The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
Seems about right. What does supprise Me though is the amount of Companies that are allowed to disguise their issues and even large fund Managers are taken in. Obviously AIM is a market for gamblers and not investors. Take REVB for example. successful IPO and then a continuous SP drop even before the issues came out publicly. Several funds invested with decent stakes, so they must have believed in the Companies value. Regulations on AIM market is almost non-existent and seems to be acceptable. Good luck in this one though as it seems to have survived the corruption issue and will continue as a success. Have also bought into ITS, so Yes, I am a gambler....
Question for holders while We wait for outcome. How many of us actually make a living out of share dealing ? Despite investing in shares for at least 35 Years, I can`t say that I have made a fortune. Have had some very good Years and some very bad ones. I have become very experienced in the several career changes in My life and made a decent living, but share dealing is not one I have mastered. Feels like it more of an hobby now or perhaps I am just a gambler addict who needs a fix. Be interesting to know others opinions as I cant fathom out why I need to trade shares almost daily. HELP ME PLEASE.....
I stand to loose current investment if this went under of £ 42 k. Minus previous profits before suspension of £11K. The suspension came so quickly, I couldn`t reduce fast enough. Hope this has all been worth the wait. Current average is 12.6p so not all lost should it take a dive on opening which will depend on the RNS results. Good luck to all holders.
Very frustrating, but You cant blame the auditor for taking time in signing off accounts. Given that they had opened a can of worms, they need to ensure that all issues have been fully addressed by Bob & Co. Wouldn`t supprise Me if an offer has already been agreed pending accounts sign off.
Need to see a fund/s start buying in now at these levels. Company is vunerable to hostile bid now. Not selling any holdings for other to snap up cheaply.
Always difficult to know when to buy in when full market is dropping. Bought in just now but leave some funds to buy in just in case it drops further. Looking at results, this one will soon be back up as luxury watch market is thriving for alternative investments. Wouldn`t worry too much if bought at £8.60....Back to £10 in a few weeks.
I have just bought 278551 @ 0.359p. See if this comes up as a sell for guidance.
Think CINE was crippled by a court order to pay out an offer that they wanted to pull out. Cant even compare this with 888`s issue.
"He who dares Rodney"....Great time to start loading up. Cant see 50p but buying in small lots just in case. Lots of panic sellers here so this is driving factor of price slump. Still an investable Company IMH at this price and lower. It will recover.
The issues are historic and were not known to most of the Company, hence resignations by those who were involved. They may even be prosecuted.
Yes, there will be write downs for the previous Years which will effect the Company value, but its the future value of the Co which matters now and is Managed by Bob Holt which gives Me great confidence. Forget administration talk but agree that funds may need to be raised at some stage. Can see BOO making an offer before this happened though.
BOO first bought in on 17th August I believe with a price range of 0.24 ~0.29 p. The accounts have to be audited first to get a true value of the Company. Can see this going into February~March now as Medichem value disputed and possible legal actions taken. Would settle for 50p offer myself.
That News will warrant an RNS probably Tomorrow and hopefully up-date on forensic audit sign off and audited accounts soon after. Nice to see turnover doubling though. Not sure what profit margin will be but expect it to exceed previous expectations.
Current list of major shareholders is 85% of issued shares. Any decisions made wont be influenced by us private holders so there will discussions already among the major shareholders of where this will be going. Pointless contacting the Company to be honest as nothing will be revealed.
boohoo group plc 81,973,166 26.5%. Adam Nicholas Minto 48,838,993 15.8%. Thomas Donald Allsworth 48,838,993 15.8%. Soros Fund Management LLC 20,000,000 6.46%. Tsg7 A Aiv I Cayman LP 19,437,739 6.28%
Premier Fund Managers Ltd. 12,375,000 4.00%. AXA Investment Managers UK Ltd. 11,657,993 3.76%
Chelverton Asset Management Ltd. 11,500,000 3.71%. Baillie Gifford & Co. 3,983,047 1.29%
Columbia Threadneedle Asset Managers Ltd. 3,635,655 1.17%
Need to get the results out first from the forensic audit before financial results are released. Can see BDO being replaced if not already. Cant say anybody is rushing on the forensic audit which has already resulted in masive board changes which is where it appears to be focused on individuals rather than Company. Hope for RNS before end of Jan with all revealed what has gone on.
Novice82.Just seen Your post and have to agree totally that Asterisco stake building is for a private client. Have invested in this one as it looks ripe for a takeover.
BOO can only buy more shares off-market at an agreed price as they have aleardy done whilst in suspension. Cant see any other large holders agreeing to this as they are all down massively on initial investment unless it was at a very good offer price. Would be nice for up-date though. Feel a song coming on "Bob the builder, can He fix it " Yes He CAN....