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The UK is going to print Billions and the US will print Trillions, it's just a matter of how many 2, 3 or 4 trillion and when.
Strangely, it could all depend upon a US election. It's not Biden v Trump though. Whomever controls the Senate controls the purse strings as they need to approve the President's/Congresses spending proposals.
The Republicans will block Democrat spending on ideological principles and to simply frustrate Biden's efforts - it's a mess with all the hatred created by Trump.
I'm sure many of you know but for those that don't follow US politics the impact cannot be overstated as sentiment for the next couple of years could depend upon it (2 seats up for grabs to control the Senate to be decided in January).
A huge support package together with the likelihood of loose financial policy from Democrats
will set gold up for another good year in 2021 - $US weakness is obviously very bullish.
Whatever happens there will be huge spending, it's either going to be positive or fantastic news for gold.
This is a waiting game, the only downside IMO is the opportunity cost of missing out on the resurgence of bombed out stocks in other sector as the euphoria surrounding a vaccine feeds through. With a balanced portfolio all bases are covered
Gold under pressure again today because of sentiment. positive confidence statistics from the US today being the driver. But rest assured there will be many more flips in sentiment as the US prints money and lets not lose site of the fact that TSG have been selling gold all year at a great price so as we near the end of month eleven a good year end result is already baked in.
last 5 years have returned a profit and paid a dividend ........ they defy gravity. Too many people watching Gold futures and trying to equate it here, but it never works and give it a week and they will bounce up. They will make a profit and pay a dividend same old story.
In September 2019 the SP maxed out at 129p with gold at around $1530/oz Now gold is bouncing around between 1850 and 1950 $/oz the SP is struggling to hold £1.
Comparison makes a share price fall of at least 22% with the gold price up as of today by approximately 22%. Clearly moved in opposite directions, will that continue? I can't see how that is sustainable unless company performance flounders.
So it looks to me that the SP has nowhere near tracked the gold price up even on a 1 for 1 basis ( bearing in mind miners are supposed to be a leveraged play on gold).
Point is, just to get to fair value the SP needs to rise significantly - this observation holds good for almost all of the small scale gold mining sector. If the BoD deliver in 2021 we should make some good money here in the medium to long term.
Somebody wanted to buy -
18-Nov-20 10:35:55 99.00 75,925 Buy* 97.00 99.00 75.17k
It really doesn't matter, there will always be unexplained trades, if there where only buys the company would be worth more than Barrick Gold, if all sell worthless. I just bought a few more (4405 at 98p), they are registered as unknown, it doesn't matter - to quote the annoying saying that has become popular "it is what it is".
IMO we should focus on the company performance and more even importantly it's near term prospects, facts which will drive the price and thus the trades in the long term. It doesn't matter who sells if there is a queue of investors wanting in on the action.
So lets look at performance this year has been more than we could have expected - great progress made. However, production and revenue are well below what one could reasonably expect if you only compare with previous years. That IMO is why the SP is not much higher in the face of tremendous gold prospecting results and a strong gold price.
The costs appear to have gone the wrong way, AISC rising etc. ALL of it IMO is down the the deteriorating grades in the current workings - they've told us clearly why and where the solution lies. What's more it was expected. planned for and mitigated really efficiently. No good pretending, this year will be a decent/profitable performance, but in truth it's a time biding/preparation year, readying for next year when grades will be (should be) much higher and provide a licence to practically print money.
That's why I'm holding and increasing when I can, not based on current trades or sentiment. I'm in a number of Gold miners and have been investing in mining for over 3 decades but I don't know of any currently with such great exploration results that can be brought into production so readily. Underground mining is generally much more difficult than open cut but with the high grades associated rather than low grade bulk operations the profitability (e.g. profit/tonne) can be far far better.
Looking at the 2 Y chart and in the period from late July - is that a reverse head and shoulders?
If so - big price rise ahead.
1m sell today, 2.2m yesterday, yet the SP seems unaffected. Something going on in the background not visible to non-premium investors?
I think is is 3 percent but as you say it’s wrong
Replies not posting for some reason so trying a new post.
2.2m sells looks wrong. What’s the threshold for an RNS notification? Hardly affected the SP whatever it was.
My reply disappeared!
2.2m doesn’t look right. What’s the threshold for an RNS notification? If it did happen it hardly affected the SP!
2m? Doesn't look right. What's the threshold for an RNS notification?
The 102.4 trades showing as sells are buys. The 2500 is my buy.
Possibly yes :)
Updates around that time point to the company reinvesting cash flows into resource expansion and discovery drilling at Asacha Gold Mine. We also had a bad Q419.
If I recall, we took quite a hit when the company downgraded resources at the mine and this change in strategy was in response to that. Since then we have seen world class drilling results and an increase in reserves which only includes those results up to April.
https://www.lse.co.uk/rns/TSG/mineral-resource-update-bsgv6ji0gveg2te.html
Ah, so it was Jan 2019. Thanks shareminator. I didn't think it was so recent. So I bought in Dec 2019 and was then disappointed in January 2020.
Let's hope 2021 brings delight for all TSG holders.
* Ignore Nov 2017
Yes I remember feeling the same way at the time. I think the special dividend in late 2017 / early 2018 was suspended due to the company's buy back of shares from an institutional investor at around 35p per share. I can't remember the precise details or date of announcement though but it did have a short-term impact on cashflow. I don't know of anything that would affect cash-flow like that at the moment with gold trading at $1900/oz for most of the quarter.
Nov 2016 - special interim dividend of 5 US$0.05 / US$5.5 million
Nov 2017 - special interim dividend of 5 US$0.05 / US$5.5 million
Jan 2019 - special interim dividend of US$0.052 / US$5.7 million
I think HL don't show the proceeds as funds available for investment. Also, if you have elected for reinvestment they do it all on a day later in the month. The details are somewhere on their website.
I do hope we get a special dividend. The reason I'm so circumspect on that issue is that after the last special dividend, was it Jan 2018? Anyway, it was one January, so in December that year I bought a load more TSG to catch the next special div the following January - and they didn't have one. Don't count your chickens, as they say.
Yes, and I spent it all on more TSG shares, see 09:02:38. I was a bit disappointed because I actually bought more on 9th Oct and I wondering if they would count to give me a bigger payout. They didn't.
Yes, all £1.4k! And reinvested back in TSG this morning!
Has anyone received yet? I haven’t, with HL.
Total Shareholder Return is today 1.10 (1.04 + div .06) so they need to get the SP up to 1.50 or pay 40p more in dividends or both increase the SP and pay some div. This is so investable and it looks like a straight line up from here. Here's the main bits ;
Under the terms of the Scheme, the awards are subject to various vesting criteria.
Half of the Non-Employee LTIP Awards will vest based on absolute Total Shareholder Return ("TSR") performance measured over a 3-year period, with 25% vesting for a closing TSR of £1.09 rising on a straight-line basis to 100% vesting for a closing TSR of £1.50, or will be banked (but will not vest until the end of the 3-year period) if TSR is £1.50 or above for 30 continuous days at any point during the period. The absolute TSR targets have been set to be consistent with the LTIP awards granted to Executive Directors on 5 June 2020, as detailed in the RNS announcement dated 8 June 2020.
Holders of these awards will only accrue value in the event that the Company's shareholders receive value and return over the time period through a combination of share price appreciation and potential distributions of capital, thereby aligning the interests of the grantees with those of all Shareholders.