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That MNG div yield is outrageous! And well covered, too. Investors there must be expecting an impending bear market of quite some magnitude, to price up a quality, value style fund manager like that, who has been around for decades. What am I missing?
Hi O&W,
Thanks
Yes, I am on the same page as you. Made some money in high risk and will be cashing out as each stock reaches my target.
For yield a couple you may not have found. The likes of LGEN, AV etc are obvious but look at…
PAY, quarterly dividend with a good economic upside. Don’t buy yet. It will likely get knocked back if Omicron kicks off but it recovers quickly. It’s on my watchlist to buy sub 600. Then 580 and so on if it drops. It’s technology is coming on stream and management have guided results as on track recently. There was some regulatory issues but seems sorted now.
Also MNG silly yield 9.8%, and pe less than 5! Soo cheap. Mostly imo coz it’s still newly listed and there are lots of holdings RNS’s as insti’s find a balance. Look for sub 190 again..
Also on AIM if the market dips WINK (retail land renter)and PGH (corporate services, great CEO) both quarterly payers. look at Chart for PGH. See how it’s steadily recovered. Maybe another pull back soon if so they could be worth adding just a few.
However, all said. I seriously have researched most of the divi plays and there are none better than GLO atm.
It’s my only income stock for now as I sold the rest on the last peak to run a few higher risk plays a bit harder.
Good luck with your investments
Merry Christmas
Trek
Trek, morning.
It's still very much under the radar, even though we have been spreading the word here and there. Wouldn't it be lovely to build up a bear market-resistant, high yielding portfolio to live off? That's my plan for half of my SIPP that I live off now. The divis are starting to roll in. PAF, CEY, POLY in the gold mining sector for starters. Also DLG in insurance. And, of course, GLO for which I have you to thank. ATB.
Up 5.35p atm
Been lots of huge UT’s this week.
I just wonder if the market has sniffed out an inflation beating yield as it takes risk off highly leveraged, interest rate vulnerable tech?
Remember GLO’s divi goes up 10% yoy. It’s in its ‘constitution’! Lol!
Back to 200’s soon imo as it never broke through downside resistance at 180!
Usual caveats
Trek
I've found another 2 buys worth of cash, but undiced whether to add another £12.5k of this or add the same value of BHP. I already hold RIO, but I like to have at least 2 stocks in each area. But I do really like the look of GLO. Perhaps I just wait and see what happens over the next couple of weeks.
Another +£300k UT trade. This one took us up 3.6p at the close!
Could be an opportunity to sell a few and grab them back cheaper at the opening bell on Monday if you like to trade the margins.
Usual caveats
Trek
Big UT trade for here today. Not helped by the 45k sell. Knocked the wind out of the rise. It will soon clear. I have set another buy order.
Trek
Sorted now and I have a strategy
I meant out of my BED account.
Hi
While I would not usually consider dividend capture strategies, as I tend to try and pick a stock to hold and would consider myself an investor not a trader, I havea puzzle I need help to solve despite checking online.
The last couple of years I have maxed out my ISA and the wifes ISA so started a BED account.
I need to start thinking about the next tax year and how best to move stock into the BED account for 2022 and beyond.
I will of course keep an eye on tax implications as I go to minimize losses.
One strategy I am considering is selling after the dividend is declared and on the lead into the ex-dividend date from the BED account, transferring funds into the ISA and buying back the stock post ex-dividend date. I am just not sure how the timing works and if it would be effective.
The problem I have is the time delay, by the time I have sold in the BED, transferred funds to my bank account and moved them into my ISA I am looking at 4 or 5 days and while this delay could work in my favor, my luck suggests it is more likly to work against me.
All things being equal I am transferring the stocks likly to cause the biggest tax liabilities first.
Has anyone done this or can offer any advice or pitfalls to watch out for.
I appreciate that its just advice and any adverse outcome is my responsibility, but it may give me things to consider that I hadn't thought of.
Thanks in advance for anyone who can find the time to reply.
Well I nearly decided to wait this morning, now glad I added 3198 at £1.8638.
That brings my total holding to 8568 shares at average of £1.867 including tax etc.
Unfortunately I'm done now as adding more would mess with the feng shui of my portfolio.
The signposted Q4 update on monetising the undervalued renewable assets in Brazil might give a SP boost a bit sooner.
Can't understand why this trades at such a low p/e and high yield given the visibility on earnings and div cover, not to mention the potential for growth, as today's update demonstrates. More than happy to chuck cash in here for the divi alone but I would expect it to trade materially higher at some point in the next 12 months.
Well I've added somemore GLO, DLG, and RIO to my portfolio this morning.
Omicron while looking more transmissable, so far seems to be low risk. Despite the increase in cases, there have thus far been no fatalities and symptoms are mild.
Hopefully the markets will settle down, until the next one of course.
Well done Trek. I noted your comment on this stock on another board and am researching with a view toward adding this as an income stock. Btw I think the USD is a basket case going forward. Just how far forward I don’t know but it’s a declining power.
So GLO upgrades guidance. Predominately driven by gas price, capacity and demand in Spain. Given the BoD under promise and over deliver. There will very likely be a beat for these numbers.
The outlook is for colder winters hotter summers. Both require more energy. We also have acquisitions to bed into the bottom line.....
“Given current trading and in particular the stronger than anticipated financial performance of our natural gas fired power plant based in Arrubal, Spain, the Company now expects FY 2021 adjusted EBITDA to be $810-8401 million, up to $30 million above the guidance range communicated on 25 October 2021 of $780-$8101 million.”
$30m not too shabby! oh plus $/€ fx tailwinds. Whilst one can never guarantee that the $ looks set to rise with monetary tightening.
Usual caveats
Trek
I will be looking next week to buy another batch of £5k.
I am actually getting towards the end of of buying batches of any note with only about £28k spare funds left and I'm getting even more choosey than usual so will be hoping for a sub £1.83 price, although to be honest I'm not sure it matters that much over the long term, and it does seem like good value so whatever happens within reason I will probaby fill that order in December.
It will bring my total investments up to about £325k, which while not a fortune should in the next couple of years help suppliment my work based pension.
Also have a read of TrekMadone's posts.
He/she makes some valid observations which may prompt further research.
While I would advise against investing based on the advice/views of anyone, including me of course, there are certain posters on these BB's that can generate further research by the investor.
Read GLO Financials thread below dated 24th September, should answer yor questions.
Hi All,
Looking out for alternative to usual dividend plays like LGEN, AV, BP etc stumbled on GLO via YouTube. Video talks of 20% + divvy paid monthly in USA, but LSE quotes 6.8% and says nothing about paying monthly. What's reality of income in UK? And what’s the tax treatment in UK and dealing costs – is there a levy and requirement for separate account?
Lol Silver,
All part of a bigger plan. I have built a position here from profits in biotechs, O&G and some goldies. Don’t get em all right but when I do I have been tipping a little into GLO over time.
I am not concerned about debt here it is structured and well covered. The company even had enough cash to do a buy back earlier in the year.. I think O&W, who I believe was a fund manager has covered it well in his last post and he will have a better grasp of it than me.
I can’t believe the opportunity to add at these SP levels. I have had orders from 184 to 180 filled recently which has now got my average down and more importantly income up.
You can see the trades sat on the bid on the company website. There have been a few at 180 earlier today which took the SP down. Most have cleared now.
https://www.contourglobal.com/share-price-tools
The year low is around 175 and the covid low is 144. Should those prices come around again then I will be a buyer but for now I am maxed here.
I think our low carbon energy pf would be attractive to any major looking to add renewables but the major investor will put any bids off but never say never!
I note we now have a CDP climate change score of D. Which is declared. I wouldn’t be surprised to see that improve now that they have submitted. It’s more an engagement index. Even RDSB have a B score! But it does make investment here more widely inclusive.
Good luck with your investments
Trek
TrekMadone
Thanks for the response.
Just got back in and added another batch at £1.8292.
I've been looking at this stock for a few weeks now but had to wait for some more funds to become available.
I tend to only buy stocks I intend to keep, and only sell if something changes. I am at the stage where I lean towards dividend stocks, with the odd growth stock.
I obviously like to buy low, but I am more interested in quality and value rather than cheap.
Its the 22nd stock in my portfolio and will need to buy another batch of this stock at some point to balance the portfolio.
The stock looks like good value and gives some nice diverse geographical exposure.
Hi Trek. I agree and this is on my shortlist for the ISA. The only negative is the high debt levels. I also take divis in cash for extra flexibility. This is a big contrast to your small goldies!!
Hi Paul,
You are in at a great price imo at the low part of its trading range.
Not advice but I take divi in cash and buy the stock by placing orders. That way I think you get a better price than just letting the MM deal.
Appreciate it can be expensive in trades (I pay £3.99) but you could add the divi cash to your periodic £5k and then try for a better price.
The SP rises ahead of the divi but seems to tail off a couple of weeks after rather than on the x divi date.
Anyways just a thought. You can work it out from the charts but if you are buying for a long term hold it is probably insignificant.
Good luck with your investments
Trek
I just opened a small position in this today 2656 shares.
I will watch this with a view to adding stock in lots of £5k, and reinvesting dividends.