The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
If VELA has taught us anything that is nothing is a certainty! If the merger doesn't pass the vote thats another £400k hole to fill. You would like to think if it does though we should see some uplift here and CIZ.
Very broadly speaking (I used to be able to have a better idea of our investment value but since the BoD decided to stop notifying us of any disposals it is far more guess work) we have broadly £2.6 value in live investments plus the non current investments of SGSC (£2.35m) and Aeristech (£350k) giving us an investment value of around £5.3m which when added to the cash in the bank (0!) we should be around 0.032 but we are currently valued at around £3.1M. If the merger comes off and we have the £4m in shares the SP should be around 0.04. It may be that investors want the certainty of the merger before investing which is fair enough given how long this investment has taken to hopefully see a return.
I think Andy is getting at the fact MODE have changed the name and its up....
I know its in jest but when you look at MODE which is one of VELAs biggest losers and people are still happy to invest in it with literally no fundamentals or news but won't invest here with the fundamentals and potential Option exercised says a lot really.
Yeah completely agree Dave. If everything goes to plan and the merger goes ahead and we end up exercising the PUT option (reminder the board don't have to exercise it should they not want to), I would like to see us maybe sell £1m worth of shares which enables them to have working capital as well as funds to put into pre IPO companies. Would like to see Aeristech doing something soon as well!