Andrada Mining acquisition elevates the miner to emerging mid-tier status. Watch the video here.
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To good to be true yesterday back down
This is just Carnage for Abcam
I believe it is all part and parcel of those funds re-arranging their holdings. As the underlying business is good and the managers excellent, I am not in the least fussed with what is, to all intents and purpose, noise.
Alas_Smith I do think that your views about ABC are spot on. It still seems to expanding with all the head winds that are around at the moment, it just seems a bit over done with a drop of 13.50% just due to share sales, share shifting by fund managers. this company is well run and as you said have excellent management. just think is this is well over done.
Shame that management have moved the share dealings solely to the States, when 90% are on the LSE. I decided to pull my shares on the back of this.
I agree it a great business, well run with a fantastic future but in the short term plenty of long term holders like me will have pulled the plug.
Although I am not in the least qualified to provide advice and certainly would not criticise anothers decision, I will caution others with, I hope, a reasoned and broad response.
The most influential economy in the world is US. The largest companies by MCap are in the US and the dollar is the rate against which every commodity is priced. In other words, just because it is dealt in, based in or trades from USA means that it is a bit more important than all the other exchanges in the World. Sure, London is right up there, so is Paris, Frankfurt, Melbourne and Tokyo but as economies go, US then China, India, Europe etc down the pecking order.
FWIW, my portfolio from 1979 until 2008 was entirely UK specific (I knew nothing else and considered nothing beyond UK shores). Around 60% portfolio is US/China based these days and although down a long way this year (-22.x%), recovery when this bear market is over is likely to be greater than if there was a concentration in a single market.
Good fortune to all. 2023 has more turbulence ahead as I foresee OPEC cutting production to deepen recession for UK. Another thought to consider different geographic sector to place investment deposits.
Alas_Smith,SussexEngineer. the last week T sold my entire holding in ABC, FOR 1466. and bought back in @ 1250 + I Increased my holding by a third . I go with the BOD on their decision, to move to a single listing in the states my personal view this can only be good for ABC. ABC might even be taken over, but I hope not.