Rainbow Rare Earths Phalaborwa project shaping up to be one of the lowest cost producers globally. Watch the video here.
Garonne, FWIW although I am new to Vodafone I have been investing in the stock market for over 40 years. In all that time very rarely, if ever, have share buybacks had any sustainable impact on share prices.
Vod are not cancelling the shares they are buying back (that would more likely have a positive impact on the SP) they are holding them in treasury. This means that VOD can at any time sell them back into the market / raise funds or more likely use them to reward employees i.e. the BOD.
Before I get bombarded with negativity it is a known fact that cancelled brought back shares assist the companies SP, treasury shares don't because the market doesn't like it as much. What treasury shares do though is bring down the earnings per share percentage which assists the directors already excessive remuneration packages, or am I being too cynical?
I personally used to be with HL but moved a large six figure ISA away from them to AJ Bell. One of the reasons was dividend re-investment which with HL can be weeks after the dividend has been paid. With AJB they re-invest about two days after the divi has been received.
As far as costs are concerned HL will reinvest once the dividend income per stock totals £10, at a cost of 1% but the minimum is £1, you can however, set this higher if you wish. AJB charge £1.50 across the board I think, a decent saving if the dividend is large.
I have changed my own attitude in this so I don't automatically re-invest in a single company when that company pays a divi. I now wait until my dividend cash pot hits £5,000 which is about 5 times a year & I then buy at least £5K's worth of new shares, this seems to work for me. There are no wrongs or rights to this, good luck all.
In March 'Porsche(yeah right)1946' posted this about VOD ... " I guarantee you share price will be sub 60 soon"
He also posted that VOD will be sub 50 & regularly posts that the FTSE is doomed.
Well Porsche is very, very wrong on all counts & if he ever reads this the FTSE has gained 16.6% in the last 12 months.
These shorters don't like getting their fingers burned, gotta laugh!!
New investor to the insurance sector here enjoying reading this board & the posters sometimes doomsday predictions as to share prices & the next governments intentions, thanks everyone. I'm a fairly mature fella so have seen a few general elections & my four-penneth is that the current Labour Party could be closely aligned with the Tories of 30 years ago. I'm not at all concerned by the prospect of a Labour government & I'm happy to say that I have no allegiance to any political party.
Anyway, I have a nice lump sat in my Stocks & Shares ISA which I want to split between MNG (35%) LGEN (30%) & PHNX (35%) & prices are creeping closer to my buy in prices, set some time ago, of 190 for MNG, 240 LGEN & 485 PHNX. The question is do I aim lower or will I miss the boat if I do so? I don't expect anyone to know the answer to this by the way. Good luck all.
I'm very new to this board & to VOD shares & I enjoy reading the thoughts of those more experienced with VOD than I.
My only question is about the GutterSnipe poster & what this particular individual's worth is. He seems to post infantile, uneducated nonsense which is completely & utterly useless. Although new I have learnt already what the ignore filter button here does.
As a newbie here looking to invest I would just like to say that it's refreshing to read polite, informative posts so thank you. My take on the election impact is that uncertainty is certainly the key & as soon as there is some, i.e. regular polls showing a massive Labour lead (probably) this will do the market some good. Until then uncertainty & fluctuating share prices.
Zac0 - " . . . there is a talk of a very large share buyback being announced . . . "Really??
You less than tactfully asked where this information came from, so in reply see below.
Well actually it's from JPM who upgraded their price target for L&G to 330p from 305p, reflecting on a positive assessment of the insurer's future performance.
"It did so ahead of the capital markets event, set to unveil new CEO António Simões' strategy and to spotlight a simplified business approach, growth opportunities, and key financial metrics and targets, including L&G's new capital management policy.
JP Morgan forecasts the initiation of a £150 million per annum buyback programme by L&G, along with the presentation of metrics indicating potential for significant growth in assets, operating profit, and cash flow, surpassing consensus expectations.
In light of these projections, L&G has been placed on Positive Catalyst Watch, by the American investment bank, which reiterated its 'overweight' rating on the stock".
As these discussion boards are meant to share relevant information I thought I would post salient information for the attention of those interested in this stock. If you'd rather posters didn't do this then perhaps you shouldn't read comments.
It seems that we are on for a labour government, with or without a majority, & with the Tories at less than a 1% chance (City AM prediction) of getting back in surely that's good news for housebuilders.
They have clearly stated their intention by saying "Labour’s housebuilding targets will see one and a half million new homes built within the first five years of a Labour government, delivering the biggest boost to affordable housing in a generation, creating new towns and ensuring first dibs for first-time buyers".
It's the first time buyers bit that may be good news for PSN ... time to buy?
It seems to me that Gary was only making a general point & that someone on here grossly misinterpreted it & rather childishly took it personal. Perhaps the keyboard warrior that is Sean needs to wind his neck in & think before he posts. Not a good dinner party guest I think, ha!