The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
I am really surprised the price has held up like this with power cuts but more missiles on the way, so we will see how long this can continue. The banks are also reportedly going to get hit after the power grid is fully down FYI. Once the banks start getting strikes they might even just go straight for other critical industries.
The peg of gold in currency and its exchange unit has always been measured in ounces and tons not dollars. Thus, oil will actually be traded based on ounces per barrel, irrespective of however much fiat currencies inflate because even if the dollar inflates 1000% next year you can still expect a barrel of oil will cost 1/ 10 of an ounce, even if that 1/10 of an ounce is $1000 factoring in such inflation.
It's mainly China buying and there is no discount. Something huge is also coming and it includes dumping US treasuries, de-dollarizing, new Gold exchanges, liquidating paper shorts and a new reserve currency backed by Gold.
I want to see the Poly price after BRICS reserve currency gold standard!
They will burn through that 60 million and then fail to make rent and get evicted. I also heard they plan to axe innovation teams so this is likely a first step towards that because they will lose their labs when they lose Windrush. There is some office space at manufacturing sites in Oxbox and Yarnton, so I imagine that's where all the core business staff and manufacturing directors will end up in the streamlined CDMO business.
Poly should do well tomorrow, the momentum is there and the monthly chart looks like it starting to curve upwards very nicely. I'm starting to feel confident enough about it to tell friends as well.
It can pump it can dump but as long as it pays out £1+ divi in 2023, I will end up a having a house warming party anyway.
Looks like its just a bunch of retail investors trying to sell the news.
BB I think a bigger factor is that the divi was hinted to resume in 2023 and 2022 is almost over, May being the earliest opportunity for us to get paid.
The company is dead once local electricity supply is exhausted and this is the purpose of attacking the power plants, so I can unfortunately only see them surviving with state aid and very patient lenders, provided they have enough jobs and tax history to convince the UA government, even in this ideal scenario the company can't still be valued at 600 million.
Ukraine might be pushing Russian forces back but the damage that has been done recently will manifest itself in the Winter because with no gas or electric for heating, they will suffer terribly and this will have consequences on the battlefield because conscripts, officials and soldiers need warm omes. The fact Putin is offering gas to Europe now should also not be disregarded, take it now and continue filling up reserves.
@CR888 that scenario seems likely actually because the attack pressure on Kyiv brought them to the negotiation table in April but at the same time any ceasefire under duress like that is likely only temporary, even if its another 8 years like the previous one but I'd happily take 8 years of peace and calm over this situation.
@Newdealz I actually agree with you and these current political systems with the means and authority to murder others are the real root cause of most wars because 99% of people just want to live peaceful lives, the average guy in Moscow doesn't care about Mariupol he wants to pay his mortgage and feed his kids and likewise people in London have even less to do with Mariupol or Severodonetsk. If Nato and Russia also start a war I wish we could just for a civilian survival alliance and shut them down so we can carry on with our lives, since all we really need are some councils to manage public and social services.
I'd prefer them to just buy out the Russian side for £5+ because that's money in our pocket no matter what happens and there are other things you can do with that money like even just buy more Poly Kaz. Risking the whole investment to go down due to sanctions and war risk, isn't smart at all.
Even if Covid returns that doesn't change much for OXB because everyone still uses Pfizer! Only 3rd world countries still use AZ. They should have also invested in developing mRNA vaccine manufacturing capacity, as it would have been significantly cheaper and more profitable than taking over Homology. I don't mind if they go under though, certain people needs their ego's popped there.
The gold price is less than the previous highs but still at a profitable rate, exchanging the dollars in the sale to GBP at this attractive exchange rate can also yield greater returns further down the line and compensate for the gold slump.
It's more complicated than simply not paying, the money is permitted to go into a Russian account in your name and I believe they amusingly stipulated you can only spend it in Russia. Therefore, you could in theory travel there and purchase some jewelry and watches, to keep or cash in back home for GBP.
I think mid October defeat is possible with 50,000 Kherson soldiers about to surrender, ammunition running out, men fleeing in mass, rumoured assassination attempts and rusty AK47's being used. However, based on the long history of European disputes, I do believe Russia will likely be forgiven as long as they don't directly attack any NATO territory, or cause any nuclear disasters. Since in the end its mutualy in our benefit to enjoy good relations with a peaceful Russia, for supply of cheap energy, commodities and scientific collaboration.
I was thinking the same but the dollar climb is temporary because it was not fueled by economic growth, so it might not be the same story by the time Poly arrives into a position to pay a dividend again.
Asset sale wasn't KO'd they just need to move head office to somewhere neutral like Saudi, I'm surprised they didn't do this already by now.