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Hi Woody,
Sorry mate, I don't know where they are going but if they keep us afloat, amidst all that dewatering, the difference between 450M issues and 460M is a small price to pay.
SXX were between 7Bn and 10Bn issued or planned - I gave up looking - and TLOU are going to bring me a damned site more than the 5.4p that I took prematurely from Sirius.
I wish TG had looked at Potash - perhaps he did and thought slowly, slowly catch a monkey on CBM is safer!
All TLOU markets are almost dead Zippy (you should see HL. - over 1500 trades today already, they often get over 9k by end of day).
A lot of the AIM trades is done by speculators trying to get cheap shares cheaper than they should. Unfortunately too many Brits succumb to it!
The ASX market largely trades upon news flow, imho is more mature!
Do they know TG, TLOU and the CBM industry better than us (as a whole) - I suspect so.
Do they trust an Aussie more than a Brit does? Are the trades actually from Aussies? Mine aren't!
Too many imponderables but once the sp is back to 11p , I bet both markets will be there.
Cheers Brad
Good hunting, its still going North but a very very long way to get me back to break even though.
:-)
Hello Brad,
These 10,000,000 shares that have been released from Escrow (according to Reuters). Are these shares that are purchased for the directors, as some sort of bonus or? I'm not sure I understand what they are?
Thanks
Woody
No problems Zippy, life is all about learning.
I invested in Commonwealth Bank of Australia , my favourite bank, who gave me a few hundred free shares when they took over my Insurance Company (operating worldwide, but in the UK, Colonial Mutual). Those shares are held in my name somewhere and that organisation charges to a fortune to deal so Ijust leave them in situ.
Happily, CBA convert dividends from AUD to GBP and transferr my dividends direct to my UK bank in ££ , which I am perfectly happy with.
I decided to buy some CBA through my broker who operated internationally and by default you have a cash account the currencies they deal in. Most will be zero of course.
IG give you the option (changeable at any time , as often as you want) to deal totally in local currency, for us, GBP.
If you take this option you fund your account and whenever you trade abroad they will convert enough of your GBP balance to conduct the transaction. If you sell overses , they will convert the money back to £!
You lose out each way because they have different buy/sell rates for currency - the same as shares prices - spreads!
Alternatively , you can opt to have multi-currency balances, which is what I have.
I bought CBA shares and receive dividends at my broker account. So my AUD blance increased by exactly those dollars 100% dividend!
CBA were best part of £50 per share so reinvesting the dividend in CBA shares did not interest me (an option I should have taken perhaps, but they are down to £30 currently).
My preferred action was to use those dividend dollars to by TOU (TLOU) shares with those dollars in my AUD cash account. So twice a year I get a dividend which is 100% (less $10 commission) used to buy TLOU shares.
In practice that was the case until I sold CBA at $93 (having bought in the $70 range) and used the money to buy HL. back in Blighty for their dividend! Was going to go back to CBA after the dividend but HL collapsed from £18 to £12 so I am sticking with them for their dividend instead.
So I have ASX shares in TLOU for no good reason just as you thought!
BUT the foreign exchange rate between AUD and GBP varies all the time , so as MM said, arbitrage comes into it! If the dollar became extremely strong against the £ I can sell my ASX holding and settle in £ for a small windfall. And vice versa, of course!
I hope that gives you some incite into foreign exchanges from our point of view!
From the companies point of view , they simply prefer to have shareholders money from three countries rather than one? And the added work makes it worthwhile!
E.G. Which exchange did the pension fund use to buy their shares? Unlikely to be the FTSE, and if it was BSE (I don't know without researching) would they have bothered on the the other two?
And TG's professional friend, bought through ASX .... would they have ventured overseas?
I think TLOU kno hat they are doing .... so relax!
Bloody hell, I'm sorry I looked now.
It wasn't £30 on this one that I found, see what I mean Zippy?
I hate banks!
12/01/2016 FOREIGN CHEQUE DEPOSIT FEE 0015 1029 648 0076079 £10.00
11/01/2016 FOREIGN CHEQUE DEPOSIT 0015 1029 648 0076079 £13.05
Thanks Brad, totally confused.
I'm UK based and I thought that you are as well.
I don't understand 'If you have children, you don't kill off the grandparents do you'
And also don't understand 'charges' its extremely cheap to trade on AIM
Supposing that you are UK based, its another declaration and box in Tax Returns, there are currency fluctuation if you want to bring the money back to the UK there are charges as well. The bid offer spread seems to be larger on the ASX its not as fluid a market. Can't hold the money in an ISA.
Just not understanding, but definitely not criticising just trying to learn
Give up on ADVFN a terrible site for miss information and not policed by the owners.
My eyes are not perfect clearly!
Zippy, if you bank in GBP , AUD or Pulas , and want to buy shares , do you really want FX charges for every trade you make? And from bitter experience , you really don't want to try cashing a cheque in a foreign currency - the costs are horrendous! I was sent an AUD dividend in cheque
form and my bank wanted £30+ to accept it!
It was why I wanted an international broker so I could receive my dividend in AUD and use it to buy/sell on ASX with no FX losses! ASX/TOU is the baby of course!
I was busy on ADVFN, answering a question by fishguts, about solar. It sums up my anger and joy I think?
====
FG, as to solar, TG wants this business to be self financing so CBM power will finance solar somewhere down the track.
We are on the first rung of the ladder i.e. TLOU have lowered the ascent to 2MW (from the full PPA of 10Mw) but that first rung is solid gold!
Once we have a connection to the grid this company will be operational, derisked, secure! Financing expansion from 2 to 10 to lord knows where ultimately, with solar arriving at some point along the way.
Expansion will be so familiar they'll perfect the process.
Each expansion with provide more expensive electricity than the previous price if the pundits are right and the prices increase with time (for the sub-continent of Africa not just Botswana).
Mathematically it all makes sense.
Imagine how much dewatering and funding would have been required now, in this climate, if TG had requested 100Mw in the RFP .... the guy is a genius. And judging by the recent podcast, a very happy genius .... and I am happy to be in such a person's 'company'.
Back to LSE where I belong. Good luck here .... it needs a lot of patience to ignore posts about the formative years because this project only got started less than 12 months ago with production wells #3 #4 and #5. And at Selemo flares and power were already established! Hearing glowing references about Sekaname and Kalahari Energy who haven't produced any CBM since getting a contract for 180Mw over 8 years ago is too much to endure.
That agreement is what stood between us and a full PPA for the past 2 years!
Botswana wanted proof that gas would flow at adequate rates for the preferred bidders!
After 8 years it is no wonder! They know TG has done it with Arrow and Sunshine , so keeping Sekaname in the frame was the doubt? What changed that they'd suddenly produce the goods 9 years on? And in quantities 40 times TLOU's target???? The RFP was extended to give Sekaname more time to prepare theirs! They have cost TLOU dear! Imho if Botswana had given us sole preferred bidder status we'd be in production already!
Have been over on ADVFN putting the world to rights!
Zippy , ASX was where this company started!
If you have children, you don't kill off the grandparents do you?
I have held back for a couple of days on here because I am wasn't sure if I was allowed to reproce this.
I guess quoting the link is not against reuters copyright?
http://pdf.reuters.com/asxnews/asxnews.asp?i=43059c3bf0e37541&u=urn:newsml:reuters.com:20200406_nASXb0y8vL
Thanks for that. Still seems very complicated, a rock to crack a nut. Possibly I'm wrong but thought that posters were UK domicile.
Was enquiring just in case I was missing an opportunity, thanks for taking the time to reply to my question.
Given the lower liquidity , and wider spread, the sensible question is to ask why people actually trade on it.
Several answers -) firstly because they have to, as in they are Australian accounts restricted by tax and investment considerations, secondly because the time zone might be beneficial for news flow and, thirdly, because there might be an arbitrage opportunity between ASX and AIM.
Happy?
You are welcome.
Yes, I know all that, so whats the attraction?
'liquidity is much lower' a negative for trading TLOU on ASX I would have thought.
TLOU is an Australian company, founded by 2x Ozzie CBM star Tony Gilby.
We were dual-listed onto AIM, and then in Botswana as well.
Australians can invest via their domestic market, ASX, however the liquidity is much lower there than on AIM.
What is the attraction of trading on ASX, am I missing something.