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Started: blackford, 22 Dec 2015 16:48
Last post: blackford, 22 Dec 2015 16:48
This has disappointed the last few months, those director sells early this month were a big red flag and I'm out of here now for the time being. Will keep it on the watchlist for now.
Started: blackford, 11 Sep 2015 21:01
Last post: blackford, 11 Sep 2015 21:01
These own transaction purchases have given a little strength to the s.p and don't seem to want to miss out paying whilst price dips.
Started: blackford, 31 Jul 2015 10:43
Last post: blackford, 31 Jul 2015 10:43
Keep chipping away at own share purchases. Like the economy, resilient if not spectacular and becoming solid divi play as outlined in report.
Last post: blackford, 9 Jun 2015 09:48
Looks like they need a good discount, as the w.cup sentiment is going to drag on Qatar short term.
Started: blackford, 12 May 2015 09:56
Last post: bilboburgler, 12 May 2015 12:18
just got to out wait the release of the discount
This has stabilised the last month or so, continued share buy backs and that treasury amount went down again.
Started: blackford, 2 Apr 2015 02:04
Last post: blackford, 2 Apr 2015 02:04
Other than a weaker oil price which I dobt will affect Qatars economy drastically, don't see much else has changed here.. Added last few days.
Started: bilboburgler, 23 Mar 2015 13:39
Last post: bilboburgler, 23 Mar 2015 13:39
came through on friday
Started: the_shareminator, 3 Feb 2015 14:18
Last post: blackford, 3 Feb 2015 21:16
If you look at the PWC report oil and gas has had negative returns last year anyhow, this mirrors the overall Qatari stock market more in terms of growth prospects i.m.o
Growth expected to be stable, with inflation of 4% in 2015 as lower oil prices increase efficiency in non-oil & gas sectors. Not sure if the tender offer is factored in yet, expecting a fall when this goes ex-dividend but should encourage others looking to buy into 2015 growth picture. http://www.pwc.co.uk/assets/pdf/qatar-economy-watch-january2015.pdf Qatar projected to benefit from growing tourism trade in 2015 http://dohanews.co/qatar-hotel-options-multiply-2015-amid-rising-visitor-numbers/
Started: the_shareminator, 13 Jan 2015 10:41
Last post: the_shareminator, 30 Jan 2015 13:24
Yes the stability created through this active participation adds welcome stability. Todays update lists cancellation of some shares held in Treasury, 1,294,661 down to 1,138,969, roughly 156k shares (£200k+). Ex-dividend date confirmed for the second week of February Once the tender offer complete there will be 139,285,912 shares in issue. Market cap today of £201m falls to £180m assuming the shareprice remains at this level.
They kinda to have to buy back when SP gets below NAV and also sell when SP gets too far ahead of NAV. If not some b@@@@r (sorry, private equity) comes in and buys or shorts the thing to "release the value" and the manager loses his job. This is a nice aspect of closed ended funds.
Will have to keep an eye on NAV in 8-9 months time, estimate whether they buy back 10% of shares again.
was a big un?
Started: blackford, 29 Dec 2014 16:52
Last post: blackford, 29 Dec 2014 16:52
This will be another to climb once oil stabilises. Chart over retraced, now steadily getting back on track relative to NAV.
Started: bilboburgler, 21 Nov 2014 11:41
Last post: bilboburgler, 21 Nov 2014 11:41
transaction just went through
Started: blackford, 11 Nov 2014 17:49
Last post: bilboburgler, 14 Nov 2014 13:59
Makes sense keeps the NAV close to the Mkt Cap. While being in Dollars helps a bit.
Says it all. Another year of buy backs on the cards ;)
Started: bilboburgler, 21 Oct 2014 11:22
Last post: blackford, 11 Nov 2014 17:46
Spread widened to accommodate the chunky late is my educated guess. Will keep pushing higher in time :)
Right, the way this share works is that the spread opens wide in the morning when the MM don't have a real view of what is happening in the market. As trades build up the spread closes down, so the MMs are letting the investors make the market.
up to 2.96% this aim, I wonder if this is a morning thing?
Started: bilboburgler, 20 Oct 2014 13:43
Last post: bilboburgler, 20 Oct 2014 16:43
Spread has calmed down to more normal 0.18% from 2.3%
$1.6M just went through @ $1.3513 with a claim of sell, in which case prices should have dropped, what has happened is the spread has opened way out and no activity is ongoing.
Started: bilboburgler, 2 Oct 2014 12:13
Last post: bilboburgler, 14 Oct 2014 13:57
Thanks blackford
One year chart says it all. This is a buy and almost forget type. Something to tuck away if you believe buy and hold still relevant these days. Don't see much to slow down over there bar ww3, somehow I think they will keep prospering long term and expect continued purchases of their own shares for awhile yet. Dont post much here, as many stocks i fancy seem to have little interest on these boards, bar odd higher risk punts. Hope it pays off for you bilbo.
Ths looks like a nice little investment with steady growth. Any thoughts about its direction?
Started: bilboburgler, 3 Oct 2014 17:21
Last post: bilboburgler, 3 Oct 2014 17:21
it does take its time to show any of my buys
Started: bilboburgler, 2 Oct 2014 16:59
Last post: bilboburgler, 2 Oct 2014 16:59
seems to show a bunch of direct traders turn up in the afternoon who tighten the spread. I guess Americans turn up. I'll drop a $1.36 buy limit in to see if flushes some more stock up on the 10k I just picked up
Started: blackford, 8 Jul 2014 20:35
Last post: blackford, 8 Jul 2014 20:35
Ready for a bounce back once World Cup furore dies down, building work still going ahead and this fund well under N.A.V
trade....
1mill trades?...
Qatar Holding, the Qatari sovereign wealth fund and Xstrata shareholder, said that it hasn't yet made up its mind on whether or not to vote in favour of amended new terms that Glencore revealed this week. Commodities trader Glencore on Friday raised its share swap offer for Xstrata from 2.8 times to 3.05 times following fierce opposition from the merger's biggest obstacle, Qatar Holding, which owns around a 12% stake in the miner. Qatar Holding had said previously that it was not happy with the initial exchange ratio of 2.8 though it did "support the principle of a combination". In a statement on Tuesday morning, the group said: "QH wishes to make clear that it has made no decision yet as to whether or not it would accept the Revised Proposal," the group said on Tuesday morning. A decision will be made "in due course after giving careful consideration to the implications of the proposed management changes, the other elements of the revised proposal and the views of Xstrata's board."
its quiet in here!