The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
Should binding offers land in the next stage there is still no need to inform the shareholders of the offer prices - is this correct ?
Only when the BOD have agreed on one binding offer would it become public knowledge - i presume.
5.6mill (tbh its a ridiculous number now) built up buy trading elswhere (UFO, OMI, ARB) & slicing profits back to EUA.
I used to be 100% EUA & now im only 85% EUA with the 15% = more than I had in EUA at the start 3p days.
I really ought to spread out more tbh its getting way silly (had in my head ill only sell on first offer or all the CGT effected stock March pre Sunak)
"I might be able to afford a couple of NN’s shares"
Not in an ISA or SIPP you wont - (only trading account for these & associated Sunak CGT party time)
"Norlisk? Aren't they in the frame for a rather large fine at the moment?" Yep in theory tho the SP has already taken the hit for this (unless it gets bigger)
Yep gamble - but thats Bitcoin for you, i'd never tell someone else how to play it.
Ive got a LTH position in both EUA & ARB (+tiny one in OMI), my trading pot is sitting alongside my EUA LTH pot atm, suppose Im awaiting the next set of price movements around these shares for a day or two now & may re-evaluate at some point (when new fundimentals arrive)
For the sake of completness sliced ARB back into EUA 247,334 shares bought @ 27.38p as I keep my trading % stashed in EUA (hoping for the big bang)unless its out on a forigner earning money (yes I trade this pot - but the vast majority is a lth in EUA)
"EUA pretty solid, ARB could crash any minute, like an idiot sold mine(ARB) yesterday!"
Selling ARB when Elon just ploughed £1.5bill to me was asking for a fail, Bitcoin like many other assets takes time to adjust to new realities, tbh I took it as a sign to top up over their, I will ofc top slice when I feel this latest chunk of investment sentiment looks to have run its course (but its just lol to think it was a flash in the pan event - lets face it he didn't tweet it - he bought £1.5bill = its a Bitcoin re-rate event)
Selling/Top slicing today is more understandable - as guessing a sentiment peak is tough.
Trouble is who knows whats around the corner -if another large business takes up the idle dollar vs invest in Bitcoin game well the current rise could be peanuts (plus specific to ARB should any other rise push ARB SP to $2 price range the Nasdaq listing is the next propellant - think 2 moves ahead)
Well im not going to solve the energy consumption issue, eventually Bitcoin £21m limit will solve it I suppose (however I will be dead by then & I will probably have sold out - unless it becomes more mainstream).
Currently im banking on a combination of top slicing the highs (my original stake has been removed+some) should provide some income into the future.
Just imagine if Elon is only the first - Amazon,Google etc...then Governments (alongside gold), yep fantasy levels of imagination for sure - but then Elon did it......who knows.
Those things should hopefully provide some secure income in such a volatile asset class.
"His tweets are as bad as what some of Trumps were" ofc (in particular the dodge tweets clearly whilst he was buying Bitcoin)
But Bitcoin's rise today is not about his tweets its about FIAT cash moving into Bitcoin (some might say inflation hedging) whether this is a viable strategy for excess cash (in any company) is ofc up for debate, but it wont look as bad a deal if for example Negative (business account) interest rates came into play - which could easily occur.
Either way the future often doesn't look like the past & Bitcoin is at the forefront of this, I think it takes a certain linking of imagination & forethought when looking at Bitcoin futures vs Fiat.
"massive carbon footprint" Well all Hydro in ARB so thats ok :)
Bitcoin is doing all good for me, cream profits off it regularly & reinvest elsewhere - just treat it as any other volatile asset & dont be silly with it imo.....
Dont bring me into it either Kira, I fight my own battles (usually solo).
Ive cut down my posting for the moment as well, only because ive nothing to really add atm, & no point turning the bb into a slang fest (as much as I enjoy the odd tussle) - just enjoying the slowly climbing SP to the inevitable big bang.
Good Luck Matt, dont let neone get to you, shares are enough stress on their own.