Ryan Mee, CEO of Fulcrum Metals, reviews FY23 and progress on the Gold Tailings Hub in Canada. Watch the video here.
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If you've only got a few shares eg 25 sell .
Anybody got any opinions on forthcoming consolidation ,sell before it happens or hold?
Nice profit thanks to the discounted RI..I think this will drift until the consolidation and an upbeat RNS..would it be wise to get back in before then? I doubt it..
Hey all, I'm pretty new to this having shares sitting around and not doing much this them. Time to change tact.
Hardly a quick profit by the standards of some lol. I've been here since November or something like that lol. I'm impressed with your bt bonz. Guy just off the phone offering highly discounted packages to woo back former customers. Asked him to put something in the post and he said he had no promotional literature to hand. Away to have some fun now.
There was a 95.67% take up of this RI with the rump being placed at 94p.
Pleased you got a good price for you RSA holding, should have known a canny Scots Lass like you would not have missed such a good opportunity to turn a quick profit. Have always found RI's a great way to make money over the years, though the sp doesn't always recover as quickly as this has. Those that followed Motley Fool's advice did me a favour as I bought quite a few Nil-Paids early on at 29.5p - using up some of my VOD/VZ money - and am already showing a nice 10% profit, will be quids in when this is back above 100p and paying divs again. Seems you are already well aware of the merits of BNC, not so good if you actually want a cash income, but if you're looking to reinvest divs for long term capital growth then it's very hard to beat. An unbeatable div and the real prospect of an increase in sp now the majority of the financial woes are behind us. What we all need is a concerted rise above 7,000 for confidence to return, came close in Feb but backed away. Hope you're well and all the best for the Easter Festivities - been stocking up on THT goodies?? ATB.
I did exercise the right to take up my rights and sold my shares today at 95.60p I think which is a good result given the amount of time I wasted" chatting" this morning on another bb where I currently hold no shares and here I am now "wasting" more time chatting on a company bb where I no longer hold shares. But it's never a waste of time and always a pleasure chatting with an honest bloke like you bonz. This was a first participation in a rights issue for me so learned something. I read the Motley Fool article advising folk not to take up their rights here and have to say that blanket advice like that is not right for every individual. Some folk will still be chasing down big losses here, some will have used the rights issue to minimise their losses or breakeven and some to make profits. Think you forgot to mention no stamp duty on bnc lol. There's no stamp duty on aim's shares either from towards the end of this month but I know you have never been a fan of that sort of thing. Don't blame you lol. Take care and good luck.
With the sp virtually back to the pre RI price of 95.2p it would have been worth taking up your rights at 56p to sell now for a nice 70% profit. That sort of profit more than makes up for no divs for the immediate future. Plenty of shares out there paying 5%+ in divs for you to choose from. Check out BNC, hold your shares in their SSA and opt for the SCRIP div which is 10%+. No Spanish withholding tax and no need to declare the div as income as it's classed as a reorganisation. I've seen my holding in no. of shares increase by 35% in 3 yrs without putting any new money in!! ATB.
Bought in here expecting a scip divi. Now sold all my shares including my rights. Looking to invest it somewhere else offering me the dividend this cannot offer me right at the minute. Good luck to those holding.
You could always get a Hotmail or Google email addy that is not tied to any provider and come back as QE2 lol!! ATB.
According to the recent data on the short tracker site. Bonz I was given a temporary reprieve by bt but in a few days time my email address is to be chopped off. I can elect to receive their Premium mail service for free for a year if I want to keep the address but would have to start paying the monthly charge thereafter. In return for the free service on a trial basis, I need to agree to be bombarded with promotional literature. One of the oldies has been on the ball and has dropped the 1571 call minder thing or something like that as the charges seemed a bit steep. I'm off on holiday so it looks like goodbye bt from me. Might look at the shares though if they are becoming so revenue conscious. Have a happy Easter one and all and don't be eating too much chocolate.
Yes I did that a few days ago. Thanks very much for the info. xx
New shares will be credited into accounts on or around 10th April, so expect the money to be taken out between now and then. Asuume you had an acknowledgement from your provider confirming you were taking up entitlement.
Does anybody know what`s happening with this? I`ve funded my account in order to take up the offer of the shares but nothing has happened. I`m not sure how these things work. Thanks
Indeed I do QE, but at least I'm back in profit with THT at long last. Certainly looks like this RI is worth it at the moment, as we seem to be heading back to the sp immediately before the shares went ex-rights in record time.
Funded the uptake via the sale of another share and a divi. My own broker requires cleared funds from the sale transaction so had to allow an extra 3 days from the sale for the funds to clear lol should have checked my broker's timetable as well as rsa's. Hope this is going to be worth the effort. GLA Suspect you have a lot more invested here bonz than you had at thorntons. Good luck
According to their RNS of 25/3, the RI closes at 11am on Weds 9th April. Though best to check with your broker in case they are closing earlier. ATB.
The Notice of the 2014 Annual General Meeting includes resolutions to approve a sub-division and consolidation of the Company’s ordinary shares. Details on the proposed sub-division and consolidation are set out in full in the Notice of the 2014 Annual General Meeting available on their website at www.rsagroup.com/agm2014. This notice states: "SUB-DIVISION AND CONSOLIDATION OF ORDINARY SHARE CAPITAL We are proposing that the Company undertakes a sub-division and five to one consolidation of its ordinary shares of 27.5p each, the mechanics of which are set out on pages 5 and 6 of the Notice. The Company currently has a very large number of ordinary shares in issue. This means that a small movement in the share price can result in large percentage movements and considerable volatility. The Board believes that the sub-division and consolidation would, if carried out, result in a share price and nominal value more appropriate to the Company in the context of the UK market. We will therefore be seeking shareholder approval of the sub-division and consolidation at the AGM." Full details of the mechanics behind the Sub-Division and Consolidation can be found in Paragraph 19 on page 5 of notice.
the RI be done and dusted Today ?
My mother has a letter from Halifax share dealing advising that at the AGM RSA propose to ask for consolidation of shares on the ratio 5 existing shares to 1 "new" share. Surprised no one has received anything similar and that there is not a lot of opinion being expressed. Their reasoning is that consolidation will increase the share price to a level in line with their competitors ans will reduce the amount of shares in circulation.The revised share price would be approx £4.50. Seems odd to increase the number of shares with a rights issue then a month later (May) reduce the umber by a factor of 5.
Hello Beerman, I havn't heard this suggestion (5 for 1 ) Can you guide me to the source? Please? To me the idea doesn't make much sense since a 5 for 1 would reduce sp to abt 18p ( a "penny share") A one for 5 consol would move sp to abt 450p. Companies usually do this sort of thing when they think a changed share price might improve liquidity (for eg: plenty of folk are put off buying Next at £67 a share - though Next appear not to be too worried) Good Luck, NB
Many thanks. Your previous answer came in just after I had posted my last question, so I feel even more silly now. Anyway, I disagree with one thing you said: I think you explained things extremely well! Thank you, it is much appreciated, and I now understand the whole thing much more clearly. Thanks again for your time.
Many thanks. Your previous answer came in just after I had posted my last question, so I feel even more silly now. Anyway, I disagree with one thing you said: I think you explained things extremely well! Thank you, it is much appreciated, and I now understand the whole thing much more clearly. Thanks again for your time.
How else would they raise the £775 million they need?? They want an injection of money to keep the business going and are offering you the inducement of cheap shares as a means of getting more money from you. If they just asked you for £5,000 you would very likely tell them where to go, so they offer you £5,000's worth of cheap shares and hope you will agree. The shares closed at 92p the day before the RI, so your shares were worth approx. £23k. Taking into account the effects of these discounted shares the sp dropped to 82.5p when they opened the next day - though quickly rose - but any loss you suffered in the drop in sp was replaced by the value of the 9000+ Nil-Paids you were credited with. That is how a RI works, you are offered discounted shares as a means of attracting fresh money into the company. It has been exactly the same in all of the RI's I have been involved in during the past 40 years. Hopefully you will have a better understanding when the next one comes along. You may find the article below explains it more clearly than I have done. http://www.investopedia.com/articles/stocks/05/062905.asp The fall in sp taking into account the issue of these discounted shares has already happened, overnight last week when they fell from 92p to 82p. The fact that they are now trading above this level is partly down to the fact that the markets like the RI, and partly down to the Stock Market rising slightly. While, as has already been pointed out by others, the sp could fall by a few p's when the RI closes - if a lot of the Nil-Paids are not taken up and a large overhang of stock is left with the underwriters - this is unlikely to happen. All of the shares are now treated the same way, as either you will take up your rights and pay your 56p, or you will sell them and others will pay the 56p. There will be none left that are not taken up, that is the role of the underwriters of this Issue. If they are left with more stock than they want then they will sell them off slowly at the best price thy can get, it would not be in their interest to sell them all in one go, depress the price, and make a loss. Think of it as a Supermarket selling you tins of beans. They have thousands cluttering up their stock room, but know if they try to sell them for 45p a tin they will not shift them very fast. But if they offer 4 for £1, or even 10 for £2, they will fly off the shelves. Your decision is to take up your rights and retain the same share in the company that you had before, or to reduce your stake by selling the Nil-Paids and using the cash for other ventures - no different to you selling shares to raise the £3,000. ATB.