The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
So, £21bn profit from Tesla share sales!...how about a special SMT dividend for share holders? One of my other investment company holdings (Braveheart) did a 100%+ special div on back of recent capital gains and still left plenty over for reinvestment. 50p a share from SMT would be less than 5% per share....c'mon James /Tom, belated Christmas present?!... Tesco are paying a 20% spec div too...!
https://www.msn.com/en-gb/money/news/tesla-investment-reaps-dollar29bn-profit-for-edinburgh-fund/ar-BB1d39v1
I use Interactive investor. It's possibly the most cost effective (if you have funds and shares) as it's fixed fees.(e.g £4 a trade with 2 free trades a month for £20 a month plan) and platform is stable and user friendly. I also use AJ bell but ii platform is better IMO. HL portfolio display was definetely the best but not worth £12 a trade!
The alternative was company going under so raising £5m will definetely keep the lights on..i have reinvested small amount as may be chance to recoup some losses over next few weeks
RNS this am. Looks like potential resurrection.
Microsaic, the high technology company which develops point-of-need mass spectrometers, designed to improve the efficiency of chemical and biological workflows, announces that it has through Turner Pope Investments (TPI) Ltd ("Turner Pope") conditionally raised £5 million, before expenses, by way of an oversubscribed placing ("Placing") of 5,000,000,000 new Ordinary Shares ("Placing Shares") at a price of 0.1 pence per New Ordinary Share ("Placing Price"). A Conditional Broker Option granted to Turner Pope of up to 500,000,000 New Ordinary Shares ("Broker Option Shares") at a price of 0.1 pence per New Ordinary Share is open until 5.00 p.m. on 22 January 2021.
It is intended that Gerard Brandon will join the Board as Non-executive Chairman and Dr Nigel Burton will join the Board as a Non-executive Director, in each case immediately upon completion of the proposed Placing, at which time the current Non-executive Chairman, Peter Grant and Non-executive Director, Eric Yeatman, will also step down from the Board. Eric Yeatman will be retained as a consultant to the Company.
The Transaction is, amongst other things, conditional upon each of the Resolutions being passed at the forthcoming General Meeting and includes:
-- a Placing with certain institutional and other investors, to raise £5.0 million before expenses through the issue of 5,000,000,000 New Ordinary Shares at the Placing Price of 0.1 pence per New Ordinary Share.
-- the Placing Price is at a discount of approximately 50 per cent. to the closing middle market price of 0.2 pence per Existing Ordinary Share on 15 January 2021, being the latest practicable date prior to the publication of this announcement;
-- a Broker Option whereby the Broker, Turner Pope may conditionally allocate up to 500,000,000 New Ordinary Shares (in addition to the Placing Shares) (the "Broker Option Shares") at the Placing Price in order to give the flexibility to meet any additional demand for New Ordinary Shares arising during the period from the announcement of the Transaction up to 5.00 p.m. on 22 January 2021;
-- the issuance of the Fees Shares, whereby (i) 35,000,000 New Ordinary Shares are to be issued at the Placing Price in respect of the first year of fees due to Turner Pope for the provision of its broking services to the Company and (ii) 85,000,000 New Ordinary Shares are to be issued at the Placing Price in settlement of the first year's fees of the Proposed Directors;
-- the issuance of Broker Warrants, whereby transferable warrants are to be issued to JIM Nominees Limited (as nominee on behalf of Turner Pope) for up to 997,000,000 New Ordinary Shares, equivalent to 20 per cent. of the Placing Shares issued to non-director placees, exercisable at the Placing Price for two years from Admission, as part of the consideration payable to Turner Pope for its services as placing agent to the Transactio
Definetely agree thst it makes no sense to me why (and if ) OTT actually own 5,735,555,554 they will just be losing money now like the rest of us if share price plummets and Icon fail. What are they gaining by that happening? Does anyone know? If not, there must be something else going on here. Icon board have proved they are turning things around and making solid progress.
A sustained rise now for last few days could be a good sign. Many green tech companies have been getting some lovin' over last 2 to 3 weeks. Green agenda will be massive over next decade and with XSG's pioneering technology, the share price has a long way to go IMO. GLA.
You would be far more gutted if you had sold early and it continued to rise. I did that with ZOE. Sold at 12.5 p (after a 50% rise). Now it's trading at 70p+! Share price moving ftom 3p to 2p is nothing material when, as others have pointed out, am certain this time next year we'lll be trading at 10x these values at least. Hold long for the ride...dyor.
I bought a small holding (circa 250k of shares at 1.1p) for my wife who was foolish enough to trust me with her LISA funds very recently (only 20k to play with). Quite nice to tell her she's 50% up on ARK......so far...!
Was just thinking about Curzon today too! Perhaps taking time in getting all ducks completely lined up before announcing the completed deal?...we can hope!
I sold out today (reluctantly!) as needed funds elsewhere. 100% profit but on a very small investment amount so not worth holding for long term unfortunately. Genuinely believe this will hit all time highs in next 18 to 24 months though (if not taken over beforehand!). GLA!
@Phimx - thanks for your reply, appreciated. Looked through some of your previous posts and no doubt you are well researched with some fair opinions based on the long history and lack of progress from INSP to date. May be an obvious question but, are you invested? And also, your portfolio comments show no other companies you comment on, assume you have other green stocks though? It seems INSP gets your full attention!
Looking to invest here (am already in EQT, VLS, AEG and SAE within my "green portfolio" area!). It seems INSP has potential ground breaking technology and have undertaken tentative route to market steps. Have read through some of the chat here (many seem disullusioned after years of waiting (understanable!)) but others are more positive. I would be an LTH and ask myself where share price could be in 5 to 10 years. AEG rocketed on first transformational deal for their coalswitch tech so I am Interested in any genuine investors thoughts on where they see INSP in the long term if green tech deals are forthcoming and what likelihood of deals is? Thanks