Member Info for EdwardSeaton

Pisctloup - you wonder why?!

For today at least, I can't deny there is some amusement in thinking about all the people who sold before Thungela went ex-dividend.

But anyway, whatever happens, mine's going straight back in.

It would seem that the easy fruity - the prosperous 3 car woke, with easy home charging - has been picked.

Now it is the real world, and the real world doesn't like what it sees, or being told what to buy.

What does that mean for Lookers? Very bad for new cars, very good for used.

I think they should buy up every decent ICE car they can get hold of, and enjoy the profit. We need to get used to being somewhat like Cuba in that people just keep driving the cars that they like.

I don't mean Bisichi is American. I mean the value attributed to American companies is not based on the dividends they pay.

You say the board are greedy. Who/how?

Quite obviously Bisichi is not going bankrupt.

It's share price has tripled in the last 2 years.

Very few American companies pay a meaningful dividend.

Today, we have the joyful ability to buy shares in an substantial, massively profitable, growing company, that has a certainty of demand for its product that few companies can rely on, that is trading on a PE ratio of around cash plus 1X profit.

That's fabulous.

I hope it continues for a good while yet, as I can only invest meaningful chunks on a monthly basis.

Such a shame their products are made in China. I'm sure there are cost justifications, but I just can't do it.

To the extent that final results have been published in later April for the last 2 years, yes, I would expect final results next week.

It is a small company (in the UK) with no direct customer sales, so the website very far down the list of priorities.

It will be fun to see the reaction when the results are published. What is the lowest PE ratio anyone has ever come across?

Looking at the endless tiny share transactions, the shareholders and in very large part small, and I suspect inexperienced.

In the fullness of time, the weighing scales will overcome the crazed emotions. In the meantime, hoover.

Looking at the endless tiny share transactions, the shareholders and in very large part small, and I suspect inexperienced.

In the fullness of time, the weighing scales will overcome the crazed emotions. In the meantime, hoover.

I'm pretty sure everyone can see that, Mick.

16 bulk carriers docked at RB in last 7 days. I've not seen that since I've owned shares.

Judging by the number of bulk carriers that have docked at RCB over the last week (12), Transnet is now delivering a far greater volume of coal to the terminal than was the case throughout 2022. All of it goes East.

It is curious how such similar companies can be valued so differently.

I hold a bit of Churchill for family reasons. It is almost valued as a tech company on a 20 times PER, whereas long established mining companies like Bisichi are valued on a 0.5 times PER (CAP is £25m, and it is about to report around £45m profit).

And then a large mining company like Thungela has a PER of 1.4, and a dividend yield of 42%!

There is a lot of madness and irrationality out there, and some very easy money.

None of my business, I know, but I'd be fascinated to hear the reasoning of the person who sold 2000 shares today (unless they just needed the funds).

Looking at the P&L of the 2022 accounts, I'm seeing £10.5m tax paid and profit after tax of £73.9m.

My pension held in Transact receives all dividends gross.

The only thing that drive me mad about Transact is that they take several days to allocate the dividends to my account.

There is nothing to be gained from riddles and evasion, Tiger.

Let's leave it there.

On the assumption that this is supposed to be a serious discussion board, would you care to share your rationale for holding shares that you firmly believe you are going to lose money on?

But you are still holding Tiger?!?