Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video here.
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With the ftse making new record highs we are about 50p short here currently and Aviva is flying, will have to wait and see how this one plays out with the new CEO, let hope it can improve
The problem here is it is falling a little behind the pack whilst the CEO trumpets his plan. Until that day this is now a bit of an underdog against its competitors.
It could be he gets it right first time and we all see 300p in a few months… or it could go badly.
He would surely have been working on this plan when he was told the job is his, that fact alone suggests he didn’t get to work in the interim; not a great trait.
Done remarkably well, given ex-div history in the last few years. That said, the rest of my divi stocks have been holding up well to, post ex-Div. Some have even risen.
Let’s see how this holds up
Why wouldn't you use your allowance every year makes no sense keeping it in the bank
Not a big fan of MF but a decent piece today on L&G, good balance
Unless there is a genuine new global financial crisis I would be surprised if this goes back to 220p. The price dropped last March/April due to fears of a new global financial crisis which were caused by the failures of Silicon Valley Bank and later Credit Suisse. Then again dropped in October due to the attack by Hamas.
Next week we have UK inflation figures.
Dividend payments on 6th June.
Capital markets date 12th June.
UK interest rates decision 20 June.
Simoes has stated the board have already committed to paying the 5% dividend increase for 2024 and on the market day they will outline what is their strategy, capital allocation and capital distribution policy.
I am looking forward to see their refreshed strategy and vision for their next stage of growth.
Hopefully BofE can grow some balls and cut interest rates in June or at least August and not wait for America first and the SP should push further forward.
Nicknaim - I'm in the same boat as you. All my divi stocks in the last couple of weeks have been resilient in holding their ground ex-div.
I could just top up my MNG and PHNX holdings and wait until they rise 10pc from here.
Agreed LGEN haven't stayed elevated at these levels for long, especially since we're in that silly season of 'sell in May and comeback in October'. Could be wrong this year.
PS : Anyone know what happened at 10:10am? fat finger? Bit of a sharp spike down.
In the hope it would retrace 220s I held back, then pushed the button on a couple of thousand shares at 234p only to see it climb pre div, Im still not convinced it will hold high and dont suffer any fomo, for any I miss have hedged up on MnG as they have been slightly downgraded , have always done well with them, so happy to hold and will always hold spare cash in isa as next divi is only a small one
B-w-f, in answer to your query of 08.58 on 16 May.
My take on this is simply to keep a cash balance in my stocks & shares ISA from paid dividends to be used as & when I choose, this means I'm not using any of the £20K yearly allowance by putting new money in. Yes this means that I'm not 100% invested all the time but it's swings & roundabouts & seems to work for me. FWIW I've now sold here post XD as my crystal ball says a slight correction is on the way, a nice profit on my average so watch it now zoom up over £3. Good luck all.
Not sure how much further beyond £2.60 this can run without wider market dragging it
As to when to reinvest dividend, I had thought about investing same as I was going to get from cash and then replace the cash when the dividend is paid but the problem with that is it eats into my ISA allowance. Any way around that?
I think Wednesday’s UK inflation numbers will drive this price onwards followed by the capital markets event on 12th June. Plenty of scope for further significant rises in the very short term imo.
Definately will not be adding right now, this share historically never stays at its high for any significant length of time, always drops with any economic uncertanties and there will be better oportunities to add here
Thanks good to know
Same, I take the the amount I will get for the divi and invest on ex divi day, usually drops more than the divi payment and a much lower price than the divi re-investment date.
I don’t use extra cash just use profits and divis from other share trades.
I typically invest the dividend value, from other cash, on the ex-div day, so not the actual dividend. I don't auto reinvest. Same for all income. Seems to generally be a lower price than the payment date.
When your dividend is reinvested, at what dare is the price of your share set from ?.....is it the dividend date ?
I hope so. Nice to get more shares with each reinvested dividend
Can anyone explain why there was a sudden change in price after the market has closed like today. It was 251.53 at 4:30 then dropped to 2.47 at 5:51. I know it is insignificant in the grand scheme of things, just curios why it changed after trading hours.
Well that was short and sweet I was expecting to be here all summer at least. Got out at my entry price with £1181 dividend to come. I'm off to pastures new with my div cap strategy. 7.6% so far this tax year. Good luck here and I hope it keeps going up.
Strictly, would there be another possibility of an invite? No offence taken if not.
Sold half my holding today. Pleased to see the sp back to pre-xd levels so soon. I don't believe we'll see that big a drop in interest rates, nor that inflation is no longer an issue. Don't think we'll see 300p or above anytime soon, especially if the FTSE has a correction, which I'm fairly sure will occur sometime this year.
Yep. Biggest three I hold: Aviva, Legal & Gen and M&G. I'll settle for 2% off base rate!
Crossly, Many Thanks.....Great post....imho