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If the market thinks a company is worth £100m and due to special conditions (profits boom) it realises it's worth £120m so decides to announce that by giving £10m to shareholders.........
What's it worth ex divi?
Truth somewhere in the middle?
If a company is worth 100m, and it gives away 10m as either a usual or special dividend, the company is now only worth 90m, so the share price should dip regardless.
By how much depends is the dividend will continue and increase over the years
Surely if it's a windfall dividend the share price should rise?
Dips come after an anticipated usual Divi?
Let's hope so Prof cheese
I said no omens but my daughter's favourite food is ....
cheese! LOL
Looking at other boards, full of people bemoaning their management and comparing them too how good things are run at
SLP
Worth another little top up : )
That t-shirts gonna be cashmere : p
Pita you can't edit posts. C&p error.
There are lots of interesting sessions and each show lasts 3.5 hours but for those with limited stamina all annual pass holders and individual ticket holders will get sent the recording 24 hours later once you have registered.
We do have at least another 15 Mello Monday evening webinars already planned for 2021 and lots of bonus Mello Tuesdays too... if you would like to make the most of these during lockdown then I really would recommend buying an annual pass for just £85 (if you buy before Sunday at midnight) so to get £10 off an Annual Pass use code MMAP0802.
Alternatively if you want a half price ticket just for this show on Monday and maybe want to 'try before you buy' an annual pass then please use this code MMStocko21 and it will be just £9.75
See you all on Monday. We start at 6pm
Cont.
Mello Monday is almost here again now they are every fortnight....As ever this Monday there will be Interviews with leading fund managers and investors, three company presentations, educational insights and two panel sessions all in one action packed evening show..
This Monday we are joined by the very entertaining and knowledgeable Stephen English an IHT specialist fund manager who has presented on two occasions at our Mello conferences. This time he will be interviewed on how he sees the markets and there will be the opportunity for audience Q&A
There are also short presentations from Primary Bid and Barry Gamble who is on the Soap Box plus three company presentations and a very interessting and educational Twitter panel session to assist investors who want to engage with and know the best way to use Twitter. Here is the full programme....
6.00 pm Mello News
6.05 pm Interview with Fund Manager Stephen English
6.35 pm Barry Gamble is on the Mello Soap Box
6.45 pm Hummingbird Resources Company presentation
7.15 pm Introduction from Primary Bid James Deal
7.25 pm Open Orphan plc Company presentation
7.55 pm Are you engaging enough on Twitter? Hear from our Twitterati panel @reb40,
@grahamneary, @shiftingshares, @1James1n1
8.15 pm Image Scan Company presentation
8.45 pm Mello BASH including the Fund Manager Stephen English, Jack Brumby from
Stockopedia, Bruce Packard and Kevin Taylor
Every Mello Monday ends with the very popular MelloBASH (Buy, Avoid, Sell or Hold) on Monday Jack Brumby who does the SCVR will be on the panel. He will also be joined by Bruce Packard who was a sell side research analyst and regularly attends our Mello events. regular panel member Kevin Taylor and our fund manager guest Stephen English.
You can see the full programme and recordings of some previous shows here
https://melloevents.com/mellomonday-8th-february-2021/
We will have three top quality company presentations so you will be able to get involved in the Q&A sessions that follow each of those.
It looks to me like it's a Bash (Buy, hold, sell, avoid) presentation by a PI rather than a company presentation. I'd fully recommended it though even at £10.
Mello Monday is almost here again now they are every fortnight....As ever this Monday there will be Interviews with leading fund managers and investors, three company presentations, educational insights and two panel sessions all in one action packed evening show..
This Monday we are joined by the very entertaining and knowledgeable Stephen English an IHT specialist fund manager who has presented on two occasions at our Mello conferences. This time he will be interviewed on how he sees the markets and there will be the opportunity for audience Q&A
There are also short presentations from Primary Bid and Barry Gamble who is on the Soap Box plus three company presentations and a very interessting and educational Twitter panel session to assist investors who want to engage with and know the best way to use Twitter. Here is the full programme....
6.00 pm Mello News
6.05 pm Interview with Fund Manager Stephen English
6.35 pm Barry Gamble is on the Mello Soap Box
6.45 pm Hummingbird Resources Company presentation
7.15 pm Introduction from Primary Bid James Deal
7.25 pm Open Orphan plc Company presentation
7.55 pm Are you engaging enough on Twitter? Hear from our Twitterati panel @reb40,
@grahamneary, @shiftingshares, @1James1n1
8.15 pm Image Scan Company presentation
8.45 pm Mello BASH including the Fund Manager Stephen English, Jack Brumby from
Stockopedia, Bruce Packard and Kevin Taylor
Every Mello Monday ends with the very popular MelloBASH (Buy, Avoid, Sell or Hold) on Monday Jack Brumby who does the SCVR will be on the panel. He will also be joined by Bruce Packard who was a sell side research analyst and regularly attends our Mello events. regular panel member Kevin Taylor and our fund manager guest Stephen English.
You can see the full programme and recordings of some previous shows here
https://melloevents.com/mellomonday-8th-february-2021/
We will have three top quality company presentations so you will be able to get involved in the Q&A sessions that follow each of those.
SLP are presenting on Monday 22nd Feb at Mello Monday.
Quite right - 60 is the new 40 and plenty of time left to spend your profits from this cracking share! Perhaps we should all get a t shirt made up :)
Middle aged Anglo-Irish guy if you please :)
Fingers crossed
Since start of the year the SLP 4E basket price is up about 27%.
Basket value breakdown now approx 1/1.3/4.1 for Pd/Pt/Rh so the revenue from Rhodium is now about four times the revenue from Palladium.
Acting exactly as expected squire ;)
52p? Oh that expired into the ether yonks ago. :) (Thought I had it set higher).
February SP progressing nicely in accordance with target estimates don't you think?
Theeeeeere heeeee issssss. Evening velo hope all is well buddy :) you still got the buy order set at 52p?
:)
" So I doubled my stake in this White Metal producer, not due to "omens" but so that if things go well Monday I can get the T Shirt made up ?? "
--------
Hee hee! Nice one Old White Guy.
( Oops sorry meant White Metal Ox )
:)
I maybe wrong, but I wouldn't be surprised if the windfall special dividend will apply to holders on the register from today or possibly some date in the past rather than some future date. The share price will drop by the amount of the dividend and maybe more as it has done in the past on the announcement of good news and an upwards rerate by the broker, i.e. all the good news is priced in already.
Then after a week or so the price will move up again along with the general rise in metal stocks.
Though it may just take off, who knows??
the windfall special dividend will be for holders before todays date when announced on Monday. Results will be excellent and the broker will raise its rating. The share rice will drop back the amount of the dividend plus some more, before recovering in a week or so.
My daughter informed me today that, born in 1961 I am a White Metal Ox
Chinese year of the Ox
My birth year and this year
Also it's the Chinese year of
White
and
Metal
So I doubled my stake in this White Metal producer, not due to "omens" but so that if things go well Monday I can get the T Shirt made up ??
Yup. I'ts been a sterling run so far this year, Looking forward to results monday and smashing through my predicted £1.25 by the end of next week. Nothing should be stopping SLP.
Halfway into Q3 basket it is clear weighted average revenue per Oz recovered is going to be dramatically up on last year & at least 15% up on Q2.
Also Q4 production will not be impacted from Covid shutdown, yielding an extra 8-10oz in final quarter. Expect price target revisions upward through £2 from analysts after Monday’s results. Even allowing for risks price under £1.40 looks a bargain. Back up the truck.
23,400 in Asia on Friday morning!
I think the whole market is a bit flat today, only two of my shares are up today.
We are literally in uncharted territory so psychological resistance such as 100p, 125p, 150p would apply I guess.
Ricardofin, that's no problem, HOWEVER, since I wrote this I have seen some very credible FORECASTS of a 4.1c special and 4c final in August. At current exchange that's 2.962p - not far from your number.
My looking into this came up for the same reason that the SP may be punished if the dividend is less that "expectations", however, I think it will be all in the packaging - as long as there is a sensible plan that delivers long term growth and returns the SP may well hold up well. Consensus target is 198p so I am much more comfortable now.
I know that SLP featured in the IC some weeks ago under the Trading section.
It feels as though the traders are taking the SP upto 120 and then marching it back down again each time.
Hopefully the divi announcement might catch a few out and break the 120p barrier (it was similar with the 100p level)