The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
Well at least you can add your BWNG losses to your IAG, CPI, CINE and other losses you've made. Similar to Ian sold out most of my brown at 56p last week, great return from 18p buy in. Will look for the offering/AIM to be sorted before buying back in.
Wonder if Allianz wants to keep the share price as low as possible up to the offering so there is a lower take up and they gets more shares. With the size of their holding, would be very easy to do (sell or lend out to short).
14m profit compared to 18m PY is a great result given the covid environment. When you consider that is AFTER a 17m bad debt provision for covid, this is a very profitable company. Impressed by management actions here through covid. Still not sure I get equity raise, not really required as they are generating great fcf each year. Hence why there's no discount to it.
Strange this one. Doesn't appear to be a need for the cash. I think board have succumbed to pressure from big boys not wanting to fight over 8% free float at these historically low prices. Fingers crossed for tomorrow, some strange price action today around 60p, that's my guess. Good luck!
Hope to see an update on September and October trading in Thursday's update, high level we have the numbers for H1 from the previous trading update. Expectation still remains a third crack at 66p.
Shame there is a growing nonsense on this board.
https://www.ig.com/uk/indices/markets-indices/weekend-uk-100
Close to 2% down
Agreed, next week should, hopefully, show this is a company that can make money even in more lockdown conditions. Given the amount of debt they've organically paid down this year, shows to me they're doing fine, generating cash and profits.