The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
I’m so far down on VAL I had completely written it off (96% down). My break even price is £1.35! Got totally screwed with dilution. Would be a miracle if I actually got even half my money back but here’s hoping. GLA!
Anyone got the closing price?
Well, my small £1500 investment here is currently worth £30. So fair to say, I’m holding for a while longer. The company has been a catastrophe for me.
Having been in SAR since 2009 and seen so many ups and downs and rises like this, it definitely feels different this time. Between this and MWG, it finally feels like years of faith may be about to pay off :-)
Was able to sell some just now at 0.62p. I had managed to average down to 0.5 having been in SAR since 2009. Having seen red for so long, just wanted to take a bit of profit. But still believe as strongly as ever of this multi-bag potential from here. But with other shares prices hitting the floor, too good an opportunity to take some SAR profit and invest in other recovery plays. GLA!
“profoundly undervalued”.
That sounds about right. Woodford has backed this horse for a long, long time but good to see his faith in its potential stronger than ever.
Solid start to the day. I have this in both my kids junior ISAs. I accept the risk but the upside is greater than any other share I own.
Anyone got the closing sp?
Just bought a few more here. There are assets in the Group, admittedly debt too! This may well go bust but it’s worth a gamble as any type of recovery (even a debt for equity swap) will see a multi-bagger from here. But I’m OK if it all disappears!
Great news. Another step along the way to unlocking real value from SUMM assets
Has this really dropped 10% today or is it just the gap between bid and ask has widened? At least VAL is cheering me up today....
Summit over 10% up at the moment. News going down well stateside.
Stroke data great. About time the market started waking up to this!
Hideous things happening to us stateside this evening. SP could get battered here tomorrow. But I’ve held for years and this sits in my kids ISA too. So I’m here for the long term and I can live with monthly ups and downs - as with all small pharmas this will be boom or bust, so if you’re in, patience is the only option as I see it.
I hold SAR and SUMM (good last week for both!) but this feels like the most undervalued share I own. More positive data and a market cap still only at the level of cash we have in the bank. I get its still high risk and longer term - I won't put the mortgage on it but have some of the kids junior ISA on it.
Should be a good day for the SP :-)
Another good day on the other side of the pond. Another 5% rise, over $14.60.
And now up nearly 100% since then!
Agreed. Pinning my hopes on this and SAR to secure early retirement! Have lumps of this in the kids Junior ISA too.
Up another 5% in the US