The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.
UK will still be using gas in 2050 and wouldn't be surprised if the USA and rest of the world is too.
https://news.sky.com/story/uk-should-build-new-gas-fired-power-capacity-to-use-as-backup-government-says-despite-green-targets-13092730
Tendred on ii, fairly straightforward.
Shorters definitely serve a purpose, watch the wirecard documentary on Netflix. Also the short % at 3% isn't much at all...
I'd imagine shorters will close just before full year results or just after. The shorters must be thinking the div will be cut, personally I don't think it will be cut and the shorts will get burnt badly. So end of march we will be £13 or £8. So just got to wait and see.
Share price dropping by the dividend amount not entirely unexpected. Got almost a month for the share price to recover over £9.35 for the tender to go through.
Should be trading at 10.20..I agree need to delist on lse and get given US shares. No FX hassle then too either as can re-invest the dividend in USD too.
Link for the source of the drilling permits?
Scrwal, Good point however I don't think Rusty gives a monkeys about the FTSE250 as he listed on the NYSE to improve liquidity and access US investors. The LSE is on a downward death spiral due to it's punitive stamp duty that makes speculative day trading expensive and retail not having access to option trading. Would be no great loss if they delisted on the LSE.
I LOTM,
Retail isn't much of the free float, so we need institutional investors on board doing the tender which I'm sure rusty will have spoken to before the offer. Rusty has a 2% shareholding so that is pretty much a guaranteed 2% that will be tendered.
Once we have full year results and dividends for the next year confirmed hopefully the tender offer becomes a regular thing as we need a stronger share price so we can raise capital for more acquisitions.
Cost to mine BTC is $17,566. So after halving that will be 35k. With btc at 50k that's still a profit. Do they mine other coins like litecoin and doge?
Tempted, looking through the last trading statement they must be making money now after the capital raise. With no news it's odd the stocks dropping. When are the next earnings due out?
ISA - Do a W8BEN and you pay tax at 15% WHT
SIPP - Do a W8BEN and you pay 0% WHT (Unless your broker sucks like freetrade)
General Investment Account - Do a W8BEN and pay 15%. The 15% tax can be claimed as a foreign tax credit ( I have done this personally).
No W8BEN and you pay 30% WHT
Horult, The ex-dividend date is the day before the trade's record date. The record date is the date on which the company compiles a list of shareholders of the stock for which it has declared a dividend. This list is used to determine the shareholders entitled to receive the dividend.
Lol no the Record Date for Tender Offer and the Third Quarter Dividend are the same time.
So from what i understand is you give up some of your shares for Stifel to buy and they pay you a 5% premium. If you do nothing you get 87.5c approx 69.70p per share.
So if the share price is 900 you get the shares bought from you for 945p so you get 45p dividend, no great.
If however the Shareprice is 1380 the shares are bought from you for 1449p so you get 69p
So do you think the share price will be at minimum 1380 by March 29th?
However the full year results will be released by the time the buyback in executed, so this must mean Rusty thinks the share price will be 1380 by then, otherwise why do the offer at 5%?
Full year results come out before the tender buyback is executed (19th march aporox) . Depends if you think they won't cut the dividend then the share price will go up and you would be better off with the tender vs the dividend as its likely the share price will go up more than 2% on good news.
If you think Rusty is going to cut the dividend your better off selling now, as there will be much more capital destroyed than then the dividend pay out. So I'd say tender if your bullish as it benifits all the shareholders and yourself.
"Shares purchased under the Tender Offer will be cancelled by the Company" ...where does it mention us shares?
5% premium seems unfair given we're at 30% yeild atm. Should be 7.5% ?
DEC full year results come out on the 19th March. The buybacks are the 5 days from the 27th March.
So this could be planned to cause max pain to the shorters if the dividend policy is maintained and then 42m shares get bought back. Could seriously screw with the shorters.
Shorters must think it will go down more than the dividend amount on x dividend day.