Member Info for CSDI1962

Altho price of gold has trickled upwards in dollars, the cable rate has gone up a similar percentage too, so that may have some baring on lack of progress.
CEY needs to resolve its production issues to benefit from any rise in gold, as company plans to prduce less over next 2 yrs than it did in 2019. The increase in AISC due to allocating costs to lower volume of gold will also hhold back the SP.
Just looking at P/E ratios, CEY is on 11.79 per HL website, with POLY below 10, so suggests CEY is more expensive.
From prev posts you may be aware that I have 6% of my p/f each in CEY & POLY, and CEY has outperformed POLY since my recent addition to POLY a month ago !
Both firms issue Q1 production numbers tomorrrow - let's hope the news is good all round !
Cheers & GLA - CSDI

Better entry price than mine at 2695. I have target of £29 in mind for short-term trade if all goes well.
If fails to work out then will hold longer term for the 8% p.a divi.

Cheers - CSDI

I cannot see any comment on company website re March update and divi.
Last yr was published on 20th April.
Anyone know when we can expect update from Company ?

Last RNS implies another 2p per qtr divi, making it 8p p.a.
SP been on a good run lately - how much left in the tank ?

Thanks - CSDI

Hi Throne
Any news on your divi yet, as I am still waiting for Stocktrade to cough up - 3 weeks delay and counting.
with the steep falls yesterday I bought some BATS @ 2695, as already got 13% of my p/f with IMB.
I've got too much of my p/f with these two backy shares, now making up 20% of my p/f.
Missed the boat with chance to sell some IMB at profit, but was aiming for 1650 as next selling point.
The next divi announcemnt is due 18th May, with the 1/6th divi normally paid end of June and September. Strange way of paying their annual divis of 1/3; 1/6; 1/6; and 1/3. Think we can expect small increase on the 20.85p from LY.
The smaller divi should create less manipulation of SP compared to last two divis.
My BATS target is £29 as a trading batch.
My IMB target was 1650 for 1st batch, with plan to hold batch two other batches long term esp as one cost £29 per share - ouch.

Let me know if you hear any more from Stocktrade and I will do same as have a complaint registered for delays in divis.
Waiting on GSK divi too, and just got MCRO's today which was due 15/4. Really poor service with divi payments.

Cheers & GL - CSDI

Lost count of your top ups. and number of posts.
You must have more funds than Barren Wuffet.
Having invested so much, would be interesting to understand your thesis.
Look forward to hearing you have bought some more tomorrow - with them being as cheap as chips
Cheers & GL - CSDI

Hi All
Purchased a small trading batch @ 2695p, using proceeds from another trading batch, having sold AVST on this mornings little rise. Gone againsy my plan of funding from IMB, but feel I missed a chance to sell some of those before this drop.
nothing to do with ex-div drop - all thanks to Biden today. Always someone to have a dig on the backy makers. Just hope to be nimble enough to profit from the chances they provide.
GLA - CSDI

My prediction - courtesy of a quote from Peter Lynch "shares go up, and shares go down (usually faster on way down).
I do not understand the point of asking for predictions - may as will stick a pin on a chart.

Thursday will have some influence this week.
What we need is:
1. good news on west wall clearance
2. confirmation that production will hit arounf 450,000T for the year.
3. Something actually progressing in Cote d'ivore and West Africa region.
4. Gold price to hold above $1750
5. News on fuel rebates

Even then, will that move the SP north - as we all hope
GLA - CSDI
PS. Was surprised the 2020 Reuslts did not give us more uplift, but think CEY will be a long slow climb up the SP worry-wall as we are couple of years away from full production over 500KT.

Hi Austin
I've had SLA from Apr 2018 to Dec 2020, and sold to buy AV.
Made more on AV in 3 months than had with SLA in nearly 3 yrs !
Sold AV and bought back SLA for 321 on 4th March , only for SLA to drop almost immediatey, so took a awift loss on SLA selling at 306p on 9th March. Looking at SLA now, think I did the right thing as gone lower again, assisted by ex div of 7.3p
SLA is different buisness to when I bought in 2018, and don't think they've mastered their role as Investors at all.
I've done far better with ASEI recently, which has similar yield.
I think AV and LGEN are probably better choices than SLA, but a lot depends on timing as they can differ significantly.
Having bought SLA @ 360p in 2018, then had to suffer the share consolidation, it's not been good to me. The divi was nice for two years until the recent cut. Plenty of other HY shares to pick, and SLA stays on my watchlist.
Cheers & GL - CSDI

Hi again s-i-d-i,
I am keen follower of HYPs and have similar HY shares of CEY, GSK, IMB, POLY.
Other HY shares I hold (yield in brackets) are ASEI (5.66%), AEWU (8.51%), SUPR (5.26%).
Others on my watchlist include CMHY, HHI, NCYF, AV., BATS, SSE, SLA.
And there are so many others.
The danger with the HY shares is that the divi is lost if the SP falls, and many of these "old economy" shares do not have the growth prospects. I know to my own cost with previous purchases that I thought were "safe shares" with good divis. The key is to buy at low prices (statement of bleeding obv), which can be difficult to gauge. I have suffered with expensive purchases of IMB, RDSB, GSK, CEY.
If you can find the "General Chat" thread about my own p/f, you will see a lengthy discussion about the pros and cons of chasing HY divis, and some interesting and constructive criticism.
GL and please do not repeat the mistakes I have made.
Cheers - CSDI

Hi Sidi
I think you just have to decide and have a plan.
If you are "investing long term" - then why bother selling at all.
Invariably the SP recovers = it's just a matter of time with ashare like NG.
I am always surprised by how sudden they move down, with utilities mainly affected by Bond/interest rate news.

If you are looking to trade in and out, then just stcik to your guns - good or bad, just make sure you only have small amount in any trading share -so if it goes pear shaped it does not wipe out too much capital.

I like to slice off (bottom or top) some shares if I can hold enough to have more than one batch.
NG is only a "one batch share" for me, with plan to buy below 850 and sell above £9.
My timing always misses the best moves with this one.

Cheers & GL - CSDI

Hi NSS and Barrie
The comparisons of RDSB and BP are almost identical over 2 yrs, 12 mths, 6mths,
Over 3 months and shorter BP has outperformed.
All other things being equal, it can be good to buy the laggards on a short term trade.
While I'm still underwater due to my purhcases in 2018 and early 2020, there is ample opportunity to reduce losses by trading in the current range of roughly 1250-1500.
Not sure I will get back to my 2688 first purchase price, but will keep chipping away.
whenver I pick up BP shares, it's the kiss of death as my timing is terrible.
So will stick with RDSB and carry on "bottom-slicing" if SP gets back to near £15.
Otherwise just have to sit tight for as long as it takes.
Cheers & GLA - CSDI

Evening Sidi
No rush to buy anything atm. We've had a really good run with the FTSE this month, so overdue a bit of a pullback.
The US markets are incredible defying gravity. But when that bubbles bursts .... and it will when we least expect it .... we can expect a knock-on shock over here despite the FTSE being a tiny fraction of the US30 index.
Over the last decade the FTSE has gone nowhere while the DJIA has gone through the roof, past blue skies and into orbit by comparison.
Cheers again - CSDI

The only way is up baby.
I've got one batch @ 1411 with no divis
And another batch @ 1483 with 96p divis
And have to forget about the batch @ 2900.
although average costs are 1888 all inclusive, I'm only 106p from break-even with all the divis from older purchase.
Good to see BATS on a charge too, although I do not have any of those atm.
would be great if we can keep momentum going until H1 results on 18th May.

Cheers & GL my friend

Evening Jr
Oh yes, remember M&W sketches very well - Angela Rippon's career took off after her sketch with them.
Les Dawson played a mean piano tune too - wrong note with great timing.
Spot on analogy there with my purchases. Good shares with bad prices and timing is my "specialist subject" on Mastermind tonight.
Cheers - CSDI

Nice to see BATS on the move north - long may it continue.
I'm riding the other horse called IMB and keeping tucked in closely behind as the great Peter O'Sullivan might have commentated.
A lot of fences to jump in the Grand National to get to the winning post, where we were in 2016. We are only just over half way there !
Sorry if I speak in riddles, but hope you get the gist.
Cheers - CSDI

By heck Jr, are you on some of GSK's drugs or BATS whacky-backy ?
NO danger of me ever becoming ace stock picker - I timed my repurhcase of GSK impeccably last July at £16 and suffered ever since, averaging down 5 times and still too high LOL., except for one bacth sold today at profit from cost of 1215p. Next batch cost 1388p, so I am on way to that one but the summit is miles away.
Strange I looked at BA. last week at £5 and thought that had potential - I know the shipbuilding side from working there back in the 80s.
Delisghted to see IMB, CEY and POLY moving up at last.
I have nice little sideline in ASEI that's going well too.
Still plenty of dogs in my kennels though (88E, CEY, GSK, IMB, NCYT and RDSB) that are well under water !
You deffo don't want tips off me, unless you wanna be skint !
Cheers & GL - CSDI

Hi Soton and anyone else,
I've mentioned previously the similarities bw these two shares.
Having just looked at their SPs since 31/3/20, their performance has been more or less identical with a 41% rise for IUKD and 40% for ASEI.
There has been a chnage in divi yields though as IUKD cut to 27p over last 12 months vs 46.7p previous 12 months.
While ASEI has paid 20.6p vs 20.8p.
I made a choice in December to switch from IUKD to ASEI and have been lucky to find that ASEI has outperformed IUKD in this period (+19% vs + 12.7%). and has paid a much bigger divi too (3.3% vs 1.7%).
My plan is to stay with ASEI for now, but may well switch back to IUKD in due course if there is divergence in performance, on the basis I would buy the laggard for recovery.
I run a similar comparison with tobacco stocks IMB and BATS, to try and time sales and purchases.
This is not everybody's cup of tea, but just gives some alternatives to holdings in a p/f is there is room.
Cheers - CSDI

Hi again sidi
I've decided to part company with NG today. i've made a whopping 2% profit in 15 weeks and come to the conclusion a tortoise would be better equipped in a race uphill.
I will find another home for this small piece of my p/f and may go for the old dog called CNA, although SSE may be more tempting. choices,choices eh
Cheers - CSDI

Hi S-i-d-i
I am looking for 1650 to offload my next batch, iaw with my bottom slicing plans.
Don't think I will get chance to top slice any time soon, after my initial purhcase at £29.
nice to see both IMB and BATS with a bit of wind in their sails.
Next divi announcemnt due 18/5 with H1 results.
If latest news anything to go by, should be positive, as pandemic has caused many to increase smoking habits due to CV-19-stress. TBH, I am amazed that I haven't started smoking with the stress of watching the SP gravitate over the last 4-5 yrs.
Maybe, just maybe, it's broken the long down trend, and will come back to life.
Cheers & GLA - CSDI

Hurrah Hurrah (again)
Have we beaten £13 this time ?
Good old Elliot - about time someone shook up Emma
I've done a bit of bottom slicing today - if that makes sense - so cut my weighting 18% to 15%.
got a long way to go before I can start top slicing ..
Makes a nice change to see GSK SP move up - for last 9 months it's been fighting with gravity.
Cheers & GLA - CSDI