The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
Why the sudden sell off?
6.02 to sell now 6.09 to buy 1% spread. Momentum building.
Expected out tomorrow but expected to be fairly benign
This was 250p only a year ago and if all goes to plan may well be back up there eventually. I think either there was some insider trading this morning - maybe news or an rns incoming or the penny finally dropped and investors saw the price going up and quickly bought in.
Good interview explains latest developments
https://1lo.co/WY6Zk
A very exciting year ahead. Company is confident no fund raise is required before 2024 and then only if anticipated revenues are delayed. Oversold and undervalued imho.
Bargain - broker rating 275
Yes agree Sparky. Latest panic US stockmarket dipping om growth concerns. Anyway it will be back up soon. I sold this a couple of times before and wish I hadn't. Had to buy back at a higher price. Not doing that again!
Eps likely to be £1 per share for 2023 based on 450m turnover (250m already secured as confirmed in BK interview) P/e will then equal price. £12 for a p/e of 12. Seems reasonable. With further expansion and increase in share price likely in 2024 and beyond.
Why sell? Hold for gold!
Yes maybe but every time there is a drop it recovers. The TU is likely to be very good as we all know. Any sell off is an opportunity. The company is targeting £500m at 4% EBIDTA asap (refer interim results dated 27 September) I think it will be continue to be revalued upwards.
Biden warns of elevated risk of Russian cyber attacks. Looks like Shearwater may well have a few more contracts coming their way. Berenberg Bank has been rating this at 380 for the last 2 years. Recent Cenkos rating 200+