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On reflection I think you are right on Melrose.
Im in lloyds now, hopefully good dividend news on half yearly and a boost to the share price.
MRO even more hosting of Circular and Notice of General Meeting Related to the Return of
Capital of 15 pence per Existing Ordinary Share by way of a B2 Share Scheme, a
related 9 for 10 Share Consolidation and Capital Reduction
Melrose Industries PLC (the "Company") announces that, pursuant to Listing
Rule 9.6.3, a circular together with a notice of General Meeting (the
"Circular") in relation to Melrose's proposed return of approximately £730
million in cash to Shareholders, equivalent to 15 pence per Existing Ordinary
Share (the "Proposed Return of Capital"), have been posted to Shareholders
today.
The General Meeting to approve the Proposed Return of Capital will be held at
10.00 a.m. on Friday 9 July 2021 at Leconfield House, Curzon Street, London
W1J 5JA.
ead scratching if you are in and can get out in profit before the 9th July, i would. Well that what i would do.
Oh hang on a minute just been reading the last RNS its not 15p dividend Its a B2 share scheme 9 for 10 consolidation ......
Ive never had much luck with those B2 share schemes ...... Vodafone and National Grid all amounted to nothing .
I don't know what Matt T.B makes of it
HI GS Melrose, yes i ve seen it now........... and i note that Melrose are saying they intend to return more capital next year
"Melrose Industries - If Markets Continue To Recover, We Expect To Announce A Further Significant Return Next Year. :
Bizarrely this could be whats holding the price back big returns tend to slow growth cant have it both ways i suppose
It is competent, buys up companies where it sees inefficiency, improves them and sells them on as it has just done hence the 15p special dividend.
Currently owns worlds largest car part manufacturer gkn, obviously a slow down due to pandemic and now in recovery so melrose is doing fine.
Details on special dividend, google it or look on hargreaves lansdown for detail and overview on company performance.
Hi GS im not aware of this 15p special dividend from Melrose . I will check it out. What i have noticed is that Melrose should be doing a lot better than it actually is. ( in my view) It seems to be out of favour with the market . I ve always thought of it as competent company.
Hi Matt that interesting about those stable coins and the BUSD and USDC are pegged to the US$ then?
How do you obtain the interest earn is it quarterly/ bi annually like dividends and goes into your Binance account.
Re your professional status with IG do you have a professional qualification or worked in the industry?
(Only share if you feel comfortable)............ The odd thing with the pro status is appears somewhat black and white, for instance if you are making a living from trading that doesn't qualify!
Any thoughts on the 15p special dividend payout by Melrose?
Now the best income share available?
GS - Not quite. They have been blocked as an exchange provider, but this does not stop you trading on their website. They have now (temporarily) stopped allowing investors to deposit with then via bank transfer (though you can still do so by debit/credit card), but withdrawals are unaffected.
Hi Opt - Mined and staked crypto are extremely volatile as you say, and that's why I stick to stable coins which are fixed in the value of there currency and hence the only vol I have is USD vs £. USDC is particularly safe as it's backed 1:1 with $ reserves. I'm actually now characterised as a professional investor with IG, but only for the lower margin requirements and greater flexibility.
Good luck trying to withdraw money from binance, hasnt the fca blocked them transacting with uk regulated companies eg banks as of this week?
I could be factually incorrect but thats my understanding of the situation.
HI MTB loads of shares issues their dividends amounts in US dollars so yes, its not a big deal... Your income related trade sounds ok
I use to trade crypto currencies in the old days but disliked the spread and the volatility.
Then in January 2021 when the FCA banned the trading of derivatives and exchange traded notes (ETNs) and crypto tradable assets for retail customers trading on online platforms such as spread betting platforms i decided to sell up and give up on Crypto.
I could if i wanted to trade them as a professional client but as i am a retail client that's not going to happen. ..
Ill be glad when this month is over from a trading point of view. Its been very sluggish........... its the old adage ... "Sell in May" and go away .. Football tonight guys any predictions ? i m going bullish and saying 3 -1 to England ... bring it on
I use binance, but only for the 'Earn' functionality and only on Stable coins like BUSD and USDC (stable as they are fixed in dollars). I'm earning 6%pa on this currently. It does mean I have dollar sterling risk, but to be honest, at c1.40, I'm pretty happy to run that bet. It's not actually the most straight forward site to use (though I'm slowly getting there!) but is one of the more reputable.
Ok GS yes its been a weird couple of years, lets hope everything gets better. "No regrets" the way to go !!! have a good rest of week
I dont hold crypto on any platform I tried to register and because gov postponed out of date dvla licences for 12 months failed to get registered with binance and in the end didn't bother - with no regrets.
HI GS as a rule the FCA are usually a totally useless and toothless organization especially when it comes to companies manipulating the markets and fraudulent managers of trust funds of the likes : re Woodford. they do nothing to get shareholders funds back and let the guilty carry on.
Sadly bitcoin seems to be plagued with fraudsters and only three days ago the Africrypt brothers appear to have absconded with $3.6 billion of investors Bitcoin . There are one after another dodgy deals going on all the time.
A couple of weeks ago Barclays bank banned all its customers from buying bitcoin using their Barclays accounts.
The situation with Binance Is that it cannot carry out any "Regulated Activity" in the UK as it has not registered with the FCA so its not allowed to operate an exchange in the UK. ( it shouldn't make any difference to the trading on its website though
The reason the FCA wants them to register is because it's concerned about the potential for "illicit activity" .
From memory i think Binance operate from the Caymans .. I don't know much more but like i say it shouldn't really worry you if your holding on that platform.
Come to the conclusion fca are politically controlled shoe soles(you get my drift), first they tried to stop dividend being paid out now they're e treating everybody like children over crypto trying to ban transactions taking place(binance being blocked for starters), oh and also making final salary pensions a nightmare to transfer.
Im an effing adult if I want to blow my pension or make a million, same with crypto let me do it.
Darktrace interesting share and had some phenomenal growth in a short period of time. Maybe a bit pricey to enter now... Its in my watch list for a decent entry price
I love all the UK financials - Lloyds. Lgen, Barc, M&G all decent positions for me and I've been adding in recent weakness. My real winner at the moment though is Darktrace - AI learning cyber security - just did a deal with MSFT (despite MSFT having a competitive product) which speaks volumes I think.
Hi GS yes agree LGEN and M&G both decent shares to hold, so it often about the execution Lgen the better buy technically right now?
Some interesting long-term predictions for Hotel choc and Saga ill be looking at the charts over the week end
More green lights coming, check out 12 month graph, currently 450p equiv to 30p on original share price.
12 Month target 700p.
Current price 372p, 12 month target price 500p
My tip as mtb is well aware was mng over lgen and its closed the gap considerably.
Lgens a good long term pick with a solid dividend that provided when many failed to do so in recent years.
HI GS the Morrison saga will be interesting to watch.. Morrisons established in 1899 yikes some history therre do they actually wan to be bought out? Silchester investments owns 15% of the company .. Amazon maybe lets watch play out from the sidelines............. Agree re one power source ...you only need a couple of solar EMP blips to temporarily wipe out the grid and every thing stops.. The Matrix films had then in in fantasy but its real enough, i believe EMP weapons have been developed now
Im thinking that LGEN Legal and General are ripe for buying right now!
Totally agree electric prices will spike on increased demand so it will cost the same for electric as petrol.
Only way different is if future technology with fusion cuts costs.
From a national security perspective I think its totally nuts to rely on a single source of energy for all products.