Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
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Example
Share price on day before dividend is 2p
The dividend Is set that evening and paid out as capital return say 1.8p.
The value of the company is reduced by 1.8p per share.
The share price on day after will open at 0.2p
How can it be minus 1.8p???
Ah thanks Bri,your command of the English language really shining through once again.
MD
There is no date yet and will not be until the conditions are met and authorised.
Only then would a date be announced. A record of shareholders will be taken after the closing bell. The share will open the next day at a price minus the dividend.
sorry if this has been posted before but is there a date yet where i can sell my shares and still qualify for the dividend ???
I thought that SP would be about 1.80p today. It is clear what the market feels about RY. Despite his 1.80 dividend guarantee at a share price of just 1.45, nobody is buying.
While we are off topic,
If the deal goes through I will add my funds too
Greatlandgold (GGP) and Baron oil (Boil)
DYOR
DYOR
Armadale capital (ACP). Graphite explorer in Tanzania.
52 week high of 6.35p now trading at sub 2p.
Fundamentals haven’t changed but due geopolitical circumstances and the fact they are waiting for the Tanzanian government to verify their cut has meant a slow walk down of the SP.
Due news at some point but when, that’s the question.
I also put a little in a gold mine in Ghana. Goldstone Resources (GRL)
Should have put more as they are 20% up on the day.
However my main holding is in a Brazilian nickel mine Horizonte Minerals. I am holding long on that with hope of dividends on production.
Sorry for the off topic but I was asked.
Rover , what company is this that you have added too?
Thanks Geng / ShadowLess - I had 1m shs at an ave. of 7.3p, so the painful decision wasn't taken lightly. In hindsight, I should have traded them quite actively to get my ave. down as you successfully did, Geng, &ors, so well done there; astute moves in the event...
I never trade my positions, fwiw, as it doesn't come easily to me - I occasionally add to holdings, though, either up or down, preferably the former, where the fundamentals remain intact, so there's probably a lessen there for me in future - sasa.
Rover62 makes sense.
Thanks for the honest response guys
It’s not just Putin that might pull the plug. POG is in liquidation & an international brokerage firm is shutting down. I don’t have the time to look into this but Russian connections & western regulators are not a good mix.
I too believe that the deal will go through and the be paid on time.
My rationale for selling is not rainbow chasing. (A bit, yes)
I had a million shares at an average of 1.61p, I sold at 1.45 so have lost £1600. If you take a max paper valuation of Amur at 2.45p for round figures that’s a £10000 miss of a possible gain.
As an investor I like long term opportunities. I’m currently invested in a share that’s just halved in value but has good fundamentals so I just wanted to take the opportunity on that share to average down. I didn’t want to miss the bottom. A gamble, yes, but better long term potential.
Thanks, Sasa
Yes, the risk that Putin will just pull the plug on the deal still weighs heavily on my decision not to plough my savings in here. Good Luck
TDT, deluded as I am, I am interested to see what else they may have to offer, hoping the BoD wants to redeem themselves, and add value to shareholders who are remaining and still alive!! Actually, maybe, I too, have been here too long!!! Good Luck to you TDT... I think you and I need it!!
The interesting wording that appears to have slipped by is they are buying Kun Manye for only $5M the other $30M is to repay debt to Amur. This may be how it's going to get past the Russian regulation (if it hasn't already), if they do decide on a 40% haircut it may only be on the $5M. This may account for RY's ambiguous interview regarding the 1.8p
Also will remove any long into the future claim against the RF regarding ownership, in their minds Spivlov will have made a totally legal purchase and their hands are clean.
The three things that need to happen are listed in the order below and the 3 month clock started ticking on 4th August when the Share Purchase Agreement was signed.
FAS consent
Decree 81 approval
Shareholder consent
Strange that Shareholder consent is listed last, especially as in the last offer RY said they had effectively been given the nod that the deal would pass, no reason to think this one hadn't already been through the 'palm greasing' prior to the vote.
Worth noting the large sells are being taken and I think more will bail as the SP gets nearer to 1.8p. At 1.6 to 1.7p if you knew the deal was going through, there's still a good opportunity to hedge your $35M !
Good luck Sasa!
I'm staying now as I've hedged down my 0.7-0.8p purchases and along with my free long term holding (built from trading) can afford to wait and see.
Hi ShadowLess - it's obviously 'Hobson's choice' to a large extent - the payout SHOULD go through within the ascribed 90 days and the residual 0.5p mkt price would render a sale now as being rather hasty, admittedly but it does remove the remaining risk which, with Mr Putin around, weighs heavily on such a decision, imv...
After more than a decade in this and very costly it's been to boot, I prefer to salvage what's left and try to redress matters overall...
GLA to the remaining stalwarts; hope it does turn out better for you than now - sasa.
https://twitter.com/Share_Talk/status/1562747251403157507?s=20
Been here far too long to bail out now.
TDT
MW, understandable, GL
I'm out too. Don't trust them to deliver. They never have. GL all.
Hello Sasa43 and Rover62
Rather surprised that you have sold out now, is there doubts about the deal being approved? doubts about the timescale for the deal to go through? is it because you do not think RY will distribute the dividend as he says he will? I guess selling now takes the risk out of the equation.
I assume the other opportunities risk vs reward is better than a 'guaranteed '1.8p div within let's say worst case 5 months (about 20% increase from current share price) plus any residual value once the div is taken out which equates to around 0.5p. In essence, an additional 47% loss when you have recently sold out (unless I have my understanding completely wrong which wouldn't surprise me) .
If you both wish not to respond then go F*ck urself!! , haha only messing around, either way, good luck in life Sasa43 I will probably see you in PUR ;-( another fine investment choice I made!!
ShadowLess
Sasa yes mate hindsight is a wonderful thing, i got out at 42p with more luck than judgement and gave some back in the following years ..
GL to you as well mate..
Hi JEZZAC - yes, I hold my hand up as being one of the £1 value subscribers back in the day - that figure was based upon stats applicable in a markedly different state of affairs applicable several years ago where the potential was considerable / sentiment riding high, etc., - how different the world is now - if only one was clairvoyant!
I've now just sold my holding, fwiw, taking a sizeable 'hit', like most of the long suffering LTHs on here, no doubt, to bring the long running nightmare to a close at last and look to recoup the loss elsewhere over time...
'C'est la Vie', I'm afraid... GLA, anyway, for the future - sasa.
FU