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I just need to raise funds no reflection on were share is going .
What is the Russian holding ( they did not name in RNS on Friday 4th )
,,. I have a chunk of these in the pf. Right now we are in a sweet spot with £1.50 certainly achievable in the next few weeks.
Agreed RyeSloan. Gold hitting new highs. Other commodities mostly roaring ahead. Inflation threatening. Where do you invest for safety mow? Look no further.
Not sure if it's possible to see how much the treasury shares cost in total but they bought back 700,000 of them in 2020 at 66.5p...they have been re-issued at over £1 recently so a not insignificant profit to the company on them! Treasury shares are now exhausted so any new issuance are new shares. As these are at a (modest) premium this is to the benefit of existing shareholders not only from that small premium but also helps to enlarge the overall NAV and thus shrink the OCF. As this is a relatively small trust the issuance of new shares is something that should be welcomed. It's certainly in a sweet spot just now that's for sure.
...playing out perfectly for this IT. Money should be pouring in,
Good - useful comment thanks
not correct, patxd. The shares are ones which have been bought back by the co at lower price in the past and not cancelled. By ireissuing them again they are booking a profit.
But have been issuing a lot of new shares that are a dilution unless will provide immediate accrual!
Oil and gas companies raking it in . This ought to be paying out more and supporting a much better SP!
....less than a month away. SP is doing fairly well but I am hoping for a bit more in the next few weeks on a 'run up.'
...it has made the quid and a number of holders have cashed in. The question now is has it got legs to go further and if so, how far?
The yield at this level is 4% and the divi was covered over twice by LAST year's earnings. Since many of its large holdings are in sectors which have become rather in vogue (energy and minerals as well as greeern resources) it is realistic to suppose that it will earn significantly more in the next reporting season and therefore probably increase the dividend. So in my book that is not a reason to sell for now.
Because, BTB, there's freezing cold water everywhere in case you haven't noticed. I've been in these for many years andnce upon a time they were over £1.50. Be very lucky to see them get near that now and if you hold a balanced pf, the rest would be massively underwater if BERI did get there. I am as sorry as the next sucker but that's the market now and with Boris not even looking for anything (except probably a successor) the bloodbath is set to get worse. I am just hoping these will go over £1 - and that my doom-laden prophesy is wrong!
Why isn't this £3 p/share???
run up initially by inflation fears and now down again by the Fed's attitude. Annoying but I am still sure that inflation has not peaked or gone away. Holding for much longer. Can see thse doubling over 12-24 months.
Yield getting more respectable now!
Weren’t you lucky! Chinese clamping down on rip off raw material prices
https://www.lse.co.uk/ShareChat.asp?ShareTicker=OMI&share=Placeholder&thread=22BF6119-2011-42C3-88CB-A1AB624780B4...topped up because I believe inflation is only just starting and that these are one of the few ways (infrastructure and index-linked gilts) to try to keep up with it. These are also building up to 30% green energy.
Yes still progressing. Definitely inflation busting!!
Resource stocks now seen as inflation- busters. Still further to go!
This does seem to be holding up well, considering what's happening in the wider energy market. Let's keep the faith!
Hi Olda - And getting better for you too !!
When it is ready to pop'n'drop, with mining stocks flying atm I wonder how much of a pull back we'll get.
Just goes to confirm why I am called CSDI - Lol
Yep CSD. Often it pays to sit on your hands.
Hi Oldabutw
Looks like a good call from you to let this run. I sold out at 81p.
Good luck
let profits run.
Just curious. The Brexit deal is good news but not the cause. Then we have the Trump deal.