The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
DGR, I agree that everyone has not casted a vote yet. But large PI investors may have already cast their vote and it's a fair assumption that II will also vote in favour. Like any voting system they will have an idea of where it's heading in the prior few days to confirmation. We see this all the time with this share typically on drill updates. It's my view thats why we are seeing the SP rise prior to an RNS, as it's the only catalytic could be at this moment in time.
I think the slight rise in the share price means confirmation of the resolutions will be passed and that the finance package has been agreed by shareholders
If it helps with a sense of perspective I've averaged up in the last month and I didn't sell when in the 30s. I will also add more shares if the share price lowers anymore. I also don't intend to sell in the short term. I do believe it will go higher in the mid/long term if your able to hold onto your shares until then. All the best.
Thank you to everyone that attended for sharing their insights, most appreciated.
Well I've submitted my question as can't make the meeting. Hopefully will get a chance to hear it answered. I've still not casted my vote. Not sure anything new will be said but more interested to hear him answer questions from shareholders after recent announcements.
https://www.shorttracker.co.uk/company/GB00B15XDH89/
Their information is taken from the daily short positions report from the FCA.
https://www.fca.org.uk/markets/short-selling/notification-and-disclosure-net-short-positions
Agreed these chat boards are a good source of opinion and occasionally some good research is posted. Overall though you need to make your own decisions. Listening to the "respected" posters can just be as dangerous , if you decide to blindly follow ppl from an internet chat board that's your choice, and a poor one in my opinion.
Good presentation giving a general overview of the company.
I can't see ncm making a bid now after recent events. They still own 70% of hav currently and still own 70% if someone else takes over. Everything else GGP possibly has would still need to be proven and no one is going to pay anything like expectations for the other tenements until there is an indication if they hold anything. My main concern atm is making PIs silent partners when it comes to making future decisions about the company. We all have a choice to make in the coming weeks and whatever the decision we can't complain about it later.
Correction average not standard
If we don't get taken over further dilution will come. The proposed appointments are not officially locked into a retention period and have in good faith agreed to discuss 3 years. Two very different things. The potential ii they attract will not want to be paying over the odds for shares they invest. When we enter ASX, which the process has already begun, we will either be diluted again or shares consolidated. I understand the capital it will bring but the sp isn't going north soon to 38p and beyond. The FS will give confirmation of a platform but at this rate we need something else from other tenements. Even if that happens we are years as way from proving it. Hav is a special case and has been accelerated because of that but the industry standard is 10 years. We are fully funded for hav not anything else. What happens then?
It doesn't give a massive upside if they decide to purchase the rest of GGP within the next 12 months. The point is months ago when takeover talk first started people on here was quite bullish as they would "vote it down" as we had the all the power, now we wont have that option in October after I'm assuming we all vote for this action. I'm half surprised the usual conspiracy theorists have not said that the share price being driven down these past 12 months was so this action could take place. I wish i had sold at 38p I know that. If peoples strategy is to wait 20 years thats entirely up to you but in my opinion this won't hit 20p within the next 2 years.
For all of the talk that the PI's have all the power and would vote down anything they didn't see as fair value if a takeover was considered, whatever power we thought we had is gone. We also have a price to work from for the next 12 months if Wyloo decided to buy the rest. Seeing as though they have another facility at 10p if needed and their first purchase of shares 8.2p. This with the generous granting of options to the new additions to the GGP team would seem to have taken any "PI Power" away.
Well if someone was going to takeover at least we know the price they could pay, 8.2p in the next 12 months. With people on board that they clearly trust I would said nothings off the table. The PI are slowly losing whatever power they thought they had if it came to a vote. Berenberg has reduced their target price to 18p. One thing for sure is nobody has seen any of the events occurring in the last 18 months in this company. The rollercoaster continues.
I take a balanced view on what's he posts. Well researched and good theories. Are they theories or just plain conspiracy? Dots are there to be joined if you want them to be. Still its interesting to read different points of view but we still make our own decisions. GLA
Well judging by the sp run up to news. I'm going to predict we get the opposite effect tomorrow and a large spike, rather than the usual upturn before the inevitable drop on the day of news. All the best.
Generally we have normally seen a rise in the sp in the few days prior to news of drilling. We haven't had it this time. Will be interesting to see today if there is a rise and the same pattern continues and the release of results has been accurate so far, blue day today?
It looks to me that as the shorts are increasing there is a real possibility that they are trying to get this lower. I topped up at 8.1 and will again as the prospects are just too good medium to long term. For me I would top up again at 5.5p, not saying that it will. Anyone else willing to post what they would next top up at?
Like any shares the lucky ones got in early with low averages and the others bought on all time highs. You can't blame ppl for moaning seeing the value of their investment dropping since they have been invested, depending on their strategy whether it short or long term. Ultimately we all have to make our own decisions based on the information we have. If your going to base those decisions purely on what you read from posters on a public BB, maybe not the best plan. I remember years ago when it was a similar price to this posting that I hope it gets lower to invest more.
From the recent proposed placing RNS. It states that Tribeca have agreed to additional funding when required. Is this to be assumed that they will have another A$20m at the 8.2p per share in future?
Also, discussion currently with several Tier 1 "Main Street" global banks to provide additional funding. Assuming they wouldn't want to pay more than the 8.2p already offered. These could be reasons the share price will be at these prices or lower until further announcements IMHO