The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
Nothing came out Gary,any chance you could give a run down on what these swindlers have done??
Say's not found.
Whilst i'm not happy with no divi & at 64 i've built up a holding to help in retirement not far away,however i believe the national need is greater,it's going to make us take stock on globalisation & free market capitalism,even to the degree of key industry's not being at the mercy of the markets,much like a mother protects her baby, a lower share price if you believe in the company may eventually help things turn around in the future.
My job has been wrecked by this,that is nothing compared to losing a life.
My daughter & son in law are both in the Met & because my grandson had a high temp 2 weeks ago both had to self isolate & i had to do the food shopping for them,my fear is now them being back at work,my son in law was back on shift today & shocked at the amount of people around in groups not taking any notice.
My daughter has a friend who has a friend that works at Watford Hospital who has been sent home to self isolate,a girl she knows that was working their died yesterday from the virus,this is getting serious take the warnings.
I've family in the Police & Nhs & as it stands for me the divi is irrelevant.
As somebody that's of the truly self employed i've seen my overheads rise to 50% of my takings,my work drop by as much as 40% dependant on the time of year,i now work 13 out of 14 days & any spare i have put into lloyds because of the divi,i should have been retiring next year but thanks to Cameron it's now 18 months away,but because of khan this december i'm out of work ,there will be options available because of what we are going through & that decision will be made around september.
The last thing i want to do is lease an electric vehicle which will tie me into 5 years taking retirement to 70 & 1200 pounds a month,wish i'd been a train driver i'd have enjoyed that more??
I agree totally with what your saying George,after all this the government has to get a grip with the so called gig economy that's paying little or no tax because of loop holes,ban zero hours contracts & scam self employment all this has done is create jobs of no wealth people that would not have any spare cash to help through this emergency.
My job has suffered because of this,i drive a London Taxi & this emergency has shown up the fault lines,Cabs are being backed to the garages,i'm told one had 35 electric cabs returned yesterday,the likes of Uber are bare bones cheap because the fare charged is not the true charge its subsidised by investors by i think 50% & they don't pay Vat ,that's why the tax man want's 1.5 billion in back vat off them,most drivers are migrant drivers on tax credits & various support,it is not only my sector that has been screwed it's almost (excuse the pun)gone viral .
The government must be ****ting themselves at the moment,i know that the preparations being put in place the met are worried as T May closed so many police stations & with a possible brake down of society in May there's very few cell's in London to put prisoners .
My job was one of the first to be affected by this new world,now it looks like everyone is going to be affected by the fall out of it,globalisation is i believe now dead & free markets really now need looking at,it's all gonna change.
Something i watched on our over fear media earlier today they said this has been around since december,well i've spoke to 2 friends today & we all had the symptoms of this just before Xmas & 3 weeks later we where over it,all of us thinking the flu this year was dreadful,we all think this started earlier & we all had it .
Anyhow mums care home is in lockdown,i went to work last night & that's 70% down,London is like a ghost town & if Parsons hadn't been a bull ****ting C--t the financial pressures wouldn't be so great,i'm off to review my direct debits & standing orders for the next 3 months otherwise it's been 50 years of working for **** all.
I'd put my money on an investor event in end of March/April setting out the path ahead,then a placing with warrants just like we have seen before a couple of weeks after,if this is to be repairing investor confidence i'd like them to be honest about it at the event,anyhow i'll be going along & hopefully meet up with some that i've met before.
There will have to be a cash raise that is plain to see i think,just hope the security for Jp doesn't cost to much,if as an advisor he's got the nerve to attend??
James has a wealth of corporate and transactional experience on AIM and a demonstrated ability to access capital to fund junior resource plays. He is Executive Chairman of Regency Mines plc and Non-Executive Chairman of Echo Energy plc and Coro Energy plc.
From the Rns,seems he want's to distance himself from totally F--king up Sound Energy,as the romans would say in days gone by,beware the eyes of March??
The Txe London electric taxi is a big disappointment,have a look at Bp W6 on the A4 at 2am drivers queuing up for a charge that is not doing anymore than 40 miles & has put over 2 hours on a working day that's long enough as it is ,hydreigon i'd have thought would be better for most commercial vehicles.
I was at Balls brothers & a few other of the events & it's funny how the mind works ,i've said before about Jp shaking Moroccoknows hand looking straight in the face saying it'll all be ok (wish he'd come back) but then Marco owed 30m & still doing business with Jp,surly he'd hate him for 30m loss,Bm taking shares instead of a payoff & all this time resisting buying any apart from 100 thousand or so's worth (peanuts)& let' face it if it was all going tit's up he'd have taken some cash but did not.
Jp has always said the share price is irrelevant,was there a reason for that,i'm beginning to think we are here because this is the path that was planned,not because it's all going tit's up but there's more to it,time will tell.
A couple of things i noticed in Morocco now thinking back i thought how strange,well i'm in deep so it's all or nothing but strangely i think it may well be ok,& hope it works for everyone??
Trouble is when the city lot when have had a drink (he wasn't ****ed but had a few) they are either quiet or want to talk,he wanted to talk when i asked what he did it went from there,myself i just want to get them home & next job,the talking bit after 28 years no thanks .
300 to 400 million that's worth more than 2p a share i'd think,just for some input if the deal get's signed on the 14th i'd be very surprised if there's not a surge in share price as holders feel more confident & buy,even new investors,also with Uk & Moroccan government seeming to be singing from a very similar song sheet this could (fingers crossed)turn out ok.
The other night i picked up a chap in the city who works in investment's & i talked about Sound but he'd not heard of them,the talk about the divi of 1.5 to 2.5p per share when production starts & selling gas begins i said to him who's gonna pay that on a SP of 2p i'd expect it to be around 30p,he said he'd put the Sp if it happen's to be 30-50p.
Anyhow thought i'd throw that in before i'm off to poxy London.