The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
Let me break it down for the new ones who don’t seem to get it. And clarify for those lucky enough to have spare cash to buy now.
This share, this year, traded between 10-20p.
Works and purchases mixed with low winter production resulted in critical capital reserves requiring a brutal “going concern” RNS. The subsequent collapse of the sp was then matched for the need for immediate financing, which resulted in more dilution.
However, none of the assets have gone away that we had when trading between 10-20p.. equally the production then was lower than it is now.. and will be far far lower once things have been bought up to spec.
The JV is not priced in at all. Nor is any form of finance restructuring.
Some may say the injected gas under our acreage is worth more than our mcap..
A large number of investors have avarages of 10-30p+ and we have more now than we ever had then! Even with the dilution the combined asset worth of Atomic, Cuda & the discovery has to be AT LEAST x10 our current mcap!!???????
If any share is due a rerate its bloody copl!!!!!!!!
after years of investing here it feels like it would be an achievement just to break even. thanks art.
the king of bu1l****
Stockholm syndrome remains strong I see. We dropped from 16p.
This has got a lot of making up to do.
Can buy easily
HUR went from 0.7 to 8p when they got their shhh1t together. It happens.
It’ll be a rerate when we get back into double figures not before. Don’t forget we dropped from circa 16p on going concern.. with dilution that equates to around 10-12p at least.
Long way for me to break even yet :(
Much better, this doesn’t seem to be the usual 30% down 5% up nonsense!
Looking a little more promising now. Long may it continue!
Be nice to end the week on a double digit rise, that might indicate good things however!
70% drop and busting out the champagne with a 3% rise ha, mental really. I want to see this fkr properly rerate not tickle our passive nuts with a French feather.
Honestly feel like many LTH have a serious case of Stockholm syndrome lol
I haven’t forgotten the recent crash from 14-16p just recently. Sustained rerate needed before I ignite any rockets. But lovely for those trading or getting in now.
13p was dog ****. i don’t think we need rocket emojis just yet lol 😂
Let’s hope so guys, Be nice if this share could rise as fast as it drops wouldn’t it.
Substance for me will be getting back to 12-16p when we got that “going concern” RNS.
2p-3p just doesn’t cut it.
LOI gains lost already, still sub 2p.
Only real evidence of intent ( resulting in actual benefit ) and action will help us.
Art is VERY good at dangling carrot after carrot. But not so good at delivering on any promises. ( which is why we need 10 bags just to regain what’s been lost lately..
The market is wise to to it.
This isn’t going to move until he delivers something of real substance.
It would be nice to get a special divi for shares purchased around the time when Arthur was telling us all how great things are and how much upside from 25p there was…
Jiffy that would mean we would get back to around 27p or so. A place we traded for quite a while with less assets than we currently have, but more dilution.
The hopes of £1.20- £5 ( non consolidated ) are indeed long gone and impossible goals from here.
We will be lucky to see 20p again I imagine. Breaking even for many LTH requires at least a 10 bag and those are very very very rare these days.
“I have too much uncertainty, distrust and loathing of AM to buy any more shares here at this point.”
I don’t think this is a man unfair comment at all. Many with higher averages have already doubled, tripled and quadrupled their holdings since atomic I am certain. I certainly have. My holding is over 5x what I initially had in here.. averaged down a lot over the years.
Many of those types, myself included, find it very hard to justify buying more, sadly so, as the assets and potential still seem good. But many have definitely been misled and trust is at an all time low.. and fairly so.
The recent LOI was welcome but still much needs to be proven before many regain lost trust here.
And of course lots won’t want to be selling at a loss either so it’s a bit of a limbo lane until things improve.
Personally holding and still hoping this recovers.
16p was terrible. It’s hard to have any interest in micro moves at 2p. For god sake guys it’s been NT everyday for years…
Results, production and certainty needed.
Too many games being played here.