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 gonna stick my neck out and say that this still looks a bit bearish, short-term. Still looking for a nice low entry point. btw, not referring to barchart (although it doesn't look good either). No; using my riddler skills by looking at bollies and SMA and RSI/Macd stuff on iii. Also, I have a sneaking suspicion that Mr. 20p-sell might not have left the building. Obviously anything under 30p is good and I'll probably miss out by being too greedy/hopeful of lower entry. GLA
big sell at 20p which was well below the bid. Could well be the same guy as last week (also at 20p). Hopefully (for those already in) he just had to sell, and he's all finished now, but he may have more to offload. Complete speculation on my part.
thanks for your answer. I've been in this stock for so long that i had forgotten why I bought in the first place. And I hate like hell to sell at a loss (in at 2.57p) so I think I'll do a bit of research to remind myself.... ...well, 45 minutes and now I remember. I put some of my RIFT profits in here because I thought LNG was a good place to be for the future. Things I like: Edison have a target of 7.5p (fully diluted - important that, don't want to look foolish again; like I did with ANGM this week!). Good partnership with Afren. So apparently they have a fairly hefty cash-burn and will more than likely have to raise more cash - probably from AFR - but they should be able to do this. There seems to be some risk associated with the new off-shore barges for collecting and liquifying the gas as it's kinda unproven technology. Although I don't think that's much of a worry. My thoughts are beginning to turn round to the fact that this is a good share to be in but that perhaps we could leave it for a while and maybe come back later; perhaps even in six months. They don't expect production before 2014. I know that makes me look like a quick-buck-type day trader (which I defininitely am not usually) and you probably despise me now (LOL) so I'd really like your thoughts. I always appreciate your posts both here and on iii so feel free to tell me off if I need to be! PS I was actually very drunk when I wrote last night's post. Sorry!
thanks for that; Only a bit annoyed because I was thinking of selling at a nice profit at 3p to reinvest elsewhere but I guess I'll have to hold on for a bit now; No biggie; Still like this share; just think i can do better alsewhere. Ready to be convinced otherwise though (or is that the wine talking - it is Friday night, after all -and the wife's beginning to look at me. Not that way!! Right, signing off!
thanks for that early bird As I said before, reading balance sheets and the like isn't my forte (although I'm trying) but it does seem to me that HRCO doesn't have a debt problem. Do you agree? And I know we're both waiting for a lower entry point but this had been faairly stable around the 150 mark for around a month; I know we're supposed to wait for the signal to go one way or the other but can we really see it going south? Well, the only fly in the ointment for me is present market situation due to yesterday's Obama/Dow Jones decline shenanigans. Or amybe that means today will be a good buying opportinity.
this is from 7 December but it hasn't been posted before as goes some wat to explaining the low NAV http://www.ft.com/cms/s/0/c64fda90-e35b-11de-8d36-00144feab49a.html
yeah, I always get too greedy when I see a price drift down. And most of the time it becomes another "one that got away". But if I can get anything below 25p tomorrow, I'll go for it. The funds I had available today went into AST which I just noticed you bought as well. I thought there's more of a probability of news coming out with that one. But PIM is one my list for tomorrow. Probably have to sell LAM to buy them.
I said I would buy in sub 26 and we might even be there now, but looking at the charts, with my half-trained eye, it looks like it's saying wait. the three-month bollinger has gone beneath the lower line (and the bollys are sloping downward which i think is also negative). I also don't like the look of the 9-day SMA on the 3 month SMA. The RSI and Stochs also don't inspire confidence at the moment. Hopefully Riddler can confirm my musings tonight. Obviously like this company - just looking for the best entry point
I have to say I'm a bit in two minds. I read through 60-odd pages here on LSE and everything on iii. Zoopython made some good points and I liked Petertee's point that the refinancing is expensive and they work on very low margins. Alright Sinclair put £4m of his own money in but he's doing it at 7%. Those margins must indeed be tight since a delay in the Folkestone project turned a growing profit into a big loss. But, we're at a historically very low price and there's that NAV. While that's not everything, it ain't nothing! I did the same humming and hawing over MNR last year at 6p; They weren't dissimilar, with a big NAV but debt worries and in the end I didn't take the risk. Don't know what they are now. I stopped looking when they went into the thirties. Just checked - now they're 70!! So, it's the old story of more risk vs. more gain. I guess I'll just have to mull it over a little more; Thanks for all your help and advice though.