Member Info for Couerdelion

Despite their recent selling, TEK still owns a lot of BELL

I could buy this just on the dividend right now. I don't think I would be the only one.

What is hard to judge here are the sellers. Despite the wide bid-ask spread, I've no doubt that there are some buyers who are taking a quick profit on the 20%+ daily rise in the SP. And I can also foresee another downward drift in the SP from sellers who want to take some profit.

But that's a trader's game fair play to those who can turn a profit on shares that trade on bid-ask spreads of 10%+. If Monday is the day to buy and sell here, then the traders will continue to drive up the price.

I need another 3 weeks of these increases before I let go of any of my shares - though "sell early-pm Mon and buy late-pm Fri" looks like it might be a strategy that could work.

I took the opportunity this morning to top up simply based on the belief that the Zambian operations could be valued at zero and it would still be cheap. After following the interview and rereading the RNS, I can't see why this would materially impact on the value of the company but the shares are now trading 10%+ below their low point which gives me another bite tomorrow.

I tend to be sparing with my own "Buy" opinions, but this can't go without an opinion. I will be among the buyers tomorrow at this price and expect the discount to unravel quickly - but with FIL still selling, it is an early Christmas present for many LTH here.

Even if I see this as a short term position with

If it drops to 250p, I will certainly take the opportunity to add a little more, but I think that's very unlikely. Looks like we're moving sideways until there is some trigger for it to break upwards.

The longer term decline in the SP can be largely attributed to the higher interest rate environment we are now in and something beyond the control of companies in this sector - or similar big dividend payers - which can be viewed as bond proxies. The bulk of investors - including institutional - buy PHNX and similar companies for the income and from that perspective the cashflow to investors has been steadily increasing over the years to the benefit of its shareholders.

Right now, the share is trading on a dividend yield of over 10%, or around 6% in excess of risk free and with the expectation of future increases. If the SP falls, you still get the dividend so logically you'd hold on for the dividend you were getting (probably increasing at around inflation). If the SP rises 10%, you are still earning over 9% dividend yield so would still probably not want to sell.

If you want capital gains, you're probably in the wrong share here. But factor in the dividend and you can still get a very strong return without needing the gains.

I hold this stock for the long term value for the simple reason that defence spending will be increasing and BAE will be a major beneficiary of that. After the recent drop in the stock price, I view my holding here now as being overweight having added several small tranches on the dip. It is just a matter of time before the price will recover and I don't expect peace in Middle East or Ukraine will add anything more than noise to the general direction the price has to take.

Price is largely set in NY. And today it's given up much of the gains it made yesterday. I'd be happy with £12 this year but I think that feels a little greedy without something more tangible to support it.

I think this is a fair assessment. The share price is still not reflecting the value of the tax losses and we should expect this will be understood in time. Maybe not today but I can see even this minimalist valuation should be reflected for the more patient investor.

If I do some very simply sums this looks to be a very tidy little deal. 150m barrels for the full consideration and plenty of tax losses. Those more familiar with the way tax is calculated will do a better job of working through the numbers into profits.

Maybe I should mention the very strong and supportable dividend (that isn't paid out of debt)

I can sort of know what you mean although by adding a little here and there you are trading in some way. My own trading I could probably argue was just profit taking from an earlier purchase (leaving the profit in shares) with a chance seeing a cheaper buying opportunity later. My buy today was simply a recognition that I have changed my view of what is cheap.

I have still got the shares I got when I first purchased in March and a few more from profits and dividend reinvestment as I see this as a good medium to long term hold. I just see the volatility as a way of picking up a few more shares cheaply but it represents only around 25% of my holdings here.

I too struggle to understand what Solomonkane is after. He doesn't like debt (tick for Jet2) but wants less cash so those two objectives don't quite add up. More generally he appears to be in favour of lower investment (specifically in planes) and for the money to be given to shareholders.

FWIW, I bought a bit more today though largely just replacing some shares I sold about a week ago. In isolation, I lost a % or two on those two trades.

Apart from it being illegal?

I added a little slice here today.

Let's see if this short run can continue for a while.

Plenty of upside here but I'm not averse to taking a little profit too. I usually leave the profits here in shares.

It wasn't clear that the description of JLP was written by Marina. It could have been an old piece that Businessinsider found and tagged onto the recommendation news.

I thought the other recommendation was 11p which would make the market "consensus" 9.65p

You probably want to compare the results to FY24 rather than HY24 as much of the stock reduction was already presented. But the cash position has been improved by the loan notes so it's isn't clear that we're moving towards a cash generative business even with the cost reduction.

My holding here is quite small so I'm more inclined to wait for a more technical analysis of the results before I judge but I can't get too excited with these results and the presentation is just BS.

Most days here are "no news" days and the trading activity is usually very light. It can also be very frustrating when the share price drifts down on minimal trading, which it can do. The limited free shares makes it very hard to judge where it might go from one day to the next which might also account from the wide spread frequently seen.

Much better for the patient investor who recognises the growth potential. As and when news emerges through results or updates, we'll get a better idea of what might be a fairer valuation although we should be under no illusion that the share price will reflect this any time soon because the upside potential is so great.

Yesterday was a bit of an aberration but it introduced a new group of investors who've each got their own entry price and objective. Whether that creates a few new resistance points, I'll leave that to the quants. I wouldn't be surprised to see a little more downward drift before the next update which I would expect to push the SP up a level.

Where do you imagine the underlying negativity towards GNIP is, baf3? I hold the same shares I held on Friday and won't be selling any of them at these prices for reasons I have shared previously. Notwithstanding my own valuation target (48p-240p), the primary risk here is purely around agency risk linked to the ownership. As a stand-alone business, it is a sound investment, but with a single owner controlling 70% of voting rights, there are risks.

Multiplier, how many of those points are already included in the price.