The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
don't know if you're still here but i thought I'd tell you why this is going up. Well, obviously it's because I finally got fed up waiting and I sold last week at 137p so expect a continued rise into the stratosphere with this one now. Still, can't complain really. With the money I bought EMED and I've already recovered the loss I made on this. GL if you're still here
Yeah, but what does all that really mean? It might as well be written in Greenlandish
Is this the important bit? Resolutions will be proposed at the General Meeting to increase the share capital of the Company from GBP10,000,000 to GBP20,000,001 by the creation of 1,000,000,000 new Ordinary Shares and the B Share and to amend the Company's articles of association to set out the rights attaching to the B Share. No application will be made for the B Share to be admitted to trading on AIM. Anyone had a chance to analyse this mammoth rns. Have to admit, a lot of it is a little too complicated for me.
Hadn't seen it either. Nice one
lucullus just posted this on iii. I think he's taking a lot of sense but would be interested to hear your wise old head's thoughts. People are getting out before the results on the 6th of August. I have put forward just this scenario for the last 6 months. The company will be flat broke in the first three months of next year. So they will need extra cash sorted before Xmas in mind or there will be a mass exodus for the door. There is two ways to raise the cash. 1) they sell distribution rights 2) They do a RI or Placement(more likely) The lower the price goes the less favourable any cash raising will be for existing holders. At 1.7p the company is worth about £14mill. They are burning about £0.4 mill a month. I suggest they are down to last £3 mill. FDA approval is 18 months away. To get across the line they are going to need another £8-£10mill. Now to get 8-10mill for distribution rights to a product 18 months away from FDA approval, and the company you are buying them from has no prospect of supporting itself seems unrealistic to me. The second scenario is realistic. There is a placement where a number of the II pump in cash. How this is handled could destroy the existing shareholder value. The only hope for existing holders is the CEO etc have put up there own cash and will probably be looking to protect its value. Sell now because you will be able to BUY at lower prices soon. By Lucullus
Well, I'm fast becoming another acolyte of your teachings. Your technicals page cleared away a lot of the cobwebs and I'm trying to use them more and more.
Thanks for the info guys. Hopefully there'll be a slight retrace today, maybe 105p, and I'll join you here as well (been in AGU for a few months).
Well, that might be due to the fact that they've really only been quoted since Jan 07. There was an RNS a couple of months ago about well, thinking about it. Anyone else see a downside before I invest the last of mt RIFT money
I've been researching this all morning but you (and others) have been following this for a lot longer so I wonder if you could confirm a few things for me. Why is this share underperforming so much. Ok, they say their recent interim loss was due to the falling Indian property market and a one-off charge relating to professional fees, but they have no debt (according to final results in december), an NAV of £6.71 and are even expected to be providing a dividend in the next few years. I also see that "technically speaking) we're due a jump if we get through 100p but I'm finding it hard to find the negative stuff about this company. What are the risks here? this as addressed to riddler but obviously, all opinions welcome
Why not spend this afternoon reading riddler's technicals over on the general chat of this website? I spent a Sunday learning about Bollinger bands, moving averages etc; and although i still couldn't predict the future (which is after all, what we're trying to do) it did help to get a feeling for trends. The Australian candlestick guy on youtube is also good. (I haven't finished his lessons). I always look at britishbulls as well - although only a fool would believe everything it says. Again, just helps for the overall "feeling". And you have to learn to sort the wheat from the chaff on these boards.
Well, I wish there was more out there, because he's made me a bloody fortune
Who was that guy?
maybe stoodio went on to premium chat. Does anyone know of anyone else who went over to the dark side?
Just read your answer which, funnily enough, I had just read on EML. So, I haven't missed the boat. Think I'll sell up OPE and move in here. Thanks for reply anyway Wee question. Where's stoodio these days?
I already have a large holding in EML and was wondering if you think RAB are still undervalued as well. I imagine you bought these at a much lower price so, are they still good value? I know their previous highs are far in advance of current price but they have their fingers in a lot of pies so there could be many reasons for this drop. So, would you buy at this price or have I missed the boat again?
Possible break out tomorrow!! Good luck
Same here regarding PMK. Hopefully (for us) it'll retrace. I'm not having much luck with this market at the moment. If I buy, it keeps falling, and if I wait, it jumps up. I've been in here since February, waiting very patiently for the big play. My average is quite high - 6.1p so I'm hoping for more than 8 or 9p.