Firering Strategic Minerals: From explorer to producer. Watch the video here.
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Seems we either have a seller drip selling or a buyer accumulation. Recent RNS shows an II increased position. We're at or close to IPO price. Really surprising as I was impressed with the presentation, all looks very good for great growth with Supreme. BoD looks and sounds mature in approach very clued up in business tactics!
Undervalued to say the least at current SP!
I'm down 10% on my recent investment but, heigh-ho, I never time the bottom of a dip.
The presentation was great. The key takeaway for me is that in their high-growth high-margin consumer vaping business, they are positioned not only as the largest, but also the cheapest in the UK. Should be resilient, therefore, in a cost of living crisis.
In short, this is just illiquid market volatility to ride through and I'm not worried.
About the same 10%, was thinking of topping up this low, but my own rules currently don't allow to be this exposed to one stock, especially as I can clearly see a seller. MM's have brought it down this low for a reason... Think we'll see another TR1 soon of accumulation. When shenanigans are done, this will bounce hard imo.
Yeah, agreed. But I couldn't resist adding today - you have the divi with this one, which pays you to wait it out.
Unfortunately you missed the divi, next payout is in 2023!
That was the interim divi, another to come in 2022, no?
Last special dividend of 2.7p was Dec 21 paid in Jan 22 and the next special dividend is forecast to be 2.1p in Dec 22. Paid in Jan 23.
The forecast yield then for 2023 and 2024 grows to 5.2% and 5.7% at current prices!
Hi, thanks for this. The half year results RNS (for the period to 30/9/21) announced a maiden ordinary divi of 2.2p, paid on 14 Jan 22. Won't the next div then be announced in the full year results (for the period to 31/3), which they have said will be issued in July 22?
I'm not sure what you're referring to when you say "special" divi.
Hello TD
A "special" dividend is a one-off dividend. DividendMax lists them as special (and Equity research state an incorrect 2.1p dividend), hence me repeating that. However on closer inspection both are incorrect on the value and type (i.e. it's an Interim and 2.2p). However, in FY2021 they did NOT pay a final dividend. They paid an interim one in January 22 as we know. SUP's policy is as below so yes it appears we can expect a further dividend in July 22. And presumably one of around 4.4p (tasty!) based on their 1/3 and 2/3 policy below.
>>As highlighted at the time of our IPO, we intend to pay dividends to shareholders in an aggregate annual amount equivalent to approximately 50% of net profits, retaining the balance of earnings from operations to finance our future expansion. Our dividend payments are expected to be split into a one third interim dividend and a two thirds final
dividend and we expect to declare our first interim dividend following the publication of our interim results for the six-month period to 30 September 2021.
On another note is anyone else tempted to further top up at today's 138p? FY2023 yield is now 5.3% rising to 5.9% which I think is incredibly good.
https://www.prnewswire.com/news-releases/e-cigarette-market-size-in-the-uk-to-grow-by-usd-1-20-billion--technavio-301513223.html
UK Market - 13% CAGR for vaping apparently.
Just added at 136p - well oversold here, as the RNS implicitly suggests imo.
Well that's the clarification we needed... nice lil update trading-wise. Clued up BoD!
Daily downward spiral due to seller. Unbelievable! Thought the BoD would take advantage of the low sp and top up, but nothing as yet. To think this was in the 180's a few weeks ago!
I’m not sure as to whether the bod can add until after they publish the results in July? Anyway, I added a few more today. GLA
A big dump of 125k shares at 15:37 to a value of £158K shows up after hours... hope this is the end of the seller!...but who knows.
@TDinvestor, I thought they couldn't buy between notification of results, (financial) and actual day of publication?.. I may be wrong.
Holy sheet, as I typed another 125k share dump shows up...so that's 250k shares dumped! Seller must be done. Find out tomorrow I guess!