The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
5.00am sell of 230,000 on level II has been putting a ceiling on prices … seen this hedge fund do damage with Seplat and other UK stocks using HFT tactics …. This share is a game of poker … Rechecking I got 25.2p yesterday morning on the ISA for a small amount … remember they want your money and you want theirs ….
If it was me running this business, I’d have a roll over loan in place pending a drop in interest rates given the election on the way.
What’s the hurry … the amount required is small relatively spwaking.
" This is not a share to day trade" ... maybe a buy and hold now .... but I was buying 17-19 and selling 18-20 for a few weeks.... although was somewhat stunned by the intraday drop to 14por so ...... such is the market.
" or will be satisfied shortly before completion of the verne transaction.‘"
the management are presumably trying to say that the deal is not over until its signed .... but what a ********" way to make the statement .... and that's the problem .... the deals themselves bought by dgi9 seemed good value .... but to get caught out by interest rates rising is poor.
Hedge funds … with a share like this it’s a game of bluff … value is meaningless IMO … took 23.5p at open got 24.5p after auction .. could go back down to 20p or up to 30p … the big players know … we RIs do not.
I reckon myself arqiva will IPO … as was intended in 2017 … delayed by Brexit uncertainty, but will take a while to complete … but will likely reward holders going forwards.
“ Although, at this stage, the Change of Control Consent is still conditional, the Company is confident that all conditions which will need to be met have either already been satisfied or will be satisfied shortly before completion of the Verne Transaction.‘
Errr so what more is needed? Jesus wept these “managers” are idiots.
Indeed so … wonder what the gap up will be - minus 10% given the current UK market? …;)
Sold my NGSP this morning ... US gas is on a short squeeze ... time for the shorts to return money to longs .... on NESF ...
GLA
If a placing does take place, the share will drift towards the placing price so a chance to top up … it’s not the end of the world. Dividend at 20% means a placing at 10p would still ge an excellent return.
Recollect the spike last July to 85p … took some profits looking for 90p … didn’t get back into black until November … average down to 63p taking some off today … hard work … still looking for 90p.
Sepl is indeed doing doing well .... but fund managers in the UK not ... I've taken a hit on a couple .... such is life.....
With these guys ... one has to go to the individual funds offered, track their cumulative performance and stay clear of the weak ones .... the old fund manager model is dead as far as I can see .... many underperform ... and the wider market is picking this up.
Be careful about interpreting buys as sells Trek … the MMs are using Level II to try to spoof investors … Recently I’ve been getting orders through the books that pay little attention to LII pricing …. Almost not worth paying the extra for the facility IMO
Forward electricity prices are reverting back to pre pandemic levels while US gas is down at 20 year lows after the Ukraine spike … US are cutting gas production hence the mini rally this past week, while spring and autumn lows are not uncommon as people switch from heating to air conditioning …. While the UK market itself is weak reflecting the economy with higher for longer interest rates hence the sell off in this sector the last two months.
Probably some additional nerves about a Labour government at what it has in mind for the energy sector …
… energy storage in the UK is a take back control basket case so lots of ill wind blowing against NESF hence the 94p-73p sell off these past two months in the sector.
SEIT led the way early january … but has now recovered … I expect the same here … with a current average of 80p against 105p last year and a tad over 10% yield suits me fine.
GLA
Longer term investors are already “loosers” and given potential losses the annual ISA contribution the least concern. While anyone holding DGI9 looking for a quick buck takes their risk - as now clearly highlighted in yesterday’s RNS.
In my view, the DGI9 share should have been suspended the moment the decision to wind down was made pending confirmation by shareholders - don’t really give a dam about sideline issues ….
I bought back more yesterday, revenues look fine, interest rates look like they will fall, I expect hedge funds to be dipping their hands into their pockets to buy me out.
GLA.
The “company” also stated today it will look to add short term debt if needed assuming I read correctly.
All that will happen is that ISA holdings will move to trading accounts …
The difficulty with CAML is a lacking in growth with 15 years or so of life left out of current assets as far as I can gather. Too much time between the takeover and Sasa and new acquisitions, where exploration should have started much earlier - but my guess is that the bet was to match Sasa with another deal over the past 5 years. Not happened and now two such deals are needed to replace existing production going forwards.
On the plus side, in 10 years CAML could have $360 Million in the bank having returned 200p to shareholders with 5 years or so to decommission and sell off machinery .... as well as having some returns from solar power to the locals.
So the share seems more like a bond is it stands now.
Anyone disagree?
On the plus side, however, cash rich and getting richer. Let's be conservative with 15p divi and 15p stored in the bank each year - makes 30p so current holders will have value equating to the current share price in a tad over 5 years from now in terms of divis and cash stored in the bank assuming current trend continues ...
HL. Is down … one of those sell on the news declines IMO.
More likely results have been mooted under the table… in my view … week to go shorts buying back my view.