The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
Director or Chairman cannot deal while works on deal because he has insider information. As far as I remember he cannot purchase shares prior 3 months before substantial deal announcement or financial release. Basically you director and you know the contract be signed tomorrow you would buy shares as much as can. No fair isn't it? So AIM rules prevent such activity.
Meantime Richard has more shares than 68m.
Whose 68m shares? Wht do you mean by 'prevent him from averaging down'? I have never spoke to Richard prior invest and my first holding RNS was announced early December 2017. Consequent topped up past 11 months.
yes, he must have got 1,638 shares and made 50m top up. Top up in BIG style :-)
these buys may be linked with the holding RNS.
yes - you see it. Your 6.30p support broken soon and will confirm down trend. Clearly will let you land on 5.5p. Last chance to escape to PCGE we expect to hear good soon?
yes, I see 'imminent' placing coming. Nothing heard since August but such things always come first.
OK.We have tested the ground. Now only way is up. We are on up trend and lets admit - sp jumped to quick.
you wish so. Have to recover cash quick from other investment to get more here. I can't believe this is so low.
you don't buy on your own risk. Ask my go up in an eye blink.
I am trying 'defrost' some of funds as well.
I have a feeling like we may have sudden news any time. Richard use to surprise me past many many months. It is hard to watch this low stock price. This is huge opportunity for everyone now.
yes but all money could disappear from the banks which could cause liquidity problems...
Mike, it is not me selling anything here. I rather seek the cash reserves to top up but corporate tax prevent me to add more. Many also cashed the crypto past days because same reason. This will all bounce back by mid December.
Thanks Mike, I have posted this to our Twitter PCGE group this morning. It is general positive attitude as we know Richard is now busy to deliver the news within next weeks. AIM is in huge decline pas days as many have corporate tax to pay by the end of the month - I am one of them. I am sure some invoices become paide 1st week in December and me and others will be dealing.
this 6m was purchased on Monday. Somebody valuated this loss for £1.5k in 2 days, must be confident recover this elsewhere but whole AIM affected past several days. GLA
If you don’t believe in substantial re-value then mind that on 13th February 2015 #PCGE has been valuated as £55.8m company before Center Point Development Corp. acquisition. Since then we have got several unlucky events in a row:
- Nick Bryant dismissal
- Nick’s claim to employee tribunal
- In effect of above claim PCGE lost deal with Americans
- In effect of above Riverfort fundraising arrangement constructed for particular deal with Americans stated affect stock price
- costly settlement with Nick
- capital reorganization with additional placings to keep liquidity
- costly placing for Riverfort deal closure
Today we endup with ~£2m mcap but I can’t see the reasons why we can’t be re-valued to £30m mcap next year on a good deal announced shortly.
Many hate Richard for the frustrating year and call PCGE as his life style company but this is all non sense to me. Among of all adjectives about him most accurate is 'Unlucky' IMO. I invested 3% last year and added to 5% this year and will continue to support company as we will finish good.
Richard says so to the TR1 (and we posses control now). Also Bob texted this refusing answer any questions to other shareholders. To quote Bob: 'News by Christmas'
Nobody can guarantee this as is radio silence and you never know how the market will react on news. Most of the people asking two questions: when (when I get rich) and how (how rich I will be). These questions are having no sense as I can’t guaranty any mcap until I see the deal. I can only give the clues what we play here.
If I could guaranty such things then I certainly get the loan in the bank and invest quietly more without a single word. What we know is that Richard and others in PCGE working on the deal now and these are noble people.
Check BOD - Mainelli or McDowall. GLA
Guys, I am not sure you aware what re-value we are talking about in here. The licences we hold are worth multiply of the current mcap. To give you clue of similar businesses operating with similar licences:
Rexlot Holdings Ltd – mcap $285.81M
CHINA LOTSYNERGY HLDG LTD – mcap $858.86M
AGTECH HOLDINGS LTD – mcap $4.96B
CHINA VANGUARD GROUP LTD – mcap $1.18B
V1 GROUP LTD – mcap $836.01M
PCGE – $2m
I am not sure how people do their research but I would recommend put £100-£500 just in case we will reach $10m mcap this year and $50m next year. The chance of win vs risk is very good here. The fact that Richard is silent and we know he works on the deal may mean anything. You do on your risk. Don't blame or thank me next year.
he get that in one chunk from broker for example for ~0.15p when the price was 0.1p. Few days ago or so. Simply is that.