The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
Ok baits I will explain it to you.
This is meant to be the best thing since sliced bread. Cusp of greatness. We were led to believe they had everything funded (quote Tids a third of the cost). We have raised many times I for allegedly the same thing. Where is this money going? Simple question. I had far more respect for them if they were just honest. Also EVERY time we expect good fortune, they manage to stick a grenade in. £3m on the brink of self funding doesnt exactly inspire. Of course this is all a front - I doubt they will do anything with it (lots of work) but the question is why arent they concentrating on Brockham now? They have 3 sites which they struggle with, dont need or want a 4th yet... Everything should be on their major asset - looking at other things is frankly laughable and again reminder that they dont have market understanding.
I am holding - but the bod have decimated my holdings in their actions ( trades gone bad). If they hadnt lied and simply did what was expected that wouldnt have happened.
Yes lots of trades but dont underestimate what bad timing yet another placement has done. They keep kicking holders. The lead up and behaviour of this latest placement has put my mindset that this is the same angs (I did suspect this with JTP - leopards and spots). Believe me no one will be happier at monster rates. However, the way this has played out is inexcusable to date.
Sorry old bean will clarify, demand not there over the selling. You need the herd to overcome the shortfall for price to go up. There are a lot of share overhang, though I would expect some not to be shorting and want a profit (so sell at 5p, which is 25 percent profit). Anyone not accepting the risks is purely an idiot at this stage. But if you like the gamble, yes can see profit as well as a loss at this price. Hence why I am on fence till next move.
And yet I offer explanations and be told I have agendas. Nonsense. Those that have continually ramped without caution have lost money this year. Fact. I couldnt care less what people think about a simple fix being completed means - I wouldnt buy anymore than an rns saying JTP had successfully got to work on time. And he works, allegedly, from home. Id much rather be "wrong" and save money than "right" and be losing. Lets see what happens with the 70m shares that are now on market... if a lot of these shares have gone to one person, I should imagine they would set up a cfd short and sell down to make money on way down, then buy back on way up again. Only thing that makes sense as to what is going on. Demand simple isnt there at moment to move upwards and im not rich enough to move the price up. Remember Vonk saying about lidsey and expecting 700-1500 and we got 40... anything like that again is game over here. Permanently regardless of balcombe. But I am still hopeful of 1000 plus and a double fig share price. If anyone shows the impossible is possible, liverpool did that last night. Let us hope angs can emulate.
Yes point out facts to people. And yes I have told you what I am up to - buying more on flow news. I do find it amazing how many scummy people there are in shares. Very few have intelligence and integrity. Let us see what happens next. 50p by friday. Rockets. Trains. Yawn. Plebs.
Ok- but I still disagree. Its flow news that matters - I wont be buying on that news, so I wouldnt expect others. Oh and 300 bopd would be a disaster after all this time. I dont get out of bed for that. Roll on June.
What good news are you hoping for? Isolation should be expected? Alan said very simple or have I got that wrong?
Charts cant predict placement news
I dont need to disprove nonsense. People are stating "shorts closing" so where is the facts to prove it? Majority of people dont even understand the mechanics of shorting - they are talking about spreadbets a lot of the time. No trades are made in market. Ive said this umpteen times, and people still drop "shorts closing" . If you buy a lottery ticket, does this affect what numbers get drawn?
Same as people shouting about market codes being a sign. Total rubbish. Keep debate to reasoned facts, not simply making stuff up to fit agenda.
The most dangerous posters I have met are the ones you find out dont really understand the basics, just like to drop buzzwords. Not you I hasten to add, but I have met some who are simply clueless.
Its starting to sound boomy.
Other than time, I dont see any reasons to not invest. Of course if months pass and no deals, then thats a problem. But looks like blue skies.
Wow, even I think that sounds rampy!
There are no shorts closing that will affect price. Please provide evidence otherwise.
Erm?
More often than not it dips below placing 10-20percent is not whacky.
Feasible can see 3s. Sentiment is shot.
I agree with that.
But doesnt explain why placing now at rock bottom price. Smells desperate especially as brockham ops have been paid for many times over. I will cheer loudly if they do get over 1000 bopd, but given the history and latest placement being a repeat, would you trust them inbetween? Gamble certainly. I would also say that if brockham doesnt produce or a delay - its game over here.
Roll on end June for end game.
Why do you think I spend time trying to help people.
Yes 3s but I dont see 2s unless they have messed something up. Its a guessing game though, more about ball parks. I havent got a crystal ball though - neither has anyone else. The reason this is impossible for traders is they are still sending rns that most people cant see. Like I said, I assumed bad news, just not placing.
I cant remember last time we had good news
Well said charlie.
Baker, the ipo company is light years away. There is also a difference in investing now compared to 18 months ago. They have placed £5m in space of 3 months. For a current tin pot company and before "star wars" . If I had seen all this before and coming into this share new, I wouldnt be even writing here. And that for me, is a damn fine reason to wait.
One of the elementary rules in any investment is trust. And unfortunately I havent met one person that says that about the bod as a stand out feature. Plenty of fools though. Some on tops of hills.
I am sorry, but some have to be questioned here. What were they doing investing? You are blaming people in simply believing that the company was to extract oil. There have been lies - and I can back that - by the bod. Im sorry, I can not blame anyone for the lunacy that has gone on.
Difference now is some of us are checking everything. And as this latest stiffing, some of us saved money. I had thought you understood the faults were purely Angus. I didnt see Scc drilling wrong well.
How can anyone be fully confident in this? Seriously? No one can explain what they are doing. It is insane.
And that is a load more tosh. He put in 100k and has received more than that in wages. Hes also had a director loan wiped. Hes also gifted himself lots of shares.
Do some research and check it out. I wouldnt say he is aligned at all. When he told people he hadnt worked for 6 months, bot sure why he was still picking up a wage...
i know some have lost more than 100k in this share.
Well I know for a FACT he was on holiday when the coup was going on. They "work" from home.