The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
I am not trying to do a "Nobby" but i thought the banco BPM were only going to stump up - up to - 10m euro to fund first WL deal - not 150m , also as only 9% of the pipeline is backed up by a term sheet or a "signed new letter of interest" as of the 19th Apr - then the "one single client that accounts for 57% of the pipeline" can't have signed.
Of course that doesn't mean to say they won't sign and they may very well have signed since but i did think it a little odd to say there is a 330.7 million pipeline and then to go on and say only 9% have signed up to confirm their continued interest.
Anyway , i continue to hold and hope for good things to come , i am sure all will be revealed in the fullness of time and i very much hope sooner rather than later ...
G L A
Don't tell him Pike!! 💂
Each to their own but as far as days out go I'm happy to give it a swerve , I'd rather take the Lovely Mrs Green out for the day 🥰
.. I think AZ is a bit of a cowboy but I don't feel any great urge to turn up at the AGM to tell him so , and in any case , some of my best friends are cowboys! 🤠😂
G L A
Without the cynics this really would be a rather boring board.
#cynicalandproud ✊🤔
Well Trevor , if we could monetise false dawns we'd be laughing - whether this turns out to be another one - we will just have to wait and see :)
Good Morning Trevor...
While you are absolutely right in everything that you say , the reason for the little ripple of excitement is that many believe that we may be about to finally get our white label proposition up and running and in so doing we will go from talking to doing and hopefully some meaningful revenue.
I am no happy clapper or cheer leader but i do have a fair bit in here and it would be great to see some progress that gets the sp off it's knees...
G L A
I am aware of those risks and i have highlighted them before , however IF WL gets underway with the juice men from the banco those risks will diminish considerably. This could all still blow up in our faces but for now at least there is still a chance we may get paid out...
The independent audit , albeit for 2023 , and Banco signing up to SACE are all part of Banco & SYME positioning themselves for take off re WL then perhaps we shouldn't be too surprised because that is exactly what we have been waiting for. If indeed this is all about to kick off it will be interesting to see how quickly it can scale up , that is the critical factor , that's where the luca is , repeat , repeat , repeat...
I am in a - I'll believe it when I see it - frame of mind but we certainly are due some reward after such an agonising purgatory of waiting 🤞
G L A
The "deadwood" being Boughtwood...
#boomboom!
🦊
There are good placings and there are bad placings , this is a good placing.
G L A 🤞🍀
It's still early , I would like to see a resolution or at least an update by the end of the week though - so that we can concentrate on all the good stuff.
@optrade...
Good post and sound advice 👍
@Savs1907... What a good explanation as to why swazzers is talking utter CODSWALLOP!
I have a sneaking suspicion he won't have the good grace or the intelligence to see that you are quite right.
Thank You & Good Luck.
MG
Yes i realise that punter21 , it was more for the benefit of LUCAIN who seems to think the board are just going to let it slide.
Excerpt from an e mail to me from the CFO today.
"please rest assured that the board is fully committed to establishing the facts of the matter in a timely manner and is working diligently to do so before taking an appropriate course of action. We will update the market and the appropriate time"
I trust them to do whatever is necessary.
LoL! ...and in any case for most of us it's got nothing to do with loyalty , you invest in a company with the best intentions but it doesn't deliver in the way we would have hoped and the SP slowly slides further and further down so most of us end up many fathoms down and we , most of us anyway , are holding because while there is still a chance , however slender , that this may turn around it is better to hold than to cash in an 80 - 90 % loss...
What makes you think there will be no further action Lucain?
We've had the three amigos or the three wise men now it's...
The FAB FOUR!! 🥰
LoL 😂 well I certainly don't wish THAT on him!
I hear what you are saying punter21 and on the face of it your position is reasonable but I am not in possession of all the facts and I would just be cautious of throwing the baby out with the bathwater. We will just have to trust the board to do the right thing , well we can't do much else can we? It does look like the writing is on the wall for Boughtwood though.