The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
Will either stand for Really Nasty Shock or Really Nice Surprise. Only five hours till we find out.
Not really, when Cloudtag's NOMAD wondered off, the shares were still trading.
Same here lol
Not really. The BOD acts in the interests of shareholders (well in theory, on AIM, not so much) and make decisions collectively. Having one member on the/a board gives RBD a tiny say in how the company/companies are run. It doesn't give them carte blanche control over operations in the respective companies they have a financial stake in. It doesn't work like that.
Having a token board member is a little different than actively running a company. They have a tiny say in the decisions that are made in their portfolio of companies. However RBD are more of an investment vehicle and the day to day operations of the companies they part own is undertaken by, well the management of the companies they part own.
They're an investment business. They don't have any operational control over any of the companies they've acquired stakes in. It's like you or me buying shares in Apple and having no say in what the new line of iPhone's will look like. Even Warren Buffet who has a significant long stake in Apple can't influence John Ive's design decisions, or advise Tim Cook on operations for that matter.
Am I the only one who is calm! It's like this board is full of manic depressives. The last two days everyone on here was on a sugar high but this evening everybody is capping their pants. I could be wrong but I believe that fjones is telling the truth. Only because he's usually the first in line to start berating the management.
Yeah, luckily I sold most of mine at 6p. I put in a sell order at 5.7p last night. Don't think that's going to be filled!
Probably better than your Portuguese though. But yeah his rants are a bit tedious.
LSE has a portfolio feature I think?
Well they have awarded themselves options dependant on share price performance and oil strikes. It is an incredibly risky venture and if I was in their shoes, I'd be awarding performance related options rather than buying shares TBH.
I'm not so sure. It's more to do with group psychology IMO. People feel safer following the crowd so PIs crowd into a tiny band of 'popular' shares (regardless of fundamentals), whilst neglecting the wider market. IMO that's why you get outrageous valuations on UKOG, GGP, FRR etc. Meanwhile stocks with similar or better fundamentals either have realistic valuations or are massively undervalued. I'm not that bullish on the Horse Hill saga but the disconnect in value between UKOG and ALBA for the same asset is comical. Nothing to do with this share really, just felt like having a rant :). I am invested here though.
You're not even invested FFS. I usually don't mind bearish views. In fact I welcome them. But your tone is overly emotional and well, just plain irritating. Everyone here is an adult, fully aware of the risks and will probably openly acknowledge that this has been the most haphazard drill in recent memory. It's always been a case of high risk, high reward. If you want less risk then look at a FTSE 250 company. Don't get mad at that you lost your shirt on a small time oiley drilling in the flecking Congo. Your overly emotional posts change nothing, serve no purpose and just end up irritating everyone.
That's our problem, not yours though isn't it!
If you're no longer invested, polluting the board with your diatribes won't bring you your money back. Just move on. Seriously are you so bothered about a company you're no longer invested in?
There's going to inform the market if/when they hit the target zones, however the flow test results won't be known until December at the earliest. Mid December will be my guess.
Like I said in a previous post.. This isn't an investment, its a speculative bet. If we/they strike oil, we'll be rich. If we/they don't then we'll loose everything. It's that simple! Personally I'm not worried, the BOD have been communicating openly and honestly with us mere mortal PIs. They're trying their hardest to make themselves (and by default us) rich on this speculative bet. My theory is that the AIM get rich quick brigade got soggy knickers and brown trousers when we had the last minor setback so hence no mad rush to risk everything. However if we actually hit the proposed targets, then the soggy knicker brigade will become the 'me toooo!! I wanna be rich!' brigade and pile in here like bees to nectar.
But I'm going to follow this share closely to see how the story turns out!! Not to make money. Just as an educational exercise. You have to be the governor of the Bank Of England to comprehend this web of intrigue. Well however it turns out, it will be colorful and interesting!
I was seriously considering selling up solely because of Zorbas and the balls up at URU lol. From what I've read there, it sounds like quite a crooked operation.
I think what he's trying to say (in his second language). Is the goalposts have moved, even if you strike oil, you'll still be poor :D