Member Info for Couerdelion

I don't think there's anything to be gained speculating that the the oil price is fixed. Even OPEC has limited power to do that and there's nothing that the local producers can do to fix the price of Brent in any meaningful way.

Stick with the simplest explanation.

The more I think about it, the more I can see the expansion of stamp duty to ETFs as an easy win for Reeves.

Whatever happened to "no news is good news"?

Of course we would like some good news but company information is regulated so we will never get up to the minute news that we expect elsewhere.

Bear in mind that companies are cannot withhold material information. The lack of any update should be an indicator of business as usual.

I'd argue most of the market reaction today - a happy result given the backdrop - was down to the results. The prospects of joining the FTSE-250 is there also and I suspect there will be shareholder pressure to move to the main market.

I'm not even going to try to predict where the SP goes from here. But can't deny that there is less upside than there was.

I've not heard anything about increasing stamp duty. In reality it is just another form of capital gains tax so it would be an option that would raise some easy money.

Can they apply the tax to things like ETFs? That would raise a fair amount for very little pain.

That doesn't sound particularly optimistic. The optimist would take the view that the government measures will be less punitive than feared.

Personally, I was looking forward to reinvesting dividends at a price around 100p, but I don't hold out much hope of that happening.

I don't recall anything in their speeches about getting M&S shoppers to pay their fair share. Ironically, M&S is probably the best value shopping in my neck of the woods.

But I can't think of much in the budget that will affect the business side of M&S. And if we assume most people hold their shares in ISAs and SIPPs, there's little from that angle that will play out much here.

So it's just weirdos like me who hold their MKS in a GIA who have anything to worry about. And I'm happy to hold a fair chunk of my shares as a passive investment even if CGT and dividends are taxed as income.

40p is almost all made up of cash and trade receivables placing zero value on any capital investment. Much of that investment is to get the Thaba venture up and running which is expected to bring in $15m per annum from the beginning of 2025.

It's not even clear to me which part of the results here were "news".

I'll read it later. There's a lot of information in the results and presentation to digest but a very high level view is that there's enough there to be optimistic about even if there's a lot of CAPEX due over the next year.

You're comparing with HY23. Net cash is up on YE23.

As for the dividend, what do you expect them to do with all the cash they are sitting on?

Very tidy set of results here. Steering expectations for FY to top end.

And here's a little treat for us - considering moving to the main market (update to be provided in January after consultation)

Can't see anything here to worry about here. Plenty of cash generated, debt covered and a 8% interim dividend yield which is going to go straight back into more shares.

A good question and I have to admit that I don't currently have any price target. PE ratio is looking a little high but not excessively so and I see MKS as a long term pick that could provide a healthy year on year return for 5-10 years. Worst case scenario in October would still leave me with a passive holding of around 50% of my current investment.

I guess between now and then, 370+ looks like an easy profit-taking opportunity but I will see where this week takes us before picking a number. Bed and breakfasting rules make picking exit points fraught with risk that the share price can run away from you.

You'd best elaborate, Heroric. You seem to be suggesting that you cannot sell JLP shares.

Maybe you should try a basic share trading platform.

I'll admit I took a little profit at the end of last week. Rather against my better judgement although I still hold more now than I did when I invested in March. It feels safer to bank some capital gains now rather than wait for the Autumn statement.

Does it make all that much difference if they use cash to buyback shares or pay dividends? I would have assumed that most of the dividends here were reinvested so I think it amounts to the same effect on share price.

I think I prefer (just a little) the option to reinvest myself although I accept that I might be better off if the company bought the shares at times of its choosing.

I bought a little more this morning - though largely this was more about putting some of my holding into an ISA so I'll be selling some of the GIA stuff over the coming weeks. I was a little peeved to see the RNS appear late - LSE seems to have had a lie-in today - but I don't think it would have changed my plans. The message is clear enough and their no ugly news story hiding there other than the fact that they are still waiting for ASX to give the go ahead.

September has arrived and site operations are swinging back into action to it's just a matter of waiting for more news.

I see Harry is up to his old tricks - turning shadows into monsters. He says he's not interested in putting any money here but you have to question why he spends so much time here.

Don't let him give you nightmares.

Look at it this way, even if the dividend is reduced by 50%, it's still yielding nearly 10%.

But the other way for the yield to come down is if the share price increases. The share is dirt cheap in all but the most pessimistic of scenarios.

I would but I've got insufficient room in my ISA and which might be at a premium if some of the mooted tax changes come to pass. Not that Tufton wouldn't be a great candidate to occupy the limited room available but there's too much uncertainty right now about the tax backdrop for me to be limiting my options.