George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the 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.
Vinod, the divi is on top of the £35 and the discount arises because some investors would rather take cash now and reinvest elsewhere than risk the deal not going through for any reason. Personally i am waiting and adding.
Can someone please explain me the maths behind 35 including dividend? Dividend is on 16.2p per share so does that mean that the market is discounting the price from 34.84 to the current price of 32.80? Thanks
I think the current price represents the crowd's appetite today. ie Nothing is nailed on. I was Raleigh on here ( change of tech, change of name ). Over 50% for me in 6 months.
Can only speak from my perspective, which is never turn down a good deal in the hope of a better one - everyone will view it in their own way.
Are we guaranteed for the sp to go to £35 because that's the offer even if its not accepted,in the mean time?
Hi guys
This is my first share that has been part of a takeover so I'm unsure how this will pan out but I'm a bit confused why anyone would be selling when it's almost guaranteed to rise another 6.8% or so and many people are selling.
Been an odd one for me, but turned out well. That'll do.
talks terminated
Why a fall today? Thought a bid was coming!
well this could interesting
Gets my backing and sounds like a great deal
anybody got any views on the takeover speculation?
This one is not working for me. I have sold.
A chance with this one, but ages away.
https://www.navalnews.com/naval-news/2020/11/royal-danish-navy-eyes-towed-sonar-systems-for-absalon-class-new-asw-role/
Not a lot to be taken from the update, encapsulated, business as usual.
"Order intake remains strong with good revenue growth, as anticipated. Operating margins are slightly better than expected due to lower indirect costs related to the pandemic. These costs are expected to normalise in 2021, alongside further investment in the business, as previously communicated."
Views on future USA defence, under Biden. Difficult to see him picking a fight with the Pentagon and it's backers as part of his plans to unite the country, and domestic matters are an obvious first in that respect. I imagine there will at least be subtle changes in defence priorities, over quite a lengthy period. Nothing drastic, but most going to be stuck with fairly flat budgets anyway.
https://www.airforcemag.com/what-a-biden-administration-means-for-defense/
https://navalnews.net/general-dynamics-seals-a-huge-contract-for-columbia-class-submarines/
It is at least possible that having worked with General Dynamics before, Ultra could be appointed as one of the sub-contractors. That is a guess.
I continue to take the view, as a punter, that fears for the future of the defence industry, pulling investors out of such shares, in the event of a Biden win are overblown. It is a simplistic view that sees the United States wishing to maintain its military competence in uncertain world affairs.
Hence my investment at this stage.
A view on the politics
https://www.defensenews.com/congress/2020/11/02/what-the-defense-industry-is-seeing-and-saying-about-the-election/
I bought some of these today, really as a result of considerations around this.
https://www.proactiveinvestors.co.uk/companies/news/932930/european-defence-stocks-at-unwarranted-20-year-discount---broker-932930.html
Like Bae, it seems, for the moment anyway, hopefully to be in the early stages of coming off the most recent low. If it turns out to be a takeover target at some stage so much the better. Bit of an inexpensive punt, perhaps.
Although the price has ticked up Thursday and Friday, on both days far more was sold than bought. What do these II's know?
17-Jul-20 17:48:23 2,087.791 209,885 Sell* 2,088.00 2,090.00 4m
I sold out Thursday, as I strongly suspected I could get back in at a lower price. Not sure I want to now.
So on the 12th June, Invesco up their stake from 5% to 10% of ULE as per RNS. That is 7m shares. Looking at the volumes for each day, it looks like most were bought on the 11th, with a 1m candle, though its been done on the sly and not affected the SP much. We also have multiple directors buying in since March, who now have a lot of skin in the game. Now today we have 15m bought vs 2m sold. I think the smart money is buying these up, and I agree with the brokers notes that this share could reach circa £25. ULE deferred their dividend back in April due to Covid, however there seems to have been no impact upon their business. Im hopeful of nice payout and a nice rise up to the interim results 30th July. I did sell out of these, but soon bought back in, and have been building a large position here at £19 and £20. Hope to get some more but fear £21 has been passed now!
Good news on US navy deal. Should see this one weathering the COVID storm and moving up onwards.
Im starting to feel a bit twitchy here, any opinions as to what next. I think its going to be while before we are due any RNS. Goldman has now downgraded this. Im hopeful that the board wont let this sink much further as they all bought in around this price not long ago. I think this was one share that should not have cancelled the dividend, I cant see how there long term contracts or there staff are affected that much by the current situation. I also think they will be part of the solution when we have to spend our way out of any downturn.
12% shorted now.
Yours Concerned
vb6