The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
As I mentioned numerous times in the call, I think its worth us still pursuing another scheme - what the hell have we got to lose at this stage! Mo and Chris let's join forces now to agree this jext meeting with Jonathan and Danny!
Any idea of we could buy a controlling stake in amigo, now its so cheap, and force them to try for a revised scheme? Or simply acknowledge its a much smaller company now and ask for a lot less money for relending? Or at the very least defer the 15m so we could perhaps raise it in a year or two once the market is improved??? Why is this so hard??!!!!!
Hopefully someone will snap this up now with the cash to be worth gkibg back to get a better scheme or reduce the overheads of the business so we don't been this silly 40oddm raise
My shares have took a 95% hit already bow mat as well stay in and see what happens!!!
Agreed. If thier going to turnover a lot less than envisaged over the next year then cut staff, move offices, cut over heads and perhaps the 45m they day they need can be reduced dramatically.
Then look to recapitalis and expand when the market improves
Agreed that next Wednesday is too soon for a vote and that hasn't been included in the agenda anyway. It's just another update next week.
I presume it will either confirm everything is in place and gear people up for a subsequent vote, or if there is a shortfall ask shareholders to make up the difference.
Presume vote will then be early April latest, leaving a month to organise the RI for the money to be in place and the 15m paid by 26th May?
It's just frustrating. As an example. This time last year the share price was around the same level, then fca announced they wouldn't appose the new scheme going to court and the share price jumped briefly to 10p!