The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
Correction - got 5k shares left that I bought at 112p
Just top sliced and sold 5k shares at 138.5p. Still got 5k shares left bought at 122p that I intend to keep until at least end of year. Will buy more on any weakness below 120p which I doubt we'll see again.
Sooty, whilst annoyed and frustrated like you about the current situation, I'm at least cautiously optimistic that all is not lost here and that there *are* things going on in the background with regards to a sale. I believe Glencore are shaping up to offload this legacy asset whilst the going is still favourable.
Call me naive, but with Ivan out and Gary in, I think we're about to see some action before summer's out.
And right on cue pops up Slift with his (her?) doom and gloom.
Some things in life are just so predictable.
IMO, this is primed and ready to fly high again.
Patience grasshoppers, patience!
I think it's high time Trahar came clean with shareholders about where this is going. Are they close to selling? Are they even looking to sell?
We've been mugged off for too long and it's time we got some answers as to what, if anything, our money is invested for.
I never thought Zioc was a lifestyle company, until now. I now have doubts.
I'd be very enthusiastic about any shareholder movement towards getting some answers.
We need to be reading between the lines here I reckon.
One could easily be forgiven for disappointment selling this morning. BUT! I sense a bigger story about to unfold here over coming weeks.
We KNOW Glencore are a keen seller at the right price.........................
Watch this space!
Have they REALLY made us wait 8 months for THAT?
Or, is another fruitier RNS incoming. I wonder................
Sooty, I'm inclined to agree with you.
A can kicker just won't cut it this time.
Thing is, if a deal was being put together and finalised, there would surely be leaks with the number of different parties involved.
If there isn't a deal forthcoming, Trahar and Elphick have a lot to answer for from angry, frustrated shareholders who will feel rightly conned.
Well......no RNS today so TRANSFORMATIVE Thursday is now "a thing".
All roads are leading to a material announcement tomorrow. Either that or Zioc are incredibly incompetent by cruelly leading it's loyal, long suffering shareholders to believe that the stars had finally aligned (by their actions in delaying a run of the mill re-costing exercise to coincide with Glen's AGM). Not forgetting the prolonged radio silence too!
It's, quite literally, sh 1t or bust tomorrow now.
Please oh share god's, for once in my life SURPRISE ME FFS!!!!!!!!
Feeks, for starters, a new board with a bit of ambition and get-up-and-go.
I'm sick to the back teeth of endless work programmes and studies in disappointing RNS's.
This is the world's 5th largest iron ore deposit. It should either be mined or sold. Not studied to death for 10 years.
It's either a huge co-incidence that Glen's AGM is this Thursday and our expected RNS is (this Thursday??) or synchronized announcements are coming about a material change for the project in some shape or form be it a sale, 3rd party investment , project funding or early stage go-ahead.
Are we days away from very significant news?
If we aren't and it's another (6 months late) can-kicking waffle job with big words, then it's time for board resignations.
We've all waited long enough.
There will NEVER be a better, more opportune time to sell this project on.
We are all kidding ourselves and we are in for another big disappointment.
It's now (before year end) or never for me because iron ore price is cyclical and won't stay high for ever and when it eventually falls away again, then what for Zanaga/Zioc?????
All it takes is a wee mention at their AGM and Zioc will go berserk. You'll get loads of Glen PI's piling in here.
Extrader, not like you to be getting ahead of yourself lol. That last post was almost rampy!
Anyway, what are people's **minimum** expectations for the news?
Personally (and I so hope I'm wrong) I'm expecting another dreary can-kicker with lots of fancy words and yet more studies and work programmes. This will be disastrous for sentiment in the share.
It's just that I've never experienced a really materially positive RNS from Zioc before despite holding for 5 years now. So i'm "conditioned" to be disappointed.
Go on Andrew, surprise me!!!
Live webcast starting in 5 mins. Link in RNS.
Depends on the nature of the news Sid.
There are, as you know, many different ways this could play out.
I've always said, my gut feeling is a Glencore buyout via share swap.
Btw, what happened to Minor minor?Used to like his posts, particularly the ones with numbers
Surely if bad news was due it'd have leaked out somewhere by now and the shorts would be selling again.
Wonder if Poker bought back in today?