Member Info for andsoforth

Another broker downgrade.

Revenue up 9%
AuM up 6%
Net cash £8.3m
Interim dividend doubled.
Possible takeover to one side, this seems to have turned a corner ad be making decent headway. Possible GARP?

Well, the share buyback scheme is now being extended to £1bn. That represents 25% of the capital being returned to shareholders.

Looks like they should have kept the milking parlour work! Management out of their depth?

"... trading has continued to be strong and, as a result, management now believes full year 2021 operating profit will be materially ahead of expectations."

Given the nature of the work at QQ. is a takeover really likely? Don't forget this used to be RSRE Malvern. Having said that, seems oversold to me at this level. PER 12, yield 2.5%, £139m in bank. As stated below, decrease in profit largely due to two overruns. Price is now lower than Covid impacted price last year.

Just been flicking through the RNSs. I see Martin Ooi now holds 28% and The Kilo Trust, who were very long term holders, have sold up. It looks like Martin took their tranche. I believe Mr Ooi is/was a metals trader based in Hong Kong. I assume he knows what he is at!!
These changes occurred before the November update which seemed positive to me. Although there have been two promotional events this year, the AGM is on New Year's Eve, and will probably not be accompanied by a statement. Also the company Twitter account has been inactive for more than two years. Communications seem not to be a priority! Moreover the gold price has not increased as many predicted or hoped. The price here is thus languishing. However Kilimapesa is now off the books, there has been some rationalisation, and we remain profitable. I think there are worse places to be in this area. Patience will hopefully be rewarded with a price nearer to 10 than 5 in due course.

Thank you. Very interesting passing comment on DLAR. Crystal Amber hold 9.95% of DLAR and have become forced sellers as the fund is wound up. They are looking to sell at 180 and are being offered 140. This is a big overhang that could take 18 months to clear. Not much progress here in the meantime.

Or even look at what happened in the UK when duties on tobacco were even up across the EU. At the peak around 45% of cigarettes consumed in the UK were smuggled in.

I can see Europe going this way in a decade or so, but BATS will continue to colonise the developing world, and it has interesting "New generation" products that will fill the gap to some extent. BATS will fade in time, but is likely to do so profitably; and it seems to be seen by many as still representing a good defensive holding. Personally I think the 3600 to 4000 targets are a bit lavish, but the yield will continue to be attractive for many. Holding firm for now!

https://www.bbc.co.uk/news/world-asia-59589775

Interesting that they are encouraging vaping as an alternative. NHS to do the same.

This is well worth a read. Either ASHM know something nobody else does, or they are throwing good money after bad.

https://seekingalpha.com/news/3774990-ashmore-group-bulks-up-on-evergrande-debt-as-cash-crunch-persists?utm_source=investing.com&utm_medium=referral

I have sold up, but will return when the mess is sorted.

Any joy yet? None here. Very poor service.

Their vaccine remains effective against ALL current mutations. Important for GSK, but also for the wider community and economy. Hopefully this will underpin the markets for a short time.

Thanks. I contacted them but no reply yet

Is anyone else unable to log into their investing,com account? Thanks in advance.

Uncertainty is really the biggest problem here, but truly inevitable. The results are likely to be irrelevant, given the Covid resurgance. Time to hold on and enjoy the ride.

...due on Wednesday. Interesting times!

...due Tuesday. Though these are inauspicious times!

Dividends are actually mentioned quite clearly: they imply one may be payable in two years. Don't forget they have to pay £150m into the pension fund over the next seven years. Dividends may well be a luxury that is passed over for the foreseeable future.