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It’s because it came from shareholders equity rather than from earnings
I’m not sure. it might be tax free...
Notice to holders of the U.S.$625 million Non-Dilutive Cash-Settled Guaranteed Convertible Bonds due 2025 issued by Glencore Funding LLC (the "Bonds", ISIN: XS1799614232)
Capitalised terms used and not defined in this notice shall bear the meanings given to them in the terms and conditions of the Bonds (the "Conditions").
Pursuant to the Conditions, Glencore plc ("Glencore"), through its subsidiary Glencore Funding LLC (the "Issuer"), hereby notifies Bondholders that as a result of the Cash Dividend of U.S.$0.06 per Ordinary Share payable on 21 May 2021 to Shareholders of record on 23 April 2021, the Calculation Agent has determined that, effective 22 April 2021:
· the Conversion Price is adjusted to £4.8396 (previously £4.7827) pursuant to Condition 6(a)(ii) of the Conditions; and
I do need a new PM’s stock, after the way hoc has performed for me this year, I can only put it down to Peru elections ...and I don’t want to spike my twice in a year
Can’t remember what it was calculated at QZ I think it was 4p.
My average is below £1.80, so at 3.6 p it’s worth over 2%
Not mega bucks I know, but I’ve not been out socialising in over a year, and this coming weekend is all set....
So the extra beer tokens will come in handy :-)
Thanks for your replies, but mines still not showing, I have to get on to them in the morning
Still not received my dividend, I has everyone else got theirs?
I think Glenda has just put her blue marigolds on
Yeah right, since when do aim companies consolidate and not slip in a quick cash call
Precious metal
We held up better than what I was expecting at 8:30 this morning
I was half expecting Glenda to finish at around 3and somewhere in the teens
Seems as though it wasn’t the RNS many we’re hoping for!
Anymore weakness in the SP and I might have a little gamble myself
Chances are placement is almost done. Just some I’s and t’s to cross
And that who ever the deal is being done with ie, LO who already hold a load of these is selling down in order to accommodate the new shares.
That’s my opinion anyway
Higher production!
How longs a piece of string?
All I’m saying is that I’m not expecting any major changes until end of year
But in the mean time I’m sure there’s going to be lots of other news
To keep us all occupied.
I think you need to re read the Rns
562 oz Gold was sold
And production is very unlikely to be higher until they have multiple stoops to source from.
My stop loss kicked in this morning, so I’m officially on the fence for now, I can’t say I’m in any hurry to get back in..
too much of this in the headlines for now...
https://moneyweek.com/investments/commodities/industrial-metals/603192/copper-price-copper-bull-market?utm_campaign=money-morning-newsletter&utm_medium=email&utm_source=newsletter
I think Sotolo makes. some very valid points personally,
I would rather they got the debt down, more than getting a special....
Me personally:-)
I can’t remember if it was this bb, but I recall a few posters were of the opinion that gold needed to lead the way, in order for silver to continue upward .
So maybe things are not as bad as you think Sotolo.
https://www.kitco.com/news/2021-04-08/Central-banks-on-gold-buying-spree-again-Hungary-triples-gold-reserves.html
29th April first quarter production
Come on girl, You’ll never grow into a big olde fatty at this rate.
start piling on those pound again,
Or I’m leaving
Smhhh.