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Big thanks DT . I'm very happy atm ,could be a bit bumpy with others profit taking etc .all good for now. :)
Excellent result Scott, nice one, thats a decent stock you pick - so many duds out there that are so easy to pick and then panic about.
Excellent work Grow Up..you summed up the UK Market Perfectly.
Neither a troll or a d.ckwit. Worlds on a downer I get, but when it recovers I'm hoping to be gaining from it. If the world continues to go downhill it matters not wether it's the FTSE or Dow or whatever your invested in as we will all be royally f.ked.
Nosesseignotum are you trolling with your question below? I ask because:
a. This board is attracting plenty of such d*ckwits and assorted fantasists at the moment; and
b. You would have to be an utter clown to put money into GLEN.L as a long term investment.
The share price repeatedly gets yanked down 20 - 30 %, usually precisely at a time when no sensible retail investor would see any sign of that being likely. (I dare anyone to show me a post where they predicted this share turning utterly without warning at 5.83 last January, or immediately losing another 20 % on top again this year, starting the very first day of trading and going down more or less ceaselessly since. Don't show me posts after USB let that stench out of the bag that the dividend was going to be destroyed. A monkey could see what was going to follow from that point.)
If you want to buy into a share that has now endured a pretty much ceaseless decline over 14 months of circa 36%, all whilst the company has been paying out record sums; has announced a supposedly value-transformative acquisition; and still posted its third highest EBITDA ever this week, dive right in mate. You would have to have a very optimistic view of how anything would ever drive this share up meaningfully again at this point.
If you are still tempted though, I would also just flag for you that GLEN.L has twice since it listed collapsed to near complete wipe-out prices that make what has happened since last January look like a picnic.
The fact that it suffers these violent price movements is highly abetted by repeated appalling management decisions - such as destroying the dividend this week. Because they let net debt blow out to £4.9 bn in the last year from nearly zero, wholly behind investors' backs until owning up to it this week. In large part by carrying on with more f*cking stupid share buybacks, despite being well away that commodity prices were retracing.
Worse, they have done so at a time when net debt is now going to have to increase even further to fund the EVR takeover. Which they have now revealed means the combined coal business will likely not be spun out any time foreseeably. The whole point of buying EVR i the first place! What a triumph - a "transformative" acquisition that a. has thus far destroyed the share price by roughly 20 %; b. has also now taken away any dividend incentive for investors to stay in or enter the share for the foreseeable future; and c. will unlikely lead to a coal spin now out any time soon in any event.
(Ps - I am well aware they are actually "distributions" not dividends. Let's not have any more silly posts on that please.)
Plus you may want to consider the fact that the FTSE has it seems now been reduced essentially a dogsh*t sideshow alley for short sellers. Other stock markets are roaring, the FTSE just keeps falling. Difficult to see what would change that any time soon
Just feeling for the general opinion on adding Glen all the way down and perhaps up to 450. I'm hoping to get enough so in 5 years I'm well ahead on capital and reaping divs. Rather invest in something we need than flavour of the month tech. ( I do have tech but in investment trusts)
I'll let you know when I'm on 2 and a half.
Jeez man
140.now worth 206
Jow much u put in nvidia
Thanks MK,yes thankfully i called it right ,its put the smile backon my face 😁, its been along time coming .
Good luck to you guys. :)
Scott - your bet appears to to play well with NV and fwd with higher targets now 1.4k- seems no limit.
Thxs Troajan you r probably right about the bubble , later perhaps 3 to 4 yrs down the line
Hoping turnover in Glen
Likes to put the boot in .....
“Could saved yourself a lot of writing to do simply that.”
As could you had you checked your post before posting or when I posted my reply.
You sought to insult and belittle someone with what you posted.
You told me I was “confuses” - putting me down.
Any offence you take - and how you appear to others - is of your own making.
You could have just as easily stated i was 100% correct in what i wrote - with the exception of inadvertantly writing "nice fat dividends" at the beginning of my example, instead of "nice fat capital returns".
Could saved yourself a lot of writing to do simply that.
I am fully aware, thank you, of the difference of each and how they are treated. Its been an ongoing topic on here for many many years, as well the poster i was replying to knows also.
“Meconopsis
You are getting yourself confuses between 'captiatl returns' and 'dividends'.
They are not the same things at all and are treated totally differently, as stated, under taxation rules.”
You are correct only insofar that dividends (payments declared from excess, retained profit); capital distributions (most typically from the sale of an asset) and share buybacks are all a form of capital return to the shareholders.
Your example stated dividends. Dividends are taxed as income. They are paid after the payment of corporation tax to the shareholder who then pay tax on dividends based on their marginal tax rate - https://www.gov.uk/tax-on-dividends
If a company declares a capital distribution to shareholders then that is taxed via capital gains by adjusting the base cost of the shares - https://www.investopedia.com/terms/r/returnofcapital.asp and https://library.croneri.co.uk/cch_uk/hmrctaxm/cg-cg57800 (I can’t be bothered finding the HMRC bit).
My only point with all this being that if you’re going to call someone dumb then please be correct with what you’re insulting them with.
I make absolutely no judgement about anyone’s dumbness here :)
That's painful.. us lower dividend because they want to pay down debt ...why didn't they do that before interest rstesxeent sky fooking high instead of buybacks and juicy divis ...absolutely genius
Glencore profits dropped by three-quarters in the year just ended as coal and metal prices fell and trading income was also reduced.
Revenues in 2023 were 15% lower than a year ago at US$217bn, while profits from its production arm were down by 52% and in trading by 46%.
In total, net income fell 75% to US$4.3 billion, which included impairment charges for the Mutanda cobalt operation and several zinc properties due to lower price assumptions.
Up 20pc in 2 days my isa doing better by the day
https://www.google.com/finance/quote/NVDA:NASDAQ
25k up in a hour u must have put alot in.
Cheers Mr T,
Your advice is very welcome, Ai looking good for a while yet,as soon at it Stalls I'm outa there.
Well done scott.
but dont forget,at some points,those asset bubbles will burst.
but ime sure your aware of that
i did similar with he1 at 0,20p,,it went into an uptrend bubble mode and ive sold most of them,leaving a bit in,just incase case
Thanks guys I put myself on the line with NV ,
Sold all my loss making stocks took a huge hit ,knowing I had a chance of turning it round.
Thankfully it's paying off .:)) good luck everyone
Scott
dont forget our pact on your gains....50/50.lol.
Always good to make a few quid Scott, well done, thats quite a few chippy teas