Member Info for deeplake77

My Valterra shares turned up in my HL account. Not in my trading212 account. Contacted customer service and for them was ok to reduce the number of Anglo shares but not issue the new shares. Currently trying to explain to them the point of the demerger.

Has anybody received their VALT shares yet? I hold AAL shares with both Trading212 and HL and haven't received mine yet.

Does anyone know how the management intends to use the cash received from the recent asset sales? I don't think I saw an official communication regarding it. I guess some, if not most of it will be used to repay debt? Will any of that cash returned to shareholders?

What's the best investment strategy for us investors, given that the share price is already £25? Sell now and if/when the bid is rejected buy back in? What's the upside of holding?

Were the job losses announces for the PGM or the diamond division?

Hi Walkon. You are not alone! I'm a holder too, I just come here sometimes to check prices.

What a day has been so far. I was so close to sell my holding and try to wait for a lower entry point. Glad I didn't. I knew that when I'm most fed up with a share is never a good time to sell. I always get the timing wrong. Not sure what's in store for the next days/weeks. But today it shows that this can go up as far as it went down. Good luck all.

The latest RNS is out about NAV. The share price is nearly £2 down compared to the NAV, it's an unusual discount for SMT. Can see it closing once the panic selling finally ends.

I was reading an interesting article today about SMT and how it's down 27.4% since the peak reached on the 15th of February. In comparison during the 2008 financial crisis and the following crash it "only" went down 40%.

The price has started to bounce back up following the release of the NAV RNS at 12:40. Not sure if it's a coincidence or it has placated some nerves.

That's a very good point Swarly. I heard talks of inflation limiting tech stock prices, but I thought it was an issue only when inflation went above 3-4%

An investment trust, unlike a fund, is traded like a share. Therefore you should always be able to buy/sell shares in it. Someone more knowledgeable than me could tell you that there are some rare occasions where is not possible to close a trade, but I think is a rare occurrence. It look like the NAV is dropping but not as much as the share price. The premium of 4-5% that SMT had only a week ago has all but disappeared. Perhaps investors lost confidence in the management following Tesla share disposals? A lot of Baillie Gifford trust have been doing very badly in the last few days.

Just to be realistic. GPH makes a lot of revenues from cruise ports in the Caribbean and Mediterranean. With the touristic industry presently at standstill, and the problem we have seen with cruise ships, I don't think we will go back up at pre-covid 19 levels immediately. Hopefully by next year the situation will go back to normal.

Not a good investment for me I'm afraid! Have been here since the IPO. However I believe the company has been doing very well with acquisitions and expansions. The dividend has been very good too. It's just the share price that is lacking, hopefully we will go back to pre-covid levels.

Hi jaskk, I think we won't see any more cuts to the dividend. Taken from the RNS:" the Board has decided to rebase the dividend by one-third to accelerate debt repayment, while retaining a progressive dividend policy, growing annually from the rebased level." Going by what they said it should grow gradually from this level. Let's hope they stick to their words.

I also invested here with a view to hold the shares long term (20+ years). If the dividend is sustainable and we reinvest it, we should see our average price paid for the shares go down very quickly. Sometimes i question my sanity and doubt my decisions when everything seems to go pear shaped. Good to hear some positive thoughts!

Isn't this supposed to be a defensive stock which should outperform the general market in such instances? I appreciate that absolutely everything is down today (and has been for the last few days), but at least we should be doing a little better than the rest of them. If anything people will be smoking more when are stressed out!

I agree with atalatal. It's a very used, and abused, tactic by new CEOs. Make the initial figures look particularly bad, so on the next update they can gloat on the great work they have done. Saying that, IMB has a lot of work to do. Hopefully the dividends will keep coming.

Liberum reiterates buy with a target price of 2,900p.

Another big drop in the afternoon. Gone from £17 to £16.60 in a matter of minutes. Not really sure where the floor is with this share