Member Info for Culpepper

I should modify that re. divi. working on the last enhanced payout ratio of 40%. Taking at least adjustments into account, there will be less profit to disperse than last year.

Still, looking at a brighter side and the PBT forecast, I should think the divi at this point is as safe as last year. Just my thoughts mind.

Goodness knows you need patience here. But treating the unusual in the usual way and with a quality company I’ve bought yet more. Against what I get pleasure from doing though.
Maybe some comment later.

Reaction so far caught me out, I’m sorry to say. Still, in good company. Not good for Mr.Wood either and his recent buy at 170p, when he must have known pretty much what was being reported.

Of course I’m biased, but another case where the price is out of synch with the figures and forecasts. But the market is the market, and sentiment is low.

Yes. If it was cheap before, as pundits generally agree, well……..

At first sight looked a little gloomy. Until I realise that £72m - £82m PBT is way ahead of last year £65.4m.

“Whilst comparatives for Core sales ease in the second half, trading in recent weeks in DIY and a softer outlook for the DIFM market suggest customers are reacting to the uncertain macroeconomic backdrop as we enter the second half of our financial year. Given this backdrop we currently expect full year adjusted PBT to be in the range of £72-82m. “

https://www.londonstockexchange.com/news-article/WIX/wickes-group-plc-trading-update/15555819
Things slowing up a bit.

When you said you ‘cut your losses’ I thought you’d sold - but obviously I misunderstood.

I agree. Hard to see it as coincidental.

You got to be realistic here, haven’t you? Reality is the loan note debt has to be repaid, plus the interest being rolled up and payable end of term, on current arrangements. Fat chance of that on what they’re telling us, despite the improving trading position of which they speak. It won’t disappear, it’ll be shifted. Or some of it.
That started with Kestrel, at 2.5p. An amount shifted into equity. I was thinking, and hopeful, that that would follow through - fish and fowl sort of thing, with Kestrel having an inside track. So 2.5p for Mxc? Who hold the preponderance.
But it doesn’t necessarily follow, does it. I note they were intending to have conversations with the loan note holders, then it was they were in conversation with Mxc. Nobody else mentioned.
So the major question for IDE shareholders is, what deal will Smith Mxc strike with Smith IDE, if there is a debt for equity swap. For him, and his personal cash, Mxc is what it’s about.

There’s nothing out since last update. We’re told to anticipate an update end of this month - next week. Any excitement is about todays rash of buying. Which is most unusual on a no news day. Thinking turns to a leak, and buying to a leak of a positive nature.
Just summarising today for anyone attracted.
Previous posts speak to the rest.

Turning into a few at a time job for Livermore.

RNS Number : 3550T
Amaroq Minerals Ltd
21 July 2022

("Amaroq Minerals" or the "Company")

Director/PDMR Shareholding - Notification of Transactions of Directors/Persons Discharging Managerial Responsibilities (PDMRs)

TORONTO, ONTARIO - July 21, 2022 - Amaroq Minerals Ltd. (AIM, TSXV: AMRQ), announces that on July 20, 2022, it was informed that Livermore Partners LLC, a company in which David Neuhauser, Non-Executive Director of Amaroq Minerals, is Managing Director, acquired a total of 14,000 common shares of no par value in the Company. This brings Livermore Partners LLC's total holding to 12,054,210 shares, 6.80% of the capital in the Company.

Just part of the daily, but big blip in there. Absorbed a transaction of 894k shares at 160.6 before resuming normal.

TORONTO, ONTARIO - July 18, 2022 - Amaroq Minerals Ltd. (AIM, TSXV: AMRQ), announces that on July 15, 2022, it was informed that Livermore Partners LLC, a company in which David Neuhauser, Non-Executive Director of Amaroq Minerals, is Managing Director, acquired a total of 23,800 common shares of no par value in the Company. This brings Livermore Partners LLC's total holding to 12,040,210 shares, 6.79% of the capital in the Company.

To the extent that closing up the Mxc shop, which they’ve said they’re doing, means they’ll dispose of Mxc assets, they need to get on with whatever it is they’re up to. Including the debt overhang. Could take longer than the 5 years they stated, I suppose, to sell up.
But I don’t make a case for IDE anymore, or profess to have any real idea how it’ll turn out, for IDE or Mxc.
We’ll get something out of them this month. I suppose.

If anyone wants to read back previous stuff prior to name change to Amaroq, it’s here.
https://www.lse.co.uk/ShareChat.asp?ShareTicker=AEXG&share=Aex-Gold-Inc

("Amaroq Minerals" or the "Company")

Director/PDMR Shareholding - Notification of Transactions of Directors/Persons Discharging Managerial Responsibilities (PDMRs), and Award of Stock options

TORONTO, ONTARIO - July 15, 2022 - Amaroq Minerals Ltd. (AIM, TSXV: AMRQ), announces that on July 13, 2022 it was informed that Livermore Partners LLC, a company in which David Neuhauser, Non-Executive Director of Amaroq Minerals, is Managing Director, acquired a total of 35,700 common shares of no par value in the Company. This brings Livermore Partners LLC's total holding to 12,016,410 shares, 6.78% of the capital in the Company.

Moved to
https://www.lse.co.uk/ShareChat.asp?ShareTicker=AMRQ&share=Amaroq-Minerals

And Livermore increased.

I continue to convince myself that Mxc and others have thrown so much at the company that it is part of a larger plan, and that plan on the face of it is likely to involve MXLG, that being the only thing they have running as a roll up, which when announced envisaged acquisitions to build a company of size and scale with Liberty Global as joint 50% partners with Mxc and their ‘mystery’ co-investor. ( I can’t remember where attempts to unveil that person finished )

I’m in the dark as a Mxc investor, yet MXLG is ongoing, 2 Mxc and 2 LG directors. And something got to happen for Liberty Global to buy it up, as per the original thinking.
And something got to happen with IDE, if Mxc and co are to make money.