The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
"The UK has overtaken France and the Netherlands in exports" isn't that strange?
well there isnt much between them and take out the London advantage of Financial Services and you may well find the UK is behind ...
https://www.dailymail.co.uk/news/article-13293237/brexit-Britain-biggest-exporter-France-remainers-blow-eu.html
Savage ,
You were saying " £1.60-65p very soon" back at the end of December .... "114p shortly" now seems like a bit of an admission of prediction defeat
"And do I give Flying Fu#k what others think....Not really "
and do you think anyone gives a Flying Fu#k what you think ?...Not really !!!
😂🤣😂🤣
I bought yesterday too.... mainly because I thought it was an insult to price them so low.... decided to give the shares a proper home :-)
"Very unusual for a FTSE100 stock to be up after ex-dividend."
All depends on the market at the time of the ex div
let´s face it .....3p out of 600+ is of little significance
The div situation was clownish...but all we know is the BOD delivered the news...who made the decisions is somewhat unknown ... but it would be naive to think stakeholders like lenders/key shareholders werent involved in the debate
"..that is the right decision to reinstate a dividend just to take it away 6 months later. 2
Fish
I guess we will never know just what or who the forces were behind such decisions , but as we have discussed .. I dont personally think it was down to the CEO/CFO themselves .... lenders/key shareholders often have their say on such things and the BOD represent the stakeholders, after all
Paddyboy
I agree.... they have the revenue to pay the bond coupons, pay their loan interest payments and work on improving margins ... they cut divs, save costs, and chase new business opportunities ... and do what is necessary to sell a business if so..
They cant determine when interest rates come down, what the German Regulator will or will not do, or the state of the German economy or UK economy....
Just keep moving forwards, pay the bills as due, and press on ..
I see full support from lenders at the present time, myself
" and there was a complete disregard to shareholders or share price"
Fish
There are a lot of stakeholders here and shareholders are but one group.... I think they know too well that the market isnt going to love a share that has no dividend and high finance costs .... so..in some ways they focus on the business ... the market does its thing ..a BOD cannot always chase or defend that
" I'm not stupid enough to claim expertise"
Haha ...well that in itself makes you smart then :-)
This is no time to be nervous ... you are either in for the medium term ..or not at all .... everything isnt going to be resolved in the next Update... it is an ongoing process... and you are either in it until at least H2 end ..or not at all
That is how I see it
If you umm and ahh about whether to be in or not...best to leave ....IMO
"....which accounts for just 3% of EBIT. "
I am afraid a £70m provision adjustment made on the 2023 Account ( £25m for 2022)will have more of an impact than some notion of "just 3% of EBIT"
This is a traders share with a lot of trades linked to Algos ...algos which are linked to perceived data point changes , which may well have nothing to do with Ocado directly ...eg..the probability of a June FED Cut
Impossible to predict the exact movements of Algo buy/sells
Stupmy
yes it is very complex ...but the main thing I think is just being aware that these complex things go on and are driving the market movements .... not some .. direct feeling say about Ocado themselves or some other company directly
I am pretty good at speed reading ... picking out the bits that matter ..but the complexity is certainly challenging
"Biden is I believe retaliating with Tariffs to try to limit this "
China is sending goods/parts to Mexico and finishes them there and then imports the finished product into the US at a fraction of the Tariff that imports directly from China are ....
Stumpy
I think the banks are a side issue in this..... the higher 10y yield pushes up the cost of selling US debt to investors , putting more pressure on debt interest ..... and....that could end up with the FED protecting the Yield ..by buying any new debt over a set yield..in order to keep the yield level from surging
A complex situation but obviously linked to the markets perception of stock values .....way above the basic retail investor trying to make a bob or two
" But surely if they were going to just seize his share of FXPO assets they would have done that by now? "
just seizing them would be against International Law , ...if... you haven't had a proper trial or judicial process to prove you had the right to do so..
and that is where the problem lies.... unless you can create some sham trial judgement from the Supreme Court to "show" you have the right to seize something ...
I think the US are also concerned about the 10yr Treasury yield ...currently 4.6% ..
There are stories that the Chinese are selling their Treasuries to push up the Yield and put pressure on rates and stocks.... not sure about that angle
If the yield went to 4.7 or 4.8 then stocks would be under real pressure
" Its clear the government is going after Zhevago stake in FXPO"
Of course, everyone has known that for years , since the the Govt Deposit Guarantee Fund said it had state losses of UAH 15.5 billion as a result of bailing out Bank Finance and Credit Customers when it went bankrupt..
..They blame Zhevago and want that money back.... and they get very frustrated that they cant get it , even to the point of arresting the mine manager and holding him for months in desperation
" it does not immediately mean that they have max'd out the facility limit, indeed they may only be in hock for a small proportion of the total credit limit. "
maxdba
you need to review the H1 Report (page 33) where you will see that the RCF has been fully drawn down at US$162m