The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
It is what it is .. value has no meaning when the hedgies are at play - they want people to fold at a loss. 24p buy cleared at 25.2 late in the after noon ... next buy 23.8p keeping shares to get average down.
GLA.
Wait for the share to go into auction on the downside .. as the likely clue for the day's low. Hedge funds are crawling all around this share IMO.
I might get the £100 m on leverage from CMC .... ;)
Quite … the same scenario was true of Seplat over the Exxon mobile deal that the privatised state company blocked wanting the Exxon assets for themselves they could have bought Seplat out for less than the Exxon mobile price tag.
If only a bank would lend me £200 million ….. ;)
Broker recommendations exist to promote trade or facilitate the "market" .... the broker values IMO are rather meaningless but the direction of Broker recommendations meaningful in the sense that they give a picture to background positions of the brokers.
ARQIVA LIMITED
Company number 02487597
Results on Company House .... Operating Profit nearly doubled 2022/2023 .... all very Bizarre.
The additional risk here … is the fund winding down, and those still holding from the IPO, litigating management that seems a can of worms going forwards. There are assets here, the investment case has presumably not gone away, so as others note, assets were possibly bought at elevated prices, to be sold perhaps at discounted prices, that seems bizarre.
How would pulling the dividend for a year and replacing the management team, or passing the fund itself to another asset managing team fare in terms of maximising shareholder value.
As it stands, simply stating “maximising shareholder value” going forwards is pretty meaningless given the destruction if shareholder value this past year.
Options need to be laid out clearly, in the update for shareholders to make an informed decision, but I’m not hopeful. That said, my average here is about 27p … so not sitting on huge losses with a possibility of good upsides.
"EDF Selected to Optimise 80MW BESS Asset for Gore Street Energy Storage Fund" ...... 60p target is my prediction ... started to buy in at 70p.
Bear raid .... but underlying message seems to be in terms of BESS .... the UK in taking back control doesn't know the difference between the part of its anatomy that it sits on, from the other part resting on the table looking onwards with face held on clasped hands into the abyss. GLA. ;)
Took 209 this morning for a bunch … currently averaging 10p below NAV to looking for 203p re-entry. We will see.
Can you imagine the difficult time the interviewer had at school?
"GCP offers a substantial double digit return this year imo." ... This year or next year ... Agreed.
Jeremy Hunt seems to have forgotten the effect of 23/6/2016 on the Lloyds shareprice.
I’m still waiting for 65p.
10% yield near enough, capital gain from 70p to 90p on the cards, what's the hurry?
Fair enough …. As I said I stepped sideways … 2p of yesterday’s fall would have been my sales. The 75% of fund managers claim beating benchmarks is a little optimistic in my view … along with the measurement criteria. Most UK PMI funds have difficulties beating the FTSE350 over a 5 year period … and what really worried me were claims of “no benchmark” so we compared with FTSE350 and underperformed … not what I’d expect from a professional organisation, so I’ve taken a small hit in sidestepping but I like to sleep at night. GLA holders.
I’ve stepped sideways here … the share has fallen in line with others in the sector … but doesn’t have the trading liquidity I like … and having worked through the appraisal of each PMI fund … I’m not too impressed.
The short term concern going forwards is write downs that have hit shareprice of Jupiter and Liontrust so those numbers are factored into their share-prices, while the cut in dividends here is not reflective of a strong business albeit a growing company.
"UK life expectancy falls to 2010 levels" .... Since 1991-2020 ... on average 26,000 more UK deaths each year under Tory than Labour with a low in 2010 .... and deaths increasing each year post 2010 as NHS funding declined.
Vote Labour Live Longer.
Good to see CAML up the exploration efforts .... possibilities of a new discovery will make shorts nervous .... GLA.
Active managers to be active and do what they are paid to do … too many managers fail to beat their benchmarks.