The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has been released. Listen here.
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Divi was suppose to be in yesterday, which nothing arrived, phone up this morning querying it, lo and behold paid within the hour, on all the accounts, Sipps, ISA`s. That was with XO Jarvis. They are normally on the ball. 10% withholding tax as well.
Mine arrived in HL this afternoon, still not with HSBC. 1.5% up on September, presumably rand depreciation.
For those of us who've been holding since spin off, makes £5.22 in divis in 2 years. Yum yum.
Now, whether to top up TGA on assumption next divi will be 25-50% higher? Or just stick the money somewhere else.
I’ve now been paid the divi by ii.
atb
Nothing yet in iWeb. Was expecting it yesterday or today.
Yesterday was the date for the divi to be paid to London shareholders.
No sight of mine yet from ii.
Has anyone else got theirs?
My opinion is buybacks make no difference. Coal is just good to be in with energy shortages around.
Maybe the buyback of shares are having an effect.
Given the normal sharpe pullback post divi something is clearly supporting the price
Continued…
In Indonesia, high temperatures are contributing to a surge in dengue fever, a potentially deadly disease that is carried by mosquitoes. Cases have increased from 15,000 a year to 35,000 a year in the past 12 months.
Vietnam’s coffee crop is suffering because of drought, and in Dong Nai province hundreds of thousands of fish have died after a reservoir dried up, resulting in an overwhelming stench.
The El Niño phenomenon is a periodic rise in the temperature of the eastern Pacific, around Peru and the Galapagos Islands, which causes disruption to weather patterns across the world.
Research has found that global warming causes longer and more extreme El Niños. Even without the phenomenon, aggregated climate data shows that long-term temperatures are rising due to man-made climate change, and that they are doing so in Asia faster than the global average.”
This must be linked to the price rise. People across a chunk of an entire continent are turning up their air conditioning.
Heading: “Brutal 48C heatwave takes its toll on east Asia”.
Sub-heading: “Temperature records broken across region as heat damages crops, disrupts schools and places strain on electricity grids as people turn up air conditioning”
https://www.thetimes.co.uk/article/8a09e92b-8b10-4264-806a-ef011d68b1d3?shareToken=e383b8da838166099abf26c57fdbb43c
I’ll have to split the text across two comments due to the character limit.
“East Asia is in the throes of an intense heatwave that is causing deadly heatstroke, damaging crops, and has exposed an old town at the bottom of a dried-up reservoir in the Philippines.
The record temperatures are the result of climate change, made worse by the El Niño weather phenomenon. The town of Chauk in Myanmar recorded a temperature on Monday of 48.2C — the highest ever measured there, and one of numerous records set across the region. In the capital of the Philippines, Manila, a new high of 38.8C was recorded.
Some 48,000 state schools across the Philippines were closed all week, as the authorities advised people to avoid going outside. The increased use of air conditioning is putting pressure on the electricity grid in the nation’s largest island, Luzon.
There the ruins of an old town, which was flooded after the construction of dam in the 1970s, have been exposed as the reservoir levels dropped. The church of Pantabangan and the tombs in its graveyard have become tourist attractions, after the water level of the lake fell by 50 metres.
Temperatures in Thailand have surpassed 40C in many places, including the capital, Bangkok. At least 30 people have died from heatstroke this year, according to the Thai authorities lcompared with 37 deaths in 2023.
Heatstroke is most dangerous for the elderly, babies and young children and those with serious illnesses, so identifying it as a cause of death is sometimes difficult.
Thai media reported that a motorbike spontaneously caught fire on Thursday in the northern city of Chiang Rai, and that railway workers in the south have been putting ice on the tracks in an effort to prevent thembuckling.
The Cambodian authorities said that high temperatures were a factor in an explosion at an army base that killed 20 soldiers last weekend. “The incident of the ammunition explosion on April 27 … was a technical issue because the weapons are old, faulty, and the hot weather,” the country’s defence ministry said, although is it not clear exactly how the temperature contributed to the incident in Kampong Speu province.
Bangladesh and Japan announced the warmest April since records began in 1898. Average temperatures in Japan were 2.76C higher than normal.
Continued…
Gas prices today in UK and Europe exploded. Guess something afoot in coal and gas for the recent price movement
Hi over these prices are a day old.. you guys see how it dropped by 4% on the rns ? Looks like the alogos kicked in on the death of the non exec..RIP.. the time that was realised it just dropped. Weird
Richards Bay:
https://www.barchart.com/futures/quotes/LVK24/overview
Newcastle:
https://www.barchart.com/futures/quotes/LQ*0/futures-prices
Coal up again! Again no idea what Newcastle or Richards bay is but I can see spot coal price up over 3% to 147. Why do they realise richards and Newcastle price after 6pm UK time..before that I can't see. Also volume up very high thus morning too
Newcastle just shot up to $150.
Weird but good if you hold here
$142.25
Coal up over 3.4% but don't know the live price fie newcaste or Richards bay coal price. I know yesterday it was up high. Anyone knkw where to get real time pricing?
Yes, I check most days, and by nothing more than observation, I would agree with you.
Bisichi reported last week that Transnet had been performing substantially better in the first quarter.
I think they are all reluctant to speak positively about any improvement for fear of giving the impression that it is 'job done'.
Is it just me (I only normally look about once a month) or are there far more bulk tankers loading in Richard's Bay than usual? It would be nice if the Transnet issues were declining at last.
Now, whether to stick next month's divi back in TGA, or find another home?
https://www.marinetraffic.com/en/ais/home/centerx:32.048/centery:-28.818/zoom:14
I think this is a fair price for a long term hold, and have bought half my shares back (which proved better than taking the dividend) but will delay on the other half before I commit.
Cloudy Mountain: Can you check your figure of 16% yesterday and 11% today, please? I took a quick look and declared short positions are 1.4%.
re: "also on IG Index (small retail shorts) there's more than normal short customers 16% yesterday, 11% today. Normal is about 5%."
This is referring to customers of IG Index who hold TGA in ISA's SIPP's CFD's Spread Bets and dealing accounts. It's the percentage of people who are long or short..NOT the volume of shares. Today 9% for their TGA holders are still short.
I Gave Dark Knight a full explanation about this in my post of: 10 Aug 2023 12:21. It's a useful tool.
Fromage: Overner : "sold them at their peak" may have been more convincing if you posted that on Friday rather than days later :)
I don't always get it right, sometimes spectacularly wrong !. I sold half my TGA shares late Feb 2022... just as Russia invaded Ukraine. See my post: 26 Feb 2022 12:07. Talk about bad timing !
Can you check your figure of 16% yesterday and 11% today, please? I took a quick look and declared short positions are 1.4%.
TGA's share buy back program will be finished by the AGM in May. There's some big shorts been building up, and on also on IG Index (small retail shorts) there's more than normal short customers 16% yesterday, 11% today. Normal is about 5%. Tempted to hold off buying back in for while. Or buy in small tranches.
Overall though with RB coal prices up to about $110 from $92 recently bodes well going forward, as this equates to another $200 million profit p/a ?
Fromage it is just hard to predict. Depends how many sell out tomorrow to go looking for the next divi.
And still falling. I sold all (NOT at peak) yesterday intending to avoid the WHT to buy back today, but it seems too early to get back in. I will be watching this, as I believe it is still a good share to be in, but not to buy until a trough has bottomed. I expect I will get the timing wrong on that, as well.