George Frangeskides, Exec-Chair at Alba Mineral Resources, discusses grades at the Clogau Gold Mine. Watch the full video here.
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Surely this is a share with dividends and no charges ? or am I being slow today ?
Hi yes a nice 6% divi...but the charges are quite high per annum just under 3%....guess you pays your money and take your choice...that was through HL.....
Not a recommendation but rather an interesting possibility to read about is Gore Street Energy Storage, the flip side of Contour. Four divies a year, a cash cow (especially in today's energy market) and an opportunity to get in relatively early in its history.
Hi Trek,
Thank you for sharing. Most of my money is tied up in rental properties but shares are where I can really get some additional good income. I have a small portfolio of 21 companies valued circa £85,000 which is small by yours and a number of peoples here but am pleased that it is growing. My shares can be basically divided into three . 1 .Income . I like shares that give four good dividends a year. These consist of BP,DEC,GLO,APF and GSK. 2. Boring but safe with reasonable dividend. These consist of VLD,TW,DRX and LGEN. 3. Speculative with room for good growth. These are XLM,REDX, SAVE, and EISB. The largest is the latter which I hope later this month will be announcing launch in UK, local production agreements and growing USA sales. Finally I own Harworth and Watkin Jones, both of which are doing really well. So there you have my little empire. Have triedd to spread the risk but some I would like to have a lot more in .Time will tell !
Just a read across from todays Telegraph….
“ National Grid cashes in on energy price surge
National Grid has upgraded its profit forecasts after cashing in on the recent surge in energy prices.
The utilities giant said it expects underlying profits in its UK business to be above the guidance given in November, mainly driven by higher inflation.
It comes after the price cap on energy bills soared 54pc from the start of this month, while a further rise is expected at the next review in October.”
Usual caveats
Trek
Hi Sam,
My largest position is TXP. I first bought them at 11p but averaged up on the recent pullback to now around 40p from memory.
I expect them to get to £7.50 over the years with a fair wind and pay a nice divi.
After that it’s here at 185p is then SAVE at 8.3p.
I rate TXP a buy sub 100p for a long term hold and likewise SAVE if you can grab some around 30p. They should get to 85p within a year (broker target). Both will give you trading opportunities to improve your average or you can just buy and forget if you can cope with the volatility.
I am a pretty active trader but I have held TXP and SAVE for sometime. I buy small caps and cash out to buy much needed income. That’s how I came across GLO. Running the numbers here and across a few others.
I get over 8% income across a dozen stocks all with a well covered divi. Well that’s the story now but I can change my approach according to the macro and company dynamics and may grab other opportunities as I see them.
A good buy atm is GCAT (a gold producer/explorer) where I am still building a position sub 1p so don’t buy too many!
Good luck with your investments
Trek
Is Kani going to sell all shares in GLO?
Kani Lux Holdings S.à r.l., a majority-owned subsidiary of ContourGlobal, had signed a definitive agreement with Infraestrutura Brasil Holding XVII S.A. ("Pátria Investments") to sell the entire issued share capital of Contour Global do Brasil Participações S.A., which
Meant to ask Trek , what is your highest holding in ? If you don't mind telling
Say no more…
‘ The Disposal represents a first step in this direction, creates compelling value for ContourGlobal shareholders, strengthens ContourGlobal's balance sheet and enables more effective capital allocation. The Disposal is cash flow and credit accretive from a parent company perspective and a major step in the exit of the only meaningful non-EUR or USD currency exposure for the Company.’
Also no need for AGM due to significant shareholder consent.
Obviously the BoD are doing their best to close the disconnect between the SP and asset value but as I have ‘honestly’ said before this company is a dependable income machine, akin to similar energy trusts and ETF’s. As such a NAV discount is a fact of life for London listings.
I fully appreciate that they need to close the gap between the SP now and the IPO sp but my calcs pin us to a 6% ish divi. If the divi increases as it does yoy by min 10% then the SP imo will follow.
This is not a rocket growth story. It’s a solid income payer, well covered, and as such is my second highest pf holding.
But of course things can change and I think they will go hunting with their plentiful cash!
Let’s see what they do with the dosh. Debt is really not an issue, see my earlier posts.
Usual caveats
Trek
XD today and SP hardly moves. That smoothing is one of the benefits of quarterly payers.
Good choices intoodeep. I held all of those. Sold lex recently just to bank some profits for elsewhere. May buy back though. I also added to both TXP and PXC recently.
Usual caveats
Trek
That's me in GLO, PXC, TXP and LEX. All LTHs for me. Nothing much to do till April 6th - ISAs maxed out. 'DYOR' is quite hard with a full tim+ NHS post, so careful reading of RNS, some posts and & Telegram for PXC is as far as it goes. Learning all the time. Patience is the biggest lesson.
Directors frustrated that share price sucks.
I like the fact that they are determined to bridge that gap.
Wow 200p on the ask. Even I am surprised at that response on results day. Institutions usually need permission before investing!
Market defo had this one wrong!
Usual caveats
Trek
Was all pretty obvious really but the market likes certainty
Can ‘only’ get a price for 1500 shares now. Could be investec or liberum recommending to clients or investing.
For any potential buyers. Buy your time and try to get in sub 190p. If you are in for the long run then sub 200p is very good.
Use the divi as a sp benchmark so try and get +6%. Once the yield goes below 6% then the sp will likely pull back. 6-6.8% yield is its trading range. Buying now gives you the higher dive paid April 14.
Note this is a defensive income stock not for capital gain. Fair value imo is 220-250 but these stocks trade at nav discount.
If you want excitement for O&G look at TXP or for pharma IQAI both very high risk but imo worth a punt.
Usual caveats
Trek
https://www.proactiveinvestors.co.uk/companies/news/977201/contourglobal-sees-market-opportunity-in-stressed-european-power-markets-977201.html
makes a lotta wonga
Only two questions interestingly both from analyst (investec and liberum ).
Discussing CO2 offsets, European pricing risks. Not much really all well covered by Joe.
I was disappointed that the web call didn’t take questions. You had to be on the dial in. Although their IR are very good and will reply promptly.
I had two takeaways. One was the significance of the forward selling price differential over the short term spot price selling.
GLO are boxing clever playing the arbitrage to get a better price for their energy selling up to a year out. The benefits with the current vix are more than I realised.
The financial performance was as we know outstanding and he laid out plans for growth which was one of my other concerns.
As for debt I wasn’t worried anyway but it’s worth checking out the slides it’s clearly explained.
Another point of interest was a throwaway comment on Trinidad and Tobago gas. My biggest position is TXP which is why I looked up!
At around 80p TXP is a significant tip. Lots of transformational news due soon and it’s balance sheet is very healthy with a good RCF on excellent terms for todays market. High risk that one though but for those that want exposure to an energy provider with near term exploration and additional production upside in a safe jurisdiction it’s worth a look. Expect a range of 72-90p for now though.
Usual caveats
Trek
@TrekMadone, thanks for your posts.
Any interesting questions raised on the call? Analysts generally happy or any concerns?
“ (Alliance News) - ContourGlobal PLC said on Friday it delivered a record financial performance in 2021 as a result of good power plant operations and increased its quarterly dividend payout.
The London-based power generation company with assets across the world reported a pretax profit of USD142.9 million in 2021. This was nearly double the previous year's figure of USD72.3 million.
Revenue totalled USD2.15 billion, up 53% from USD1.41 billion. Of this, thermal energy revenue grew 77% year-on-year to USD1.71 billion, while renewable energy declined 0.8% to USD443.7 million against the previous year.
ContourGlobal said this revenue increase was mainly driven by its Western Generation acquisition completed in February, higher CO2 pass through revenue from its Maritsa thermal power plant in Bulgaria and higher pricing at its Arrubal power plant in Spain.
Adjusted earnings before interest, tax, depreciation and amortisation grew 17% to USD841.5 million from USD722.0 million.
The company declared a fourth quarter dividend of 4.465 cents per share, reflecting a 10% year-on-year growth.
ContourGlobal added it has started the financial year positively and is currently trading ahead of expectations.
Shares in ContourGlobal were up 0.6% at 191.60 pence on Friday morning in London.
By Heather Rydings; heatherrydings@alliancenews.com
Copyright 2022 Alliance News Limited. All Rights Reserved.”
Trek
Very good results - clearly a well managed company. I like the opportunities offered by the portfolio - both in terms of thermal/renewable and geographical.
Can't find much to fault. Appreciate that some have previously queried the high debt. For most sectors it would be on the high side but for a utility it's standard. These are assets with predictable low risk returns so it makes sense to leverage.
Right on brother......this is a keeper excellent dividend like some others wish i had purchased more.....
Wow, well done guys!
Good to tuck these away for a few years and enjoy the income.
Not that it matters but £1k of my divi will go to charity including Ukraine.
I am a great believer in sharing a little good leads to other people doing more good.
On their web call now then will be out to enjoy this sunshine.
Peace to all!
Trek
Trek, a big thanks for your posts on GLO & PXC. Very blue on both. The interesting thing about both is that I don't feel the need to continually check the share price.
I took your advice too and purchased GLO - cheers!
Happy days :)
Well done all.
I did Trek!
Not enough though but very pleased so far.
Many thanks for that.