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Sirius Minerals Share Chat (SXX)



Share Price: 21.18Bid: 21.18Ask: 21.22Change: 0.64 (+3.12%)Riser - Sirius Minerals
Spread: 0.04Spread as %: 0.19%Open: 20.60High: 21.58Low: 20.50Yesterday’s Close: 20.54


Share Discussion for Sirius Minerals




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PerArduaAdAstra
Posts: 2,307
Opinion:No Opinion
Price:22.00
RE: Capital Group
16 Apr '19
Thanks, Myo. I knew Capital have been involved with Sirius for many years, but, was out and about and posting from my phone. I’m sure popex will appreciate that you were at your computer and had the time to delve further too.

Cheers,

per ardua ad astra
 
Myosotis
Posts: 11,023
Opinion:No Opinion
Price:21.66
RE: Capital Group
16 Apr '19
try these links.....first will be the placing, second the TR-1 for the 100m and third the TR-1 for the warrants

https://otp.tools.investis.com/clients/uk/sirius_minerals/rns/regulatory-story.aspx?cid=485&newsid=397091
https://otp.tools.investis.com/clients/uk/sirius_minerals/rns/regulatory-story.aspx?cid=485&newsid=397976
https://otp.tools.investis.com/clients/uk/sirius_minerals/rns/regulatory-story.aspx?cid=485&newsid=397091

and presumable their 83m came from the £25m convertible option listed below (exercising over the months after at prices from 8p through 12p)

https://otp.tools.investis.com/clients/uk/sirius_minerals/rns/regulatory-story.aspx?cid=485&newsid=357918

In summary, capitals involvement to maintain their 10% stake at stg1 at 20p was underwritten by the above actions in that their average was/is significantly less than said 20p.......as such their current selling is not at par but at significant profit.......?
Fred16
Posts: 1,430
Opinion:No Opinion
Price:21.66
RE: Capital Group
16 Apr '19
I’m sorry as well populationexpect - I really am
Myosotis
Posts: 11,023
Opinion:No Opinion
Price:21.66
RE: Capital Group
16 Apr '19
PAAA "As for Capital, they have been involved with Sirius for a good number of years. I don’t know when they made their first acquisition, however, they were key contributors to ST1, and I seem to recall them at least being around for a good few years prior to that — perhaps going back to the pre-planning stage in 2015 also."

Before the March 2014 placing Capital held circa 83m stock, they took 100m in the raise which came with 50m warrants......183m which then became 223m.....a 10% holding.

at stage 1 capital partook to maintain their 10% position.
populationexpect
Posts: 45
Opinion:No Opinion
Price:21.66
RE: Capital Group
16 Apr '19
Thanks PAAA. You are a good man. Yes,difficult but I am , I hope ,coming to terms with the situation and think I am stronger after you will remember our son´s death.
Puts all the petty bickering from testosterone filled young men into perspective.
Enjoy your lives to the full. We are not long on this planet.
BradSmith
Posts: 1,295
Opinion:No Opinion
Price:21.66
RE: Capital Group
16 Apr '19
Agreed Chesh , from thr other side ....

In 1931, Jonathan Bell Lovelace founded the investment firm, Lovelace, Dennis & Renfrew, which would eventually become Capital Group. Lovelace had previously been a partner in the stock brokerage firm E.E. MacCrone, where he explored the concept of developing an open-end mutual fund. He eventually sold his stake in that company, just prior to the Wall Street Crash of 1929.
Cranleigh
Posts: 1,683
Opinion:No Opinion
Price:21.72
RE: Capital Group
16 Apr '19
I doubt it, Population.

Wikipedia suggests to me that Bruce Kovner left Caxton, which he founded in 1983, behind when he left and founded CAM to manage his own assets and those of some new senior colleagues: “In September 2011, Kovner announced his retirement from his position as CEO at Caxton, succeeded by Andrew Law. Kovner established CAM Capital in January 2012 to manage his investment, trading, and business activities.”
PerArduaAdAstra
Posts: 2,307
Opinion:No Opinion
Price:21.54
RE: Capital Group
16 Apr '19
Good morning, popex. I trust you are well, although I was sorry to read that your wife is so ill and that is compounded by her recent stroke. I hope she is not suffering terribly and you are coping with her care.

As for Capital, they have been involved with Sirius for a good number of years. I don’t know when they made their first acquisition, however, they were key contributors to ST1, and I seem to recall them at least being around for a good few years prior to that — perhaps going back to the pre-planning stage in 2015 also.

I wish you well and hope you find the strength to manage what is a terribly sad situation.

Kind regards,

per ardua ad astra
populationexpect
Posts: 45
Opinion:No Opinion
Price:21.52
RE: Capital Group
16 Apr '19
Tnx Cranleigh but can u or anyone find out if any shares are owned by Caxton Associates , managed by Andrew Law in London and if so when he first invested.
populationexpect
Posts: 45
Opinion:No Opinion
Price:21.54
RE: Capital Group
16 Apr '19
Can anyone tell me when Capital Group in the US FIRST owned shares in Sirius or when it first came to light.
Was it before January 2018. I think it was but please confirm.
Cranleigh
Posts: 1,683
Opinion:No Opinion
Price:21.54
RE: Capital Group
16 Apr '19
Population, I don’t think there is any link between Bruce Kovner’s CAM Capital and our (still) big shareholder.

CAM’s website states “CAM Capital is a fully independent, private investment company that invests assets of entities related to its founder and senior employees”.
PhilBanks
Posts: 88
Opinion:No Opinion
Price:21.90
RE: Capital Group
16 Apr '19
population expect - sorry to hear about your wife, my best wishes to you both.

Regarding Cam Capital, I have no idea unfortunately. My post yesterday was just a bit of research triggered by Cranleigh's postulations about why the fund might be selling.
PerArduaAdAstra
Posts: 2,307
Opinion:No Opinion
Price:21.42
RE: Capital Group
16 Apr '19
Good work, Cranleigh/Phil. Many thanks for sharing your efforts.

Regards,

per ardua ad astra
populationexpect
Posts: 45
Opinion:No Opinion
Price:21.42
RE: Capital Group
16 Apr '19
Tnx PhilBanks,
Do u know if there is a connection with Cam Capital founded by Bruce Kovner

I do not have time to research. My wife has had a stroke due to terminal cancer and I am full time 24 hour carer..

I was at college with Bruce back in 1960's
wwguk
Posts: 227
Opinion:No Opinion
Price:21.42
RE: Capital Group
15 Apr '19
thanks verde,I tried, it should be

https://www.capitalgroup.com/institutional/investments/holdingssearch/

in the search box, enter

sirius minerals

the results:

SMALLCAP World Fund ® 191,851,849 $50,075,439.00 0.12%
New World Fund ® 27,595,843 $7,202,818.00 0.02%
verdeceleste
Posts: 304
Opinion:No Opinion
Price:21.42
RE: Capital Group
15 Apr '19
Cranleigh
sorry - it won't let you do that without a password but you can with a bit of a fiddle get to

www.capitalgroup.com/instutional/investments/fund/rwigx

scroll down to equity breakdown and you can click on a link to all holdings

Verde
verdeceleste
Posts: 304
Opinion:No Opinion
Price:21.42
RE: Capital Group
15 Apr '19
Myo
Capital Group have JPM in 13 different funds - total over $11 billion - a mere nothing :)
Verde
verdeceleste
Posts: 304
Opinion:No Opinion
Price:21.42
RE: Capital Group
15 Apr '19
what do you know - the machine did it all by itself:)

Verde
verdeceleste
Posts: 304
Opinion:No Opinion
Price:21.42
RE: Capital Group
15 Apr '19
Cranleigh
try www.capitalgroup.com/institutional/iinvestments/holdingssearch

sorry I don't know how to cut and paste the web address (aged person!)

Verde
Myosotis
Posts: 11,023
Opinion:No Opinion
Price:21.42
RE: Capital Group
15 Apr '19
Fred......just reckon that Phil can't give his job up cause the wife "May" soon be out of hers.....

.....other poster.....one swallow travelling south does not a winter make!........albeit a rather large swallow
Mind......wouldn't blame it......very bleak at Leuchars!!
Fred16
Posts: 1,430
Opinion:No Opinion
Price:21.42
RE: Capital Group
15 Apr '19
Myo - think you should do one of your very long posts on the train! Reminded me of when I was trying to write emails while on the trains in India - ended up writing a load of rubbish and feeling ill! Last week I had a feeling the Capital Group sell off might have a connection with Stage 2 (even posted it as a stupid question) - it just all seemed a bit strange to me - I guess we’ll soon find out!
Myosotis
Posts: 11,023
Opinion:No Opinion
Price:21.42
RE: Capital Group
15 Apr '19
Capital group......same as Philip May in role as relationship manager?

If IPA still involved in alternative arrangements......conflict of interest possible?

Do Capital own any JPM?

On train and borrowed i pad to post this.....taken from Aberdeen to Montrose to write one post......happy just to read.....any thoughts?
Cranleigh
Posts: 1,683
Opinion:No Opinion
Price:21.42
RE: Capital Group
15 Apr '19
Thanks, Verde.

Please could you provide links to the relevant pages on their website? Thanks.
verdeceleste
Posts: 304
Opinion:No Opinion
Price:21.42
RE: Capital Group
15 Apr '19
Cranleigh
Just looked at their web site - where you can look up all their holdings- and they now own 220m SXX shares in two funds - 192m in one fund and 28m in another - so it looks as if recent sales have all come from the one fund - the funds have total assets of about $40 billion and $35 billion so indeed SXX is tiny on their scale of things
Verde
PhilBanks
Posts: 88
Opinion:No Opinion
Price:21.42
RE: Capital Group
15 Apr '19
Populationexpect - according to their website, the fund managers are: Steven G. Backes, Wahid Butt, Mark E. Denning, Bradford F. Freer, Nicholas J. Grace, Carl M. Kawaja, Jonathan Knowles, Winnie Kwan, Robert W. Lovelace, Robert H. Neithart, and Christopher Thomsen
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