The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
I have a feeling we won't get an update this week.
Last update doesn't say anything about the next update, just when the supposed distribution process will begin...
Annoyed at myself and HL for getting my hopes up this week when in fact they were just reading updates from a website, very unprofessional.
No problem 👍 not going to bother with the image uploading, hopefully you can already see the credibility.
My first message yesterday afternoon.
Hello,
I bought some shares in a company called Cloudtag (CTAG) several years ago and just checked the website and looks like a sale has been agreed and brokers have been notified to distribute funds.
Could you please confirm the payout is genuine and if you have had any contact with Cloudtag?
http://cloudtag.local/
Much appreciated,
They replied - https://ibb.co/jVTzb1f
I then replied this morning...
Hi,
Thanks for the reply, do you have an estimated time frame for when someone will reach out?
Thanks,
Final response - https://ibb.co/SrsW4W3
Stayed away from LSE for a while because of the constant childish antics but hopefully some finally positive news coming this week, been far too long coming. Good luck all 🤞
Sure thing...
https://ibb.co/jVTzb1f
https://ibb.co/SrsW4W3
Dear Mr X
Thanks for your message.
My colleagues obtained an update shortly after I contacted you this morning. There's to be two payments the first of which is due in four to five weeks but my colleagues are still due to contact you with further details.
Kind regards
X
Hargreaves Lansdown
Martin 10:08am - "Nothing more for me to say"
If only this were true lol
How long does everybody think?
BTW I'm not overly optimistic anything will happen but just curious what others think in terms of time frames.
How can an update with no date be 'very positive'?
Feel like we just keep going down the same rabbit hole of updates that seem great and wonderful when absolutely nothing has ever amounted from one.
Important couple of days where I'm hoping for a decent update with some concrete information on the buyer + payment dates (here's hoping...)
But I have a feeling the closer we get to the end of May the more likely we are to get another weak update and continue the process of can kicking.
Anyway popcorn out and good luck everyone!
'all the information relating to the financial settlement'
'including necessary documentation'
Do we have all the information or any documentation?
I'm not forming my opinion based on how others have interpretated the updates, I'm looking at what was clearly written on the website.
As I said, I think will actually still come good but I just feel like the previous two updates were a load of waffle that hasn't been followed through.
Whilst today's update might look good in isolation, have we forgotten what was mentioned in the previous two updates?
30th March
The Company understands that the announcement for its DaaP sale will be made by the 5th of May 2023.
Have we had an announcement from the seller?
4th May
The Company will publish all the information relating to the financial settlement process including necessary documentation by 16th May 2023.
This was not included in today's update...
Whilst I don't think this is dead and buried (actually think we will get there in the end) I just wish people would stop blindly treating these updates as 'amazing' because not one has been followed through on yet 0/2.
Just need some actual information rather than some website waffle.