The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
I'm with II and mine's gone too! Presumably reappear Friday on payday.
Yes, but only on a temporary basis. The nav has tumbled and the divi reset at 6% of that at end of December.
We seem to have entered a perfect storm of indiscriminate selling and pharmas being particularly badly affected. Although I'm sure this is dirt cheap it doesn't mean it can't fall further. I'm watching carefully with my finger hovering over the buy button.
I've topped up today (showing as a sell). No nasties expected with results soon. From the current business model this is heavily undervalued (£9mill m/c). Expect a strong recovery from here.
There is a pattern of periodic spiking. Why do people pay top dollar when it will inevitably fall back (as happened again).?
This is a great little company but should be accumulated when there is no interest and nothing happening. Yesterdays news is highly significant and should boost the NAV greatly this year. I'm in at 8p and would add if we see c10p again
I rang InvestorMeetCompany who they use but they hadn't heard from PTRO. Their broker wont talk to retail investors. It needs addressing.
Mr T. When I said dormant I meant that it hadn't produced any revenue or profit. Am I mistaken in that? Pretty much the same as every other constituent of the Bzt portfolio. Eureka goes way back and they haven't been able to sell or JV this project either. This is like dozens of other small exploration companies that only exist to benefit the directors. An sp decline of 99.99% in 10 years says it all.
I think this was a dormant subsidiary when I invested 10 years ago. Nothing ever came of it.
I wonder if the directors are tempted to buy more now that we are out of the closed period. I suspect there is some cynicism towards this (like others in the same sector) because of high cash burn rates. Even so the sp is hugely undervaluing this company
I agree JTT. If the results exceed expectations the price will be immediately marked up. There's no chance to say "Oh Good, I'll buy some at 192p". Too late! Plenty of scope for a substantial rerating. Hope we're right-we'll see tomorrow.
This is a very efficient company and very profitable at todays gold price. I can see the divi edging up further this year and happy to hold these
Thanks for your comprehensive analysis JTT22. Looks a compelling case so I've taken a small holding today.
Generally not a good sign but there may be a simple explanation. I emailed the company 6 weeks ago but no reply. Rude and bad PR.
Interesting situation. Will M&S foodshoppers desert to cheaper options? Doubtful but I expect short term inflationary pressures to depress share price over next few months. There's still deep embedded value in this company. It's only valued at the food retail operations worth so Ocado, the online clothing and international businesses are in for virtually nothing. Hope to buy in sub 120p. at some point.
Yes, the spread certainly seems to concertina around. I know market manipulation is frustrating Thinker, but this only forms about 2% of my portfolio so I adopt a bit of a laid back attitude toward it. Happy to wait-bit like buying a Premium Bond but I fancy the chances of a return are better here. Another $1mill due in less than 3 months!
There's a lot of garbage in the mining/energy microcap sector. This isn't one of them. Consider
1. Virtually 50% discount to NAV.
2. No debt.
3.A broad spread of investments.
4. Income producing and profitable.
5 Management with a significant shareholding.
The portfolio could be liquidated fairly easily so it seems like a few of us are going to hang on for the endgame. Might buy some more today!
Things are still dire in Zim. I've got a Zimbabwean friend whose mother lives there. I'm at a loss to think why anyone would buy the Radar stake. It provides neither income nor influence. Zero chance of a moneyraise at this price. The free float is only a few hundred thousand pounds worth. The well conserved USD deposits in Mauritius underpin the sp but testing the market for asset disposal is the way to go imv.
Nothing new since report earlier in the month.
3.5 bagger? Not going to happen. These are illiquid Zimbabwean assets and will be hard to sell (especially Radar stake). They have looked after the cash in Mauritius though. I suspect the sp wont budge much over the coming months. Hope I'm wrong.
This is a penny stock in every sense Thinker. We seem to be in a lull at the moment (pre interims) but assuming ASDT can make its due payments this year interest will return. A huge opportunity at 9.5p.
Interesting to see what interest/offers BP gets for its 200mill barrel Foinaven field.