The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
People like to sow discord I'm afraid. Cheers them up for some reason.
OK see Amazon down 3% .. .my point is that this stuff about a company leak is boll...ks. It's not that sort of company. I doubt anyone but a few people even know about the trading statement.
Anyway, you always read nonsense when price volatility. But the major trend is still up imo..
See Apple down 4% wonder if the leak is related .... nonsense..
Have a look at tech stocks in the US.. sector weakness.
And it's also just the market. Difficult at the best of times. Reason why most lose imo. They think this is an easy game when it's incredibly difficult.
I disagree. I don't think 10 working days will make any difference to forward projections for the year. But anyway the half year trading update was 18 days into the following month, so I would expect the same this time round. Before then the trading statements were mixed due to the HP acquisition and covid. Since then with new management I would expect more consistency, and much more detail, which seems to be the case with this management.
Update is to the 6 months ending 30th April. More time comment doesn't make sense. I would expect an update week of 17th May.
I disagree. Good business is not all about exploitation. It's about mutually beneficial arrangements.
Also, mcro is in a recovery phase. Way oversold given the cash it's generating. If there has been a move back to fortune this last 6 months the money will chase the share price soon enough.
25p is small fry. Only for this year maybe. Then back to the 50-70p range of old imo.
I disagree there will be a fast fall. There are too many positives out there. Not many on here saying there're selling up. Quite the opposite.
Some good posts here thanks.
But that profit of 1.2 billion was ebitda, plus to need to add in the debt so at £12 a share you would still need to pay near 8 billion for the company not 4 billion. I would also be surprised to see mcro move to growth in its headline figures given -9% decline in H2 last year. However, the turnaround seems to be going well, though I wouldn't expect miracles in the next trading update. Steady progress will do me...
damp squid .... bol..ocks!
Mcro worth less now than the sum of its parts, which makes it attractive to private equity approaches...
Who was the person who sold yesterday ... oh dear!
And that's why most hedge funds mostly lose. They used to be the darling of the markets. They promised returns in both bull and bear markets. The fact is they rarely make anything, and almost always lose. This year has been a bit better due to volatility, but without that you'll be luckly to find a hedge fund making more than 5%. Most pensions and local authority funds won't touch them. And the reason is these gamblers think they can outsmart the market; but there will always be someone smarter with a better algo. So you're stuffed.
I'm always baffled by people who admire or even worship complicated formulas.... In the end, either it's a good growing company or it isn't. Everything comes back to the facts. Hedge funds are no better at predicting the future as my mum. Maybe one or two can for a short time, but the future is an unknown.
Mcro was a poor bet due the HP acquisition and an expired business model. Now it's a better bet due to management and changed circumstances. That's why it's gone from 200 to 500.
I note some on here boasting they bought at 200. But that was high risk. Better to buy on the last trading statement when management flagged the turnaround. I bought 1k a point on the spreads at 300 with a margin of 60K. That was due to a material change in the real world, not in the world of fantasy.
ex divi date was last Wed. It's always on a wed. IG don't make mistakes with divis.
So it was a good day to finish 10p up given the divi adjustment of 11p down...
Yes, ex divi today...
Got a nice 8k adjusted divi payment from IG. If we get back to 50-60p divis that's around 40k a year in divi's with limited tax as on the spreads. Plus mcro will be over £10 by then. Geared plays when they move in the right direction are fantastic cash generators.
You can't say it's a dividend trap when it's down 30pts before the dividend is even paid!!
Fantastic news ... it's going to blow big time ..
£10 soon..
As for growth in revenue, this is clear evidence of transformation. Plus you need to compare revenue H1 and H2 to see its acceleration. It's continued into H1 2021 so I see an acceleration in revenue and not a reduction in decline as some are saying.
Dividend will be 50p a share soon enough, too.