Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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Thanks CDSI, I am inclined to agree with you as often cey doesn’t drop early as much as the divi plus this is a small one, so any market news or gold change will outshine it. However I already just did. Amazing get the same price on near 200k as 200. To be quite sure can I buy them back first thing tomorrow and I won’t get the divi, the owner after end of play today will? Thanks ps hate trading as so nail biting and doesn’t suit my character
correct Sotolo. If you sell today you do not get the divi.
Over the last 6 months I have traded several shares for the divi where the drop has been far greater than the divi.
For CEY I do not think it is worth trying to trade.
The SP will move tomorrow based on whatever is happening marketwide, together with gold movement, and the ex div drop. A couple of weeks ago I expected a 4% drop in POLY's SP on ex div day, but it went up over 2% on the day, so was a big mistake to sell day before. You just never know ... only hindsight will tell us after the event.
As my shares in a SIPP, there is no short term tax effect as do not pay CGT or income tax on the divis.
Tax comes into play when I withdraw funds, which are taxable as income.
GL Sotolo - cheers - CSDI
Hi Sotolo
Ex div. tomorrow -20th...Record date 22nd. - It depends how long it takes to update records. - If you're registered as a shareholder at close-of-play tomorrow you are paid the dividend. - The question is I suppose, if you buy tomorrow, will the register record you as a shareholder on the 22nd. - It's a good question and one I've often wondered about.
Am I absolutely right that if I sell shares today and buy back tomorrow I will not get the dividend? I don’t really want to pay 37% tax on it. Prefer b&b cgt of 20%
Hi Cowichan,
Thank you for your perseverance on behalf of all share holders in trying to encourage Centamin to provide the now long overdue updates and information promised to share holders on several occasions in the past by Andrew Pardey.
From the comments on here and elsewhere other share holders are also very frustrated ,even angry that what seems to be your perfectly reasonable requests for Centamin to honour past promises of disclosure made to share holders on several past occasions haven't been honored, or at least acknowledged with some credible explanation as to why why it hasn't been possible to provide the promised information.
I do hope that some other members/share holders will support Cowichan in his quest on Twitter or even by writing to Centamin.
I appreciate that a few member do email or telephone Centamin, so thank you to them, but i wonder how many of those who have been so keen to criticise on deviations from purely Centamin matter's are now willing to either Tweet or write to Centamin on this issue and update the members on the response back?
Once again thank you to Cowichan for his efforts on behalf of all share holders.
So FTSE down on Uk inflation....when i had stopped laughing because the inflation stats are all rubbish as we know and you can probably quadruple or more inflation on things people really need like food housing energy...so i presume the uptick is apparent on the rubbish stats so that's just the smoke you smell when someone's having a bonfire...somewhere inflation is raging just like the bonfire ! So uk shares fall PM's should rise but then they are uk shares ...margin calls general sentiment related ? I mean let's face it you'd have to have your head in a bucket of sand not to know about inflation....you even hear people talking of supply shortgages and price upticks in shops for crying out loud....never hear d that before....seems this the 70's again and i was kid then
I think with this going ex Divi is a BIG bonus as I cant see this falling after Thursday. The Only Way Is Up!! Gold is Bullish now!!!
Spindler quite so, that sale by Eduardo Hochschild hardly showed confidence, especially without any other explanation, now does the hedging of silver
Interesting thought, our share price would be 140 at the exchange rate of a year ago. Wor the remembering that as we work in dollars our share price gained a lot on the pound’s initial fall on Brexit news, and then further falls as negotiations went on, but has regained 15% from the low. Of course our share price was 185 a year ago. But fall is not as bad as it seems , a real 25%,
I'm in a rush today!
Here's the graph.
https://www.tradingview.com/symbols/TVC-GOLD/
Absolutely right, Harold. Take a look at the gold chart below and look at the curve from last June to mid July and compare it to the last few weeks. Back in July there were analysts saying it was 'overbought' and about to crash as tech was booming etc. Then look what happened - smash! How do we know it won't do the same this time? In fact, take a look at the comments on that graph and they're all bearish.
I've just added a small amount.
I'll just hold as SP is cheap at mo and this divi is too small to make a difference on activity.
If you believe in gold on the up, plus impact of Basel, not worth selling.
I felt the same with the rns from cey in oct 20 and bailed which proved to be correct move....feel slightly different under new broom....i have bailed out on cey because of the divi and will buy back in...divi's always seem pointless to me i'd rather the company kept it but i know the argument for them....i just don't agree....Fres keeps itelf poor paying divi's and what is that Poly one all about.....and we have all heard of companies borrowing to pay divi's which is insane....I do keep an eye of directors sales and buys which i missed (no excuse) on cey last year...
I recall the Institutions piling into Hoc up to ev div date last autumn...only for an rns that the chaorman had sold a chunk of his shares at a discount to the market price and increased the shares in free float at the same time. Iactually sold Hoc in the ladt 10 minutes of the trading window....wow the divi sure did cost them in that case.....personally i viewed that as a honey trap and i don;t have much faith in Hoc since then....pretty low....he knew what he was doing and it doesn;t show a lot of respect does it ?
There is no advantage in buying a share before the dividend, in fact the opposite if you are not buying in an isa or sip. The share price should fall by the amount of the dividend the day it does ex div. (plus any changes for other reasons that would be happening anyway). You pay dividend tax on the dividend (unless within your allowance in which case also no cgt) but the cheaper price by buying after it means you become liable for cgt for that amount when selling, but this is at a lower rate or nothing if within your chunky allowance. Therefore buying in advance of the ex div date for the div makes no sense. Of course the divi makes big sense for long term holders but to shift to cgt I actually sell before exdiv date and buy back after tho scarier in a rising market.
Shares on the major European stock market indexes traded in the red in the premarket on Wednesday as the traders anticipated the inflation data from the United Kingdom, set to come out before the start of the session, as well as the report on inflation in the euro area, scheduled for release after the opening bell.
The coronavirus strain, initially uncovered in India, remained in the spotlight as the country logged another record increase in daily deaths attributed to the virus.
The DAX dropped 0.85% at 7:31 am CET, while the FTSE 100 concurrently lost 0.82%.
The euro advanced by 0.10% compared to the dollar at 7:32 am CET, selling for 1.22346, while the pound stood flat versus the greenback at the same time, changing hands at 1.41901.
Breaking the News / BU
Agree there has been no increase in volume traded that would suggest interest as a result of the dividend. Lots to be optimistic about for the coming year though. Reports coming out of Capital Drilling have been really positive. A definite hold and reinvest dividend for me.
I dont think 3c is going to create much demand, when so many other shreas going ex div on Thursday have better % returns.
Disappointed that the final divi (3c) is lower than interim (6c).
Assume we will be looking at 9c again for yr end Dec 2021.
Cheers & GLA - CSDI
https://twitter.com/CentaminPlc/status/1394687127439429638
@Centaminplc is looking forward to attending and presenting at the #BofA Global Research Global Metals, Mining & Steel Virtual Conference 2021 May 18 - 20
https://twitter.com/DonLawson_/status/1394705981347549188
pardon me west Africa.
As long as the Gold price stays above $1800 I do not mind . The end of the year or 2022 production will start rising again, the AISC will drop and profits rise substantially on top of that possible more potential with prospecting not only in Egypt but maybe E Africa.
Pity the share price isn't tracking gold,and on Thursday the price will fall anyway,l think it's going to be a long time before it moves substantially
Auson
Gold has been in a secular bull market since the 3rd August 1914 - in Britain in any case. Is that true? We've had periods when sterling has been on the gold standard in various forms, but outside of that (even inside the gold standard with the 1967 devaluation) we've had currency debasement ( a nice term for hidden taxation). I suppose our job is to try and buy gold during the down phases with all this money we've made from tech shares and crypto (well, some of us), and turn it into proper money.
If only it was as simple as that.
I bet Elon Musk has already sold his Bitcoins and we'll see a news headline soon.
Ha, bl@@dy, ha, Centamin. So you didn't make it to 124p at 3pm. I can wait.
Gold bulls to ride higher towards $1900!!
already up to $1873!!
Some highlights from the latest Berenberg note re Capital left on the "Centaminers Table" for those that are interested, didn't post on here as it may be regarded as not pure Centamin chat.