The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
All part of the game
Some confiednce appears to have returned to the SP, early days yet though...........
This is punishment for misleading investors and SMS should know better !
Take that with a pinch of salt
""the board remains mindful of macro-economic headwinds in the second half of 2022," as it monitors the cost base.
Already covering the bases for when they turn another loss in at full YE
Well they're certainly on the right track now...
You'll notice all the rampers have long since left the building. MDZ may or may not make a profit this year but don't hold your breath after the catalogue of failings over the years. I've been warning investors here since the the coke deal fizzled out which was another false dawn. Better investments elsewhere to be had
Cofidence is shot, thank you SMS for getting us here...............
While everyone's salivating at the mouth with the thought of a first ever profit and I still remain doubtful, please consider that they have very little in the way of cash for capital expenditure, they live day to day basically on what they receive and have loans to repay at extortionate rates to some shady characters in the Channel Islands !
Confidence is gone for now
So all the SMS ducks were not in a row and PwC were correct in delaying the audit
Nothing you can do now but learn the lesson and move on
now
Some shenanigans going on...................
For you guys that are heavily invested here I really hope that's the case. The current business model hasn't and won't lead to any future shareholder value as its unsustainable, either the management changes or they look at a reverse takeover, I can't see any other way forward