The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
I can't say I am disappointed because I didn't really expect news to arrive on time anyway , nothing else has.
If not today then I will hope to hear some GOOD news early on in April 🤞🍀
G L A
What a thoroughly splendid piece of news , absolutely delighted! 🐣
So we have been told that BBPM WL deal should be finalised by the end of the March and that confirmation of a 5 million dollar commitment from a digital asset manager is expected to be revealed by then also.
Either one or better still both of those deadlines being met will be a great boon for us all - although , in my own mind , I wouldn't necessarily expect to hear anything until the first week of April.
The importance of that first WL deal cannot be overstated but I suspect that may not be reflected in any huge or sustained increase in sp , I think it may take a steady stream of income to achieve that.
As for the argument around whether or not TAG have enough cash to continue propping up SYME , well I don't know but I think they are a lot nearer the bottom of the barrel than the top and In any case we can only survive on credit for so long...
Sooner or later Bambi needs to get to his feet and RUN!
G L A 🤞 🍀
Well AZ seems to think these shares are worth bothering about 🤷
If we were to equate SYMES progress to a horse race, and let's face it - it would have to be over a marathon trip that would make the grand national look like a five furlong sprint , then we can safely say that our runner is travelling like an absolute dog!
The grand national is actually a handicap and our handicap is that we only have three legs , we are pulling a fully loaded milk float(no doubt AZ hopes to monetize the milk)and our jockey is facing the wrong way and seems to have got his whip stuck up his ask no questions (apparently some people will pay good money for that sort of thing)...
On the plus side ...
We are still standing...
We are still moving , albeit at an almost imperceptibly slow speed...
And we are , I think , going in the right direction so...
we can but hope 🤷🍀🤞🏇
G L A
If there is something in it for us they will pursue it , if not they won't. Either way I am fairly confident that , while unexpected opportunities may arise , the Welsh Wizard and the three wise men will be working to a game plan and I trust them to do just that.
G L A 🤞🍀
The bank is stumping up 8.5 million euros(if i remember rightly)to get first WL up and running - so if they like how it works and they are willing to fund more we may yet be rewarded for our patience , hope so anyway...
G L A
To be fair we had a reasonably comprehensive update only two weeks ago...
As much as i would like to see it , i think it will take more than one WL to get us into the 80's.
BUY , BUY , BUY!
Bye 👋
Good post oldslow.
"range anxiety"... my goodness , that's a new one for the lexicon and I am getting to an age at which I might well be suffering from a bit of range anxiety myself and wondering how much further I can go until I conk out altogether!
I am hoping that DGI's progress will be timely enough to make the latter few miles of my journey a good deal more leisurely than the former...
G L A
🤞🍀
No offence to thick people.
Don't know why some people are getting out...
actually i do , it's because they're a bit thick and don't have enough patience.
There is a good chance of a multi bag from here but it will take time.
...stick with it 🙂
DGI isn't listed on AIM , it's on the main market.
I hear that , i don't mind backing a few losers as long as i have a few winners too.
I would have sold out SYME a long time ago if my crystal ball was any good and bought back in around about now...
I guess the moral of the story is don't go speculating with murky balls!
Yes , I can see how that might work , you would need a pretty nifty crystal ball though 🤔
Hi optimist
so for you to get twice the number of shares back after having sold at a loss you would need the SP to fall by a further 50% after having sold?
...just so long as it doesn't turn out to be fools gold 🤞🍀
Averaging down looks good on paper but it is a double edged sword ; if you believe the company will turn things around then all well and good but if they don't you are just throwing good money after bad 🤷