Myles McNulty Profile picture
Former micro-cap equity analyst, former micro-cap-focussed investment manager. Now managing my own book, predominantly trading UK micro-caps.

Aug 18, 2020, 5 tweets

A few points, @wheeliedealer, if I may:

If I'd taken this advice, I wouldn't be ~60% up on #BIDS in <3 months.

I personally think micro-cap investors should always be considering i) market sentiment; ii) TAM and potential earnings; and iii) existing fundamentals - EQUALLY. 1/5

I would suggest that a fund manager as highly rated as Katie Potts at Herald understood and considered each of the above, when she invested £1m of client money in #BIDS at 4p recently. I imagine that investors with Herald are very happy that she made the decision to do so. 2/5

Next: a great many of the Cos listed on AIM primarily have their listing to tap investors for growth capital. This should always be a consideration for micro-cap investors. To me, it sounds like you think equity placings are ALWAYS an evil. I would strongly disagree with this 3/5

Finally: personally, I think commentators online should present their own thoughts as opinion - not as a command or fact, as you have done in your final sentence. I believe that many investors will feel that you are trying to state that your own investing philosophy is the... 4/5

..ONLY philosophy that one should have. On the contrary, I believe that many investors - particularly those in the FinTwit community - feel that the investment philosophy you have implied with your "keep away unless you enjoy pouring money away" statement is, in fact, archaic 5/5

Share this Scrolly Tale with your friends.

A Scrolly Tale is a new way to read Twitter threads with a more visually immersive experience.
Discover more beautiful Scrolly Tales like this.

Keep scrolling