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Sotonspike, I believe you are partially correct. My understanding is that the original rns said that the 263p offer price would be reduced by the total amount of future dividends paid. Three, I believe so far, meaning that the actual sp of 250p is not too different from what will now be paid.
Sorry to gloat but I got in at 2.3p last year after a tip from a Spanish friend. I could not wish for more (unlike a few other AIM dogs I hold).
Crusty it's not just another delay, it's 30% of the company value too.
Aminex have serious trouble in writing clear English. Look at the second para where they 'seem' to be saying that CH1 has already been successfully drilled. Perhaps someone forget to put an 'if' in there? It's not what you say it's how you say it. Aminex did not get this rns out correctly and look at the result.
Tertiary is a dirt scratcher that keeps trying to reinvent itself in the mining sector. The only winner over the years is the aptly named Patrick Cheetham. I wouldn't risk any more of my money on it.
Prospex is a different beast and it is generating money. For AIM investing I prefer Iofina (cash generative) or Futura Medical (potential blockbuster product) but investors have learnt not to hold their breath on the latter!
Thx Shatner
I am always disappointed by the poor quality of FUM reports. The news is in there but who ever does the writing does not know how to lay out a document that will appeal to the market. I'm surprised that the good doctor does not go through company reports with a red pen. For example, financial info is almost non-existent. There is a link to more detailed (ha-ha) financial report that shows costs under a revenue headline (Yes, I thought the same!).
And there is no mention of any income from partners. Weren't we previously led to believe that there were to be some upfront payments from the signing of "multiple commercial agreements". Has anyone ever seen any figures?
What is the US test results received in August 2022 doing in Operational Highlights for the period to June 2022? This should be noted in a section on Post-interim events.
A careful presentation of results to the investment community would go a long way to pulling in the investment crowds. The current amaturish presentation of results is not good enough for a company that has been on AIM for close to 20 years.
They should be targeting pre-Christmas. Imagine how many ladies would put a few tubes at the bottom of the Xmas tree.
Little mention in this string about the Bushveld Energy carve out, "by year-end". Reading the few paragraphs just before the 'Overview' section indicates that this should crystalise value for BMN and catch the eye of institutional investors (I hope Gore Street will be among them). The more II that look at BMN, the sooner we should get out of ths downward slide of the sp.
Yawn, anyone else awake?
I forgot to add the offer RNS, for memory
https://otp.tools.investis.com/clients/uk/contourglobal_plc/rns/regulatory-story.aspx?cid=2319&newsid=1584109
My reading of the original offer by KKR is thst the t/o price reduces after each dividend. The original offer price in May was 263.6 p and there was an approx 4p payment in June. We have just gone xd on another approx 4p. So, if I read the RNS correctly, we will now be in line to receive about 255p per share. Sad to lose this one but I wish they would hurry up and complete!
Are there any similar stocks on the LSE? I did buy rather a lot of Gore Street which is an energy storage (rather than producing) stock but have not found a replacement for Contour.
What a great example of how incompetents can destroy a great company.
Iodine sells, so do their speciality chemicals but TB worries me when he talks about investing in other sidelines. Remember the extraction of water project, remember too a dabble in cannabis seeds?
Please stick to your kniting TB. It looks like the market agrees with that sentiment.
@Hand-some: dividends can be automatically reinvested at market prices and a very small fee (typically around £1.50). Interested to know your broker because ii (now under the wing of ABRDN) does not offer this service for AIM stocks.
Reinvesting divies is what conventional wisdom considers provides the greatest long term gains. If you do not need the income provided by dividends, reinvesting is usually a good idea (but everyone to their own).
We were all new to investing at sometime in our lives, so do continue to feel confident to ask for advice or explanation on these boards. Most people are happy to help.
Eco
The annual results published last week did not seem too bad but the sp has fallen back by a couple of quid since then. Was the large deferred tax charge unexpected or am I missing another major, negative issue?
Amber Rudd (a director) obviously does not think so since she bought on 25th May.
Sad to lose this stock but at a good price.
Another good divie payer that I have held since its flotation is Gore Street Energy Storage, further down the electricty line than Contour. This is not meant as a recommendation of Gore Street but rather a reply to the question asked in this thread.
Not a recommendation but rather an interesting possibility to read about is Gore Street Energy Storage, the flip side of Contour. Four divies a year, a cash cow (especially in today's energy market) and an opportunity to get in relatively early in its history.