Mercia Asset Management Share Discussion Threads

[nico115] 10/12/2019 13:30

Incorrect Friends did I am long 65k at 88p and happy to prove it Meanwhile you begged me to buy Merc at 32pOuch You are an awful investor and not one to follow

[chimers] 10/12/2019 12:35

You bought at £1.60 I have already re posted all your posts!!

[nico115] 10/12/2019 12:33

I bough at 87pYou said short there but I'm long thereLet's see if I'm rightSo far doing a lot better than the Merc shares you puffed at 32p

[chimers] 10/12/2019 12:30

Whats £1.60 to 80p ?

[nico115] 10/12/2019 12:28

You told me to buy when the shares were 31-3232 to 25 is a disaster Thanks for the lossesIf you spent as much time researching Merc as you do deramping Boku you may have saved yourself those losses

[nico115] 10/12/2019 10:51

So you were bullish at 32p and now bearish at 24p!!You couldn't make it up

[nico115] 10/12/2019 10:51

I'm also long Roddie Bought in at 25p

[middlesboroughfc] 10/12/2019 10:17

TLW also shooting up

[pavey ark] 10/12/2019 10:02

As anyone here can now buy any amount of shares for less than the placing price I don't see what the fuss is about.
I bought yesterday for a shade over 23p I also bought for much the same when the share overhang nonsense was at its peak.

This management is not here to solve world hunger or to bring joy to one and all ...they are here to make money.
Private shareholders in all their mock outrage would sell their shares in a heartbeat if it was to their advantage.

The capitalist system is far from perfect but you all bought into it when you decided to invest here.

On the specifics of the fund raising:

1. It was clear that they needed some cash to complete what looks like a good acquisition.
2. They wanted the cash now and they obviously went to the institutional investors to raise a large sum quickly.
3. The institutional investors were , like many here, in at a far greater price so the sweetener was 25p /share but they asked for more than they actually needed and said that this was their last cash call.
4. I suspect the share price at the time they were sounding out the institutional investors was less than the closing price quoted (before the announcement).

All in all this seems like a perfectly normal way for a company to operate but I am not making any buy/sell suggestions as that is obviously up to the individual investor.

I have no idea why Simon Thompson threw a hissy but perhaps ,as has been suggested, the management said something different to him.

One alternative to all of this would have been to sell down some of their investments but selling these at the wrong time could be much more expensive than selling some shares at 25p.

Not saying I'm delighted but I'm not entirely unhappy.

[chimers] 09/12/2019 22:37

Fortunately for me and anyone else we dont buy your fake pish matey!!

Which ST stooge are you? or are you the real Milky Bar Kid ?
ST has had several posting ID's on here over the years it should be noted!!

[joeyredeye1] 09/12/2019 19:19

Dear me Mr Chimers, you do sound as bitter as everyone else seems to say. ST has made me c. 1.5k or so in the last 18 months, (with a smallish hit on Bango included) and I’m a small investor. I’m no investment genius either but if I can make it work by considering his opinions then others can. Hard to find an axe to grind with him-read and learn why not?
One of ST’s salient points here, is that the board have dumped on the PIs and will no doubt not hesitate to do the same thing again. I don’t know much, but once I saw the dilution and the lack of respect for the PIs I knew it was time to get out (with a few 100£ profit in a few weeks). I don’t rate the chairman either, seems a bit of an academic, but I may be wrong there- perhaps he’s a genius!
It might be Merc will eventually come good-hope so for all the PIs including you.but there’s an opportunity cost to every investment and I reckon there’s money made quicker elsewhere.
Your rant against ST, apart from being unnecessary, as well as vulgar, seems to be entirely based upon the fact he disagrees with you. You sound very bitter sir!

[roddiemac2] 09/12/2019 18:58

Simon Thomson is only angry because his recommendation to buy at higher prices has dented his reputation , such as it is . The Chronic Investor was used .

Damp seaweed, " churlish not to pick up a few at 23+p " I agree with that.

[its the oxman] 09/12/2019 16:42

Don't think you can compare this lot on valuation terms with a quality outfit like Intermediate Capital. And given management have managed to execute an ok deal poorly, they clearly haven't covered themselves with glory. But should still be reasonable value from here given nav is much higher. Not sure why you would really want to sell in the low/ mid 20's. Expecting a gradual recovery but sentiment can clearly cause some wild swings here so who knows.

[nico115] 09/12/2019 15:55

Bad call chimers Maybe you will be less arrogant now

[srichardson8] 09/12/2019 15:38

More to the point for me is that the price is now below the placing level so whilst still feeling cheated I feel less so thanks to...ST
I have added to what had already become a pretty dinky position anyway

[damp seaweed] 09/12/2019 15:37

I won’t be sending the management a Christmas card this year, but it seems a bit churlish not to pick up a few @23+p when the board and their chums have just paid 25p

[nico115] 09/12/2019 15:24

You told me to buy at 32pYou are hopeless Worlds worse investor

[its the oxman] 09/12/2019 15:15

Money to be made from this spike down.