The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
Excellent start :)
Hi mate, as usual you were spot on! Brilliant days trading and hopefully like you say the likely fall next week wont be too heavy. Got a healthy profit on my £51 average now and going to hold till we are back into the mid 60's where most brokers have targeted. You too mate. I'll certainly be raising a pint to her majesty this evening!
Late flurry at the close of play today, including a £15 million buy. If the US introduces further Quantitative easing we will be laughing.
Very volatile day today and disappointing to lose all of yesterdays gains. Think this volatility is going to continue for the foreseeable or at least whilst everything is up in the air with Greece etc. Could be a long wait before we are back into the mid 60's.
Solid gains today, thats £5 a share this has clawed back in the last week so reason to be optimistic that it will keep climbing. The hardest part will be getting back into the 60's as that has been something of a glass ceiling recently. More of the same tomorrow please.
Very interesting video and quite re-assuring. The CEO seems pretty adamant that Mali is having little impact on production which makes the huge over reaction by the market quite bizarre. The second quarter results sound quite promising too.
Yeah I have given it a bit of thought. Many of the brokers have given it a new mid 60's target but with it climbing into the 70's in the past few months and with the future growth predictions I think it would be in the region of £70 before I considered it, although of course it's all circumstantial and we don't know what may happen in Mali. It's all dependent on if something else comes up too and I need the cash. What about you? Am I been too optimistic/pessimistic?
Welcome to the club mate, me and you have a similar price then. I agree with you about the lows, cant see this dropping much below £50 again and has got some serious gains to make just to get back to where it was a month ago, so at this price its an excellent opportunity, especially with the forecasted profit growth. All the best mate, for both of us :)
Cheers for that mate. Sounds like the company is going in the right direction, and I agree with them that it is considerably oversold.
Mali seems to have stabilised somewhat, although there still the lingering uncertainty of when the military is going to hand the reigns back over. Randgold has good experience of operating in these kind of situations e.g Ivory Coast, and with gold comprising 70% of exports they would be stupid to cause any sort of disruptions. A few weeks and I think it will have made up a lot of lost ground....I hope haha
Think you are right mate. As long as the slide isnt too severe Im not that concerned.
More of the same tomorrow please :)
To be honest mate I've got half a mind to do that myself. £51 is my average price so might call it a draw and then go back in again at a lower price if it dips tomorrow. Thing is for the sake of a 100 points or so it really isn't worth the hassle. Fingers crossed this is the start of the climb back up.
20 odd degrees in Manchester and Randgold up 300 points. Perfect.
Finished just above the 52 week low in the US.
Haha Im very envious mate. Already locked in otherwise I would be waiting to see how far this slump goes then pilling in. With the prices now for firms like RRS and RIO you are going to make a decent long term return. These are very profitable companies. Nice 2 million quid buy at the close of play, and an 18 million quid buy of rio at 29.5. Some great buy in opportunities.
The up side to this is a lot of people will be pilling in at very cheap prices. once the worm turns there will be some good returns. Just not sure when that turn will actually happen.
it is always difficult to get in at the absolute bottom. Im still reasonably pleased with my 47 quid top up. Just in desperate need of some stability. The market is incredibly volatile at the moment.
Wish i'd held off yesterday and bought in today, thought they might have reached an agreement in Greece. Nearly at the 52 week low now. FTSE 100 down again and all miners getting stuffed. Something has got to give and soon.
About to drop below the £30 mark. Great value considering it was 30% higher just a few weeks ago.