Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
We'll, I've topped up again at these prices & if the price drops again on ex-divi I'll be happy to reinvest the divi. No problem long term here, fantastic opportunity to average down, already by far the biggest stock in my portfolio & it's staying that way.
If tells me I'm in here with a few from a few years back at just over £10. I don't think that's right as I did a bit of trading on the highs & lows back then & banked quite a bit on this. But I'll take that before I start trading it again.
Speculative buying. Toe in the water, little risk. If others come in at that price it will hold & rise, if they don't it will fall back. Uru will follow at a distance but could see a nice rise tomorrow if TSX finishes that way tonight.
These guys buying in at 0.76c. Haywood Securities https://www.haywood.com/
The big question for me is where the new companies will be listed. Currently these are in my SIPP & my ISA, I'd be a bit ****ed if I couldn't keep them both in there. So roll on a cash or listed buy out of one, other or both at somewhere between 50% & a 100% higher than today's price before any de-merger!
Analysts at Liberum started coverage of Centamin shares at 'sell', arguing that while its "strong" balance sheet gave it the resources to finance the turnaround of its flagship gold mine at Sukari, the shares were overvalued at present.
Said balance sheet strength would also allow the miner to maintain its dividend throughout the process, they judged.
Yet the 450,000-500,000/oz. target for annual production assumed underground resource upgrades to reserves and "sizeable" satellite ore bodies had to be found in order to materially prolong Sukari's life into the 2030s.
In any case, using an 8% discount rate and assuming $46/oz. of resource at its West Africa assets, then at the current market price of $1,800/oz. of gold, the outfit's estimated net asset value was 85.0p per share, for 30% potential downside.
Liberum set a 82.0p target price on the stock.
I figured on the regular dividend payment compensating for the falling share price a bit longer than it did. Old industry looking after it's investors by not dropping the divi when they should have done, looked like they were going to maintain it at a 10% level for a while. I got in when it dropped, thought I could trade it for a while & profit, got distracted with family issues, took my eye off the ball for a while, still got a bit left in, not much, recovery to mid 50s will see me in profit on the whole venture here.
Continued.....and probably already factored into the price, and the so far unresolved ofgem issue, probably holding the price down until an update. Barring that any new acquisitions so far unreported, expect the final report to bring little change from the usual healthy dividend & fluctuating so. Top up on weakness, sell on strength, keep a reasonable holding for the Divi : take the risk!
Payzone is already owned by the post office. Opposition to paypoint. Many paypoint outlets are unhappy with paypoint because of the low commissions, nothing new there, any many often threaten to leave but don't. Paypoint have them stitched up in long term contracts. The only new things are the loss of the British Gas contract, well publiscird in previous updates
The company is in terminal decline. The refinancing takes it to November 23. By the the banks will have had their money back & assets will have been stripped. There may be buying : selling opportunities along the way & minimal dividend payments. If you are in profit, take it. Don't leave in what you're not prepared to lose. With a bit of skill & a lot of luck you may make something but give it 2 years at most.
I suspect the rise of the last few days is in anticipation of good full year results & a chunky dividend to come. Results due 21st April, it will go ex-dividend probably 2nd week May & be payable in early June. In view of the lack of an interim earlier in the year & promise of re-instatement in the last interim statement it may well be of the order 5p-6p. Expect it to hold or rise from here until the announcement, then a little profit taking prior to going ex-divi. Guesswork as to where it will steady, historically £1.25 is where it always used to peak & fall back. I may cash a few in at that level if it gets there. Always worth getting your original stake back at some point & letting the rest ride for the divi's & the gamble with this type of share.