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I meant translate :) : The cowboy market economy need I say anything more.
Rich
If you tap on the purple writing it will open a info in English if you talking about tep1 post
Please translate into english!
Https://www.ig.com/uk/help-and-support/spread-betting-and-cfds/products-markets-and-trading-hours/how-do-dividend-adjustments-affect-my-spread-betting-of-cfd-posi
The cowboy market economy need I say anything more.
Yes ig paid over 30 pence per a share to its Kenmare holders yesterday and no Irish with holding tax
They are not real shares on the leverage market
Dropped from 365 to 340 going ex div
Which if long at 365 …..
What sort of shock are qe expecting greeno? Was looking to buy more at 229 but bauljwd due to liqyidity. Must admit in hindsight am kicking myself now
hi sag, you are right, from my previous comments on here you know i don't rate the management however i cut them a bit of slack here, i have a feeling they doing their best to get their house in order by sorting out issues that should of been sorted as a matter of routine.
as you state ithe company is doing just fine in spite of their **** ups year on year, it was a suprise to me that they commented on stronger prices probably to detract from what was in truth a disappointing update.
Rax - Your reviews have given both the glass half full and half empty. Nothing wrong with that, you have simply reiterated the comments of KMR management. We have to hope that after MC the emphasis will change. Reports could be written in terms of look at us, we achieved this and that even though it was the rainy season, as it is every year, and lightning does strike twice. But through it all, the company performed well in spite of incompetent management and remains on track to meet 2024/25 guidance. - Just an observation/suggestion! They are so negative. If they have negotiated the most difficult quarter of the year and come through, then blow the trumpet!
It should be noted while I didn't expect the market to be overjoyed with the update it is ex dividend date today.
A bit of a mixed bag, all products down compared to Q423 with many significantly.Last year it was the lightening strike this year it's the rainy season interrupts the power supply, then we have an engine down in RUPS, significant maintenance being done, Zircon circuit problems, Rutile effected by MSP issues.
So they have their problems however production for Q1 was inline with their expectations.
Onto the positives guidance for the year maintained weighed to H2 which is good after this set back, better grades expected and prices look stronger going forward, with that outlook I am happy to sell less product at a lower price now with better production later selling for a higher price.
No because IG compensate you completely fairly for the lost dividend
100% of client accounts are long on this market
In for a shock when it goes x div?
It does feel like that sometimes rax, however I personally feel more confident investing in businesses who's management under-promise and over-deliver rather than the opposite. One of my gripes generally is how much SP's move these days on relatively minor snippets of news or seemingly unfounded coverage. Granted it doesn't do much for short term gains, but it does appear to suppress volatility, and I currently believe there's good value in KMR over the long term.
Having said that, I sincerely hope the Nataka re-location cost estimate is worst case now! In the context of your post, they might even bring it in under budget!!
It seems far more likely, I suspect not many use them as a share service, you don't normally see them as a major shareholder in plcs.
I must admit I am old school and stick to share dealing only. Anything else is high risk imho. Are you suggesting they are buying purely to offer spreadbetting options for their clients? They do offer nominee services as well. How would you distinguish the difference for their reasons in holding?
Ig stopped offering the options on KMR as the banks etc that make the market wanted too high a premium for the options
(I spoke to them)
Correction: when you say: only allowing to sell Kenmare shares and Not allowed to buy them you are referring to spreadbetting/options not actual share trading
One of my gripes with the management is that they are quick off the mark to dampen any enthusiasm about the state of prices for products by stating we feel inflation will impact, demand is slowing or we will have some production off line due to ...... always a caveat to hold back the sp, rarely if ever do they comment on prices or demand which are showing signs of improvement until it has happened, even then the caveat will be we don't think these prices will be sustained, talk above conservative with their commentary they never like to let the cat get out of the bag.
It’s more about the saying it in Q4 and pricing rising again so maybe come out with Rns, but your points are all correct… a statement is always meaningful
Chairman already said no one can predict which way prices will go but what they did say prices did not go has low last year as they expected and now demand is at the top end of the range from there customers.
Also with base closing a mine at the end of the year they expect higher demand for there products
Although they have not said they expect prices will go higher
But what they saying if demand outstretched production then higher prices normally follow
That's the way the market works
I'm confident things are looking good.
But i agree there is no guarantee
Asian metals show prices strengthening.
The board were very quick to say the were softening last year, so I would like to see them coming out and stating that prices have started to recover.
Plenty of stock to sell through so if prices are strengthening it should be announced.
We go ex div on Thursday so expect a fall in the sp then
I thought IG had nominee account for shares also? Or do they use another broker for this ssrvice?
They may have had to buy to settle their clients option trades if the clients cashed out on the recent increase or for tax reasons . IG is not really an active investor is it?
As I said before IG group on there leverage accounts for months now only allowing to sell Kenmare shares and Not allowed to buy
Made the opinion that recognised the value of company and wasn't willing to bet against it rising
Now they have brought over 3% of the company
Not sure it's a good thing could make the shares more volatile
There business is run on allowing people to basically to bet on if shares go up or down
So at the moment they brought as this higher the sp which they gain from those who chose to sell
This company manipulated the markets so
So be careful if you buy Kenmare on a platform who owns 3% of the company because they can force a price drop if they sell in bulk forcing some of there customers to sell at a loss