Member Info for Auguste

Peter Schiff, Rick Rule, Nomi Prins, James Turk - the list goes on and on. All of these have been predicting the gold price and miners will explode for years. They've also been saying that the gold price is rigged and monetary system is highly manipulated. Fact - the only currency in history to survive the test of time is gold and silver. Every other currency has failed eventually. The current move in the gold and silver price is long overdue and very welcome and making me rich.

Broker upgrade today. JP Morgan Cazenove £21 target.

I think £20 is too conservative, but much higher for sure.

I follow Kitco News and many commentators are saying that we're looking at $4000 gold and $50 silver this year or early next year. It's looking good for precious metal miners. Congratulations to all share holders.

JP Morgan have today raised their target for Fresnillo to £18.50

My view - the bid will go through with the backing of the board. Just a hunch. Sidara could have walked away before now if they had wanted - so why leave to last few hours?

The following is taken from today's online investors chronicle:

Wood Group in bid talks

After rejecting potential buyer Sidara three times, Wood Group (WG.) will enter talks over a 230p per share offer after shareholder lobbying. The energy services and engineering company has extended a put-up or shut-up deadline to 3 July, announcing the shift just before the previous deadline on Wednesday afternoon. This marks a turnaround from the Wood board, which had previously rejected Sidara’s approaches without engagement. Wood’s shares climbed 10 per cent on the news, to 204p.

The company said: “The board remains confident in Wood's strategic direction and its fundamental prospects. However, having now weighed all relevant factors including, in particular, feedback received from Wood shareholders, the board has decided to engage with Sidara to determine if a firm offer can be made on the same financial terms as the final proposal.”

Wood will now open its books to the fellow engineering and consulting group.

The 230p offer is still below the Apollo bid of 240p from last year, but is a 52 per cent premium to the price before Sidara started lobbing proposals last month. Sidara labelled the fourth offer as final last week, although reserved the right to increase it if another bidder were to enter the fray. AH

Under pressure from institutions , Wood Group has effectively put itself up for sale and this may flush out other bidders. I just topped up.

I'm holding out in buying for now. They'll be plenty of buying opportunities once the sp stabilises.

The bod hasn't been able to get the share price close to the previous £2.40 offer price despite saying that the previous bid and this, the most recent bid undervalues wood group. I think, the bod will accept this bid.

Excellent post

How low can the ng.l share price go?

Thanks all for responses.

I refer you to the lgen website. This states the ex-dividend date is 25/04/24 and be record dates is 26/04/24. See https://group.legalandgeneral.com/en/investors/financial-calendar

Bought today at £2.32 - do I get the dividend?

Barclays has today raised its price target on Centrica to £2.05 from £2.00

Healthy correction. The £1.50 broker must feel like a wally now.

Sharecast News) - Citi reiterated its 'buy' rating on Centrica on Tuesday and lifted the price target to 180p from 155p, saying it was attractive relative to the sector.

"With one of the best balance sheets in the sector, delivering above sector average 8% yield via returns to shareholders (both dividends and buybacks), Centrica shares continue to look attractive in a sector relative context," the bank said.

"We update our earnings and valuation to reflect the secured growth in flexible generation assets, which we estimate to deliver an aggregated portfolio IRRs of circa 10% with the support of capacity market payments."

Citi said that with retail churn continuing to be low and Ofgem consulting to increase bad debt allowance, it continues to see a good balance of risk and reward from the retail division.

The bank said that value creation from new secured only investments, lower risk retail earnings and falling liabilities led it to up the price target.

At 1040 GMT, the shares were up 1.7% at 158.59p.

It's impossible to say how low the bottom is. I'm holding out for the time being.

Judging by the price action, we're in a very healthy consolidation phase as a new support level forms around £1.68ish. It's all looking good.