The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
Related to this morning's convo re the macro picture...
https://twitter.com/FirstSquawk/status/1301891560162955264
Behemoth on the ropes...
GLA
600Thieves - Thanks. Yes, I like the control too, which is easier without the 9 to 5. Have to admit the I'd be incandescent with rage if I got mugged out of my shares by MM's using that cynical ploy.
Scots - I lost money there too. I even tried averaging down after the bomb dropped, hoping for some miracle. Happy days..
Scots - I didn't think it worked that way. If there's a proper crash, your Stop loss only means that your shares are up for sale, the trigger point is not the guaranteed sell price. You could still lose your shirt.
Or am I wrong?
Greatfull - Yes, it was drill results I was referring to.
Zambia is in a reasonable place as far as the Kung Flu goes. I don't think they can reasonably use that as an excuse for delays, but I don't know how disruptive the rules are about it there.
Are the results even coming out of Lusaka? Or somewhere further afield?
I was thinking in August that September has a nasty habit of this kind of thing. The trouble is that I didn't have the cajones to sell out of any of my shares with with the intention of buying back in cheaper.
I'll just have to "enjoy" the ride.
ATB
Greatfull - Certainly a possibility.
NvS did say at one time that they were looking for a buyer (maybe in not quite those words), but he also said something about results in a couple of weeks so anything is possible right now.
China - Thank you, yes, it brought some reasonable thinking back to the board.
FWIW - I have in my mind a figure of about 45p as a sale price. I've said before that we will be offered the bottom end of reasonable, and that is where I see this figure. Certainly I'll be gutted with anything less than 30p.
We have no concrete details upon which to calculate fair value and, despite it apparently being against the rules, results are not being released. Withheld and not released are probably legally different, but nobody here will be taking ARCM to court to argue the toss.
So all expectations currently are from the gut and not the head at this time, and all simply BB filler.
If, as Unwise suggests, ARCM & AA are reading this BB, it's time for those with higher expectation to make some more noise.
I sincerely mean it when I say good luck all.
Dafad - Great minds...
"2 Become 1" - Merger?
"Spice Up Your Life"
Did it back in the day.
There's gonna be some head-scratching if THAT'S involved..
Trills - May I be the first to wish you a happy birthday!
(Sorry but I suffer from premature congratulation..)
Hope the delivery of presents brings you all you could wish for, and another strong bounce-back here does the rest.
Cheers, fellah!