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I used the term "we" because "we" are an investment club. Sorry I didn't get the exact figure, it was was from memory and I did quote the exact £1012.50p dividend. The point I was making was that "we" have lost money, (about £2k to date) I cannot help but feel that the way the special dividend was handed contributed to our loss. This is echo'd by some others here. Yes I note the 11/12 difference, yes hindsight is wonderful, but this special dividend seems to be the catalyst for the current demise of the NG. SP. As to Corbyn, I can just imagine the Trump tweet if he found out the UK had nationalised a chunk of the US power supplies.
I think the £4b was the total sale proceeds, not what was returned as a dividend. The fact remains that after "returning" this cash, we are worse off. Forgetting the current dividend, which we would have had anyway, the 100 shares that NG "bought" from us was replaced by 97 shares (re-invested). I would have preferred them to have not consolidated and just given a 87p dividend. With hindsight we should have sold all in April thereby avoiding the special dividend (as I suspect many people did rather than incur breaching the £5k rule). I just hope that NG don't do us any more favours!
In April we had 1200 NG shares worth (then) £12474. Our 1200 shares became 1100, and we received a special dividend of £1012.50p Re-invested our holding is now 1197, worth £11730. Ignoring the latest dividend, (which we would have had anyway), we have lost £743. I hear you say but the SP has fallen and SP's go up and down. But even taking that into consideration the then share price of £10.40p, we are still £25 down. So no more special "return of £1b" dividends, we cannot afford them!
The Nine Elms £600m deal fell through. You have to wonder if those inscrutable Chinese noticed that they could buy the whole company for £706m, its current market Cap at 317p, according to HL. Interesting times.
I wonder how that urgent enquiry is proceeding. It must be sitting in the in tray at the Tanzania Ministry of Mining. Do they hold all the aces? There's nothing to be made from gold and copper in the ground. They may be looking to have the copper processed in Tanzania. I cannot see what they can do about the gold, its sold to the highest bidder and the government get their cut, (maybe they just want a bigger cut). I wonder if its the African equivalent of Yes Minister, I bet there's a fair bit of lobbying going off.
I bought LXI for my grandsons SIPP, he's 12 and won't be able to take his pension (current rules) until 2074. I wonder what the price of the average house or commercial premises will be worth then?
I did wonder if these sales are strategic and relate to the share save scheme. I believe the directors are in such a scheme, so it would be in their interests for the share price to fall at the time the share save scheme reaches a strike price. Looking back over directors sales and buys, there does seem to be similar across the board sales, certainly in 2015. There might also be a capital gain issue. Interesting that the new chairman bought in today, I am beginning to wish I had grabbed a few more at today's low of £2.96.
I suppose the one positive factor of their (the directors) share sale, because of those Insider trading laws you mention. If there is some major problem ahead that they are aware of, they should not have sold. I wondered if they are a little pee'd off. They have all done everything right, produced some good results and still had their investment bombed. The Brexit and China factor has overshadowed the SP fall. Yet if my washer/TV/Cooker/kettle/vacuum gives up tomorrow, the likely-hood is that I will go and buy another. Have it repaired, I hear you say - false economy, probably fail again. Yes, I will regret I did not take expensive maintenance contract, but I will grit my teeth and go and get a replacement, even if it does mean the credit card gets another bashing!
Ouch, I topped up before this RNS popped up. These sales don't fill me with confidence for the future, the price does seem to be very cheap at these levels, does anyone know why they have sold? I do think some of the preceding comments on service are unfounded. I recently went to Currys to see a particular TV. I spoke to an assistant who suggested a different TV and then went on to point out all of its superior qualities. I bought it, there was no hard sell, nothing was too much trouble and they took it to and placed it in my car. Previously, I bought a dishwasher which I was very pleased with, service contracts were mentioned, (as they are in Argos and just about everywhere else). Also an Iphone, where the guy worked out every possible combination of contract/ no contract costs, then arranged number change over, brilliant service. Every electrical item I've bought online has been defective, refurbished rubbish or damaged.
Your right oldbadger, I shouldn't have mentioned the parking, nightmare! The Assura website and published results are all the company will probably refer you to. Our Investment Club bought Assura on the basis of a steady yield, increasing property values and steady growth. Although other services may become available and even charges made for a visits, in the long term, when something hurts, swells, aches, get spots or goes a funny colour, the NHS GP is the first port of call for me and most other people. Buy on the dips, reinvest dividends and one day you might be able to afford to go private.
Could be a number of factors. Spire announcing they are to introduce paid visits to GP's at their hospitals. General perceived downturn in property values. Many other REITS now trading below NAV with bigger yields. Squeeze on NHS to reduce costs. Aps to see a GP, such as Babylon (and many more) now becoming prevalent. After all, putting your phone between your legs to show a Doctor in India your piles for twenty quid certainly beats, trying to get an appointment, trying to find a place to park, waiting thirty minutes for a quick once over by an NHS GP., followed by another thirty minutes wait at the chemist. Top up and wait for the wall of money to flow into the NHS before the next election.
A downgrade by Credit Suisse, their experts suggest the share price might fall to 680 (H&L). Which tends to differ from it being recommended as one of the five shares to watch in 2017 (H&L) or Pennons tip in Investors Chronicle. Perhaps Credit Suisse have heard that people are going to stop using water, needing waste removed or want to stop them producing electricity from waste at their 12 sites. Experts....
That my purchase is listed as a sell. Unless of course that someone sold the exact same amount at the exact same price at the exact same time. And my purchase was omitted on both here and on Hargreaves and Lansdown. Its no wonder bloggers are continually complaining about 'trades' information.
Odd that with a 'value' of 47p a share, all (bar Freshnillo) of GPM's listed gold Company's up from 2% to 7%, GPM's SP languishes at 34.5p. I suppose its all based on the continuing demise of gold and the CAD/£. With everything so rosy and perfect in the world, there's little to push folks into the yellow stuff. But, I've just added, just in case....
As mentioned, St Modwen’s, issued a trading update today (5th Dec). Understandably, a cautious, guarded and well composed update by the new man at the helm. But no figures to chew over. So far the SP has only increased a couple of pence. I wonder if anyone will realise it might be cheaper to buy the company than Nine Elms! (Company Market worth £627m with 222m shares, last NAV I could find was £4.81, so company actual worth £1067m). A simplistic calculation, but interesting.