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I have two shares that pay four dividends per year, STOB and BNC. I gather it is the continental custom. It is a real advantage to a private investor.
Thanks for the link.
I am deeply invested in both SRON and WRES, for me anyway. Both are pretty disastrous at the moment and yet I am for some reason quite happy to wait. Even though, as of now, I have lost 7.5% on WRES and 18% on SRON. The trouble is that I really think both are going to return strongly. SRON when it comes out of hibernation, possibly end of January renamed as CORO and considerably bigger, and WRES once the product actually materialises, and with some golden egg on the cake perhaps. I cannot quite come to terms with my own investment strategies here! Am I losing it?
It is a most welcome RNS but I really do not understand how a mere 500 new customers are connected economically to internet services. If SAT can manage this with its systems then It is bound to do well. Their systems must be very clever and economical. Even better SAT offers speed as well! I have never been as certain about an AIM company having a successful future.
Following a recent placing, Saffron currently has 185.9 million shares in issue, over half of which are already owned by Po. In return for the Italian assets, Saffron will issue 185.9 million shares to Sound Energy and a further 185.9 million shares to Po. Based on Po's existing shareholding in Saffron, once all the new shares have been issued to both firms, Po will own around 51% of the enlarged Coro Energy while Sound Energy would own one-third, leaving roughly 16% in other hands. Sound Energy is a giant compared to its two counterparts in the deal, carrying a market capitalisation of GBP548 million compared to Saffron, valued at just over GBP7 million, and Po which is valued at around GBP10.6 million at recent exchange rates. However none of Sound Energy's other assets (mostly in Morocco) are affected by the deal. Mainly from The Morning Star. Does it help?
Record is showing little energy when compared to the Footsie. However I do have faith in the management, and hopefully they will drag us back up.
What can we long term holders of SRON expect when the shares come out of suspension? They stand at 4.375p. Could they double, or even treble? I am not experienced or qualified enough to attempt to work out the effect of the combination of assets of three Italian gas producers, in a complex deal. I don't even understand the increased flows possible from so many fields. There have also been more shares issued, this time to Po holders? My expectations are thus limited, by ignorance and lack of information. The big question is just what will a CORO share be worth, and how many will be issued to SRON holders? We just need patience to see what is offered and how. It is certainly interesting... It is also frustrating not to be able to deal at all, a real problem for small share holders.
What a load of rubbish I speak. The number of shares in EQN has actually fallen so the price has risen.
I open my ISA account daily and look particularly at EQN. So far the 3000 EQNN Rights Issue shares I was given/purchased have cost me 5700 pounds. I was given 1372 and purchased more for 5700 pounds. The money has gone from my account but no new shares have yet arrived. It looks like they will finally arrive early next week. The new shares will not qualify for the next dividend as EQN went ex div on Sep 14th, to be paid at 1.75p on 26th October. Meanwhile the share price continues to rise to 309p meaning at least I should see a good profit when all is done. I find it fascinating that increasing the number of shares on the market can increase the value of those shares. I will attempt to post a percentage profit here when/if I gain one, probably mid week..
Should I expect a dividend of 1.75p on all my shares including the redeemed Right Issue shares? It's all a bit beyond me...
Was I right to expect my rights to be redeemed today, 11th October?
I should have put a figure in my last post. It is a year since EQN floated and the value of my holding has risen over 67% in that year. I have also received dividends, and taken out 4004 pounds in profit, as I take 1000 pounds, every time my holding rises above 21000 pounds. That is an amazing performance.
SAT certainly never stands still, more positives: 31st Aug : Profit up 261% 18th Aug : Numis raises advice to 11.5p from 11p 17th Aug : Purchased Quickline 30th Jun : Grant backed expansion in Cornwall and Isles of Scilly 6th Mar : bought BorderNET Internet Pty Ltd in Australia 6th Mar : bought customer bases of NextNet and AS Distriktsnett in Norway for total consideration of £1.8m Fuller list here : http://www.stockmarketwire.com/company-news/SAT/Satellite-Solutions-Worldwide-Group
What will the price be after the issue at 190p? I think the price must drop but I still don't see us under 300p for long. This is some, well run company and I trust the management. Still the best performing share in my portfolio.
Thank you ecovest for the link to Gervais-Williams. Some really interesting ideas. I am now off to look at Bilby and Stobart. He is certainly upbeat on ACRL. I like to think 0f ACRL as a little like SmithDS the packaging company. International, investing hard and growing. If ACRL can emulate SmithDS I will be delighted.
This fall in share price has surprised me. Perhaps it is the Rights Issue. I was so sure we would see £3 per share soon. I think the price will recover sooner rather than later. Such a soundly based company still expanding from that sound base. Hang on in there!
I invested here at the AIM market offering. Then as the share price dropped I was happy to go on investing at lower prices to bring down my average price to 5.4p. Over the weekend I realised I had lost over 25%. My holding has also crept up to 33% more than my normal commitment. Despite yet another price drop I am resisting all further purchases until I can redeem my losses... The trouble is I still feel that SRON is on the way to earning real money, but enough is enough.
I was at the RAF club for the WRES meeting. I too have a full holding of shares in both WRES and SRON. I would have put your comments to Michael but felt it should be in the interval time and he was totally cornered by two or three others. It did not seem right to put an SRON question in front of the whole meeting. So sorry. My very brief report is on the WRES page here.
As promised a brief view of the meeting: There were some important points that were repeatedly stressed: 1 The target market is people with broadband speeds of under 10mb (1.4m UK households) 2 Small businesses (8% have under 10mb) 3 Households under 2mb (0.25m UK households) 4 Grants or other governmental support (France, UK, Norway, Australia) 5 EU SPEED TARGETS: 30mb by 2020; 100mb by 2025 (Easiest achieved by Satellite / Fixed Wireless) 6 Tech factors improvements in hardware and spectrum efficiency with good resilience to interference 7 Acquisitions important to growth and global expansion. "We are acquisitive" 8 Growing customer base 90,000 customers(31Aug 2017) "We had hoped for 100,000 but not quite there yet" 9 Revolving £5m credit from HSBC My overall impression was of an enthusiastic yet responsible approach.