George Frangeskides, Exec-Chair at Alba Mineral Resources, discusses grades at the Clogau Gold Mine. Watch the full video here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Thanks.
The failed takeover is history.
Revenue growth was lower during H2 lat year. N15 have the tech giants amongst their client base. They have been actively cutting jobs and costs. It is not just the tech giants either. What impact will that have on N15 this year? It seems the market is worried by the possibility of a profit warning or a downward adjustment in expectations if one prefers. Full Results out on April 25, we should have a better idea then if given a trading update.
Seen such a catastrophic outcome to a failed takeover. Heavens knows what would have happened if the S&S tak over had gone through, since the market were against it. And seem to have now lost faith with the management. Hopefully the final results will restore faith. The prelims were good.
I to would welcome opinion. Note to-day recommended buy , to put in an AIM-ISA to avoid Inheritance Tax. One of 5 AIM shares suggested by the Daily Telegraph,Money section.
We seem to be in a terminal decline here not helped by all the insider selling.
Can't find much in the way of recent commentary so don't what others think?!
Hi Robina. The differences between a fund manager and a wealth manager are many and varied. A fund manager accepts cash from a pool of investors to invest according to the guidelines that the fund has when launched. This might be in say geograpic or sector in structure, aligned to an index or theme such as smaller companies etc. A fund manager is usually paid as a percentage of the fund value and may restrict times and dates of disposals or acquisitions. Poor performance might lead to the entire fund being shuttered (Woodford was a good and recent example).
A wealth manager on the other hand is specifically engaged to look after individual portfolios. It is usually not worth considering looking after a portfolio where the amount under investment is below £200,000. The manager generally has a strong relationship with their client and complete discretion on the range of investments and timing of dealing. They charge a healthy commission (1.5%) when dealing AND a fee based on the capital value of the portfolio as a whole and charged every quarter. This management fee covers the research teams, custody of certificates, currency charges and both platforms and instruments that are not usually available to the private investor.
Of course, wealth managers get things hopelessly wrong from time to time and mine is no exception. These are rare and because they are dispassionate on what is within the portfolio, they tend to make rational decisions to buy, sell, add, reduce, whether to add and timing. They do not pretend to be watching like a hawk the nuances of the day, or an individual account. They do look at accounts on at least a monthly basis and sometimes more frequently.
I hope this helps.
I hope that begins to explain
Interesting what you say about engaging a wealth manager. Are they better than fund managers?! Problem with the latter is that most stayed invested in overheated and then rapidly declining stocks. As a PI it's difficult to ditch things either for for fear of missing more profits or conversely for realising losses.
Anyway, I've kept oil stocks (lucky that I sat on my hands) and shifted part of my portfolio to high dividend payers like PHNX.
Regarding NFC I'm massively down but des[ite a paltry dividend it looks massively undervalued so I'm hoping this rally will continue.
Well, that is kind of you, though not a consequence decided by me. Let me expand. For the last 45 years, my working life, I have tried to put a percentage of my monthly salary to work. I have made many poor decisions but rather more better ones and was able to engage a wealth manager in 2008 to manage my portfolio.
I have reached the point in my life where a generation has closed and I am the recent recipient of capital to approximate half of my invested wealth. This needs to be put to work as I prepare for the 20-30 year likely window for succession. Oddly enough this same time frame needs to see me and my wife (we), through a comfortable retirement. My portfolio is thus structured for capital growth at HIGH risk.
Inheritance allows us to be ambitious in our investment choice. Immediately before inheriting, the average invested sum was £10,000 per bargain. We have 75 holdings. Since initial receipt of cash, this has increased to 90 holdings (of which this is one), have disposed of 4 holdings and strengthened others. The average investment per holding has increased to £12,500 and am sitting on cash of slightly under £47,000. This cash will be sheltered in ISA (for investment) unless there is a compelling reason to add to my portfolio in the next few weeks.
2022 was a dreadful year in terms of my portfolio performance, down over 20%. It took a full 1% off my average growth over my working life to 13.5% compound. 2023 has started off well (often does in January) and I am up almost 2.93% overall. I am expecting growth this year of 16% including re-invested dividends. Currently running slightly ahead of expectation, but far too early at this stage to matter.
FWIW, I am expecting a long recession in the UK and a short one in US. It does not follow that stock marklets will continue to fall. Volatile in the first qtr, stability in 2nd and am bull market for 10 years from 3rd. Ever the optimist !!
Good timing alas.
Hope the bounce today is the start of a re-rating.
Portfolio is structured for capital growth so have made a purchase yesterday afternoon.
The end of the M&C Saatchi saga should put the company back on track. No coincidence that the sp has made a significant upward move today. Hopefully the company will now be fully focused on achieving organic growth without distraction.
Looks like share price is heading back on track
Qd22, allowing for money set aside for Mach49's earn out, Next15 made a loss. The 60% of earnings billed in dollars is not that great, when compared to the total earn out for Mach49. Thankfully now capped but still @ $300m @ 85% cash 15% equity. Failure to come up with a reasonable but almost certainly lower cap, at the time of the deal has cost them dear. If they did not protect against further sterling depreciation, when the max cap was agreed in February, then will be costing much more. If so, they should be wondering what their Nomad was doing.
If the current takeover offer comes to nothing, would not be surprised if NFC becomes a target themselves. Especially so when Pound Sterling drops below parity with the US Dollar.
Agreed. For ease:
"Financial and Operational Highlights
Group net revenue growth of 65% to £274.0m (2021: £165.9m)Organic net revenue growth of 31%Adjusted profit before tax up 73% to £60.7m (2021: £35.0m)Adjusted diluted earnings per share increased by 68% to 44.1p (2021: 26.3p)Interim dividend up 25% to 4.5p per share (H1 2021: 3.6p)Significant new client assignments including Morrisons, VMware and VerizonAcquisition of Engine Acquisition Limited (“Engine”) in March 2022, which has been successfully integrated into the GroupIn May 2022 we launched a recommended offer for M&C Saatchi plc (“M&C Saatchi”), which valued the business at approximately £306m
Current trading and outlook
The Group’s strong trading in our first half has continued into the third quarter of our financial year. Whilst we are mindful of the current macro-economic and political backdrop, we remain confident about our outlook.
53% of the Group’s revenues are from the US market, with a further 7% of revenues coming from clients that bill in US dollars."
With currency so dire it's good they remind us of the $ revenue.
Strong results!
Perhaps it's now falling in sympathy with SFOR. Either that or the bot that runs round clobbering everything I invest in has now reached NFC.
I also thought that S4 Capital were a player here but their recent share price collapse put a stop to it. Sure it will improve shortly. Not disappointed in today’s news re M & C though as I have shares in all three.
Nice rise today - in concert with SFOR possibly?!
BERENBERG RAISES NEXT FIFTEEN COMMUNICATIONS TARGET TO 1,270 (1,140) PENCE - 'BUY'
Again. Well done, fantastic little company this.
Market likes that