twin turbo charged v8 accelerates faster and has a better top end (possibly restricted), and not to mention an extra inch thickness on the chassis that weighs less! That is not a mere revamp with an infotainment system. You need to stop reading the nonsense in karenable. Aas I said some people simply don’t know what they don’t know!
Last week (before the SPIF notification)c2 quite rudely ridiculed my assertion that SPIF would want a bit more of this as well as there was after hours mopping up of shares going on! It turns out that c2 got it wrong! I also suggested that any dilution would be offset by a change in the balance sheet which resulted in the most arrogant response from c2. Some people simply don’t know what it is that they don’t know!
Interesting observation C2!
Seeing a previous post from a third party…there seemed to be a suggestion that SPIF were interested in the Formula 1 team which seems to make sense with the synergies the marketing platform of a Formula 1 team would provide for other brands owned by SPIF. Not at all convinced that they would not want a bit more here.
Additionally we are talking cash raise for re-financing rather than operational cash flow/burn! The debt existed before the last RI and the discount.
Furthermore, I noticed that there was a “mop up” after the bell yesterday, and I suggest the same is going to happen today and tomorrow. Who, one wonders is mopping up cheap shares or as c2 would have it dead duck shares?
I am a first time poster on this chat but have been following the comments and observations for some time!
This may be very naive…but if refinancing were to be by way of a cash raise (or part cash raise, and new loan at an improved rate), does it really matter.? Especially, if any cash raise is under written by say SPIF. Whilst, my holdings would be diluted if I didn’t partake in the cash raise…the balance sheet would improve by the same amount …leaving me in the same net position in terms of stake in tangible assets! In fact, I may be marginally better off as the risk factor is reduced!