George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
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http://www.investegate.co.uk/Article.aspx?id=201208080700035150J
Well I'm still scratching my head as to why the SP doesn't reflect the yield let alone that rns which surely looks positive! Haven't got a massive amount but added recently more out of curiously as I held a few wichford previously. Unfeasably high yielders are normally ones to avoid having been caught on a few in the past, I think they are sometimes referred to as 'value traps' the cable and wireless duo being classic examples but I confess to having a few of these,alpha Pyrenees as unfeasably high yielders and recently those evraz things that for some bizarre reason are in the 100! Tucked away and largely forgotten about for me,not intending to chase up or down but curious to see if the divs do happen. GLM
"The proceeds from the disposal of approximately €80.0 million will be used to settle the original VBG facilities in full. The facilities have a current outstanding balance of €117.3 million.". Does that not mean a gross gain=NAV increase of €37.3 million ? What is wrong with that? http://www.moneyam.com/action/news/showArticle?rnsAgreed=1&id=4421169
4.4p dividend for the year! That's a 17% yield!
Thats a fair sized purchase!
Redefine International 25-Nov-11 , Michael J Watters Buy 939,000 @ 38.50p = £361,514.99
There are large movements os shares that has been happening this week which I haven't seen for a while. What's going on? Also director bought on 1 November 2011. Something must be brewing. Wait and see what happens beyond the Euro crisis.
X-Div today I guess? Does anyone know where we are heading from here?
Hi Grogsy Something else you may care to consider is that at the time of the merger the intention to hold a Rights Issue during the second half of this year was announced. The 2010 results are due on Tuesday 1st November so it is quite likely that details of the RI will be announced at the same time (unless they wish to delay due to market conditions). In theory a RI is neutral. ie the value of the shares pre Ex date+ the cash invested should more or less equal the value of the shares post Ex date. However it is not unusual for the post value to be lower than breakeven. (Thanks to TIE on the LLOY board for that tip) Since the SP of a share normally rises in the run up to the Ex Rights date some investors take the opportunity to sell during this period, either to bank profits/cut losses or with the intention to buy back at a lower cost than the RI. Of course on some rare occaisions the post price is higher than breakeven so there is a risk either way. Sorry if this complicates your decision!
I was in wichford and since going to redefine my average 95.125, obviously we in wichford got a bad deal out of the merger so am thinking am gonna have to average down to have any chance of making a profit or should i just flog em and try elsewhere?
up yet, am stuck in here and down more than 50%, cant see nothing other than a long term hold
Yogibull7 - where did you get a dividend figure of 4.7p from or is it your own guesstimate?
Looks to me like big boys have been rebalancing portfolios following the merger + some uncertainty about new div. Perhaps that has now ended. At perhaps 4.7p per share @ 40p = 11%. I would buy but already have too many and must wait for price recovery.
Wichford has been a poor investment over the last 18 months apart from some decent dividends. Since the reverse takeover of Redefine the share price has fallen nearly 20% from 50p. This I see as a complete lack of market confidence and somewhat disappointing to say the very least. What has gone wrong so quickly and what sort of dividends can we expect in the future? Your thoughts would be appreciated.
I would expect the shares to rise following the merger with Redefine. Wichford have been good dividend payers. Worth a buy/hold i think.