The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
Alex on the Telegram group discovered today a Russian government doc that suggests the WK flanks may have been transferred over. If so, this would not be the first time the BoD have been forced to issue an RNS on the back of the Telegram group's research. That RNS could be tonight.
Everything you say is historical, with no acknowledgement of the future value. I have to ask - is your entire investment strategy based purely on historical performance with an intentional disregard of future prospects? If so, I genuinely think a high street savings account is your level.
Its caused by fluctuations in g force; turbulence, tight turns or pull ups, sudden drops in sink, etc. Many here recently have complained of frustration, boredom, fear, etc. Not surprised - the market has had us in a bit of a washing machine ride recently. And some are getting a bit queezy.
But that's all fine. Because this is the turbulence before the monster core of lift were heading into.
This will be the stonker that gets you to cloudbase, into cloudsuck, bumping your head on restricted airspace and giving you a final glide home where you still have to pull the brakes out to get down.
Articles will appear in S&G for years talking about this flight.
They may have priced in the fact there will be a sale, but no way have they priced it on the full sale price. They can't. Its not only unknown, it is also a moving target as assets are proved up and added to.
I don't think it's going to work. The MMs are getting wise to EUA's factless RNSs; they only ever indicate a further delay before the next RNS and so opportunity to drop the SP a little longer.
Reason to celebrate will be here alright, but not for a while yet.
The timing of the transfer of the license is one of the fews steps on the critical path that is totally out of the BoD's control, hence no need and no predicted date. They don't know when it's coming. But it's coming.
If you had a fiver, you could buy a cake. Then all you can do is eat the cake, or sell it for a fiver, if you're lucky.
If you had a pound coin, you could keep hold of it and never spend it.
You could spend that pound coin on enough flour, eggs, sugar and butter to make a cake. Then you'd have a pound worth of ingredients, that you could then sell for a pound, if you're lucky.
If you keep the ingredients you can make a cake. Once it is all mixed up and in the oven, you'll never get even your pound back. Who wants a half - baked cake? You could argue you've wasted your pound.
Then you let your pound's worth of cake mix to finish baking. You get a fine cake. You can then sell that cake for a fiver, having only spent a pound on its ingredients.
So no - you haven't lost your investment just because EUA had not yet sold, even if the share price is currently far below what you paid. The oven timer will go ping shortly, so just leave the oven door closed until the ping or else you'll just end up with a worthless half - baked cake.
The current p/e ratio of 250 would suggest their share price is all in perceived future value, and not reflective of current revenue. I also think it is a Ponzi scheme destined to crash.
When have they kicked the can down the road? I don't remember them ever missing any of their own deadlines. Mainly because they rarely set any, but even when they did (e.g. 2 weeks for the mining plan) they hit it.
It means the board of directors personally own 50% of the shares in the company, so it very much in their own personal interests to get the best deal possible for shareholders. This is critical on AIM; look at the likes of David Budd at Genedrive for example. He's apparently on £400k a year salary, but holds only about £50k worth of shares, so his interest is very much in keeping the cashflow rolling in for his salary and bonus, even to the detriment of the shareholders, typically via sub-market price placings that massively dilute the shareholders but give his balance sheet a glossier look.