The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
From a quick look page 16 of the annual report http://www.solooil.co.uk/~/media/Files/S/Solo-Oil/reports-and-presentations/2019/solo-oil-2018-annual-report-final.pdf it would appear that Ritson used to get £171k, Strang £57k and Maling £240k.
The new guys are a littl emore difficult to work out as they have not served a full term but Fitzpatrick pro-ratas out to about £220k and Ferguson about £45k, though I would be surprised if this does not go up.
The salaries are not unreasonable compared to their small cap peers to be honest.
The wages seem perfectly
Ricksan - yes you have correctly understood how options work in your first paragraph. As for why directors get free shares and options, one is essentially as an immediate payment and the other is as a bonus. The options always have a time limit on them so an ex-director cannot still have a claim on a big chunk of company equity whereas a current one will be able to renew them each time they run out.
For a good example of how a director runs options for their own benefit look at Stephen Sanderson the CEO of UKOG. He has never bought a single share in his own company yet he awards himself 25 million options each year as the previous 25 million run out so that if things go well he can never lost out. HTH
To make big money out of these small cap stocks you have to be prepared to hold for a long time but at the same time also keep an eye on them and be prepared to sell out immediately should things go wrong. Patience and attention is key.
There is always going to be profit taking after a run to nearly 100% share price increase in a month. This is a good time to trade some of your non-core holding and see if you can increase the pot IMO.
The only thing more reliable than someone on Twitter giving an investment opportunity is if it written on the wall above a urinal in a dodgy pub. With the pubs closed at the moment I realise that we all have to rely on Twitter but come tomorrow the real expert advice will be back again.
Just thought I'd lighten the mood!
I agree, good mid-term bet. If you are holding on for £3 though I thoroughly recommend that you take out your intiial investment when you can though - that way you are playing with house money.
Looks like we had a double bottom here between March 23rd and June 30th so I would expect things to go up from here. I'm slightly irritated to have missed the initial rise over the last few days but looking at the charts there still seems like there is plenty of legs in this one yet.
It's nice to finally have a report when MKS is doing ok, even if it just relative to others.
Yes, once the overhang has gone 3p will break and be held and then it is clear sky to move on up. There are many advantages to selling in paper but the overhang is unfortunately one of the disadvantages.
Once a shell has been taken over all of the old board are just marking time until they move on.
This may or may not be a good long term investment but to make short term money you have to go with the sentiment whatever your long term feelings about the share are. In this game giant piles of horse manure can be inflated to great heights and good companies prospects can be ground into the dirt.
In the long term solid fundamentals always play out but in the short term you have to swim with the tide and not against it.
The weald as a whole has not turned out as any of us would have wished it to.
Well done to all those who took profits when things were at their highs. For the rest of us, lessons learned for next time.
It is definitely one to buy and leave but not necessarily for as long as you may think. This needs to break 3p first but then it can really motor.
Decent end to the day. I wonder what it will finally close at? Not that it matters in the long term but for some reason closing on a blue day makes me feel better, even if I have no intention to sell at the moment.
racandfz - yes, of course you are right.
Getting something as fundamental as that wrong rather ruins the gravity of my post I am afraid. I should have been more patient!
Maxreinier, I agree with much of what you say. This will definitely bounce back and as we ease out of lockdown both the highs and the lows of this share price will get higher.
This game, as Warren Buffet wisely said, is about a transfer of wealth from the patient to the impatient. Often the impatient are not temperamentally suited to investing anyway and they frequently lose money on what they naïvely term as "investments" but I think that with greater clarity they would agree were actually "gambles".
The impatient do no research. They invest in a share because of what they read on a bulletin board like this. They do not buy early when the price is low, they buy late when the share is already on the top movers boards. They get spiked out, they lose patience and they sell at a loss before the price rises again. They come back for a second time when the frenzy is back and they start to believe the hype on these boards that the price is not at the top but it is just the beginning. The price still goes up and they hold all the way up and all the way back down again. Then they blame somebody else for their losses and try to put together an action group to sue the company. Then the lawyers take even more money off them before they finally give up and decide that they are not temperamentally suited to investing anyway.
The moral of this story is: do your own research and don't be impatient.
Any action group trying to sue companies over share price crashes on AIM are on an absolute hiding to nothing. They never get anywhere and the only way they can win is by not spending any money in the first place.
The lawyers love it when these naïve bumpkins arrive. I've seen it dozens of times. They come in with their made-up ideas of how they have been robbed and of course the lawyers tell them that they have such a great case that they are going to do the job on a no-win-no-fee basis. But this is just salesmanship. Fast forward a month or two and the same lawyers that promised that the case was cast-iron and wouldn't cost them a penny suddenly start demanding a small retainer for their work, just to cover costs. The bumpkins cough up as the retainer is only small and it is divided between many people. Fast forward another month or two and a further request for money arrives, this time bigger. If they pay it a third arrives etc etc.
And all this is before they even come to the killer - that should it ever go to court the barristers are going to want another large chunk payable up front and with no guarantee of winning.
I can remember reading dozens of times about shareholder action groups being formed when the shareholders have lost money on their investments but I cannot think of a single time that they have been successful . It is just another way that the foolish are parted from their money.
The spread is far to big to be investable at the moment.
Yes, excellent post RS2002 - recommended.
Flip of a coin with one side being sky-rocket and the other being merely steady growth is no bad thing.