The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
40k for a day trade?!
The only time you need to worry is if you are someone trying to mug others or an idiot and are to learn on mistakes youve made. You arent either are you baits? Investors should heed warnings - you save money that way
People were warned not to take the "new comms new bod" with anything other than pinch of salt. We will have to see if this continues as concerned its buttering people up for the placements. Not on. Vonk did exactly the same suggesting 40p was coming, few weeks later we were sub 10p.
They havent delivered on anything. Simple question is why not. Thats a fact not opinion. Im irked in the fact that this acquisition isnt what I would buy in for. I risk money for chance of riches in aim. More of Balcombe would have been better.
We are now several years on and not producing from kim when timelines were initially a few months. If you ignore that, then simply you are an idiot. See what this summer brings but anything other than mega flows will see me leave this forever.
I dont see a 1p as low. 3s possibly but its always gut. Certainly wouldnt listen to some on twitter advising left right and centre of booms when there are still so many considerations in play. Successful flows in summer time however should see a rise youd think but the risk is what else the bod come up with. Looking at acquisitions when they should be spending their time concentrated on existing assets is a case in point. Who in their right mind would be doing that now? More time doing what they should, strong plans that dont change on a whim, no cutting corners is what we all want to see.
But if the fix is simple, it will fall if they mess it up and dont think it will go too far north on success. Could be wrong, but I wouldnt buy for that news so I wouldnt expect others. Others may also want to derisk hence the sales going through. Still making money if you bought below. Rinse repeat.
YA was paid off with the 2.2m
It still doesnt explain how it is being spent, as they raised 3.7m since nov and paid 1.5m back. Tidswell said it was a third of the cost these brockham works, so why sudden urgency?
You do realise its all done and dusted? Angs will get cash, and whoever paid for them shares in return.
Glad you enjoyed my joke! Wish I had your confidence after all your tops ups being wrong side of trade!
I dont see 5p this month!
Just so I understand. When the share price was 5p last year, its now foolish to suggest same again? Ok small dilution which I accept, but I would think north of here is prudent. The only think that was dragging was lack of comms and fund launch. Both done.
I dont think a 10m mcap is unreasonable
No, people continue to argue with me and im still being accused of "lower entry" "shorting" or whatever lies people want to come up with. I was even accused of losing on Rmp when I made a profit on it overall. I have however lost a fortune here, and I said as much. Of course we have the snide comments from the sidelines - because people dont like to be called stupid even though they act to the very definition.
So the acquisition. Well what a load of horse crap. We may be looking at an asset that produces a farts worth of gas but no detail where and millions required. From a company that has 3 production licenses and is producing 20 bopd over years. Yes really screams success. For the price of a pound. Bargain.
Now lets get to the crux of the issues. 1. You dont change strategic plans quickly, so the fact they have done a uturn made me think of problems. This may or may not to be true, but changing on a sixpence isnt good business - the only times you do when encounter an issue. They say there isnt an issue - but they said the same about lidsey and we all know that didnt turn out well.
There is now also issue of dilution. There is still an overhang, there are now dor shares to be sold and also the latest round - and simply there isnt the buyers to cover it. That might be a problem even for traders.
News of successful plug being done - well angs and alan comfirmed it was simple, so I will suggest market wont budge much as its a "given" .
The only thing that will shift this is going to be successful flows and I still remain optimistic - but I would be an idiot not to recognise how other issues have damaged.
Is this game over? No, I still see profit but I wont be buying right now or next month unless I see a reason to. This is a case study for students of how not to run a business. It gives me no pleasure in writing this so I only hope that angs has its day.
There will be 120m shares floating round. Do you think, possibly, that is the reason why we havent gone on a rocket ship to the moon? Any rise is now curtailed and we now have gone from 200 odd million shares to around 600. Not bad in over a year for a company that wasn't to dilute.
I do feel for the long term holders, like me, who have lost a fortune. It may have caused me to go slightly mad as I actually find their business strategy funny, because it really is a heap of dung.
Of course dont listen to me. No one likes a told you so, but tell you I did. Smells rotten to me.
Lets see if we can do a rotten fish recipe for cookery hour
You just saved me writing that.
They have 3 sites doing nothing. Why a 4th? Well should I tell you why? It will take months to get that going and I suspect nothing will actually come of it. The full £5m will be used for "working capital" whatever that is. Have to consider the previous placings and how that was spent.
Seems Lucan is another vonk. The level of dilution is out of hand. Only idiots would say this is a positive, though I have met a few recently.
Im expecting a rather long queue of apologies today so if it takes a while to respond sorry for that.
On a scale of 1 -10 of told you so annoying scale, im expecting a healthy 8. Tootlepips
What behaviour? The fact I said something isnt right and if placing news hits that will be another kick - regardless if they do an rto of shell its yet more shares, yet more churn?
Im one of a few who has said exactly what I think. Dont blame me if I prove to be right. That is a massive amount of shares to dilute holders. Id rather people be informed than your tactic of hushing issues!
A dose of integrity in your life would make a better investor.
Money is the whole point of the game?
So you are expecting the plug being successfully set to offer a rerate? Even though its simple, in Chief Expert Tidswell own words so why would market move much? I would expect some buys but not a stampede. That will come with flow news estimated end June or July as it seems aim doesnt recognise "dreams" any more and wants proof.
Hope that helps explain it to you.
How would I know a placing was coming? Only stupid people dont constantly look at investment case when news comes out.
You are in la la land if you think over 100m shares is going to be easy even with flow news. Best of luck!
#cookeryhour #fabulousMrWolf
Yes, otherwise why would I be here? Odd question.
What will make me laugh is people who will accuse me of "deramping' Actually its just me calling it right. I have tried helping people but simply they dont know that they are being manipulated. Shame as I was brought up to help those less able.
There will be potentially 100m share overhang if this news is true. That isnt swimming against tide, thats falling down a waterfall. This represents huge issues short and medium term.
Im sorry I cant be more positive.
Erm... its rare for me to read everything and disagree but you are definitely doing ok with peers