The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
I don't think anyone is suggesting they are witholding news..... just that news has been expected since end of last year, expecting them to be working very hard to put the finishing touches to it to get it over the line. Could be a chain of events where one thing triggers others.
That is hilarious talking about names... coming from someone taken their user name from a fraud!!!
All this time waiting..... we didn't realise Roy was our saviour!!!! Only wish I could buy more now I know our future is in your capable hands.....
Minty is 72, does he want another 3 years??!!
If and when Minty goes it has to be right for the company to move forward, not just because you are bored waiting to get rich and to be pushed via an agressive displacement IMO. He has also invested a lot despite what many will have you believe. And he clearly still has a role to play in getting deals over the line.
I wonder what a high quality replacement for Minty would do for sentiment and SP?
So far there is no evidence to disprove any rumours of OSX3, or TM. The addition of a Brazil employee, confirmation of Brazil focus and comments on a chinese facility all support what Seadog has said.
I think i might drive...
The bid opened at 0.83..... it is not uncommon for a bed and isa to go through bang on the bid.... they often give you an option between having same number of shares and paying the difference as a fee or losing a few to cover the fee. At no point did the share price drop.... the sell that followed it was at a slightly higher price which which is a bit of a give away.
You must be looking at google finance chart which plots the chart based on trade entry values, rather than based on the mid... which would be impacted by any change in bid or ask
Clearly showing a lack of understanding.... I’m not sure if you just don’t understand and believe this crap or know exactly what your trying to do
Yawn
Cobra - normally i would agree the agm shouldn't be seen as a deadline...... however.... as we all know a number of things are long overdue and were expected end of last year... there may be a couple of things they can control, and there may be a couple of things that should have come out already that just failed to make completion by end of last year.... one way or another, the amount of interest and emotion in this share, the bod know that expectation is very high and progress is expected asap.
*ISA. bed and ISA
They look very much like an iosa transfer to me.
A bit suspicious about those 3 sells this morning..... 200k, same as the UT trade.... couldn't be mm led trades trying to encourage sells could it?????
Where's Roy with his "follow the money"!!!
There's always the risk of rainbow chasing.....
I've mentioned this in the past but, investors should take a look at mid cap oilers like Tullow and Premier oil...
Tullow valuation currently £2.8bn, Premier oil currently £640m. They both have significant debt, one more so than the other in relation to profitability, carrying overhang from the last oil downturn.
It really isn't beyond the realms of imagination even for us to get to get to a quarter of their net production with a much leaner balance sheet and better placed for oil price fluctuations and continuous additions to portfolio. Who wants to sell this at £11m mcap? Lets say over the next 3 years they get to 3-5 projects with a conservative net bopde of 10/20k.... that is an investment you want to be in from this level, and that is very achievable IMO. Brazil
Reality of this share is, there is outstanding potential for shareholder growth. That has not changed. Anyone that bought in here bought for that very reason, and the indications of this developing into real returns for shareholders have only increased and whenever you bought and whatever price, it is certainly closer to coming to fruition than when you bought in.
The reality is what every single investor is hoping this company achieve so that they can make a personal gain, whether that be for a short term trade or for long term growth, is no easy task. Cleary pulling of material value adding deals is not something that can be achieved by right or by design.
The main issue here is the timeframes that have been self-imposed by members of the company have not been met and therefore investors’ expectations have been met with disappointment. But does disappointment about timeframes mean that you have made a bad investment…? Only time will tell on this… ie if they deliver a value adding deal whether that be tomorrow, before the AGM or after… then that is the first step to success.
The signs are clearly there that this company is moving forward and that 2019 will be a good year for us. There appears to be a plethora of opportunities and a diversified approach to tackling the oil and gas industry that should place this company in a very unique position in the years to come. If they achieve half of what they are currently working on this will be an oil and gas investment like no other with a reduced risk profile, leaner balance sheet, and the potential for quickly adding multiple assets once they are up and running, partnering with a variety of industry experts.
I can argue the history and disappointment of not meeting timeframes is bad…. But it still stands to be an outstanding opportunity to hold a significant investment in a company that really could be on the cusp of entering into a new league and gaining traction in a very difficult market to succeed in. In my opinion this still represents unrivalled risk and reward balance and investors will do well to try and look beyond whatever you think of minty and the disappointment of being far behind with progress, and actually consider that it is moving forward from when you first invested and it still is a very exciting prospect with potential to make a very large sum of money over 2019 and beyond. Unless you have alternative use for the funds or know of another investment that can take off like this could which is guaranteed, surely it is worth holding on and giving this a real chance to play out. Look at the Rockhopper chart, 5 years around flat little ups and downs like us before it took the sharp incline. It does take years to build these companies but when they start moving the growth is very quick, this share can keep on delivering with new projects, new ideas like no other IMO.
I think anyone reading this board has long worked out Royscot talks a load of bollocks, hasn't got a clue what's going on and clearly has some kind of alternate agenda.
Why don't you follow the money...... all £20k of it....
*valuation
Not familiar with II but if you mean valueation of your holdings, it's not uncommon kmack... they will value your holding at the bid price as technically that's what it's worth as that's what you can sell at.... no point valuing at the mid if you cant sell at the mid...... HL and probably others do the same... my HL holding value is calculated at the bid price.
Its moved up to 0.85 as the bid has now moved.
Other points to note
“This marginal field strategy will seek to utilise innovative engineering solutions that reduce both Capex and Opex and are redeployable to build a portfolio of low risk, highly appraised marginal assets”
Oil price action over the last few months completely validates this strategy-when Brent was racing over $80 you could be forgiven for thinking that the oil market is springing back into life and all of a sudden investment comes flooding back into oil projects-However it goes to show how volatile sensitive oil projects are and that any investment available needs to be low risk-our shared risk, innovative approach is a highly attractive alternative to high risk high capex options.
“We continue to negotiate a number of specific opportunities at different stages of the 'commercialisation cycle; we have submitted proposals which are being considered and we are hopeful that we will be able to update shareholders with positive developments in due course”
We often talk about brazil or North Sea, but it’s important to recognise they are working on a number of projects any of which could turn into a deal at any time.
“We are building a team to speed delivery”
Big hint with Brazil hire and UK projects manager
“Nu-Oil will also seek suitable onshore projects”
“MFDevCo believes it has identified a development mode that could make Helvick and Dunmore economic to develop and has informed its licence partners accordingly. We believe that this work will create 'standard, repeatable' projects I referred to earlier which, logically, should be quicker to deliver”
H&D still on the cards and could lead to other smaller quicker projects to compliment the larger projects.
It’s the first time they have mentioned seeking new onshore opportunities… with the consortium approach mentioned for GHs, could they be working on a consortium approach for global onshore opportunities similar to MFDevCo?
“The Company, with PVF and others are also in discussion regarding wider regional rejuvenation plans which would provide a step change in the portfolio interest as it currently stands”
Well not much to say on GHs only that clearly things with PVF are not working out. It’s the first time I see a figure quoted about what PVF have spent $1m CAD. It’s a very low figure if assessed against revenue projections from even 300 barrels per day. Along with G2 energy lapse in agreement and insistence that there is opportunity for further development in Newfoundland, with previous communication about getting more partners and a consortium approach,
"The Company has made progress on several projects this year and we are excited about the opportunities that lie ahead. Activity has increased in MFDevCo and we look forward to updating the market as it acquires projects and concludes investigations into alternative marginal field commercialisation methods”
A significant comment in that it has come from Nigel not Alan, we know Alan has a