Member Info for bigpercy

Net Interest Margin is obviously the Massive Negative. 2023 underlying NIM would have been 3.14% without the EIR adj - however with it, it has reduced to 2.51%. Therefore am shocked that OSB is forecasting 2.51% for 2024 - would have expected it to be back to approx 3.14% again

Don't worry LongerGuy - OSB should be motoring next March (at 2023 final accounts) when there will be a bumper dividend and EPS should be at 100p or so for that current year (2024) . With all the share buy backs the EPS should rise every year at a decent rate. Great time to buy now - approx 12% yield (based on 40p total divi, including special) and price earnings of below 3.5 for 2024. Keep the Faith

11.8 million shares traded today (as per Hargreaves L) - 10m more than normal based on last week - has our Daniel been nibbling again?

Even if the CWU attain a Yes vote and manage to get over 50% of their members voting, I do wonder if the CWU have been up to their old tricks of manipulating the ballot as they did back in 2019. Seeing all the pictures of their members outside District Offices on the CWU twitter pages alongside comments stating that they have "100% voted YES" or that they have voted "a massive YES" makes me wonder if the CWU have once again been influencing/manipulating the ballot process which could then lead to the repeat of 2019 where the ballot was invalidated due to "CWU interfering with the voting process"

Anger - in fairness to ST (although I am not his greatest fan) it must be difficult for him to engage with Labour party union lapdogs who are following the standard CWU mantra of demonising/personalising their vitriol towards ST

Just watched a recording of yesterday's Select Committee and was shocked by its content. The chairman Jones (Labour) seemed clueless about the work carried out by GLS and Royal Mail - he thought that GLS was the parcels side and that Royal Mail was purely letters and was also confused by "PVA" !!! The whole committee gave Ward an easy ride and accepted all his "spill" without any examination. Then ST appeared and the "kangaroo court" came to the fore - Skippy would have been proud of this!! Right from the start Jones attacked ST aggressively and then the 2 hard left Corbynytes, Lavery (who succeeded Scargill as NUM president) and McDonald were attacking ST on his salary and bonus - they had no interest in hearing what Royal Mail/ST had to say about the dispute - in other words they were just following the orders of their union paymasters. I think ST did very well in restraining himself in the face of such biased and unpleasant interrogation. Of course, the 2 CWU muppets in the background acting like naughty schoolboys just added to the charade.

Fly my Little Beauty, Fly. Not sure why this rise (and more) did not happen last Thursday

Bargain basement time again - priced at less than 4 times earnings - even with the potential higher tax on banks this is an absolute bargain. Been a wonderful share since Day 1

Anger - I utilised the ADVFN website for Royal Mail news - great source of info - they list hundreds of relevant items chronologically including all RNS's - had to pick my way through these for the relevant share purchases (22 in total) and this allowed me to make the calculations. Interestingly, his first 131 million shares (10/3/20 to 30/7/20) cost average of 161.6p while the remaining 80 million shares (8/1/21 to 14/7/22) cost an average of 428.7p - giving a total original cost of £555 million (before deducting dividends £94 million)

Just for information purposes, Vesa's 22% stake cost £555 million and from this has to be deducted a total of £94 million of dividends leaving a net cost of £461 million.

Hi Anyone - nearly 2 days in and I am still waiting for my new OSB shares to be applied to my account. Is this happening to others or is it a Hargreaves Lansdown problem

I think our friend Falkland has been living among the penguins too long and this has obviously had a discombobulating effect on him whereby he has problems differentiating between fantasy (mirages) and reality and so maybe I should explain the difference to him.

Fantasy is when you pretend you had shorted Royal Mail shares in the past without ever giving details of having taken out the short in the first place - we do not believe you.

Reality is your admittance that you invested well over £300k into 3.8 million shares in Argos Resources and that the value of your shares has dropped £200k.

As for RMG, I am hoping that Rico will consider splitting off GLS - I feel that GLS could be worth the best part of £2 billion as a seperate entity (would not be tainted by worries over Corbyn) and it could become a potential takeover opportunity in time.

The Master Investor Falkland, returns - I wonder if any of us could match his achievement of losing over £200,000 in a tinpot company such as Argos Resources.

RMG £4+ (including divis) 2019.

Hi Shorty - Shame that you are still £200,000 down on Argos Resources. How many years of post man tax free wages is that?

Falklandinvestor

FACTS
You only own 1 share now and that is ARGOS RESOURCES (ARG)
You own 3.8 million ARG which represents over 1.7% of the company
On 10 July 2018 you proudly announced on the ARG chat room that you owned about 1.6% of the company which
represented approx 3.5m shares (total shares : 221m)
On 25 September 2018 (on the RKH chat site) you said that your ARG shares were costing sub 8.5 pence
On 5 November 2018 (on the RKH site) you stated that you owned 3.8m shares - therefore between 10 July and the
5 November you purchased an additional 300k or so shares
Therefore with the selling price of ARG now being 2.6 pence you have lost approx 70% of your money which would
be about £224,000 or a little less if you bought the final 300k shares after 25 September. FACT.

FICTION
You are now trying to downgrade this massive loss by pretending you have spread bets in ARG (as well as RMG).
I have had a fun evening going through your posts since you became a member in 2015 - I know that's sad but I
have been finding it quite amusing.
In your posts you documented fully your purchases in ARG (mainly in 2015) - in fact you were very proud in your
announcements of your purchases as well as your regular forecasts of ARG hitting 50p by 2015, then 2016, etc,etc
However there is no record about your spread bets in ARG - strange that - a suspicious person could very well doubt
the validity of your spread bets (apply this also to RMG where you only recently mentioned spread bets)

IMHO
Judging by your investing record I feel that it would be best to cash out before you lose any more money. ARG is the type of company (capitalised now at only £6m) that could well go into bankruptcy based on its record and the outlook for oil - you have lost over £200k on this and your remaining £100k (3.8m x 2.6p) is at great risk - I am very sincere in my comment.
I should thank you for your comments on RMG as it seems that in the long term any shares that you have an interest in go the opposite way to your forecasts (ARG 8.5p to 2.6p) and so I am now feeling very bullish about RMG over the next 12 months.

Au revoir

Redceo - I think you will shed a few tears for our friend Falkland when you are aware of the following. I have now perused the last 3 months of his postings and on 5 November, 2018 on the RKH site he says he holds 3.8 million shares in ARGOS RESOURCES. On 25 September he says his average price is sub 8.5 pence. Presuming he bought these 3.8m shares by 25 September, that would mean they cost him approx. £320,000. They are now 2.6 pence (a loss of 70%) which means he is currently down £224,000. I feel we should all consider having a whip around for our dear friend!

As our friend Falkland has been a little boastful today about his success in spread betting in RMG shares (without any proof of these transactions!!??), I thought I would look at his previous posts to see what companies he does actually invest in and the results were very interesting.

1/ ARGOS RESOURCES (ARG) - on September 25, 2018 he says his average price is sub 8.5 pence. The sale price today is 2.6 pence and so he would lose 70% if he sold today!!!!

2/ BORDERS & SOUTH (BOR) - on September 26, 2018 he says "I did buy a few in the last few days and today added just over 123k to bring my total to 260k". Their price was 3.5 pence on Sep 26. The sale price today is 2.5 pence and so he would lose at least 29% if he sold today - likely more as his earlier purchases probably exceeded 3.5 pence.

3/ ROCKHOPPER (RKH) - on September 25, 2018 he says "my average in RKH is just above 30 pence. The sale price today is 21.75 pence and so he would lose at least 28% if he sold today.

Of course I was shocked that such an ace investor as Falkland should be suffering these massive losses (and being oil related these companies share prices are likely to plummet even more according to experts) and so I feel that we should all be offering him our sympathies, prayers and condolences imho.

With the approaching of the half year figures RMG now seem to be displaying some welcome strength and I am anticipating that the accounts will forecast a more optimistic outlook for the future. Hopefully the foundations for the previously anticipated efficiency and cost cutting targets can be laid and it will be a case of them only being delayed rather than not occurring. We also have the busy Christmas period approaching and our posties on here already state that business is very brisk.

There are many other reasons to feel positive about RMG in the short, medium and long term. I feel much happier having someone like Rico Back in charge whose background was with the hugely successful GLS and speaking of GLS, they are expanding their markets in Europe, US and most recently Canada and this will all massively enhance RMG's profits now and into the future. The dividend will total 25 pence this financial year and increase further thereafter - even if there are any hiccups on profit/cash flow in any year, dividends can still be paid out of the available reserves in their very strong balance sheet. Even some of the negatives can be turned into possible positives - we keep hearing about the decline in letters year on year, however as this continues could this lead to relaxations in the USO in the long term as letters will have little relevance in 5 years or so and the need for the USO is not so necessary. Also RMG is likely to drop out of the FTSE100 soon - however what happened the last time this occurred? - it rocketed from 368 to 632. Other factors to bear in mind are the prime properties they own, possibilities of a takeover (RMG would be a tiny morsel for many companies but strategically very valuable) and lets not forget that the shorters have to buy back 60 million shares sometime.

I am heavily invested in these shares and am also trading some, selling 5% at predetermined levels and buying some of these back should they then dip again. I am very content to be in these shares and I consider that there are still excellent opportunities for others to make good money here.

Good Luck to All.

Have just remortgaged the house, sold all my possessions, raided my kids bank accounts and piggy banks, maxed out my credit cards and put it all in Royal Mail. This is like the immediate aftermath of the post Brexit vote when some shares were absolute bargains. BUY my Little Beauties BUY!

Hi Peeps - we currently have a deja vu moment replicating the situation on 4 October 2017 when the share price hit a then intra day low of 368p and all the doomsayers (aka people who did not own shares) were predicting further doom and gloom even at that price and we all know what happened in the ensuing months (they hit 632p). We also had the worthless broker forecasts massively writing down the value of Royal Mail and the idiots are at it again. However like most companies there are pluses (yield, property, real cost cutting) and minuses (squeeze on margins) with Royal Mail and the share will fluctuate. However this does have the look of a new CEO pushing all the negatives into the 6 months to September 2018 (Moya's responsibility) with the result that the figures will massively improve under his influence. I feel this is an excellent opportunity to invest in Royal Mail - am confident that one can make a minimum of 25% (inclusive of dividends) between now and the full year results next May. Do not let Irrational Fear hold you back - make an educated decision. Good Luck All.