The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
I have to say I agree TMT. There may well be further shenanigans on Mon / Tues, the truth is none of us can really predict what the MMs (and presumably their algorithms included here..is it a person or a program making decisions?) or other large buyers or seller's are going to do. It is as you say a volatile period, but one that I first beleive will pass and we will continue to rise overall. I am a little concerned about the amount of dare I say ramping about the upcoming scally results by many on here. Yes there is a potential upside that may be somewhere between small and humongous but in truth we just don't know. PaddySat has shown us they are drilling here and there but are they finding anything or are they not finding and then looking elsewhere? Scally or no Scally I still think this is a hold and won't b e selling whatever goes on in the short term or before we hear the MRE which I certainly think we can be more confident about.
Jambo - yes, they were added Q3 2019, seemed to fall off a cliff at end of Jan 2020 after climbing nicely and then being suspended. They won't get them all right, but certainly if you look at a spread across their additions for 6-9 months after addition, the return looks be a good one but a lot more research needed before committing. In any case , they're not getting any of my GGP moolah any time soon though, have full faith here with or without Scally coming up trumps ;)
Apologies if something similar has been posted before but I don't have time to read all messages / threads. I just spent the last half hour going through the charts of all the companies that GDXJ added in Q1 and Q2 of this year. There seemed to be no common pattern really, some dipped markedly leading up to the start, others climbed, and the same in the 1-3 weeks afterwards, some dipped, some climbed. Was was apparent though was that EVERY SINGLE ONE OF THEM has grown markedly in the 6/9 months since. A few by 50 - 70%% or so, but many by 100% or far greater. That kind of track record by GDXJ should give any doubters on here reassurance to sit on their hands. These guys know a winner when they see it...that's why we're in there. It also made me think that if and when I do finally sell a significant chunk of my holdings, I could do a lot worse than mirror the additions and deletions of GDXJ and spread some of the money around those companies.
Looking at previous rebalances the changes take effective at MOC a week after the announcement, which will be close of trading tomorrow - presumably LSE closing time? So to me (and I am no expert so please forgive if I have this wrong) this means that is when GGP will be officially added to the list so buying from GDXJ will start on Monday ..or am I missing Something?
From investopedia:
- A Market-On-Close (MOC) order is a non-limit market order that is executed at or after the closing of a stock exchange.
- Traders generally would place a MOC order in anticipation of a stock's movement the next day.
- A surge of MOC orders can create trade imbalances at the end of the trading day.
Looking at previous rebalances the changes will take effective at MOC a week after the announcement, which will be close of trading tomorrow - presumably LSE closing time? From investopedia:
KEY TAKEAWAYS
- A Market-On-Close (MOC) order is a non-limit market order that is executed at or after the closing of a stock exchange.
- Traders generally would place a MOC order in anticipation of a stock's movement the next day.
- A surge of MOC orders can create trade imbalances at the end of the trading day.
The list hasn't been updated as yet - none of the additions are on and the deletions are still showing. I think that is because last Friday was just the announcement of what they will be doing this coming Friday forward albeit at US timings again.
My apologies Tig. My post was meant in the best intentions but I am also sorry that you thought it necessary to denigrate me for trying to help because I couldn't read between the lines of your message.
Hi Glyn, If you haven't done so already it's worth reading the RNS's back to a year or so and studying them. There can often be some good information in them as to future plans etc. Other good sources are watching interviews with GH etc. Just stick his name into Youtube and use the filter to sort them by date.
I think the important thing for a lot of us here, who have, or are in the process of making some "once in a lifetime" gains, is what you do with that profit after you've sold GGP. I for one will be looking to put the lions share into some lower return, more secure investments as I am pretty sure I have been unbelievably lucky here and am unlikely to find that kind of luck again.
I set an original target of 18.5p when we were back at 12.0p. Sold 10% at about 21.5 this morning puts some good profit in the bank (my average is below 1p). The only risk I can really see going forward is Scally not hitting anything, in which case we could see a small tumble, but I am confident this will then be recovered leading up to and post MRE.
I've been in since way sub 1p in fact most of my shares were bought in the region of 0.17. I guess it was a gamble but I had been following a couple of posters on other boards and come to hold them in decent regard. I saw they were also posting in this GGP company and so started to follow that board and look in to the company in more detail. TBH I liked the interviews GH gave and combined with a few days intensive research, that have me a lot of confidence so I stuck 4k in. I then unbelievably sold it all when it was 2p in Nov 2017 and in a moment of clarity thought what the F*** have I done and bought it all back witnin minutes! I have bought a few more since and sliced 4k off a couple of weeks ago to use in some other minor explorers. So...all in all a combination of luck with timing, trust, real in depth a**l level research...and more luck!