The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
Little comfort from results in my experience of Alm, but we all know that they have to keep the plates in the air until someone takes over. Suppose there could be a surprise like a new valuation on Fed, Spin, but then that probably would just add to the Reduction to NAV. Anyway don’t expect much and you won’t be disappointed.
Last couple of weeks we’ve seen up to 5% drops first thing, even before first trade, don’t be too alarmed MMS have to be seen to be busy. News when it comes should be transformative, but it might not come for a while so either bail or look in occasionally. Not a share to look at 5 times a day. Sit tight patience will be rewarded handsomely.
On the back of Share magazine great ideas. Trading at about 25% of true value and with dividend expecting to be reinstated next year, mind you with pe of about 2 I would prefer the Bod to use the money on a share buy back. Anyway my last couple of buys have been Syme, Syn and Gpss so maybe firework time. In here for the long haul so GLH.
As Warren once said, impatience is the quickest way of transferring money, from the impatient to the patient. Everyday we see a few shares bag or multi bag so a share that does up down for a few weeks seems boring. In the passed couple of weeks I’ve had Syn 500 %in a day, Syme 200% in a day, and Gpss 30% for 3 consecutive days so Alm along with others seem sedate, even gold is doing %’s a day. ,Strange times, so it’s uninflatable Commodities, COVID-19 solutions or technology for me. Sometimes you have to stick with your gut instincts, it just takes longer to happen than you generally think.
Why would anyone pay more than the going rate 6p. During book building interested parties would be canvassed and a consensus agreed on say 4p. In all my time an equity raise has seen PIs shafted, sometimes mercilessly as the BOD take the opportunity to award themselves cut priced options exercisable for years to come. This is AIM things the odds are against us with financial shenanigans. No more talk of equity raising, let’s not temp the xxxxers
As anticipated the change of extortionee has had no impact on the dynamics of resolute. Gold has stabilised at a price above $1900 unthinkable only 6 months ago next move to $2500 ultimately $5000 to complete the first rise in the new Golden age. Resolute in great position as a take-over target, who really cares when gold starts increasing at an accelerating rate.
$60 billion seems a lot, but I have a 100Billion Zimbabwean Dollar notes that cost me a few quid mostly postage, so Solg could quite easily be worth a lot more than £50 billion. By the way if anyone wants to pass on their bank account details etc, etc.
Curious why did CEO buy 1.6 billion shares at O.6p when he could have got them a week earlier for one twelfth of the price0.05p, something fishy, glad I’m out with a profit, will watch on but out of curiosity not envy, good luck holders I do mean it. Don’t forget bag at least your initial stake.
Bhp just announced its sale of coal and mature oil and gas assets and move toward more sustainable assets such as nickel and copper, looking good for hzm and Solg. This is the aircraft carrier changing course expect as the smaller vessels to follow soon.
There will come massive demand for Nickel, but not from Tesla, the biggest police scheme in the history of the world. The demand will come from the likes of Ford, VW, BMW etc. Always takes longer to adoption of new technology but once adopted is irreversible. Predict this to be £1 by 2023 u less takeover disrupts the fun. Onward and upward.
Cannot help but feel the fickle PI will dump this, if they can get an offer, quicker than they piled in. My main issue with this at the moment is the market capitalisation of an idea, with little or no barriers to entry. But then I must admit Nikola are doing $12 billion for installing $30000 of solar panels on 2 directors houses. Still think this has potential as first mover but having previously been burned on Aero Inventory (look it up, leased air craft components to the owners, and went bust) I am worried these shares are way ahead of themselves, will be back in at 0.25p if I get the chance, in the meantime enjoy the ride but bank some profits.
Bhp will by 2025 be in investable by institutions due to legacy polluting parts of the business. They need to divest Iron ore and coal before institutions will even consider them. That leaves precious metals, Nickel and Copper to fill the void. They will not get a free ride on Cascabel, it’s just too much of a game changer for any miner. There will be a contested take over and it’s later than they think.
The silly come lately brigade are over at Syme, someone’s going to get burned. Much more sedate here only looking for a triple bagger, and personally think Warren too busy getting The Berks into transferable assets such as gold to worry about the small matter of Corvid19.
Anyone typing Syme may have noticed Sym symphony environment, if cashing in some of your gains, always advisable take a look at Sym as believe that at the present price ratios they have more immediate potential than Syme.
Held these a couple of years ago but exited after a few months of small drops. I could see the potential but others couldn’t so bailed elsewhere. Think this could be the time Hay makes it big time, it has a stable of products and just needs to get a few orders and I think this will rocket. Imagine a lot of Property companies will be looking at cost effective treatments as they try to re let the buildings in many cities up and down the land. Anyway looking forward to developments.