George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
Welcome, nice to see such honesty around your buy in price! My holding isn't particularly large in absolute terms (though a good chunk of my modest portfolio) - first bought in at 370p, then added at 425p. I intend to continue topping this one up well into the 500s as funds allow. There's lots of reasons to be optimistic here - strong prospects and a lovely dividend!
I'd disagree with you there. Still think there's plenty of legs left in this one at the current level. Should be good to 500+ Over next 6 months (IMO).
Looks like my top up yesterday was well timed! Nice to see this continue to push on up. Looks good value for quite a bit more yet.
Retrace may well happen, I'd rather not though! Decided to top up a little more today as some funds were available. The next year should be a very good one here!
Seems to be taking a bit of a hammering at the moment! Let's hope things pick up a bit soon, not nice to see this one lagging.
Just what we like to see :) Have been struggling a little the last few weeks, but this should be a solid reminder of the prospects here. Roll on year end!
Never going to complain at seeing a rise, and will be happy to add more to this even if the share rises quite considerably. Happy for this one to stay somewhat under the radar a little longer though! I personally feel this is still incredibly cheap, great opportunity!
Same.. Slightly odd movement. Spike up 10% and now looks likely to drop back to yesterday's price. Not great to see - but the results really are excellent so worth holding out. No reason this shouldn't fly in the medium - long term.
Absolutely fantastic results. Can only see this going one way! Definitely worth sticking with this one for the long term!
looks like the market is not happy with this trading update! Expecting them to announce they would be ahead of expectations maybe? I'm still happy to hold here.
That's a substantial holding! Fair play to you... should see some incredible returns on that.
Looks like it may well be the start of the rerate :) Patience is a virtue... definitely worth remembering that here. Next year or two this could rise significantly.
Yep - should see a little anticipation building this week, and hopefully a good rise if we get positive results + Trading update. Would be nice to get some upward momentum - been relatively flat for a while now.
Yep, announcements are very positive today. Sell on news isn't much of a surprise, but tuck this one away for a year or two and you should be well rewarded!
Firstly, I'm intrigued by this line: "Money Mail has campaigned to stop the annuities rip-off". Might have to check out the basis for this campaign! I don't see annuities as a rip of at all. They may seemingly be expensive, but they are priced relative to mortality tables based on experience with prudence built in and prevailing gilt yields at the time. Clearly, in order to make a profit, the annuity providers are not able to offer higher rates than dictated by the basis/financial conditions underlying the annuity calculations. The only point that I could see as a negative would be not encouraging people to shop around; but any provider worth their salt already does this in member communications. Secondly - "from April 2015, as few as 40,000 a year might be taken out. ". I'm intrigued where they have drawn their figures from, or if they are just plucked from the air? Given, this is more in line with what I was expecting - but seems a little bit of an overestimate to me. As I've said before; I know I may come across slightly critical here, but I have nothing against the Company or anyone that holds. I only try to offer up different viewpoints for people to consider. Anywho - looks like the bottom has been found and the bounce everyone was after is taking place. Very glad for all holders here, particularly the long termers! Hopefully PA. will find a way out of this and strengthen their position.
Yep, may be a bit of instability for the next couple of weeks as Biotech as a whole is consolidating somewhat. Hopefully the worst of the drop is over though and it can continue to push on. Long term absolutely no worries.
They will indeed - it's just very tricky to call where the floor is with this one! There is indeed, but I imagine the principles behind it will be largely unchanged. It's not beyond possibility, but I wouldn't expect them to make substantial fundamental changes once this is through. A small investment may be warranted, but don't think it's one I could touch at the moment. I see an upside here of only ~ 10-20%, but a much greater downside. I may be completely wrong, but I'd probably rather take money elsewhere for the time being.
I'm not big on making predictions, especially at this early stage - so please take anything I say with a pinch of salt. I see a drop off across the at-retirement annuity market in the range of 55-75%. As you have noted though, this isn't necessarily the impact I see on PA. - as those still wishing to take an annuity are more likely to be the type that 'shop around', and as such PA. may feel a lower portion of this fall. It will still be significant though, at the lowest end I'd say 50%. Insurers will still gain business from Buy-In/Buy-outs, but these generally would not come through a company like PA or JRG. I would also note that if the government do indeed go ahead and legislate to block transfers from DB to DC - this will prevent and current members of DB schemes ever reaching the annuity market. At the present time, transfers from DB to DC give people the option to reshape their benefits in the form of an annuity (for example where there do not require indexing, or contingent spouse's pension). If the changes go ahead, this will no longer be possible. This group of people may not make up the most significant part of the market, but this will still have an effect. I recognise your point on security, and maybe my views are somewhat clouded by my personal attitude. I am 100% behind taking a small amount of calculated risk to have a much higher retirement income. It is a grim notion, but you will find most people would prefer to take more money earlier such that they could gain the most enjoyment from this money. As I say - grim, but true. This is the flexibility that you simply cannot achieve using annuities. The prospect of a hybrid solution is an interesting one, and may well become a popular route. Particularly to 'round off' - for example someone may wish to take an annuity to top up the state pension to, say, £10,000 per annum. Hard to quantify this in terms of future earnings, but it may mean some demand remains even for those using drawdown (albeit at significantly reduced levels). As I say, take this all with a pinch of salt. These are the views I am beginning to form, but there are a lot of 'ifs and buts' at this stage; this is very hard to call! Appreciate the intelligent discussion around the future on this board, surprising for a BB!