Member Info for CJ66

I know people can do anything if they have a will,
but would this be legally allowed by Bayford to deliberately do this, or even as a concert party if not declared?
Maybe they just want a position thinking a bid may come along.
Whatever, I still find it incredible that they haven't managed to get the accounts out yet - but then again it seems to take about 3 years to put in a couple of miles of 'smart' motorways these days!

Good tip off Biffa, (I tend to find the advn site too overpowering),
as also mentioned, combined with a climbing gold price again - no wonder it's blue nearly across the board again for AAZ currently.
With the cash pouring in they can certainly advance the exploration side as quickly as practical.

Well it does help explain why the price held up,
and also means it isn't just Bayford who still have some faith in the stock.
Also reiterate that in their last RNS update (July) they did say the dividend was going to be increased - this means circa 9% = depite the wobbles it still looks more positive than negative to me as well!

granted Halfpenny, and that would be a counter if it took the gold price back to below $1200 (although even then AAZ's $550 all in costs look good),
however Trumps erratic off the cuff record doesn't bode well when you look at various signs of things going better, when he suddenly pops another hot poker in the fire + look at North Korea, Afghanistan - he plays a soft line as long as they take his view - and I believe he views the Chinese need putting down to stop them ever overtaking the US (+ he is likely emboldened by the US's powerful oil position, which used to be an achilles heel for them).
I'm still for £2 with AAZ's exploration potential - but time will tell....

Certainly some big volume trades coming through that do look mostly sells by institutions, unless very rich individuals.
Are they selling out for any reason or just the uncertainty, that in turn tends to cause a price fall, which they want to avoid, so makes them sell etc...
The last RNS from only the 16th July did however say that ;
'There is no change to the Group's underlying performance or cash resources and the Group remains committed to paying an increased dividend for the full year in line with the Group's previously stated dividend policy.'
This would look like being a circa 1.5p final (circa 6%) or total year 2.25p = a dividend yield of 9% - The last trading update on the 27th March was also very positive (bar Dunamis) with an order book up to £47m from £38m, so unless the wheels have fallen off since, I'm still more a 'Bayford' follower than the sellers, but like everyone I'm just getting impatient as to who is correct!

Yes it's a good report and I think shows how these guys rather pick up more on companies that are difficult to understand, have a high priced stretched PE, any info which can be 'double speaked' etc, that can then make them a vulnerable target. Push button and if in the panic of confusion it falls enough, many head for the exit - occasionally of course this combination uncovers some dodgy dealings (but those like Quindell were already being very openly expressed) or can become self fulfilling - i.e. here once the institutions have sold out they can hardly come straight back in again. Similarly I thought HL were very shallow in why they fled - hardly worth paying for - behaviour was more like an inexperienced investor. Bought some...didn't really understand but others were all buying...price went up so kept buying more...MW attacked price fell...sell all now made a loss!
I bought it soon after IPO as a business not correlated to most of the rest of the market and will continue to hold, although it will take some time to get back to those higher levels as it sits at a much more conservative price now, but still well up from the £1.20's I bought at 10 yrs ago!

Noob - I think Halfpenny has stuck his finger in the air.....
…...mind you if Citi's forecast of $2000 in 2 years reported in the FT, with US economic growth fading and rates being cut + any uncertainty over the presidential election....
it could £2...touchee ….. 1 of the 2 will probably be right!

This looks very good news - although more potential than actual at this stage,
it both helps diversify Strix further than just kettle controls and is using it's strength & track record of having close tie ups with its element product supply with big brands.

...just to add of significant relevance (especially in this slipping gold price) look at, for comparators with other companies 'all in production costs' - AAZ is one of the lowest, with last year $541 an ounce i.e. makes exponential profits on higher gold prices.
At say just $1400 an ounce it still makes $859 and has no debt to finance.

Sam, it's not the bargain it was - but it's currently paying a decent dividend and has plenty of exploration avenues that it is exploring with the cash pilling in....as ever remember that it is a gold miner - all commodities are cyclical - therefore it will go up (and down like today) on the gold price. But ignoring the short term it is more whether you feel the gold price is going to stay up or down that probably supplies your answer.
I have no crystal ball but I'm currently staying in with all the worlds geopolitical woes, and it remains a good hedge against these (and hence a hedge if you hold other consumer type shares).

Interesting, an upbeat but much more measured cautious tone without much detail!
Think they are learning that slow and steady is what people want combined with the high octane - this has still some way to go before reaching the highs again and will do so by results.
Anyone with Burford shares is finding the same + a bucketful of mud as well. People there talking of regaining the highs once proved wrong by Christmas etc...but I suspect it will be a similar story to Victoria - material results are the only lasting drivers.
Having bought a very long time ago, I'm more than happy to hold here, although I wouldn't mind a small dividend back one day!

...in this Brexit world, I like some 'yawn'....
apart from operating slightly under current dividend cover, it all looks very predictable and slow growth. But in this world I will happily take the 5% without wild gyrations please!

is this a vicious circle for our current share price...if the shares need placing = lower price = short the shares knowing this = price doesn't rise = lower price req'd etc...

Did also dip in for a few more early on at £1.35 - the standard payout of 11.5p is 8.5% and looks fairly safe unless things really deteriorate severely, making it an income buy with some small risk to me.
The specials are clearly stated on any cash over £11m and had previously been flagged as unlikely this year due to spending on the big box and revamps. As such, a cash generating company spending on the future has probably been harshly treated by a 30% drop, but this is the toxic retail scene, so I would also acknowledge this is unlikely to go much further than the 'dead cat bounce' for a while!

….as a p.s. I correspondingly can't think why anyone would be selling them,
as it shows more sells than buys today!?!

Hi Fallingknife - and fortunately a misnomer here!
1st/2nd half eps last year 24 & 41p is 1600p / 65 = pe24
This year 1st 31p / 2nd say conservative 49p is 1600 / 80 =pe20?
This is conservative because if the 2nd half increase is the same as the 1st half or more it is 52p or more.
Coupled with this is £13.1m of cash or circa £1.20 a share so pe could be 17/18
In fact the biggest current danger is not been able to grow capacity fast enough, with the Dudson acquisition helping Brexit wise as they say they were going to need a European warehouse anyway in circa 2 yrs but brought it forward.
Being a very old codger I bought most of my Churchill shares between 15-20 years ago priced around £1.50-£2.50 (i.e. now 20% divi on original shares at 30p div) , but a short while back bought some more near £16 as I believe they could be over £20 in 2-5 years with current momentum.
Forget some of the tech companies, simple get rich slow suits me fine!

Yes really strong and again with a relatively fixed cost base they seem to extract big profit gains from modest turnover growth.
Was really pleasantly surprised to see they said 'There was little direct impact on revenues from the Dudson asset purchase in the first half year' but 'are expected to increase substantially in the second half of 2019'.
I had expected this to drive the growth as Dudson had £20m t/o - but I wouldn't be surprised if they later on issue another '..beating market expectations'.
It's a high PE ratio, but a genuine growth stock at present and investing in further growth from a pile of cash = a genuine Aim stock not to be moaned about!

Sorry Will but you may have to sign up somewhere else then!
They have already been criticised for giving knee jerk and partial comments - which panders to the way that MW poke them and also operate.
I'm sure their legal people have told them it is better to keep quiet until you have a fully rounded picture - and just to keep doing things like the Directors purchases.
It will all out in the end - but constant updates only last 5 minutes and don't work. Due to the damage done and amount of shares sold and bought I expect it will take a long gradual time to build confidence and price back up - it will only be done by actual results.

Entirely agree - it's a honey today jam tomorrow company and hopefully no bid is going to happen. 'possible transaction' with a company 'whose principal asset is the production sharing agreement' - could it possibly be acquiring other assets in the country or even outside the country and how would the agreement work, or of course a bid - not sure and perhaps deliberately vague?!
Todays price is partly high due to the combination of low production cost and high gold price, but the promising exploration that is now getting properly funded leaves scope for years of potential dividends and gradual growth - discoveries still have to be funded to production vs some natural volatility with news and gold price.

KLK just written off $35m in a joint venture part of Equatorial Palm Oil,
whilst probably a drop in the ocean for somebody of their size it might still help keep them away from MPE - although it would also reinforce the mantra of they don't want to overpay if they do have another tilt.
I still think the continuing cyclical low price of palm oil is dangerous for a lower bid than it's long term value. This is why MPE are still having to prop the price up with buybacks even as you point out it is mildly increasing KLK's stake!