The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has been released. Listen here.
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It looks better than Barclays 1 year chart and we are picking up a decent dividend as well might I add
View the1 year chart though which paints a picture. Not worried as I have been accumulating sub 110 and sub 120 and divi looks safe. Even when holding shares it is OK to question executives and I have spoken to JT a few times over the past 3 years at various mining conferences.
I agree entirely. Smaller deals by Trident but there are many big deals being pulled off by other companies. The company is at present standing still whilst Kestral is used up at a rate of knots
The market didnt think it was a bad idea. Up 10-15% on sp and also gone ex-div and the share buyback almost assures you will get another 2 divs. APF seem to make the right calls on deals without charging in with undue risk. So I am happy to be patient.
One or two by the end of the year is what I believe Julian said recently
This share buyback program is all very well but the market needs a decent new royalty or two to give this a kick in the right direction. Spending funds on a share buyback almost says" we have run out of ideas at the moment "
I'm in both.
APF and TRR are at very different phases of development. TRR have just started out, with the intention of building that critical mass that'll enable them to pay a regular meaningful dividend. APF on the other hand is at the point where it needs to find new revenue streams in order to be able to maintain its payout to shareholders. At a £30m valuation I think TRR is attractive, and in the 4 months since inception the management team have shown they have the ability to source and close some shrewd deals.
APF have a very capable management team too. In my opinion there's not many that have the same understanding of commodities/cycles/forecasting that Julian has.
Adam Davidson (TRR CEO) said in a recent interview that he doesn't think it'll be long before we see a base metal royalty company achieve a $bn valuation. The jury is out on who is most likely, or whether it'll be achieved through M&A, but it's certainly an exciting space to be in over the medium/long term.
I do agree, however I'm hoping I've caught TRR at a low enough price to make a profit. They seem to be adding new acquisitions and maybe they can get up into APF's league eventually.
Not knocking TRR and sure to be a good investment but possibly not in the same league as Anglo (choosing words carefully)
ex div tomorrow so you may get 2p cheaper. but this looks a safe buy at 130 anyway imo
Typical, I'm in here but just bought into TRR this morning and this raises again!
RBC raises to 210 "Outperform"