The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
Agreed and imo he has diluted any chance of a decent return on Wn so his baby biscathorpe can be safe guarded. Another thing why not suspend the shares at say .25 and the sound out the placing. If we still only got .16 then so be it but it would have stopped insider selling.
I did voice my concerns last week about forward projections ,prior to funding, and sincerley hope we are not all barking up the wrong tree as rather long here and getting longer by the day but doubts are circling in my head......
Blakeney I'm afraid you nailed it 19billion shares and a leader that has lost the trust of say 50pct of PI's Personally I am down to half of what I used to have and luckily put it in syme. Do I see that tripling from here yes ujo, no chance until we have drill results. Plenty of time to buy back in If I wish as we have at least a ten week quiet period. of course nothing has changed re the asset its either good or bad but if good it's worth 20pct less than it was before DB diluted the f...out of us. Prudent it maybe but executed like a cowboy. I don't believe he necessarily has PI's best interests-yes I have talked to him twice-but he loves UJO as his baby with or without us.
perhaps you can help me with my calcs. I am pretty heavy in here and was very comfortable, even added another 2m via my phone while out today at 59.5 the amount not important the fact that an old chap like me did it from my phone! Anyway to the point loved the rns and potential 50pct uplift in profits but at 8bn 1.5pct profit to syme this makes120m profit or .oo3p so how do we start getting to 5p let alone 16p and yes understand p/e will play a part.written in haste from phone.....
I'm sure the MM's will be quaking in their boots..........grow up.
As p...d off,upset and phycologically damaged as I am by this recent fiasco I can't help thinking that this price over the short to medium term is a bargin. if you think Wn is going to be a success and pre placing could be worth anything from .4/.8p then with a 20pct dilution you are still looking at a 100pct plus gain from these levels even taking the lowest estimate. If wn a dud then we have money to go again at Bisc. Don't get me wrong I still think us PI's have been shafted again and told DB so. I don't buy into this "disgruntled lth's will sell into any spike" as if Wn a success bigger boys that us will quite happily relieve us of our shares. personally I sold 30pct of my holding a few weeks ago as thought something fishy was going on but now will keep my remaining 40m right or wrong.