The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
I’ve been very bullish here, having bought in because of the SP chart, but it has never taken this long to bounce before. Everything that could’ve made it bounce has already been announced- decent results, decent TU, divi. I fear that people will start losing patience and sell out, and it will go below covid, like carnival did. Not comfortable with the shorts increasing either.
If it wasn’t for the SP chart, I think none of us would be here. The net asset value is negative if you remove goodwill/intangibles.
If it hasn’t broken £1.24 by the end of next week, I’m selling out. Too many good opportunities in the market at the mo to have cash sitting idle here.
How do others feel?
Because of the name change, I would say there is something positive brewing which means directors are unable to buy until it is made public.
I think this will bounce when we get the inflation data on the 24th. Inflation is coming down rapidly. In fact, everything I see is coming down in price, diesel, gas, milk, bread, butter. Just wait for it to feed through to the data.
Freetrade & 212 still not paid the divi :(
LG, this is true for general accounts but I don’t think they can lend your shares out if they’re in an isa.
Well I have accounts with 212 and freetrade and I’ve still not received the divi in either accounts. All will be reinvested at these levels.
I guess that’s what you get for being a cheapskate :(
What are you doing with it?
Bearing in mind inflation is the root cause of where the nex SP is, should we believe all the media hype? Inflation was high last year, but what is STILL going up in price?
We actually have deflation from what I’m seeing. Diesel is now £1.38 at my local garage, down from £1.75 ish last year, wholesale gas prices plummeted, supermarkets reporting price cuts to milk, bread & butter in the last few days.
Yes, a lot of food products have gone up, but are they still? I don’t think so. When it feeds through to the data, nex SP will rocket.
Share buybacks all day long. Especially when the SP is so low, it works out a good investment for the company too. Just look what it did for FGP, pushed it’s SP up 20%. Also burns the shorts.
Shares have a habit of bouncing off previous lows. See IAG, MKS, Sainsburys on a 5 year chart, all hit exactly the same price they fell to in covid and are now up over 50% within 6 months. This is hovering at its previous low of 116.7 and after a few false starts will take off any time. Could be when the divi gets paid?
Almost 100x todays trading volume being paid out in dividends on Monday. Lets see how much gets reinvested :)
Aren’t the prices demand driven?
It must be a valuable contract for Firstgroup to lose over £40m of its market cap (4.8%).
Would probably boost our SP by at least the same amount if it were to be announced.