Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Still, assuming it's a cash offer, good for the LTV ratio and resolve any short term cashflow problems re maintaining REIT status. Got to be positive.
Worth noting that AJ Bell are far from perfect for anything slightly out of the ordinary also. I contacted them about an enhanced script dividend on another share (NRR). It was a flat no.
HL said they don't usually process scripts but will if it's clearly advantageous.
Seems fairly difficult to tell in advance which platform will prevent you from taking advantage of which corporate actions.
HL don't usually but sometimes do. I got the following reply. Looks like it will need a number of people messaging HL to get this sorted if NRR do as offer an enhanced script dividend.
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Thank you for your message.
All dividends are typically paid to us as cash, as we do not facilitate scrip dividends on the platform.
In some rare cases if the scrip dividend is better value than a cash dividend we may consider taking the scrip dividend on that occasion.
If you have any other questions, please get back to me.
Kind regards
Catherine Lai
Investment Helpdesk
Hargreaves Lansdown
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Been in touch with AJBell YouInvest - they do NOT process script dividends so will need to consider selling if one is announced. Halifax on the other hand can process them.
My current ISA platform - Halifax - say that they don't normally process Broker Options. They said they will look into it and I should call back in a couple of days, i.e. long after the Broker Option Shares have been fully subscribed and the Broker Options declared closed. As stated in the RNS, Peterhouse won't deal directly with retail investors. I tried.
It's clearly too late this time, but does anyone know a decent ISA provider who can handle this sort of thing. Preferably one that doesn't take an percentage fee for just holding your investments.
Great summary. Thanks.
Great summary. Thanks.
CP is unlikely to happen this side of November's election. Given nothing much else is either, is this really a problem? We've got to believe that the government wants the project to happen and will step in when required. I'm basing my belief that this is true on the fact people who should know what is going on (JM etc) are still in. Clearly a few investor are looking for more productive opportunities in the meantime with a view to coming back later, hence the SP. From experience, I suspect if I tried that I'd mess up my timing so I'm staying put. What's a couple more years...
I'm not sure what the market was expecting.
NAV up and over double SP, earnings OK given the fact that we had a pandemic which neither Britain nor South Africa handled brilliantly, dividend likely to be up from last year and still in the right side of 5%.
Mind you it was a risk-off kind of day.
Shame I haven't any dry powder left to top up.
Just had a quick top up :)
Be nice to have Ed here too. Then he might be more motivated to get it to market rather than keeping the SP down until he's in. Any idea when he gets his EMMAC cash?
Does anyone know anything about the rights being issued to employees as part the "Employee Securities Incentive Plan" that we are being asked to vote on? My instinctive first reaction is that giving employees a directors a 1% interest in the company is a good idea since it helps align their interests with those of the shareholders. (Decision makers with no skin the game have not been good for some of my other investments :() However that's only a first impression. Does anyone know if/why this is wrong in this particular case?
httpS://www.telegraph.co.uk/business/2021/03/13/ministers-considering-ban-north-sea-exploration-licences/
"Options being consulted on are understood to include an end to issuing licences in 2040, and an immediate temporary pause in licences."
I'm guessing this is mildly good for us since it makes our existing licenses more valuable to a predator.
Thanks barwickman, I knew it had to be too good to be true somewhere. I got the price from httpS://finance.yahoo.com/quote/FCT-USD/ Not being into Crypto, I didn't know what "CCC - CoinMarketCap. Currency in USD" meant.
According to proactiveinvestors article on 22 Aug 2020 FFWD owns 6.3 million shares in Factom as a result of conveting the SAFE note under the terms of the chapter 11 settlement. This is currently trading at $2.62 per share. i.e. the stake has a market cap of around GBP 12M, albeit being 30% of the company it would need to be sold over an extended period not to kill the share price. I'm sure I'm missing something, but can figure out what.
httpS://www.proactiveinvestors.com/companies/news/927778/fastforward-innovations-says-chapter-11-reorganisation-plan-for-factom-has-been-approved-927778.html
Fairly positive article on Macau Casinos in this week's Economist. httpS://www.economist.com/business/2021/03/04/are-galaxy-entertainment-and-mgm-china-a-winning-bet
Other than the BOD, is there anything to prevent Ed from merging FFWD and EMMAC to get EMMAC listed and FFWD closer to a 100m cannabis focused fund? Were that his intention, it would clearly be in his financial interest to keep the FFWD share price as low as possible until that happens.
@botbot, It's a water company. This seems to be the main thing it produces. Hence the SP.