Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
if you look at the 1 week, 1 month, 3 month, six month, 1 year and three year performance stats, GLEN is now the best performer in the FTSE100
Looking at the chart the lowest price recorded as 70p on 20 January 2016. But I remember it as 66p intraday a few months before. That is one eighth of the current price !!!
I remember it was down to 66 intraday in mid- 2015 and the world looked very gloomy.....some media were asking if shares in GLEN were "dead money"...the company was worth a fraction of its then £50bn debt...basically it was owned by the banks
Once again GLEN is top of the FTSE100 Leader Board. Surely the brokers can't be right?
This could possibly be the announcement of a Deferred Prosecution Agreement (DPA). That would likely mean a substantial settlement in the hundreds of millions plus GLEN agreeing to plead guilty and introducing internal controls to prevent any further bribery etc. in return for no further court action or criminal charges...it all rather depends on the size of the settlement. If its over $1bn SP may take a dive.. its anybody's guess
In fact I was wrong DT: it is the Financial Ombudsman Service who can be complained to. Obviously, that would be a tiresome process. I guess if HL doesn't pay up today it might be worth perhaps writing again to HL saying we are complaining to the Ombudsman. We don't actually have to do it. But they would take that more seriously....Anyway at least GLEN seems to be having a good start to the day
If I remember correctly HL pay the working day AFTER the divi pay date - and they usually leave it until close of business. So those with HL should be getting the cash later this afternoon.
I have also complained repeatedly to them about this. They always say its not their fault but delay due to the fact that its in dollars, etc, etc. The only way to get to the bottom of this is to complain to the FCA about them. The FAC will then start asking them questions about it - to which they have to answer truthfully. It might be worth doing for those who feel strongly enough and have the time...
Good luck to all on this Board which I have been reading for a decade or more! Another really strong day for GLEN. She was in the 440's end of last week. Barclays yesterday reiterating a price target of 730 sounds well OTT. But nearly everything looks good in the near term, oil, EV metals general commods trading all going strong. All the recent brokers are forecasting 550-650 or above. China will surely start lifting restrictions sooner rather than later. The really big unknown is inflation/interest rates, which will either lift or depress the whole market. Dividend paid this Friday and another one in September. As a gamble this is much better than the casino. Only time will tell if it is a wise investment. Good luck to all.
Surely not £5 today?
The rise is quite incredible. End of September GLEN was 312. In less than six months she's gone up over 60 per cent. For a major FTSE100 share this is extraordinary
Can't find that Barclays 680 forecast either. Anyway, depending on which performance charts and dates you look at GLEN is now probably the best performing FTSE100 share....When was the last time that was the case?
Deutsche have today released a new forecast for GLEN: 580! Astonishing.
Well done everybody. I have been investing in Glen/Xstr for 20 years and watching this chat room for many years and tears.
Those who are long deserve this day. Well done!