The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
Oilbell - "It’s not going under "
It's showing all the signs - for sale sign, calling in KPMG, selling key assets, IIs abandoning ship etc etc
Many on here seem to be shouting "multi-bagger take-over bounce" so loudly they're in danger of drowning out the alarm bells.
Any day a suspension RNS could land pending liquidation but even then some will no doubt be calling it great news & certain multi-bagger by end of day.
In the meantime, which way is the SP going and why?
Surely any company eyeing the assets would simply wait for it to go under & then cherry pick from the receivers at bargain basement prices?
The RNS can be read positively or negatively.
Rightly or wrongly, is the Telegraph or a BB such as this more likely to influence market sentiment tomorrow???
People criticise those who sell at these prices but the truth is that anyone who has sold is in the best position as they can buy back their entire previous holding for less (or get more shares for the same money)... A 20% drop enables 25% more shares to be acquired so even those selling at 25p can make huge gains if it continues down to 20p and they then have a significantly enlarged holding through a subsequent rise.
Also anyone who has sold is protected from a dramatic fall on possible bad news.
Obviously catching the absolute bottom is a tough call, but chances are it will be possible to buy in again for less.
Each to their own I guess & GLA regardless.
Surely they wouldn't be looking to sell the business unless it was failing???
If there are no actual bids, what then happens to shareholders???
Or, more accurately
https://www.youtube.com/watch?v=9vSPNw-_k5k
Only 3.142% of people could get their head round that!
In fairness sellonnews, Starling has the backing of a billionaire businessman - hardly like for like???
If you are approved by the FCA to perform a controlled function (cf30) as you claim GG79, I would ask that you provide details so that I can make a formal complaint. I believe the investment advise you have provided to this board on MYSQ not to be based on fact and hence unreliable and misleading.
I assume it was not your intention to wilfully mislead people GG79, but I don't believe that anyone qualified to give investment advice would do so on a public bulletin-board.
"then it is truly unbelievable incompetence"
Couldn't make it up...
https://www.dbs.com/in/sme/cash/payment/dbs-tally-connected-banking.html
Yet another own goal.
Tally?
Really?
Goldbloc was a good brand - they clearly messed up & couldn't use it.
So what exactly was the deal with The Real Asset Co apart from making a mate very wealthy?
All seems very ad-hoc, poorly planned and unprofessional.
Just look at the new website - knocked together by a teenager using a template in an afternoon?
On the upside today's newsflow is at least the first time CP has been true to his word (even if the quality of that news is up for debate)
Genuinely wish all holders well, but nothing to date instils confidence imho.
Recently posted by graham-wales on the MYSQ bb:
"Work on the principle it’s a dead duck then if it comes out if suspension you will have a very nice surprise and if it doesn’t then you won’t have such a shock"
Seem like wise words and (if you substitute "comes out if suspension" for "relists") perhaps applicable here???
GLA
What's with the new ID - why don't you post under your usual username, or is that one just for ramps?!
;-)
I am not intimidated by your personal abuse and will continue to post when and where I choose.
I suspect the genuinely 'clued up investors' are those reducing their positions as per the avalanche of recent holdings rns notifications.
You are clearly very hostile to any contrary view and I sincerely hope this does not cloud you judgement to your cost.